Parents And Their Children In Gambling..

[Oasisman]

Apparent who is teaching the children how to gamble that parents is trying to mislead and the discouraged the children for a right way of surviving in life sometimes gambling is for rich people and they use it for leisure hour but some people don't understand that that is meant for rich people for play but extending it to children that you born that have not make any way for their self that means you are encouraging them for the bad part of life it is not good to educate children gambling from the starting.

It's not correct, gambling isn't only for rich people, but actually gambling is for people who can manage their money and control their emotion. Even though rich people will have more money they can afford to lose, but if they keep bet with huge amount and only to chase winning to recover their previous losses. They will become rekt in the future, this will make them in trouble. This is why gambling isn't for chase winning, but for fun.

I have taught my kid to gamble to stimulate his brain to work, to let him think over strategies, to learn basic math, to learn to bluff, to learn to be cunny. We are playing card games, monopoly, some games with chips and etc. Just basic games where no money are involved. Let my kid now basics of gambling at home, but not at a place with slots. But to be honest, I've tried playing slots with lunch money. I have never succeeded, and probably that is why it did not hook me and I got no addiction.

For family leisure purposes, we've dont this with my siblings and cousins too with their young kids.
Gambling is not entirely bad. It's not not-to gamble that you teach your children, because they'll eventually learn when they grow up especially when they become very interested in it. Instead, a parent should teach their children how to manage their money financially. So, I have to agree to the user above that gambling is for people who can manage their money very well in terms of gambling.  Otherwise, you'll get broke in no time.

[swogerino]

Apparent who is teaching the children how to gamble that parents is trying to mislead and the discouraged the children for a right way of surviving in life sometimes gambling is for rich people and they use it for leisure hour but some people don't understand that that is meant for rich people for play but extending it to children that you born that have not make any way for their self that means you are encouraging them for the bad part of life it is not good to educate children gambling from the starting.

It's not correct, gambling isn't only for rich people, but actually gambling is for people who can manage their money and control their emotion. Even though rich people will have more money they can afford to lose, but if they keep bet with huge amount and only to chase winning to recover their previous losses. They will become rekt in the future, this will make them in trouble. This is why gambling isn't for chase winning, but for fun.

I have taught my kid to gamble to stimulate his brain to work, to let him think over strategies, to learn basic math, to learn to bluff, to learn to be cunny. We are playing card games, monopoly, some games with chips and etc. Just basic games where no money are involved. Let my kid now basics of gambling at home, but not at a place with slots. But to be honest, I've tried playing slots with lunch money. I have never succeeded, and probably that is why it did not hook me and I got no addiction.

For family leisure purposes, we've dont this with my siblings and cousins too with their young kids.
Gambling is not entirely bad. It's not not-to gamble that you teach your children, because they'll eventually learn when they grow up especially when they become very interested in it. Instead, a parent should teach their children how to manage their money financially. So, I have to agree to the user above that gambling is for people who can manage their money very well in terms of gambling.  Otherwise, you'll get broke in no time.

That is only in theory,we all know how difficult is to manage money not only in gambling but in every sphere of life.I think this is the reason that we have sooooooooo many books on financial literacy like ; Rich dad,poor dad,The richest man in Babylon,Think and Grow rich etc.

In gambling this is even more difficult.What we should teach our children is that in gambling there is little benefit and only rarely while the damage is huge if we gamble persistently because the gambling is projected to make money to its owners,like casino owners in the long run and not to the average player.

[rahmad2nd]

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..

I don't want to be a judge, with a story that happened to one of these people who was once a basketball superstars.

I'm sure, almost all members of our forum are very familiar with the name Michael Jordan, he was one of the basketball superstarts in his era. however, what is told in this thread. reminds me of another member's thread, which raised one of the roles of parental genetics in offspring.

on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.

I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.

[erep]

on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.

I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.

I think we have the same thoughts about the son of the billionaire, anyone wouldn't be surprised if he spent $50k a night and I think that's just pocket money used for his needs. Based on the article states that Micheal Jordan has a net worth of $1.6 billion, so I don't need to explain anything about the amount of money his son spent.

