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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.

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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

Lower / Higher their income to buy lottery and scratch tickets than people at _____ levels of income



Probability

Probability improve your _____ of winning.





Predictability

Predictability your choices.


Money used for gambling should be _____ as entertainment and not needed to pay bills, buy food or other necessities.


Budgeted

budgeted not needed to pay bills, buy food or other necessities.


The outcome of one event affects the outcome of another, changing the probability of the second event – playing Powerball


Dependent

Dependent changing the probability of the second event – playing Powerball


Is the likelihood that something will happen

_____ is the likelihood that something will happen changing the probability of the second event – playing Powerball


Probability1

Probability changing the probability of the second event – playing Powerball


What are most gaming activities based on

What are most gaming activities based on? changing the probability of the second event – playing Powerball


LUCK changing the probability of the second event – playing Powerball


What is investing in the stock market a form of

What is investing in the stock market a form of changing the probability of the second event – playing Powerball


Predictability1

Predictability changing the probability of the second event – playing Powerball




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

Addicted to Gambling and and you spend quite a bit of time gambling, you areNeed Professional Help


What is an opportunity cost

What is an opportunity cost? and you spend quite a bit of time gambling, you are


Your second best choice

Your Second Best Choice and you spend quite a bit of time gambling, you are




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