Now I know why eSports prize pools go over millions of dollars!

[ruthwithers1980]

Some eSports players became richer than some famous sports icons just by winning huge esports tournament prize pools!

https://www.bitcoinsportsbetting.co.uk/news/how-come-esports-prize-pools-go-over-millions-of-dollars/

[eternalgloom]

It is kind of interesting that esports basically have a unique way to increase tournament prize pools, simply by using the sales from within the games itself.
This makes it really unique when you compare it to physical sports tournaments.

I totally wouldn't be surprised if esports becomes more popular than regular sports one day.

[milewilda]

It is due to the popularity of the game world wide since Dota 1 was already famous before with their online server using Garena. Since valve made the Dota 2 the popularity of it to the older player who tend to play Dota 1 before was gaining too much attention to the society. Which it makes more famous because people around the world who loves that game was so eager to watch the live game just like an Olympic sports.

[BitBustah]

It all depends on how popular the sport is among the viewers.  This is where all the advertisement and sponsorship money comes into play.  For example the WNBA actually loses money because very few people even watch it and the budget is subsidized by the NBA.

[semobo]

Need to be lucky as well,if you want to be one among those richest gamblers.But don't get any intention to be one most likely it is not possible to happen anyway so just do if you can and see what you can make from it.

[harizen]

Dota 2, LoL, Fortnite and CS:GO are some of the top games that bring out the hype in Esports industry. These are one of the factors why game companies able to achieved a successful crowdfund. And with the birth of PUBG, which is no doubt turned out to be one of the most playable games since it's inception, it does contribute more to the exciting environment in Esports world.

Need to be lucky as well,if you want to be one among those richest gamblers.But don't get any intention to be one most likely it is not possible to happen anyway so just do if you can and see what you can make from it.

Luck is just a side factor in Esports. The competition is all about strategy.

[leowonderful]

This particular article didn't mention much about CS:GO, but for items like stickers sold during the majors, 50% of the proceeds raised during sales for the items go towards the included players and organizations. The prize pools for all esports tournaments have been going up over the past few years, and it's pretty pronounced in a game like CS:GO- sometime around 2015-2016, Valve raised the prize pools of CS:GO Major tournaments from $250,000 to $1 Million. Popularity's absolutely a big factor for why the prize pools for esports like CS:GO are higher than others too.

[passwordnow]

I'm a fan of esports since the earliest of Dota 1 and I've been playing it too. I've witnessed those tournaments that has not so large pool prize but now it has changed. Because of the new meta and the game play has changed too, millions of users supporting the game itself by buying those in-game items that can provide the prize for the yearly tournament. Kuroky was one of the richest e-sports player before it was Dendi few years ago but due to the increase yearly prize pool, Dendi was out of the top though he's still rich.

[shield132]

I understans how funding works here but still have this question, why are prizes so huge? Dota had 25 million usd and now as I see fortinite is going to fund 100 million usd. The reason of why I still have this question is that I don't know how others can enjoy esports over playing football, basketball, tennis and so on. It's amazing when you see messi's dribling, it's rewlly exciting but when I see dota, I have no idea how these people enjoy it, that seems very boring for me, it has poor graphics and so on.
Don't get it wrong, I just stated my opinion, don't judge anyone.

[Oceat]

Dota 2, LoL, Fortnite and CS:GO are some of the top games that bring out the hype in Esports industry. These are one of the factors why game companies able to achieved a successful crowdfund. And with the birth of PUBG, which is no doubt turned out to be one of the most playable games since it's inception, it does contribute more to the exciting environment in Esports world.

Need to be lucky as well,if you want to be one among those richest gamblers.But don't get any intention to be one most likely it is not possible to happen anyway so just do if you can and see what you can make from it.

Luck is just a side factor in Esports. The competition is all about strategy.

It is not just a strategy game just like chess and other board games it is also a team fight which brings the best of these players to compete with another great team. Gaming experiences today is being pushed to a new futuristic way so that it will bring more fun and amazement to the players with the great view that they see. Esports is really evolving with the help of Valve Corporation and other biggest companies.

With these in-game items, people tend to buy lots and lots of them for the sake of looks rather than their performances.

[crzy]

Need to be lucky as well,if you want to be one among those richest gamblers.But don't get any intention to be one most likely it is not possible to happen anyway so just do if you can and see what you can make from it.

Better to have your own goals than thinking about how to become lile them. Many rich people are on the Esport betting, and they are able to raise that kind of money because they already have money for that. Its truly profitable but still a risky one, luck is still there.

[leowonderful]

There's obviously luck involved in any sort of betting, but if you have good risk management you can mitigate losses and potentially make a profit. I've played CS:GO since around 2014 and I'm currently in the green overall betting on lower-tier competitions like ESEA Premier and Advanced NA playoffs matches as well as tier 3 matches and up. There's obviously no guarantee that you'll ever make a profit betting, but there are also methods like arbitraging that can make you a decent amount of money if executed properly.

