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by anonbanker 737 days ago
If you know what a Tontine[1] is, you'll understand there really is no difference between Insurance and Gambling.

1. https://en.wikipedia.org/wiki/Tontine
1 comments
rundmc 737 days ago
Well insurance is in case something you don't want happens (die young) whereas a tontine is in case something you do want (live long) happens.

I'd call that a major difference but then again I'm biased.

link