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If you really think about it, you can find an amazing range of life’s situations that are 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, whether it is in business, an asset class (stocks, bonds, real-estate, cash and commodities), or index fund, even in its most basic element, it really is nothing but “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or perhaps not. There is just 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 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’s not gambling, then what is? Basically, you are betting that in 5, 10 or 15 years from now there will be more individuals, buying more stuff, utilizing more energy, dependent on more gadgets-with hope you 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 first trusted lottery dealer 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, such as the United States. The lottery, as a form of government-licensed gambling, involves drawing of lots for an assortment of winnings and then for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or just chance alone; although the lottery does not require any special skills-set to play.
As with any risk, often there is something at stake. Even if you opt to take the risk of starting a business, you stand to lose money, time and also your reputation. The 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 as well as the prize is usually a sizable sum of money. 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.
