If you really consider it, you can find a remarkable number of life’s situations that can be inherently risky. Nearly everything a person 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 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 any money market really is, legalized gambling, per se. You can look-at investing in terms of 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 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’s 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, dependent on more gadgets-with hope which you can cash in; or perhaps 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 very first lottery was held in the 16th Century, then called the Lotto de Firenze, and quickly adopted recent post by Multichain other Italian metropolitan areas. It became a national lottery, and still known today as the Lotto in Italy, as also adopted and called in many other countries, such as the USA. The lottery, as a form 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 simply chance alone; however 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 as well as your reputation. The same things you stand to gain when you take the possibility 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 usually a big 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.
