Re:Insurance is like gambling, don't overdo it
by IkmoIkmo on Sunday June 20, 2021 @06:07AM
(#27568646)
Not a series of insignificant losses that, due to the low win-probability is such a long series, amounts to more money than the lottery win, and thereby cannot be called insignificant anymore, which is by definition how lotteries are set-up.
https://en.m.wikipedia.org/wiki/Utility