How can you earn money as a chess player

The first and most obvious is performance in tournaments. Someone who has achieved great mastery in chess and can compete with strong chess players for first places will certainly have an income.

Additional ways to earn money as a chess player include:

• work as a coach;
• work as a second (assistance in preparing a chess player for the tournament - sparring matches, home preparations, game analysis);
• simultaneous play sessions;
• lecturing;
• commenting on games;
• writing chess literature;
• work as a judge at tournaments;
• playing for clubs.

Another interesting way to earn money is working with advertisers. But this is more relevant for the TOP chess players in the world. For example, Magnus Carlsen, the world chess champion, earns $2 million a year from advertising through contracts with a clothing manufacturer, an investment bank, a law firm, and a publishing house.

Invitations to tournaments can also bring additional income. Some tournament organizers, in order to raise the prestige of the event, pay strong grandmasters travel, meals, accommodation at the tournament, and sometimes even a certain amount, so that this chess player attends their tournament.

In any case, if you reach a high level in chess, then you can definitely find a use for yourself.