QUESTION
I never buy lotteries. Probably because I am one of those who see that a glass is always half empty, plus mathematical background doesn't give any extra confidence either as I know how incredibly small chances are - you have more chances to be struck by lightning (twice).
Lately I started thinking maybe it's a mistake. Life doesn't give much chances, maybe I shouldn't waste this one either. After all I shouldn't lose that much by the end of the life - a few thousands? Even if $10,000 it's still might be worth it.
ANSWER
It's gambling, not an investment. Under no circumstances can it be considered an investment, whether you win or not. It's an out and out gamble.
If you're investing in something then you're expecting to get a return and even though there are risks involved, you have at least carefully considered and thought through your outlay.
You could possibly call investing a form of gambling but the point is with an investment you have an element of control, whereas with gambling you have none whatsoever and it comes down to the luck of the draw.
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