But regarding the conclusion, if we are asked how strict the parents are if you are positioned in the status of a billionaire and you have a habit of gambling, so will you forbid your son to gamble and will limit the money given to your son?
I would say yes, he is not yet worthy of gambling with adults and he should be in an age appropriate environment, but when he is an adult he will determine his own future and I as a parent will prioritize providing support for his future goals.

[Silberman]

Apparent who is teaching the children how to gamble that parents is trying to mislead and the discouraged the children for a right way of surviving in life sometimes gambling is for rich people and they use it for leisure hour but some people don't understand that that is meant for rich people for play but extending it to children that you born that have not make any way for their self that means you are encouraging them for the bad part of life it is not good to educate children gambling from the starting.

It's not correct, gambling isn't only for rich people, but actually gambling is for people who can manage their money and control their emotion. Even though rich people will have more money they can afford to lose, but if they keep bet with huge amount and only to chase winning to recover their previous losses. They will become rekt in the future, this will make them in trouble. This is why gambling isn't for chase winning, but for fun.

I have taught my kid to gamble to stimulate his brain to work, to let him think over strategies, to learn basic math, to learn to bluff, to learn to be cunny. We are playing card games, monopoly, some games with chips and etc. Just basic games where no money are involved. Let my kid now basics of gambling at home, but not at a place with slots. But to be honest, I've tried playing slots with lunch money. I have never succeeded, and probably that is why it did not hook me and I got no addiction.

For family leisure purposes, we've dont this with my siblings and cousins too with their young kids.
Gambling is not entirely bad. It's not not-to gamble that you teach your children, because they'll eventually learn when they grow up especially when they become very interested in it. Instead, a parent should teach their children how to manage their money financially. So, I have to agree to the user above that gambling is for people who can manage their money very well in terms of gambling.  Otherwise, you'll get broke in no time.

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

[Fredomago]

on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.

I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.

I think we have the same thoughts about the son of the billionaire, anyone wouldn't be surprised if he spent $50k a night and I think that's just pocket money used for his needs. Based on the article states that Micheal Jordan has a net worth of $1.6 billion, so I don't need to explain anything about the amount of money his son spent.

But regarding the conclusion, if we are asked how strict the parents are if you are positioned in the status of a billionaire and you have a habit of gambling, so will you forbid your son to gamble and will limit the money given to your son?
I would say yes, he is not yet worthy of gambling with adults and he should be in an age appropriate environment, but when he is an adult he will determine his own future and I as a parent will prioritize providing support for his future goals.

That's nothing compared to how much his dad is earning and for sure MJ knows about it and the way he's letting things to happen might be because of his personal experienced, he is allowing his son to experience it and let him learn to be responsible, as per my own take here, such amount is nothing for the Jordan clan, they just treat it as normal luxury expense and let it go.

But in terms of how parenting even I'm a billionaire I won't allow it as there are many other things in life my son can spend his money
then enjoy it away from any gambling activities.

[maydna]

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

[delfastTions]

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

By the way, one of the aspects of such training is obviously separate lessons on how to manage capital in case the child decides to gamble with money that he got from his parents. 
This is where the father himself or, for example, the older brother, should sit next to the computer and make sure that the child does not make stupid bets and from childhood get used to prudence and calculation of his capabilities.  But of course, it is better that he plays such games as little and as little as possible and begins to try games in his later adolescence. 
I think that now almost all teenagers go through such games.  And it would be nice if they would not become gamers.  It's up to the parents to keep an eye on this.

[maydna]

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

By the way, one of the aspects of such training is obviously separate lessons on how to manage capital in case the child decides to gamble with money that he got from his parents. 
This is where the father himself or, for example, the older brother, should sit next to the computer and make sure that the child does not make stupid bets and from childhood get used to prudence and calculation of his capabilities.  But of course, it is better that he plays such games as little and as little as possible and begins to try games in his later adolescence. 
I think that now almost all teenagers go through such games.  And it would be nice if they would not become gamers.  It's up to the parents to keep an eye on this.

