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insurance
Posted by
utahma
(TD) 5 Jul 2006 11:37am
Larry's barn burned down and his wife, Susan, called the insurance company.
Susan spoke to the insurance agent and said, "We had that barn insured for fifty thousand, and I want my money."
The agent replied, "Whoa there, just a minute. Insurance doesn't work quite like that. An independent adjuster will assess the value of what was insured, and then we'll provide you with a new barn of similar worth."
There was a long pause, and then Susan replied, "If that's how it works, then I want to cancel the life insurance policy on my husband."
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At GameColony.com you can play games of skill only -- play for free or play for $prizes!.
According to the statutes of most states in the United States, gambling is defined as: "risking something of value upon the outcome of a contest of chance". (Also see No Gambling!). The skill (as opposed to chance) is predominant in games of skill. Playing games of skill for $prizes, therefore, has nothing to do with gambling as it is not a contest of chance -- the more skillful player will win far more often. The chance element of a 'gamble' is either insignificant or missing. When players compete in tournaments or games of skill for $prizes -- it is "competitive entertainment" rather then "gambling". The more skilled winner will always win more matches, tournaments and $prizes.
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