The world of video games has grown from a small niche recreational pursuit, to one of the fastest growing behemoths in the whole entertainment industry. Lucrative to the point where gaming is now worth more than the music and film industries put together, the technological advancements around society means this is an upward trend that only looks to be growing further in the coming years.
And, thanks to the influx of huge partnerships from companies ranging from DHL to Coca-Cola that are now worth billions of dollars, gamers right around the world are now able to make money from their favourite titles and series.
Here are just a few of the ways in which you can take advantage of this blossoming industry and put your gaming knowledge to good use.
The industry around playing video games competitively, known as Esports, is now one of the most lucrative strands of the gaming community, with a whole host of titles establishing professional scenes that house plenty of ways of making money.
Games such as League of Legends, Counter-Strike: Global Offensive, Dota 2, Rocket League and Overwatch all boast richly stacked competitive calendars filled with events and tournaments that never fail to draw in hundreds of thousands of viewers and, thanks primarily to the aforementioned investment from third parties, come complete with prize pools that can range into the millions of dollars.
One look at the CS:GO, Dota or LoL odds at online wagering platforms such as Unikrn.com will show you just how popular wagering on these competitions has become for gamers and, for those with a strong knowledge of both the game and its professional scene, can be a good way of making some extra cash.
Just like real world sports betting, users stand the best chance of making money by flexing their knowledge of one particular game and really honing in on it. Take the time to really learn the ins and outs of a player, team or event and you’ll soon be able to identify where the real value underdog wagers and parlay opportunities lie.
The growth of Esports wagering and the technological formats in the gaming industry has also led to the invention of new ways of making money not possible in the real world.
One of the best examples of these innovations is the advent of skill gaming as a pursuit for gamers. Informal money matches and wagers between players in games such as Fifa have been commonplace in the gaming industry for years, with the stakes ranging from in-game purchases such as skins, heroes or players, to cold hard cash.
And whilst this format has proven to be the groundwork for more innovative forms of skill gaming, there’s no denying that they carry the threat of sharks, smurfs and hustlers that plenty of these games carry.
A way around that is by simply backing yourself in your favourite games and betting on your own performance. Esports betting experts Unikrn have created the world’s very first blockchain-powered house vs. player skill gaming mode that allows users to place wagers on their own performance in their favourite games.
The house will present players with challenges they must complete in their next game, which can range from simple things such as just winning a game to more specific choices such as destroying the nexus in a game like League of Legends, and will pay out to the user depending on their performance.
The trick with this is to have the knowledge of the game to a.) be good enough that you’re confident enough to back yourself, and b.) be smart enough to know the ins and outs of your own style and know where your money should be wagered in your performance.
For example: say you’re betting on yourself in CS:GO. Looking over your own performance and play style, you know that you’re best suited to playing as an AWPer with the sniper rifle. You use your knowledge of the game to conclude that the AWPer doesn’t typically have that many bomb plants across a series, so there’s very little point in backing yourself with that market.
These subtle nuances and crucial bits of know-how help eliminate the house edge, widen the odds so that they’re more in your favour and help improve the likelihood of a player stretching their money further.