- This topic is empty.
-
Posts
-
-
If you really consider it, you will find a remarkable number of life’s situations that will be 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, be it 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 will probably be better with pleasant expected returns on investment; or perhaps not. There is only 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 may look-at investing with regard to chart formation, or you put your money within the utilities anticipating once 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’s 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, dependent upon more gadgets-with hope that you can cash in; or maybe not. You are basically “betting” on all of it.
So it’s, with the lottery-a form 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 cities. It became a national lottery, and 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 range 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 won’t require any special skills-set to play.
As with any risk, often there is something at stake. Even when 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 chance to start your own business. The lots you buy to play the lottery online are today within the type of tickets and the prize is often 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.
-
