Sven - This is going to be absurd! (Updated 10/19/12)

******ed build, you have no way of getting any early kills with Armlet and Helm. I go for the MOM and I get at least 3 kills until min 15, and from there on - snowball full speed.

In the roaming Sven build consider adding an URN as an optional item...6 strength = 114 HP, 50% mana regeneration, both are stats that Sven loves and since you are ROAMING you should get a few charges off giving guarenteed 150 damage over time on an enemy or 400HP regen on yourself or an ally and it costs only 875 gold, it's my first choice preference for a gank sven, followed by Treads/phase and force staff(more utility and stats than a blink, easier build up), and if I'm doing well and no one else is getting it a Drum of endurance!

I also build sven as a late game carry, I actually use this exact skill build. I was surprised to see someone else get cleave early like I do! GREATLY increases his farm potential right when you want to be in the jungle. Do have some differences in item builds though, I go bracer, treads, drum, bkb, MoM, Heart, Daedalus. After that, the game SHOULD be over, but i'll sell MoM and drum for AC and Mjollnir if I have to. Reasoning: drum gives VERY early stats which pretty much take care of the majority of your mana problems. (just don't be spamming your stun on creeps ;) i'll normally have drum treads by about 12-13 minutes in the game, which by then i'll be level 8 or 9 so I have some levels in cleave and can go jungle to get my bkb. FAST bkb for early teamfight potential then get MoM. MoM really helps farm with the lifesteal and extra MS/iAS so you cna get a fast heart (normally have treads drum bkb by 20 min, and the heart by 30-32 or so.) Heart gives so much strength and HP making it a mandatory item on sven. Then of course getting the daedalus for those 2k crits and it's honestly gg right there.

Mask of Madness is nice, I used to have it in this build, but I feel that Helm of the Dominator is more useful because you can dominate a creep, and use it to stack ancients while farming elsewhere or contributing to team fights, then when you're ready with a 3 or 4 stack of ancients, you can kill them using your cleave and lifesteal to get a big boost of experience and gold. Mask of Madness decreases his carry potential late game because of the 30% additional received damage. Having a Satanic instead will greatly increase his carry potential instead and it builds out of his Helm of the Dominator.

I don't think battlefury is very good because it adds bonus damage, no strength to benefit from his God's Strength, and while additional cleave is nice, he already has 70% which is huge.

This build is a late game carry build for sure and you definitely want to have a team with a strong early and mid game to succeed with this build.

For a carry Sven, you should definitely at least discuss the benefits of replacing Satanic with Mask of Madness. MoM is under a third of the price and its active, combined with Sven's ultimate, provides you with MONSTROUS DPS. It also gives you lifesteal a lot sooner than in your build.

Here are some ideas on building Sven around MoM:

• Combining MoM with Armlet provides you with huge early-mid game power and they stay relevant into late game.
• I agree that BkB is core, as you don't want to be interrupted once you've activated MoM.
• With the MoM and Armlet actives, you won't need to invest in a Hyperstone to boost your DPS, unless you're going specifically for AC. Instead you can focus on durability or damage.
• For durability, Heart or Assault Cuirass work well.
• But for raw damage, Daedalus is immense. Combined with your item actives and ultimate, you can wipe a group in no time and you get huge healing spikes with lifesteal.

So in summary, I don't think you should invest in Satanic and AC for lifesteal and attack speed, when MoM gives you both for 1900. A mid game core of Armlet > MoM > BkB lets you get Daedalus sooner. Of course, this is generalised and AC and Satanic may work better in some cases.

Also, I don't mean to be picky, but you say that Battlefury is not needed on Sven. But it can be a great item to build early-mid game, because the cleave damage stacks with Sven's passive cleave damage. So when Great Cleave is maxed, you will have 105% cleave damage instead of 70%. Just something to mention.

Taken into consideration and I made a build I feel would be ideal for a roaming Sven. I hope for some feedback.

Hmmm your build depicts a carry Sven, Usually gank svens will go phase boots drum bracer and maybe bottle or soul ring. Create two builds, one for carry and one for roam.