> That doesn't make it not gambling though. Yes, it does. As I said in response to you elsewhere, insurance means not accepting huge variance in payoff, wherea

> That doesn't make it not gambling though. Yes, it does. As I said in response to you elsewhere, insurance means not accepting huge variance in payoff, whereas gambling means you do accept it. They're opposites of each other. The fact that the counterparties in both cases--insurance companies and casinos--end up making money from all of their customers on net does not mean the two things are the same.