You may consider it "fleecing", but by definition, it is not because it is *voluntary*. No one is being taken advantage of, as everything is fully disclosed. If there wasn't a market for it, they wouldn't stay in business. If there's an opportunity for a company to profit by offering more lucrative conversion rates, a wise entrepreneur should create it.

In my option, casinos are a bad deal. Insurance is a bad deal. Guess what I do? I avoid them. I'd never claim they are fleecing willing participants.