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When we research online, we often find that gambling winnings are considered passive income because they rely on luck and don’t require continuous effort. However, I don’t consider gambling, especially sports betting, to be passive income. You know, professional gamblers put in significant work to analyze matches—they read news, collect data, create strategies, engage in discussions, and some even use AI to compare results...Well it's a whole process ;)

While luck is a factor (of course), the substantial effort and skill involved make sports betting distinct from typical passive income. Therefore, I believe that sports betting winnings should be classified as active income, similar to trading or commerce, which involve both risks and the potential for profit or loss, like in any business.

This is only my point of you... what do you think ???

While gambling profits are taxed I do not consider them to be income at all. The luck factor at play is too significant and winnings are unpredictable while losses are ever present.

Passive income are more secured investments which gives almost guaranteed returns within specific periods of time. There is a concept called passive gambling, this will be the closest gambling comes to giving passive income.

Gambling as passive income? You can lose everything immediately so I don’t consider it as effortless considering the risk involved.

@Upgrade00 is right that gambling profit can’t be considered as income at all due to its complete random that resulted to inconsistency which is not fitted to be considered as income.

It’s more on entertainment money rather than an income because you lose it all again if you keep betting while income can be acquired through consistency such as job, investment and other financial tools.

Since gambling is based on luck and does not require much effort for one to make profit is why it is classified as passive income. For instance, a new gambler gambling with slot machine can hit the jackpot at his first game without the knowledge of the game. Same with dice and many more.

Sportbet depends more on luck because no matter the analysis and research that you carry out is not a guarantee that you will win your bet. Someone from nowhere without any analysis can just guess the outcome of a match and bet on and to your surprise he will win the game. I know that some gamblers have bet on some matches that they have no idea about and was lucky to win their bet. The bottom line is that gambling is not what anyone needs to stay all day stressing himself to make sure that he wins because it is impossible for you to know when you will win.

Lastly, gambling is for entertainment and not for making income.

These is where gambling addiction starts. Right from waste of money in gambling to not able to control yourself to avoid gambling when you have money.

Some people can bet with little amount of money and be lucky and won huge which would be once in a lifetime. These are only less than 0.00000001% among the people that are gambling. But you can be visiting the gambling site often and have it in mind to make money from the gambling, you are only deceiving yourself.

Those all not active income, do sports gamblers always get 100% winnings even if they make strong analysis & other research? no, because it cannot be confirmed & does not have a time period, we cannot classify it as active income.


Gambling activities cannot be classified as passive income, but gambling winnings can be classified as a form of passive income. Even though basically everything is based on the luck factor, we cannot deny that winnings from gambling are a form of income, i find it difficult to explain specifically, but that's roughly what it is.

It should not be treated as source of income by any means. Unless, you are a professional poker player or sportsbettor. Even if you are a regular sportsbettor, you can't treat this gambling activity as passive income or would give you regular income. Because it is not. It is more on losing your extra money if luck is not on your side.

Can't be treated as source of passive income because there is no guarantee of winnings every time you bet. An example of passive income is like collecting the monthly rental from the apartments you owned. But when it comes to gambling, better not treat it as one. You will surely compromise yourself in tight spot if you think you will get regular income from your bets.

If I had to choose between the two, I’d prefer sports betting as my passive income. Betting is fun, but winning isn’t easy, so if I could develop a strategy that helps me succeed in the long run, it would be a big success for me, as I could grow my money over time. As a gambler, we experience losses as well, but as long as we win most of the time and effectively manage our bankroll, being profitable in the long run is not impossible. Growing money in a slow and steady process is the best definition of why I consider it as my passive income. Everything I’ve mentioned hasn’t happened to me yet, but I’m hoping it will in the future.

True, no matter when gambling will never be able to be used as passive income, the goal of generating consistently will never succeed when the idea is brought into gambling where I think the reason is clear that there is no certainty and guarantee for anyone to always be able to end the game with a win and I think some gamblers already know this fact.

This is also the reason why we always advise gamblers to only make gambling a place for entertainment, none other than because this idea can make gamblers safe in the long run. When money is not a priority or main goal then believe that you will not experience disappointment, regret or even stress.
This means that gambling with the intention of looking for income will definitely only make you experience mental and psychological problems because defeat will always be a part that will thwart your hopes.

So far I have never seen about gamblers who managed to win a lot of money in gambling that made them rich, although the chance of winning is there, but there is absolutely no element of consistency and certainty to always be able to win, and this is in accordance with the facts that occur where most gamblers especially those who are addicted actually suffer a lot of loss of money. Think using a rational point of view so that you do not misunderstand everything you find.

Depending on which country you have to pay your taxes, you can accumulate all the winnings and losses through the whole year and pay them or deduct from future winnings, where applicable.

I always consider sports betting as an expense at first, and never as a way of income. But it is true that in the case of overall winnings, if you have to pay taxes, the tax agency will take the profit as income. What is clear to me is that it could never be considered as passive income, because to get them you have to invest your money, your time, and most importantly, they are not sure.

If you gamble all the time and always make a profit with sport, then it's an active income.

If you only gamble when you feel lucky and always make a profit, then is a passive income.

But the reality si that we don't always win with gambling, and when we pot money on it and we lose it, then is not an income anymore, and sometimes the amount that we spend is larger than the amount that we win. Casinos were made to work that way in the long run. So, it's what it is. Gambling is an income only if you own the casino.

Are you such a regular bettor that you consider this an active income? I don't... because gambling should be considered entertainment if it is relied on by you as an active income you will lose in any bet the team cannot guess while doing so much analysis.

For me sports betting is not a source of income because it is difficult to win consistently in betting even if you bet on the favorite team and low odds, maybe you have felt it.

This is as entertainment, when winning will be considered an additional source of income but not become permanent only when betting wins.

From my understanding, sports betting is not like a type of casino gambling that is based on luck but there is still a little influence on luck. I mean like when you do the best possible analysis then collect all the analysis data you get and bet on one of the teams winning. In the end, a surprise occurs when the underdog team beats the team you think will win. Well, that's why sports betting cannot be considered an active income because in sports there are always surprises that happen and you can't predict them in advance. And there is even a rich gambler who bets $1 million on odds @1.01 in the end loses and loses money when the team that was considered to win loses in the last minute.

Obviously active income, even you didn't make analysis, if you still need to login, make deposit, place a bet and withdraw your money, it's an active income. Gambling can be said as a passive income if you only make deposit and wait the result, because you're send the money to tipster.

Even investment is still an active income if you always checking the graph for few days and buy-sell it in few weeks or months.

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I see that many people confuse between passive income (https://en.wikipedia.org/wiki/Passive_income) and additional/side income, while both of them are different.

That's not really a passive income. Passive income means that you generate money without doing that much effort as you've said. Gambling winnings aren't passive but they are considered active income because you have to do something in able for you to make money. And relying on luck? I think if there are people that generates passive income with less to no effort by having luck, they're very few people and rare and to most commoners, it won't happen at all.

