We've all heard the stories of the 24-hour internet cafe in many Asian countries, where Asian players would sit hours upon hours playing and practicing their video game perfection. Well truth be told if someone does something 5-10 hours a day they're bound to eventually become a master at it. But of course this is something everyone pretty well knows. I know get to the point right? Where does the economics come into play that allows Asian gamers to dominate.
Well the economics allows these gamers to dominate. For example, the average annual wage in China is 55,766.99 Yuan which is about $8,982 in Dollar terms. The average annual cost of living in China is around 33,601.76 Yuan (approx. $5,414.40). Now I won't go into the average hours of work because that's up for another debate. However, I will say that from a Asian gamer's perspective, winning a gaming contest dominated in dollar or euro currency can provide a tremendous benefit in life.
Winning $50,000 turns out to be equivalent to 310,437.50 Chinese Yuan which is 9 times higher than the cost of living in China. This means that even if an Asian gamer manages to win $50,000 he will have enough money to live off of for the next 9 years if he lived with the means of an average Chinese citizen. But the prize pool from gaming competition varies from 1-2 million dollars through 2,000 dollars and even a 2,000 dollar prize is fitting as a monthly or tri-monthly salary.
So while the chance to be the top Asian gamer is not very high, however, to win prize money dominated in dollar or euro terms can actually turn out to be a sustainable job. But with so many of them focused on the same goal and with a higher total population compared to other regional nationalities, its a high mathematical probability that the next regional or international winner will be an Asian gamer.