In the past folks usually engage in gambling as a form of leisure activity. However, with the introduction of crypto gambling, the story has changed.
By the end of 2023, crypto gambling will reach its value of $93 billion. Presently, there are people who have taken crypto gambling very seriously. For them, it is like a side-hustle with the potential to generate passive income.
Passive income is money from a side-hustle. That is, it is not the regular income from your day job or business.
The caveat here is that for crypto gambling to be considered an alternative means of income, you must have the skills, and experience. The should be able to win most of your games. You must be a responsible gambler that is, there must be a set limit, an acceptable amount must be wagered, and you must know when to stop yourself even if you are having a winning streak.
What do you think:
1) Have you ever considered gambling as a means of generating passive income for yourself?
2) Do you think it can become a source of reliable passive income for you?
Passive income is income from capital (dividends, rental payments, etc.).
Passive income is income that a person receives without taking active actions. A person does not work, but there is income. Crypto gambling cannot be a source of passive income.
Gambling is usually based on luck (playing with fate).
Some games of chance require skills and abilities (for example, poker). In order to become a professional poker player, you need both special skills and specific character traits (analytical mindset, calmness, composure).
In my opinion, gambling should not be considered as a source of income, especially passive income.