G2 Esports enters the LEC 2026 Spring playoffs as the consensus favorite at 51% implied probability, driven by roster continuity from their prior title-winning core and consistent high-level execution across international events. Karmine Corp sits second at 22% following a strong regular season showing and roster additions that have elevated their competitive ceiling, while Team Vitality at 15.4% has posted the best early record but faces questions about sustaining momentum in best-of-series formats. Movistar KOI at 11.5% benefits from proven upset potential against top sides, with GIANTX and Natus Vincere as longer shots reflecting their respective records and playoff experience gaps. Recent power rankings and standings underscore a competitive field where recent form and head-to-head trends shape trader positioning heading into the double-elimination bracket.