Moreover, you can use your status in the chess world and online profile to get sponsorships from chess-related companies. It’s an investment in your knowledge because once you win tournaments and coach others, you’ll earn that money back exponentially. If you need help winning at chess, consider hiring a coach to help you elevate your skills. However, beginners and chess experts can earn money by playing chess in tournaments or online, teaching in local schools, etc. Tips For Successfully Earning Money From ChessĬhess is one of the most famous sports in the world undoubtedly, chess tournaments of grandmasters from around the globe have prize money of thousands of dollars. You might also like to read about the 12 Greatest Chess Players of All Time (2023) You can help students of any age or even coach people who want to become professional chess players. Coach: While you might teach more than play, being a coach is a great way to make money using your chess skills and knowledge.As with sports betting, you can make different bets depending on the winner, the pieces left on the board, and the game’s duration.

Bet: Betting on chess means you need to predict the outcome of a game.

You can participate in these events and get paid for your time and effort.

Give Performances: Many chess organizations host performances like exhibition matches and simulations for other players.

If you have an impressive social media following, you can pitch campaigns to your favorite brands to earn money and get free goods. These businesses may reach out to you to promote their products and services.

Get Sponsorships: You can use your status in the chess world and online profile to get sponsorships from chess-related companies.

Earn Scholarships and Stipends: Students who play chess can get money in the form of scholarships and stipends for school.

You can find games with payouts for the top three scorers, increasing your chances of winning prizes. The world champion can win over one million, but even other matches have big prize jackpots.

Win Prize Money: Playing chess tournaments allows you to win big money.

Breakdown of How to Make Money Playing Chess

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