The ALGS Open is back with 160 teams, $1 million on the line, and plenty of noise around who might take it all. If you’re here to bet, not just spectate, this breakdown is for you. We’ll go over the odds worth watching, how the format impacts your wagers, and why you shouldn’t rush into outright bets just yet.
Outright Odds – Early Favorites and Dark Horses
GG.Bet has odds up for a select list of teams—most of the field isn’t even priced, which tells you where the sharp money is going. Here are the current numbers:
| Team | Odds |
|---|---|
| 100 Thieves | 9.00 / +800 |
| Alliance | 9.00 / +800 |
| Natus Vincere | 9.00 / +800 |
| Shopify Rebellion | 9.00 / +800 |
| Team Falcons | 9.00 / +800 |
| Virtus.pro | 11.0 / +1000 |
| Fnatic | 13.0 / +1200 |
| GREEN STEGO | 13.0 / +1200 |
| Team Liquid | 15.0 / +1400 |
| ENTER.FORCE.36 | 15.0 / +1400 |
| Gaimin Gladiators | 19.0 / +1800 |
| VK Gaming | 19.0 / +1800 |
| XNY | 19.0 / +1800 |
| Activist Esports | 21.0 / +2000 |
| ENVY | 21.0 / +2000 |
| FURIA Esports | 21.0 / +2000 |
| NRG | 21.0 / +2000 |
| Al Qadsiah | 26.0 / +2500 |
| NOEZ FOXX | 26.0 / +2500 |
| Reignite | 26.0 / +2500 |
| S8UL Esports | 26.0 / +2500 |
| 10k Club | 34.0 / +3300 |
| Aurora Gaming | 34.0 / +3300 |
| EXO Clan | 34.0 / +3300 |
| GoNext Esports | 34.0 / +3300 |
| GHS BoooM | 41.0 / +4000 |
| RRX | 41.0 / +4000 |
| Source Gaming | 41.0 / +4000 |
| Forbidden Gaming | 51.0 / +5000 |
| lonely let gone | 51.0 / +5000 |
| REJECT | 51.0 / +5000 |
| Rival Esports | 51.0 / +5000 |
Odds via GG.Bet, as of April 30 – may shift closer to game time.
Format and Schedule – Why Timing Matters for Betting
The tournament runs from May 1–4, hosted at the Ernest N. Morial Convention Center in New Orleans. The key point for bettors: this format punishes inconsistency and early-round mistakes.
How it works:
- 160 teams split into groups
- Winners rounds cut the field in half repeatedly
- Elimination rounds do the same, but give dropped teams a second shot
- Final 20 fight in a Match Point format: hit 50 points, then win a match to take it all
It’s chaotic. It rewards momentum and survival instincts more than reputation or seeding.
Don’t Bet Outrights Yet—Here’s Why
Yes, the top names are tempting. But in a battle royale tournament with this much volatility, picking a winner before the first drop is mostly guesswork.
Unless you have inside info on team scrims or last-minute roster swaps, the better move is to wait. Let the first rounds play out, identify who’s reading the lobby correctly, and only then look for value.
Even then, you’re better off playing matchday props or top-10 finishes, not tournament winners. Too much can go sideways in the Match Point format.
Regions to Watch
Americas and EMEA are still the regions with the deepest talent pools.
- 100 Thieves, NRG, and Shopify have strong LAN pedigree.
- Alliance, NAVI, and Virtus.pro have looked sharp online—but LAN’s a different beast.
- Team Falcons is getting a lot of attention, but they’ll need to prove they can hang internationally.
Asia-Pacific squads tend to fly under the radar in betting markets. That’s where you might find hidden value—especially teams like Fnatic, REJECT, or ENTER.FORCE.36, who’ve been quietly climbing.
Final Take
This isn’t your typical bracket-style tourney. If you’re betting on the ALGS Open, you need to think in phases—not just final outcomes. Look for:
- Teams that play well in edge circles
- Composure in high-pressure endgames
- Strong IGLs with LAN experience
And above all, don’t overcommit early. Let the meta shake out, then start taking positions.
