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True or False: Animal fighting events can involve significant monetary bets.

  1. True

  2. False

  3. Only in underground venues.

  4. Only when spectators are involved.

The correct answer is: True

The statement that animal fighting events can involve significant monetary bets is true. This practice, often associated with illegal activities, typically includes wagering on the outcomes of fights between animals, such as dogs or birds. Participants and spectators may place substantial bets, which can lead to large financial stakes in these illicit events. The nature of these activities often attracts individuals who are looking to profit from the outcomes, and as such, the monetary aspect is a significant factor in the culture surrounding animal fighting. The other options provided suggest limitations on where or when bets can occur, which does not fully encompass the reality of animal fighting, where bets can happen in various contexts, including organized events and underground settings. The existence of significant monetary bets is both a hallmark and an incentive for those involved in these activities, thus affirming the truth of the statement.