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If you really think about it, you’ll find a remarkable range of life’s situations that are 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 probability 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 is nothing more than “betting” that someday tomorrow is going to be better with pleasant expected returns on investment; or maybe 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 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 in the utilities anticipating once they are “due”, you cash in or again maybe not; or you choose to have 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 folks, buying more stuff, utilizing more energy, dependent upon 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 trusted lottery dealer-a type 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 several other countries, including the United States Of America. The lottery, as a type of government-licensed gambling, involves drawing of lots for an assortment 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; though the lottery won’t require any special skills-set to play.
As with any risk, there’s always something at stake. Even if you opt to take the risk of starting a business, you stand to lose money, time and your reputation. The 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 within the form of tickets and also the prize is often a sizable 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.
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