1. Gambling as a form of risk-taking behaviour.
Read the comic book “Chances Are” with the story of Joe.
Then, with your partner, fill in the form:
You'll see that the more Joe gambles, the less he gets the outcomes he hopes for.
In other words, what Joe hopes will be his outcomes are different from the actual probabilities of the actual outcomes.
MMaybe if Joe knew how to calculate a measure of the chance of the actual outcomes known as probability, he
wouldn't have gambled at those times. If he had known the probabilities, he would have known that it was likely
that he'd lose.
(In the next unit we'll have a close look at how to calculate probabilities.)
Write down the activities What are the outcomes What are the actual
Joe gambles on: Joe hopes for? outcomes?
p3:
Game of dice That he'll win money He wins money
p4:
Betting on a game of soccer That he'll win money He wins money
p5/6:
Game of dice That he'll win money He loses all his money
p7:
Many games of dice That he'll win back all He continues to lose money,
the money he's lost even the money he steals
from his mother
p12:
Nine lives He hopes he'll win back ???
(Often the name of a gambling enough money to pay back (What do you think Joe's
house which offers dice, cards Sister Bucks as well chances are of winning?)
and slot machine gambling) as all the money he's lost
Grade 7 | Unit 7.3 | Page 9
Unit 7.3
Learning Activity sheet (With Teacher's notes)