Impact of underage gambling? - page 4.

yazher

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

I think one of the reasons why kids won't be allowed to play because they are not the one who earns the money to use as capital for gambling, it means they need to use their allowance. Let say he will have $100 for a week, he gonna use half of it and when he lost it all, there's a high tendency that he will gonna use the remaining half until he loses his allowance totally and after that, he will start to lie to his parents asking for some payments for some imaginary activities then if he still loses that money then the next thing he will do will be worst than before. I know someone who did exactly what I have told you guys but he isn't addicted to gambling. he was addicted to playing DOTA on the internet cafe.

imstillthebest

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impact of underage gambling can be good or bad . good because like you said they are earning money for themselves and they dont need to depend to thier parents anymore but bad because it can cause addiction and it can affect their studies .
to me the best age to get involved in gambling is 18 years old because this is normally the age where our brain gets mature and we will now know if what we are doing is good or bad .
guidance might be needed tho because there are kids that will do things even if they know that its bad

lienfaye

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

Kids should not involve themselves in gambling regardless if they will play for fun or not. As you've stated, gambling can be addicting and we know the effect of it for a person's life so what more for kids? The best time for an individual (im talking about in general not only for kids) is to gamble if they are already earning through their hardwork. That way he can decide if he wants to gamble his hard-earned money either to gain or to have fun.

Lordhermes

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Underage gambling really has so much to do on our young people,it exposes them to several dangers in life.In as much as we are looking at the impact of underage gambling,we also have to take a look at what causes underage gambling.
One of the causes of underage gambling can be lack of parental training.Most of our kids lack that parental care and discipline,so they go about doing what ever thing that seems good to them,even if it will affect their future later.
Nevertheless,underage gambling has cause so many negative attributes to the society we live in today.It causes crime, it causes theft,and etc.too many to mention.

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Young people who are involved in gambling and crypto are something different, but if you say it is crypto gambling then it is clearly about gambling. You said these days young people can earn from the crypto space and for me it's not crypto gambling which means it can be from investing and or trading, but if you mean crypto gambling then I can assume it is an early win experienced by early gamblers. This obviously still has risks, because in gambling itself a gambler will never be able to consistently make money. So yes, a young age that can be said to be worthy of gambling for me, when they can be responsible by having their own income.

traderethereum

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I think no best age for a kid can be involved in online crypto gambling because that will depend on how they can take care and be responsible for themselves.
If they only want to feel how to play gambling, they will be okay, but if they can not manage their time and money, I am afraid that only a matter of time will see that kid become addicted to gambling.
A kid does not have to be involved in gambling games, whether they have a responsibility and can take care of themselves or can not do that because gambling can make them get addiction if they play it for a long time.
If that young person above 20 years old, I think they can play gambling but with limitations and strong control for themselves.

acroman08

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Quote from: xSkylarx on September 20, 2021, 11:30:57 AM

However, unlike adults, young people are extremely vulnerable. I believe you are simply observing and noticing them. You don't seem to know them very well. They aren't addicted to it, as you believe. You can imagine that if a young person becomes addicted to gambling at a young age, he or she will be more likely to engage in illegal activities or extort money from their parents just to play. This is just one of the many consequences. I believe they should be informed of the danger.

I never said that they aren't vulnerable and I never said that they are addicted. I simply said that I don't recommend or encourage people to gamble especially if it is a child. I also said that if they ever get exposed let them know the truth and do not sugar coat the explanation(which a lot of people do when they are trying to explain things to kids).

dbc23

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Maturity should be considered not age considering that many factors could lead an under-aged fellow into gambling. I came to discover many underaged gambler although not all have control over their emotions compared to adults.

The perfect age for an individual to engage in gambling is when the person can handle emotions and has a source of income then they can gamble because the responsibility that comes with earnings would help reduce excessive gambling

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

We can't stop them if they really want to gamble. The more they are limited to some things, the more they will be aggressive and will find ways to gamble.

Let's just do our best to educate them and talked to them nicely that gambling is risky. Sometimes, they are just dragged by their friends and so and that was part of social relationship that we can't control.

Trust them that they won't end up badly doing gambling. Teach them to become responsible. that's the only way we can helped them.

Hypnosis00

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

For their young age, I don't see gambling as a good venue to learn about crypto life. Although some did it and make some money and since it was gambling, I don't suggest for them to get involved but rather to encourage them to stay away from this.

Honestly, they couldn't get a better future with this but might only it causes addiction which I don't want to happen. Early exposure to gambling makes their mind that instead of going to school and learn, they'll be thinking now different. Are they enjoying their life as a kid? No, they don't which I'm not preferred with it.

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Quote from: Smartvirus on September 20, 2021, 09:37:40 AM

Quote from: Wiwo on September 20, 2021, 09:10:17 AM

What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

Is it really necessary that one needs to go into gambling?

Not like its a crime or anything but gambling is such a daring field of human endeavor that, only the matured minds and financially stable individuals could handle. It could frustrate a person or affect one's mental health completely. I recently viewed a clip of some gambler pleading that his money be given back after losing on a virtual bet. It was sad to see how the money meaned a lot to the individual and yet he gambled & lost it. Unfortunately with the site of gambling where the CEO is far from reach, your money can't be given back, its business. You don't give back a win so, same applies to the loses.

Gambling has a way of affecting your mind and the way one thinks. I saw a thread on the forum lately, I don't want to mention the user but, the user is an under age individual that tried some gambling and confused that, its all he or she could think about while in school. You just want to get home and try out some new games. Either You loose or gain, it drives your thought towards making money or recovering some lost funds.

So, gambling goes beyond age, its maturity and your economic standing.