[Oceat]

I understans how funding works here but still have this question, why are prizes so huge? Dota had 25 million usd and now as I see fortinite is going to fund 100 million usd. The reason of why I still have this question is that I don't know how others can enjoy esports over playing football, basketball, tennis and so on. It's amazing when you see messi's dribling, it's rewlly exciting but when I see dota, I have no idea how these people enjoy it, that seems very boring for me, it has poor graphics and so on.
Don't get it wrong, I just stated my opinion, don't judge anyone.

If you have been playing Dota 2 and purchased their battle pass yearly, you will finally understand it. To make it short, most of the main reason why the prize pool raise to that point is it's because most of the Chinese players are unbelievably purchasing lots of levels for their battle passes which helps them to fund for the prize pool.

https://variety.com/2018/gaming/news/the-international-2018-battle-pass-1202804348/

[ruthwithers1980]

Dota 2, LoL, Fortnite and CS:GO are some of the top games that bring out the hype in Esports industry. These are one of the factors why game companies able to achieved a successful crowdfund. And with the birth of PUBG, which is no doubt turned out to be one of the most playable games since it's inception, it does contribute more to the exciting environment in Esports world.

Need to be lucky as well,if you want to be one among those richest gamblers.But don't get any intention to be one most likely it is not possible to happen anyway so just do if you can and see what you can make from it.

Luck is just a side factor in Esports. The competition is all about strategy.

It is not just a strategy game just like chess and other board games it is also a team fight which brings the best of these players to compete with another great team. Gaming experiences today is being pushed to a new futuristic way so that it will bring more fun and amazement to the players with the great view that they see. Esports is really evolving with the help of Valve Corporation and other biggest companies.

With these in-game items, people tend to buy lots and lots of them for the sake of looks rather than their performances.

Right! Individual and group strategy coupled with strong items bought in-game (definitely the expensive items give better player boost) are big factors contributing to a team's chance of winning the eSports tournament. And if an esports bettor is smart enough to do some in-depth analysis of the opposing teams odds of winning, chances are he'll get better odds as well of winning on his bet.

[vit05]

"Valve takes 25% of Battle Pass sales and dumps them directly into the annual International prize pool, generating millions of dollars of additional reward for pro teams while amplifying the stakes for both players and viewers alike."

So, they take money from their online subscribers and use a huge amount to promote those tournaments. It makes senses. Because a lot of players will play thinking that one day they could be the champions. It is a great marketing strategy.

[maydna]

No wonder how they can get that prize pools to go over millions of dollars because they can easily gather all players in all of the countries to join with the tournaments. The game was too famous among the player, and they can compete with the other people so they can win the prizes. With only paying a small amount, the player can enter the tournaments. Besides that, with so many interesting offers from them, I guess many players will join, and they will want to buy something from the tournaments, and of course, this is an income for the developer which they can use to increase the prizes. They have applied good strategic marketing to reach more and more players to come to them, and this is work well for the tournament too.

[shoreno]

Need to be lucky as well,if you want to be one among those richest gamblers.But don't get any intention to be one most likely it is not possible to happen anyway so just do if you can and see what you can make from it.

Better to have your own goals than thinking about how to become lile them. Many rich people are on the Esport betting, and they are able to raise that kind of money because they already have money for that. Its truly profitable but still a risky one, luck is still there.

Rich gamblers are ordinary people before they achieve their success . they work to earn a cash and they use it as a capital to gamble  .  same from us . if our goal is to become rich thru gambling , we can also do it  we the help of esports or even other kinds of gambling that does not usually depend on luck  because they have a higher chance of winning .

[passwordnow]

So, they take money from their online subscribers and use a huge amount to promote those tournaments. It makes senses. Because a lot of players will play thinking that one day they could be the champions. It is a great marketing strategy.

True. Just here in my country too many aspiring players have been training and building their boothcamps. I've been involved in the old days of Dota (1) and it's completely different. Now that there's a support from the developer itself, creating minor and major tournaments that has bigger prize pool. This gives encouragement not just for the gamblers to stay focused on this game but most for the gamers to improve and aim higher that one day they'll be able to attend even one of these prestigious valve tournaments.

[davinchi]

For people who do not want to go into the article and read it and find the answer for this clickbait article. Valve uses 25% of all battlepass and so forth things income and put it on dota 2 prize pool and it was 25 million dollars (means valve had 100 million dollars in sale from the battle pass and still has 75 million after giving 25 mil to the prize pool).

Almost all places make money from micro transactions in these type of games, they could potentially make money from skins and so forth and get rich quicker but since the tournaments give them more returns and more PR and marketing etc etc it makes people play more and more and that is why spending 25 million on prize pool for dota 2 is actually a smart "investment" for valve since they wouldn't make even 75 million without the tournament.

[sheenshane]

You can't underestimate eSports Industry and be shocked by the massive prize pool they got for the tournaments only. I've been playing online sports since I was a child and I really understand how much the companies that are established to make games earn from their creations.

Gamers tend to expense almost everything with games because of their passion for playing it. I myself spend a lot of cash in playing games without realizing games took off my emotions and commitment. DOTA 2 has big profitability because the Defense of the Ancients is very famous MOBA games ever since. They are the pioneer of multiplayer games with strategies online so they earned a lot from it.  In the world, 5% of the people are gamers since the millennial generations.  And it will grow more and more without us noticing it.