If you really think about it, there are an amazing 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 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 is going to be better with pleasant expected returns on investment; or perhaps 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 in terms of chart formation, or you put your money within the utilities anticipating when they are “due”, you cash in or again maybe not; or you decide 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’s 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, reliant on more gadgets-with hope that one can cash in; or even not. You are basically “betting” on all of it.
So it is, with the lottery-a form 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 cities. It became a national lottery, but still known today as the Lotto in Italy, as also adopted and called in many other countries, including the United States Of America. The lottery, as a type of government-licensed online gambling agency, involves drawing of lots for an assortment of winnings and for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or simply chance alone; though the lottery doesn’t require any special skills-set to play.
As with any risk, there’s always something at stake. Even when you elect to take the risk of starting a business, you stand to lose money, time as well as your reputation. The exact same things you stand to gain whenever you take the possibility to start your own business. The lots you buy to play the lottery are today in the form of tickets and the prize is usually a sizable 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.