Types of Gambling
What type of gambling involves betting on horse races?
(Race betting / Horse racing betting)
What is the term for the money you place on a bet?
(Wager / Stake)
What is the term for being unable to stop gambling?
(Compulsive gambling / Gambling addiction)
What is the total amount of money a gambler wins?
(Payout / Winnings)
What is the name of the large-scale game of chance where people buy tickets to win money?
Lottery
What is the term for the likelihood of winning or losing a bet?
Odds
What organization helps people recover from gambling addiction, similar to Alcoholics Anonymous?
Gamblers Anonymous
What is the name of a place where people place bets on sports and racing events?
(Betting shop / Bookmaker’s)
What is the term for a small bet placed on something, often used informally?
Flutter
What is a person called who takes bets and pays out winnings?
Bookmaker
What is a common financial problem faced by people who gamble excessively?
Debt
What is the term for a situation where the outcome is completely based on luck?
(Game of chance)
What game involves spinning a wheel and betting on numbers or colors?
Roulette
What term describes winning a huge amount of money unexpectedly?
The Social Impact of Gambling
What is the term for when someone risks more and more money after losing, hoping to recover their losses?
(Chasing losses)
What is the amount of money a casino keeps as a profit, ensuring it always has an advantage?
(House edge)
What is the most popular card game in casinos, where players try to get a total of 21?
Blackjack
What is the term for trying your luck at something, especially in gambling?
(Take a gamble / Try your luck)
What is the term for when a person wins early in gambling and keeps playing, believing they will continue winning?
(False sense of luck / Gambler’s fallacy)
What is the phrase used when someone takes a big risk with the hope of high rewards?
(Go all in)