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    Home»Investment»I’m Teaching My Kids to Gamble — The Barefoot Investor
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    I’m Teaching My Kids to Gamble — The Barefoot Investor

    By Staff WriterMay 1, 20252 Mins Read
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    Hi Scott, 

    Have you ever been to one of those arcades for kids where you tap your card, play giant-sized games and then get points in exchange for a very ordinary plastic prize at the end? They are outrageously popular. But, with the loud music, flashing lights and constant ‘ka-ching’ noise, I feel like they are just glamorised pokie machines for kids. I’m not going to lie, though, we’ve been and it’s fun!

    Jessica

    Hi Jessica,

    I have four children so, yes, I have been to Crimezone many times.

    Years ago their arcades were a drawcard, but in this era of Fortnite and World of Warcraft they’re the gaming equivalent of a flip phone.

    Now you’re spot on — it’s basically a casino for kids now. 

    But, instead of stumbling out broke with a hangover, parents walk out broke with a plastic whistle and a kid bouncing off the walls on a sugar high. That’s because the games look and sound — and have terrible odds — just like the pokie machines. 

    And in that way they are not only teaching kids how to gamble — just like a casino, they’re coating it in a veneer of fun. But losing money isn’t fun. And that’s why the last time we went we bypassed slap trap alley and instead played ten-pin bowling, with the guard rails up!

    (Timezone executives: please send your correspondence to [email protected])

    Scott

    View original article here

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