Introduction to Twitch
Twitch is a live streaming site where people broadcast themselves playing games and if the person who is watching agrees with the broadcaster on a chat box, they can click on an emote to send them “bits” which are animated emotes that viewers use to “cheer” their favorite gamers. The more bits someone gets for their channels, the higher up they can place in different categories of Cheering and get certain colors and badges as well as becoming partnered or affiliated with Twitch.
Twitch Affiliates and Income
Making money though streaming is become more and more popular. Being partnered or affiliated with Twitch has its benefits but it also comes at a cost however, because you cannot stream anywhere else except for your own page. While this doesn’t sound like much of a problem (because most major professional gamers, gamblers, and entertainers don’t want to give out their information and pay for other streaming sites), it has its downsides.
The biggest downside is that if you want to be able to cash-out using bits, there’s a small window of time to do so. This also requires you to have something like PayPal or Amazon Payments. This is because when Twitch started out with the money system, they used Paypal and split 50/50 with streamers (with Twitch taking their cut). Now, they use Amazon Payments which takes 25% of the total amount but gives direct access to USD without adding any fees whatsoever while allowing people who cannot get Paypal accounts to donate easily.
However, towards the end of last year til early this year, there were third party sites that began popping up, allowing gamers to cash-out their bits into real money without worrying about fees or waiting for approved Twitch Partnership/Affiliation. These third party sites give each gamer a certain percentage of their total amount tipped (minimum is $5) by cashing out the major ones like PayPal and Amazon Payments. They also allow gamers to deposit funds directly (mainly via credit card/debit card) without getting caught in the anti-gambling laws because all you’re doing is depositing bit amounts which are supposed to be tips instead of using it as money.
Gambling on Twitch
With this, there was a new boom beginning with “Twitch Slot Live Stream Gambling”. For those who do not know, slot machines (and gambling) are based on a simple principle; you pay money to get a chance of winning something in return. So while some people may think that slot machines and Twitch Slot gambling are the same thing, they’re actually not even close to being the same thing.
A New Form of Entertainment
The increasing popularity of Live Stream Gambling, brought along with it the option for people to bet with or against the gambling live streamers. Online casinos and other sites started working with Twitch streamers to promote their products and services, and the Twitch gambling/streaming industry has been growing in popularity immensely for the last few years.
One well-known example of a famous Twitch streamer/slot player is Roshtein, who has a huge following on Social Media and has also won some incredibly large jackpots while playing live.
Some of the most popular games when it comes to Twitch gambling are different types of slots. The reason for this is that the games are interactive, fun, and gives people a chance at winning big without putting too much money in.
The most famous gambling Twitch streamers – such as Roshtein – bet big, because this makes for more entertaining viewing, but for the viewers who gamble on the streamer, they are able to bet small or large amounts, as they please.
The Future of Live Stream Gambling
The future of gambling on Twitch is not clearly defined, because we don’t know whether or not there will be an increase in the number of casinos and betting sites allowing people to gamble through their platform. At the moment since the niche is growing, it seems likely, however regulation, or changing rules or legislation could easily turn this around.
For now, Twitch Slot gambling is here to stay and will continue growing in popularity until people get bored of it or changes are made.
If you’re interested in finding out more about Live Stream Gambling on Twitch, check out GamblersArea or jump on Twitch and follow Roshtein to find out how it all works before you take your chances with this new and exciting form of entertainment!
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Last modified: September 6, 2021