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If you really consider it, there are actually an extraordinary number of life’s situations that are 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 is 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 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 almost any money market really is, legalized gambling, per se. You may 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 possess 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’s not gambling, then what is? Basically, you are betting that in 5, 10 or 15 years from now there will be more people, buying more stuff, utilizing more energy, reliant on more gadgets-with hope that you can cash in; or even not. You are basically “betting” on all of it.
So it is, with the lottery online-a type of gambling with origins in Florence, Italy, where the very first lottery 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 several other countries, such as the United States. The lottery, as a type of government-licensed gambling, involves drawing of lots for a wide selection 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 isn’t going to require any special skills-set to play.
As with any risk, there’s always something at stake. Even if you decide 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 when you take the opportunity to start your own business. The lots you buy to play the lottery are today within the type of tickets and also the prize is usually a big sum of cash. 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.
