League of Legends betting is very simple and there are many ways to win money betting on League of Legends. In essence, you vouch for who you think is going to win, and if it happens you get your money back with a return based on the odds.
Odds are generated based on multiple factors, including the previous history of the teams, player performance, current number of bets placed and many more. Your returns are determined by the bet multiplied on the odds of the team.
You can bet on LOL in various ways including, betting on competitive matches, betting with cosmetic goods such as skins as well as trade various items with bots and other players for a chance to get something big in return.
LOL Betting Seasons
With the start of every competitive season of League of Legends, betting season opens. Bettors can place bets throughout the regular playoffs and all the bets are taken in the form of best-of the game. Some leagues will use best-of-two and some will use best-of-three format.
With growing popularity of LoL, international tournaments are getting popular as well. A lot of teams play cross country, and sometimes you see teams being formed from international players. This improves the skills level within the team but reduces the communication. Before placing your bets, make sure you know the team and every member very well.