If you really think about it, you can find an extraordinary number of life’s situations that will be inherently risky. Nearly everything someone does is some form of gambling. Even with such mundane act of getting up and going to work, increases one’s chances of being killed in a transportation accident. In face of today and everything you know about investing, whether it is in business, an asset class (stocks, bonds, real estate, cash and commodities), or index fund, even in its most basic element, it really is nothing but “betting” that someday tomorrow is going to be better with pleasant expected returns on investment; or even not. There is only one big risk you should avoid and that is the risk of doing nothing and not taking your chance.
Come to look-at it in face value, investing in almost any money market really is, legalized gambling, per se. You can look at investing when it comes to chart formation, or you put your hard earned money in the utilities anticipating once they are “due”, you cash in or again maybe not; or you decide to have any among the hundreds of analysts culling spreadsheets or fund index investors work on the fundamentals of investing for you in manufacturing, real-estate, cash and commodities-no matter what your reasoning for that, if that is not gambling, then what is? Basically, you are betting that in 5, 10 or 15 years from now there will be more people, buying more stuff, utilizing more energy, reliant on more gadgets-with hope that one can cash in; or perhaps not. You are basically “betting” on all of it.
So it’s, with the lottery-a type of gambling with origins in Florence, Italy, where the first lottery was held in the 16th Century, then called the Lotto de Firenze, and quickly adopted by other Italian towns. It became a national lottery, and still known today as the trusted lotto dealers in Italy, as also adopted and called in lots of other countries, such as the United States. The lottery, as a type of government-licensed gambling, involves drawing of lots for an assortment of winnings and for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or just chance alone; although the lottery doesn’t require any special skills-set to play.
As with any risk, there’s always something at stake. Even when you decide to take the risk of starting a business, you stand to lose money, time and also your reputation. The exact same things you stand to gain when you take the chance to start your own business. The lots you buy to play the lottery are today in the form of tickets and also the prize is often a sizable sum of money. The draws are random and every player has an equal chance of winning the key prize which often grows really big with massive roll over jackpots.
