Paper Rex Favorites to Win Valorant Champions Tour 2024: Masters Shanghai

  • What: Valorant Champions Tour 2024: Masters Shanghai
  • Date:  May 23 – June 9, 2024
  • Location: Valo Arena and Mercedes-Benz Arena in Shanghai, China
  • How to Watch: YouTube and Twitch

The second global event of the 2024 Valorant Champions Tour takes place between May 23 and June 9 in Shanghai, China. That event, the Valorant Champions Tour 2024: Masters Shanghai, sees 12 of the top Valorant teams from around the world competing for the title of Masters Champion and their share of a $1 million prize pool. The winning team of the 2024 VCT Masters Shanghai tournament takes home $350,000, while the runner-up pockets $200,000. The first Masters event of 2024, Masters Madrid, took place in March. Sentinels won that tournament, winning $250,000.

The teams involved in the VCT: Masters Shanghai are the top three qualifying teams from each of the four regions of the International League: VCT Americas, VCT CN, VCT EMEA, and VCT Pacific. The tournament is split into two parts, the Swiss Stage and the Playoffs. The eight teams who did not win their league were randomly seeded for the Swiss stage. To advance to the Playoffs, a team must earn two wins before losing two matchups. Each match in the Swiss stage is best-of-three. Four teams advance out of the Swiss Stage to the Playoffs. The Playoffs are double elimination through the Grand Final. The Lower and Grand Finals of the event are best-of-five matches.

Before we look at the betting breakdown for the Valorant Champions Tour 2024: Masters Shanghai event, check out the best esports betting sites to get started making the best Esports bets, and while you’re at it, take a look at our best Valorant betting sites. 

Valorant Champions Tour 2024: Masters Shanghai betting picks

To Win VCT 2024: Masters ShanghaiBovadaBetOnline ReviewBetUS Review
Paper Rex+360+360+360
100 Thieves+375+375+375
Fnatic+450+450+450
Team Heretics+550+550+550
Leviatan+600+600+600
Gen. G+750+750+750
Edward Gaming+1200+1200+1200
FUT Esports+1200+1200+1200
G2 Esports+1200+1200+1200
T1+3300+3300+3300
FunPlus Phoenix+7500+7500+7500
Dragon Ranger Gaming+15000+15000+15000

Paper Rex

The winners of the VCT: Pacific Stage 1 event, where they topped Gen.G Esports 3-2 in the Grand Final, Paper Rex are a small betting favorite to win the VCT 2024: Masters Shanghai tourney. Paper Rex finished in third place at the Masters Madrid event, losing to Sentinels 3-1 in the Lower Bracket Final. Last year, Paper Rex were the runner-up in the Valorant Champions 2023 event, losing to Evil Geniuses 3-1 in the Grand Final of that event.

The only roster change Paper Rex has made since the 2023 Champions event was moving Jinggg from substitute back to the main roster. He replaces Monyet, who moved to the reserve roster.

Since Paper Rex won the Pacific League, they get a bye in the Swiss Stage of this event.

Paper RexTO WIN VCT 2024: MASTERS SHANGHAI
★★★★★
+360
Bet now

100 Thieves

The winners of the VCT: Americas Stage 1 event, 100 Thieves, improved greatly from their performance at February’s America’s Kickoff event, where they placed 10th-11th out of 11 teams. The team fell short of qualifying for the Champions 2023 event when they placed 5th-6th out of seven teams at the Americas Last Chance Qualifier in July.

100 Thieves dominated G2 Esports at the Americas Stage 1 event, but the victory was the first for the team since they won First Strike in 2020. With that, one has to wonder if the team played over its head at the Americas Stage 1 tournament or if they have finally come together as a cohesive unit ahead of the Masters Shanghai event.

Like Paper Rex, 100 Thieves begin their play in this event in the Playoff Stage.

100 Thieves TO WIN VCT 2024: MASTERS SHANGHAI
★★★★★
+375
Bet now

Fnatic

The winners of the VCT: EMEA Stage 1 event, Fnatic, improved on their 3rd-4th place finish at the VCT: EMEA Kickoff event earlier in 2024. Fnatic had a strong showing at the Valorant Champions 2023 tournament, picking up $130,000 in prize money after their fourth-place finish. The team fell 2-1 to LOUD in the Lower Bracket Semifinal of that event, the same club that knocked them out of the Upper Bracket quarterfinals.

Of the betting favorites for the VCT: Masters Shanghai event, Fnatic has been playing with the same roster for the longest. The team has been together since late 2022.

With their win in the EMEA Stage 1 tourney, Fnatic begin play in the Playoff Stage of this event.

100 Thieves TO WIN VCT 2024: MASTERS SHANGHAI
★★★★★
+450
Bet now

Best bet to win VCT 2024: Masters Shanghai

Given their performance at the 2023 Champions event and how they played earlier in 2024, the betting pick is that Paper Rex will win the VCT 2024: Masters Shanghai event.

Paper RexTO WIN VCT 2024: MASTERS SHANGHAI
★★★★★
+360
Bet now

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Trent Reinsmith

Trent is a professional sports journalist specializing in UFC, MMA, and esports coverage. His work has been featured in prestigious publications such as USA Today Sports, Vice, Bloody Elbow, Fight! Magazine, UFC 360, and Narratively. Trent's connection to MMA dates back to the early days when he and his friends pooled their resources to purchase the pay-per-view broadcast of UFC 1. He also has extensive experience in esports, particularly League of Legends and Counter Strike, dating back to the game's launch.