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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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.
To improve your odds of winning, which games should you play?
Blackjack / Poker
_____ implies that you have some knowledge about outcome of your choices.
Money used for gambling should be _____ as entertainment and 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
_____ is the likelihood that something will happen
What are most gaming activities based on?
What is investing in the stock market a form of
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