If parents or older brothers try to teach money management in gambling, I don't think it will be easy because we see that children are still unstable and can be provoked by emotions to spend all their money in one round. They can do this without their parents or older brother knowing, especially if they are often alone and busy using their cell phones. Parents don't need to show children betting sites because they are more curious than adults. That can trigger them to take a closer look at the site, and maybe they will register themselves to look into the site. In the end, they can easily ask their parents for money for other purposes when they use the money to gamble without their parents knowing.

[LUCKMCFLY]

There are several reasons to get involved in betting. One gets inspired by watching other's betting. Someone or a member of the circle can be motivated by betting. Some are influenced by friends while others can learn from online. As a father one needs to give more important in this matter, some gamblers become gamblers which can even endanger the gambler's life. That picture is very common especially for those who are miners.

Nowadays people get easily influenced by social media because we know how those people makes an advertisement how much money they earn in playing gambling and of course because of having a boring life inside the house due to covid reasons some of them want to seek some entertainment and fun in their life so that's why they caught their attention why not to take some time to play gambling nothing will too much happen because they have some spare money in their accounts and by that if they lose control that's the time they are getting addicted even their children see those playing of gambling.

Well this is something that can have a lot of impact, I am a person who really likes it when they publish their earnings in the threads, especially at stake.com where I have seen that there are great earnings, because with earnings of that style you can solve not one but several lives, this is something that eventually always happens at stake.com, just like I've seen at duelbits, at bitcasino.io, and if I can't deny that this is like an incentive, it's like an additional motivation that you have, then all these things together can make a person much more interested in the game and want to do great feats, of course skipping all addiction options.

<snip>
Gambling is not bad just that people plays it in a bad way. Like they normally say too much of everything is not good , this is the same thing with gamble, too much of it is not good it runs people  down. Gambling is for entertainment,  if people can play it in a decent way and follow the rules I don't see it to be a bad thing.

That's true. Gambling should just be seen as for entertainment only. Gamblers or those that wants to try gambling should set themselves that gambling is just like this, for entertainment... and do not gamble if you cannot afford to lose what you are staking. Only use your extra funds if you are going to play. Otherwise, the experience can be really hurtful and can impact your living in a negative way.

You wouldnt really be thinking yourself on losing that much since you are depending on your parents money and been using it basing up on the situation stated on OP.As a children of said millionaire or known person

then its likely that you would really be having no problems when it comes to spending and yes, gambling is for leisure but for those who do have that capability on spending more would really be definitely looking the other
side of things which they would really be just tolerating that thing not only on gambling addiction but also into alcohol or even engaging into girls or something correlated
which this is the result if you do raise up your kids on a manner which funds or financial aspect isnt on moderated.

Well as we all know, children have to be taught the value of money and that money is earned with the sweat of their brows, sometimes there are parents who have very good purchasing power and are allowed to give their children everything, but you also have to let them know that things are obtained according to the effort that has been made, sometimes it is a mistake to make things so easy for children, and guidance should always be a right that every child should always have, and the responsibility of their parents so that their children are formed as good people and always value the things that they can give them.

[Rigon]

on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.

I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.

I think we have the same thoughts about the son of the billionaire, anyone wouldn't be surprised if he spent $50k a night and I think that's just pocket money used for his needs. Based on the article states that Micheal Jordan has a net worth of $1.6 billion, so I don't need to explain anything about the amount of money his son spent.

But regarding the conclusion, if we are asked how strict the parents are if you are positioned in the status of a billionaire and you have a habit of gambling, so will you forbid your son to gamble and will limit the money given to your son?
I would say yes, he is not yet worthy of gambling with adults and he should be in an age appropriate environment, but when he is an adult he will determine his own future and I as a parent will prioritize providing support for his future goals.

Those who are billionaires will have different means of spending their money. They will be addicted to different drugs.Because they have no account of money. They will be addicted to gambling. Sometimes they win twice or three times as much as they lose from gambling.But the question here is that it is not right to be addicted to gambling without being an adult. In my opinion if I am a millionaire I will never give all this to my children I will never indulge in all these activities. When the time comes for your destruction, you will suffer from various means. If you want to go well in life, you have to focus on different aspects.One thing to remember is that the wheel of fortune is not always the same. That can certainly change.

