I guess what aymodeler is saying is that there are many private clubs to choose from. One may choose a simple, cheaper option, or one may choose to find a fancy, more deluxe offering that costs more. The only common thing amongst all those clubs, is that you must first pay your vig to the AMA before you enjoy the privileges of said clubs. In that, he finds value. Just like the shopkeeper in NYC that says he finds value in paying Vinnie every week in order that his shop doesn't burn down....

I think I get it now!

Astro