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If you really think about it, you can find a remarkable range of life’s situations that can be inherently risky. Nearly everything a person 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, 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 more than “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 within 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 choose 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 visit Jamesgosling now >>> there will be more people, buying more stuff, utilizing more energy, determined by 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 within 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 lots of other countries, such as the United States Of America. The lottery, as a type of government-licensed gambling, involves drawing of lots for an assortment of winnings and for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or just 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 elect 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 chance to start your own business. The lots you buy to play the lottery are today in the type of tickets and the prize is often a big 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.
