Report recommends £2 stake online, and lots of other measures....

lotusch

A little mix of Dutch and Irish
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Jun 3, 2013
Location
Dún Dealgan
I will have a read through this.
Interesting for the industry as a whole but also for the player / end user.

Thanks for sharing mate.
 

goatwack

Get dunked, big buns!
Joined
Aug 29, 2012
Location
Londonia
Not really the ultimate solution as plenty can be lost at £2 stake too, in record time. Given how ludicrously fast some games spin
 

deepsky2

One more spin
Joined
Mar 1, 2011
Location
toronto ontario canada
I personally dont like it. Even though I mostly bet$2 and under I do like to time to time make larger bets when I'm on a good run. Being in Canada wont effect me but I think we should have a choice. People need to be resposible of there own actions not only in gambling but everything we do. Stop pointing fingers at someone else when we screw up.
 

trancemonkey

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Location
United Kingdom
Well, i was right before and i've been right again...
And having given my crystal ball a rub, this is what i think could happen:

If they DO reduce the stake to £2, then the B1 machines would also have to reduce to £2 - this makes very little sense, so my guess is it might come down to £5.

However, if they DO reduce it to £2, then the people that want to bet higher will go elsewhere - and the elsewhere is the underground casinos - the ones that iwll prey on the vulnerable and the weak.

Over-regulation (which i think some of this is) will do more harm than good, and drive a huge surge in dodgy casinos preying on those that want to (and are able to) gamble at stakes over £2.

Stakes should of course be restricted and affordablity checks should play a part in this, but a flat £2 max will cause horrendous problems
 

dionysus

Good(w)ill Ambassador
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the land of snow and maple syrup
I'm not sure $2 is apt - quite frankly, some people can afford to put in more/lose more
maybe put general casinos at 5 and casinos or casino rooms (sections) that specifically cater to high rollers, have the more stringent checks, with 10 and 25? I dunno.

maybe what's more practicial for now, is those as advertise slots - streamers, and ads that promote the slot itself, from the casinos and providers have 2 or 5 caps to at least show a somewhat realistic win
 

interlog

Meister Member
webmeister
PABnonaccred
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What does this mean?

an urgent review of stakes, deposit and prize limits online is undertaken

Do I read it right that they are also proposing a max win cap?
 

Mark_32Red (retired acct)

Dormant account
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May 23, 2008
Location
32Red Marketing Dpt
Well, i was right before and i've been right again...
And having given my crystal ball a rub, this is what i think could happen:

If they DO reduce the stake to £2, then the B1 machines would also have to reduce to £2 - this makes very little sense, so my guess is it might come down to £5.

However, if they DO reduce it to £2, then the people that want to bet higher will go elsewhere - and the elsewhere is the underground casinos - the ones that iwll prey on the vulnerable and the weak.

Over-regulation (which i think some of this is) will do more harm than good, and drive a huge surge in dodgy casinos preying on those that want to (and are able to) gamble at stakes over £2.

Stakes should of course be restricted and affordablity checks should play a part in this, but a flat £2 max will cause horrendous problems

From my own personal perspective, not 32Red's, I could have wrote the same almost word for word. Aside for ball rubbing that is. :) Any over-regulation will drive more players to the black market. Simple as that. I think everyone's in agreement that there should be limits in place, but sensible limits that can be increased following relevant affordability checks etc. If I can afford it and want to spin at £20 a spin, I should be allowed to. Same as if I want to spend £200k on a car, nobody is capping car prices (yet).

Mark
 

bamberfishcake

Senior Member
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Location
Essex
Yet casino's have to reduce RTP due to higher taxes because otherwise they won't have enough profit :oops:

The figures dont shock me to be honest. I expect shed loads of money to be lost. That is gambling right?

The house always wins and the market has blown so of course, there will be billions lost.

The casinos lowering RTP is just plain greed but that greed is also not uncommon in modern business. Not advocating it just saying.

