With the Esports market’s growth comes many excellent opportunities for people who are willing to use them. Massive competitive games like Counter-Strike: Global Offensive or League of Legends gather large audiences and consequently, significant sums of money.
Nowadays, earning money by playing a video game is a perfectly valid way to make a living. Nevertheless, you do not have to be a professional Esports player to get a slice of the pie. If you wish to learn more about the esports industry and how can one gain money in it, read on:
Streaming
Streaming is the most common way to make money in Esports. The most popular streamers earn thousands of dollars each month, playing games like Dota 2, CS: GO, PUBG, or others. Many video game streaming platforms are available right now, like Twitch, YouTube and more.
The most successful streamers are good, if not great at the game they’re playing. They also build a strong community by interacting with viewers. Finally, it’s essential to promote yourself through social media and your website. Fortunately, there are many guides on how to become a successful streamer, so you can read one of them to help you succeed. Also, aspiring streamers can get some ideas about promoting themselves from this article.
Betting
If you are interested in betting on Esports matches, you need to be aware of what’s legal and what’s not. Illegal betting is not very safe because it is often under the control of malicious individuals, whereas legal betting has a lot of advantages. You are more likely to win because the odds are released by experts. Legal betting is also completely safe because it is regulated by the government.
Advertising
The Esports industry provides plenty of opportunities for advertisers. Organizers of tournaments can provide event sponsors with exclusive advertising space on the stage where they host their tournaments. Moreover, they could also place ads in live streams broadcasted from the tournament venue. By doing so, they could significantly increase their revenues.
Sponsorship
Sponsorship is an agreement between a company and a specific player or team. In such an agreement, a sponsor gives money to the person or group who uses their name on their clothes, equipment, or social media accounts. This relationship usually lasts until the end of a specified contract or until one of the parties decides to cancel it.
Every sponsor values the reach of their advertisement; therefore, they usually pay more to those players who can promote their products to a larger audience. For example, if a sponsor wants to advertise in the English-speaking market, they would probably pay more money to an English-speaking pro gamer than they would to a German one.
Buying and Selling Skins
It’s hard to imagine how gaming skins can bring money; however, there are many websites that trade skins for real money. It’s also possible to sell them back for money and get some profits out of them.
Betting on Esports Tournaments
Betting on tournaments is one of the oldest ways to make money in Esports. There are two types of bets when you are betting on esports: match and event bets. You can make a match bet by predicting the winner of a single match between two teams. An event bet is where you predict the winner of a tournament (or portion of a tournament).
There is one significant advantage of betting on Esports tournaments instead of individual matches. If you bet on a single match, you are betting against one other person who does the same thing. However, if you bet on a tournament that has multiple participants, your chances of winning are much higher. This is because you can place multiple bets on different teams and increase your chances to win. If you want to make money betting on esports tournaments, you should try to bet on bigger events with more participants like DreamHack Masters or The International.
Working In The Esports Industry
It’s possible to earn money in Esports even if you don’t have any experience in playing games professionally. There are many different jobs that require different degrees of expertise and knowledge in various aspects of the industry. These jobs include writing about the news or researching why certain things happened within the industry, creating content marketing material for games or companies, designing graphics for digital assets such as flyers or posters, writing game reviews, etc.
Investing In Online Gaming Betting Sites
Did you know that you can invest in online gaming betting sites? If you want to start investing in online betting sites, you should visit our online casino to find out more about how they operate. When researching, you need to get an idea of how to identify scammers’ sites and how to make sure that they are safe before handing over your money. Also, you will get information about the main risk factors involved in betting site investment and how to avoid them effectively if possible.
Bottom Line
As you can see, there are many ways to make money from Esports and most important of all, you can choose the one(s) which work best for you. If you’re a great gamer, then streaming and trading skins might be the options for where. But if not, then the other avenues like betting, advertising and sponsorships work just as well.
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