Parents And Their Children In Gambling..

[Frankolala]

 The best way to teach,is living by example i.e the way you do things matters a lot in your life because your kids are always there to watch what you are doing,to them they will believe that it is right. Jordan put his son Marcus into that lavishing lifestyle because his son is imitating his father. Marcus might think it is the right thing he is doing. I will want my child not to even gamble at all so I will encourage him not the risk in gambling by using myself as a case study to him.

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[milewilda]

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When you have extra money and you are not taught to spend money wisely or have not experienced how to work for every penny, you will spend on luxury items and things that can make you happy and make you feel good or express yourself to make yourself important in the eyes of the public that's what big spenders and compulsive gamblers are doing, they think themselves as a privilege one and don't take a look at the other side of the world where people are deprived and work really hard to earn a few pennies.

I think it only makes them important in their own eyes, that's all. In the eyes of the public they are not heroes, well, in the eyes of the knowledgeable public, anyway. And who wants to be a hero, a role model, in the eyes of the fools? Being a big spender you can only attract crooks of all kinds, and they will be milking you till you are broke.

It's only in crappy movies big spenders have that respect of others around. In reality they look pitiful.

Explain it to your kids as soon as they can grasp it.

Some kids of the new generation nowadays want to please the people around them by always following the trend. They spend too much on luxurious things just to look cool and to be adored by most people. In that case, I think parents have missed teaching their kids on how to value their hard-earned money. Yes, we want our children to experience a comfortable life but we should not disassociate discipline from it. We can give them everything they need but we should never miss teaching them the right way to handle the money that we're giving them. Parents have a huge part in how their kids would grow and deal with society.

Sometimes parenting could really be that too loose which would really be resulting into this where their kids would really be having that kind of behavior which i dont see for it to be appealing as a parent.
When there's too much money then we know on what are the things that they could possibly deal off with and that what makes things more harder to be stopped when it is already become a habit.
As a parent then it would really be your responsibility on how you would really be able to handle and making your kids be aware on how things on this world should really work
and the most sensible and ethical ways on spending up money or treating up something in relation to that.

[DoublerHunter]

The best way to teach,is living by example i.e the way you do things matters a lot in your life because your kids are always there to watch what you are doing,to them they will believe that it is right. Jordan put his son Marcus into that lavishing lifestyle because his son is imitating his father. Marcus might think it is the right thing he is doing. I will want my child not to even gamble at all so I will encourage him not the risk in gambling by using myself as a case study to him.

^This is how the way responsible parenting is.
I like the Chinese culture, and the way they teach their child, they teach them to be independent at a young age and have a mindset of being a businessman in the future. That is right, usually, our child imitates on us what they saw. It is expected that it was the same scenario with Marcus the son of Michael Jordan, from the start he spoiled it in a bad habit and tolerate it even though they know it is wrong because they thought they have a lot of money as long as their son were happy of what he did.

[lionheart78]

We are going to be using Micheal Jordan as our case study :

Micheal Jordan gambled away $5 million dollars in one night
...

Perhaps Michael Jordan had a nervous period in those days. You judge him and you don't know how he felt when he lost 5 million. Gambling can be a remedy for negative thoughts. Gambling is created to entertain people, that's what most people think. I think Michael Jordan lost a lot of money to get away from the negativity. But he chose a very bad way.

True,we shoudn't judge him because he wasted 5 Million Dollars in his gambling activity, Michael Jordan has the capacity to unload those 5 Million Dollars so we shouldn't judge him of negative things.  He is capable and wanted to have fun with the hard earned money he made, it is his right and we have no say on that.  Besides, Michael Jordan has not been recorded as a gambling addict so what he is doing is just having fun.

This article may tell us a story about Michael Jordan gambling journey [1]  and might also the reason why his son is also involved and spending huge money at an early age. 

Being a gambler is already in their Blood and we can see it on that article.

Though we might think differently on how we will raise our kids, and how we wanted to prevent them from engaging in gambling activities, Michael Jordan has his own way of dealing on his kid.  It is his Kids not ours so we don't have any say on how Michael Jordan should handle his family.



