“More than one American in five thinks that buying lottery tickets constitutes a sound retirement plan.
“What a lottery sells is a dream. That dream is of great personal wealth, even if the lottery is the only game in the world in which your chances of winning are not greatly increased by playing.
From The Economist, here’s a firm and revealing ‘Special Report On Gambling’:
- Shuffle up and deal
- The risk instinct
- At war with luck
- Bet on the bot
- Log on, ante up
- Lengthening odds
- Cutting off the arms
- When the chips are down
- The dragon’s gambling den
- Come, all ye gullible
- Sure thing
“The most popular forms of gambling—slots, lotteries and casino games—are simply bad bets which players are likely to lose.”