You're right about that classification about sports betting profits. You are doing something in order for you to win. Even if you just do some random bets and YOLO bets, they're not passive income at all because you still have done little effort into thinking on which team you have to bet for specific matches. Anyway, what's the matter on this? either active or passive income in gambling, why does it matter? the only passive income I know that's being generated through gambling are affiliates and staking, add some if someone know more that I missed.

I agree with you. Gambling required money or investment and even how much money you put, you can't guarantee a winning. That's why I don't consider it as active income because there is money involved.

It's not kind of work that you get salary for working and dedicating your hours and energy.

If its really that something interactive or something that you would really be needing up to do something then it cant be considered to be passive. From the word itself then it wont really fit out on the category.
This is why it would really be better that you should really have at least that research before in speaking about passive on which i do only consider it out on the time that you would really be dealing up
with real estates on which this is something that could be considered passive but in speaking about active dealing or you would really be needing to put up effort then pretty sure that it wont
really be able to fit out such criteria. This is why you should really be that wise at least on how to compare things on which one is possible and which one is obviously doesnt fit out.

Also, come in mind that when it comes to betting or gambling then we do know that it wont really be ideal that you would be making it as some sort of alternative in speaking about having some income.
We do know that gambling or betting heavily that needs on being lucky on which this is something that we cant really be able to have on the moment that you would be doing it.
Winnings or outcomes arent that something that you could really be able to assure at least, this is why you should really be that careful on making decisions.

Your perspective is not out of place. Sports betting requires a whole lot of work which includes research and analysis. But there is no guarantee that your analysis will make you win bets. An example is the game between Real Madrid and Athletic Bilbao. Both teams have met 57 times, Real Madrid won 39 games while Athletic Bilbao was the victor in 10 matches, while 8 games ended in a draw. From these quick statistics, the majority of bettors will bet on Real Madrid to win. But the game ended in a draw. Whoever believed Saudi Arabia would defeat Argentina or Cameroon would win Brazil in the last World Cup in Qatar. Some gamblers see betting as an active income but for me, it will be passive because the outcome is unpredictable.     

I never consider gambling as a source of income. Although winnings from here can sometimes generate more money, it can never be a source of income. And while I don't consider gambling as a source of income, I don't agree to classify it as passive income either.

What we generally mean by passive income is getting a certain amount of return from an investment. There may be opportunities for passive income through investing in some gambling platforms but there is no opportunity to earn passive income through betting as a gambler. Because there can be either victory or defeat. That's why I can definitely classify the winnings from gambling as active income.

Hmm passive gambling, not familiar with the term but I can relate to your statement about gambling not being something you can actually place your hopes on with the feedback of getting those assured profit you would get off a normal passive income like maybe an investment on a work or project which the percentage of success is almost 80% but gambling like you said luck is basically what holds it and you can't rely on luck to always be on your favor.

sports betting are active income! you can't count these kind of activities as "passive income" since it's requires someone that place active bets.
maybe if you have software (like geek toys) that can automate betting the term passive could be ok, but normally these are just active income.
Hopefully this activity provide an income... most of players are just loosing money!

I tend to think that sports betting should be classified as active income (or expense) depending on your luck. This is primarily due to the fact that in order to win something on sports betting, you need to spend time, analyze the situation with the upcoming sporting event, take active actions with the bet, and also risk your money. That is, for me, these are all signs of active income.

Passive income is when you take some active actions, after which money continues to flow to you, even if you do nothing. In sports betting, you always have to take active actions, which in no way can be called passive income.

I did sport bets even probably plenty but i don't think it can be considers as passive income because i did that for fun but so far i never know any people who can makes gambling as source of income because in my opinion to make the particular things as source of income it should be steady but in sport bets although probably some people have good skill to predict the outcomes of the particular matches but gambling results is depend on people luck

As far i know the meaning of passive income is the income that you earn without having to be actively and continuously involved in something but sport bets is still required some efforts to predict the particular matches so it cannot be called as passive income but maybe sport bets can be considers as active income because to gets profit people should be active to analyzed and learning about sport

If i'm good enough to be one of those sports bettors who can make a living through sports betting, i'd put it under active income because you can't expect winnings to consistently pour in when these matches are out of our control.

In reality, I would agree with the others, it's best not to treat your winnings as any form of income. They can quickly vanish through a string of bad luck including our bankroll and we're not like those top gamblers who can consistently hold on to their good win rate.

I completely agree with you bud, you are absolutely right, I've never read anywhere it was written or said that money made from sports betting is a passive income, that is such a misconception of what passive income truly is if we are to go by its definition and meaning.
Passive income as we all know is something, maybe like and investment that is built and generating income for us on a daily, weekly, or monthly or yearly basis even when we are not there and doing nothing for that investment, it's like planting a tree, you take care of it, water it when due, keep it safe from pests, and that tree will grow and get to a stage where you no longer have to do any of this things for it, you simply go your way doing other things and yet, every season, the tree produces fruit for you to either sell or eat - this is what is known as passive income.

Winning from sports betting can not and should not be classified as passive income, it's a complete wrong narrative.

Admittedly, some gamblers do go on to analyze data and come up with strategies but again the luck, dependent nature of a surprising match or event not just in human hands' actions outweighs significantly the efforts placed by them.
Active income is normally the result of continuous personal effort and specific output of skill or work. With sports betting, while skill does come into play luck is typically the prominent factor which means even the most skilled professional gamblers can rack up huge losses through no fault of their own.
Plus, many people place bets passively or based on gut feeling or other people's recommendations without any effort or detailed analysis. For such kind of people what they make in terms of profits is more like passive income since it does not entail active effort that is regular and substantial. Therefore, labeling all sports betting winnings as active income would be misclassifying for the vast percentage of gamblers who may not be applying the same level of effort and strategy as the professionals.

Gambling isn't supposed to go that far... There's nothing reliable about it and thus, it can't create a way of survival, no matter how skilled, knowledgeable and lucky you can be...

I've known people from the neighborhood that tried leaving off of the profits from gambling, but as regards to how regular it can be for your chances to cut in, it doesn't workout perfectly for them.
Get a job and gamble in your leisure hours - the pleasure is derived when you're relaxed and nothing really troubles your mind.

Totally valid. One should stay as a hobby (by which I mean gambling), other - a real job with real money to entertain yourself from time to time.

I don't want to believe that there is any strategy in betting that would give a continuous winning streak in the long run. If you're going to make gambling a passive income, then you need to provide it with at least 70% of your time a day. Because where your mind and energy are, that is where you can succeed. You can't be gambling occasionally and expect to win frequently. It takes continuous gambling and practicing in casino games to make one conversant with how to play the game before a gambler can win continuously.

This is exactly what i was explaining to @Distinctin in the first quoting. And it is based on luck for them to have success if they gamble continuously. It is not a guarantee that consistent gambling brings success, but one thing is certain there will be improvement in the way they gamble compared to when they started gambling.

