How much can I earn from Axie Infinity?

Could you please explain in detail, how much profit can be potentially generated through Axie Infinity? Is there a specific formula or range that can be used as a reference for potential earnings? Also, are there any factors that could significantly impact these earnings, such as the market conditions or the player's skills? Could you elaborate on the risks involved, and how they might affect the overall profitability? Additionally, is there a recommended approach or strategy that players should adopt to maximize their earnings from Axie Infinity? Thank you for your assistance in clarifying these matters.