Parents And Their Children In Gambling..

[michellee]

But I think even though children or teenagers are taught about money management, losses and gains, they are still unstable so if they lose many times, their young blood will be turbulent and make them want to recover their losses.

Would it be better, if children from early age understand the whole path of a gambler and being addicted? To test everything on their own skin. Would it better if they gamble and lose in childhood, that when they turn adult, they would already have experience. I mean, when they are kids, they cant make as big fails as they make while being adults. Isnt it better for kid to lose lunch money and learn the lesson, than to lose a monthly salary at the age of 40 ?

Of course not, especially if they have started gambling early because it only triggers gambling addiction when they start growing up. If they were kids, they could have had a losing experience in gambling and we don't know what the effect would be. Maybe we can teach them a lesson about how dangerous gambling is, but not try to play gambling because their young age still can't control their emotions. When they grow up, they should be able to understand why their parents used to say that gambling could lead to bankruptcy so they would never try it.

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[Eureka_07]

<snip>
Would it be better, if children from early age understand the whole path of a gambler and being addicted? To test everything on their own skin. Would it better if they gamble and lose in childhood, that when they turn adult, they would already have experience. I mean, when they are kids, they cant make as big fails as they make while being adults. Isnt it better for kid to lose lunch money and learn the lesson, than to lose a monthly salary at the age of 40 ?

I understand that you are referring to "learning by experience". But think of it... what if these minors are not yet disciplined and feeling responsible for any money that they use regardless if they own it or not (from parents/guardian).
It would not be a good learning experience. So better to have a proactive and reactive solution to this one. Imagine if they use hundred of thousands of their parent's funds.

[BitcoinPanther]

By careful I mean every father should gamble carefully. His gambling should not be revealed at least to his child because if a child comes to know that his father gambles then that child will follow his father and start gambling himself.  It is called inheritance. I'm not saying that no parents should ever gamble

Why not  gamble at all, it is better as a parent to be a role model if we are about to tell our kids to not gamble at all.  It is very disappoint for kids to know their parents is gambling despite the fact that these same parents told them that gambling isn't good.  As a parent if we are engaging in gambling activities, I think we don't need to hide that we are gambling to our children, all we need is to talk to them and explain everything, why they shouldn't gamble and when they are permitted to engage in gambling activity.

<snip>
Would it be better, if children from early age understand the whole path of a gambler and being addicted? To test everything on their own skin. Would it better if they gamble and lose in childhood, that when they turn adult, they would already have experience. I mean, when they are kids, they cant make as big fails as they make while being adults. Isnt it better for kid to lose lunch money and learn the lesson, than to lose a monthly salary at the age of 40 ?

I understand that you are referring to "learning by experience". But think of it... what if these minors are not yet disciplined and feeling responsible for any money that they use regardless if they own it or not (from parents/guardian).
It would not be a good learning experience. So better to have a proactive and reactive solution to this one. Imagine if they use hundred of thousands of their parent's funds.

Minors need proper guidance else they will think that what they are doing  is right, besides minor's emotion isn't as stable as adult and is less matured in facing problems created by to much gambling activities.

[stomachgrowls]

<snip>
Would it be better, if children from early age understand the whole path of a gambler and being addicted? To test everything on their own skin. Would it better if they gamble and lose in childhood, that when they turn adult, they would already have experience. I mean, when they are kids, they cant make as big fails as they make while being adults. Isnt it better for kid to lose lunch money and learn the lesson, than to lose a monthly salary at the age of 40 ?

I understand that you are referring to "learning by experience". But think of it... what if these minors are not yet disciplined and feeling responsible for any money that they use regardless if they own it or not (from parents/guardian).
It would not be a good learning experience. So better to have a proactive and reactive solution to this one. Imagine if they use hundred of thousands of their parent's funds.

Actually if this do really comes into this point where they had already been using thousands of dollars then it would really be on their parents responsibility or simply we could say that they are really that irresponsible

because parents or guardians should really be having that control on how their kids would be spending up money.Even though lets say that they are millionaires but control and discipline should really be there.

