You can’t. But you can measure how much it costs to flip a roulette ball and what you’ll pay for the privilege. Take a look at the price paid at your favorite casino and see who gets paid more or less for flipping each ball.
Inexpensive casino games are a lot of fun, but they aren’t really good bets on life. You know better than most the type of gambler who plays these games—the player who gets into the habit of betting on himself, the risk-taker who goes in with the notion that he’s a little bit smarter than everyone else at the table and, therefore, the best money wins. If that’s what you want to be, don’t bother trying some casino games you like. They’re all crap anyway. The best things in life are ones you don’t understand. Like getting rich betting on other people’s behavior. But that’s another story.
2. They’re a lousy deal on health care.
As Americans, we’re pretty smart. We know we like health care and we like health insurance, even though we might not like it personally. On the other hand, we’re so deeply invested in the concept of universal health care that we’re willing to pay an awful lot.
It’s called health insurance and the cost of health insurance is a relatively obscure issue in this country. You don’t hear about health insurance a lot. But if the costs are high and you don’t love it, you can always switch to something in-between. The cost of health care can be one of several things. For example, you can pay more for an insurance plan because you have coverage for people in your church who have cancer (which is a real thing, thanks). There’s also the cost factor, the cost of all the treatment your employer pays out-of-pocket for you while you’re paying for coverage, such as dental care or vision care, and the cost factor for deductibles (which are usually higher than you’d pay for your usual coverage). The amount you have to pay for insurance is a good predictor of how good of an idea you are. For example, if you’re really healthy, you might think they’d pay more—the fact you have insurance means you don’t have to worry about being outbid by people with better insurance. If you’re sick, you might think they’d pay less—the fact your insurance protects you against being denied coverage should make everyone happy.
We’re often told that health
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