If you really think about it, you’ll find an extraordinary range of life’s situations that can be inherently risky. Nearly everything a person does is some type 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’s nothing more than “betting” that someday tomorrow is going to be better with pleasant expected returns on investment; or possibly not. There is just 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 any money market really is, legalized gambling, per se. You can look-at investing with regards to chart formation, or you put your hard earned money within the utilities anticipating once they are “due”, you cash in or again maybe not; or you decide to have any one of 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’s not gambling, then what is? Basically, you are betting that in 5, 10 or 15 years from now there will be more folks, buying more stuff, utilizing more energy, dependent upon more gadgets-with hope that one can cash in; or maybe not. You are basically “betting” on all of it.
So it really is, with the lottery-a type of gambling with origins in Florence, Italy, where the first lottery i was reading this held within the 16th Century, then called the Lotto de Firenze, and quickly adopted by other Italian cities. It became a national lottery, but still known today as the Lotto in Italy, as also adopted and called in lots of other countries, such as the United States. The lottery, as a form of government-licensed gambling, involves drawing of lots for a range of winnings as well as for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or just chance alone; but the lottery isn’t going to require any special skills-set to play.
As with any risk, there is always something at stake. Even if you choose 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 whenever you take the chance to start your own business. The lots you buy to play the lottery are today within the type of tickets as well as the prize is often a sizable sum of money. The draws are random and every player has an equal chance of winning the major prize which often grows really big with massive roll over jackpots.
