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

[peter0425]

While gambling profits are taxed I do not consider them to be income at all.

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

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.

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.

[EluguHcman]

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.

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.

[bitzizzix]

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.

[Yaunfitda]

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

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.

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

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.

[Poker Player]

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.

[Jody.Drummer]

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

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.

[retreat]

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.

[betswift]

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.

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.

[Julien_Olynpic]

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.

[betswift]

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.

[davis196]

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

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.

[Oluwa-btc]

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 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.

[Lida93]

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 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.

[Dewi Aries]

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 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.

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.

[bangjoe]

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.

[Cryptoprincess101]

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

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.

[Z_MBFM]

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.

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.

[Hispo]

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.

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?

[l3pox]

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.

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

[GigaBit]

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

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.