[1] https://www.actionnetwork.com/nba/michael-jordan-betting-stories-the-last-dance

[Wakate]

-  5M$ dollars is equivalent to 290M in our money. That kind of value here is that you have your own company to speak of. In Michael Jordan's situation, that kind of value to him might be a coin or he just doesn't care about it. Now, regarding his son, we don't know if Michael Jordan knows that his son gambled that amount or maybe He knows where He might also tolerated His son for this habit.

Of course, if I were a parent at that age of my son, I would never allow my child to gamble like that just to enjoy his life. Other rich people should teach their children how to value money, and they should learn to work hard for it before getting it so that they grow up knowing and knowing how to appreciate the money they worked for.

So many things are happening in the gambling world everyday that we might not know about which can look very disappointing or absurd to us but we gat nothing to do because that is not our money. What ever we like we can do with our funds which is why it is becoming an habit seeing gamblers using so much money to gamble all night and hire slots that will make their night.

That money is a big sum of money which is nothing to them because they have it in abundant which is the reason why we should always try our best to gamble with what we can afford to loss and not follow others in their pattern of gambling because it might become detrimental to us.

[Zlantann]

Not quite new because if the children see their parents activity most of the time they think it is right so it is good the guidance will comes first in the house so by that they are aware about the things they are doing in the family, also it is not good and appropriate to show the gambling addiction to the children because at the very young age they will think it is right so guidance with their parents is a must to make sure they didn't go in the wrong path of decision making.

Gambling is not a good habit to transfer to our offspring. An adult might be able to control his gambling life but it might be very difficult for the younger ones to set boundaries or limits. Maybe Marcus Jordan learned gambling from his father Michael Jordan because children learn more from their parent's actions and not their words. Marcus tweeting the news is a clear indication that he was proud of his actions and feels he is doing the right thing. I guess he would be 31 this year and would be gambling in millions if he has not stopped. Parents should ensure they are worthy role models to their children because everything would do is perfect for them.

[Poker Player]

What is reflected in the story told by the OP about Michael Jordan and his son, is quite common in wealthy families and not only with respect to gambling, and that is that the father who went from poor to rich knows what it costs to earn the money even if he can squander it from time to time, but in a proportion he can afford. On the other hand, the son who is born in a rich family does not know what it costs to earn the money, he takes it for granted, and in many cases when the parents die they end up squandering all the patrimony and becoming poor. However, in this case it does not seem that it will be like that:

Marcus owns the company Trophy Room and he's good in business. In my understanding, as money is not a big thing for them, they get entertained out of it and they're responsible in their way.

In this case, the story seems to have ended well, as Marcus has a net worth of $1.5M years after the event. It does not look like he is going to be ruined by gambling.

[btc78]

People demand gambling for their entertainment.

Not at all mate , because majority of gamblers are not playing because they wanted to be entertained but instead to double their money and to find their luck.

It is bliss only when it is within limits. Generally its bad reactions work in excessive gambling.

easy said than Done mate, because when you start to gamble then it may follows excessiveness .

It is the responsibility of a father to educate his children. Children imitate their parents very much because they try to do what their parents do.

That's why they are called children , but the case will change once they reached adulthood .

All these should be given adequate support to the child, especially the decision of good and bad should be explained to him extensively. Hence it is always best to discourage minor children from gambling.

Indeed, as parent? I always try to adequately support my children till they reached the adult age.

[traderethereum]

We don't know if the father (Michael Jordan) failed to educate his son or something else but what is clear, both are rich people who have no financial problems.
But the father should be able to educate his son well and teach him to use his money for good things and provide a good future.
We as parents should also be able to do for the good of our children so that their lives can be better than ours.
And giving or teaching responsibility to our children will be able to educate them to act good and right.

Money is not a problem with father and son, and this makes them spend big on gambling. Micheal is the richest NBA player so his spending/loss on gambling won't hurt him. When we talk of being responsible, Marcus Jordan good player amongst MJ's sons. Marcus owns the company Trophy Room and he's good in business. In my understanding, as money is not a big thing for them, they get entertained out of it and they're responsible in their way.

