Outright winner
Pick the champion before or during the event. The bet settles when the final ends.
So what: higher payout, but the price carries the margin of every round and your stake is locked until the trophy is lifted.
Tournament · Dota 2
The International betting: TI odds, format and every past winner
The International is Valve's Dota 2 world championship, played 15 times since 2011. Team Spirit won TI 2026 in Shanghai, beating Team Vision 3–2 for a record third title. Below: how TI betting works, how outright prices shrink as a team goes through the bracket, and every winner and prize pool with sources.
15 editions, all sourced
Example odds clearly labelled
18+ only
By
Liam Fletcher
Updated Oct 8, 2026
- 2026 champion
- Team Spirit 3–2 vs Team Vision, Shanghai
- 2026 prize pool
- $3.91M Aug 13–23, 2026
- Record prize pool
- $40.0M 2021, Bucharest
- Most titles
- Team Spirit · 3 2021, 2023, 2026
- Grand final
- BO5 best of five
Liquipedia: The International (tournament list and prize pools); 2026 final: Field Level Media and Shanghai Municipal Government, August 2026. 2020 cancelled (COVID-19).
Short answer
How do you bet on The International?
Most bookmakers price TI three ways: the outright winner before and during the event, the winner of each series, and markets inside a game such as first blood, total kills or Roshan. Group and playoff series are mostly best-of-three and the grand final is best-of-five, so a stronger team is safer over a long series than in one game.
60% per game
64.8%
BO3 series chance
60% per game
68.3%
BO5 grand final chance
Editions
15
2011–2026, none in 2020
Repeat winners
3 teams
Spirit, OG, Liquid
Outright vs match
Three ways to bet on TI
Match winner
Pick the winner of one series. It settles when that series ends.
So what: usually the lowest margin on the page, and you can react to form, rosters and the draw.
Specials and props
Top region, total games in the grand final, first blood or first Roshan in a game, MVP-style player specials.
So what: thin markets with wider margins; compare the price on two or three sites before you bet.
Odds through the bracket Example odds
How TI outright odds shrink as a team advances
A worked example: a team with a 60% chance in every series and an example outright overround of 25%.
Upper bracket quarter-final
7.72
fair odds · 4 series to win
6.17
example book odds
Upper bracket semi-final
4.63
fair odds · 3 series to win
3.70
example book odds
Upper bracket final
2.78
fair odds · 2 series to win
2.22
example book odds
Grand final
1.67
fair odds · 1 series to win
1.33
example book odds
Champion
Won
title chance 100%
How it is worked out
Title chance = chance per series to the power of the series left. With 4 series to win: 13.0%, fair odds 7.72. Each series won removes one factor.
What it means: a pre-event outright price at 6.17 includes the margin on every round, so backing the same team series by series can pay more or less depending on the match margins you get.
TI playoffs are double elimination, so a team that loses once can still win the title by a longer route. The example follows the upper bracket and keeps every series at 60%.
Worked example, not a forecast. Book odds = fair odds ÷ (1 + overround).
Example odds Example odds
What a TI outright market looks like
Example odds, not live prices. The sum of implied probabilities shows the margin.
| Team | Example odds | Implied | Fair odds |
|---|---|---|---|
| Team Spirit | 4.50 | 22.2% | 5.83 |
| Team Falcons | 5.00 | 20.0% | 6.48 |
| Team Liquid | 6.00 | 16.7% | 7.78 |
| Xtreme Gaming | 7.00 | 14.3% | 9.07 |
| Tundra Esports | 9.00 | 11.1% | 11.67 |
| Gaimin Gladiators | 11.00 | 9.1% | 14.26 |
| Team Vision | 13.00 | 7.7% | 16.85 |
| Any other team | 3.50 | 28.6% | 4.54 |
| Sum | 129.6% | margin 22.9% |
Reading an outright market
Add up 1 ÷ odds for every team. Here it is 129.6%: the bookmaker keeps 22.9% of outright stakes on average.
What it means: outrights suit a strong view on one team. The names show how the table works; they are not predictions.
Example odds set by esportranker. Not live, not a forecast.
Prize pool history
TI prize pools, 2011–2026
From $1.6M in 2011 to a record $40.0M in 2021, then between $2.8M and $3.9M since 2023.
