Parents And Their Children In Gambling.. - page 11.

Obari

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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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....

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] = m/article/billionaire-michael-j
ordan-s-multi-million-dollar-be
ts-5million-craps-loss">https://www.pokertube.co
m/article/billionaire-michael-j
ordan-s-multi-million-dollar-be
ts-5million-craps-loss

Marcus Jordan -
[1] = mens-college-basketball/news/sto
ry?id=5513792">https://www.espn.com/
mens-college-basketball/news/sto
ry?id=5513792
[2] = 010/08/30/marcus-jordan-tweeted-abou
t-underage-tweeting-gambling/">https://nba.nbcsports.com/2
010/08/30/marcus-jordan-tweeted-abou
t-underage-tweeting-gambling/
[3] = 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/">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/

This is really a situation where the African saying "LIKE FATHER LIKE SON" comes in. Just from your quotes of what both the father and the son said, it doesn't seem to me that they were really bothered about the whooping sum of money that was spent, and I guess those gambling sites would really have been dancing so hard those nights. My first question was how did Marcus come about such amount of money if not from his father? Which means his dad which I believe has already provided him with all the luxuries of life still pumps in huge sum of money into his son's account and he knows fully well that it will be squandered. So I believe every family has it's ethics of raising a child(Ren).

Personally I don't think letting children underaged gamble is right as it is also against both gambling and betting regulations if almost every country that allows betting and gambling

coinerer

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Quote from: Crypt0Gore on October 16, 2022, 02:08:18 AM

No way, even if I am a pro gambler I will never influence my kid to be a gambler and I would not want to see my kid doing that, there is a gambler in my city that knows he way around gambling and his downfall started when his first son started wasting his money in casinos, he has no gambling experiences and lessons and he kept losing money until he got into a big debt.

Rich gambler or poor is not the problem here. Whether you are rich or poor you should never involve your children in gambling and let them gamble. If you are rich and allow your children to gamble then it will be a bad experience for you and your children will eventually get involved in many bad activities and there futures will be ruined.

Mauser

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Quote from: BitcoinAccepted on October 15, 2022, 05:08:46 PM

It is a much discussed topic and probably also quite a big and social problem in society today. More and more children are gambling and how do you deal with this as a parent? There are also many children who know how to keep this well hidden. And at what point do we still speak of children? Someone who is 50 and has a son who is 30 who gambles is officially also a child. But that is different from a minor child who is already addicted to gambling. The only positive thing about underage gambling is that sites do not allow you to create an account if you are underage, you could still play with bitcoins. But otherwise you can only gamble reasonably innocently until the age of 18. Then you are talking about poker with your friends for fun for example.

I think this is the worst if children are gambling and not telling their parents. Even when you are not a minor anymore it feels wrong to hide your gambling activities from your parents and your friends. It's one thing no not tell them, and it's another thing to lie to them to try and make them believe you are not gambling at all. All the children in my family are still young and below 10 years, gambling is not an issue yet, but it will be eventually. I know that my brother in law likes to gamble to and we sometimes talk about it. My parents don't really like it but they accept it and we can talk about it openly. It's the same thing I want with my children as well. It's so much better to talk openly about something than banning it for our kids and not knowing it they will follow the ban or not. Eventually our children will make their decision alone and we can't influence them forever. In many countries is gambling part of the culture and its nornal for kids to be curious. I still remember how I was with 15/16, you see the casino life in movies and want to give it a try yourself.

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Quote from: Crypt0Gore on October 16, 2022, 02:08:18 AM

No way, even if I am a pro gambler I will never influence my kid to be a gambler and I would not want to see my kid doing that, there is a gambler in my city that knows he way around gambling and his downfall started when his first son started wasting his money in casinos, he has no gambling experiences and lessons and he kept losing money until he got into a big debt.

If you are a gambler you don't need to influence your children by telling them to gamble. Children learn by observation, when they see you gamble they will begin to gamble, when they see you smoke, they will learn to smoke, when they see you drink they will also learn to drink. It does not mean that it is you that is going to influence them by telling them to start gambling, that is why online gambling is fine .When you are behind your screen they will not know what you are doing online .

