In my opinion not really. Personal elo doesn't matter because you can't win games by yourself. LoL is a team game no matter how good you are you still can't win against a decent team carrying an okay team. I tried to fight it but I couldn't do everything. Elo is all about luck. You can duo but if you get that one person who dc and you lose its reflected on your elo even though you can't help it. After that you maybe lose another game then your in that elo hell that everyone is talking about. Getting a good full premade is not that easy and winning against another good premade that's another story. So what I'm saying is don't judge a book by it's cover. It's all about luck!

While i agree to some degree, better players have a higher chance to carry games and get more elo than bad players who have a higher chance of throwing games. Im a pretty intermediate player and have a pretty moderate elo.

I completely agree with this. ELO is about 99% luck and 1% skill. A couple weeks back I was trying to get the Janna skin when I had nine games IN A ROW with an afk on my team. My ELO fell 150 points and I gave up on ever getting the skin. I don't care how good you are - the only way to win a 4v5 is if the enemy team has a feeder from hell.

Also before the end of season reset I had around 80 wins and 65 losses, but I had 1150 ELO. So it's bad enough that whether or not you win is complete random chance, but whether you gain 5 or lose 50 is also random chance.

Of course as sample size increases your variance decreases, so the more games you play the closer your ELO gets to representing your skill. Although the number of games you need to play for your ELO to reflect your true skill (with 95% certainty) is about 2400 games. But there are people who have only played 20 games, got lucky all 20, and are going to get a Janna skin.

Yeah, ELO is bull****.