I took my daughter and the boys out the other day and we ended up at Tom’s World, one of those play center places.
On the drive there I was asking my daughter about her Chinese New Year, hong baos and gambling. Traditionally, they they have a little throwing of the dice and majong after they hand out the hong baos. She lost a little money. I asked her what she thought of the gambling and she said it was fun.
Then before we went into Tom’s World I gave her 100NT and said once it is gone don’t bother asking me for anymore 'cause I’m broke. She converted the 100 into tokens and then gave me two tokens for the boys to have a ride. They’re only two so they don’t really need the rides to be moving to enjoy them so that was fine. After about 10 minutes she had soon blown her 8 tokens, and came back. She didn’t ask for anymore money, but explained there was one game where you could win tokens. Because she didn’t ask for more money I gave her another hundred and said make sure you share it with the boys. She was gone only about three minutes and returned ready to leave. I asked her about the token’s for the boys but she’d already lost it all trying to win more tokens.
At first she wasn’t prepared to face the truth that she’d gambled it all away without sharing with the boys, by saying she’d already given them some tokens. Under scrutiny she soon broke down and revealed she’d lost it throwing good money after bad. The water works soon started.
I told her she was lucky as many people go their whole lives without learning that lesson, but she got to learn it when she was so young.
On reflection, I realized there was something wrong with my analysis or at least more too it. In the end, I didn’t think she was wrong, just wrong headed.