Download - Risky Business Test Review
Risky Business Test Review
The odds of winning most games are
In favor of the Sponsor, Not the Player
People at _____ income levels use a larger percentage of their
income to buy lottery and scratch tickets than people at
_____ levels of income
Lower / Higher
If you increase the number of times you gamble, you will
improve your _____ of winning.
Probability
To improve your odds of winning, which games should you play?
Blackjack / Poker
_____ implies that you have some knowledge about outcome
of your choices.
Predictability
Money used for gambling should be _____ as entertainment and
not needed to pay bills, buy food or other necessities.
budgeted
The outcome of one event affects the outcome of another, changing the probability of the
second event – playing Powerball
Dependent
_____ is the likelihood that something will happen
Probability
What are most gaming activities based on?
LUCK
What is investing in the stock market a form of
Predictability
Why is investing in the stock market a form of predictability?
Because you have knowledge abut the choices you are making
If you are always bragging about your gambling activities and you
spend quite a bit of time gambling, you are
Addicted to Gambling and Need Professional Help
What is an opportunity cost?
Your Second Best Choice
What is an example of an opportunity cost associated with
gambling?
Not Being Able to Put The Money You Spent Gambling in Your
Savings Account