If you really think about it, there are a remarkable number 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 prospects 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 is nothing but “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 with regards to chart formation, or you put your hard earned money in the utilities anticipating when 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 is 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, determined by more gadgets-with hope which 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 very first lottery was held in the 16th Century, then called the Lotto de Firenze, and quickly adopted by other Italian metropolitan areas. It became a national lottery, but still known today as the Lotto in Italy, as also adopted and called in lots of other countries, such as the United States Of America. The lottery, as a type 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; though the lottery online will not 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 chance to start your own business. The lots you buy to play the lottery are today in the type of tickets and also the prize is usually a big sum of cash. 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.
