The Obama administration’s gamble on a key component of its healthcare legislation has come up “snake-eyes!”

Conservative pundit John Fund explains that young Americans, upon whom so much of Obamacare rides, prefer websites with better odds.

President Obama is back selling his health-care law with the manic intensity of a late-night-infomercial pitchman who knows that if he doesn’t move the product, it could be discontinued.

Here’s Obama aiming his comments at young people this Wednesday: “The product is good. It’s affordable. This is a big deal, to quote Joe Biden. And if you’re a student-body president, set up a conference on campus. If you’re a bartender, have a happy hour.”

But it’s the president who may need a drink after viewing the latest poll numbers on young people’s attitudes towards Obamacare. At the heart of the health-care law is the following premise: Enough young and healthy people will sign up for new health insurance through the government’s excuse for a website to provide enough income for insurance companies so the planned subsidies to older and sicker uninsured people can keep flowing.

…In fact, there is some evidence that young people may be more willing to gamble with their future than to buy Obamacare. I live in New Jersey, where Internet gambling has just been legalized. Each of Atlantic City’s twelve casinos can operate up to five gambling websites so long as they screen out customers from out of state. Peggy Holloway, senior credit officer for Moody’s Investors Service, says the new sites will “appeal to a younger, more Internet-savvy demographic that might lack the discretionary budget to travel to one of Atlantic City’s 12 casinos.” And indeed, fifty thousand people signed up online for New Jersey’s gambling sites in the first week. That compares with 741 who signed up for Obamacare during all of October. Yes, the Obamacare website has been plagued with problems, but the disparity between the two programs is still eye-popping.

Dr. Jeff Singer, a surgeon and scholar at the Cato Institute, told Fox News that the gambling boom shows “younger and healthier people are making the decision — rightly or wrongly — that they are getting a better value by using some of their money, for example, in a gambling site than they are for buying health insurance which is covering things that they don’t need.”

You know President Obama’s infomercials for his health-care plan are flopping when they are tuned out in favor of the Internet-gambling barkers of Atlantic City. After all, the odds are stacked against you in both cases.