How To Make Money On Esports? – An Ultimate Guide To Business

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Posted: January 26, 2024

Updated: January 26, 2024

  • How to bet on esports online?
  • Can you make money with gaming?
  • How to make money on esports?

There are many different ways in which we can learn how to make money in esports. However, each comes with its form of work. If you are immersed in this community, you can enjoy esports in different aspects. Then it’s time to manifest it into something valuable, and sell it! Alternatively, you can also just place bets on your awesome match predictions!

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Today we are going to teach you how to make money on Esports. We have collected every single category in which you can realistically make money out of playing or at least being involved in video games. Keep in mind that making money out of your hobby is always hard. And one must show persistence and consistency with any content and performance they make. However, we believe that it has been proven countless times that people can be successful in the industry.

If you are interested in the easy path, then all you have to do is register at the online sportsbook sites in the US. Betting on esports is not a guaranteed profit. However, if you have a knack for predicting games successfully? Why wouldn’t you bet on the world championship? As long as you can afford it, it can be pretty nice! But always expect to lose.

Introductions To How To Make Money On Esports

Let’s begin with a quick introduction to the world of making money out of video games. Before we begin, there is one important thing to realize. While the world of esports seems like a dream as a consumer. When you are on the selling end, it gets much more complicated than that. You have to make a timeframe, and if someone doesn’t enjoy what you do, then you will have to switch the game you are interested in.

Often, you will have to treat this as a full-time job with serious documentation and taxing too. But if you already know this, then you are in luck! Because it is a rewarding industry. Furthermore, you can take a look at the best esports betting strategies to start betting without starting any business. For that, you can easily join VAVE Sportsbook!

how to become an esports pro player

Becoming An Esports Pro

The first thing that comes to our mind about esports and money is becoming professional. This is something we only recommend for those who are truly dedicated to joining the pro scene. This will include much more things than just playing the game. Because becoming one of the top 100 players is a requirement and not a skill here. You will have to travel to tournaments, grind your reputation, network with people, and market yourself.

Once you get hired by an eSports organization, even then the contract will require you to move places and to actively work out to be on top of your health with potential diets. We have seen esports champions losing their spot due to dating instead of practicing. This is the best way to learn how to make money on esports. But not the only one!

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Streaming Games – How To Make Money On Esports?

If you are not a professional player, but you are good enough with an extrovert personality. Then streaming might be just your thing! Sure, sometimes you will have to do awkward things, like shouting or breaking things. But it did pay out for xQc! According to StreamYard, with 100 average viewers, you can take home between $1000-$1500 to home. We have dedicated a whole article to teaching you how to stream esports games.

But keep in mind that this is the most schedule-heavy. You must be able to show your face in high quality, with a great microphone. Furthermore, sometimes you will have to do things for the content. Streaming needs a given attitude and creativity, with sometimes no sense of shame. But in the long run, you might just become a millionaire with it.

How to stream esports?

Create Digital Content

If you have solid opinions, and you are always that guy in your gaming group who knows the news and facts about esports, then welcome! We are too! Maybe writing or creating digital content is your passion! You can create your blog, you can make YouTube videos, snippets, and highlights from streamers (with their consent), and much more! Creating digital content is probably one of the best ways to start understanding how to make money on esports. There is a learning curve though!

According to Eleven Writing, search engine optimization and clever writing are not enough. However, if you do enough content, in time you will be able to get money out of sponsorships, affiliate marketing, and partnerships altogether! Create original and up-to-date content and you will break into the big ones.

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Investing – How To Make Money On Esports?

We also have a guide to explain how to invest in esports! But it is an introduction to finances. Here, we seek to elaborate on the general idea of how to imagine investing. Most eSports teams and even organizations are not run by the players. They all have owners, marketing and PR teams, personal trainers, coaches, and a lot of people involved. Most of the time, some big company seeks to create their esports team, hoping the team can win tournaments, and of course, generate sales through in-game valuables, art, merchandise, and much more. 

You can give them a large portion of the money. Once they become big, you will be promised to receive your money back in higher value. There are risky and non-risky investments, and unless you are a financial professional, it is pretty much gambling. However, you can study market research to make good decisions.

how to invest money in esports organizations

Selling Merchandise

This is probably one of the most satisfying markets. However, to learn how to make money on esports merchandise, you have to understand the terms of the company. You are making dolls out of Baldur’s Gate 3 characters? Perhaps you are selling art commissions for Dungeons & Dragons? Maybe you sell art and portfolio art of League of Legends pros? No matter what you do, you have to agree with the organization. According to the Stanford Fair Use, the four fair use factors are:

  • The intentions and effects of your use
  • The characteristics of the copyrighted material
  • The extent of the material used
  • The impact of your use on the market

But worry not! You can write an email to companies, show them your work, and ask for a partnership in which you might be able to sell your wares officially too! Determination is the key here.

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Betting On Esports

Let’s move back to the original topic, esports betting. This is a strange way, and to understand how to make money on esports, perhaps you should look at betting differently. No, we do not recommend you to risk your life savings on bets. We recommend you stay responsible and always be gambling-aware. However, there are indeed little side-bets you can make, which might not be obvious to the bookies but can be obvious to you.

Rare, but if you scout them in your free time, you might be able to make valuable decisions. But nothing is granted, thus this can be even smaller than a side hustle. More like a hobby or habit, as long as you can afford it from your excessive income. Register at VAVE Sportsbook to bet on esports today!

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