Not just education alone, we need to sit them down once in a while and advise them of life's activity be it good or bad, we must let them know what it is. Because If such children finds out about gambling on their own when they haven't reached the required age for gambling, they'll definitely keep it away from you. And doing that is dangerous because it might lead to addiction at a tender age. So there are time were we must show fatherly love by bringing them closers to ourselves and make them trust us by giving them concrete advise in a soft tune and mood, for better understanding.
Yes, they need to be educated and advised about good and bad. Monitoring them must be carried out continuously because today's times are different from several years ago. At least we can explain to them why they shouldn't gamble and tell them the impact if they are already familiar with gambling. They can steal again to be able to have money to use for gambling and that is not good for their age because it can carry over into adulthood. They still have many useful activities and there is no need to approach gambling even after they grow up because we have shown the bad effects it can have on them. They also don't mind if they don't gamble because they can do other activities that can positively impact their lives.
Perhaps, it was the responsibility of the (good) parents to correct mistakes committed by their kids and guide them to the right path. Tolerating their wrongdoings is just like allowing them to do it again (and again) until it reaches the point that they can no longer be changed. While at their early stage, they will know what is wrong and what is right. And the things it exchanges when they commit the wrong one.
Punishment is not a wrong way of disciplining our kids instead, I consider this an effective way to correct and educate someone IMO.
Yes, I agree that parents must punish their children who have made mistakes to show they are wrong and correct what is not right. That's so they can know what's good and bad so they don't repeat it. As parents, we also need to give them responsibility and teaching them about managing their finances is recommended so they can use the money we give them well. We also need to pay attention to them even though we are busy working so they can see that we care about them and don't want to make them feel alone.
By always supervising what they do and advising them, they can know what they can and cannot do, especially for their age. They can also learn a lot from their parents so that they have something that can keep them from making mistakes. And making mistakes is normal but they also have to know how to correct them.