Post
Topic
Board Gambling discussion
Re: Are sports betting winnings more like active or passive income, and why?
by
South Park
on 24/08/2024, 17:06:23 UTC
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. However, I don’t consider gambling, especially sports betting, to be passive income. You know, professional gamblers put in significant work to analyze matches—they read news, collect data, create strategies, engage in discussions, and some even use AI to compare results...Well it's a whole process Wink

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
Passive income is money that you generate while doing nothing, like the royalties that come from writing a book, once that book is written there is nothing else for the writer to do except to enjoy their monthly checks, sport bets require a great deal of work to be done to make any money, so it is evident that it cannot classified as passive income as there is nothing passive about it, since the amount of time and effort you will have to spend in order to have a chance of earning any money is significant.