League of Legends Betting

It has now become so much easier to follow and bet on your favourite esports team or player. League of Legends betting at Esportsonly.com offers the best choice of esports bets through our wide range of tested and approved esports partners. Place your bets of all league of legends matches and major tournaments.

Since its rise to popularity, many more people started to bet on league of legends and with more and more trusted online betting operators offering odds for esports matches, league of legends betting has become more accessible to those who are thrilled when watching professional esport teams battling it out for prize pools that are now reaching millions of dollars in prize pools.

Betting on League of Legends

League of Legends Betting Sites_esportsonly.com

Despite being a newer form of entertainment, esports have become a lucrative industry, especially thanks to the ever-growing number of betting operators which will no doubt invest in this industry, with an in-depth look into popular games such as League of Legends (LoL). Because of the massive following of this popular online game, the revenue coming from advertising, in-game merchandise, and live streaming fees amount to billions of dollars. The diverse economy of LoL e-sports created millionaires from teenagers and twenty-somethings who were deemed before as “shut-ins” or “computer nerds.”

But even if you are not a professional gamer, you can still have your fair share of success just by being a fan of the game. With the League of Legends betting, you can earn money, and support the entire e-sports economy. However, this act is not as simply picking a team and putting your money online. Check this post to learn more about League of Legends betting.

League of Legends Esports at a Glance

League of Legends Esports

When it comes to huge online gaming events, nothing really beats the League of Legends World Championship. This epic online competition is considered as the “big daddy” of all the professional gaming tournaments in the world.

If you want to earn big in League of Legends Betting, the Worlds is the event that you should look out for. Competing teams from around the world are gathered. The different stages include the Group stage, Quarterfinals, Semifinals, and finally, the Championship. These different stages are held in different parts of the world.

Here are some interesting stats about esports:

  • In 2018, the man-hours spent on watching the World Tournament reached 6 billion hours via live streaming alone
  • The total prize pools for 2018 reach a staggering 45.5 million US dollars.
  • Over 200 million people viewed esports tournaments in 2018 alone
  • There are almost 120 million unique LoL players a month
  • Riot Games, the developers of LoL, achieved a revenue of $1 billion through in-game purchases
How do I Bet on League of Legends_esportsonly.com

Before betting on LOL, you need to register first on a legitimate sports booking site for the game. When choosing a League of Legends betting website, the factors that you need to consider are the safety measures, betting process, the reputation of the site, promotions, and the user interface.  For starters, make sure that the websites have a 128-bit Secure Socket Layer technology so that the personal information you give them is safe online.

You can read all of these on the betting websites, but you can also check forums and reviews for extra measure.

You also need to consider the country where you are living. Some sites only accept bets from US residents. They may ban states with stricter online betting policies such as Delaware, New Jersey, or Nevada.

Most websites also offer bonuses to first-time bettors on their initial deposit. This is like a welcome gift to all of their new subscribers. Generous bonuses can help you start your career in League of Legends Betting.

However, these gifts come with terms and conditions, and it may vary from one esports betting site to another.

Find out more on how to get your bonus from our esports betting partners

Aside from wire transfers and credit card payments, some betting bookmakers also offer Bitcoins as payment. This is a new form of virtual currency that can be obtained by “mining” and trading them online.

You need to create a Bitcoin wallet and store your Bitcoins there to pay the bookmakers. But since the virtual currency is quite new, there are only a selective few online betting sites that offer this mode of payment. You can stack up on your Bitcoins now and use them in the future.

League of Legends betting can be an exciting way to earn money while supporting the game you love at the same time. The esports industry is vast and it is growing at a rapid rate, so you can surely enjoy it for a long time. However, betting is also a science.

If you are new to the scene, you need extensive research on the teams and the people behind the tournament. After you have gained knowledge about League of Legends, your next step is to find a reliable bookmaker with solid security features, user-friendly interface, and generous deposit bonuses. Good luck with your venture on esports!

League of Legends Esports Teams

Aside from the players’ performance in the game, there are several factors that will affect your League of Legends betting choices. If a powerful team suddenly changed their roster, this can affect their performance during the competition.

As an online bettor, you need to be updated with what’s happening with the individual players, coaches, and even the team managers. Aside from the popular teams, you also need to watch out for those promising rookies and invest on them if you discover their potential.

Esports Tournaments to follow

So how exactly do you go about finding the ideal esports bets? 

The first step in betting on esports is realising what kind of game you’re betting on. League of Legends? Dota 2? Here are some of the most popular games that people bet on:

Dota2

CS:GO

LoL

OW

FIFA

CoD

PUBG

Rocket

Fortnite

Hearthstone

Specific games have certain ways of being played, and thus there are different ways of betting on each.

Decided to finally bet?

Esports betting is a complex market. There are many things you need to understand – from the video game itself to the players to the process of betting with a site, it is a busy and massive industry.

But at the end of the day, it’s just another market. It has its vulnerabilities and its shields. In a way though, it is far different than any other industry. Once upon a time, video games were just games. Who knew that games would give birth to a whole new sport, and a whole new form of gambling? Who knew that you could profit off magic spells and fictional characters?

But alas, the industry has shaped itself- and it continues to evolve.