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