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FAQs on Gambling Fun and Vacations

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Frequently Asked Questions Related to Gambling

 

Question: What happens if I lose a winning lotto ticket?

Answer: Losing a lottery ticket is like losing cash. Protect yourself by signing the back of your tickets when you buy them. At the very least, sign any winning tickets even before claiming your prize. Lottery tickets are bearer instruments. Unless you sign a ticket, anyone else who has the ticket can claim the prize.




Question: When Operating A Winner-Take-All Game At Bingo, Why Can't An Organization Round Up Or Down To The Next Nearest Dollar?

Answer: Rounding up or down to the next nearest dollar is not allowed at bingo because the practice would likely result in violation of the statutory requirement that ninety per cent of all winner-take-all game receipts be awarded as prizes. As the Division of Special Revenue is responsible for ensuring the integrity of authorized activity, it cannot condone a practice which would likely result in a statutory violation.

 


Question: If everyone buys in for the same amount, how can I have an advantage over other players?

Answer: By winning their money! If the maximum buy in is $100, and everyone has $100 but you wind up winning a $500 pot, you will have a major advantage.

 


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 Gambling Topics

- Celebrity Seven Card Stud 8 or Better

- American Roulette

- Online Poker

- Futures

 
 Daily Term

Let It Ride

Definition:
A term used to describe leaving your money on a current bet. For example, betting $50 in roulette, winning, and leaving the total sum of $100 in the same spot for another round of betting.

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