Crypt0Gore

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No way, even if I am a pro gambler I will never influence my kid to be a gambler and I would not want to see my kid doing that, there is a gambler in my city that knows he way around gambling and his downfall started when his first son started wasting his money in casinos, he has no gambling experiences and lessons and he kept losing money until he got into a big debt.

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Quote from: nakamura12 on October 15, 2022, 04:23:40 AM

Quote from: ethereumhunter on October 15, 2022, 03:50:44 AM

Maybe kids won't get involved in gambling at a young age but who knows if their kids learn about gambling from their friends? Nowadays, with the advancement of technology, children playing with their friends will easily access any site and use it for their benefit. Even parents will not know what they do when they use the internet. But if parents can provide direction and explanation that gambling is not good and provide concrete examples of the consequences, I think their children will think that gambling is not good for them. They will even invite their friends not to approach gambling because of the consequences of gambling.

That's true and even in other matter that is not gambling is also know from their friends. That's my point here that even if they know about it from their friends is that parents should explain the advantages and disadvantages of gambling and which of these two are most or commonly happen to gamblers which my side is on disadvantage rather than advantage as you have known casino always win.

The important thing is that if a child asks their parents, they can explain in detail why they should not approach gambling at all. But usually, parents only explain the outline without explaining it in detail, making their children look for information from other people that is not even necessarily true. It's hard to keep children from all these things because they can look for them from other places. This is where the role of parents is needed so that their children do not go the wrong way.

serjent05

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Quote from: noormcs5 on October 15, 2022, 05:42:56 PM

Quote from: BitcoinAccepted on October 15, 2022, 05:08:46 PM

It is a much discussed topic and probably also quite a big and social problem in society today. More and more children are gambling and how do you deal with this as a parent? There are also many children who know how to keep this well hidden.

Well, nothing remains hidden from the parents. Kids and children think that they are gambling hiddenly from parents and they don't know it.
Well actually this is not the case. Parents are aware of every activity of their child. Its just that they ignore this fact that they know everything ad the children thinks that his / her parents aren't aware of their activities.

No, everything is hidden from the parents until the parents ask their children about things and their children tells the truth. Parents is just a human being, they never know until they discover it or someone told them about it. So this means, parents should be observant of their kids. Parents must be sensitive to the behavior change of their kids and inquire and ask their kids if there is some problem. Through inquiries, observation and openness of the kids, parents can know everything about their kids.

Quote from: noormcs5 on October 15, 2022, 05:42:56 PM

Quote from: BitcoinAccepted on October 15, 2022, 05:08:46 PM

And at what point do we still speak of children? Someone who is 50 and has a son who is 30 who gambles is officially also a child. But that is different from a minor child who is already addicted to gambling. The only positive thing about underage gambling is that sites do not allow you to create an account if you are underage, you could still play with bitcoins. But otherwise you can only gamble reasonably innocently until the age of 18. Then you are talking about poker with your friends for fun for example.

Well the formula is simple. If you are gambling is a parent, do expect that your chidden will be gambling too and you will not be able to stop them.

I agree, kids mimic what their parents do since kids believe that it is normal to do such things because their parents are doing it.

Quote from: noormcs5 on October 15, 2022, 05:42:56 PM

If you want that your children do not gamble, you need to lead by example and quit gambling first. Only then you will be able to convince your kids that gambling is not good for them.

Or hide your gambling activity from your children. Other parents do things and explain to their kids why they need not do those things. Proper communication is the key and being sincere as parents can make their kids agree to what the parents are advising. But of course, leading by example is the best option to make your kids listen to whatever a parent say.

noormcs5

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Quote from: BitcoinAccepted on October 15, 2022, 05:08:46 PM

It is a much discussed topic and probably also quite a big and social problem in society today. More and more children are gambling and how do you deal with this as a parent? There are also many children who know how to keep this well hidden.

Well, nothing remains hidden from the parents. Kids and children think that they are gambling hiddenly from parents and they don't know it.
Well actually this is not the case. Parents are aware of every activity of their child. Its just that they ignore this fact that they know everything ad the children thinks that his / her parents aren't aware of their activities.

Quote from: BitcoinAccepted on October 15, 2022, 05:08:46 PM

And at what point do we still speak of children? Someone who is 50 and has a son who is 30 who gambles is officially also a child. But that is different from a minor child who is already addicted to gambling. The only positive thing about underage gambling is that sites do not allow you to create an account if you are underage, you could still play with bitcoins. But otherwise you can only gamble reasonably innocently until the age of 18. Then you are talking about poker with your friends for fun for example.

