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If you really think about it, you'll find an extraordinary number 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 chances 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 but "betting" that someday tomorrow is going to be better with pleasant expected returns on investment; or possibly 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 in 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 in the utilities anticipating once 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 lots of individuals, buying more stuff, utilizing more energy, determined by more gadgets-with hope that you could cash in; or maybe not. You are basically "betting" on all of it.
So it's, with the lottery-a type of gambling with origins in Florence, Italy, where the 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 form of government-licensed gambling, involves drawing of lots for an assortment speaking of winnings and for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or just chance alone; though the lottery doesn't require any special skills-set to play.
As with any risk, often there is something at stake. Even when you opt to take the risk of starting a business, you stand to lose money, time and also your reputation. The exact 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 the prize is usually a sizable sum of money. The draws are random and every player has an equal chance of winning the major prize which often grows really big with massive roll over jackpots.