- 2011 $1.60M
- 2012 $1.60M
- 2013 $2.87M
- 2014 $10.9M
- 2015 $18.4M
- 2016 $20.8M
- 2017 $24.8M
- 2018 $25.5M
- 2019 $34.3M
- 2021 $40.0M
- 2022 $18.9M
- 2023 $3.38M
- 2024 $2.78M
- 2025 $2.88M
- 2026 $3.91M
What changed
Since 2013 a share of Compendium and Battle Pass sales has gone into the prize pool. Battle Pass money set a new record every year up to 2021; after Valve dropped the Battle Pass in 2023, the pool fell to around $3M.
What it means for betting: prize money does not move the odds directly, but a smaller pool changes how many teams build their season around TI.
Liquipedia: The International (tournament list and prize pools); 2026 final: Field Level Media and Shanghai Municipal Government, August 2026. 2020 cancelled (COVID-19).
Past winners
Every winner of The International
11 different champions in 15 editions. Team Spirit, OG and Team Liquid are the only teams to win more than once; no team has defended the title except OG in 2018–2019.
| Year | City | Champion | Runner-up | Final | Prize pool |
|---|---|---|---|---|---|
| 2026 | Shanghai | Team Spirit | Team Vision | 3–2 | $3.91M |
| 2025 | Hamburg | Team Falcons | Xtreme Gaming | 3–2 | $2.88M |
| 2024 | Copenhagen | Team Liquid | Gaimin Gladiators | 3–0 | $2.78M |
| 2023 | Seattle | Team Spirit | Gaimin Gladiators | 3–0 | $3.38M |
| 2022 | Singapore | Tundra Esports | Team Secret | 3–0 | $18.9M |
| 2021 | Bucharest | Team Spirit | PSG.LGD | 3–2 | $40.0M |
| 2019 | Shanghai | OG | Team Liquid | 3–1 | $34.3M |
| 2018 | Vancouver | OG | PSG.LGD | 3–2 | $25.5M |
| 2017 | Seattle | Team Liquid | Newbee | 3–0 | $24.8M |
| 2016 | Seattle | Wings Gaming | Digital Chaos | 3–1 | $20.8M |
| 2015 | Seattle | Evil Geniuses | CDEC Gaming | 3–1 | $18.4M |
| 2014 | Seattle | Newbee | Vici Gaming | 3–1 | $10.9M |
| 2013 | Seattle | Alliance | Natus Vincere | 3–2 | $2.87M |
| 2012 | Seattle | Invictus Gaming | Natus Vincere | 3–1 | $1.60M |
| 2011 | Cologne | Natus Vincere | EHOME | 3–1 | $1.60M |
Liquipedia: The International (tournament list and prize pools); 2026 final: Field Level Media and Shanghai Municipal Government, August 2026. 2020 cancelled (COVID-19).
The International FAQ
Who won The International 2026?
Team Spirit beat Team Vision 3–2 in the grand final in Shanghai on 23 August 2026. It was Spirit's third TI title after 2021 and 2023, a record for any organisation.
Which team has won The International the most times?
Team Spirit, with three titles (2021, 2023, 2026). OG (2018, 2019) and Team Liquid (2017, 2024) have two each.
How big is the TI prize pool?
The 2026 prize pool was about $3.91 million. The record is $40.0 million from 2021, when Battle Pass sales funded most of it.
What markets can I bet on at TI?
Outright winner, series winner, map (game) winner, handicaps on games, total games in a series, and in-game markets such as first blood, total kills and first Roshan. Market depth varies between bookmakers, so compare before you bet.
Is it better to bet on the outright or on each match?
Match bets usually carry a lower margin and let you react to form and the draw. An outright pays more if you are right early, but the price includes the margin on every round and your stake is locked for the whole event.
Can I bet live during TI games?
Yes, most esports bookmakers offer live odds on TI series. Odds move fast after team fights, and broadcasts run on a delay, so live prices can change or be suspended before you see the play.
How old do I have to be to bet on TI?
At least 18, and older in some countries. Licensed bookmakers check your age and identity. See our responsible gaming page for limits and help.
Responsible gambling
Bet only if you are 18+ and it stays fun
Esports betting attracts a younger audience than most sports. These rules apply on every page of this site.
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