Valorant

This event has expired See live events here
Tip: Get $3000 with Stake using this Stake code.

VALORANT Masters Santiago 2026 Betting Odds – All Eyes on NRG and Paper Rex

By Tit Krajnik

22 Feb 2026

Tit Krajnik 22 Feb 2026

Share this article

The 2026 VCT season’s opening Masters event kicks off in Santiago on February 28
Twelve world-class VALORANT squads compete for the lion’s share of the US$1,000,000 prize pool
NRG and Paper Rex are the frontrunners in the outright betting markets

VALORANT Masters Santiago 2026 Betting Odds

The VALORANT scene turns its attention to Chile this month, as the Espacio Riesco convention centre plays host to VALORANT Masters Santiago 2026.

VALORANT Masters Santiago 2026 Format
Swiss Stage
Playoffs
How to Bet on VALORANT Masters Santiago 2026?
VALORANT Masters Santiago 2026 Favourites
VALORANT Masters Santiago 2026 Betting Odds
VALORANT Masters Santiago 2026 FAQ

Set to begin on Saturday, February 28, the VALORANT Masters Santiago 2026 serves as the first major international event of the year. It succeeds the high-stakes regional Kickoff tournaments, which determined regional representatives, who will fly over to South America to battle for the crown.

The competition in South America represents more than just a hunt for the trophy; it is the first chance for teams to secure championship points on top of the lion’s share of the $1 million prize purse.

Heading into the event, the expectations are sky-high for favourites like NRG and Paper Rex, but they will face a long list of strong contenders.

With top-tier squads like G2 Esports, Nongshim RedForce, and local heroes FURIA in the mix, there is no such thing as an easy draw.

This ensures that esports fans have something to look forward to and esports punters plenty of betting opportunities to explore on the top-rated betting sites with VALORANT coverage.

VALORANT Masters Santiago 2026 Format

VALORANT Masters Santiago 2026 will play out in two stages, starting with an eight-team Swiss Stage, featuring second and third-place teams from four VCT regions.

All games in the Swiss Stage are played as best-of-three (BO3), with the top four teams advancing to the playoffs.

VALORANT Masters Santiago playoffs will feature the top four teams from the Swiss Stage and the four VCT Kickoff champions, who secured direct invites to the tournament.

The knockout stage is double-elimination, with all games played as best-of-three (BO3), except for the lower bracket final and the grand final, which are best-of-five (BO5).

Swiss Stage

8 VCT qualifying teams (2nd & 3rd seeds)
Swiss-system tournament format
All matchups are best-of-three (BO3)
The top 4 teams advance to the next phase

Playoffs

8 teams (4 direct seeds + 4 Swiss qualifiers)
Double-elimination bracket structure
Lower bracket final and grand final are best-of-five (BO5)
All other games are best-of-three (BO3)

How to Bet on VALORANT Masters Santiago 2026?

As a premier event on the VALORANT esports calendar, Masters Santiago is widely available on major betting platforms. While there are many options, Stake stands out as one of the top choices for VALORANT wagering.

Bet on VALORANT Masters Santiago 2026 at StakeUse Bonus Code NEWBONUSBET HERE

This crypto bookmaker offers competitive pricing, live in-play betting, free live streams, and extensive markets. Furthermore, new users can maximise their starting bankroll by using promo code NEWBONUS during sign-up and claim a welcome bonus.

Visit Stake
Sign up for an account with the promo code NEWBONUS to unlock special rewards
Locate the VALORANT section and select the "VCT Masters Santiago" markets
Start placing your bets and explore live streaming options

VALORANT Masters Santiago 2026 Favourites

With twelve world-class rosters touching down in Chile, the competition for the title is expected to be incredibly tight. However, current market data suggests a few teams have a significant edge.

NRG enter the tournament as the frontrunner.

After a commanding performance in the VCT Americas Kickoff, they look like a well-oiled machine that will be difficult to stop even for the world’s elite rosters.

Featuring a lineup of veteran players and young stars, NRG have shown they can excel in any meta, and have the firepower and the tactical depth to make a deep run.

While NRG deserve to be the team to watch, Paper Rex should not be overlooked either.

The perennial fan favourites, known for their trademark aggression, Paper Rex carry VCT Pacific’s flag as a team who are known for consistency and strong showings in big events.

While PR have, in the past, had their shaky moments and collapses, when they start running hot, there are not many teams that can stop Paper Rex.

G2 Esports and Nongshim RedForce follow closely on the outright markets and in the fans’ hearts.

In the VCT Americas, G2 have shown remarkable consistency, while Nongshim RedForce have quickly become the new powerhouse from the Pacific region.

Both squads possess the tactical flexibility required to navigate a double-elimination bracket, but may lack the experience of the top dogs.

BBL Esports and Gentle Mates represent the elite of the EMEA region. While they aren't the primary favourites, their ability to grind out wins in high-pressure situations and the immense firepower they possess make them dangerous dark horses for a deep run into the final days of the tournament.

VALORANT Masters Santiago 2026 Betting Odds

Team	Odds
NRG	4.00
Paper Rex	4.75
G2 Esports	5.50
Nongshim RedForce	5.50
BBL Esports	9.00
Gentle Mates	10.00
T1	13.00
FURIA	21.00
Team Liquid	23.00
All Gamers	26.00
EDward Gaming	34.00
XLG Esports	41.00

VALORANT Masters Santiago 2026 FAQ

When does VALORANT Masters Santiago 2026 begin?

VALORANT Masters Santiago 2026 officially starts on Saturday, February 28, with the Swiss Stage. The first stage of the event will be followed by the double-elimination playoffs throughout March, culminating with the grand finals on March 15.

Who is the favourite to win VALORANT Masters Santiago 2026?

NRG and Paper Rex are currently the leading favourites to take home the Masters trophy. G2 Esports and Nongshim RedForce are also considered major contenders, with BBL Esports and Gentle Mates close behind.

Where can I watch and bet on VALORANT Masters Santiago 2026?

VALORANT Masters Santiago will be broadcast live on the official VALORANT channels on all prominent streaming platforms. For those looking to place live bets, Stake is the recommended platform, offering comprehensive markets, live streaming, and in-play betting options.