If you really consider it, you’ll find an extraordinary number of life’s situations that 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 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 but “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’s 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 choose 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 is 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 on more gadgets-with hope that you can cash in; or possibly 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 first lottery was held within the 16th Century, then called the Lotto de Firenze, and casino online quickly adopted by other Italian towns. It became a national lottery, but 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 a wide selection of winnings as well as for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or simply chance alone; although the lottery doesn’t require any special skills-set to play.
As with any risk, there is always something at stake. Even if you opt 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 possibility to start your own business. The lots you buy to play the lottery are today within the type of tickets and the prize is often a sizable sum of money. The draws are random and every player has an equal chance of winning the main prize which often grows really big with massive roll over jackpots.
