These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
The chance of Mr John winning the lottery is 10%. All participants lined up and Mr John is 4th in the row. The first three participants lose the lottery.
If two fifty-foot ropes are suspended from a forty-foot ceiling that is twenty feet apart, how much rope will you be able to steal if you have a knife?
An infinite number of mathematicians are standing behind a bar. The first asks the barman for half a pint of beer, the second for a quarter pint, the third an eighth, and so on. How many pints of beer will the barman need to fulfill all mathematicians' wishes?
A boy and his father are caught in a traffic accident, and the father dies. Immediately the boy is rushed to a hospital, suffering from injuries. But the attending surgeon at the hospital, upon seeing the boy, says 'I cannot operate. This boy is my son.' How is this situation explained?
The day before the 1996 U.S. presidential election, the NYT Crossword contained the clue “Lead story in tomorrow’s newspaper,” the puzzle was built so that both electoral outcomes were correct answers, requiring 7 other clues to have dual responses.