how do people make money off sniping

title how does it work like no way some people just blow hundreds and thousands of dollars just so streamers lose right

Context please?

they bet on streamers winning or losing ig

There might be 2 possibilities that I can think of!

1. Underground casinos and gamblers making money off betting against the streamers
2. Rich people paying $50 just to watch their favorite streamers mald on stream

a lot of gambling sites ket you bet on live streamers games so if you happen to be in the same game with them you can bet on the other team and just throw the game

There are crypto betting websites where you can bet on streamers losing,

So people make this discords and pay people to throw their games so they can can bet much larger amounts of money than they are paying the thrower since they know they will lose