It's correct and I agree. As long as the person is matured enough to know the risks they are going into, I don't mind if they are still at a young age or not. Respect at those young ones that are matured already and able to think properly compare to some adult gamblers. I won't stop these young ones to gamble but I do hope their mature thinking won't change in the long run.

There are still lots of challenges these young ones will encounter while gambling. Since they gamble early, they will be more responsible and skilled gamblers in the long run as long as they continued. But since they are young ones, I doubt the majority of them will be gambling addicts right away. At that age, they are still mostly trolling at their social life and friends. They are also involved mostly in sports and other social activities. Not purely on gambling as a form of entertainment.

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

There's no age restriction for me as young folks have different stands and knowledge. What if even at a young age, they are responsible gamblers right away. They know their limit, they know the do's and don'ts and they are just taking gambling as a side activity.

I'm not surprised at those young ones gambling. What I'm more surprised about is at that age, they are interested in crypto. Already knows the basics of setting up a wallet and the most surprising, they already have money to spare on gambling at that age lol. How can they deposit crypto as KYC is necessary at exchanges? Likely today, teens are mostly hardcore gamers and will just play those games. Even betting for it. But not on the crypto side playing in crypto gambling sites.

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Quote from: alegotardo on September 20, 2021, 03:15:30 PM

In my country, the government is only now starting to talk about financial education in schools. But I see that there are many children "playing" in gambling without having the slightest knowledge of finances, this is absurd.
I don't know if there is a right age, each country has a different culture, different habits, and different education.

I think that before the age of 18 no one should bet on gambling, and even people over 18 who do not have an income (they still depend on their parents, for example) should be banned from gambling.

To paraphrase what @alegotardo said...
They are talking about financial education in schools (especially in high-level private schools).
But I believe that, depending in the culture of the country, its habits in relation to gambling, I believe that it is valid to educate these children/teenagers about the dangers that this could happen in the future.

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

Kids should not involve themselves with gambling no matter how responsible you think they are, it is that simple, kids simply do not have the abilities to deal with gambling as they have not matured enough to be considered to be responsible for their actions.

Besides most kids do not have their own source of income and instead they rely on their parents, and no parent is going to agree to give their kids money so they can gamble with it, so I do not think there is a discussion to be had, kids should not gamble even if they believe they can win as most of the time this is an illusion and it is not true at all.

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

In my country, the government is only now starting to talk about financial education in schools. But I see that there are many children "playing" in gambling without having the slightest knowledge of finances, this is absurd.
I don't know if there is a right age, each country has a different culture, different habits, and different education.

I think that before the age of 18 no one should bet on gambling, and even people over 18 who do not have an income (they still depend on their parents, for example) should be banned from gambling.

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Quote from: Slow death on September 20, 2021, 02:27:09 PM

Quote from: Wiwo on September 20, 2021, 09:10:17 AM

but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.

I hope you know that there is a difference:

1 - young people earn money from investments in cryptocurrencies

2 - young people are in the gambling that most of them lose money

are two different things, and it is known that most people lose money in gambling

Quote from: Wiwo on September 20, 2021, 09:10:17 AM

What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

It is a consensus among most countries in the world that being 18 is already of age and responsible for themselves and casinos only allow people over 18 to use the casino, so your answer is 18 years old.

I should be clear as stated! Wink

there are differences between these two things, number one is more on a wiser side if young folks invest into crypto and managed to find the right asset to earn, they are doing the right thing and have a better future ahead.

Though number just like how you described it, most young gamblers suffer lots of worse things when participating at this early stage. The corruption in mind leads them to get addicted and lose a lot of money and time.

and in terms of best age, I also agree that allowing young adult who already 18years old may able to explore and suit themself up into gambling whether they will proceed or choose to walk the other way.

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

So often at times, we are always warned not to allow kids to get involved in gambling and one of the major reasons is that gambling is a highly addictive activity, but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.
What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

I wont never recommend gambling on any kid or underage because this shouldnt really be introduced on them on earliest years of their lives but rather focus on other things which is arent really related to this.

Yes, it can give out that chance on making money but doesnt mean that it would be sustainable or really that ideal for those kids to involved on.Gambling is for entertainment and not for source of income.

Play gambling when you are matured enough on where you could able to handle up your emotion and you are fully aware in regarding with your actions.

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I think that we should try to keep children away from gambling until they can understand what dire situations gambling addiction can lead to. Some are able to understand it when they are 14 years old and some will never understand it no matter how many times we explain or forbid it to them. That's why I don't think it's right to talk about age when we're discussing gambling. I never rely on the state in such matters and I believe that each of us should control our own children regardless of age restrictions on gambling in any country.

Slow death

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Quote from: Wiwo on September 20, 2021, 09:10:17 AM

but in recent times we see how young folks are making a positive impact and making money for themselves through the cryptocurrency space.

I hope you know that there is a difference:

1 - young people earn money from investments in cryptocurrencies

2 - young people are in the gambling that most of them lose money

are two different things, and it is known that most people lose money in gambling

Quote from: Wiwo on September 20, 2021, 09:10:17 AM

What is the best age a kid should get involve in online crypto gambling and what is your recommendation for that?

It is a consensus among most countries in the world that being 18 is already of age and responsible for themselves and casinos only allow people over 18 to use the casino, so your answer is 18 years old.

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Underage gambling is not just because of the addiction but because kids are unlikely unable to manage money. Considering that they have lower knowledge and experience, it is a waste to let them gamble knowing they could lose all. Besides, gambling is very risky in the sense that you could lose all your money in one bet. On the other hand, crypto is somewhat different as you can forever have the same unit of a token/coin, just that there's fluctuation in its worth. So, it is more based on the risk, IMO.

Topic: Impact of underage gambling? - page 4. (Read 608 times)