Well, each of us does have its own parenting way but it cant really be avoided that you could really make out some reactions on how others been handling up their kids.
They do have the money but with improper handling and discipline it would really be creating lots of problems later on.

[Renampun]

Minors need proper guidance else they will think that what they are doing  is right, besides minor's emotion isn't as stable as adult and is less matured in facing problems created by to much gambling activities.

no matter how genius a child is born, at first, he or she needs guidance from parents about what is good and what he or she should not do, their concept of thinking has not been formed.

because parents or guardians should really be having that control on how their kids would be spending up money.Even though lets say that they are millionaires but control and discipline should really be there.

Well, each of us does have its own parenting way but it cant really be avoided that you could really make out some reactions on how others been handling up their kids.
They do have the money but with improper handling and discipline it would really be creating lots of problems later on.

Rich parents mostly think that money is what their children need since childhood, so they are busy looking for and collecting money while their child's growth is not a concern, children who grow up in families who don't pay attention will usually grow up to be irresponsible, many drug addicts and even addict gamblers grew up from such families.

[Solosanz]

no matter how genius a child is born, at first, he or she needs guidance from parents about what is good and what he or she should not do, their concept of thinking has not been formed.

Yeah, it's called as Golden Age where a child is really need guidance from their parents in order to build their character in the future. Without a good parenting at their golden age, you will regret in the future if you see your child isn't grow like your expectation.

Rich parents mostly think that money is what their children need since childhood, so they are busy looking for and collecting money while their child's growth is not a concern, children who grow up in families who don't pay attention will usually grow up to be irresponsible, many drug addicts and even addict gamblers grew up from such families.

It's very dilemma for the parents, money is very important to make them survive and get a better life, but at the same time parenting is really important too since children is really need it. IMO work from home is really good in this case, you can work and still can see your children on your home.

[BobK71]

Minors need proper guidance else they will think that what they are doing  is right, besides minor's emotion isn't as stable as adult and is less matured in facing problems created by to much gambling activities.

no matter how genius a child is born, at first, he or she needs guidance from parents about what is good and what he or she should not do, their concept of thinking has not been formed.

because parents or guardians should really be having that control on how their kids would be spending up money.Even though lets say that they are millionaires but control and discipline should really be there.

Well, each of us does have its own parenting way but it cant really be avoided that you could really make out some reactions on how others been handling up their kids.
They do have the money but with improper handling and discipline it would really be creating lots of problems later on.

Rich parents mostly think that money is what their children need since childhood, so they are busy looking for and collecting money while their child's growth is not a concern, children who grow up in families who don't pay attention will usually grow up to be irresponsible, many drug addicts and even addict gamblers grew up from such families.

Human character is a great asset. Money is needed on the way in life. Sometimes it is also said that money is the meaning of life. But character should never be sacrificed for that money. As money gives man everything he wants, it also induces him in various ways. Gambling or any other activity requires adequate knowledge for proper use of one's money. And even for this enlightenment he has to use his child hood age. In this case, it is necessary to take care of the parents for his child.

[bakasabo]

<snip>
Would it be better, if children from early age understand the whole path of a gambler and being addicted? To test everything on their own skin. Would it better if they gamble and lose in childhood, that when they turn adult, they would already have experience. I mean, when they are kids, they cant make as big fails as they make while being adults. Isnt it better for kid to lose lunch money and learn the lesson, than to lose a monthly salary at the age of 40 ?

I understand that you are referring to "learning by experience". But think of it... what if these minors are not yet disciplined and feeling responsible for any money that they use regardless if they own it or not (from parents/guardian).
It would not be a good learning experience. So better to have a proactive and reactive solution to this one. Imagine if they use hundred of thousands of their parent's funds.

Kids can be limited with "use their own money the way they want". Of course if they add their parents credit card to online casino that will end really bad, but if they first get their own money (lunch money, xmas presents, change for example) then why not let them gamble?

This whole case will end with endless discussions; such as "the more you forbit something, the more kids will want to test it" and "situation when a person just ended a college, and during trying to get work, employer ask for an experience".