This must be written by people who don't understand the term itself. Passive income is something that appears on your account without you having to do anything. Therefore, things where you have to put work to make money, or spend time doing something, are not passive in any way. Passive income is your bank giving you money every month as interest. It's bitcoin appreciating in your cold storage.
A situation where you have to make a bet every single time and risk losing the money is not passive income. It would be if you had a stake in the casino and they'd pay you dividends, but betting is definitely active income.

Seems reasonable and logical. Maybe someone interpreted it wrong and has another opinion on it, but if you do something - you don't leave for someone or the system to do it passively for you.

I understand what you mean, but making gambling as an income is too risky. Whatever you say, whether active or passive income is not the ideal thing for us to implement or have the idea as you say. Even though the type of betting involves skill, the risk of losing is greater than the winning ratio. Well, gambling is different from trading or commerce. Although in some types of gambling there are skills involved, consider it that way. For me personally, when I win when gambling, I consider it more like getting a bonus from this type of entertainment that we like, especially in the context of sports betting. After going through a series of processes in terms of predicting, luck will be involved in determining the results of our bets. win, or lose. So in the context of gambling profit and loss, for me it cannot be classified as trading or doing business.

and yet, after doing all of this things, thier prediction are certainly 50/50 which is what makes it gambling. No matter what is your source of carrying out analysis of sports betting, it doesn't change the narrative that you can't be totally accurate at it. Sports betting is based on probability and can't be classified under main stream of income.

I can't relate trading and sports betting to comerce. Trading and sports betting follows the trend of uncertainty with up to 70% of the outcome of both being dependent on luck. Commerce is far from it and as long s you've done the right thing, you're certainly going to get profit from it. Commerce and every other business that follows such predictable order can be classified as a major stream of income but gambling can not. The moment you start looking at gambling that way leads you to go about it in a manner that can lead you to become addicted to gambling.

This is something that should really be realized because on the word passive alone then you could really be able to tell that you wouldnt really be needing on doing something for you to be able to make yourself that earn on which it would really be that truly understandable that you wont really be doing that like in doing betting/gambling on specific games or whatsoever you've been dealing on with.
It would really be totally opposes into the word itself that its not something passive because if we do mean up this word then this could really be obtained through those investments and business
on which we know that this is something that could really be obtained through this. Its not really that comes cheap when it comes to this manner but its something that most billionaires is really that getting involved into or to those millionaires on which this is considered to be passive.

Hey man you give written your argument so well and I could not agree with you less. I believe what you mean is that those you take on sports betting professionally should categorize their winnings as active income as gambling for them is a full time job. However for people like me who gamble for fun and leisure purposes, I wouldn't consider my wins as an active or passive income. They're just winnings regardless of the efforts I put into it.

It definitely cannot be consider as passive income, because when you say passive you will not have to rngage it for too long or you can earn even you are not doing anything, more like you are earning while you are sleeping, which is not a cmbehavior of sports bettimg, without you engaging into the bet then you will mot have the possibility of winning, and of course there's no guaranteed that you will win in a bet all the time so it cannot be also consider as active income, I think wnough with categorising gambling, gambling is a gambling and it cannot be related to income.

Gambling is not a passive income generation Because it rely on luck and doesn't require effort as you said, I disagree with you on that. Because a passive income as I know is a business that generates income on steady basis continuously.

Definitely it can't be considered as a passive income generator because of it nature of wining today and losing on a strict. Which in a week a gambler may Just win 1 day out of the whole 7 days of staking. This implies that loses  is more than winning . And a passive income business needs to win more often

I'm sorry but since when did gambling or gambling winnings become a passive income? also, since when casino gambling doesn't require continuous effort? the fact that you need to actively participate on gambling in order to win already show that you need to put effort into it.

anyway, I suggest you read more into what passive income is and what makes something a passive income.

that's true
it's a lot of effort to be a good bettor on sports and if you don't keep track of your bets you'll probably end up losing your money so it's better to consider it as active than passive
any passive options in betting, you think so?

In general, sports betting isn't based on luck unless you're just picking one team over the other randomly. If you are not, then it is based on analysis, familiarity, and research.

It's not about whether gambling is passive income or active income, it's about gambling not to be treated as a source of income. Gambling is part of your expenses, not part of your income.

In the case of your winnings from gambling, it isn't passive income. Passive income is something that comes to you while doing nothing. With gambling, you have to play. In sports betting, you have to analyze and make bets.

Honestly, I could say the same but there are different kinds of jobs in gambling that some can definitely be more considered as an actual job. If you just go to an online casino or betting platform, put in your bet and wait until you win then I do not think that much is a job. However, like OP mentioned, experts who analyze matches carefully have more experience and knowledge that whatever they are doing can be considered as jobs at that point
Some investments still have risks and not every investment can give good profit every time. For example, if you have rental homes, it might be possible that in a month you will have no income since no one came to rent. It still is a passive income, though.

I guess in that sense, gambling is almost the same.

Actually I have personally thought about this over an over.
I tried to compare gambling and the Memecoins including the maximum risk of trading which its risk is highly to an esstem by which it is all an advice to invest or trade with the amount of funds that we can afford to loose Incase we do not experience what we expected.

Now, it feels like being afflicted to gambling with the possibilities of winning while loosing remains a threat that can not be omitted.

We are also aware that gambling is a game of luck by which not even your expertise can guarantee you sure winning rather a highily gambling experience would pave you some perceptions for nice analysis.

This is applicable in both gambling, trading and Investing on highily volatile sectors potentialed to provide profits.
But in any case, it is it advisable to adopt gambling as a source of income relative to trading and Investing because they risk to loose in gambling is highily at stake.

You should treat gambling or sports betting as a source of entertainment for luck, but it is also important to do it with great care, responsibility and understanding and realize that there is no guarantee of always winning. Gambling is inconsistent winning and cannot be relied on as a source of passive income, even if it exists. It takes a very adequate skill to do it and also must be taken seriously especially the time it takes to do it overall, and there will still be money lost.

It is not, and we shouldn't consider gambling any source of income for that matter. You don't have control, you don't put effort on it plus you have to put out your own money and bet on the unknown, so how can that be a source of income for anyone? Regular job, go to the office every two weeks you will get your pay, that is the very definition of income.

Unfortunately, sorry to tell you that your point of view is very wrong. And this can lead to gambling addiction as you might think that maybe this day you are lucky and so you play that extra money of yours and then at the end of the day, you've lost. So there is no income whatsoever and then you will go and repeat the process because you think that you can bounce back, recover and win.

One way I can think of to get passive income with gambling would be to run poker bots. But that is illegal and if you get caught they will take whatever bots you have in your account. Now, if it works for you it would be passive. The other is to be the master of the casino, what happens is that it can not be totally passive. In any business it is better to be on top and in control, even if you delegate tasks and decisions.

however when something is made a bet then it is gambling, sports betting done by reading news, collecting data, making strategies, it is one way to increase the chances of winning and the same as gambling because there are indeed different types of gambling, namely gambling that relies purely on luck and there is gambling that requires skills to increase the chances of winning, and sports betting is one of the gambling that involves skills and knowledge.

besides that no matter how good the skills or knowledge applied in this gambling does not guarantee that you will be able to get consistent wins or become passive income, because even so luck will certainly still play its role, so if you have good knowledge and skills but luck is not on your side in my opinion the results that will occur are the same, namely losing. also in my opinion even though we have sufficient knowledge and strategy it is not advisable to seek active income in gambling, most likely it will only make us addicted.

