If you really think about it, you’ll find an extraordinary range of life’s situations which are 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 probability of being killed in a transportation accident. In face of today and everything you know about investing, whether it be in business, an asset class (stocks, bonds, real-estate, cash and commodities), or index fund, even in its most basic element, it is nothing but “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or perhaps not. There is only one big risk you should avoid and that’s 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 can look-at investing with regards to chart formation, or you put your money within the utilities anticipating once they are “due”, you cash in or again maybe not; or you decide to possess 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 individuals, buying more stuff, utilizing more energy, determined by more gadgets-with hope which you can cash in; or even not. You are basically “betting” on all of it.
So it 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 by other Italian towns. It became a national online lottery, but still known today as the Lotto in Italy, as also adopted and called in several other countries, including the USA. The lottery, as a form of government-licensed gambling, involves drawing of lots for a wide selection of winnings and for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or simply chance alone; but the lottery isn’t going to require any special skills-set to play.
As with any risk, often there is something at stake. Even when 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 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 as well as the prize is usually a big sum of cash. 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.
