Is a betting site considered as a passive income?

[sweerie_banana]

I joined a betting site almost 26 days ago. I started with $3. So far it's been double the amount I started with. You have to bet against the score of the game and you earn just a couple of shillings depending on the starting capital that you invested in. Have you ever earned passive income through such sites? I was hoarding the money cause I want to withdraw when it was a reasonable amount.
The site has live betting shows in case someone is interested I can share with you the link you check out. There's also an advisor who guides you on how to bet every day, and there is a CPP plan that can cover the money you started to invest with. I haven't made much considering I started with small capital but I intend to increase my capital and see if my investment will double.
Some people earn more by referring to others. I haven't registered anyone yet but I love the platform so far.

 

[sebeck]

No, never!

You burn your money! This sites are only for fun.

 

[ashharzama1]

No it can't be considered as passive income because there is no guarantee of winning every time. In fact you could loose all your at a sudden. So stop considering it as a passive income . There are many other ways on et that you can consider as passive income but not betting. so try and search some alternative ways of passive earning other than betting sites.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

[Ajebo25]

honestly I don't think betting is a way to earn passive income because seriously we all know that betting is good and also bad because there's no guarantee that you can win what you place a bed for I have witnessed many people lose thousands of dollars just to win a bet but unfortunately it seems that the game is rigged because whenever you play with a high money I noticed people like that doesn't win.

the best thing you should do is focus on online business try to create a blog and make money from it or you can find survey websites which is for answering questions but if you don't like online business you can start a personal offline business which is guaranteed that you make money from it online betting which you just invest your money at your own risk.

 

[Ajebo25]

unfortunately I don't think that a betting platform can make a person rich because when we talk about riches you will need to set a goal for yourself to achieve and a person that has set a goal for himself or herself doesn't do betting because in the game of gambling there isn't guarantee that you will win every money you stake I know many people who have stayed high amount of money and eventually they lost you shouldn't depend on betting platform to earn a living.

instead I don't think that any online platform can make you rich overnight that is if you put betting as ID if you really want to get a sustainable amount of money monthly then I'll suggest that you start a blogging career it is not hard all you need is consistency and focus.

 

[Fireworks]

I have been making bets too. Sports betting to be precise. Betting is a risky and addictive option. When you have control and are doing it fornfun it reduces the risk of getting addicted. I bet once every month, with $5 only since its the minimum.amount you can deposit. My wins are more then my losses. I have made a maximum of $76 from a $5 deposit. I have learned to bet smart not that it has stoped me from losing but is has kept my losing streak at a minimum. I bet in football since it's the only sport I am familiar with but I am really not a sports fan.

 

[alnevsky]

No, never!

You burn your money! This sites are only for fun.

Thank you for expressing my thoughts, mate. I was telling my friends this while we were betting at OLE777's sportsbook yesterday...

 

[CarlB]

Passive income is income you can earn without working directly at it. You can earn passive income in any way you want. For example, you can write an e-book and sell it on Amazon, or you can create an online business that earns you money while you're working and while you aren't.

Betting site is neither active nor passive income if you are working as a sportsbook representative. You are not giving your time, your effort or your expertise to anyone. They are betting sites that include casino games and sportsbook. A casino game is active income because you’re the one who is dealing with the gamblers. You’re the one who is attracting them. You are the one who is convincing them to play with you. You’re the one who is dealing with their queries, you have to entertain their needs and whatnot. A sportsbook is passive income because you don’t need to go out and find new customers, you don’t need to convince them to play with you and you don’t even have to work at all. You just have to wait for the customers to come to you. While it is passive income, it is not passive income at all if you are a sportsbook representative because your income is dependent on how much you bet. What’s the use if you’re betting but you are not making any money at all?

 

[paulandrws]

Passive income is income you can earn without working directly at it. You can earn passive income in any way you want. For example, you can write an e-book and sell it on Amazon, or you can create an online business that earns you money while you're working and while you aren't.

Betting site is neither active nor passive income if you are working as a sportsbook representative. You are not giving your time, your effort or your expertise to anyone. They are betting sites that include casino games and sportsbook. A casino game is active income because you’re the one who is dealing with the gamblers. You’re the one who is attracting them. You are the one who is convincing them to play with you. You’re the one who is dealing with their queries, you have to entertain their needs and whatnot. A sportsbook is passive income because you don’t need to go out and find new customers, you don’t need to convince them to play with you and you don’t even have to work at all. You just have to wait for the customers to come to you. While it is passive income, it is not passive income at all if you are a sportsbook representative because your income is dependent on how much you bet. What’s the use if you’re betting but you are not making any money at all?

Very well explained. I completely understand. Since we're discussing casino games and sportsbooks, what platform do you use to bet on? Have you tried OLE777? What's your take on it? I'm asking for honest feedback because I'm considering giving it a shot.

 

[Etini]

I have never considered gambling as a source of income at all. Not to talk of it being a source of passive income. Betting sites are part of gambling and it is a no-no for me. What is the probability that you would win on a betting site 3 out of 15 times? The probability is very low.

Betting is at best a hobby. For something to be considered a passive source of income, it is something that you do part-time but it is guaranteed to add something to your account no matter how small. Betting on the other hand takes money from you.

I would not advise anybody to regard betting sites as a source of income at all. It is too volatile. There are more guaranteed platforms one can invest time and creativity and earn. The boys around me that do betting as a source of income are all broke and beggarly.

 

[Forse]

Betting on sports is a gamble. This kind of activity can be seen as entertainment, but not as a source of passive income. At any time you can lose the entire amount.

 

[saoussen5765]

In betting companies all what you do is predict and waiting for earnings. All what you earn is matter of luck means there is no guarantee that you will earn. There is repetitive scenario between all people that makes bet is that every day in combo bet there is one mistake. Then this scenario let you lose everyday 0,50 EUR that could be a fortune 16,50 EUR by the end of month.
If you make a little calculation it is 183 EUR yearly that could let you may resolve many financial problems. Rarelly someone wins then what is done by broker is that he is paying some pennies and earning a fourtune from people.
If you calculate things by this way this is normal case.
Some people are doing 7 or 8 combo bets even with 100 EUR or 200 EUR per combo bet dreaming with fortune and someone you hear that someone earns 200 EUR you will say it is good opportunity to earn.
By this little calculation you find that there is some others diversifying plays like poker or baccarat or slot machine means daily loses will be bigger for dreaming to earn a lot of money from gambling to restore part from your loses. But this will never happen one day.

 

[cashisking149]

You mathematically beat bookies and casinos if you understand the maths of value. Failure to do this means they have the edge on you and and therefore you lose over time. Even if you find the value in your favour, this is still clearly active income.

 

[JacobWatson]

Hey! Considering a betting site as passive income has its nuances. While some may earn consistently, it's crucial to acknowledge the risks. Passive income implies minimal effort, but successful betting requires research, strategy, and ongoing attention.

If you're exploring other avenues, consider trying free online slot games. They offer a relaxed and enjoyable experience without the risk involved in betting. It's a great way to unwind and have fun without the pressure. Remember, the key is finding what suits your lifestyle and risk tolerance.

 

[Mika]

Betting is gambling and I do not consider gambling to be an income source, if you want to gamble to make money, likely, you will never make money. Well, you might win some days and make some money but the very next day you can lose money, even lose the amount you won previous day. Betting is not an income source, let alone being a passive income. If you want to make money form speculations, trading can be a better option , you can trade forex, stocks or even cryptos.