If you really think about it, you will discover an extraordinary range of life's situations that can 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 prospects of being killed in a transportation accident. In face of today and everything you know about investing, whether it be 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 is going to 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 in almost any money market really is, legalized gambling, per se. You can look at investing when it comes 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 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, reliant on more gadgets-with hope that one can cash in; or perhaps not. You are basically "betting" on all of it.
So it is, with the lottery-a type of gambling with origins in Florence, Italy, where the first lottery 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, but still known today as the Lotto in Italy, as also adopted and called in several other countries, including the USA. The lottery, as a type of government-licensed gambling, involves drawing of lots for a range 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 official lottery does 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 and also 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 form of tickets as well as the prize is usually a large 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.
Come to look at it in face value, investing in almost any money market really is, legalized gambling, per se. You can look at investing when it comes 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 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, reliant on more gadgets-with hope that one can cash in; or perhaps not. You are basically "betting" on all of it.
So it is, with the lottery-a type of gambling with origins in Florence, Italy, where the first lottery 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, but still known today as the Lotto in Italy, as also adopted and called in several other countries, including the USA. The lottery, as a type of government-licensed gambling, involves drawing of lots for a range 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 official lottery does 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 and also 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 form of tickets as well as the prize is usually a large 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.