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

[tread93]

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 agree with you here was just discussing between luck and skill in another post but because there is so much research and knowledge that you have to know before placing these sports bets I would definitely say that it’s more of an active income, I would say the more passive one would be more of a lucky win here or there.

[Jody.Drummer]

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.

in general, all types of gambling cannot be predicted accurately about their victory. whatever gambling is done certainly involves luck for its victory so there is nothing certain that can make gamblers win in any gambling including sports betting. I agree with what you said, gambling should be done for the purpose of fun or entertainment if gamblers do gambling or betting seriously, they will likely only experience chaos with themselves because of the defeat that will occur more often and that is not from their expectations.
pleasure does exist in the form of victory, but if we only think about victory to get pleasure, of course that is not true, because when we gamble there is other pleasure such as from the flow of gambling that is done, I think a wise person in gambling will not only aim for pleasure in terms of victory, but they can get pleasure from other things. unfortunately most gamblers may be looking for victory because that is where the greatest pleasure is.

[LUCKMCFLY]

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.

You are right from the point of view that you put it, yes, there is no doubt about that, in financial matters what you say is very true, but since this is gaming, there will always be an apparent risk, if we see it from that point of view, the fact of taking a risk with a "passive income" option, well, many assume it as good, but really what you say is reality, tokens and alts will always be double-edged swords for investors, for us if we buy them, we must be prepared for everything, to lose and even to win.

[Huppercase]

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

It's so sad that people do the opposite or should I say they practice gambling as passive income where they always expect to get something even though they know that's it involved risk where you may or may not make anything from it. If at all gambling is a passive income, I'm very sure that many casino wouldn't be functioning again because many people will be richer today from sport betting and some people might have stopped working and focus on gambling.

However, do you know that casino are passive income earners from gamblers, this is why they continue to make people and increase the rate of their marketing because it's only when they have more customers they make more money, no customers that gamble, no passive income but it's not the same with the gamblers, this is why gambling can never favour gamblers.

[nimogsm]

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 absolutely agree with everything written. I have not yet met a single gambler who would completely pay his expenses from winnings from gambling. I know several people who bet on stop events several times a year because their favorite athlete is performing. But this is more likely more about adding to the event viewer and adding a little excitement to see whose forecast was more accurate from a group of friends and not about profit.

[Koadharber]

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 absolutely agree with everything written. I have not yet met a single gambler who would completely pay his expenses from winnings from gambling. I know several people who bet on stop events several times a year because their favorite athlete is performing. But this is more likely more about adding to the event viewer and adding a little excitement to see whose forecast was more accurate from a group of friends and not about profit.

The ones who could really be able to sustain are to those people who are involved with sports betting or some card games like poker but of course to those individuals who do able to sustain themselves or making a living with these kind of gambling are the ones who had been doing gambling for so long or simply they had that experienced on which it did really give out that kind of ability on being sustainable despite of committing or having loses on which we know that it could be possible. This is why some gamblers are really that thriving to achieve such condition and this is why they do become that too desperate on the time or moment that they do gambling because they do love to achieve this kind of success on which we know that its not something simple or simply nearly impossible to achieve i would say. Passive income?
If you do talk about this manner then you wont really be needing to do some effort to earn money and this isnt something that you could include when doing betting.

[Fortify]

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

Unless you have somehow constructed an AI program to automatically find and place bets for you, then it could only really be defined as an active income. Sure, if you are good at it and have found a viable strategy you might be able to do it from the comfort of your own home with relative ease, but it still requires you to interact with the bookmaker and place the bets. Just a reminder that most bookmakers will have terms and conditions that restrict you from using automated bots to place bets, because that can lead to major abuse or distortion of markets. If you are found using these devices your account will be closed and they definitely have the means to track down these sort of programs.

[irsykes]

never seen people who earn money from gambling as a source of livelihood. I've tried it but it was in vain when collecting piles of profit every day but my mind was confused because of emotional hoping to bet big but on the contrary. the collected profits were lost because of greed. maybe there is a type like that out there but it rarely happens it will definitely be made difficult and not become a passive gambling income

[l3pox]

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.

more than that, even if you can guarantee, are you risking it all or are your risks controlled? this is important too because you may think you are ok in this matter but end up risking more than you should
than all it takes is one bad bet to wipe you out and put you back on the market looking for a salary

[OgNasty]

I don’t really consider sports betting winnings to be income at all but if you won a large enough bet that you had to withdraw instead of putting it back in then I would consider it active income. Passive income would be more along the lines of dividends from stock investments. Gambling is gambling and to call it income would be like calling betting a job.

[Onyeeze]

never seen people who earn money from gambling as a source of livelihood. I've tried it but it was in vain when collecting piles of profit every day but my mind was confused because of emotional hoping to bet big but on the contrary. the collected profits were lost because of greed. maybe there is a type like that out there but it rarely happens it will definitely be made difficult and not become a passive gambling income

That is wrong and mentality from anyone who think about that gambling is the best to sustain their life for me I cannot support such motion that somebody should be dependant on gambling in order to sustain anyone who believe on such theory I think that not pressing might end up with disappointment both cryptocurrency trading and Investment those things is not something somebody can depend on and you should be consider them as your side Hustle not the major thing that is generate income for you but many persons do see them as the source of generating money for their life and that is why some person is since gambling as a way that will continue to provide food for them

[AYOBA]

A gambling can not be considering as active of income since is not that the winning flush all the  times the wining always come in a luck ways, But anyone who is talking a gambling as best way of income it has never ready to find another sauces of  income; till after the gambling as finish up with him. Because the time that a person lost everything in gambling both the capital and the gains it will relay that a gambling is not for the those that have just little amount of money.

The reason why a lot of people fail when it comes to gamble is because they sustain all their life to gambling, and the life is not about that because a person will just depends on the gambling since not all the times you can win; there sometimes that you can win once in complete one month: that’s why it’s not good to sustained our life to gambling.