This is a guest contribution by Florian Kinslechner, co-founder of  www.esports-betting.pro. If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you.

We all know that big sporting events—Soccer’s World Cup, the Super Bowl, the UEFA Champions League, among others—mean a lot for the gambling industry. Well, eSports also has events of the same magnitude, such as the League of Legends World Championship, or as fans often call it: LoL Worlds.

Before we get to the details of the tournament, let’s take a short look at the game we are talking about: League of Legends (LoL) is what gamers call the multiplayer online battle arena (MOBA) game published by Riot Games and released back in 2009. In competitive LoL, two teams of five players each fight to destroy the base of the other team. A game normally takes between 30 minutes to an hour.

According to Riot Games, 67 million users play the game at least once in a month with 27 million players online every day. This means there are at least 7.5 million gamers playing at the same time during each day’s peak play time. The vast majority of these players might be considered amateurs, but there are plenty of professional teams from across the globe that are competing in five regional leagues organized by Riot Games and its partners.