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insurance plan can be a way of shifting danger from one particular get together to a different. Insurers use actuarial methods to work out appropriate rates, which has similarities to calculating gambling odds. Insurers established their premiums to obtain a lasting favourable expected return in a similar manner that Expert gamblers find which bets for making.
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Playing playing cards appeared during the 9th century advert in China. documents trace gambling in Japan back again at the least as far as the 14th century.[eight]