Re: Are sports betting winnings more like active or passive income, and why?
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
Of all the time I gamble or place a bet, I never think that I can make money out of it and make gambling as a source of income that is a wrong mindset and all the casinos experts and casinos have always advice gamblers to not treat gambling as a source of income because you can't and there is no way to do that.
There is only minimal loss if you have a legit business compared to gambling who's profit is not guaranteed, wrong mindset and wriong treatment of gambling will make you lose a lot of money, never invest in gambling only allocate money that you can afford to lose.