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If you really consider it, you can find a remarkable number of life’s situations which are 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 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’s nothing more than “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or perhaps not. There is just 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 when it comes to 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 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 individuals, buying more stuff, utilizing more energy, determined by more gadgets-with hope that you may cash in; or even not. You are basically “betting” on all of it.
So it really is, with the lottery-a type of online 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, 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 form 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; but the lottery does not require any special skills-set to play.
As with any risk, there’s always something at stake. Even if you choose to take the risk of starting a business, you stand to lose money, time as well as your reputation. The same things you stand to gain whenever 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 also the prize is often a big sum of money. 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.
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