Maybe they can make a lot of money from the company and are good at the business, but when it comes to gambling and he has already spent a lot of money, there is a good chance he will do it again, whether he will make it public or off the record.
And hopefully, they have a high responsibility and understand that playing gambling has a risk of losing money so they will not play gambling too often.
Yes, when money is not an issue, we tend to use it for less useful things but I don't think they will.
Maybe they had gambled at that moment simply because they wanted to release the tension they had previously felt and nothing would happen to them and their families.

[peter0425]

We don't know if the father (Michael Jordan) failed to educate his son or something else but what is clear, both are rich people who have no financial problems.

Michael is a athlete and we knew how disciplined they are to become a best basketball players of all time so how come that He may missed educating his Son?

though they are rich , yet there might be a reason for this gambling habit both of father and son.

But the father should be able to educate his son well and teach him to use his money for good things and provide a good future.

surely he does, no doubt about that mate, and please never look for Michael not educating his son.

We as parents should also be able to do for the good of our children so that their lives can be better than ours.
And giving or teaching responsibility to our children will be able to educate them to act good and right.

never let them see or find out what we are doing something we don't want them to be so they will never find interest to that thing we do.

[Renampun]

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Gambling isn't always bad when it's done with a certain limit and awareness of self-control, what's bad is being a gambling addict who is weak to their own emotional regulation, and my future children will have to become people who are fully aware and responsible over themselves.

People demand gambling for their entertainment. It is bliss only when it is within limits. Generally its bad reactions work in excessive gambling. It is the responsibility of a father to educate his children. Children imitate their parents very much because they try to do what their parents do. All these should be given adequate support to the child, especially the decision of good and bad should be explained to him extensively. Hence it is always best to discourage minor children from gambling.

The biggest concern that comes to parents' minds is when their child is not in their control anymore, even a bad environment, makes the children become affected by it. so that apart from hiding my gambling from the children, I also try my best to direct them in choosing a circle of friends.
I still remember when I was in school there was a classmate of mine who was addicted to gambling and now he is a drug addict too, his future is really ruined because he had very weak self-control since childhood and his parents didn't teach him how to behave.

[fathafraink]

We are going to be using Micheal Jordan as our case study :

Micheal Jordan gambled away $5 million dollars in one night^[1], he is a Billionaire, but that does not remove the fact that that's a hell lots of money to gamble away in just one night, you might want to say he is an adult and a Billionaires, and he is free to spend his money in which ever way he wants - understandable... Now, what about his son?

Marcus Jordan is just 19 years old, he spent a whooping $50,000 dollars in one night in Las Vegas on gambling and drinking in a strip night club^[1][2][3], the report shows he threw away $35,000 in gambling while $15,000 went into drinking alcohol and girls in the club, and do not forget that it is illegal to drink and gamble under the age of 21 in the state of Nevada where they live....

The young lad even posted that night's expenditures on his Twitter account where he said , and I quote....

"Last night was stupid... 35K at Haze," the University of Central Florida sophomore guard said. "Totals 50K something the whole day."

but according to report, the tweet got deleted.

This (from the articles) I believe happened in 2010, but I believe it's a fresh story for those of us getting to know this for the first time,

What do you make out of this story, should we really allow our children to live such a lifestyle like gambling and night clubbing, most especially, when they are still under aged?

Let's discuss about this..

Parents should be a good example for their children. We know that the nature of a child is to imitate their parents. So, as parents act, children will surely try it too. As for this, the thing that must be done is to inform the child's awareness of the things or consequences that will occur if doing so (this can be related to any action that has consequences).

[Hamphser]

!!!!

Parents should be a good example for their children. We know that the nature of a child is to imitate their parents. So, as parents act, children will surely try it too. As for this, the thing that must be done is to inform the child's awareness of the things or consequences that will occur if doing so (this can be related to any action that has consequences).

There's no such thing as a perfect parent to be a perfect example for being good as it would be followed by your kids.I've seen some parents which do mold or guide their kids on the right way or good path but still

ending up on messing up their lives due to their own decisions into their lives.Yes, nothing could really be controlled but showing off something good into your kids is mostly or likely to be followed by them.
We know that MJ is a known heavy gambler then its no surprise that his kids would really be going into the same path on that their Father is doing and since
they do have the money to spend and use then expect on what would be the result.

