Insurance policies is really a means of shifting danger from just one party to a different. Insurers use actuarial strategies to determine suitable rates, which is similar to calculating gambling odds. Insurers set their rates to get a long lasting favourable predicted return in precisely the same way that Specialist gamblers pick which bets to make.
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Participating in cards appeared in the 9th century CE in China. Documents trace gambling in Japan again at the least so far as the 14th century.[8]
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