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lots of danger-return selections are occasionally referred to colloquially as "gambling."[fifty two] Whether this terminology is appropriate is often a matter of debate:
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though insurance is usually distinguished from gambling through the necessity of the insurable interest, the equal in gambling is actually betting versus just one's very own greatest pursuits (e.g., a sporting activities mentor betting in opposition to his have staff to mitigate the financial repercussions of a dropping season).
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