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If you really consider it, you can find out here now a remarkable range of life’s situations that will be 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 is going to be better with pleasant expected returns on investment; or perhaps 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 within any money market really is, legalized gambling, per se. You may look-at investing in terms of 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 have 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 is 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, reliant on more gadgets-with hope you could 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 very first lottery was held within the 16th Century, then called the Lotto de Firenze, and quickly adopted by 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 type of government-licensed gambling, involves drawing of lots for a range 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; although the lottery won’t require any special skills-set to play.
As with any risk, there’s always something at stake. Even when you opt to take the risk of starting a business, you stand to lose money, time and your reputation. The same things you stand to gain when you take the opportunity to start your own business. The lots you buy to play the lottery are today within the type of tickets and the prize is usually a sizable 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.
