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Passive Income
Is a betting site considered as a passive income?
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[QUOTE="CarlB, post: 268812, member: 84744"] 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? [/QUOTE]
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Is a betting site considered as a passive income?
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