Quote from: darkangel11 on Today at 06:22:23 PM

Quote from: shanz on Today at 01:16:17 PM

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.

This must be written by people who don't understand the term itself. Passive income is something that appears on your account without you having to do anything. Therefore, things where you have to put work to make money, or spend time doing something, are not passive in any way. Passive income is your bank giving you money every month as interest. It's bitcoin appreciating in your cold storage.
A situation where you have to make a bet every single time and risk losing the money is not passive income. It would be if you had a stake in the casino and they'd pay you dividends, but betting is definitely active income.

This is something that should really be realized because on the word passive alone then you could really be able to tell that you wouldnt really be needing on doing something for you to be able to make yourself that earn on which it would really be that truly understandable that you wont really be doing that like in doing betting/gambling on specific games or whatsoever you've been dealing on with.
It would really be totally opposes into the word itself that its not something passive because if we do mean up this word then this could really be obtained through those investments and business
on which we know that this is something that could really be obtained through this. Its not really that comes cheap when it comes to this manner but its something that most billionaires is really that getting involved into or to those millionaires on which this is considered to be passive.