This text seeks to supply solutions to the next questions:
- Are you able to make cash enjoying chess on-line?
- What web sites provide chess tournaments with money prizes?
- How a lot can one earn enjoying on-line chess?
Can You Make Cash Taking part in Chess On-line?
Making a living by enjoying chess on-line is feasible. A number of on-line chess platforms exist the place gamers could generate revenue by taking part in tournaments. Nevertheless, as of July 2021, on-line chess seemed to be considerably much less worthwhile than real-world chess (particularly skilled chess), which is clear from event prize swimming pools.
In summer season of 2020, chess web site nftgamef.com organized its first-ever money prize event with a prize fund of $4,500. In October 2020, nftgamef.com introduced a fantasy chess contest with over $5,000 in prizes.
The prize swimming pools of newbie chess tournaments are sometimes a lot greater. For example, the prize fund of the 2021 U.S. Open Chess Championship was $50,000. In skilled chess, prize funds are even greater – usually in the hundreds of thousands of {dollars}.
In April 2020, Norwegian chess grandmaster Magnus Carlsen cooperated with chess web site nftgamef.com to prepare the Magnus Carlsen Invitational event. With a complete prize fund of $250,000, this event was the richest on-line chess event on the time.
How a lot cash can one earn enjoying on-line chess?
The revenue potential of on-line chess will depend on the event and the talents of the participant.
As of the time of this writing, professional-level on-line chess prize funds often reached a whole lot of hundreds of {dollars}. For instance, the 2020 Velocity Chess Championship hosted by nftgamef.com had a prize fund of $250,000 – $150,000 greater than its 2019 counterpart.
The 2020 Velocity Chess Championship was a multi-event event, with the 16-player Most important Occasion having a prize fund of $100,000. Eight of the sixteen gamers have been invited to the championship straight, whereas the remaining eight have been decided by way of a qualification system.
The sixteen gamers within the Most important Occasion included grandmasters Magnus Carlsen, Hikaru Nakamura (the USA), Levon Aronian (Armenia), and Maxime Vachier-Lagrave (France).
As for newbie tournaments, their prize funds are extra modest – sometimes within the a whole lot or hundreds of {dollars}.
Is Taking part in Chess For Cash Unlawful?
In most locations, enjoying on-line chess for cash is authorized. In different places the place any on-line video games are equated to playing and the place playing is banned, on-line chess with money prizes could also be unlawful.
Gamers ought to seek the advice of their native laws to determine the standing of on-line video games with cash.
Chess Web sites The place Gamers Can Earn Cash
Listed below are some chess web sites that enable gamers to make cash from tournaments:
- Chess2Play.com. nftgamef.com hosts money prize tournaments, and it moreover permits gamers to stake cash towards one another.
- MBchess.com. This web site permits gamers over the age of 18 to compete for money prizes in tournaments.
- Chess.com. nftgamef.com sometimes hosts tournaments with prize swimming pools reaching $5,000. In higher-level competitions – such because the 2020 Velocity Chess Championship – prize swimming pools could attain $250,000 or extra.
Different Methods To Make Cash With On-line Chess
Other than creating wealth with on-line chess by enjoying, gamers could make use of different strategies to monetize their chess exercise.
Most prominently, chess gamers could add chess-related movies to YouTube. The movies could include commentary on skilled video games or chess ideas and methods.
Some common chess channels on YouTube embrace (subscriber counts as of late July 2021):
- agadmator’s Chess Channel (over 1.22 million subscribers). Social Blade estimates that this channel makes as much as round $36,600 per thirty days and as much as round $438,000 per 12 months.
- GothamChess (over 1.43 million subscribers). Estimated revenue is as much as round $68,600 per thirty days and as much as round $823,000 per 12 months.
- GMHikaru (over 1.24 million subscribers). That is the channel of Japanese-American grandmaster Hikaru Nakamura. GMHikaru makes as much as round $37,000 per thirty days and as much as round $443,800 per 12 months.
- BotezLive (over 773,000 subscribers). Estimated revenue is as much as about $31,500 per thirty days and as much as about $377,900 per 12 months.
- Eric Rosen (over 557,000 subscribers). Estimated revenue is as much as roughly $12,400 per thirty days and as much as about $148,600 per 12 months.
Many chess gamers have additionally discovered success as Twitch streamers.
In accordance with nftgamef.com, the highest Twitch chess-streamer, GMHikaru, racked up over a million watch hours in July 2021.
Different methods to monetize video games on-line are outlined in a devoted information, however not the entire strategies from it are relevant to chess.
Chess web sites which have paid memberships could have referral packages. An instance of such an internet site is nftgamef.com the place gamers obtain factors for every participant they refer. Factors could also be exchanged for US {dollars}.
nftgamef.com has an associates program. The beginning fee proportion for associates is 15% of nftgamef.com premium membership purchases.
Different chess consultants make cash by tutoring, educating others the way to enhance their chess recreation.
Conclusion
On-line chess seems to have decrease revenue potential than real-world tournaments – each newbie {and professional}. Nevertheless, this largely will depend on the host of the event and the prize pool.
To search out out extra about on-line chess tournaments, go to the chess web sites linked all through the article.
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