fixed odds betting terminals £2 stake only

[michael21]

fixed odds betting terminals £2 stake only

This need to happen fast I am now on the case

Mp need to make the anncment soon :cheer2:

[user104658]

Will make zero difference, no one plays casino (roulette / blackjack) any more, 99% of the cash in the FOBT's comes from £1 / £2 spin B2 slots which will be unaffected by a £2 max stake.

Smoke and mirrors.

[michael21]

Will make zero difference, no one plays casino (roulette / blackjack) any more, 99% of the cash in the FOBT's comes from £1 / £2 spin B2 slots which will be unaffected by a £2 max stake.

Smoke and mirrors.

Who bet just £2 :conf:

[user104658]

Who bet just £2 :conf:

£2 per spin on slots, a spin takes a couple of seconds, I've seen people lose £500+ in a couple of hours.

Though since you ask; NO ONE would bet £2 on casino games like roulette or blackjack, so if a max £2 stake is implemented those games will die, and a large percentage of casino FOBT players will switch to £2 slots. Slots have a significantly higher profit margin than roulette or especially blackjack.

£2 slots are 100% the product that is being pushed currently. They are the most profitable, by far, or in other words, they are what people are losing money on... and they will be unaffected by legislation. They are also designed around the pavlovian response (flashing lights, lots of sounds, quick spin time, small risk, small reward, repeated very frequently) which means they are waaay more addictive than Casino.

Roulette was a big deal... 5 years ago... it just isn't any more. Useless legislation.

[michael21]

It in bookie by the way

[user104658]

It in bookie by the way

I know, I manage one, I know those damned machines inside out :joker:. Off the top of my head, the shop has approx. 1.2million / year turnover on FOBT's, and the huge majority of it is £2 max stakes slots (category B3 games) which will not be affected by the proposed legislation. The crackdown on B2 games with large stakes is designed to appease campaigners, whilst not actally helping problem gamblers, or affecting the profitability of FOBT gaming machines.

As for "why" that is? The government makes several billion £££ in tax revenue from them every year. They absolutely don't want people to stop using them. By eliminating high stakes, they can seem to be doing the right thing whilst, in fact, doing absolutely nothing.

[Beso]

Ten pound fortune spins can either make or break you...online slots are the best though, easier to win on.

[michael21]

http://www.bbc.co.uk/news/business-43996052

This has both side

[thesheriff443]

Those machines are like crack cocain.

[waterhog]

have you ever tried rolling one :joker:

[michael21]

Now i am on the case the bookies are worried

https://news.sky.com/story/fobt-reforms-will-trigger-william-hill-bid-bosses-warn-11372828

[michael21]

https://news.sky.com/story/betfred-to-axe-4500-jobs-if-ministers-slash-fobt-stakes-11373967

Poor bookies :laugh::cheer2::dance:

[michael21]

The Government is expected to confirm this week that it will impose a £2 maximum stake on FOBTs - down from £100 now, and well below the £30 recommended for consideration by the Gambling Commission.


:laugh::cheer2::dance:

[michael21]

https://news.sky.com/story/maximum-stake-on-fobts-to-be-cut-to-2-11375598

I said it would happen some bookies will close

But the mp has not given a timetable on when this will happen :fist:

[user104658]

https://news.sky.com/story/maximum-stake-on-fobts-to-be-cut-to-2-11375598

I said it would happen some bookies will close

But the mp has not given a timetable on when this will happen :fist:

2020 at the earliest I would imagine, by which point I'll be out of the game anyway :joker:. It's a complicated one really; it barely affects my shop at all (for reasons described above, plus we're a large profit-making shop OTC [over-the-counter] and not dependant on gaming machines to stay in profit. However, it will affect the upper level company line in ways that mean "machine shops" (shops that barely take anything OTC and depend on high staking machine customers) are likely to close, since most bookmakers changed their shop policy to "profit driven" over "brand awareness" a few years back (shops used to stay open at a loss for the sake of presence and brand loyalty).

The REALLY ironic thing about all of this, is that the FOBT addicts will simply move online, and the bookmakers will refocus (even further) online... and that is EXACTLY where the major addiction problems have been for the last few years! Forget about losing £100 a spin on the highstreet; you can do it on your phone from your bed at 2am. But people don't see it happening there so they're not focussed on it. An invisible addiction in your pocket.

[michael21]

2020 at the earliest I would imagine, by which point I'll be out of the game anyway :joker:. It's a complicated one really; it barely affects my shop at all (for reasons described above, plus we're a large profit-making shop OTC [over-the-counter] and not dependant on gaming machines to stay in profit. However, it will affect the upper level company line in ways that mean "machine shops" (shops that barely take anything OTC and depend on high staking machine customers) are likely to close, since most bookmakers changed their shop policy to "profit driven" over "brand awareness" a few years back (shops used to stay open at a loss for the sake of presence and brand loyalty).

