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If you really consider it, there are an extraordinary range of life’s situations that will be inherently risky. Nearly everything a person does is some form of gambling. Even with such mundane act of getting up and going to work, increases one’s chances 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 more than “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or perhaps 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 within any money market really is, legalized gambling, per se. You may look at investing with regards 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 decide 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’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, dependent on more gadgets-with hope that you may cash in; or possibly not. You are basically “betting” on all of it.
So it really is, with the lottery-a form of gambling with origins in Florence, Italy, where the very first lottery was held within 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, such as the United States. The lottery, as a type 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 just chance alone; but the trusted lottery dealer will not require any special skills-set to play.
As with any risk, there is always something at stake. Even if you opt 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 when 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 often a big 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.