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If you really consider it, there are a remarkable number of life’s situations that are 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 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 really is nothing but “betting” that someday tomorrow is going to be better with pleasant expected returns on investment; or even 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 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 is 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, dependent on more gadgets-with hope that you could cash in; or maybe 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, and still known today as the Lotto in Italy, as also adopted and called in lots of other countries, such as the United States. The trusted lottery dealer, 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 simply chance alone; although the lottery doesn’t require any special skills-set to play.
As with any risk, often there is 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 when you take the possibility to start your own business. The lots you buy to play the lottery are today in the type of tickets and the prize is usually 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.