[Fredomago]

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

By the way, one of the aspects of such training is obviously separate lessons on how to manage capital in case the child decides to gamble with money that he got from his parents. 
This is where the father himself or, for example, the older brother, should sit next to the computer and make sure that the child does not make stupid bets and from childhood get used to prudence and calculation of his capabilities.  But of course, it is better that he plays such games as little and as little as possible and begins to try games in his later adolescence. 
I think that now almost all teenagers go through such games.  And it would be nice if they would not become gamers.  It's up to the parents to keep an eye on this.

If parents or older brothers try to teach money management in gambling, I don't think it will be easy because we see that children are still unstable and can be provoked by emotions to spend all their money in one round. They can do this without their parents or older brother knowing, especially if they are often alone and busy using their cell phones. Parents don't need to show children betting sites because they are more curious than adults. That can trigger them to take a closer look at the site, and maybe they will register themselves to look into the site. In the end, they can easily ask their parents for money for other purposes when they use the money to gamble without their parents knowing.

Inside their young minds, being an explorer might harm them. They are more curious, just like what you said they can be provoked to go all in or yolo all their money in one round, putting them in regrets and wanted to play for more. It's difficult to control such kind of behaviors as even us adult are also prone to mismanage our funds while playing inside gambling.

It's best not to let your kids be left alone. Always be a good example and guide them towards their journey in life.

Be the parents/guardians that always know how to understand and are willing to help in case something wrong happens by any chance.

[Betwrong]

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.

What can I say? You've got great parents then, hard working to support you, and understanding, and that is also the support any teenager needs. After all, they weren't gambling addicts, were they?

But that's just your case. You are lucky, mate. Your parents served as a good example for you. In so many cases I know, kids survived only because they were doing the opposite to what there parents were doing. And I mean gambling addiction in the first place. Kids from such families don't want to even hear about gamling, let alone engage with it.

[Yatsan]

on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.

I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.

I think we have the same thoughts about the son of the billionaire, anyone wouldn't be surprised if he spent $50k a night and I think that's just pocket money used for his needs. Based on the article states that Micheal Jordan has a net worth of $1.6 billion, so I don't need to explain anything about the amount of money his son spent.

But regarding the conclusion, if we are asked how strict the parents are if you are positioned in the status of a billionaire and you have a habit of gambling, so will you forbid your son to gamble and will limit the money given to your son?
I would say yes, he is not yet worthy of gambling with adults and he should be in an age appropriate environment, but when he is an adult he will determine his own future and I as a parent will prioritize providing support for his future goals.

Those who are billionaires will have different means of spending their money. They will be addicted to different drugs.Because they have no account of money. They will be addicted to gambling. Sometimes they win twice or three times as much as they lose from gambling.But the question here is that it is not right to be addicted to gambling without being an adult. In my opinion if I am a millionaire I will never give all this to my children I will never indulge in all these activities. When the time comes for your destruction, you will suffer from various means. If you want to go well in life, you have to focus on different aspects.One thing to remember is that the wheel of fortune is not always the same. That can certainly change.

Addiction has no age. Wether you are an adult or not, everything which is too much should be stopped. Privillege indeed has many sides; you can use it as an advantage in life or it may consume you as an individual to be too comfortable with life and with lacking responsibility of different things. In this case, parents themselves are guilty of what happened to their child but let's end it that way. As long as they are aware between right and wrong, behaviors can still be changed for a better. If rehabilitation would be needed then so be it, because if nothing will be done in order to stop a behavior expect the worst such as leaving them all with empty-handed or them being uncomfortable with life without this activity which hooked them up.

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.

What can I say? You've got great parents then, hard working to support you, and understanding, and that is also the support any teenager needs. After all, they weren't gambling addicts, were they?

But that's just your case. You are lucky, mate. Your parents served as a good example for you. In so many cases I know, kids survived only because they were doing the opposite to what there parents were doing. And I mean gambling addiction in the first place. Kids from such families don't want to even hear about gamling, let alone engage with it.