Gambling can be said as income, because in general income is something that someone gets from their efforts, but calling gambling as passive income is not true, because unlike income, passive income is an income that people get routinely with low effort, even it can be obtained by someone when they close their eyes. While in gambling you need to play and bet your money, there is a process and effort there. But even though gambling can be said as income, a person cannot rely on it completely and make it their job, because gambling is full of uncertainty and at any time a person's money can be lost there.

I do agree. It's the expenses for the entertainment that we have while gambling, but it shouldn't be treated as a source of income by anybody, in my opinion.

When we talk about passive income, we implicitly assume that this is some kind of regular income, that is, amounts that regularly come to our account. As for income received from gambling, especially from games based entirely on chance, it is unlikely that anyone has regular income. A classic example is winning the lottery. Of course, there are people who have won the jackpot several times. But such people are few and far between. Most people who have won the jackpot have won it once in their life. The same applies to a big win at a casino. It is almost never regular. There is even less passive income in sports betting. However, passive income can be if you buy staking tokens in some casinos.

There is no stability in jack-pots, yeah.

Who the hell considers gambling profits to be passive income? Can you post some information about anyone, who considers sports betting(and gambling in general) as a way to make passive income? I would like to read his nonsense and laugh.
Passive income is supposed to be consistent and gambling profits cannot be consistent. Making consistent money out of sports betting is very rare and it looks more like a regular job to me, which kinda removes all the fun. I would never rely on sports betting for a living, because I'm not a good sports bettor and mostly because sports betting will quickly turn into a torture for me.

I think the Winnings are like an active income but not on a 100% scale of preference because active income is based on timely efforts cause your being paid for your effort and it's applicable when you win on daily basis but when you loose it's gone off from being an active income.so what do you gain!?
So making it as any income is not advisable cause the game of gambling usually fall on the sides of luck and more of losses than wins.

While you were in a rush to classify sport betting as an active income source  you bypassed a critical factor that conspicuously differentiate sports betting from trading and commerce. The factor of luck that is most dominant in gambling/sports betting is extrinsic to trading and commerce which outcome depends completely on the  competence skills, knowledge, and  experience of the individual to excel in these field.

Anybody can gamble and make profit including are amateur what we call here newbie gambler depending on how lucky his stars are without even knowing a thing or two about gambling, but you don't do that with trading and commerce, you'll just lose before you even try.

Yes and I think something that can be considered as active income only when it has the certainty to always be able to get it, there is always no certainty in terms of winning, and as you said that it always depends on luck, meaning when there is no element of consistency in terms of producing wins then it is clear that it cannot be used as active income.

This is the reason why gambling can never really be used as a place to earn, it does not mean that you will never win at all, but look at the consequences of the risks involved, there is no certainty to always win while the risk of losing is always part of the game, anything that is probabilistic will never make sense to rely on too much.

Gambling for me personally is included in both active and passive income, where active income needs to be done regularly and I don't do gambling regularly every day, so if it is called passive income then there needs to be continuous income without you doing anything like investing.
I call it side income if I get lucky in the gambling I do, but don't treat gambling as a side business, but a game that allows us to have fun and money.

And you feel there are sports gamblers who are professionals? Then why they don't win frequently since they are considered professionals because the last time I checked professionals are people that are very knowledgeable about the work they do and can do it perfectly which gives a positive result so you can actually see that there is nothing like professional in sports betting therefore every gambling activity is a passive income and one need not to see it as what can become an active means of income if they develop more time and puts more energy in making predictions because even when some gamblers claims they are experts, they still fail in their predictions so if your predictions are not accompanied by lucks it won't work at all so gambling should be taken for fun and not to use it as a medium to earn ends meet.

Gambling can never be a source of passive income. It should only be used for fun. Because gambling will give you a certain amount of profit in any way, which is the source of passive income, just like business, job, etc. No matter how good you are at gambling and no matter how expert you are for sports betting, it is never possible that you will never make a fixed income from here. So how can you consider this passive income? The more seriously you take gambling and the more importance you place on it, the more you will suffer financially. so always be careful from gambling.  And never consider using it as a profession or source of passive income.

Actually, I am more into the crowd who sees gambling as active income instead of passive income. I have quite a conservative definition of passive income and who people is supposed to obtain it, through classical or orthodox mechanisms like interest or renting properties. Besides, in my opinion, for anything to be considered to be an actual source of passive income there must be a minimal percentage of risk involved within such activity: the risk of having money in a bank account or renting an apartment is not the same from throwing some bucks in the casino or bookie to see whether one can pocket something out of luck. There is where the biggest difference lies between sport betting and actual sources of passive income.
If keeping money in savings account was as risky as Sportbetting, nobody would do it in the same degree they currently do in the world. Don't you think?

but there's still a luck component
even if you analyze every variable available, you can't predict the future, no one can
sometimes the underdog wins
sometimes the favorite loses
and this is what makes life good to live

As far as I know ‍winning from gambling income will not be treated as passive income. Because gambling is not a source of income where a gambler can earn income on a regular basis. As in this platform risk and fear of loss are constantly working. Gamblers are not able to generate any reliable income due to sometimes wins and losses, which is why gambling cannot be considered a source of passive income. Gambling should not be called as a source of income, if we separate it as a category, it can be called as active gambling and active income because the gambler can directly involved in it.

Of course. You can't entirely eliminate luck. Even your life depends on luck in one way or another. But what I'm saying is that luck isn't the main thing that matters at least as far as sports betting is concerned unless, again, if you are just randomly picking your bets. Unlike slots, roulette, dice, and similar casino games which are entirely dependent on luck, sports betting is different. Underdogs may win, but it is the exemption rather than the rule.

I agree. There's no passive about it. Not the same result will happen the next day even if the same team will play against each other which means a different outcome will inevitably happen if we are not careful with our bets. So yes, we cannot call it a passive income because there's no assurance that we will win repeatedly.

Collecting data and checking records and history had been a difficult thing to do just to increase the chance of winning. Other gamblers are just relying on the odds given by their bookies and mostly would just bet on the favorites but there are those who will go against the flow because they have the data to back up their claim that the other team or player will win.

