0
The goal of insurance is to put you in the same financial position you were in before the loss.
The goal of gambling, is to come out ahead
In insurance you either suffer the loss or maintain the status quo, one can never earn profit in insurance
But in gambling there is a possibility of both loss as well as profit.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are the difference between gaming and gambling?
When gaming, you're just playing for fun. Gambling is when you bet something.
What is the difference between motor insurance and marine insurance?
difference of motor and marine insurance
What is the difference between voluntary insurance?
What is the difference between voluntary life insurance and life, ad/d?
Difference between h03 and h05 home owners insurance?
Difference between h03 and h05 home owners insurance?
What is the difference between a warranty and insurance?
the difference between a warranty and insurance, is a warranty is when you can return it to either get another or to just return it. insurance is when you have coverage over the object or living being.
What is the difference between insurer and insurance company?
Nothing
What is the difference between Non Trucking Liability insurance and Bobtail Insurance?
your not covered for damages
What is the difference between a Proposer and the Insured?
the difference between a proposer and the insured is that a proposer is a person or an entity who is seeking insurance and an insuerd is someone or an entity covered by an insurance policy
What is the difference between partidos and quinielas?
Partidos are the actual sports games. Quinielas are like sports pools (as in gambling).
What is the difference between indirect and direct quote life insurance?
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
What is the difference between home owners insurance and hazard insurance?
Homeowners insurance is often referred to as Hazard Insurance. They are the same thing.
What is the difference in childrens' insurance and adult insurance?
The main difference between children's and adults health insurance is that children may be eligible for low- or no-cost insurance through Medicaid or the Children's Health Insurance Program.
