As we head into spring and summer, one of the lesser-known betting options is esports. But sports handicappers are becoming more and more familiar with what’s becoming a popular industry. As players familiarize themselves with esports wagering opportunities, pay per head agents must also become familiar with the most popular games. LoL is one of those games. Check out everything a bookmaker must know to offer League of Legends betting.
Esports has taken flight. Almost unknown in 2019, last year the coronavirus pandemic forced many sports bettors to stay at home. The NBA and NHL shutdowns, and Major League Baseball’s late-season start, required players to look for outside-the-box wagering opportunities.
Churchill Downs in Kentucky had their best opening day ever in 2020. Last year, players flocked to liver dealer casinos and other digital casino platforms.
Esports also took advantage of lockdowns and stay-at-home rules. Betting on esports games didn’t come close to challenging baseball, basketball, and football betting. But interest in games like Overwatch, Dota 2, and Counter-Strike CS:GO grew.
League of Legends betting has grown its reputation. Keep reading to discover what BossAction agents must know to become betting on League of Legends experts.
Can bookies make money from esports options?
After answering the first two obvious questions, what is a bookie, and how do bookies make money, the next one is can sportsbook operators make money from esports betting?
The answer is “yes” because esports betting is akin to wagering on baseball, soccer, and hockey. MLB betting garners $30 billion to $40 billion in action per year.
Esports bets won’t come close to the $40 billion number. But as the popularity in games like League of Legends continues to expand, so will betting action on esports matches.
What is League of Legends?
The predominant esports tournaments are League of Legends, Dota 2, and Counter-Strike. Overwatch, because it’s primarily a U.S.-based game, has grown in popularity.
But for now, Overwatch can’t touch the big three. One of the reasons for the big three’s dominance? Individual leagues exist in different regions across the globe.
There’s also a world championship tournament for each video game. League of Legends World Championships takes winners from various regional leagues.
Since 2011, Riot Games, League of Legends’ creator, has run the LoL World Championships. Starting in 2013, a League of Legends South Korea or League of Legends China team has won the title.
DWG Kia won the 2020 LoL World Championships. The prize pool amounted to $2.34 million, with DWG took home $562,000 after winning.
Remember, the League of Legends bet options aren’t just available for the LoL Worlds. They’re also abundant for all of the qualifying tournaments and various regional league matches throughout the year.
What LoL teams should BossAction agents know?
Before getting to the teams, sports betting software providers must familiarize themselves with LoL. Santa Monica, California-based Riot Games released League of Legends in October 2009.
League of Legends is a multiplayer, online battle arena game. The main game within the game is called Summoner’s Rift.
In Summoner’s Rift, one team of players invades their opponent’s territory and attempts to capture an obelisk called the Nexus. Except for G2 Esports based out of Europe, the best League of Legends teams exist in either South Korea or China.
Top 15 Ranked League of Legends Teams
- DWG Kia – South Korea
- Top Esports – China
- Gen.G – South Korea
- G2 Esports – Europe
- DRX – South Korea
- J.D. Gaming – China
- FunPlus Phoenix – China
- AGO Rogue – Poland
- mousesports – Germany
- T1 – South Korea
- Suning Gaming – China
- EDward Gaming – China
- Royal Never Give Up – China
- Team WE – China
- Rare Atom – China
The first U.S. team on the list lands at 16. Cloud9 is a top LoL team. If you want players to become interested in League of Legends, you can name drop Cloud9.
Also, talk about Cloud9’s players, Robert “Blaber” Huang, Jesper “Sven” Svenningsen, Phillippe “Vulcan” LaFlamme, Ibrahim “Fudge” Allami, and Luka “Perkz” Perkovic.
If you want to promote DWG Kia, hands down the best League of Legends squad in the world, name-drop Heo “Showmaker” Su. Showmaker was the third-ranked LoL player heading into the 2020 championships.
As of March 15, DWG Kia has 14 wins and a loss in 15 matches in the LCK, South Korea’s LoL league.
Players could bet on DWG Kia, win, and get a taste for betting on esports. Bookmaking software agents should set max betting limits, and max payout limits like you should do for every moneyline bet.
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LoL is more like basketball or baseball than football. League of Legends betting options exist on most days throughout the week. Players could get shut out if they don’t have enough money in their wagering accounts.
If you have players who want to make online deposits into their betting accounts, consider importing your players to BossAction. The Agent Payment Solution (APS) allows PPH sportsbook agents and players to deposit via cryptocurrencies like bitcoin and credit or debit cards.
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