| INSURANCE | GAMBLING |
| Insurance is aimed at an unfortunate person who has suffered a loss. It assist a person to restore his financial position. The insured does not gain anything. | In gambling the money gained is out of a win which improves the winners financial position. The winner gains every sent he wins. |
| In insurance the event covered may never happen. | In gambling the event speculated must happen to decide the winner. |
| One must have insurable interest in the property insured. |
There is no such condition to gamblers
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| Insurance is a great help to businessmen and individuals. | Gambling is a great curse to the society. |
| Insurance is legal | Gambling is illegal |
| No gains and losses instead one gets protection | When a person lays a bet he either losses or gains |
| There is documentation and a signed contract. | There is no such condition as to bind the parties involved in gambling. |
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