Endorsed by Gambling911

Son Loses Dad’s $1.5 Million Through Online Gambling

Written by:

Alistair Prescott

Published on:

Apr/27/2010

A father in China gave his son $1.5 million to have his relationship with his son severed after finding out the son was an online gambler.

Within days, the son lost all of his money through betting over the Internet.

The People Daily reported:

The 36-year-old son, surnamed Lin, went with a friend, Shao, in April 2009 to gamble in Macao, where he saw his friend win 150,000 yuan within half an hour from the original amount of 50,000 yuan.

Lin went back to his family, demanded more money, and appears to have had some type of nervous breakdown.

Lin's friend, surnamed Shao, allegedly helped fuel his gambling addiction and was ultimately arrested after he was shown to be the head of a gambling group which had illegally earned more than 10 million yuan by organizing online gambling.

Online gambling is illegal in China.

Alistair Prescott, Gambling911.com

Gambling News

New Jersey Sports Betting, Online Casino Tax Rate Could Jump From 13 Percent to 25 Percent

Operators claim the tax hike could translate into lower odds for gamblers. This typically means reduced promo offers and less competitive odds.

Bud Black Firing Pays Out $200 for Every $100 Bet as Rockies Show Manager the Door Sunday

Bud Black was fired on Sunday by the Colorado Rockies. Betonline paid out $200 for every $100 bet for Black to be the next Major League Baseball manager fired.

How Bookies Settle Up With Customers: Why Tuesday

In the world of bookmaking, one often hears the term “settling up with customers”. What exactly does this mean for the bookie?

No Indication That Sports Betting Has Played Role in Lance McCullers Jr Family Death Threats

Over the course of the last year or two we've read reports of athletes being taunted online, and even during games, for failing to meet established performance numbers set by oddsmakers.

Is the Double Up Game Profitable in the Long Run?

The Double Up feature is one of the most tempting elements in many slot and card-based gambling games. After securing a win, players are given a chance to multiply their earnings with a single decision—usually involving a simple risk, like guessing the color of a hidden card.