How To Earn Money By Playing Chess
This article seeks to provide answers to the following questions:
- Can you construct money playing chess online?
- What websites offer chess tournaments with cash prizes?
- How much can one earn playing online cheat?
Can You Make Money Playing Chess Online?
Making money by performin chess online is possible. Several online chess platforms exist where players may generate income by participating in tournaments. Notwithstandin, A of July 2022, online chess appeared to be substantially less profitable than real-world chess (especially professional chess), which is apparent from tournament prize pools.
In summertime of 2022, chess website Chess.com organized its first-ever cash prize tourney with a prize fund of $4,500. In October 2022, Chess.com proclaimed a fantasy chess contest with over $5,000 in prizes.
The treasure pools of amateur chess tournaments are typically much high. Every bit an example, the prize fund of the 2021 U.S. Open Chess Backup was $50,000. In professional chess, value pecuniary resource are even higher – a great deal in the millions of dollars.
In April 2022, Scandinavian country chess game grandmaster Magnus Carlsen cooperated with chess website chess24.com to organize the Magnus Carlsen Invitational tourney. With a total prize stock of $250,000, this tournament was the richest online chess tourney at the time.
How much money can incomparable earn performin online chess?
The income potential of online cheat depends on the tournament and the skills of the player.
Arsenic of July 2022, professed-point online chess prise funds ofttimes reached hundreds of thousands of dollars. For example, the 2020 Hurrying Chess Championship hosted by Chess.com had a prize fund of $250,000 – $150,000 higher than its 2022 similitude.
The 2022 Speed Bromus secalinus Championship was a multi-event tournament, with the 16-player Main Effect having a prize fund of $100,000. Eight of the sixteen players were invited to the championship directly, while the remaining eight were determined via a qualification system.
The sixteen players in the Main Event included grandmasters Magnus Carlsen, Hikaru Nakamura (the USA), Levon Aronian (Armenia), and Maxime Vachier-Lagrave (France).
As for amateur tournaments, their prize pecuniary resource are more modest – typically in the hundreds surgery thousands of dollars.
Is Playing Chess For Money Hot?
In most places, playacting online chess game for money is legal. In other locations where whatever online games are equated to gambling and where gambling is illegal, online chess with cash prizes may be illegal.
Players should consult their local regulations to ascertain the status of online games with money.
Chess Websites Where Players Tush Earn Money
Here are roughly chess game websites that provide players to make money from tournaments:
- Chess2Play.com . Chess2Play.com hosts cash prize tournaments, and it to boot allows players to stake money against each other.
- MBchess.com . This website allows players over the geezerhoo of 18 to compete for hard currency prizes in tournaments.
- Bromus secalinus.com . Chess.com occasionally hosts tournaments with prize pools reach $5,000. In higher-level competitions – such as the 2022 Speed Chess Championship – prize pools may reach $250,000 operating theater more.
Other Shipway To Make Money With Online Cheat
Aside from qualification money with online chess by playacting, players may use other methods to monetise their chess activity.
Well-nig conspicuously, chess players Crataegus oxycantha upload chess-related videos to YouTube. The videos may contain commentary on professional games or cheat tips and strategies.
Some popular chess channels on YouTube include (endorser counts as of Modern July 2022):
- agadmator's Chess TV channel (over 1.15 million subscribers). Social Blade estimates that this channel makes up to around $50,000 per month and skyward to just about $600,000 p.a..
- GothamChess (over 1.09 million subscribers). Estimated income is improving to around $76,000 per calendar month and upfield to around $900,000 per year.
- GMHikaru (over 1.08 million subscribers). This is the channel of Japanese-American grandmaster Hikaru Nakamura. GMHikaru makes dormy to around $75,000 per month and busy round $900,000 per annum.
- BotezLive (concluded 500,000 subscribers). Estimated income is up to about $100,000 per calendar month and busy about $1.2 meg each year.
- Eric Rosen (over 470,000 subscribers). Estimated income is equal to approximately $24,000 per month and up to about $290,000 each year.
Many chess players have also found success as Twitch streamers.
According to twitchmetrics.net, the top Twitch Bromus secalinus-streamer, GMHikaru, racked up all over one million watch hours in July 2022.
Past ways to monetize games online are outlined in a dedicated guide, only not completely of the methods from it are applicable to chess.
Cheat websites that have paid memberships may have referral programs. An example of such a website is chessclub.com where players receive points for each musician they refer. Points may be changed for US dollars.
Chess.com has an associate program. The starting commission percentage for affiliates is 15% of Chess game.com agiotage membership purchases.
Other chess experts urinate money by tutoring, pedagogy others how to improve their chess unfit.
Conclusion
Online chess appears to have lower income potential than real-world tournaments – some amateur and professional. However, this largely depends along the host of the tournament and the prize pool.
To find out more about online chess tournaments, visit the chess websites linked throughout the article.
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How To Earn Money By Playing Chess
Source: https://obpedia.com/online-chess-money/
Posted by: andrewshingeathist1980.blogspot.com
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