I've played card games or monopoly with my kids. We have even used real money as a reward for a winner. That is sort of a gambling. Even if they win or lose, they are not that much interested in gambling to connect their whole life with it.

[Betwrong]

~

Gambling is just like a very strong addiction which is very hard to leave. It is like a spirit that keep telling us to keep doing a particular thing and if we don't control ourselves, it's going to get to an extent where it will be very hard to stop. Gambling affecting both the parent and the children looks like a trait that is gotten from the parent.

You know children are more interested and attracted to what they see which is the reason why they have higher chances to copy form what they see everyday especially from their parent. This is normal and is what children tend to do especially when they are seeing it everyday.

I think this is true for small children, for those kids that that still in the age when they respect their parents and want to copy them. Adolescents usually hate the things their parents are doing, and after twenty most men and women lead a lifestyle that is completely different from their parents'.

So, this is especially important to not expose your children to gambling while they are in a very young age, while they still want to copy your actions. Don't do that. It is as bad as giving your small kids drugs or alcohol.

[serjent05]

I think this is true for small children, for those kids that that still in the age when they respect their parents and want to copy them.

Here is a sample experiment that shows parents has great influence in gambling activity of their kids.

Factors that influence children’s gambling behaviours
Nineteen children in this study described that they had engaged in gambling (either formally or informally). Two main factors influenced young people’s gambling consumption behaviours. The first was the influence of family members and other adults in participating in gambling, and the second was the link between gambling and culturally valued events. These two factors were often intertwined. While a few children specifically reported having gambled on scratch cards and on Keno, most children who had participated in gambling had bet money on horse races or sporting events: “I’ve done horse racing with one or two dollars”. Children’s gambling was mostly linked to betting with or against adults. Sometimes children described engaging in “fun” bets with family members and family friends. While these bets rarely involved money, they related to specific events during sporting matches, such as which player would kick the most goals. The following child described how he placed bets with a family friend, and with his grandmother, about specific outcomes associated with matches. The child emphasised that he had won the bets, and that the person he was betting against was expected to follow through with their agreement:

Source: https://harmreductionjournal.biomedcentral.com/articles/10.1186/s12954-017-0136-3

So I think no matter how parents hide their gambling activity to their children, once their kids discover that their parents is engage in gambling, there is a huge chance that the kids will also involve in gambling activity. 

Adolescents usually hate the things their parents are doing, and after twenty most men and women lead a lifestyle that is completely different from their parents'.

I think it depends on the kind of parents they had.  I never hate what my parents had done when I was an adolescent.  In fact, I admire them for their hard work and understanding.  I think the only thing teen ager hates about their parents is being strict.  But then it can be communicated.

[Peanutswar]

Sometimes when children are imitating parents lifestyle they do it excessively. The father is a billionaire he may decide to play gambling with any amount he wants as far as he can afford it.

The way Marcus Jordan went about is gambling is not the best because the amount of money which he used in playing the game. I think he learnt gambling from his father at a tender age, the father didn't do right by showcasing his gambling lifestyle his kid.

Playing gambling as part of their daily lives is only for rich people because they can afford to have multiple games but to those who are just in the middle class and lower seeing gambling is part of the daily routine is not ideal to think it is just like wasting their money as an exchange for their daily sustainability for living, with this case does not matter too much because they have tons of money.

[stomachgrowls]

because parents or guardians should really be having that control on how their kids would be spending up money.Even though lets say that they are millionaires but control and discipline should really be there.

Well, each of us does have its own parenting way but it cant really be avoided that you could really make out some reactions on how others been handling up their kids.
They do have the money but with improper handling and discipline it would really be creating lots of problems later on.

Rich parents mostly think that money is what their children need since childhood, so they are busy looking for and collecting money while their child's growth is not a concern, children who grow up in families who don't pay attention will usually grow up to be irresponsible, many drug addicts and even addict gamblers grew up from such families.

Not all grow up irresponsible on those rich families but its likely that they are really that prone into those situation if we do speak into their children.Just as i said that parenting does play a great role on raising up a children and it doesnt matter if you are rich or not.It wont really be a standard on how to make your children grow on the right path.