Well the formula is simple. If you are gambling is a parent, do expect that your chidden will be gambling too and you will not be able to stop them.
If you want that your children do not gamble, you need to lead by example and quit gambling first. Only then you will be able to convince your kids that gambling is not good for them.

erep

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Quote from: Dunamisx on October 15, 2022, 05:04:04 PM

Environment we lived in also contributed to that of the children having access to gambling, age is very important in gambling because at a certain point, a child could not be able to control himself or manage the money for gambling and the more they begin to look for every possible means to get money for gambling including stealing it, anything adolescent should be off the gambling zone and remain limited to playing ordinary games.

Although every country has different regulations for limiting the age of gambling, but I agree that teenagers should be out of the gambling zone because they have no income to gamble and they only get pocket money from their parents for their daily needs, so they gamble then it's the same as training them to commit the crime of theft and extortion to other teenagers, so the age factor is very important to enter the gambling zone because adults have a broad mindset to consider any decision including understanding the important things to overcome the disadvantages of gambling.

Quidat

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Quote from: bocyaj on October 15, 2022, 03:24:33 PM

I had teach my son some gambling games at his age of 19.From that,he had played huge games.For a period of 6 months,I had monitored his game.Every game I had an habit of giving him some ideas.Now he had huge knowledge in gambling and play on his own now.Only negative things on his play is he bet entire big profit in to 10 small bets.Then he may force to recover only 60 percentage of the bet amount.One day he may win his own way of gambling.

Dont know if this one is right or not but pursuing profits on gambling is never been a good idea,specially when you do chase up losses or minding about breaking even.
You should really be that responsible when it comes on good handling and control of your childrens gambling activity and not to motivate them about their
losses should really break even but for the sake of entertainment then its never been bad to make up considerations on playing as long
you do have the control and with your children then i dont see any issues.

BitcoinAccepted

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It is a much discussed topic and probably also quite a big and social problem in society today. More and more children are gambling and how do you deal with this as a parent? There are also many children who know how to keep this well hidden. And at what point do we still speak of children? Someone who is 50 and has a son who is 30 who gambles is officially also a child. But that is different from a minor child who is already addicted to gambling. The only positive thing about underage gambling is that sites do not allow you to create an account if you are underage, you could still play with bitcoins. But otherwise you can only gamble reasonably innocently until the age of 18. Then you are talking about poker with your friends for fun for example.

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Quote from: EarnOnVictor on October 15, 2022, 03:47:31 AM

Gambling has to be known, or else the person will regret playing it anyhow. The issue with many gamblers is that games and casinos are easily accessible, so they can just approach it online and offline to take their bets without being fully informed. This works at times, but hurts most times, to the point that many would be addicted and continue to risk senselessly.

Of course what you don't know will cost you, if they gamble without having full knowledge to how its been done then they will only be making a financial contributions they will never collect back to the casinos, the only joy that a gambler get as reward is when he wins and not when he's loosing even though some never put the two into serious account, but i still understand the need to derive pleasure in gambling but at wish.

Quote from: EarnOnVictor on October 15, 2022, 03:47:31 AM

But if they had been well informed, they might have known the risk attached to it before gambling and be cautious enough to gamble responsibly and never cross the negative line. And as for children, it is good to let them discover it by themselves but guide them if they are only of legal age.

Environment we lived in also contributed to that of the children having access to gambling, age is very important in gambling because at a certain point, a child could not be able to control himself or manage the money for gambling and the more they begin to look for every possible means to get money for gambling including stealing it, anything adolescent should be off the gambling zone and remain limited to playing ordinary games.

bocyaj

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I had teach my son some gambling games at his age of 19.From that,he had played huge games.For a period of 6 months,I had monitored his game.Every game I had an habit of giving him some ideas.Now he had huge knowledge in gambling and play on his own now.Only negative things on his play is he bet entire big profit in to 10 small bets.Then he may force to recover only 60 percentage of the bet amount.One day he may win his own way of gambling.

