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

[electronicash]

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.

this is when you are already into such sport before you got into gambling. some users in crypto actually try to learn to gamble for the reason that they can make better posts in forums. it would take a lot of time for them to learn the sport and the politics in sports.

when the politics in sports intervene matches and bouts, its going to be a lot harder than learning to analyze what both teams and fighters got. its no passive income when you win one match and lose 3 match the next day.

[0t3p0t]

I think of it more of a bonus income rather than a passive income but it really depends on us on how we understand things because we do have different opinions on this. Though some gamblers I knew thinks that gambling winnings could be a passive income for some reason but yeah maybe it really is.

[libert19]

Look at my POV, a person who watches sports regularly, keeps up to date with it's all happenings, and makes bets according to his knowledge, and he is overall successful with his bets — to his own mind he does not feel like it's a work, his so called 'home work' as many would call it, just comes from the fact that he's passionate about sports and what he earns from betting is an extra income (i.e, passive).

[target]

Look at my POV, a person who watches sports regularly, keeps up to date with it's all happenings, and makes bets according to his knowledge, and he is overall successful with his bets — to his own mind he does not feel like it's a work, his so called 'home work' as many would call it, just comes from the fact that he's passionate about sports and what he earns from betting is an extra income (i.e, passive).

It will take a lot of experience to make it with knowledge and update to whats happening in sports. The ones who have some levelnof success are the ones who religiously follow and factors the politics in sports.

The ones who are lucky are the ones betting on odds that is close to winning which only an upset by means of a fluke. I think anyone can do this, betting $10 to win $0.20 seem not worth your time but done it constantly I guess youre going to win.

[robelneo]

I never use income when it comes to anything gambling because income is not guaranteed. When you say income, you expect profit from what you're doing, something you cannot apply on sports betting, which is considered gambling, its more of a risky venture where the outcome is considered a reward if you win a bet, but its not something you'll expect.

[TomPluz]

In my opinion, winnings from betting may not be fully categorized under passive income because as what OP said gamblers are actually doing many things to make sure their odds can be higher than usual and although luck may come in and do the work we know that Lady Luck do not smile to all, otherwise this would not anymore be gambling but a charity. Therefore, I do find bet winnings to be 50% active income and 50% passive income. I am not actually a gambler since I realized back then when i was just young that luck was not always on my side so risking money can be a big foolishness plus it would depressed me for days if I lose, therefore not good for my mental health.

[BitcoinHunt3r]

If a gambler wins every bet or makes a profit every week then he is potentially banned, that's the reason why I don't believe that gambling can be called passive income unless they are owners and investors which might make sense but if we talk about players it is not impossible.

[DragonF]

If a gambler wins every bet or makes a profit every week then he is potentially banned, that's the reason why I don't believe that gambling can be called passive income unless they are owners and investors which might make sense but if we talk about players it is not impossible.

It is preferable to live in reality rather than trying to imagine an outcome. In reality, it is not possible to win all of the time, and getting a ban from the bookies because you are constantly winning is also nearly impossible. It is not possible for the gambler to turn gambling into an active source of income. This is not a matter of proclamation because some gamblers will claim to be professionals with a high winning rate, but when you look closer, you may be surprised to find that most of these professionals do not profit over time.

For example, if I bet $1000 with an odd of 1.20 and win three times in a row, I would theoretically win $1700 and then imagine losing the next bet. That means I will lose $1,000 and end up with $700. This implies that profit is typically determined by the amount won rather than the number of wins.

[Agbe]

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?

I would consider sports bets winning to be passive incomes because first of all it's something that has a lot of uncertainties, no matter how good your predictions are you know that anything can still happen, you can either win or lose. Winnings from gambling generally are passive incomes and my reason for saying this is , even if you talk about sitting down to study and analyze games how long does it take compared to a full time job?? how many times in a week do you engage in this ?? You put in minimal efforts when you earn from sports betting than the efforts you put into your career or full time job, therefore it's a passive income

[Didia Sofunichi]

To some winnings from sports betting is a passive income. But to majority of gamblers it's their main source of income.

I have seen people quit their stressful and poor paying jobs to concentrate on gambling. For some their job is to predict and sell their predictions to gamblers.

But I personally think gamble should be a side hustle and not the main hustle

[Zed0X]

~ For some their job is to predict and sell their predictions to gamblers.

I wonder how many games one has to predict correctly before he could increase his reputation and get regular clients. It's no different to anyone selling their expertise in other fields but this has to be a riskier job because of the type of people he'll have to deal with. Anyway, income from selling predictions would still be considered as active income.

[Agbe]

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?

You can't classify income from sports betting winning as active income because it's not every time that one wins one of the characteristics of gambling is uncertainty it's very hard for someone to come across winning in gambling infact some times even a month one has not recorded a single win in gambling so I will classify winning in gambling as passive because there is high level of uncertainty in gambling because the risk associated with gambling is high so if one gets lucky and wins a ticket then it should be seen more like a passive income

[MUGNIA]

In my opinion, sports betting wins are more passive, where you won't win every time you bet, because as you said, winning in sports betting is really luck, unless the match has been arranged, who wins and who loses, it will be easy to guess if the match has been arranged by the bookie.

[electronicash]

In my opinion, sports betting wins are more passive, where you won't win every time you bet, because as you said, winning in sports betting is really luck, unless the match has been arranged, who wins and who loses, it will be easy to guess if the match has been arranged by the bookie.

bookies don't fix matches but they identify crowd's favorite team which is likely to win. most of the time people will bet on that team as well. there re just sports that are somehow hard to spot which team or athlete will win. boxing or MMA seem an easy for those fans, i tried to be a fan for awhile since i have followed the development of this sport but i just can't win big in a large parlay list.

sports betting can't be  source of passive income. soccer fans who have been following the sports since they were kids still lose in their bets.

[MUGNIA]

In my opinion, sports betting wins are more passive, where you won't win every time you bet, because as you said, winning in sports betting is really luck, unless the match has been arranged, who wins and who loses, it will be easy to guess if the match has been arranged by the bookie.

bookies don't fix matches but they identify crowd's favorite team which is likely to win. most of the time people will bet on that team as well. there re just sports that are somehow hard to spot which team or athlete will win. boxing or MMA seem an easy for those fans, i tried to be a fan for awhile since i have followed the development of this sport but i just can't win big in a large parlay list.

sports betting can't be  source of passive income. soccer fans who have been following the sports since they were kids still lose in their bets.

It's called gambling, we don't know for sure when we will win, everything is out of control, it only depends on luck, if you want to get an active and regular income, working is the best choice and stay away from gambling, because gambling is basically just for fun, not for a livelihood,

right?