There is no doubt that esports is an increasingly growing industry. The earliest known video game competition took place on 19th October 1972 at Stanford University for the game Spacewar.
Today, anyone who loves gaming wants to make it a profession by becoming a pro -player.
However, it is not just the pro players who are making money. It is also people in front of the screen, earning a good amount by betting on their favorite players.
The game earned some $2,100,000,000 in 2017
If it were not for the game's player growth, LoL would not probably have been such a big hit
LoL's creators – Riot Games – say that the company invests $100,000,000 each year on its esports operation. Now, this is some hefty amount
League of Legends is most played in western Europe comprising 24.9% of all ranked players
League of Legends was designed, created, and released by Riot Games in 2009. While it gained enough attention in its first official gaming tournament in 2011, it became one of the most played games in its second season of competitions.
The breakthrough, in this game, was brought about by the players from China and Korea. The growing gaming industries of the two countries added a lot to an already famous game making it the largest esports league in the world.
Online LoL betting websites were not a novice when League of Legends came out. According to some statistics, LoL has still maintained its numbers when it comes to online streaming. The rise of the likes of Fortnite must have made it difficult, yet LoL stayed on the top.
Today, League of Legends is still under the top 3 products representing around 95% of all the betting activity.
How to Pick the Best League of Legends Betting Sites
Now, betting is a profitable business. But it requires one’s strong cognitive abilities and judgment.
You usually don’t bet on a league, through an LoL gambling site, because you like it, especially in a game like LoL. You should know the history and the other relevant factors.
If you have decided to start betting on LoL, you should understand what are the best LoL betting companies.
How to make sure you are using the best betting site?
Make sure the site has good reviews when it comes to safety and privacy
The LoL betting sites have booking options so that betting does not become a fuss
Make sure there are different betting options in League of Legends
Check bonuses. LoL betting companies that give bonuses and rewards are usually authentic ones. Bonuses may vary. Some League of Legends sites provide the best bonuses.
Make sure the coverages are the site’s originals. Past coverages on a site are evidence that the site can’t be a scam.
Tips and Strategies for League of Legends Betting
While there are specific tips and rules while choosing the best betting site, there are also some tips and strategies when it comes to betting for League of Legends.
Bet the right amount, and don’t get too emotional.
If you are losing money, try not to bet higher as that is bound to make you lose more money unless your luck works. Losing may be frustrating, but when you fall prey to that frustration, you lose more.
Try to understand the basics of League of Legends odds.
The odds are pretty significant in League of Legends. Higher odds mean a higher risk of loss and more considerable money. Whereas, the lower odds work otherwise. You don’t have to bet on a player/league that everyone’s betting on just because their odds are higher because the higher the odds, the greater the risk. So, be careful when it comes to odds. Lower odds may not have high winning chances, but their risk ratio is too less.
Always do your research to understand the game better.
About the past matches, the scores, the odds, the teams, and bettors even gauge players’ psychology. An important thing that most experienced bettors do is their homework. When you know betting and numbers, your chances of winning only increases.
Top 5 League of Legends Gambling Sites With Fast Payouts
Gambling is all about money. League of Legends betting websites that keep the betting money for too long and don't have fast payout procedures tend to be disliked by bettors.
However, the delay is not always on the bookies' side. The delay can also be caused by the payment method that you have chosen. The best LoL gambling site would be the one that has a faster payout system. Usually, the fastest of the payout takes about 24 hours. The best LoL gambling sites when it comes to betting on League of Legends also include suitable interfaces.
Different LoL gambling sites have different payment methods when it comes to LoL. If you use a particular payment method where your money is delayed or late, you probably need to change your method. It is a basic economics rule that the trade of money should not be stopped or delayed. You get your money, and you bet again.
Betsafe – unlike other online LoL betting companies – is dependent on its payment processor, which is why it does not have a lot to do with the speed of the payouts. This means that the payout time depends on your chosen payment method. Ewallets tend to work faster on Betsafe, and the maximum time taken is 24 hours.
Top League of Legends Betting Sites for Mobile Bets
People use mobile phones for betting more because it is way easier to take out your phone, put your data in and start betting than opening up a laptop or a computer and betting on your team.
Mobile phones are quicker and convenient. You can bet anywhere, anytime. It saves you time, and you don't have to carry your laptop or computer everywhere. Although laptops may help you keep track because of their bigger screens, mobile phones also do the needful, and you can carry them in your pocket too.
GG.bet is amongst the top LoL betting sites for 2020 because of its amazing website. It does not have pop-ups, the guidelines are clear, and most importantly, its responsive web designing allows you to access the website on your phone as well. Plus, it saves you time.
Recommended Payment Methods at League of Legends Sportsbooks
Different League of Legends bookies suggest different methods. It is of utter importance to have a way to manage money at an online sportsbook. If you like a particular payment method and feel comfortable with it, don't go after the League of Legends bookies and change your method. You must know what you feel comfortable in. People can be picky when it comes to money, so choose the right method.
The recommended League of Legends payment methods:
It may not be as famous or as widely used as Paypal, but many bettors use Skrill to withdraw their hard-earned betting money.
Paypal is considered one of the most convenient and safest ways to withdraw money from your bookmaker account. It may not be used as much as Debit and Bank Transfer, but it is a recommended payment method by many betting sites.