Gambling for Kids

by Jerry "Jet" Whittaker

December 11, 2006

Gambling for Kids

As a result of the rapid modernization of the society and numerous developments made in the field of science and technology, the kids of today’s generation are getting a wide exposure of all the benefits and advantages. These advantages and benefits sometimes prove to be hazardous not only to the kids but also to their parents. A very common bad effect of the growth of technology is the attraction of kids towards the world of gambling. According to a research done recently by the National Research Council not only do most adolescents gamble, but also that they've gambled recently. The most popular type of gambling that has attracted the kids tremendously are card games and sports betting. However the parents of today’s date are increasingly concerned about their kids gambling over the Internet.

Some of the facts and risks associated with gambling by kids

It has been observed recently that some of the game operators are operating from servers from outside of U.S and beyond the jurisdiction of the state or federal regulations about the hours of operation, the age of participants and also the type of games offered. The kids are finding it easier to access online gambling sites just because they have a very easy access to credit and debit cards. A few risks associated with kids gambling online as well as physically are as follows:    

·         One can easily lose quite a lot of money because of the simple fact that the online as well as physical gambling operators are in the business only to make profit. They will definitely take in more money then they pay out.

·         In case of kids gambling online there is huge risk of running a good credit rating because gambling online requires the use of credit card. Thus if the kids by any chance rack up debt online, then this will definitely would ruin either there own credit rating or their parent’s in case they are using their parent’s credit card.

·         Gambling for kids can prove to be addictive many a times just because gambling is a solitary activity where one can gamble uninterrupted and undetected for hours at a time.

·         Gambling is stated as illegal for kids and there is a strict prohibition by the state on gambling by minors. This is the only reason why the gambling operators don’t pay out to kids and o to great lengths to verify the identity of any of the winner.

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