There are also plenty of people who can maintain control of their finances in the face of internal gambling biases and manipulation from the other parties (like casinos.) I don't gamble, but I do believe that most gamblers are in the middle of the extremes.
You could overcommit to insurance products/premiums, but I think there's more regulation there and less of an addictive aspect -- which is why we don't really hear about it.
"Risking it all" was not referring to being a gambling addict. It simply meant that if you put 10k on black and the ball goes on red, you lose all of the 10k
No, the cost of a "jackpot" in life insurance is the premium plus literal life or limb. Only looking at the premium is penny wise, pound foolish. If you don't have the insurance and you die, your estate is out a million dollars because you skimped a few thousand.
There are also plenty of people who can maintain control of their finances in the face of internal gambling biases and manipulation from the other parties (like casinos.) I don't gamble, but I do believe that most gamblers are in the middle of the extremes.
You could overcommit to insurance products/premiums, but I think there's more regulation there and less of an addictive aspect -- which is why we don't really hear about it.