How To Convert Betting Odds To Percentages

LoL Odds: Live League of Legends betting odds

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Odds are most commonly expressed as ratios, but converting them to percentages often make them easier to work with. The ratio has two numbers: the size of the pot and the cost of the call. To convert this ratio to the equivalent percentage, these two numbers are added together and the cost of the call is divided by this sum.

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  • Betting Odds & Chance. To first understand what betting odds are, we have to first understand the concept of chance. Chance is the likelihood of an event happening. It is often expressed in percentages, also referred to as the probability. Let's roll a dice. Rolling a dice yields a probability of 1 out of 6 for each outcome.
  • Odds is where every casino in the world makes its money. The only bet in the casino which offers a true odds payout is the odds bet in craps, and you have to make a bet at a disadvantage before you can place that bet. Here’s an actual example of how odds work in a casino. A roulette wheel has 38 numbers on it. Your odds of picking the.
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Where can I find the best League of Legends odds?

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Do League of Legends odds differ from sportsbook to sportsbook?

Yes, League of Legends (LoL) lines definitely vary from sportsbook to sportsbook. Since eSports is new, all sportsbooks approach line setting for LoL in different ways.

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Sportsbooks are still learning to interpret League of Legends information and are similarly learning how to use that information to set their lines. Due to the various ways to use LoL odds and data, the differences between sportsbook line offerings can be beneficial to bettors who have done their research.

Some sportsbooks have better odds than others for the purpose of drawing new eSports bettors in. Spreading your bets out between various sportsbooks is a good way to take advantage of a sportsbook’s promotional offerings, and will ultimately bring you more value for your wagers.

What sportsbook is best to bet on League of Legends?

A good place to start betting on esports like League of Legends is by comparing lines. One way to do that is looking at the currently available lines at the top of this page. It is of course helpful to first gain an understanding of how sports betting lines work in general if you aren’t familiar with that.

Once you become more comfortable as a bettor, spreading your bets out between various sportsbooks will give you a lot more value than using just one sportsbook.

Betting on eSports is relatively new, so sportsbooks have high value promotions to entice new bettors to their sites. Many of the promotions will be things like bonuses that can greatly increase the value of your future bets.

In addition to Betway, the following sites offer real-money betting odds on League of Legends matches:

Daily Fantasy Esports on League of Legends is available at:

Read our guide on how to convert odds to percentages.

Options for odds shopping for League of Legends matches

A great way to get information on LoL is the live streaming site Twitch. Watching live streams on Twitch is a great way to understand the game, which is incredibly valuable for eSports betting. Tons of information on LoL teams are on the website Leaguepedia. Leaguepedia can be a huge help when choosing which teams to place bets on.

Betting Odds Calculator

Since LoL is one of the most popular eSports to bet on, bettors will have many options for sportsbooks. The majority of major sportsbooks offer LoL betting. Some popular sportsbooks offering LoL betting are Betway Esports, Pinnacle, and Bet365 esports. You can compare currently available lines at the top of this page.

Bettors can also play fantasy League of Legends on sites like DraftKings. Fantasy LoL allows you to bet on individual players you think will perform well, rather than teams as a whole.

Percentages

How will League of Legends odds change over time?

Betting on esports is very similar to betting on traditional sports, so the odds are bound to change over time.

There are many ways the game and odds will change over time. A change in which a team is favored can always happen and greatly affect an early bet. However, it is usually still advisable to place bets as far in advance of an event as possible. Planning and research can always lessen the risk involved with placing early bets.

Keeping track of LoL teams’ performance will also be beneficial in avoiding a bad bet. Changes to team positions needs to be paid attention to before you bet on a specific match. These changes are not that prevalent due to sportsbooks not posting lines way in advance. However, in the near future, as sportsbooks familiarize themselves with eSports like League of Legends, bettors will be seeing these changing components more often and will need to be able to navigate these issues.

League of Legends Worlds Betting Odds

The best betting opportunities are reserved to punters who bet on the biggest tournaments and League of Legends Worlds is at the top of the list. All the important esports betting sites dedicate ample coverage to the play-in matches, the main event group stage, and the playoffs. Punters can place their bets weeks in advance and take advantage of the fluctuating LoL Worlds odds throughout the competition.

LoL Worlds Winner Betting Odds

The magnitude of the tournament and the sheer quality of the teams involved makes it difficult to predict the outright winners. Not surprisingly, even leading bookmakers have a hard time choosing the main favorite, thus the LoL Worlds betting odds differ significantly from bookmaker to bookmaker. Three teams stand out from the crowd and they represent the strongest regions in the world.

Top Esports are regarded as the main favorites at Betway; betting odds on the Chinese team to prevail revolve around 3/2. They won the Summer Split and finished second in Spring, behind JD Gaming who are the second favorites with odds of 3/1. The latter rank high in the preferences of Bet365, but this bookmaker regards Damwon Gaming as the second most likely winner of the event. The Chinese teams have dominated the LPL and rank high in the LoL Worlds power rankings based on recent results.

G2 Esports are perennial favorites to win the most important League of Legends tournament, because of their experienced roster and impressive track record at the Worlds. Pinnacle Esports offers odds of 13/1, in spite of their recent struggles during the regular season. The Europeans have played the final last season and have always performed well at Worlds, so they are expected to steamroll past opponents in the group stage. That’s why punters who plan on backing G2 Esports should take advantage of these odds before the main event.

League of Legends Worlds Play-In Betting Odds

How To Convert Betting Odds To Percentages Chart

The first stage of the competition goes by the name of play-in and it involves 12 teams, split into four groups. The entire LoL Worlds schedule for the play-in stage is known and players can already bet on the 24 matches at Buff.bet and Unikrn. At this point in the competition, LGD with odds of 34/1, Mad Lions with 51/1 and Team Liquid with 67/1 are the main favorites to advance. The League of Legends Worlds betting odds on them to win the play-in matches are disappointingly low.

Slightly better LoL Worlds odds are offered on PSG Talon and INTZ who have had an excellent track record throughout the regular season. Unicorns of Love had a great performance last season and they should be able to win at least a game in their group, with Arcanebet giving them a good chance to advance. Machi Esports and Papara will be chasing second place in their groups and they are likely to choke in the decisive matches against superior opponents.

Main Event LoL Worlds Betting Odds

Four teams will advance to the main event to fill up the remaining spots in the group stage featuring the best 12 teams in the world. Since the match-ups are not yet known in each of these groups, the LoL Worlds’ odds for the main event will only be published after the play-in concludes. That’s why it is too early to make predictions about the teams to advance to the playoffs from each group.

Top Esports, G2 Esports and Damwon Gaming are almost certain to qualify regardless of the teams they will face in the group stage. TSM are also first seed, but they will be underdogs against any of the teams from the second pool. Speaking of which, JD Gaming, Suning, Fnatic and Dragon X are expected to join the favorites into the elimination round. What is downright frightening for Team SoloMid fans is that their team will be credited with the second chance even against third seeds such as Rogue and Gen.G.

A nightmarish scenario for the American team is to be pit with one of these two teams, which leaves Machi as the only desirable opponent, since they can’t share the group with FlyQuest. Things can get even dicier if the fourth team is one of the top qualifiers such as LGD or Mad Lions. As soon as the play-ins concludes we will know the groups and the odds offered by esports betting sites.

Upsets are inevitable in a tournament of this magnitude and LoL Worlds betting will definitely produce at least a few big surprises during the play-in and main event. In the playoffs, matches are played in a best-of-three format, so punters will also get LoL Worlds odds on teams to cover handicap spreads.

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How To Convert Betting Odds Into Probability

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