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- Wpisy
If you really consider it, there are actually an amazing range 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 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’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’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 may 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 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’s 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 on more gadgets-with hope that you may 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 first lottery was held within the 16th Century, then called the Lotto de Firenze, and 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 lots of other countries, such as the United States. The lottery, as a form of government-licensed online gambling agency, 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 simply chance alone; however the lottery isn’t going to require any special skills-set to play.
As with any risk, often there is something at stake. Even if you elect 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 chance to start your own business. The lots you buy to play the lottery are today within the form of tickets as well as the prize is often a large sum of cash. 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.
