Insurance is a way to reduce variability and protect your bankroll.
The Insurance Company only gets a few percent vig off the top,
less than the Casino makes on most of their games.
The Advantage player can use insurance to increase their long term
advantage, and drastically reduce their risk of ruin.
I'd say getting a catastrophic policy that covers the big and expensive
stuff and handling cuts and colds on your own makes the most sense.
$100 a month, benefits thrown in 'free', such as preventative medicine
and exams and pharmacy discounts help pay back, just like comps
and cashback do.
Feeling like you'll get the Million Dollar Cancer or Heart surgery
covered if and when you need it certainly makes your life less of
a 'scared money' proposition when you place your bets.
From: Mickey <mickeycrimm@yahoo.com>
To: vpFREE@yahoogroups.com
Sent: Wednesday, April 27, 2011 4:10 PM
Subject: Re: [vpFREE] Re: XVP: The Hard Life
>
> How're you fixed for retirement funds? How do you make out >regarding heath coverage?
>
>
Gamblers don't retire. People from all over the country put their 40 or 50 years of work in then retire to Nevada so they can spend the rest of their lives gambling away every day. Check out all the old geezers in the poker games and all the little old ladies in the bingo parlors or out on the slot floor.
What am I supposed to do? Retire and go sit in a rocking chair? No thanks. That's crazy. There is no way in hell I will ever retire, except, when they shovel dirt on me. I've said this before but RETIRED will be a nice little epitaph on my tombstone.
Now, for insurance? I think I've made out like a bandit. I've never had any, except on some jobs years ago where it was provided. What does the stuff cost? A few thousand a year? Multiply that by about 40 years and I guess that is how much money I've saved. Now I know there is a first time for everything and maybe I'll have to break down and buy some of the stuff in the future. But I just turned 58 and the only times I've ever been to a doctor was to get stiched up after a bar room brawl. I've just never had a health problem. Yes, I know, that won't last forever.
Once an advantage gambler, always an advantage gambler. With insurance, the insurance companies are the advantage gamblers and the people who buy the stuff are the sucker bettors. The whole industry is based on fear. But they don't scare me.
Retirement funds? I guess that would be my bankroll. Except I ain't gonna retire. I don't hit the road because I'm low on money. I hit the road so I DON'T get low on money.
When I do kick the bucket I think I'm gonna have my bankroll buried with me. Whichever way I'm going there might be a play to put down. Of course, there will be a big concrete slab over my casket so some idiot can't dig me up and steal the loot.
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