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 · Valorant
Valorant Champions betting: odds, format and every past winner
VALORANT Champions is Riot Games' world championship and the last event of every VCT season. Champions 2026 is being played in Shanghai from 24 September to 18 October 2026, with 16 teams and a $2,250,000 prize pool. NRG are the defending champions after winning in Paris in 2025. This page covers Champions markets, how outright prices shrink through the playoffs and every winner since 2021.
Champions 2026: Shanghai
Example odds clearly labelled
18+ only
By
Liam Fletcher
Updated Oct 8, 2026
- Champions 2026
- Shanghai Sep 24 – Oct 18, 2026
- Prize pool
- $2.25M since 2023
- Teams
- 16 every edition
- Defending champion
- NRG Paris 2025, vs Fnatic
- Different champions
- 5 of 5 no team has won twice
Liquipedia: VALORANT Champions Tour (Champions editions, dates, prize pools, winners and runners-up).
Short answer
How do you bet on Valorant Champions?
Bookmakers price every Champions series, every map, map and round handicaps, total maps and total rounds, plus the outright winner and region specials. Series are best-of-three and the grand final is best-of-five, so a team with a 60% chance per map wins about 65% of BO3 series and 68% of the final.
60% per map
64.8%
BO3 series chance
60% per map
68.3%
BO5 final chance
Editions
5
2021–2025, 6th under way
Repeat winners
0
five different champions
This year
VALORANT Champions 2026 at a glance
| Item | Detail |
|---|---|
| Dates | 24 September – 18 October 2026 |
| Host city | Shanghai, China |
| Teams | 16, qualified through the four VCT international leagues and China |
| Prize pool | $2,250,000 |
| Defending champion | NRG (Champions Paris 2025) |
Liquipedia: VALORANT Champions 2026. Check the official VCT schedule for match times.
Outright vs match
Three ways to bet on Valorant Champions
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
Winning region, total maps in the final, pistol-round winners, overtime on a map, top player by kills.
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 Valorant Champions 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.
Champions playoffs use double elimination, so a team that loses once can still win the title by the lower bracket. The example follows the upper bracket.
Worked example, not a forecast. Book odds = fair odds ÷ (1 + overround).
Example odds Example odds
What a Champions outright market looks like
Example odds, not live prices. The sum of implied probabilities shows the margin.
| Team | Example odds | Implied | Fair odds |
|---|---|---|---|
| NRG | 6.00 | 16.7% | 7.17 |
| Fnatic | 6.50 | 15.4% | 7.77 |
| Team Heretics | 7.00 | 14.3% | 8.37 |
| Paper Rex | 8.00 | 12.5% | 9.56 |
| EDward Gaming | 9.00 | 11.1% | 10.76 |
| 100 Thieves | 9.00 | 11.1% | 10.76 |
| Any other team | 2.60 | 38.5% | 3.11 |
| Sum | 119.5% | margin 16.3% |
Reading an outright market
Add up 1 ÷ odds for every team. Here it is 119.5%: the bookmaker keeps 16.3% of outright stakes on average.
What it means: the names show how the table works; they are not predictions.
Example odds set by esportranker. Not live, not a forecast.
Prize pool history
Valorant Champions prize pools, 2021–2025
$1.0M at the first two editions, $2.25M at every edition since 2023.
- 2021 $1.00M
- 2022 $1.00M
- 2023 $2.25M
- 2024 $2.25M
- 2025 $2.25M
What changed
From 2023 Riot moved VCT to partnered international leagues in the Americas, EMEA and Pacific, with China added as a fourth league, and raised the Champions prize pool to $2.25M.
What it means for betting: Champions is now the end of a fixed league season, so form from the year's Masters events and league playoffs is a useful guide.
Liquipedia: VALORANT Champions Tour (Champions editions, dates, prize pools, winners and runners-up).
Past winners
Every Valorant Champions winner
5 different champions in 5 editions. No organisation has won Champions twice.
| Year | City | Champion | Runner-up | Final | Prize pool |
|---|---|---|---|---|---|
| 2025 | Paris | NRG | Fnatic | $2.25M | |
| 2024 | Seoul | EDward Gaming | Team Heretics | 3–2 | $2.25M |
| 2023 | Los Angeles | Evil Geniuses | Paper Rex | 3–1 | $2.25M |
| 2022 | Istanbul | LOUD | OpTic Gaming | 3–1 | $1.00M |
| 2021 | Berlin | Acend | Gambit Esports | 3–2 | $1.00M |
Liquipedia: VALORANT Champions Tour (Champions editions, dates, prize pools, winners and runners-up).
Valorant Champions FAQ
When and where is Valorant Champions 2026?
In Shanghai, China, from 24 September to 18 October 2026, with 16 teams and a $2,250,000 prize pool.
Is the Esports World Cup Valorant event the same as Champions?
No. The Esports World Cup runs its own Valorant tournament in the summer. Champions is Riot's world championship at the end of the VCT season.
Who won Valorant Champions 2025?
NRG won Champions Paris 2025, beating Fnatic in the grand final.
Has any team won Valorant Champions twice?
No. Acend (2021), LOUD (2022), Evil Geniuses (2023), EDward Gaming (2024) and NRG (2025) have one title each.
What can I bet on at Valorant Champions?
Series winner, map winner, map and round handicaps, total maps, total rounds, pistol rounds, overtime and the outright winner. See our Valorant betting guide for how each market works.
How old must I be to bet on Valorant?
At least 18, and older in some countries. 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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