With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
Yes, lottery can always be regarded as a standard gambling system, because if I may ask, what is gambling? Gambling is the process or act of risking a certain amount of money with the hope or mindset a predicted outcome will go as planned. Whereas, in lottery, it is required for you to stake an amount while picking a random numbers, with the mindset it's gonna be the same as the lucky number of the week. Of which if only you are able to pick 3 or more exact correct numbers, you are likely to earn a reward. Same as what's been done on a regular casino. 
Topic: How should Lotteries be categorized? - page 3. (Read 239 times)
Title speaks for itself. I know that Lotteries are a form of gambling since at the end of the day, you're banking on your luck to bag the win and earn huge amounts of money, but compared to our conventional knowledges of how gambling works, Lotteries are quite different, a few of them:
With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
- The Payout: Rarely would you ever see your money x1000000000 in a casino, but in lottery, that's the entire premise. You put in as low as a dollar on the line, and you have a chance to claim a stake at huge amounts of money.
- The Luck: Most casino/gambles involve unfair yet doable odds. 40/60 house edges being one of the most common odd disparities in this market. In the world of lotteries however, you get as much as 0.00000001% chance at winning, sometimes even less.
- The Replayability factor: Casinos set a premise where even if you win today, you'd always get the chance to win again tomorrow, lotteries do not have that liberty, with most people who won the lottery knowing fully-well that they wouldn't have the chance to win again in the future.
- Access: Casinos are age restricted and are mostly region-based. A casino couldn't cater to anyone beyond their area, but lotteries like powerball are played on a national scale, sometimes even international.
With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
I consider a wide range of disparity between Lottery systems and gambling systems. To add to your points, the mindset of someone who plays lottery and that of someone who gambles are never the same thing. Lottery is fun, sometimes people even pay for lottery tickets and forget that they even did, not that they are not interested but they have no attachment to it and if it doesn't turn out as expected, there is no cause for alarm. For gamble, its a different ball game, they tend to attach so much emotions to it and end of feeling anxious about the turnout. If it results in a loss, they are enburdened with so much pain and want to embark or revengeful trading which causes further loss.
I understand the point you are trying to make pointing out all those differences between lotteries and the typical casino games, and I think I agree that lotteries should have a special category and terms when referring to them, but the issue is that I believe in the English Language there is not an specific term for "gambling" when one is playing lotteries. It is easier just to say lotteries are a form of gambling and to refer to them as such.
Though, in the case of my country/society, there is a clear distinction between them and the people who prefer to wager money in a casino from one who likes lotteries.
Anyways, if what you are seeking for is the a community concensus, it would be difficult to reach it. It woukd depend much on each one's personal opinion and culture on this matter.
Though, in the case of my country/society, there is a clear distinction between them and the people who prefer to wager money in a casino from one who likes lotteries.
Anyways, if what you are seeking for is the a community concensus, it would be difficult to reach it. It woukd depend much on each one's personal opinion and culture on this matter.
Title speaks for itself. I know that Lotteries are a form of gambling since at the end of the day, you're banking on your luck to bag the win and earn huge amounts of money, but compared to our conventional knowledges of how gambling works, Lotteries are quite different, a few of them:
With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
- The Payout: Rarely would you ever see your money x1000000000 in a casino, but in lottery, that's the entire premise. You put in as low as a dollar on the line, and you have a chance to claim a stake at huge amounts of money.
- The Luck: Most casino/gambles involve unfair yet doable odds. 40/60 house edges being one of the most common odd disparities in this market. In the world of lotteries however, you get as much as 0.00000001% chance at winning, sometimes even less.
- The Replayability factor: Casinos set a premise where even if you win today, you'd always get the chance to win again tomorrow, lotteries do not have that liberty, with most people who won the lottery knowing fully-well that they wouldn't have the chance to win again in the future.
- Access: Casinos are age restricted and are mostly region-based. A casino couldn't cater to anyone beyond their area, but lotteries like powerball are played on a national scale, sometimes even international.
With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
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