League of Legends is amongst the most played video games out there. It is also one of the most betted on sports. Thousands watch the tournaments, and hundreds of them try betting on various websites.
List of League of Legends Bookmakers 2023
Found: 16 Bookmakers
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Everything you need to know on League of Legends betting
On this page, you’ll find details on the best betting sites for gambling on the League of Legends game.
League of Legends - popularly known in the sports betting industry as LOL - is the subject of this article. Interest in esports has been growing in popularity for many years now but really spiked in 2020 and 2021 when many mainstream sports like football, tennis and horse racing were postponed or forced to take place behind closed doors due to the coronavirus outbreak and resulting restrictions.
Our team of experts tell you the best betting apps for gambling on League of Legends and how you can get the best odds and a bonus.
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.
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.
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.
Best League of Legends betting bonuses
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.
The best betting sites with fast payouts:
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.
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.
One of the most used methods is a debit card. You can use your debit card to do the betting and for withdrawing the money as well.
Bank transfer is also one of the widely used payment methods. It is reliable, and you can always withdraw the money unless betting is illegal. If it is, then you can't take risks.
Neteller has a similar way of operating as Paypal. It is a Canadian company, and it works just as fine.