[lorettatolley]

If you really think about it, you can find an extraordinary number of life’s situations which are inherently risky. Nearly everything someone does is some form 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, be it in business, an asset class (stocks, bonds, real-estate, cash and commodities), or index fund, even in its most basic element, it really is nothing more than “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or maybe 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 almost 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 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 now there will be more people, buying more stuff, utilizing more energy, dependent upon more gadgets-with hope that you may cash in; or maybe not. You are basically “betting” on all of it.

So it is, with the lottery-a form 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 online gambling, involves drawing of lots for a wide selection of winnings as well as for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or simply chance alone; but the lottery doesn’t require any special skills-set to play.

As with any risk, there is always something at stake. Even when you decide 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 whenever you take the possibility 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 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.

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