The Rapiños (rah-pee'nyoz) were the most successful team during the 10 years of existence of the league, while collecting a total of five titles during their six seasons in the circuit.
Following an agreement between the Venezuelan Professional Baseball League and the LOBP, the interleague playoff games would be played immediately following the end of their respective 1957–1958 seasons.
After that, the Rapiños won three consecutive pennants to set a record of four titles in a row in Venezuelan baseball history.
A new opportunity arose when the 1959–1960 Venezuelan Professional Baseball League season was suspended due to a players' strike, and the Rapiños were invited to participate in the 1960 Caribbean Series.
Finally, the LOBP folded on December 3, 1963, due to economic pressure and internal conflicts, just one month later after starting the 1963–1964 season.