Standard 12

1.  To improve your odds of winning, it is recommended that you play

  1. Blackjack
  2. Slot machines
  3. Roulette
  4. Powerball

2.  If you increase the number of trips you make to the casino, you will improve your ______of winning

3.  Which of the following statements is MOST accurate?

  1. Most people who engage in gambling activities become addicted to it and end up taking bankruptcy because they cannot pay their bills
  2. People at lower income levels lower use a larger percentage of their income to buy lottery and scratch tickets than people at higher levels of income
  3. Gambling is a moral issue, with little or no economic or financial impact on individuals or society
  4. Casinos only have a positive impact on communities because they create jobs and generate wealth

4.  The odds of winning most games are

5.  ______is the likelihood something will happen

6.  Flipping a coin is an example of a(n) ______event

7.  Which of the flowing is a potential social benefit of gambling?

8.  Playing the Powerball is an example of a(n) ______event

9.  Money used for gambling

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

11.  MOST gaming activities are based on

12.  Investing in the stock market is basically a form of

13.  Mitchell talks frequently about his gambling, bragging about how much he wins and

14.  how much he loses. He spends most of his free time either gambling online, at the horse races, or in a casino. Which of the following statements BEST describes his behavior?

15.  Which of the following statements is an opportunity cost associated with gambling?

  1. If you spend your money at a casino, you cannot add it to your savings account
  2. If you spend more money at a casino, you can improve your odds of winning
  3. The lottery generates money for education in Oklahoma
  4. Winning increases your desire to continue gambling