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

[Outhue]

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

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.

[sompitonov]

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

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.

[$weetne$$]

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

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.

[ethereumhunter]

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.

[Dewi Aries]

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

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.

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.

[Strongkored]

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.

[Dailyscript]

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

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.

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.

[l3pox]

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.

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

[betswift]

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?

[Forsyth Jones]

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.

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.

[aioc]

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

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.

[betswift]

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

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.

[Findingnemo]

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.

[Dr.Bitcoin_Strange]

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.

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. 

[Rruchi man]

what do you think

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.

[Casdinyard]

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.

[stompix]

When we research online, we often find that gambling winnings are considered passive income

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.

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.

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

[junder]

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. 

[EarnOnVictor]

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.

[crwth]

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.