FOBTS Stake Reduction

[goatwack]

Pachinko Roulette, coming to a bookies near YOU!

 

[cncas2123]

Just pop across to Belfast and blow your dough as it ain’t going to apply here as Stormont is full of people who don’t want to govern.....

 

[aceking123]

For colin you do not a card or tracking to play upto £50 spin .you can just do it max money in one spin win is capped at £500. You can use logged card to play £100 per spin. You can also do this over the counter without any cards & you can still do £100 quid spins.
That's why they've been getting out if control.

 

[Deeplay]

No, to be honest I think the more rules the better, and imo i think £2 is still pretty high as we all know you can still lose a lot of money on that particular bet size.

Also I'm pro in regards to more rules for remote gaming operators, actually from any regulator.

The news related to increase in remote gaming duty, I didnt like

I think its meant to curb these mad bets you can do say 50 quid power spins for 5 spins, where you can only ever win a max of £500 , tons of videos of this on YT and the roulette of course, again all capped at a max win of £500 - thats what stopped me from playing them, the odds are terrible. But yeah you can still loose your shirt at 2 quid a spin as I can attest to ;-)

 

[shadow123]

I 've just worked out how they're actually going to get around it:

'MULTI-BALL ROULETTE - have up to 50 balls in play per spin!' *Max stake £2 per ball.

The balls would be queuing up to drop into zero

 

[shadow123]

What I find irritating is that the goverment want to re coup the lost revenue in various ways.
There was no FOTB revenue before they existed,all the revenue has been a massive bonus for
the taxman at the expense of those who can probably least afford it.

 

[nutnut]

Wonder how you will all react when they limit the stakes to £2 online. Just as many problem ganblers online as in betting shops. Think most of you would be reactibg different.

Nanny society.

 

[goatwack]

Wonder how you will all react when they limit the stakes to £2 online. Just as many problem ganblers online as in betting shops. Think most of you would be reactibg different.

Nanny society.

BTG are already way ahead of the pack by including the 'Buy' feature to circumvent this. The UKGC will be bamboozled by it and probably keep it in place for years to come

 

[philderby]

I thought it would be reduced to £30 so pleasantly surprised when i looked on the news this morning and seen it was right down at £2 maximum

 

[Reelsoffun]

If you want to play more than £2 a spin on roulette you have to either play at a casino online or a BM one, IMO that's actually how it should have always been, and not available on any high street.

Bookies took the piss, trying to make casino type income without the costs and its finally caught up with them.

Yes there will be no doubt some job losses, but they didnt exactly treat there staff great in the first place, and were only employed to take advantage of more FOBTs in the extra shops anyway.

I, as im sure most people, will welcome the new £2 max stake and its one of the few things the UKGC has actually got right lately IMO.

 

[Reelsoffun]

.

 

[mack341]

Yes, I must say this has been long overdue and if people outside the UK are in any doubt as to how much is being taken from the mostly disadvantaged urban communities:

(Source BBC News:

You do not have permission to view link Log in or register now.

)

Research by KPMG has estimated a £2 limit would cut revenue for the Treasury by £1.1bn over three years, an annual loss of £45m to local authorities and £50m to British racing.

Betting firm William Hill, makes just over half its retail revenues from FOBTs.

You do not have permission to view link Log in or register now.

that a £2 FOBT limit would have a devastating impact on the High Street betting industry, with up to half of Britain's betting shops facing threat of closure and about 20,000 jobs going.

Ms Crouch said: "We recognise the potential impact of this change for betting shops which depend on (FOBT) revenues, but also that this is an industry that is innovative and able to adapt to changes."

A bookmakers always used to be defined as a business that accepted wagers on physical events of which the outcome is not controlled by themselves. Not electronic high street casinos every 50 yards.

These machines were ripping so much cash that to get round the limit of 4 per shop bookies were often seen to apply for licenses to open another shop, solely for the purpose of offering another 4 machines, within a few hundred yards of an existing premises.

I think these bookies have short memories, they managed to survive in the past when all their windows had to be blacked out like one of those 'private' shops that sells reading material for adults, they still turned a profit and they were everywhere but I suppose a lot of the horse betting clientele have kicked the bucket. I wonder if eventually this £2 limit will also apply online as the games are pretty similar in how much damage they can do to your pocket.

 

[goatwack]

If £2 limits were to be applied to online gambling, then 'Quick Spins' and 'Feature Buys' & 'Feature Gambles after Feature Buys' are going to get scrutinized I take it?

