Skrilla League Betting

League of Legends betting is the activity of predicting the outcome of a League of Legends match by placing a cash wager on the match outcome.

Skrilla is a betting platform that focuses purely on esports betting and is dedicated to offering a wide range of betting markets, with juicy odds on all major LoL matches and tournament globally!

To bet on lol you need to create an account with Skrilla and deposit cash. Once you have done that select the team or event you would like to place a bet on, and add it to the betslip (you can think of the betslip, like a shopping cart for an online store). Then enter the amount of money you want to wager. This is called the Stake. Submit the bet and you’re done!

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In the most basic form, betting odds are a representation of the underlying chance that an event will occur - the probability. In any event, every outcome has a chance of taking place. Odds are simply an interpretation of these chances.

On Skrilla, each betting market is attributed an odd. Skrilla manages and creates the betting odds for each betting market.

On the Skrilla platform odds are represented in decimals. For example a 50/50 bet would be represented as 2.00.

The closer the odds are to 1.00 indicates there is a strong chance this event will occur. These is called short odds. The further the odds are away from 1.00 indicates the event has a less likely chance of occuring. These are called long odds.

The longer the odds, the bigger potential payout. The shorter the odds, the smaller the payout.

When you place a eSports bet, you stake an amount of money on a particular betting market. The stake amount is multiplied by the odd of that market, and this create the potential payout amount.

For example if the odds for Mousesports to beat BIG are a 1.70. If you stake $10 on mousesports to win, your potential payout would be $17.00 = $1.70 (odds) x $10.00 (stake).

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A multi bet allows you to combine a series of single bets to make one bet. The odds multiply with each bet added. Each bet within the multi is referred to as a ‘leg’.

Increasing the amount of legs in a multi bet ultimately increases the potential payout of a bet. However you need to get each leg of the multi correct to win the multi bet.

For example if you were to pick 4 betting markets, you would have the following:

Combined Odds for 4 betting markets: 1.80 x 3.20 x 2.20 x 1.15 = 14.57

Bet Amount: $20

Potential Payout: $291.40 ($20 x 14.57)

When placing a multi bet with Skrilla, the maximum amount of legs a user can have, is 63.

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