The REALLY ironic thing about all of this, is that the FOBT addicts will simply move online, and the bookmakers will refocus (even further) online... and that is EXACTLY where the major addiction problems have been for the last few years! Forget about losing £100 a spin on the highstreet; you can do it on your phone from your bed at 2am. But people don't see it happening there so they're not focussed on it. An invisible addiction in your pocket.


You are right about online people can bet 24/7 with out going any where

So you think this rule we come in to forces in 2020 you might be right but my guess is 2050

Mps take to long to do anything

[Marsh.]

I thought the industry were given 12 months after the decision to implement the changes?

So, this time next year?

[user104658]

I thought the industry were given 12 months after the decision to implement the changes?

So, this time next year?Other times when regulations changes have come in, they usually initially say one year and then end up granting extensions along the way. It definitely won't be 2050 but I'd still say early 2020 personally.

[michael21]

Other times when regulations changes have come in, they usually initially say one year and then end up granting extensions along the way. It definitely won't be 2050 but I'd still say early 2020 personally.

Getting mps to do any thing is like when carmella cash in her money in the bank the ref is the mp and carmella is me trying to get the mp to make this Chages

a8-ix-HnkTk

[Barry.]

No RileyH remarks yet?

[RileyH]

Getting mps to do any thing is like when carmella cash in her money in the bank the ref is the mp and carmella is me trying to get the mp to make this Chages

a8-ix-HnkTk

Ugh queen :love:

[RileyH]

No RileyH remarks yet?

I've changed

https://78.media.tumblr.com/d1328218a87cadac7f2ffd553786fb6a/tumblr_ovm8d3pdok1w1jp7do1_500.gif

[user104658]

Getting mps to do any thing is like when carmella cash in her money in the bank the ref is the mp and carmella is me trying to get the mp to make this Chages

a8-ix-HnkTkLatest I've heard is 12m so late may 2019. Though I still reckon there'll be a 6 month extension.

[michael21]

Latest I've heard is 12m so late may 2019. Though I still reckon there'll be a 6 month extension.

Thanks for the inside info :cheer2:

[Barry.]

I've changed

https://78.media.tumblr.com/d1328218a87cadac7f2ffd553786fb6a/tumblr_ovm8d3pdok1w1jp7do1_500.gif

Don’t change.

[michael21]

Don’t change.

Are you using my thread to pick up girls :fist:

[michael21]

https://news.sky.com/story/government-to-accelerate-crackdown-on-fixed-odds-betting-terminals-in-face-of-rebellion-11554041

This is good news now I have an online coral account only all the bookie can start closing down :dance::cheer2:

[user104658]

https://news.sky.com/story/government-to-accelerate-crackdown-on-fixed-odds-betting-terminals-in-face-of-rebellion-11554041

This is good news now I have an online coral account only all the bookie can start closing down :dance::cheer2:Again there's so much misunderstanding and misinformation in that article... The people pushing for this quite evidently don't understand the problem they're tryi g to tackle :facepalm:.

I'm not saying that from the perspective of defending bookies; in fact I think the machines do immeasurable harm and are highly additive.

I'm saying that there is a group of people patting themselves on the back for solving a problem that they have not solved because they are imagining people doing £2 roulette spins. There is a reason for the "new" £2 limit. That reason is that SLOTS ALREADY HAVE A £2 LIMIT that will be unaffected by the new max spin stake,and customers have already moved from roulette to slots. Since the stakes cut was announced, they have been encouraged and incentivised to do so at an increased rate.

Slots are more addictive than roulette.

People spend LONGER playing slots than roulette (I have seen people entranced for 5+ hours).

I've seen people straddle two or three machines at once spinning slots.

Slots are toxic and the problem hasn't been fixed. In fact, the heavy push to get people away from casino games may have inadvertently pushed them towards the FAR MORE ADDICTIVE slots.

Mess.

Sorry guys these things aren't going anywhere. Not until I get my PhD and tackle the problem properly :hee:.

[michael21]

Again there's so much misunderstanding and misinformation in that article... The people pushing for this quite evidently don't understand the problem they're tryi g to tackle :facepalm:.

I'm not saying that from the perspective of defending bookies; in fact I think the machines do immeasurable harm and are highly additive.

I'm saying that there is a group of people patting themselves on the back for solving a problem that they have not solved because they are imagining people doing £2 roulette spins. There is a reason for the "new" £2 limit. That reason is that SLOTS ALREADY HAVE A £2 LIMIT that will be unaffected by the new max spin stake,and customers have already moved from roulette to slots. Since the stakes cut was announced, they have been encouraged and incentivised to do so at an increased rate.

Slots are more addictive than roulette.

People spend LONGER playing slots than roulette (I have seen people entranced for 5+ hours).

I've seen people straddle two or three machines at once spinning slots.

Slots are toxic and the problem hasn't been fixed. In fact, the heavy push to get people away from casino games may have
pushed them towards the FAR MORE ADDICTIVE slots.

Mess.

Sorry guys these things aren't going anywhere. Not until I get my PhD and tackle the problem properly :hee:.

Very interesting

Cant wait till April :hee: