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#1
11-23-2005, 04:06 PM
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Re: What to do with a Child who plays SNG\'s?
[ QUOTE ]
[ QUOTE ] Tell him that his bankroll has grown enough that he can now play a new game called the "college savings account" in which his money makes itself. After this give him his initial 100 back and keep him playing at a small level as you obviously have no qualms about him gambling in the first place. Perhaps this is where you want to instill some bankroll management skills that could actually become helpful later in life when he realizes you cant retire on pocket aces. [/ QUOTE ] I agree with this, a nine year old has no need for 1100 dollars. Take the thousand and put it away for college and keep playing with the orginal hundred. And, if the kid has a major problem with that, you will know that there's a problem developing, so you can put a stop to it. [/ QUOTE ] I don't know about putting ALL of it away for college... I could certainly see putting half of it towards college though. 
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#2
11-23-2005, 04:01 PM
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Re: What to do with a Child who plays SNG\'s?
I think it is ok provided that:
a) You know the password to the account and he doesn't. b) You sit behind him when he plays and talk to him, trying to teach him about risk/reward, probability. I think a nine year old can grasp these things. c) You block the chat if possible. But if you treat it as a babysitter, I think it is a horrible idea.
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#3
11-23-2005, 04:14 PM
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Re: What to do with a Child who plays SNG\'s?
you should teach him pot odds for his 10th birthday
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#4
11-23-2005, 04:23 PM
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Re: What to do with a Child who plays SNG\'s?
[ QUOTE ]
you should teach him pot odds for his 10th birthday [/ QUOTE ]
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#5
11-23-2005, 04:16 PM
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Re: What to do with a Child who plays SNG\'s?
While I think the college savings idea is a good one, the bigger issue is whether a 9 year old should be playing this much poker, or if he should be playing any at all.
I didn't play with any frequency until my freshman year of college, and my parents were still concerned about it then. Basically, you and your wife know your kid better than anyone. Make sure he has other interests and this isn't cutting into school/social/athletic/other interests. If you feel that it is then be willing to step in. I'd recommend setting limits on how much to play each week. You don't even need to tell him, just if he's playing a lot come up with something else to do. As he gets older, you can loosen up the restrictions a little more. I think your wife's concerns are valid though, I've seen people much older than that get carried away with this stuff. I'll mention that I'm only about ten years older than your son and (hopefully) far away from the parenting world. However, having been that age fairly recently it's my two cents. -SonnyJay
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#6
11-23-2005, 04:19 PM
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Re: What to do with a Child who plays SNG\'s?
Hearing a story like this convinces me to teach my 15 year old brother how to play. I will start over thanksgiving break and have him being a winning player over xmas break.
As far as your son in concerned, I think you should be proud because he is clearly smarter than a lot of people in this world and will do well in almost anything he would put his mind to it seems. I think with teaching him now he gains a lot of potential not just in poker just by the mere fact he is "learning." Which is why I would think you should continue how you are doing it.
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#7
11-23-2005, 04:26 PM
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Re: What to do with a Child who plays SNG\'s?
You sound like a reasonable parent.
I think taking $1000 out of his $1100 is just plain meaningless. He'll be devastated. Teach him the importance of saving, and let ("persuade") him to make the decision to save x% of his earnings for a college fund.
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#8
11-23-2005, 04:39 PM
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Re: What to do with a Child who plays SNG\'s?
[ QUOTE ]
I think taking $1000 out of his $1100 is just plain meaningless. He'll be devastated. [/ QUOTE ] He wont be devistated. He will still be doing something he obviously considers fun with his dad (EV+ than 1000 cashmoney) PLUS the money that is actually in the bank and working for him while he makes MORE money playing quality poker. I'm also assuming he is literate? Perhaps getting a book like TPFAP or HOH and reading them together could be EV+ for the both of you. I realize that he is making good money at this already, but try to emphasise the positives of poker (i.e cognitive thinking, math skills, money mangement, and pure logic). I personally don't see why you woldn't want to invest some of that money(1000) into a kid that will most defiately pay off in the high I.Q market.
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