I think that making video on youtube is the best way and with a low risk. 
If you are in that kind of stuff, streaming on twitch.tv it's most likely better, you only need a few thousand viewers to get a good monthly profit, meanwhile on youtube you will have to edit videos, get a lot and I mean a LOT of views to get a decent profit. For example the last video I uploaded had 30k views, only 2$ profit, of course if you have millions of views you are going to get much more.
I thought the a common denominator over video earnings in Youtube was ~$1 / 1k views. What network have you partnered with? Or was it just Adsense?
The problem with Twitch streaming is that you've got to have the skills for players to watch you - and not everyone has the talent for that. At least in YT you'd just have to be creative with cutting and editing videos to get some profit.
No, the 1$ / 1k views is a lie, you don't get paid for views anyways you get paid for clicks on the ads. I personally get 1$ / 10k views on average but sometimes a video with 400 views can earn me 1$, it depends on the clicks. Twitch does not pay much in terms of ads but if you get subs and donations you can get a lot of money. Top streamers get easily 1k dollars only in donations.
Cool, what YT videos do you make?
I post mainly about league of legends now, I don't get much views, don't think im famous or something, I have like 400k total views, it's hard to make a living with youtube unless you have 1 million + subscribers but it's obviously possible
