Fool Proof Module 11: Take This Bet All About Gambling Answers
| Question | Answer |
|---|---|
| Oklahoma vs. Australia: | Australia has just 12 casinos! France has 50 casinos! England has 60 casinos! |
| If you’ve lost quite a bit of money, then you’re automatically due to win eventually. It’s just a matter of time. | False |
| What is one of the most likely places in the world that people your age will develop gambling problems? | In Oklahoma there’s a greater chance you’ll become a problem gambler than in any other place in the world. |
| If people know the chances of making a profit when they gamble is very, very small, why do they keep gambling? | All of the above |
| A person says they will pay you $10.00 if you can correctly multiply 2 X 4. (The person wants nothing from you if you lose.) | No risk |
| Check the reason that bet has no risk: | Even if you lose, you don’t have to pay anything. Plus, you know the answer. |
| Why is the bet below “high risk?” | You can’t afford to lose $100 bucks! |
| How much money do people around the world spend on gambling in one year? | One hundred billion dollars.That's $100,000,000,000.000. |
| Gambling is something you should only do if you have discretionary income | False |
| If you’re playing the slot machine with the worst odds, guess how many times you could play that machine before you win the big prize? | 33 million plays of the machine have to happen before you win the big slot prize. |
| What do you think the odds are of you being “dealt” that hand? | 1 in 2,598,960 |
| Get this scenario: You’re playing the slots and “win” twenty-five bucks! You’re stoked. During the past ten weeks, you’ve won another fifty bucks. But you’ve dropped two bucks in the slot machines every day for ten weeks. | Your total income from gambling: $75 Your total expenses related to gambling: $140 Which answer is correct? I won $0I lost $65 |
| Next scenario: You’ve bought lottery tickets every week for the past four years. That’s an average spending of $10 per week. After four years, you finally win $1000. | Your total income from the lottery: $1000 Your total expenses related to buying lottery tickets: $2080 Which answer is correct? I won $0I lost $1080 |
| Which of the following statements is correct? The probability of that event is 100%. The chances of you predicting correctly that it will get dark tonight are 100%. | Both are correct |
| The job of any gambling operation is to make sure you never gamble over your personal limit | False |
| Gambling only has to do with actual money. You cannot gamble with other things | False |
| Which group of people is the LEAST likely to be hurt by gambling? | People who know their limits and make sure that they don’t put themselves in debt while gambling |
| What are some of the main realities you need to accept about gambling? | All of the above |
| Online gambling sites do a really good job with which of the following? | Making you think you are a smart gambler who will not lose a lot of money |
| When you gamble you need to make sure you never: | Spend money that is budgeted for your monthly expenses |
| You are a person who mistakenly believes you have a better chance to really win big if you just keep on gambling. What is that belief called? | Gambler’s Fallacy |
| Online gambling can be dangerous because | All of the above |
| What are some signs of a person with a serious gambling problem? | All of the above |
| What is “probability”? | The likelihood that something will happen |
| Which choice shows people who are LESS likely to be hurt by gambling? | People who budget money for gambling as they budget money for other entertainment, and stick with that budget |
Your state may have no casinos or a few casinos, but get this:
- Some gambling operators are reaching out to young people your age with text messages!
- Online gambling can take place anywhere there’s a computer!
- Gambling supporters like to point out that legal gambling provides income to many educational, healthcare and other important and underfunded programs.
- Despite the income that gambling may bring to some programs, compulsive gambling accounts for $40 billion in annual losses from counseling, productivity declines and social services, according to an estimate by the National Gambling Impact Study Commission, a body created by Congress to study the problem.
Was this helpful?
Let us know if this was helpful. That’s the only way we can improve.
