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If you really consider it, you can find an amazing number of life’s situations that can be 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 chances 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’s nothing more than “betting” that someday tomorrow will probably be better with pleasant expected returns on investment; or possibly not. There is just 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 can look-at investing with regard 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 decide 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’s not gambling, then what is? Basically, you are betting that in 5, 10 or 15 years from now there will be lots of folks, buying more stuff, utilizing more energy, dependent on more gadgets-with hope which you can cash in; or maybe not. You are basically “betting” on all of it.
So it is, with the lottery-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, but 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 as well as for the massive jackpot prize. Gambling, like poker, blackjack, roulette, sports betting and racing, can involve skill or simply chance alone; though the lottery isn’t going to 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 your reputation. The same things you stand to gain whenever you take the opportunity to start your own business. The lots you buy to play the lottery are today in the form of tickets and also the prize is usually a sizable sum of money. The draws are random and Keep Reading 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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