Understanding the nature risk and uncertainty will better help us understand how to manage...
The risk of lottery, including well behave normal distributions and entropic independence associated with Euclidean mathematics, generally follows predictable short term lottery odds and an almost sure losing outcome. Thus, best not to play lottery.
The uncertainty of financial investments, including wilder fat tail / Kurtosis > 3 volatility and inertial / dependence associated with fractal mathematics, generally follows a time and portfolio rule. Thus, a long enough investmemt in particular portfolio types will generate a return > the risk free rate. Thus, it does makes sense to properly invest.