Why is underage gambling illegal.
By - re_nub
Most kids are dumb and could be easily preyed upon by gambling establishments.
they have a chance of losing all that money too
Because children can’t own things, including money. So they aren’t able to place bets since they can’t own money. They also can’t be liable for debts since they can’t enter into contracts / agreements.
Young adults are REALLY bad at self-control. Allowing them to gamble would make them easy pickings for gambling establishments.
Would it be any different than young adults/ teens going into 7/11 and blowing 20 dollars on junk food?
At least they get the value of their money out of the junk food, gambling it would end in a net loss most of the time.
Gambling can involve hundreds or even thousands of dollars. And at least with buying junk food, you're still getting something for your money.
Also, gambling games are designed to manipulate you into playing more than you intend and to trigger impulsive actions.
Legal gambling in the US isn't fair, and most kids don't understand that.
If you were to bet on sports, you could bet an equal amount on each team. You would lose money instead of breaking even.
If you were to bet on Roulette, and bet equal amounts on Red and Black, you would lose money over a number of spins.
If you were to bet on Blackjack, the house odds are stacked against you, and you'll lose over time - unless you are a card counter, in which case, they'll throw you out.
If you bought every possible combination of lottery tickets, for a typical game you would lose more than half your money.
If someone isn't taking a portion of every bet, to pay salaries and taxes with, then that gambling isn't legal. (Or donating a portion of the money to a licensed charity)
Plus, cheating at any one of those games is a crime. We don't want children to face consequences like jail time for making mistakes.
Gambling is not a way to make money. It is expensive entertainment, that dangles the "chance to make money" in front of people who (should) know that the odds are stacked against them. They need to be able to afford to lose it all, and adult enough to make that choice.
I though most people knew the house takes a portion
Not everyone. And some people don't realize how much the house takes. For a sports book operation, that can be as much as 15-20%. For a state lottery, that can be 55% or more. For a "church bingo" it can be more than 60%.
For casino games, the house portion is lower, but the large prizes are paid for by the thousands (or millions) of losers behind you.
1. There's a limit to how much you can spend on junk food. At some point, you get full and can't eat any more. There's no limit to how much you can lose at gambling.
2. Gambling is a *lot* more addictive than food. In fact, "food addiction" is widely contested as not even being an addiction at all. The alternative theory is that people eat food compulsively as a *symptom* of anxiety, depression, or other mental health or brain issues.
3. There are a lot of social conventions around consumer spending. If you spend all your money on caviar and gold-plated desserts, people look at you weird. Your friends won't go to the restaurant because they can't afford it. Our society isn't set up to allow you to comfortably spend that much on food. Gambling has very few social conventions to prevent people from losing a lot at it. Why? Casinos and lottery companies have worked hard to *remove* those barriers. In other words, restaurants as a business are set up to get regular customers from a specific income bracket. Casinos are set up as a business to get everyone from all walks of life to dump their life savings as quickly as possible.
4. Teenagers are used to the feeling of tasty food. There isn't too much "new" for them to explore, just maybe certain foods they haven't tried yet. Gambling is a very new feeling for most teenagers. It's incredibly exciting the first time you win money. Most young brains can't resist that the way they can resist, say, a third tub of Ben and Jerry's.
5. If you eat too much junk food, it has visible consequences: you gain wait and become less healthy. Most people don't like the feeling of this, and their friends and family will notice. Losing your money to gambling (or even going deep into debt) can be totally invisible.
Under developed brains can't fully comprehend the longterm consequences of certain actions, meaning they can't give consent to actions that may negatively affect them long into the future. This includes gambling. Also, under developed brains are more prone to addiction
People under the age of 18 in the US cannot legally be held to terms of a contract.
Meaning, if they go into a casino and lose $100, they can legally get that money back through the courts... So the casinos don't want them gambling there.
Gambling can get addictive and kids don't usually really know the value of money.
Hell, in many places even adult gambling is banned.
Gambling is addictive. Most gambling is rigged so you have no real chance of winning anything. At least if you spend it on food, you get food and not financial problems from wanting to gamble more. It's also harder to keep track of the value of money when gambling. 50 dollars of fastfood will have you go like "damn I'm gonna be sick for at least a week". 50 dollars of gambling just disappears in 5 minutes and you'll want more immediately.