This is a hard lesson to learn for this young man.

According to The Daily Record, the young man, who remains unidentified, lost over 106,000 dollars gambling on sporting events in England. What's more worrying is that he stole from his father's business to do the betting. He first simply took photos of business card his father had, made an account on site with all his dad's info, and began betting.

His gambling started out small, but eventually grew to a point where his huge gambles led to huge losses. And then his father found out, which complicated things even further. As his father is the head of the business, he unfortunately had to lay off some employees to compensate for the losses brought to his company by his son.

As of right now, the child is seeking treatment for his addiction.