[KennyR]

!!!!

Parents should be a good example for their children. We know that the nature of a child is to imitate their parents. So, as parents act, children will surely try it too. As for this, the thing that must be done is to inform the child's awareness of the things or consequences that will occur if doing so (this can be related to any action that has consequences).

There's no such thing as a perfect parent to be a perfect example for being good as it would be followed by your kids.I've seen some parents which do mold or guide their kids on the right way or good path but still

ending up on messing up their lives due to their own decisions into their lives.Yes, nothing could really be controlled but showing off something good into your kids is mostly or likely to be followed by them.
We know that MJ is a known heavy gambler then its no surprise that his kids would really be going into the same path on that their Father is doing and since
they do have the money to spend and use then expect on what would be the result.

His life could've been in different path, if he hadn't earned big. Life is all about the earning and based on the same will be their spending. What MJ have spend never hurts his lifestyle in any means, so is his son. Father and son into gambling, parallel to the same they're good with their respective profession as well as into their businesses. As said, it isn't possible to have parents that are right in all means followed by kids.

[traderethereum]

We don't know if the father (Michael Jordan) failed to educate his son or something else but what is clear, both are rich people who have no financial problems.

Michael is a athlete and we knew how disciplined they are to become a best basketball players of all time so how come that He may missed educating his Son?

though they are rich , yet there might be a reason for this gambling habit both of father and son.

Even though they have discipline, a person can slip and be tempted to gamble and we have seen that the amount of money he has to gamble is very large, even though he is a very rich man.
But at least, it would be better if they could hide the number of defeats from the public because as a famous athlete, some people look up to them as a role model.
Was that big loss a good example to show to the public?

[Piesel]

It is highly insane for a kid to was such a huge sum of the money just a night, this only portrays nothing but a wasteful lifestyle, and even though his dad is a highly influential personality and has a lot of money that doesn't warrant such a wasteful lifestyle a night clubs.

No one is saying the kid does not have the right but is it moral to act that way and what is the value of that lifestyle, I believe the kid's lifestyle is influenced by his dad's way and if you can see, the father spend bigger amount in clubs and gambling too.

[Peanutswar]

It is highly insane for a kid to was such a huge sum of the money just a night, this only portrays nothing but a wasteful lifestyle, and even though his dad is a highly influential personality and has a lot of money that doesn't warrant such a wasteful lifestyle a night clubs.

No one is saying the kid does not have the right but is it moral to act that way and what is the value of that lifestyle, I believe the kid's lifestyle is influenced by his dad's way and if you can see, the father spend bigger amount in clubs and gambling too.

It is not ideal to make a gambling with your children because at the very young age they will reflect immediately that this kind of thing is normal and must need to do because they grow up to be part with of it, and also there's a possibility that someone can file a case for the child abuse because they are still under 18 and expose already in gambling but we have different life sometimes some of them already expose still it is ideal if the parents have a proper guidance with their children what are the basic right and wrong and make an explanation to them about this.

[BobK71]

It is highly insane for a kid to was such a huge sum of the money just a night, this only portrays nothing but a wasteful lifestyle, and even though his dad is a highly influential personality and has a lot of money that doesn't warrant such a wasteful lifestyle a night clubs.

No one is saying the kid does not have the right but is it moral to act that way and what is the value of that lifestyle, I believe the kid's lifestyle is influenced by his dad's way and if you can see, the father spend bigger amount in clubs and gambling too.

It is not ideal to make a gambling with your children because at the very young age they will reflect immediately that this kind of thing is normal and must need to do because they grow up to be part with of it, and also there's a possibility that someone can file a case for the child abuse because they are still under 18 and expose already in gambling but we have different life sometimes some of them already expose still it is ideal if the parents have a proper guidance with their children what are the basic right and wrong and make an explanation to them about this.

