If you really think about it, you will find an extraordinary number of life’s situations that can be inherently risky. Nearly everything someone 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, 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 but “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or maybe 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 within any money market really is, legalized gambling, per se. You may look-at investing with regard 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 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 lots of folks, buying more stuff, utilizing more energy, dependent upon more gadgets-with hope that you may cash in; or perhaps not. You are basically “betting” on all of it.
So it is, with the trusted lottery dealer-a type of gambling with origins in Florence, Italy, where the 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, and still known today as the Lotto in Italy, as also adopted and called in several other countries, such as the USA. The lottery, as a type 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 just chance alone; though the lottery does not require any special skills-set to play.
As with any risk, there is always something at stake. Even if you choose to take the risk of starting a business, you stand to lose money, time and your reputation. The same things you stand to gain whenever you take the opportunity to start your own business. The lots you buy to play the lottery are today within the form of tickets and the prize is often a big 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.