Post
Topic
Board Gambling discussion
Re: Are sports betting winnings more like active or passive income, and why?
by
tread93
on 30/08/2024, 00:07:17 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

I agree with you here was just discussing between luck and skill in another post but because there is so much research and knowledge that you have to know before placing these sports bets I would definitely say that it’s more of an active income, I would say the more passive one would be more of a lucky win here or there.