I am successful now with sports betting because I bet my money on those matches where a strong team and a weak team face each other. The longer I have been gambling with this strategy, the more success I have had. Maybe gambling with this strategy requires me to bet more money and my profit is less but there my money is risk free. I gave up expecting high profits long ago because as long as I have high profit expectations I only lose my money. If a minimum amount of money is lost from my total money then it is bad for me but if a small amount is added to my total money then it is profitable for me. You can gamble with my strategy if you want but before that you need to know about sports and have enough idea about which team is strong and which team is weak.

even though you are successful with the strategy you use in making bets, I think the increasing winning results or even you get them consistently are not good for you to consider as passive or active income. just think of it as a profit from the game that you can play continuously. if there is a bigger win and it will not be consistently obtained then a small win may be more frequent with your strategy. it would be better to think of it as bonus money that you can enjoy to have fun.

not a problem for gamblers who end up making gambling their passive or active income. because in fact there are gamblers who regularly bet every day to make a profit. it will not be a problem as long as the gambler enjoys it and there is no pressure on him to always get a win. minimizing the risk of loss is also part of the playing strategy.

I agree that it's totally not passive income. It doesn't work for you, it's more like you work for your hobby ;D

What is an Active Income? An Active Income are those income whose payment are  fixed, and comes regularly, of which an individual is 100% sure that he/she will receive such payment within a stipulated timeframe weekly timeframe or monthly basis, depending on the type of work.
Whereas,
Passive income are incomes whose outcome are not always constant constant, but thou, it serves as a means of earning extra income through luck and skill which happens to be a 50/50 chances, just like gambling, which is why gambling is referred as a perfect example of a passive income generator.

Your post got a bit swallowed but I agree, active income is when you work via a fixed amount both in effort or in time and get something for it. Passive - when your funds work for you, basically.

For me and from my rational point of view it is clear that there is a difference between sports betting and some types of casino games like roulette, craps and slots that you mentioned, and it really depends purely on luck. And I also understand that sports betting is more profitable when someone has very good skills and knowledge, but maybe I will mention that it does not mean that you will always be able to win when the game is over.

It might be more accurate to say that skills and knowledge are nothing more than tools to increase winnings, but what can ensure victory is only luck, the underdog may win, and yes I have really experienced that situation where the team I favored lost and it was really unexpected, one of the reasons is because we cannot fully know what will happen on the field, there are so many things that can eliminate the advantage of a team that is much more favored, and this is why limits must always be applied.

Gambling winnings are not or do not become active income because the percentage obtained will not always be the same every time gambling is played. There are days when luck is always on our side. The opposite is also beyond our control. That is why gambling should not be considered as active or massive income. Not to mention people's perceptions of gamblers who are considered too negative.

Gambling cannot be considered passive income. There is no source that will attach that to gambling and based on this article.
https://www.xero.com/ph/glossary/passive-income/

Income in gambling is not guaranteed. In fact, your chances of losing are higher compared to your chances to win, so we should never use the word income for gambling, whether it is passive or active income.

If you invest in a legitimate business, you are likely to profit. No businessman will invest before conducting a feasibility study of profitability, which is not possible to do on gambling.

I don't see gambling as a source of income and therefore can not even qualify it as a passive income. Gambling is just an activity in the middle, it can not really be classified as a sustainable source of income because it has the possibility to make an individual lose their capital too. A passive or active source income doesn't rely mostly on luck before you can earn.

Absolutely right. Because if someone wins the lottery, they should not consider this activity as their passive form of income. They did not earn this money, they won it, and there is a huge difference. Passive income itself implies reasonable investment with asset research and diversification. This is an extremely serious matter. And betting, just like gambling, cannot be considered such matters.

According to IRS, earning from gambling is considered as "other income", so users who said gambling income isn't an income is wrong.

https://imgvb.com/images/2024/08/21/c7e8a16f52630095af0340223d5491c5.png
https://www.irs.gov/pub/irs-pdf/f1040s1.pdf

It's same to business, not all business are in profit, but it's not necessary we should say business isn't an active income, people will laugh at you. If you didn't earn, then it's a loss.

Seeing that I make a profit by betting with this strategy, I do not think that I will make a profit on all the bets that I make, but the amount of money that I bet with before each bet is not excluded from the total money. Because the results are not always what I expect. I am not at all dependent on how much money I get from gambling. Since betting has become a habit and I have found a good strategy, I prefer to bet with this strategy. I have a different amount of money between the amount I bet and the amount I profited from.

By alternative income I mean where my money is not at risk but I am paid salary through my work. We can't consider the portion of the profit by betting on three to four matches as alternative income at all.

Sadly, that’s how they treat the taxation of gambling winnings, they don’t consider our expenses or previous losses. So we have to be careful with gambling because the bigger the risk, and if we’re lucky enough to win, the higher the taxes we’ll have to pay. But when we lose, the government will never aid us financially. It’s quite a burden on our side, but if we only gamble with a minimal amount of money, like placing a small bet and trying to hit a big win, then maybe we’ll feel the satisfaction if we do win, as it could feel like hitting a jackpot.

Using money we are willing to spend is essential for things not going south in the long run, you are right. Reality is harsh, unfortunately.

Hm, I think neither of two. Passive is the key point in passive income. You put money somewhere and do nothing to get income while the  sport betting   involves some mental activity at least to evaluate the odds,  On the other hand, it can not be classified as active income because it  results ^{(more than often)} in loss rather than actual income. Betting (^{whatever kind)} is nothing more than a gambling element at human life setup.

It’s even funny that we’re talking about gambling being an "income" when it’s only described as entertainment, which means we’re spending or losing money. This question isn’t for us gamblers but for the gambling operators, as they are the ones really making consistent income from their business. So whether it’s passive or active income for them, it doesn’t matter, they’re making money either way.

Totally! But it's an interesting thought from @Maslate to put betting into a different category, because I too didn't think of other way where to put it ;D

The question to ask before concluding whether sports bet should be categorized as active income is if after all the efforts of analysis and predictions whether there's a guarantee of win? The answer is no, therefore despite every efforts that a gamblers makes before their bets, they still depends on the luck factor to win. Gambling is best suited in the passive income category because it's not a sure income, despite your best efforts you can still lose your bet. To be a responsible gambler means that you have to consider it as an alternative source of income, if it's your main source of income, then you'll be running into dept because it's not possible to continue winning and take care of your responsibilities.

Gambling winnings are considered passive income because they rely on luck? This is the most stupid thing I've ever heard, normally passive income aren't based on any luck, you get paid for the job you done or the service you rendered.

Gambling itself is losing or winning, completely based on luck, how can something like this be called passive income? You will lose everything you have if you think that you can make passive income out of gambling.

Passive income is earning, gambling money is won, there is a difference, as for gambling you won't be winning every day, you will likely even lose more before you win.

Of course, only a few of the huge number of players will be able to earn. You need to be the best among them and this can only be proven by painstaking daily work and hard mental work. In addition, you need the skills of persistence, willpower, critical thinking, quick decision-making, easy learning, excellent counting, in the presence of opponents, think about their tactics, behavior and read tells. And even if a player has all this, this does not guarantee his victory, because luck may simply never come. Ultimately, a player can be talented and not even realize it. In general, professional betting or playing poker is a full-time job, there is not even a hint that this is passive income. Passive income, I would call famous players who are invited to programs in which you only need to be present or show your face and for this they will give a big income. But I hope everyone understands how rare this is now.