 

[SpinUk]

BTG are already way ahead of the pack by including the 'Buy' feature to circumvent this. The UKGC will be bamboozled by it and probably keep it in place for years to come

Don’t be so sure - the UKGC have got to be the overly zelous, anti business regulator in recent times, mainly as they doesn’t seem to be any colletive lobby voice the industry. Wouldn’t surprise me if we see an online casino bet limitation by the end of the year for UK customers.

 

[colinsunderland]

I think these bookies have short memories, they managed to survive in the past when all their windows had to be blacked out like one of those 'private' shops that sells reading material for adults, they still turned a profit and they were everywhere but I suppose a lot of the horse betting clientele have kicked the bucket. I wonder if eventually this £2 limit will also apply online as the games are pretty similar in how much damage they can do to your pocket.

There was no internet back then though, so you can't really compare it.
I genuinely don't see what this is supposed to achieve, you can lose thousands in seconds online, yet you are limited to £2 now in store. I honestly don't see the difference.

 

[colinsunderland]

For colin you do not a card or tracking to play upto £50 spin .you can just do it max money in one spin win is capped at £500. You can use logged card to play £100 per spin. You can also do this over the counter without any cards & you can still do £100 quid spins.
That's why they've been getting out if control.

thank you, I knew there were some limits but don't play them so wasn't sure of the amounts

 

[mack341]

There was no internet back then though, so you can't really compare it.
I genuinely don't see what this is supposed to achieve, you can lose thousands in seconds online, yet you are limited to £2 now in store. I honestly don't see the difference.

That's true most people place the bets online, I suppose then the betting shops will probably die out except perhaps a few left in large cities. In the area I use to live 10 years ago, all the old boys would wander up to the bookies in the shopping parade, it was like their social club as the pub was abit no go. Although they are not the most fragrant places to visit, it will be a shame to see them go.

 

[Valhalla]

I find it hysterical when I read William Hill are warning that 900 of their shops could close because of this, when said shops were only opened to exploit problem gamblers to begin with

 

[AC7X]

Excellent news. I'd be happy to go in and put 20p/number on roulette and win/lose a "fun" amount of cash - rather than spiralling out of control and leaving the bookies hundreds of pounds down in the space of less than half an hour. Damage limitation is a good thing. If slots can still be spun at £2 a go then you could still rack up some pretty big losses though.

 

[Nicola]

Best news ever. Never played one of these machines but frequently speak to those who have had their lives messed up by them. Should have happened years ago

 

[Deeplay]

I find it hysterical when I read William Hill are warning that 900 of their shops could close because of this, when said shops were only opened to exploit problem gamblers to begin with

Yep and most of those 900 shops were only opened so they could cram in 4 of the FOBTS per shop. Thats why in my town we have the same bookmakers on the same street twice ;-) 4 x FOBT each shop.

Bookies need to go back to the core business, horse racing, dogs, sports betting , virtuals.

 

[PaaskeDenmark]

I see if from this view and that is its both good and bad. Good part is yes with lower stake people will lose money slower. But end of the day the result will be the same most of the time the bookie will win and the player will have lost all money he came with anyways.

What they need and should implement is kind of a "gambling identity card" just like they check everything online now. So people walking into the bookies would have to insert that machine and use a code to be able to play.

This would then register all money deposited and played etc. And this way limits could easily be set for players. Same time would protect people with a gambling problem.

Changing a max bet to £2 will not do much is my opinion. Its already flawed as some people play 2 machines same time so in effect max bet will be £2+£2=£4

 

[mack341]

I wonder if another compromise could have been struck where they could have a higher max stake on certain slot games, say £4, but the rtp had to be 99%, I wonder if there would have been any takers for this?

 

[TheAddict]

I wonder if another compromise could have been struck where they could have a higher max stake on certain slot games, say £4, but the rtp had to be 99%, I wonder if there would have been any takers for this?

Id guess that once regulars realized, at 99% they would be the only games played on any machine

 

[mack341]

I tend to think the organisations interested in responsible gambling like UKGC, and maybe also gamcare, should look at game design. Slots like bonanza can drive you mad with no bonus appearing for thousands of spins, so players just keep redepositing.

If raging rhino and other slots etc.. with big potential only require an average 115 spins to trigger the feature, then I don't see why a game like bonanza which doesn't seem to have much bigger wins than rhino couldn't also have a maximum average of say 200 spins to trigger the feature. And on top of this, a 99% rtp would also help revitalise the slot scene. Maybe this is where netent should head, high rtp.