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we all know poker is gambling, but there IS a skill factor involved that slots, roulette, lotteries do NOT have.
the game is played against the other players...not with them against the house.
if you make better decisions, your opponent/"carl" makes worse decisions, you win...over the long run. yes, you have your ups and downs along the way, hence the gambling/luck involved. but you will come out ahead.
by OP's definition... the insurance business is gambling, too. you are betting you WILL wreck your car, the insurance company is betting you WONT. the "catch" is that, there, too, the ODDS ARE ALWAYS ON THE HOUSE...or in this case... the guy making up the rules of how to play the game.
there is skill, however, in the stock market. do we KNOW the outcome? no, not with perfect certainty. but we CAN make educated guesses based on a lot of different criteria/theories. however, the "house" takes his "cut" here, too. its also expressed as a percentage of the "pot." and thats all the "house" cares about in the stock market...like poker.
believe it or not...there IS a difference between poker/stocks and lotteries/insurance. one requires good decisions, the other has no decisions at all, except whether or not to gambool it up.
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