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

[bitbollo]

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!

[m2017]

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

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.

[bering]

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

[ralle14]

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 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.

[Fivestar4everMVP]

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

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.

[Juse14]

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.

[Sandra_hakeem]

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.

[betswift]

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.

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.

[Agbamoni]

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.

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.

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

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.

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.

[darkangel11]

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.

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.

[betswift]

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.

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.

[rahmad2nd]

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

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.

[Marvelockg]

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

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.

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

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.

[Quidat]

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.

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.

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.

[Davidvictorson]

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

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.

[Assface16678]

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.

[Samlucky O]

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.

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.

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

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

[acroman08]

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.

[l3pox]

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!

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?

[Darker45]

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.