Insurance Schemes: Gambler's Insurance
Your premiums buy casino stock, so gambling losses become investment profits. The deluxe plan: 'Not Gambling.'
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Free for classrooms, worksheets, slides and other non-commercial use under CC BY-NC 4.0, with credit to Ben Orlin.
Cartoon by Ben Orlin, Math with Bad Drawings. https://cartoons.mathwithbaddrawings.com/2017-08-10-insurance-schemes-the-world-needs--insurance-schemes-gambler-s-insurance/ (CC BY-NC 4.0)Transcript
Gambler's Insurance: "Gambling problems? With this plan, your monthly payments are used to purchase stock in casinos. That way, your gambling losses become investment profits!"
"But my share of profits is tiny compared to what I lose at the craps table!" "Ah, perhaps you should consider our deluxe plan, which is called 'Not Gambling.'"