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

[virasog]

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.

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 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.

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.

[South Park]

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

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.

[Slow death]

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.

[Distinctin]

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.

[Don Pedro Dinero]

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.

[Pandu Geddon]

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.

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.

[Peanutswar]

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 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.

[Distinctin]

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.

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 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.

[mirakal]

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.

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. 

[Kelward]

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.

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.

[Viscore]

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.

[LUCKMCFLY]

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.

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.

[Frankolala]

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.

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.

[l3pox]

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?

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

[TelolettOm]

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

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.

[taufik123]

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.
-snip-

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.

[LUCKMCFLY]

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.

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.

[Orpichukwu]

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

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.

[Churchillvv]

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.

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.

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.

[Rockstarguy]

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.

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.