Quote from: shanz on August 19, 2024, 01:16:17 PM

When we research online, we often find that gambling winnings are considered passive income

Show me one of those researches! One!!!
Passive income means you don't do anything to gain money from that activity, you just hold an asset like stocks or a house you rent and thus you earn passive income, gambling is an activity, so even if by some sort of cosmic luck you would keep making money on a regular basis it would still not be passive!

I saw some pretty weird stuff around here, like gambling diving up revenues for the poor but this is another one that hits the top with low accuracy claims.

Quote from: Rruchi man on Today at 09:08:23 PM

I consider sports betting, in particular, passive income for a lot of reasons.

- Analyzing sports games requires effort, but not so much effort when you compare it with other things like trading. You have to really put in work and effort into trading to see results.
- Sports betting does not require so much of your time.

It's not passive because:
-not each action of the same effort and time (bet) returns a profit
-there is no constant flow from your action, you bet and you win, to earn more you have to bet again, so no passiveness
-you need constant capital flow and investment, once you top putting money the revenue is zero
-selling lemonade is easy stuff, but it's still not a passive income
-no passive income generation can result in a total loss of capital on your actions alone