You have a point in your argument because sport betting does not depend on luck, you need to do some search, get familiar with the teams and how they pay. Sport betting is the most stressful type of gambling because others depend mostly on luck but sport betting is different. I wanted to bet on a boxing match and I did not have any knowledge before therefore I had to do some research and I got to know many things about boxing that I did not know before like how some fighters are so good that they can knock you out before the whole round of the fight ends. They might not be the strongest opponent but they have studied and trained in using knockout to win their fight and they have a high rate of success. After all this research and I win. I can not call it passive income but active.

Some people can say sports betting can be like active or passive income. That is not wrong because that will depends on what they think about sports betting. If we are not agree with that, we can't do anything because they believe that they can make money from sports betting which we are difficult to do. They should have skills to win on sports betting so they can say like that and that is up to them.

We don't have to trying to learn about analyzing the match so we can win in sports betting because that will not easy to have skills like them. We should have trying to treat sports betting as a fun activity by placing a bet for some matches. We don't search for active or passive income like them but we only want to spends our time by placing a bet in sports betting. That will not make us stress when we lose the match.

Maybe that's true, but honestly for me no matter what bet it is including sports betting in the end I think luck is still an important factor in betting activities, and yes I understand that skill is something that is quite important in sports betting where by having skills we can get a little closer to what is called victory, but in my opinion and from my rational point of view the skill is nothing more than a tool, in the sense that it only helps increase opportunities but does not mean that it can ensure that at the end of the match you will win.

Because if that were true then I think everyone would stop working and prefer to learn various things related to the world of sports to develop their skills to get much more money. But of course if you do prefer to bet on the type of sports betting then of course learning various things related to the world of sports is much better than just guessing without doing any research, but one thing is never assume that with that skill you will always win.

People always define passive income as income earned with efforts that are less difficult than active income, that's why many people see investment as a form of passive income and there are still risks there, while gambling such as sports betting requires quite a lot of effort and the risk is greater than investment, moreover there is still a luck factor that plays a big role in gambling so in my opinion sports betting is not passive income or other types of income but this is just an activity that can generate but also vice versa so it is very unpredictable whether it will generate or even lose because it loses.

You are misunderstanding this thing the wrong way. When you make those analyses and research dont you still lose sometimes in gambling? You can't know all about a team and how they play. It varies at every matchday. You might be expecting your favorite team to win a match and perhaps one player might have an injury on the field or something else happens then the other team wins.

There is no point you are making in this argument because you can't do research on the possible outcome that will happen in the future that is why it all depends on luck.

gambling can be a source of regular income if you are a good gambler
most places will tax it as income if you pay taxes
but I agree that it's not passive at all... way more active than many other things, and risky too

Who is a good gambler in your understanding? ;D

I don't consider sports betting as passive income. Passive income is something in which you have a basically guaranteed financial return according to the activity you exercise.

Gambling games and sports betting always have the risk of losing. You should always look for strategies and, in the case of sports trading, always analyze the sports scenario and data about the sport in question.

One thing that differentiates passive income from betting is that the luck factor is very present in betting. You can win a lot in betting if you double your bet, but the player must be willing to bet more and be aware that they run the risk of losing their bankroll until that happens, unlike investments such as stock dividends or any other income such as rent etc.

Of all the time I gamble or place a bet, I never think that I can make money out of it and make gambling as a source of income that is a wrong mindset and all the casinos experts and casinos have always advice gamblers to not treat gambling as a source of income because you can't and there is no way to do that.

There is only minimal loss if you have a legit business compared to gambling who's profit is not guaranteed, wrong mindset and wriong treatment of gambling will make you lose a lot of money, never invest in gambling only allocate money that you can afford to lose.

Golden words! Gambling should be seen as a means of entertainment with funds a person is willing to spend. That way, you are going to have a good time while doing it. Otherwise - not so much, and things may go badly.

Comparing gambling with business is wrong, cause while gambling you get to only the amount you bet and the results can go wither way while doing business most of the things are in your hand and obviously even after you did everything right still there is chance for it to go wrong but it doesn't mean we can fit the gambling into the same category as well.

Consider gambling as pure spending, you may not get anything at all that will give you better perspective about gambling.

Passive income doesn't require much stress and energy from the investor before they can earn, for example, by investing in Bitcoin and some other alt coins and allowing the price to increase, then selling and taking profit. Gambling may look like it, but in my opinion, it is not because winning from gambling is not guaranteed and one can experience unpredictable losses. Some people see gambling as an activity for fun, some see it as a side hustle to earn extra bucks, and some see it as a real source of income, so I don't actually blame the OP if he sees it that way. 

I consider sports betting, in particular, passive income for a lot of reasons.

- Analyzing sports games requires effort, but not so much effort when you compare it with other things like trading. You have to really put in work and effort into trading to see results.

- Sports betting does not require so much of your time.

Income is something you generate from labor, be it investing or employment. With that idea in mind you should understand that these bet winnings you’re talking about couldn’t be looped in with either passive nor active income,and thus fall under profits, which are one off and are something you can’t really expect to come up the same amount, at the same schedule, every time.

Now that you know what the difference between income and profit is, you should have a clearer picture of why this can’t be considered income per se.

Show me one of those researches! One!!!
Passive income means you don't do anything to gain money from that activity, you just hold an asset like stocks or a house you rent and thus you earn passive income, gambling is an activity, so even if by some sort of cosmic luck you would keep making money on a regular basis it would still not be passive!

I saw some pretty weird stuff around here, like gambling diving up revenues for the poor but this is another one that hits the top with low accuracy claims.


It's not passive because:
-not each action of the same effort and time (bet) returns a profit
-there is no constant flow from your action, you bet and you win, to earn more you have to bet again, so no passiveness
-you need constant capital flow and investment, once you top putting money the revenue is zero
-selling lemonade is easy stuff, but it's still not a passive income
-no passive income generation can result in a total loss of capital on your actions alone

I don't think that winnings from all types of gambling can be considered passive or active income. even with gambling that requires skills in playing it like sports betting. sports betting that does require skills in doing it is only done by some people who really understand with the skills they have, but the skills they have can't guarantee that they can win because in my opinion luck still plays a role so it's impossible with the skills they have to get consistent wins until it's considered passive or active income.
all games that are said to be gambling are certainly impossible to play and can produce consistent wins and with active or passive income it seems more like income that is certain while the profits in gambling are clearly uncertain. when someone thinks they can get active or passive income from gambling I think that's ridiculous.  :D

If it's sports betting, it's a different ballgame, unlike casino betting. I am a testimony to sports betting, I win way more than how I lose so I know that it is possible to earn a decent passive income through it if you are good at it. But at the same time, betting is betting (you are gambling), you can't take that away regardless of whether it is sports betting or not, which calls for caution. Now, the discouragement is that betting might disappoint you when you are in dire need of money which makes it not guaranteed in any way. One should look for a better source of income but can make gambling a plan C to cover up for the main job and plan B so the person can be truly financially free and not rely on it.