Its true that it might easy or simple to say on doing that but if you are really that minding about your children on getting those good values and right decisions in life then
as a parent, you should really be a good example to theirs.

In speaking with financial handling then you should be responsible on not to make to loose on giving all easily.Everything should be always in moderation.

[CryptoHeadlineNews]

When it comes to online gambling, this is quite difficult to do.  Until the child is very young, for example, up to 8 years old, when he goes to bed early, it is still possible if the father plays at a late time when the child is sleeping.  And if the child is older, then he will definitely know that his father plays online games and will also be interested. 
Here the father has only two options - either not to play at home at all, but only somewhere else, or not to play at all.

Wait... I seems not to totally agree with this very statement of yours, because i kind not no understand why people always try to hype the idea why most people always hyped the idea why a father who had kids can not gamble. Because I'm pretty sure with the use of smartphones, tablet and laptops a father can easily gamble without influencing his kids, because if you could observe, fathers barely spend most times with kids, and gambling on a smartphone takes nothing less than barely 2-3 hours to place a bet

[erep]

Wait... I seems not to totally agree with this very statement of yours, because i kind not no understand why people always try to hype the idea why most people always hyped the idea why a father who had kids can not gamble. Because I'm pretty sure with the use of smartphones, tablet and laptops a father can easily gamble without influencing his kids, because if you could observe, fathers barely spend most times with kids, and gambling on a smartphone takes nothing less than barely 2-3 hours to place a bet

The use of smartphones or other devices does not limit anyone, even a father still has time to gamble after he has to prioritize his activities with children, but he only uses his free time to gamble in online casinos anywhere and anytime, his father hides gambling activities from his son because to avoid his son imitating him to open a gambling application on his father's smartphone and his son is not yet worthy to know about gambling at a restricted age.

[decodx]

When it comes to online gambling, this is quite difficult to do.  Until the child is very young, for example, up to 8 years old, when he goes to bed early, it is still possible if the father plays at a late time when the child is sleeping.  And if the child is older, then he will definitely know that his father plays online games and will also be interested. 
Here the father has only two options - either not to play at home at all, but only somewhere else, or not to play at all.

Wait... I seems not to totally agree with this very statement of yours, because i kind not no understand why people always try to hype the idea why most people always hyped the idea why a father who had kids can not gamble. Because I'm pretty sure with the use of smartphones, tablet and laptops a father can easily gamble without influencing his kids, because if you could observe, fathers barely spend most times with kids, and gambling on a smartphone takes nothing less than barely 2-3 hours to place a bet

Views on gambling are ever changing and there is no one-size-fits-all approach to it. What's more, there is a lot of debate about how parents can keep children safe and away from potential harm and addiction. I really agree with you because I'm pretty sure with the use of smartphones then a father can easily gamble without influencing his kids. But I also think that most fathers would like to spend more time with their kids if they could. In order to keep kids safe, we should take time to know them and spend time with our children to have a better understanding of what is happening in their lives. Some children are attracted by gambling so, it is the responsibility of the parents to make their kids understand that gambling is much like an addiction that shouldn't be taken lightly.

[Bitinity]

Sometimes when children are imitating parents lifestyle they do it excessively. The father is a billionaire he may decide to play gambling with any amount he wants as far as he can afford it.

The way Marcus Jordan went about is gambling is not the best because the amount of money which he used in playing the game. I think he learnt gambling from his father at a tender age, the father didn't do right by showcasing his gambling lifestyle his kid.

Playing gambling as part of their daily lives is only for rich people because they can afford to have multiple games but to those who are just in the middle class and lower seeing gambling is part of the daily routine is not ideal to think it is just like wasting their money as an exchange for their daily sustainability for living, with this case does not matter too much because they have tons of money.

In fact what is happening this world shows that gambling is mostly done by middle to low economy class people because they want to make money from it. Real rich people usually do not gamble much especially if they become rich due to hard work, it is because they are aware how hard their effort to be rich. Real rich people will not waste their hard earned money for gambling.

