Video games are inherently entertaining, but all those who play long enough, know that winning is so much fun. The healthy spirit of competition is at the cornerstone of eSports tournaments and keeps players motivated to excel. While professional players lock horns in huge competitions with prize pools worth millions of dollars, regular players can also participate in gaming tournaments for money.
eSports tourneys for real money are not very different compared to the biggest leagues, in terms of structure and game format. Individual players and teams participate in single or double brackets and try to be the last standing, by defeating all opponents. Those who fall in the winners brackets get a second chance in the losers’ brackets. Other eSports tournaments for real money have a direct elimination format, so one defeat causes the untimely end of the adventure.
Buy-Ins and Prize Pools in Gaming Tournaments for Money
The biggest eSports leagues have prominent sponsors and millions of people willing to pay for a chance to watch the matches live. This is their main source of funding and the results speak for themselves, with tournaments such as Dota 2 The International surpassing $20 million. Regular gaming tournaments for money will require participants to pay an entry fee. Based on how many people sign up and how expensive the buy-in, the prize pools can be bigger or smaller.
There are several online platforms hosting such tournaments and all popular video games are covered. A very important decision that players need to make is to choose a popular platform, with enough active members. These are capable of hosting large tournaments and usually offer significant payouts to the most successful players. In order to attract more people to the events they host, organizers frequently run eSports tourneys with guaranteed prize pools.
If more money is collected, the prize pool grows, but at least players can rest assured that they won’t be competing for nothing. Depending on the magnitude of the platform hosting the tournaments, as well as the popularity of the games, the events can take place on a daily, weekly or monthly basis. Players are usually given the heads up so they know when the next tournament starts and can sign up. Additional information is provided in regard to the guaranteed prize pool, number of participants and structure.