If you really consider it, you can find an extraordinary range of life’s situations that are 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, 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 is nothing more than “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or even 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 almost 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 when 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’s not gambling, then what is? Basically, you are betting that in 5, 10 or 15 years from now there will be lots of folks, buying more stuff, utilizing more energy, dependent on more gadgets-with hope that you 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 within 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 many other countries, including the United States. The lottery, as a form of government-licensed gambling, involves drawing of lots for a wide selection of winnings and then for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or simply chance alone; though the lottery won’t require any special skills-set to play.
As with any risk, there is 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 whenever you take the possibility to start your own business. The lots you buy to play the online lottery are today in the type of tickets and the prize is usually a large 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.
