Does anyone know if there are any sites by which I could play chess professionally and earn money similar to gambling sites or online poker sites ??
I highly doubt that there exist one. If it would exist, it would be full of sandbaggers or engine players. There is no way to verify who exactly plays the game. You, or your Stockfish/Houdini/Rybka/.
So even if you are GM, you most probably will lose money.
As others have mentioned, there is no genuine site to make real money because it's so easy to cheat online by using chess engines.
The closest thing to "money" would be "ducats" as allowed on the Playchess server. Playchess has strong algorithms that can detect if you are cheating (i.e. using a program), so it is a pretty legitimate way of making "money". Ducats can be used to
- play against grandmasters or to pay for private training.
- buy ChessBase products.
So, if you're really good and win a lot of ducats, you can earn yourself some nice material from the Chessbase Shop, which includes chess DVDs, magazines, programs, etc.
chess online money
Did not find a single serious site. Too many cheaters, too strong engines!
Earlier, I mentioned finding this site:
but after logging in and trying it out...it was empty / filled with bots.
There is this site chesscube.com which has their own currency called Crowns which can be redeemed for cash or merch .
Earning Crowns requires you to participate in their online rapid tournaments .
If you use engines then they will be able to catch you.
But its very tough if you are not a professional :/
I am a USCF master and FIDE Master. The most legitimate place to play online chess for money is www.velocitychess.com
VelocityChess is a new professionally run chess website. One of its features allows you to wager "vChips", which you can redeem for cash or cash-equivalent gift cards.
The anti-cheating security against engine-use and sand-bagging there is WORLD CLASS.
Furthermore, you are fully refunded your vChips if your opponent is caught cheating.