Responsible gambling - Consumer Affairs Victoria

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CONTINUED A2 What are my chances? GAMBLER’S HELP LINE 28 Responsible Gambling | Section A: What’s the big deal? Consumer Affairs Victoria | consumer.vic.gov.au Exercise 5 – Expected return The odds given at roulette represent payouts for wins, so for example the payout on a split bet would be $18 per dollar bet ($17 plus the original $1 bet). There are 37 numbers on a typical roulette wheel (0 – 36). So the probability of winning straight up is 1/37. (note, the probability of losing is therefore 36/37 or 97%). However the payout for a straight up win is $35 not $37. A winner would receive $36 per $1 spent, which includes the original $1 bet plus $35. Expected return (ER) refers to expected money to be paid to the gambler per $1 spent. ER = probability x return. With one ‘0’ on the wheel, ER = 1/37 x 36 = 97.3%. That is, for every dollar spent, a gambler would expect to win back 97.3 cents over the long run. Note that the payout odds have been set so this ER holds true for any kind of bet on the roulette wheel. Even if a gambler won more often than they lost, could they beat the house? a. Just like Lotto, roulette is considered to be betting on a random event. In what sense is roulette a random event game? b. Crown supplies cards for gamblers to keep a record of where the ball lands. Explain how these cards can support the gamblers’ fallacy, using an example to illustrate your answer. c. Josh kept placing bets on numbers one or two off the spin. He thought that he was getting really close to winning. So he raised his bets. Where did Josh go wrong? Exercise 6 – Your message Choose one of the following:- a) You are working for a responsible gambling organization and want to get rid of the record cards for roulette. Write a letter advocating for their removal. In your letter you will need to consider the arguments of the casino for having them, as well as arguments against. b) Create a slogan and graphic to illustrate the notion of ‘house edge’. Produce this as a poster, suitable for a billboard, or c) Create a cartoon suitable for publishing in a newspaper, illustrating the gamblers’ fallacy. 1800 858 858 www.problemgambling.vic.gov.au
A3 Electronic Gaming Machines (EGMS or Pokies) GAMBLER’S HELP LINE 29 Responsible Gambling | Section A: What’s the big deal? Consumer Affairs Victoria | consumer.vic.gov.au Exercise 1 – Main Street Go to - http://www.powerhousemuseum.com/gambling/common/index.html and click on the Pokies tab on Main Street. As you work your way through the slides, complete the following:- a) Can a player beat the machine? Why? b) The simulation on the site states that the probability is that you will lose 6 out of 7 spins. Does this mean you are guaranteed to win once every 7 spins? c) Observe your feelings and thoughts as you complete the simulated game. d) Outline two reasons poker machines are associated most strongly with problem gambling. Recall the Catalyst episode from A1 Execise 3. Do you think there is anything in the design of poker machines that could contribute to people playing them longer and more frequently? e) What is the maximum average loss rate of poker machines per hour compared to other countries? Why is this the case for Australia? What would you say to someone who says they are going to play a $10 machine because it offers higher prizes? f) With a partner, discuss the case of Shantelle. Did she become a problem gambler? Why? What were the consequences of her gambling? What made her decide to stop? 1800 858 858 www.problemgambling.vic.gov.au
Page 1 and 2: Responsible gambling Building resil
Page 3 and 4: Print Managed by Finsbury Green Pub
Page 5 and 6: Introduction to Responsible Gamblin
Page 7 and 8: Victorian Essential Learning Standa
Page 9 and 10: GAMBLER’S HELP LINE 9 Consumer Af
Page 11 and 12: A SECTION A What’s the big deal?
Page 13 and 14: ACONTINUED SECTION A What’s the b
Page 15 and 16: CONTINUED A1 Wanna bet? Why do peop
Page 23 and 24: A2 What are my chances? Introductio
Page 25 and 26: CONTINUED A2 What are my chances? E
Page 27: CONTINUED A2 What are my chances? c
Page 31 and 32: CONTINUED A3 Electronic Gaming Mach
Page 33 and 34: CONTINUED A4 Scratchies GAMBLER’S
Page 35 and 36: CONTINUED A4 Scratchies a) Why do c
Page 37 and 38: CONTINUED A5 Lotto GAMBLER’S HELP
Page 39 and 40: CONTINUED A5 Lotto GAMBLER’S HELP
Page 41 and 42: BCONTINUED SECTION B Gambling as a
Page 43 and 44: CONTINUED B1 The Melbourne Cup GAMB
Page 45 and 46: CONTINUED B1 The Melbourne Cup Back
Page 47 and 48: CONTINUED B1 The Melbourne Cup GAMB
Page 49 and 50: B2 Understanding the odds GAMBLER
Page 51 and 52: CONTINUED B2 Understanding the odds
Page 53 and 54: CONTINUED B2 Understanding the odds
Page 55 and 56: CONTINUED B3 Gambling systems a) Ho
Page 57 and 58: CONTINUED B3 Gambling systems GAMBL
Page 59 and 60: CONTINUED B3 Gambling systems GAMBL
Page 61 and 62: CONTINUED B4 Poker GAMBLER’S HELP
Page 63 and 64: CONTINUED B4 Poker GAMBLER’S HELP
Page 65 and 66: C SECTION C The nature of gambling
Page 67 and 68: C1 What is gambling? GAMBLER’S HE
Page 69 and 70: C2 Building awareness - Who gambles
Page 71 and 72: CONTINUED C2 Building awareness - W
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Page 75 and 76: CONTINUED C3 GAMBLER’S HELP LINE
Page 77 and 78: CONTINUED C3 GAMBLER’S HELP LINE
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D SECTION D What are you gambling w
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CONTINUED D1 Consequences for the g
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CONTINUED D1 Consequences for the g
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D2 A vicious circle Exercise 1 - Pr
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CONTINUED D2 A vicious circle GAMBL
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CONTINUED D2 A vicious circle Exerc
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D3 Consequences for others Exercise
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CONTINUED D3 Consequences for other
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CONTINUED E1 Getting the message ou
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CONTINUED E2 Democracy in action GA
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CONTINUED E3 Working it out GAMBLER
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CONTINUED E4 How far should it go?
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CONTINUED F SECTION F All about you
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CONTINUED F1 Getting to know you Ho
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CONTINUED F1 Getting to know you Ze
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CONTINUED F1 Getting to know you GA
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CONTINUED F1 Getting to know you GA
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CONTINUED F2 Relax! GAMBLER’S HEL
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CONTINUED F2 Relax! Exercise 3 - Ho
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CONTINUED F3 Feeling connected Exer
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CONTINUED F3 Feeling connected GAMB
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CONTINUED F4 Problem solving skills
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Resources - Websites and Details Go
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Beat the game Clip 1: Stay in contr
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