Great Lotto Facts 28873363251981

Let's begin with a definition. What is gambling? Gambling is betting on an element that may or may not happen later on. Once we gamble, we take a risk, choose an uncertain outcome, and bet on it. Gamblers bet on casino games, horse racing, and sports where the result can't be predicted with certainty. A lot of people will bet on anything. Remember the Seinfeld episode where Kramer bet on the arrival and departure times of airplanes at a new York City airport?

How is gambling different from buying stocks and bonds? Stocks and bonds will be considered investments and not gambles because we can reasonably expect to come out ahead in the long haul. They may be risky but not within the same sense as gambling.

How is gambling different from buying insurance? Once we buy coverage, we are betting on an issue that may or might not happen in the future. We do not want to take the risk which it will happen, so we pay someone else (the insurance coverage company) to take the risk for us. Whenever we buy homeowner's coverage, for instance, we have been betting our house will burn down and the coverage company is betting it will not. (Of course we hope we won't win this bet.) This isn't gambling since the risk can be calculated. The insurance company uses all kinds of statistics to analyze the probability of our house burning down and fixes the premium we are going to pay accordingly.

Individuals have gambled since ancient times. On the flip side, society never approved of it since it was labeled an effort to get money without working for it. Society thought that serious effort should pave the way to financial success. It wasn't until the late 1960s that states (except for Highly recommended Site Nevada which had legalized all forms of gambling earlier) started to run lotteries to raise money for worthwhile causes.

So why do we gamble even though we have been unlikely to win in the long run? We gamble for the excitement of the uncertain outcome. Some gamble to try and make their financial dreams come true. Some people gamble for entertainment or enjoyment, such as a night out with friends at the casino or perhaps a bingo game for a charitable organization or possibly a lottery ticket. Some think also they can beat the odds and earn money out of gambling. There are actually people that gamble while they simply love the challenge. They look-at gambling as a game of skill or problem solving and they are sure they can win. Some like the environment or even the thrill of a possible big win, or perhaps the adrenaline rush of taking a chance. Casinos allow us to socialize and pass some time. There are no clocks in a casino; we lose track of time; we forget all our troubles. It's like a therapy session! If we are timid, we can go to a casino and boldly take chances.

Occasional gambling might be a relaxing form of entertainment but be cautious not to get addicted. Addiction may lead to obsession. You may lose control and become so fanatical that you can ruin you life or suffer other catastrophic consequences. So if you gamble, be sure you set limits and keep to the limits you have set.