Bilibili Gaming enters the later stages of LPL 2026 Split 3 as the clear market leader, backed by its Split 2 title win over Top Esports in a 3-0 grand final sweep and a stable roster featuring Bin, Xun, Knight, Viper, and ON. Strong regular-season records across both completed splits, combined with consistent playoff qualification and international qualification points, underpin trader consensus around its 58% implied probability. Anyone's Legend sits second at 15.5%, driven by its competitive head-to-head record against BLG, an 8-2 start in recent group play, and roster continuity around Tarzan and supporting pieces. Top Esports holds third at 12.3% after its Split 2 final appearance and solid mid-table to upper standings finishes, while JD Gaming and Invictus Gaming trail further back amid more variable results and fewer recent deep playoff runs. Lower-priced sides like Team WE and Ninjas in Pyjamas reflect limited split success and weaker championship-point accumulation. Ongoing Split 3 matches continue to shape these probabilities ahead of season playoffs.