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If you really think about it, you will find an amazing number of life’s situations that will 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 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 more than “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or possibly 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 can look at investing with regard to chart formation, or you put your hard earned money within the utilities anticipating when they are “due”, you cash in or again maybe not; or you choose to possess 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 is 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, determined by more gadgets-with hope that you may cash in; or maybe not. You are basically “betting” on all of it.
So it’s, with the lottery-a type of gambling with origins in Florence, Italy, where the very first lottery agent 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 many other countries, including the United States Of America. The lottery, as a form of government-licensed gambling, involves drawing of lots for a range 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; however the lottery will not require any special skills-set to play.
As with any risk, there is always 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 whenever you take the possibility 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 usually a big sum of money. 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.