Personally, I think it is side income just because it is not regular, and you cannot really predict when you are going to win or lose the bet. I think I would instead use it for my luxury taste if I ever win, but that will just not be a regular thing because I am not that much of a gambler.

It’s not passive because it’s an active action to bet and monitor your slips unless you have an auto gambler or something or dice bot.

I agree because when you say Passive income, it means you will get some income automatically by doing nothing at all but you have invested in some businesses or plans. However, gambling is an active way to get money (and not passive) and you have the risk of not getting any profit at all or losing everything

Passive gambling  ??? How is that possible or at least i have no knowledge of it. The amount of risk involved in gambling is so much that i feel it is wrong to classify it as an investment.

Passive income is money that you generate while doing nothing, like the royalties that come from writing a book, once that book is written there is nothing else for the writer to do except to enjoy their monthly checks, sport bets require a great deal of work to be done to make any money, so it is evident that it cannot classified as passive income as there is nothing passive about it, since the amount of time and effort you will have to spend in order to have a chance of earning any money is significant.

In my opinion, gambling should not be considered as some kind of source of income. Because the odds of people making money are always against the player, that's why you don't see people making a living from gambling. When I say making a living from gambling, I'm talking about people paying their bills with gambling. So in my opinion, gambling should not be seen as passive or active income. Here, it has already been explained what passive income is, and gambling is definitely not passive income. But it is also not active income. Not even sports betting, which is something that involves effort: analyzing the games. In my opinion, it is not active income. Gambling is just entertainment, just like when a person pays for a movie ticket to watch a movie and has fun. So in gambling, it's the same thing. People are paying to play and have fun.

I see some people claiming they are making a living from gambling, but I don't know if it's true. However, I still believe that there are people who really do make a living from gambling, though they are few. We know our own skills, and if they aren't enough to make a living from gambling, then it's better to just focus on the entertainment aspect. There are skill-based forms of gambling, such as sports betting, which I believe falls into that category. The name itself, "skills," suggests that if we have them, we can make a living from it. Don't close the possibility that we can succeed in sports betting, but always know our limits so we don't waste money chasing an outcome that is almost impossible for us.

The only way sports betting can be converted into passive income is through a related activity but not sports betting as such.

Like someone who writes a book on sports betting and charges royalties for it. It has an active part, which is when you write the book, but after that it is passive income.

The same is true if you set up a sports betting school. While you set it up, it will be active but you will still be paid after a while even if you don't do anything. If you do it right at the end you can have videos, charts and topics done, plus people working for you and do minimal or no work and get paid passively.

Also for a YouTube channel, you will do active work while making videos. But if you're good enough you'll still get paid for them after some time after you've posted them, even if you stop updating the channel.

I don't know if the skills possessed by gamblers will be balanced with their luck in gambling. however, we can see almost certain opportunities in sports betting. but not all of them will always be right according to predictions.
although I'm sure some do it, considering gambling as a job and a place to earn a living. I believe that only a small number of them succeed.
gamble responsibly. making gambling a source of income, either active or passive, will put certain pressure on gambling activities that may be forced to be done every day and win every day.

I know gamblers can finally consider gambling as their source of income because they can get consistent winning streaks. it gives a feeling of confidence. but a bad day can change everything in life.

If you are an avid fan of sports games for sure you will understand how players and teams play on the field. Of course, you want to take a try at how far they can go and trust their skills other bettors do the same thing. Hence, they keep doing a bet to try out their knowledge on the particular sports they chosen to place a bet, I don't consider gambling as a work that gives you instant money and passive income. Still, you can use your knowledge and skills to win the game and earn extra money at all.

If you have the skills, you rely on your consistency, so luck is not a factor as it can come and go. What you need is to be consistent in what you do, like winning with a higher percentage. If you're good at managing your bankroll, nothing is impossible then you'll surely become profitable in the long run. The reality is, most of us lose in the long run. I emphasize "most of us" because there are a few who do win in the long run.

After all, winning is not guaranteed in gambling, unlike in typical business. You can't, and certainly not OP, think gambling will be considered passive income or even another source of income. Although sports betting does not rely fully on luck, we can still rely on our future for unreliable sources. 

Indeed, you are right about mentioning the risk, but gambling is a riskier game than any other form of investment. It is far from running a business, as if you can manage it well, profit is possible, and you can consider it passive income. Unlike gambling, where you can't ensure that you will win every day. 
The difference is that if you become addicted to gambling, you will never win anymore but just lose. But if you get addicted to business, you will be earning more. 

There are different categories of people that gambles, some are for fun sake and others are to make money from it. Those that gambles for fun just wants to entertainment themselves mostly with the amount that they can afford to loose. But for those that gambles to make money from it can not do so as a main source of income because winning in gambling depends mainly on luck, there's no guarantee that you can win at the end of the day. So depending on gambling as a main source of income will be irresponsible gambling and can lead to addiction.

For me, I gamble for fun while also hoping that I can make money from it. However, my expectations don't always match reality. When I aim to make money, I often end up losing it. So, as a gambler, it's important to enjoy the process, even when we're losing. If I were consistently making money from gambling, I would have already quit my job to focus solely on it. But that's not the case right now, and maybe I just need more time to improve my skills. Still, I'm okay with this situation because I always maintain control when I gamble.

I only see one possible analogy, I know it's conceptually wrong , but when we start buying into the game, we can only achieve one thing , that the Income is low but constant, that is, in a casino if we play every day , well if we also play every other day or even once or twice a week, we can Conclude that if out of the 5 usd that we have available to play in the game session , if we win 1 dollar or 2 dollars it is enough to leave it there, then in another game session do it, that is, win little by little, but in the long term the results will be Seen , the same thing Happens in business , but for that you must have a unique discipline to achieve a good result.

You know that in gambling you lose more than you win and if you have 5usdt to gamble with the chance of you making little profit and you might end up losing the 5usdt without gaining profit. There are some days that you will not win at all and there is nothing you can do about it.

I don't see gambling as a means of income either passive or active because the profit is not guaranteed but losses is guaranteed. For that reason it doesn't serve as an income generating activity but for fun and you win by luck.

a gambler that understands that luck won't last forever and that has good risk management
a gambler that is on the positive after years and years of gambling
that should be a good gambler

not sure if they exist, though
I haven't met any

The question is:
Can you guarantee that you will consistently and successfully win more money every day than you lose them?

If yes, then it will be an active income, with its instability.

but if not, never depend on any income from gambling. This is something that cannot be predicted, not to bet on life, but enough on money, and reasonably.

Make sure you still have a job, and be safe ourselves to be able to manage our desires and emotions in gambling, so as not to fall into addictive gambling activities.

No one will be able to guarantee anything for a win that will provide active or passive income. Gambling is just a place to waste money on entertainment and if they are lucky they will get a bigger profit, but don't expect to continue to get it because the gambling system has been set up in such a way that it is more profitable for the casino owner.

