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Gambling, Probabilities, and Odds — Quiz Answers

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2
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Which of these could be a negative aspect of online betting that may lead to gambling problems in the future? Online betting offers many game experiences and can be played in the comfort of your home.

A
You can focus on the games without interruptions.
B
You can play and place bets on your own.
C
You can easily add money to your account as needed.
D
You can play anytime and anywhere.
3

What is the meaning of probability?

A
the likelihood of the occurrence of one outcome rather than the occurrence of another outcome
B
a number that reflects all possible outcomes of experiment to those that cannot occur
C
the desired outcome of an experiment or activity
D
a number that reflects the chance or likelihood that a particular event will occur
5

Which is most likely a negative aspect of fantasy sports?

A
being required to review the player statistics
B
being part of the game and a team
C
feeling social pressure to participate
D
feeling excited to prepare for weekly games
6

What is the probability of rolling a number less than 5? A ten-sided die with sides numbered 1 through 10 is rolled once.

A
cap p times less than 5 is equal to 4 fifths
B
cap p times less than 5 is equal to 2 fifths
C
cap p times less than 5 is equal to 1 half
D
cap p times less than 5 is equal to 2 thirds
7

Which is an accurate statement regarding sports betting?

A
Sports betting may include spreads and parlays.
B
Non-monetary bets may be placed on statistics for a player.
C
The player has more control over placed bets, therefore, it may not be as harmful in the long run.
D
Betting odds reflect the player’s estimation of the difference in quality between the teams playing.
8

Which is a benefit of gambling?

A
more traffic
B
fewer small businesses
C
higher use of social services
D
lower taxes
10

What is the meaning of odds?

A
the ratio that reflects the chance or likelihood that a particular event will occur
B
the ratio of the probability of an outcome occurring to the probability that the outcome will not occur
C
the ratio of the number of favorable outcomes to the number of possible outcomes
D
the ratio that represents the extent to which something is probable

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