True or False
True or False.
Gambling is risking something of value on something with a definite outcome.
False. Gambling is risking something of value on something with an uncertain outcome.
Which type of slot machine would likely
keep people playing the longest?
a. a machine that usually gives a big win (for example, $100) early on and gives occasional small wins (for example, $5) thereafter
b. a machine that gives many “near misses” all the time but very few actual payouts
c. a machine that gives a small win (for example, $5) fairly often but almost never gives a large payout
A. When early big wins are followed by occasional rewards, people are most likely to continue playing. Most people with gambling problems experience a
big win early on.
What is the "house edge?"
The advantage the casino has over the gambler.
Which of the following lottery number combinations has the lowest chance of being picked as the winning combination?
a. 1, 2, 3, 4, 5, 6
b. 12, 24, 25, 38, 40, 58
c. 3, 9,17, 19, 22, 24
d. All the above are equally unlikely.
D. All the above are equally unlikely.
Addiction and dependency are the same thing.
False. Addiction is in your brain, dependency is physical.
True or False.
On average, rich people are happier than middle-class people.
False, money does not guarantee happiness.
Which game at the casino can you reliably beat, over a long period of time, if you use the right system?
a. roulette
b. dice games
c. slot machines
d. none of the above
D
Suppose a gambler loses $100 at the casino on Monday, then loses another $100 on Tuesday. He decides to go back to the casino on Wednesday with another $100, as he is confident he can win back all his money. This person is:
a. chasing his losses
b. hedging his bets
c. coveting his wins
d. banking his chips
A. One of the signs of problem gambling is that people repeatedly return to try to win back what they have lost. This is called “chasing losses.”
Suppose you flip a coin 15 times, and it comes up heads every single time. On the 16th flip, what are the odds it will come up as tails?
a. 1 in 100 (or 1 percent)
b. 1 in 16 (or 6 percent)
c. 1 in 3 (or 33 percent)
d. 1 in 2 (or 50 percent)
e. 1 in 1 (or 100 percent)
D. It is a gambling fallacy to believe that past history affects the odds on the outcome of a random event.The odds of getting tails is 1 in 2
(or 50 percent) every time you flip the coin, regardless of past history.
True or False.
Gambling can be as addictive as drugs or alcohol.
True
True or False.
Gambling today is different from gambling 100 years ago.
False. Gambling today is more of a business.
What is the most popular type of gambling in the world?
Lotteries.
What game is the most profitable for casinos?
Slot machines
Which one will slightly increase your odds of winning:
a. being able to pick your own lottery numbers
b. having them randomly chosen for you
B. Having them randomly chosen for you.
Which age group has the highest rate of gambling problems?
a. teenagers and people in their 20s
b. people in their 30s
c. people in their 40s
d. people in their 50s
e. people 65 and older
A. Teenagers and people in their 20s
True or False.
Everyone is at some risk of becoming a problem gambler.
True.
What is the most addicting type of casino game?
Electronic gambling machines, such as slot machines
What is one characteristic of a good bet?
The odds are clearly in your favor.
You stand to win something of significant value.
What you could lose is something you can afford to lose.
Which of the following is least likely to happen to you?
a. winning the national lottery
b. being hit by lightning
c. drowning
A. Winning the national lottery.
Which one of these people has the most risk factors for developing a gambling problem?
a. a female smoker who occasionally bought scratch tickets as a youth
b. a female smoker whose friends gamble
c. a male nondrinker who has never gambled
d. a male smoker who won $100 the first time he bought an instant lottery ticket
D. Of all the people described, this person has the most risk factors. There are many risk factors, including having an early big win, being male, being in one’s late teens to mid-20s, having parents with gambling problems, having friends who gamble, gambling at an early age, and having other addictions. Person D had three of these risk factors.
True or False.
China used lotteries to help finance the Great Wall.
True
In which decade did the first online casino appear on the internet?
1990s
What are your chances of winning when you play against "the house"?
Each time you play against “the house,” your
chance of winning is only about 25 to 49 percent.
On a certain day, 80 percent of the births in a hospital are boys. Which type of hospital is this likely to be?
a. a small hospital with only a few births each day
b. a large hospital with hundreds of births each day
c. It is equally likely to be a large or small hospital.
A. The more times something happens, the closer the result will be to the expected odds (or average). It would not be unusual for 4 out of 5 births to be male, but it would be very unusual for 80 out of 100 births to be male. This is called the “law of averages.”
What is one symptom of problem gambling?
preoccupied with gambling, “chasing” losses, having difficulty cutting back or stopping, irritable when trying to cut down or stop gambling, lying to hide involvement with gambling, gambling to escape from problems or bad moods, committing illegal acts to pay for gambling, relying on others for a bailout from gambling debts, gambling with increasing amounts of money to get the same excitement