Skin gambling in mainland China: Survival of online gambling companies

Figures & data

Figure 1. Screen shot from the Max+ application.

Legend: A, Team’s name; B, Betting odds; C:, Option for betting by game skins; D, Option for betting using M coins

Figure 2. Screenshots of skin gambling on Max+.

Legend: A: Team’s name, B: Betting odds, C: Betting history, D: Betting with the most skin value, E: Value of the skins (approximate amounts in USD), F: Game skins

Table 1. Gambling calculation on Max+ for one day: from November 25 (15:20) to 26 November 2020 (15:20)

Match name	Total betting value of skins (USD)
Aster vs. Ehome (Dota 2 match)	33,953.93
Gambit vs. Skade (CSGO match)	190.44
Forze vs. Nemiga (CSGO match)	184.73
PSGLGD vs. Ehome (Dota 2 match)	5197.88
Guangzhou Evergrand vs. Vissel Kobe (soccer match)	43,034.87
Chonbuk Hyundai vs. Sydney FC (soccer match)	1400.04
Yes vs. Empire (Dota 2 match)	6000.74
Mouz vs. Godsent (CSGO match)	4095.76
Shanghai SIPG vs. Yokohama F. Marinos (soccer match)	4972.14
Leave to win vs. Nigma (Dota 2 match)	4102.1
Nip vs C9 (CSGO match)	8288.11
Borussia Mönchengladbach vs. FC Shakhtar Donetsk (soccer match)	1059.5
Olympiacos FC vs. Manchester City (soccer match)	2382.26
Gambit vs. Spider Pigs (Dota 2 match)	233.07
Faze vs. MIBR (CSGO match)	3400.46
Bayern Munchen vs. Red Bull Salzburg (soccer match)	22.5
Atletico Madrid vs. FC Lokomotiv Moscow (soccer match)	63.45
Inter Milan vs. Real Madrid (soccer match)	138.95
Livepool vs. Atalanta BC (soccer match)	3281.24
4fun vs. Egoboys (Dota 2 match)	91.93
4 zoomers vs. Team Brasil (Dota 2 match)	271.86
Ceara SC CE vs. San Paulo FC (soccer match)	686.3
Thunder predator vs. infinity (Dota 2 match)	488.27
Clube Atlético Mineiro vs. Botafogo de Futebol e Regatas (soccer match)	51.14
Forest vs. Aster. arise (Dota 2 match)	4666.14
Club Deportivo Guadalajara vs. Club America (soccer match)	157.21

Note. Total skin gambling value in 24 hours: USD 128,415.02. Estimation of skin gambling value (a year): USD 46,871,482.3.

Table 2. Main shareholders of VPgame

Shareholder name	Ratio of shareholding
Pan Jie (VPgame co-founder)	49.5733%
Zhou Xiongfeng (VPgame co-founder)	15.4121%
Chen Qi (Ameba Capital)	10.9636%
Shanghai Purple Key Company	10.000%
Wang Sicong (Prometheus Capital)	8.7818%

Source: Qichacha (n.d.a).

Qichacha. (n.d.a). 杭州威佩网络科技有限公司 [HangZhou WEIPEI Internet Technology Company]. https://www.qcc.com/firm/4e1aee4affa49200b99cf38cca049192.html

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Data availability statement

Screenshots of the Max+ skin gambling record can be obtained from the author upon reasonable request.