If you really think about it, there are a remarkable number of life’s situations that are inherently risky. Nearly everything a person 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 is nothing more than “betting” that someday tomorrow is going to be better with pleasant expected returns on investment; or maybe not. There is only 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 can look at investing in terms of chart formation, or you put your money in the utilities anticipating when they are “due”, you cash in or again maybe not; or you choose 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 more people, buying more stuff, utilizing more energy, dependent on more gadgets-with hope that you can 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, and still known today as the Lotto in Italy, as also adopted and called in many other countries, including the United States. The lottery, as a form of government-licensed gambling, involves drawing of lots for a range 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 is always something at stake. Even if 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 when you take the chance to start your own business. The lots you buy to play the lottery are today in the form of tickets and the prize is often a large sum of cash. 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.
Gunning for the Biggest Jackpot Games
National, regional and local laws govern the lottery, so regulations differ widely among countries or even within them, such as the US. In the US, Powerball prizes have increased sharply due to the cost per ticket doubling to $2, and California, the nation’s most populous state, joining 42 other states, Washington D.C. and the U.S. Virgin Islands, in playing the game. The Powerball combines a large jackpot game and a cash game drawn twice a week, every Wednesday and Saturday. For an additional dollar, you can add the PowerPlay option which increases the size of your prize if you win. The Mega Millions tickets cost $1 per play, with the MegaPlier option that costs an additional $1 with which you increase your non-jackpot prize winnings by 2, 3, 4, or 5 times; drawn every Tuesday and Friday..
You have other world richest lottery games with which you have the opportunity to take your chance through secure online outlets like WinTrillions, Florida Lotto Magic, and Euro Millions Oracle. You can buy your tickets from these online outlets to play lottery games, like:
- Europe’s EuroMillions, with more chances to win a share of the €3.3 billion it pays out each year, drawn every Tuesday and Friday, giving players two chances each week to win millions of euros;
- Italy’s SuperEnaLotto, offering 3 games every week with rapid roll overs;
- Spain’s Primitiva, which pays out nearly €1 billion a year in prizes, with twice weekly draws and jackpot prizes that can reach nearly €37 million;
- Australia Oz Lotto, with a guaranteed minimum jackpot of AU$2 million;
- Florida Lotto, which is one of the richest State Lottery game in the US with a minimum of US$2 million and top prizes of US$10 million or more;
- UK EuroMillions, one of the most successful lotteries in the world with roll over jackpots that can hit £40 million-about 12 times easier to win than Powerball or Mega Millions; and
- Irish Lotto, with great odds and great payouts with roll over jackpots that can hit €25 million and 7 tier prizes.