That's just sad reality. Sometimes curiousity will put you at risk from trying different things outside what is being thought inside a home. To experience something new is good but make sure you'd get through it. If not seeking help or providing the help to other people who you think are struggling to get out of such activities, will also do.

[skarais]

Addiction has no age. Wether you are an adult or not, everything which is too much should be stopped.

If it is on gambling, then it is clearly very bad to continue without realizing what the effect will be in the long term.

Privillege indeed has many sides; you can use it as an advantage in life or it may consume you as an individual to be too comfortable with life and with lacking responsibility of different things. In this case, parents themselves are guilty of what happened to their child but let's end it that way. As long as they are aware between right and wrong, behaviors can still be changed for a better. If rehabilitation would be needed then so be it, because if nothing will be done in order to stop a behavior expect the worst such as leaving them all with empty-handed or them being uncomfortable with life without this activity which hooked them up.

Demographics is probably the reason why a child is free to do anything beyond his parents' control when he is 18+. In my country gambling is still the reason why you are said to be a bad person to be guided, obviously this is the norm in society which may differ from country to country. But whatever it is, I don't think it's a big deal for the billionaires out there to be afraid of because they might really want to see their kids enjoy a life of luxury or whatever.

[Jemzx00]

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 teenager hates about their parents is being strict.  But then it can be communicated.

What can I say? You've got great parents then, hard working to support you, and understanding, and that is also the support any teenager needs. After all, they weren't gambling addicts, were they?

But that's just your case. You are lucky, mate. Your parents served as a good example for you. In so many cases I know, kids survived only because they were doing the opposite to what their parents were doing. And I mean gambling addiction in the first place. Kids from such families don't want to even hear about gambling, let alone engage with it.

I guess the saying "to each their own" applies to this scenario as I can relate to both of you as I also don't have such great parents however each family is not the same. While some families' parents will protect and support their children, but some don't and will never want to be just like their parents.

Just as I've said, I can relate to both scenarios as I never want to be with someone just like one of my parents but can consider myself being with one of them. I also, don't have a good parent to have an example to but I'll try to be survived on my own and be someone that I want.

[paxmao]

on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.

I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.

I think we have the same thoughts about the son of the billionaire, anyone wouldn't be surprised if he spent $50k a night and I think that's just pocket money used for his needs. Based on the article states that Micheal Jordan has a net worth of $1.6 billion, so I don't need to explain anything about the amount of money his son spent.

But regarding the conclusion, if we are asked how strict the parents are if you are positioned in the status of a billionaire and you have a habit of gambling, so will you forbid your son to gamble and will limit the money given to your son?
I would say yes, he is not yet worthy of gambling with adults and he should be in an age appropriate environment, but when he is an adult he will determine his own future and I as a parent will prioritize providing support for his future goals.

It is certainly a problem to raise children when you do not have enough money to cover the basics or if you are constantly having to look for alternatives to do so and have no security for the future. However, I think it must be also be quite hard to educate children that pretty much can have whatever they want and whenever they want. It is so easy for them to become shitheads, including gambling like stupids.

[maydna]

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

By the way, one of the aspects of such training is obviously separate lessons on how to manage capital in case the child decides to gamble with money that he got from his parents. 
This is where the father himself or, for example, the older brother, should sit next to the computer and make sure that the child does not make stupid bets and from childhood get used to prudence and calculation of his capabilities.  But of course, it is better that he plays such games as little and as little as possible and begins to try games in his later adolescence. 
I think that now almost all teenagers go through such games.  And it would be nice if they would not become gamers.  It's up to the parents to keep an eye on this.

If parents or older brothers try to teach money management in gambling, I don't think it will be easy because we see that children are still unstable and can be provoked by emotions to spend all their money in one round. They can do this without their parents or older brother knowing, especially if they are often alone and busy using their cell phones. Parents don't need to show children betting sites because they are more curious than adults. That can trigger them to take a closer look at the site, and maybe they will register themselves to look into the site. In the end, they can easily ask their parents for money for other purposes when they use the money to gamble without their parents knowing.