Franctoshi

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For me I wouldn't want my son to get involved with gambling as under age or know that I'm a gambler still as a child or under age, would do everything possible to keep that away from him until except if he discovered it by himself or he getst to know that when he's of age, or maybe he found himself into gambling through friends , in this case, I will let him know things or risk involved with gambling and a proper age for one to get involved with gambling. Because sometimes the problem with most parents is that they don't educate their children on this kind of things and when they get to know it theirselves they mess up anyhow.

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Quote from: Blawpaw on October 15, 2022, 11:38:55 AM

Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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....

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..

"The apple doesn't fall far from the tree", is what immediately comes to my mind.

Indeed, you are absolutely correct with this proverb.. But it's not limited to apples alone by the way, oranges, mangoes, limes and lemons etc all do not fall far from their trees 😅.

Quote

When a 19-year boy is capable of ruining $50k in a casino in just one night, he basically either doesn't know the cost of that kind of money, or he has an addiction.

Clearly, the young lad doesn't know the real value of such an amount of money, he doesn't have the slightest idea what people go through the earn money, and I do not blame him, the father clearly failed in his duties as a father, and from this story, I got to understand why most children from rich homes end up living extravagant and arrogant lives, spending what they can't ordinarily afford without even knowing it.
I hope parents, especially the rich ones, will learn to give their children special attention and teach them all they need to know about money before releasing them to the world.

Blawpaw

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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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....

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..

"The apple doesn't fall far from the tree", is what immediately comes to my mind. When a 19-year boy is capable of ruining $50k in a casino in just one night, he basically either doesn't know the cost of that kind of money, or he has an addiction. Judging by his father, who is clearly a gambling addict, the boy never had the chance to learn about financial management as well as moral values and is clueless about how money is so hard to earn. By the looks of it Michael probably never took some time with his son to teach him that money is hard to earn when you are not a famous player...

Shamm

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Basically, all of us here in our forum we don't let our children engaged in gambling while they are in young age, it because we all know that gambling can not take them always in victory, and also winning in gambling is not always or its unpredictable so we can not assure that they can make profit and that's the reason why most of us here in forum won't let our children engaged in gambling in their young age.

Fortify

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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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....

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?

It seems fair that Michael Jordan can do whatever he wants with the money he has earned and accrued over his career. He is one of the richest athletes to have ever lived and put a lot of his money very sensibly into long term investments. If he wants to let loose on one night and play high roller games that are comparable with his earning abilities, then good luck to him. If he is wise then this might just amount to a few months worth of income from his other investments and he probably made a sizable amount of his spending back. His son however has likely done little to earn money so far and it could be a very dangerous thing to lavish such reckless spending money on him.

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Quote from: ethereumhunter on October 15, 2022, 03:50:44 AM

Maybe kids won't get involved in gambling at a young age but who knows if their kids learn about gambling from their friends? Nowadays, with the advancement of technology, children playing with their friends will easily access any site and use it for their benefit. Even parents will not know what they do when they use the internet. But if parents can provide direction and explanation that gambling is not good and provide concrete examples of the consequences, I think their children will think that gambling is not good for them. They will even invite their friends not to approach gambling because of the consequences of gambling.

That's true and even in other matter that is not gambling is also know from their friends. That's my point here that even if they know about it from their friends is that parents should explain the advantages and disadvantages of gambling and which of these two are most or commonly happen to gamblers which my side is on disadvantage rather than advantage as you have known casino always win.

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Quote from: nakamura12 on October 15, 2022, 01:01:57 AM

For me, I don't my kids engaged into gambling at a young age but it doesn't mean I won't expose gambling which it's purpose is to teach them about gambling and reasons why it is not good to gamble. If you don't guide someone and teach them rhe knowledge you have about gambling and what it can cause. I am like that when my parents told me gambling is not good that's why I only gamble very small amount and you can't even see difference if gamble or not nis because I only gamble very seldom. This story should be shared

Maybe kids won't get involved in gambling at a young age but who knows if their kids learn about gambling from their friends? Nowadays, with the advancement of technology, children playing with their friends will easily access any site and use it for their benefit. Even parents will not know what they do when they use the internet. But if parents can provide direction and explanation that gambling is not good and provide concrete examples of the consequences, I think their children will think that gambling is not good for them. They will even invite their friends not to approach gambling because of the consequences of gambling.

Topic: Parents And Their Children In Gambling.. - page 11. (Read 9113 times)