With the growth of the eSports market, there are more and more great opportunities for people who want to make money. Massively competitive games, such as Counter-Strike: Global Offensive or League of Legends, gather large audiences and, as a result, significant amounts of money. Nowadays, you can find the best comparison for online betting sites and start making money by playing video games or place bets on eSports via gambling platforms.
Moreover, you don’t need to be a professional eSports player to get a piece of the pie. If you want to learn more about the eSports industry and how to make money in it, read on.
Earnings from Streaming
Streaming is the most common way to make money in cybersports. The most popular streamers earn thousands of dollars every month playing games like Dota 2, CS: GO, PUBG, and others. Right now, many video game streaming platforms such as Twitch, YouTube, and others are available.
Streamers create communities by interacting with viewers. To do this, it’s important to promote yourself through social media and your website. Fortunately, there are many guides on how to become a successful streamer, you can study them and start taking action. Also, aspiring streamers can get some ideas about promoting themselves from this article.
Betting on eSports Tournaments
Betting on tournaments is one of the oldest ways to make money in cybersports. When you bet on cybersports, there are two types of bets: match bets and event bets. You can bet on a match by guessing the winner of a single match between two teams. An event bet is when you predict the winner of a tournament (or part of a tournament).
There is one major advantage to betting on eSports tournaments rather than individual matches. If you bet on a single match, you are betting against another person who is doing the same thing. But if you bet on a tournament with multiple participants, your chances of winning are much higher. This is because you can place multiple bets on different teams and increase your chances of winning. If you want to make money on eSports tournaments, you should try betting on bigger events with more participants, like DreamHack Masters or The International.
Earnings on Bets
If you are interested in betting on eSports matches, you need to know what is legal and what is not. Illegal bets are not very safe because they are often under the control of miscreants, whereas legal bets have many advantages. You have a better chance of winning because the odds are calculated by experts. Legal bets are also completely safe because they are regulated by the government.
Making Money from Advertising
The eSports industry provides many opportunities for advertisers. Tournament organizers can provide event sponsors with exclusive advertising space on the stage where they hold their tournaments. Moreover, they can also place advertisements in live broadcasts from the tournament venue.
Earnings from Sponsorships
Sponsorship is an agreement between a company and a specific player or team. Under such an agreement, a sponsor gives money to a person or group who uses their name on their clothing, equipment, or social media accounts. This relationship usually lasts until the end of the specified contract or until one of the parties decides to terminate it.
Every sponsor values the reach of their advertising. Therefore, they usually pay more to players who can promote their products to a wider audience. For example, if a sponsor wants to advertise in the English-speaking market, they will probably pay more money to an English-speaking professional player than to a Russian one.
Buying and Selling Skins
It is hard to imagine how in-game skins can make money; however, there are many sites that exchange skins for real money. You can also sell them and get real money for them.
Working in the eSports Industry
You can make money in cybersports even if you don’t have professional gaming experience. There are many different jobs that require varying degrees of experience and knowledge in different aspects of the industry. These jobs include writing news or analyzing certain industry events, creating content marketing materials for games or companies, designing projects, writing game reviews, etc.
Summary
As you can see, there are many ways to make money from cybersports, and you can choose the one that suits you best. If you’re a great gamer, you can choose a place to stream and share skins. But if not, other opportunities such as betting, advertising, and sponsorship also work.