Inside their young minds, being an explorer might harm them. They are more curious, just like what you said they can be provoked to go all in or yolo all their money in one round, putting them in regrets and wanted to play for more. It's difficult to control such kind of behaviors as even us adult are also prone to mismanage our funds while playing inside gambling.

It's best not to let your kids be left alone. Always be a good example and guide them towards their journey in life.

Be the parents/guardians that always know how to understand and are willing to help in case something wrong happens by any chance.

When a child gets provoked for what has happened, they tend to move unconsciously and can immediately place bets in larger amounts than before. This also happens to some adults. Their unstable emotions will also prompt them to continue playing gambling.

Being a parent who always accompanies their children in living their lives is very important because we want to see them happy and can also do the same for their children later. What we teach them will be passed on to their children, and if this has become a habit, we can feel the joy of seeing our descendants become responsible children for their lives and their families later.

[worldofcoins]

For father, I can say that he can gamble out his money according to his wish as he knows what he is doing due to his experience. Also, that particular money belongs to him, so we can't impose any restrictions upon him for spending his own money, but as far as they're concerned, teaching the value of money to the children is significant. Also, as per Nevada's state laws, he was underage and legally isn't allowed to drink and gamble, so he was not supposed to do that; the responsibility lies with the parents to prevent him from performing any illegal activity.

[Fredomago]

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

By the way, one of the aspects of such training is obviously separate lessons on how to manage capital in case the child decides to gamble with money that he got from his parents. 
This is where the father himself or, for example, the older brother, should sit next to the computer and make sure that the child does not make stupid bets and from childhood get used to prudence and calculation of his capabilities.  But of course, it is better that he plays such games as little and as little as possible and begins to try games in his later adolescence. 
I think that now almost all teenagers go through such games.  And it would be nice if they would not become gamers.  It's up to the parents to keep an eye on this.

If parents or older brothers try to teach money management in gambling, I don't think it will be easy because we see that children are still unstable and can be provoked by emotions to spend all their money in one round. They can do this without their parents or older brother knowing, especially if they are often alone and busy using their cell phones. Parents don't need to show children betting sites because they are more curious than adults. That can trigger them to take a closer look at the site, and maybe they will register themselves to look into the site. In the end, they can easily ask their parents for money for other purposes when they use the money to gamble without their parents knowing.

Inside their young minds, being an explorer might harm them. They are more curious, just like what you said they can be provoked to go all in or yolo all their money in one round, putting them in regrets and wanted to play for more. It's difficult to control such kind of behaviors as even us adult are also prone to mismanage our funds while playing inside gambling.

It's best not to let your kids be left alone. Always be a good example and guide them towards their journey in life.

Be the parents/guardians that always know how to understand and are willing to help in case something wrong happens by any chance.

When a child gets provoked for what has happened, they tend to move unconsciously and can immediately place bets in larger amounts than before. This also happens to some adults. Their unstable emotions will also prompt them to continue playing gambling.

Being a parent who always accompanies their children in living their lives is very important because we want to see them happy and can also do the same for their children later. What we teach them will be passed on to their children, and if this has become a habit, we can feel the joy of seeing our descendants become responsible children for their lives and their families later.

I agree to that, being responsible kids and a parent in the future is a joy to us being their parents, knowing that they are being guided the right way, especially if we apply it with gambling, if we are able to guide our kids the right way they will not involve to these activities that much, if we give them a chance to experience but not to leave them doing it alone.

It's good to know that they will also bring the same thing when they are already in the situation like ours now.

For father, I can say that he can gamble out his money according to his wish as he knows what he is doing due to his experience. Also, that particular money belongs to him, so we can't impose any restrictions upon him for spending his own money, but as far as they're concerned, teaching the value of money to the children is significant. Also, as per Nevada's state laws, he was underage and legally isn't allowed to drink and gamble, so he was not supposed to do that; the responsibility lies with the parents to prevent him from performing any illegal activity.

Getting your point, the limitation is still needed to serve as good guidance to our kids, maybe yes it is their right to spend the money to whatever they wanted but it's still possible for us to direct them to a proper usage of their money, it will lead them to become responsible person, valuing the money is what we can guide them to prevent our kids abusing their freedom.