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Simple English definitions for legal terms
numbers game
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A quick definition of numbers game:
A numbers game is like a lottery where you pick a series of numbers and bet that they will appear on a certain day. The numbers can come from things like the stock market or the U.S. Treasury balance. The money that people bet goes into a fund, and the winner gets a share of that money. This game is regulated like a lottery.
A more thorough explanation:
A numbers game is a type of lottery where a person bets on a specific set of numbers to appear from a chosen source, such as stock-market indexes or the U.S. Treasury balance. The game creates a fund from which the winner's share is drawn and is regulated as a lottery.
- Playing the lottery by choosing a set of numbers and hoping they match the winning numbers drawn.
- Betting on the stock market by predicting the closing numbers of a specific stock or index.
- Guessing the number of a ball in a bingo game.
These examples illustrate how a numbers game involves predicting a specific set of numbers and betting on them to win a prize. The outcome is based on chance and luck, and the winner is chosen randomly from those who correctly guessed the numbers.