A person who is too absorbed in gambling thinks that gambling is the only place for them to double their money without having to work hard, but in fact a lot of money they deposit into gambling and then lose, and they are only given one big win, but if calculated there will be more losses that occur.
It's like an illusion that makes them addicted, players will continue to play without thinking about how much money they spend to get the jackpot.

Yes, you're right, maybe I wasn't clear with what I said , it lends itself to thinking that , but I mean that sometimes there are casinos that offer profitability with their tokens, those that are casinos that manage their own tokens, well, one can interact with that, of course , it's a risk , there are many casinos that offer some profitability plans that are very good , but the trick is to take advantage of it from the beginning, because as time goes by that no longer works , but in itself it is better to see the gambling and betting games as what you say, luck factor and not get Excited about possible income or money that we do not have.

Considering sport betting as a complete game of luck is totally out of it, and that can only be done by those who don't know what it takes to analyze and predict a game that might not even still play as predicted and you will still have to predict again.

Sport betting's chances of winning in most cases are based on 60–70% of the person's prediction skill, and the rest is based on how lucky the gambler will be that very day. If we are to talk about games in which winning is based on luck, it should be for slot games.

Perhaps I agree that they're potential profits that one might be having consistently in gambling especially in casinos that offer those tokens but the truth remains that their is no justification to why one should consider gambling profits/gains as a passive or active income, infact if we hace to consider it a passive income then the chance of always wining should be high and partially guaranteed else its not to be consider either passive nor active income.

The best way to enjoy gamble is when it is seen as fun and not taking serious. Taking gambling serious and wanting to make money from it by all means can lead to lose of money.  Gambling can't be predicted it is better for gamblers to play with caution and not to put their full mind in it expecting a win at all time. The reason why some gamblers so much believe that they can make money from gambling is lack of understanding and overconfidence.
Normally gambling is a fun game because winning is like a surprise and it is fun to see this take place. Gamblers don't need to take gambling serious for money but just enjoy the fun in it.

I agree with you here was just discussing between luck and skill in another post but because there is so much research and knowledge that you have to know before placing these sports bets I would definitely say that it’s more of an active income, I would say the more passive one would be more of a lucky win here or there.

in general, all types of gambling cannot be predicted accurately about their victory. whatever gambling is done certainly involves luck for its victory so there is nothing certain that can make gamblers win in any gambling including sports betting. I agree with what you said, gambling should be done for the purpose of fun or entertainment if gamblers do gambling or betting seriously, they will likely only experience chaos with themselves because of the defeat that will occur more often and that is not from their expectations.
pleasure does exist in the form of victory, but if we only think about victory to get pleasure, of course that is not true, because when we gamble there is other pleasure such as from the flow of gambling that is done, I think a wise person in gambling will not only aim for pleasure in terms of victory, but they can get pleasure from other things. unfortunately most gamblers may be looking for victory because that is where the greatest pleasure is.

You are right from the point of view that you put it, yes, there is no doubt about that, in financial matters what you say is very true, but since this is gaming, there will always be an apparent risk, if we see it from that point of view, the fact of taking a risk with a "passive income" option, well, many assume it as good, but really what you say is reality, tokens and alts will always be double-edged swords for investors, for us if we buy them, we must be prepared for everything, to lose and even to win.

It's so sad that people do the opposite or should I say they practice gambling as passive income where they always expect to get something even though they know that's it involved risk where you may or may not make anything from it. If at all gambling is a passive income, I'm very sure that many casino wouldn't be functioning again because many people will be richer today from sport betting and some people might have stopped working and focus on gambling.

However, do you know that casino are passive income earners from gamblers, this is why they continue to make people and increase the rate of their marketing because it's only when they have more customers they make more money, no customers that gamble, no passive income but it's not the same with the gamblers, this is why gambling can never favour gamblers.

I absolutely agree with everything written. I have not yet met a single gambler who would completely pay his expenses from winnings from gambling. I know several people who bet on stop events several times a year because their favorite athlete is performing. But this is more likely more about adding to the event viewer and adding a little excitement to see whose forecast was more accurate from a group of friends and not about profit.

The ones who could really be able to sustain are to those people who are involved with sports betting or some card games like poker but of course to those individuals who do able to sustain themselves or making a living with these kind of gambling are the ones who had been doing gambling for so long or simply they had that experienced on which it did really give out that kind of ability on being sustainable despite of committing or having loses on which we know that it could be possible. This is why some gamblers are really that thriving to achieve such condition and this is why they do become that too desperate on the time or moment that they do gambling because they do love to achieve this kind of success on which we know that its not something simple or simply nearly impossible to achieve i would say. Passive income?
If you do talk about this manner then you wont really be needing to do some effort to earn money and this isnt something that you could include when doing betting.

Unless you have somehow constructed an AI program to automatically find and place bets for you, then it could only really be defined as an active income. Sure, if you are good at it and have found a viable strategy you might be able to do it from the comfort of your own home with relative ease, but it still requires you to interact with the bookmaker and place the bets. Just a reminder that most bookmakers will have terms and conditions that restrict you from using automated bots to place bets, because that can lead to major abuse or distortion of markets. If you are found using these devices your account will be closed and they definitely have the means to track down these sort of programs.

never seen people who earn money from gambling as a source of livelihood. I've tried it but it was in vain when collecting piles of profit every day but my mind was confused because of emotional hoping to bet big but on the contrary. the collected profits were lost because of greed. maybe there is a type like that out there but it rarely happens it will definitely be made difficult and not become a passive gambling income

more than that, even if you can guarantee, are you risking it all or are your risks controlled? this is important too because you may think you are ok in this matter but end up risking more than you should
than all it takes is one bad bet to wipe you out and put you back on the market looking for a salary

I don’t really consider sports betting winnings to be income at all but if you won a large enough bet that you had to withdraw instead of putting it back in then I would consider it active income. Passive income would be more along the lines of dividends from stock investments. Gambling is gambling and to call it income would be like calling betting a job.

That is wrong and mentality from anyone who think about that gambling is the best to sustain their life for me I cannot support such motion that somebody should be dependant on gambling in order to sustain anyone who believe on such theory I think that not pressing might end up with disappointment both cryptocurrency trading and Investment those things is not something somebody can depend on and you should be consider them as your side Hustle not the major thing that is generate income for you but many persons do see them as the source of generating money for their life and that is why some person is since gambling as a way that will continue to provide food for them

A gambling can not be considering as active of income since is not that the winning flush all the  times the wining always come in a luck ways, But anyone who is talking a gambling as best way of income it has never ready to find another sauces of  income; till after the gambling as finish up with him. Because the time that a person lost everything in gambling both the capital and the gains it will relay that a gambling is not for the those that have just little amount of money.

The reason why a lot of people fail when it comes to gamble is because they sustain all their life to gambling, and the life is not about that because a person will just depends on the gambling since not all the times you can win; there sometimes that you can win once in complete one month: that’s why it’s not good to sustained our life to gambling.