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2018 A Year in the Life of Gambling AddictionThe year 2018 painted a stark picture of the pervasive nature of gambling addiction, with statistics revealing a significant impact on individuals and communities across the globe.
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Gambling A Tabular Comparison Feature Insurance Gambling Purpose To mitigate financial risk from potential losses To win money by taking a chance Outcome Guaranteed financial protection in case of covered event Uncertain outcome with potential for gains or losses Probability High probability of losing money paying premiums, low probability of claiming Low probability of winning, high probability of losing Risk Transferred from the insured to the insurer Taken by the gambler Expected value Negative for the insured premiums exceed expected payouts Positive for the casinohouse expected payout is lower than the bet Regulation Strict regulations to ensure solvency and fair practices Varying regulations depending on the type of gambling Legality Legal and regulated industry Legal in most jurisdictions often with age restrictions, but regulated with varying degrees of restrictiveness Example Car insurance, health insurance, life insurance Lottery, poker, casino games Key takeaway Insurance is a risk management tool that helps individuals and businesses protect themselves against potential financial losses, while gambling is a form of entertainment where the goal is to win money by taking a chance.
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Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
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Identifiers
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Data Linked to You
The following data may be collected and linked to your identity:
Purchases
Contact Info
User Content
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Usage Data
Diagnostics
Privacy practices may vary, for example, based on the features you use or your age.
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