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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.

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Risky Business Test Review

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  1. Risky Business Test Review

  2. The odds of winning most games are

  3. In favor of the Sponsor, Not the Player

  4. People at _____ income levels use a larger percentage of their income to buy lottery and scratch tickets than people at _____ levels of income

  5. Lower / Higher

  6. If you increase the number of times you gamble, you will improve your _____ of winning.

  7. Probability

  8. To improve your odds of winning, which games should you play?

  9. Blackjack / Poker

  10. _____ implies that you have some knowledge about outcome of your choices.

  11. Predictability

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

  13. budgeted

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

  15. Dependent

  16. _____ is the likelihood that something will happen

  17. Probability

  18. What are most gaming activities based on?

  19. LUCK

  20. What is investing in the stock market a form of

  21. Predictability

  22. Why is investing in the stock market a form of predictability?

  23. Because you have knowledge abut the choices you are making

  24. If you are always bragging about your gambling activities and you spend quite a bit of time gambling, you are

  25. Addicted to Gambling and Need Professional Help

  26. What is an opportunity cost?

  27. Your Second Best Choice

  28. What is an example of an opportunity cost associated with gambling?

  29. Not Being Able to Put The Money You Spent Gambling in Your Savings Account

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