Ninjastic
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Board Gambling discussion
Re: Are sports betting winnings more like active or passive income, and why?
by
Dewi Aries
on 22/08/2024, 12:34:09 UTC
Quote from: $weetne$$ on Today at 09:31:02 AM
Quote from: shanz on August 19, 2024, 01:16:17 PM
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 Huh

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.