[carlisle1]

Sometimes when children are imitating parents lifestyle they do it excessively. The father is a billionaire he may decide to play gambling with any amount he wants as far as he can afford it.

The way Marcus Jordan went about is gambling is not the best because the amount of money which he used in playing the game. I think he learnt gambling from his father at a tender age, the father didn't do right by showcasing his gambling lifestyle his kid.

Playing gambling as part of their daily lives is only for rich people because they can afford to have multiple games but to those who are just in the middle class and lower seeing gambling is part of the daily routine is not ideal to think it is just like wasting their money as an exchange for their daily sustainability for living, with this case does not matter too much because they have tons of money.

In fact what is happening this world shows that gambling is mostly done by middle to low economy class people because they want to make money from it. Real rich people usually do not gamble much especially if they become rich due to hard work, it is because they are aware how hard their effort to be rich. Real rich people will not waste their hard earned money for gambling.

To follow on this statement, rich people may gamble to enjoy but not to the point to go all in and expect to win huge, speaking
about those rich people who know how to value their hard-earned money.

Maybe there are some rich people who mismanaged their money but it's not the majority, rich people who earn their money from
setting up business are busy to continue making money.

They will not invest their time just to gamble unlike with low to mid people who mostly aiming to have a quick profit.

[Docnaster]

Sometimes when children are imitating parents lifestyle they do it excessively. The father is a billionaire he may decide to play gambling with any amount he wants as far as he can afford it.

The way Marcus Jordan went about is gambling is not the best because the amount of money which he used in playing the game. I think he learnt gambling from his father at a tender age, the father didn't do right by showcasing his gambling lifestyle his kid.

Playing gambling as part of their daily lives is only for rich people because they can afford to have multiple games but to those who are just in the middle class and lower seeing gambling is part of the daily routine is not ideal to think it is just like wasting their money as an exchange for their daily sustainability for living, with this case does not matter too much because they have tons of money.

People are always comparing the lifestyle of the multi rich people to middle class people. The man in question in this post gambled with 5 million dollars,  this should tell you that he is not in the category of ordinary people.
Someone who gambled with 5 million dollars how much does he want to win? and the child that is under age gambled with 50,000 dollars this shows that these people are not middle class people and we should stop comparing them with everyday people in gambling .

[noormcs5]

In fact what is happening this world shows that gambling is mostly done by middle to low economy class people because they want to make money from it. Real rich people usually do not gamble much especially if they become rich due to hard work, it is because they are aware how hard their effort to be rich. Real rich people will not waste their hard earned money for gambling.

This is strange as rich people will not do gambling because they know they will lose money, although they have enough money to lose and still they can survive. On the other hand, middle and low income classes do not have much money with them still they will want to gamble and lose that money. Yes, there is a hope that they can make big money out of gambling but that just does not happen every day.

Also, i believe the kids and children of rich people are more involved in gambling as they have the money to gamble and they never knew how hard it was for their parents to earn this money. Rich people motive of gambling is to get entertainment and nothing else.

[Rigon]

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..

REFERENCES
Micheal Jordan -
[1] = https://www.pokertube.co
m/article/billionaire-michael-j
ordan-s-multi-million-dollar-be
ts-5million-craps-loss

Marcus Jordan -
[1] = https://www.espn.com/
mens-college-basketball/news/sto
ry?id=5513792
[2] = https://nba.nbcsports.com/2
010/08/30/marcus-jordan-tweeted-abou
t-underage-tweeting-gambling/
[3] = https://www.essentiallysports.
com/nba-basketball-news-just-like-father
-michael-jordan-who-lost-5-million-in-1-nig
ht-of-gambling-son-marcus-jordan-threw
-away-50k-in-1-wild-vegas-party/

Gambling is a very serious addiction. Those who have indulged in this addiction have never been able to improve their family. Pushed into ruin in their own lives. I have met many people who once had a lot of money but today they are completely destitute due to their bad gambling habit. There is no capital left to go on. I will always give good advice to our children to never indulge in these drugs.  Because all this gambling is completely bad and vice is an addiction.Giving them a good future and a good life is the responsibility of every parent.