Standard 12 Study Guide

Name ________________
Date ____________
Hour _________
Standard 12 Study Guide
1. To improve your odds of winning, it is recommended that you play
2. If you increase the number of trips you make to the casino, you will improve your
______________________ of winning.
3. People at lower income levels use a __________________ percentage of their income
to buy lottery and scratch tickets than people at higher levels of income.
4. The odds of winning most games are in favor of the _______________ not the
5. _______________________ is the likelihood that something will happen.
6. Flipping a coin is an example of a(n) _____________________ event.
7. A potential social benefit of gambling is an __________________ number of jobs in a
local community.
8. Playing the Powerball is an is an example of a(n) _____________________ events.
9. Money used for gambling should be _________________ as entertainment and not
needed to pay bills, buy food or other necessities.
10. _________________ implies that you have some knowledge about outcome of your
11. MOST gaming activities are based on _____________.
12. Investing in the stock market is basically a form of ______________________.
13. If you spend your money at the casino, you cannot add it to your savings account. This is
an ______________ _______________ associated with gambling.