Gambling is prohibited for minors in every country, even in countries where gambling and casinos are legal. But these days some casino owners don't take those things seriously. Many of them do not prefer KYC either. As a result, a minor can easily lose valuable assets in gambling due to his inexperience or other reasons. If there is no proper solution soon then children may become dis obedient in future which will never bring benefits to the society and the country. So minors must be kept away from gambling or casinos.

[AicecreaME]

It is highly insane for a kid to was such a huge sum of the money just a night, this only portrays nothing but a wasteful lifestyle, and even though his dad is a highly influential personality and has a lot of money that doesn't warrant such a wasteful lifestyle a night clubs.

No one is saying the kid does not have the right but is it moral to act that way and what is the value of that lifestyle, I believe the kid's lifestyle is influenced by his dad's way and if you can see, the father spend bigger amount in clubs and gambling too.

It is not ideal to make a gambling with your children because at the very young age they will reflect immediately that this kind of thing is normal and must need to do because they grow up to be part with of it, and also there's a possibility that someone can file a case for the child abuse because they are still under 18 and expose already in gambling but we have different life sometimes some of them already expose still it is ideal if the parents have a proper guidance with their children what are the basic right and wrong and make an explanation to them about this.

Gambling is prohibited for minors in every country, even in countries where gambling and casinos are legal. But these days some casino owners don't take those things seriously. Many of them do not prefer KYC either. As a result, a minor can easily lose valuable assets in gambling due to his inexperience or other reasons. If there is no proper solution soon then children may become dis obedient in future which will never bring benefits to the society and the country. So minors must be kept away from gambling or casinos.

Indeed. It is really illegal for minors to do gambling because they aren't on their legal age yet to decide on their own without the guidance of their parents or guardian. A minor needs proper guidance and help from the elders which is why most decisions in this age bracket still needs permission and consultation from their parents before they can actually be allowed to do it. In gambling, there is no exceptions. If you are a minor, then you shouldn't be betting and playing because most casinos, if not all, have it stated in their terms of service that a person must be 18 and above already before proceeding.

Some casinos even ask for KYC verification just to be sure that the person making an account is a real person and is of legal age already. Although this matter has been the center of a lot of debates here in forum since KYC means giving your personal information and therefore, defeats the purpose of anonymity that initially is fine with most casinos back then. KYC could really help alleviate the rise of percentage of youth gambling illegally, However, kids are also becoming more and more clever these days, so some are still able to bypass the security by making fake IDs or using other people's ID. Which means they should also step up their game and think of other ways how to really detect 18yrs old below gambling using various techniques.

But I still believe that it's also more of the parent's responsibility to discipline their child and the child as well to make the right choices if guided right.

[Shamm]

It is highly insane for a kid to was such a huge sum of the money just a night, this only portrays nothing but a wasteful lifestyle, and even though his dad is a highly influential personality and has a lot of money that doesn't warrant such a wasteful lifestyle a night clubs.

No one is saying the kid does not have the right but is it moral to act that way and what is the value of that lifestyle, I believe the kid's lifestyle is influenced by his dad's way and if you can see, the father spend bigger amount in clubs and gambling too.

It is not ideal to make a gambling with your children because at the very young age they will reflect immediately that this kind of thing is normal and must need to do because they grow up to be part with of it, and also there's a possibility that someone can file a case for the child abuse because they are still under 18 and expose already in gambling but we have different life sometimes some of them already expose still it is ideal if the parents have a proper guidance with their children what are the basic right and wrong and make an explanation to them about this.

Gambling is prohibited for minors in every country, even in countries where gambling and casinos are legal. But these days some casino owners don't take those things seriously. Many of them do not prefer KYC either. As a result, a minor can easily lose valuable assets in gambling due to his inexperience or other reasons. If there is no proper solution soon then children may become dis obedient in future which will never bring benefits to the society and the country. So minors must be kept away from gambling or casinos.

For us as we are in the middle stage we must teach our children to avoid gambling in the minor age because it will affect their lifestyle cause if they get addicted at in their young age then a lot of consequences will happen. But like Michael Jordan and his son situations as we all know that they are in super class stage which is not even a millionaire but a billionaire so we can not say that Michael Jordan can control his son interms of gamble because even his son can get a lot of money from their family.