Are sports betting winnings more like active or passive income, and why?

[shanz]

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

[Upgrade00]

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.

[Beparanf]

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.

[Frankolala]

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

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.

[_act_]

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.

[Pandorak]

[...] This is only my point of you... what do you think

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.

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. [...]

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.

[AmoreJaz]

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

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.

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.

[Distinctin]

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.

[Dewi Aries]

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.

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.

[Porfirii]

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.

-snip-

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.

[seoincorporation]

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.

[BABY SHOES]

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.

[len01]

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.

[Jawhead999]

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.

I see that many people confuse between passive income and additional/side income, while both of them are different.

[passwordnow]

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

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.

[GreatArkansas]

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.
(....)

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.

[milewilda]

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

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.

[Fiatless]

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

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.     

[Rabata]

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.

[DaNNy001]

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.

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.