If you really consider it, you’ll find an amazing range of life’s situations which are 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 probability of being killed in a transportation accident. In face of today and everything you know about investing, be it 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 will probably be better with pleasant expected returns on investment; or possibly 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 within any money market really is, legalized gambling, per se. You may 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 choose to possess 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 individuals, buying more stuff, utilizing more energy, dependent upon more gadgets-with hope which you can cash in; or possibly not. You are basically “betting” on all of it.
So it is, with the official lottery-a type of gambling with origins in Florence, Italy, where the very first lottery was held in the 16th Century, then called the Lotto de Firenze, and quickly adopted by other Italian cities. It became a national lottery, and still known today as the Lotto in Italy, as also adopted and called in several other countries, such as the USA. 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 if you decide to take the risk of starting a business, you stand to lose money, time and 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 within the type of tickets and also the prize is usually a big sum of cash. 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.
