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What do gambling and insurance have to do with each other? While gambling creates risks, insurance takes them away!.

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But if insurance is about managing risk, some people ask, how is that any different from gambling? Gambling is the act of risking something of value on the .

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Why is the difference between enjoying gambling and being addicted to . How do you know how much insurance to take when you buy car insurance? How do .

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(i) For insurance, loss might never occur while for gambling, the bet must happen in order to determine winner or loser. (ii) Insurance involves.

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You take a risk when you do something that may lead to danger or loss. Insurance differs from gambling in two ways. First, with insurance people are pooling.

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How Insurance is different from Gambling:Although it is common to but this does not mean that insurance is thereby a gambling contract.

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Gamblers and insurers both place bets on the future, so how do they down, it would contain a mix of goods from many different merchants.

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Difference Between Insurance and Gambling Ppt, Insurance is not Life insurance encourages savings: Insurance does not only protect.