Restricting bets or restricting winnings is just stealing opportunity. These people should be educated enough to realise that stiffling availablity does nothing for curing addiction.

Another one sided panel of decision makers with no clue.
 

slotter999

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Joined
Oct 22, 2013
Location
UK
@trancemonkey Do you have any evidence to support the prediction that over regulating online gambling leads to a boom in black market gambling? Have there been industry studies to study that at all?

If there was an explosion in black market online gambling then the regulator will take steps to stop the flow of money which are powers they already possess today.

Sure there are ways around that as well but it's not for the masses and any company actively seeking to work around the law will be finding themselves investigated for criminal offences so your big banks, payment providers and game providers won't go anywhere near operations like that.

When it comes to the flow of money it is much more difficult to flout the law. The UK along with the USA have some of the toughest laws and powers to act of any country on the planet.

If your prediction that more regulation leads to criminal activity then the criminal activity needs to be addressed as per the law of the land. It's a separate issue vs online gambling regulation in my view.
 

goatwack

Get dunked, big buns!
Joined
Aug 29, 2012
Location
Londonia
Another nail in the coffin for regulated gambling in the UK. Time for a good foreign operator to step up and via agents allow people freedom to spend their money in the way and volume they want to. This country is becoming a joke, ban this, stop this ,tax this, limit this. I hate it!!
E-cigs will be next, God knows the Tobacco industry has tried to demonize it for years, looks like they got their wish

Even Trump's chiming in (but when isn't he to be fair)

I suppose our ninny nanny state will ration chocolate per head soon, along with oxygen & sex
 

trancemonkey

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Joined
Mar 29, 2013
Location
United Kingdom
@trancemonkey Do you have any evidence to support the prediction that over regulating online gambling leads to a boom in black market gambling? Have there been industry studies to study that at all?

If there was an explosion in black market online gambling then the regulator will take steps to stop the flow of money which are powers they already possess today.

Sure there are ways around that as well but it's not for the masses and any company actively seeking to work around the law will be finding themselves investigated for criminal offences so your big banks, payment providers and game providers won't go anywhere near operations like that.

When it comes to the flow of money it is much more difficult to flout the law. The UK along with the USA have some of the toughest laws and powers to act of any country on the planet.

If your prediction that more regulation leads to criminal activity then the criminal activity needs to be addressed as per the law of the land. It's a separate issue vs online gambling regulation in my view.

I think you are extremely naive if you think that people wont do whatever they can to gamble illegally if they can't do it legally
 

Nate

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Same as if I want to spend £200k on a car, nobody is capping car prices (yet).

Mark

I agree with everything you've said... apart from this.

When you spend 200k on a car... you get a car... Not a chance at a car.

When you go to the dealership with 200k.. you WILL get something in return for your money - Not some possibility.

You can't gamble to upgrade your car on a feature gamble and also have the possibility of walking away empty handed..

So naturally - there isn't any reason to put a cap on this.

I do however get the gist of your post.

Nate
 

Nate

Paleo Meister (means really, really old)
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E-cigs will be next, God knows the Tobacco industry has tried to demonize it for years, looks like they got their wish

Even Trump's chiming in (but when isn't he to be fair)

I suppose our ninny nanny state will ration chocolate per head soon, along with oxygen & sex

Yeah... just read an article on the daily fail (or was it elsewhere?) Where a teen was hospitalized after vaping...

It's making headlines... the other 1 million people dying from lung cancer or smoke related illnesses are not even of concern.. but what vaping did to 1 person most certainly is.
 

dionysus

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the land of snow and maple syrup
Yeah... just read an article on the daily fail (or was it elsewhere?) Where a teen was hospitalized after vaping...

It's making headlines... the other 1 million people dying from lung cancer or smoke related illnesses are not even of concern.. but what vaping did to 1 person most certainly is.
loads of cases this side
 
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