definitions/terminology

Question 1

Describe what is meant by LDWs (losses disguised as wins)

Answer 1

A loss disguised as a win is when an individual “wins” less than their total bet.

Question 2

What is the “gamblers fallacy”

Answer 2

The gambler’s fallacy , also known as the Monte
Carlo fallacy or the fallacy of the maturity of
chances , is the erroneous belief that if a particular
event occurs more frequently than normal during
the past it is less likely to happen in the future (or
vice versa), when it has otherwise been established
that the probability of such events does not depend
on what has happened in the past. Such events,
having the quality of historical independence, are
referred to as statistically independent

Question 3

All of the following is an example of “the illusion of control” experienced by gamblers except:
A. Betting on certain numbers
B. Playing longer
C, Betting more significant amounts
D. Walking away when losing

Answer 3

D. Walking away when losing

Question 4

All of the following are similarities between gaming and gambling except:
A. some are skills-based, and others are based on chance
B. Each costs money
C. You bet and win cash from each
D. There is an ellement of chance to each

Answer 4

C. You bet and win cash from each
(gaming generally includes items vs cash)

Question 5

The correct terminology in the current DSM is:
A. Pathological Gambling
B. Compulsive Gambling
C. Gambling Disorder
D, Problem Gambling

Answer 5

C. Gambling Disorder

Question 6

All of the following are examples of destigmatizing language except:
A. Problem gambler
B. Individual who has a gambling problem
C. Person affected with gambling
D. Gambling addict
E A and D

Answer 6

E. A and D

Question 7

Which of the following types of gambling is most likely to be characterized as nonstrategic?
A. Slots
B. Poker
C. Sports
D. Horse Racing

Answer 7

A. Slots