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The video game industry is now worth billions of dollars, making it bigger than the film and music business combined. While multi-billion dollar corporations like Microsoft and Sony today dominate the video gaming business, many individuals have achieved a respectable living simply by playing video games for a living. The following is a brief summary of the various ways in which gamers may monetize their passion.

Gambling

One first-rate strategy for success and financial gain has to do with the concept of odds. To maximize your chances of winning, when playing casino games for real money it's ideal to pick an online game with favorable odds. But how can you tell which games provide your best shot of victory? The official RTP (Return to Player) % is clearly shown for each game. In the long run, this figure represents the percentage of wagers that are returned by the gaming site as winnings. The higher the return to player rate, the better your odds of winning.

Esports Tournaments

Millions of individuals all around the world now frequently wager on esports matches. In spite of the fact that betting on popular esports like League of Legends, Dota 2, and Counter Strike: Global Offensive may seem unfamiliar to those more accustomed to betting on traditional sports like football, several reputable bookmakers now provide odds on these events. This implies that you may make money with video games online in a way that was unimaginable only a couple of decades ago by betting on a top esports event like LoL Worlds or The International.

Streaming On Twitch

Celebrities in the gaming industry, such as iShowSpeed, have made millions off their Twitch and YouTube streams alone. It's likely that many of these will be live broadcasts so viewers can join in the action in real time, but many gamers have found success simply by posting humorous commentary films or video walkthroughs. The amount made will be established either by YouTube’s Advertising program or the Twitch Partnership technology, but on average professional broadcasters may expect to make hundreds and thousands of dollars every month.

Training Other Gamers

Now, let's talk about life after esports stardom. Well, more and more gamers are transitioning into teaching roles for newcomers. Also, several prominent figures in the world of esports, such as FaZe Banks, have become co-owners of professional gaming organizations in the hopes of boosting their profile and revenue. By taking this step, the industry is signaling that esports are here to stay and that professional gaming is more than simply a fleeting trend. Even though many people still don't take gaming seriously, it doesn't mean that lots of individuals aren't making a living at it.

Bottom Line

Video games are entertaining because they allow us to temporarily suspend our normal lives. When playing video games is no longer a hobby, but a means to make a living, the enjoyment and escape value of the activity decline. Want to spend all your time playing games? Don't rush into considering it as a professional path. It's possible that you'll come to regret attempting to use these strategies to monetize your gaming time.

These prospects are the greatest ones to make a living in the gaming industry at the moment, so if you're determined to push forward, here is where you should look. The aforementioned occupations are not the only ones available in the video game industry, but they do not need as much real game play.

Of course, you could always develop your own game and monetize it using traditional methods like sales and in-app purchases or advertising. However, creating a game takes a lot of effort and a different set of abilities than what you might be used to doing.