Are sports betting winnings more like active or passive income, and why?

[shanz]

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

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?

[Charles-Tim]

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.

Can you not see the bookies making money daily while most people that are betting are not making money than they are losing money. Do not see gambling as a means to earn passive or active income. Although, it is not passive but active. What is similar to passive income is holding.

[summonerrk]

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

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?

It seems to me that this is active income. Passive income is where you don't need to do anything at all, you can just sit and watch the deposit. And in sports betting you need to constantly make these same bets, which excludes this activity from the category of passive income. Passive income is most likely an investment.

[bisdak40]

For me, I think sports betting winnings are active income because it requires effort to win you need to research the team, player, and the odds of the game and decide where to lay your bets after researching. It's not the same as passive income, which comes from things like investments or rental properties and requires little continuous work on your part.

[Findingnemo]

To me it doesn't comes under the income category at all and even if you made considerable amount then consider it as a gift or treasure that may not be found again that's why we don't have to confuse the gambling with investment, profits and money making.

Professional poker players are there but people who analyse sports all are not really professional they just do it because they like the game a lot and when the greed kicks in they chose to take risks that's it.

[Kemarit]

Neither, how can be sports betting be considered a active income when you have to shell out some money to bet? Active income means that you rendered service, just like a regular job and then you get your money, as in this case salary. And so you have to generate some effort in exchange of money.

But in sports betting, yeah there is effort on your side because you analyze the game that you are going to bet. But still, you need some money too in order to bet and so that breaks the very definition of active income.

[target]

You need to be a casino owner to be able to consider gambling as active and passive income for you. I am not a seasoned gambler but I often bet when the sports match is hyped even on mainstream media.

Boxing can be a good option for me but its never a source. There are no high profile fights every week in his sports. Football I think is possible if you just follow all the league.

[DragonF]

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

Would you believe that Real Madrid with all the squad will draw against Mallorca? Are you aware that Drake just lost $450k? If you like spend all your time researching on games, you may not still win because research will not show you a player that will be injured in course of play, research will not show you a player that will be given red card, research will not tell you if the officials will be bias, research will not tell you if the team will be on their best on the match day. These are some of the factors that makes prediction difficult and that is why it is often said that gambling is a game of luck.

[Captain Corporate]

It is %100 active, there is no logic that would consider this passive at all. We are talking about actively betting, you can't just bet once and leave it be, you have to keep on betting which means that its an active income. While I also think that its a long term loss, meaning that if you keep on betting forever, eventually you will be at a loss, it could be from the first bet, it could be your thousandth bet, but eventually you will be at a loss without a doubt. This is why I honestly suggest you to avoid such a thing, its not going to give you a good return, so do not do this for income, do it because its fun.

[Zed0X]

Passive income is like an overrated term and used loosely by sellers of financial products Those who call the profits earned from gambling as passive income are probably as confused as those promoters.

You need to be a casino owner to be able to consider gambling as active and passive income for you.

But owners usually have a direct hand in the activities of the business. Maybe if it's a silent partner that don't have active involvement or participation in decision making and operations.

[electronicash]

you just can't constantly win your bets on sports. there may be times you win but it could be taken back to you the next day besides you need to wager a huge amount to support yourself and sustain in the long run. sports betting is not a source of income, you will eventually lose.

but there are casinos that releases tokens and that you can invest to it and stake which you can constantly earn a passive income depending on how much you invest. and it also depend on which casino this would be. there are few that seem to be legit.

[Rubel007]

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

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?

We generally mean passive income where we can get approximately certain amount of money regularly by investing. But there is no such opportunity in betting which is why I must say that it is not a passive income. Although gambling has passive gambling term but I would support gambling income as active.

[LUCKMCFLY]

I wouldn't put it in any of those classifications, because basically making a sports bet means that you are taking a high, medium or low risk, depending on the amount you bet, but basically when we should not classify it as something like that, but when we place ourselves to have any type of classification here, well it is not advisable, because passive income is when it is generated even when we are sleeping, and I don't see it that way, it is very risky and the truth is I would classify it as money only for casinos and sports betting.

[LogitechMouse]

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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?

A quick google search of the definition of passive income and here's what will come out: LINK

Passive income refers to money earned from sources other than a traditional job, requiring little time or effort

Sports bets are considered minimal effort unless you're doing in-depth analysis on every game that's happening which I don't think mostly are doing. Do I consider it a passive income since it only requires us little time or effort in order to win? If I will base on the definition of Investopedia, it might be, but this is the riskiest passive income source that I've seen because your chances of winning on a sports bet depends on how knowledgeable you are, and of course a little bit of luck.

Excluding the definition that I shared, I will not include it as either passive or active income because of the risk that it has.

[Rruchi man]

What do you think?

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.