UK Gambling commission to look into £2 stake limit for online slots. Decision within 6 months

The thing we need to remember here is that its not the UKGC suggesting it, its political pressure! They are calling gambling a "Public Health Crisis" in this country. Capping the stake makes sense politically...but maybe not in the real world.

As I suggested before, should be max stake £5 and advanced SOW and affordability done if someone wants to be over that. Also make mandatory deposit limits.
 
Just another example of liberty being taken and control from the UK government.

Cant remember the time i placed a bet above £2 to be honest but who are they to tell me i cant place one if i want to?

Also, wont this mean less risk for the casinos?

One more thing, i can still walk into a casino and place £100 on red right?

Edited to remove swearing :)
 
How about the UKGC in all their infinite wisdom limit bets to £2 stakes for those players they deem can't 'afford' higher bets, after all the affordability and KYC/ AML circus they've subjected us to the last couple of years.

After doing SoW, maybe updated quarterly, the casino imposes a stake limit on your play. I mean it makes sense right, we're already in Nineteen-Eighty-Four so that ship's long sailed.

It would seem like a perfect workaround (or reach-around if you prefer)
 
This wisdom like @EkJR pointed have political twist and came from their list of actions and it might not be good enough for them that stakes limited BUT only for some people who don't have enough dosh to player higher. Would maybe discriminate poor people who can't pass sustainability checks and what ever, it was done strict £2 for FOBT:s as well.

Maybe some casino groups have people lobbying industry to at least hear some other opinions and telling how much unlicensed operators would get new customer and especially how huge revenue loss it would be for UK.

This was already in other thread, some talk about this and other possible actions from APPG:

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What short sightedness are u referring to??you only have to look at the problems people are having from other countries who don’t have the protection the UKGC afford us.
What percentage of players actually go above the £2 mark? I’d say not very many as a whole the majority of those effected by all these restrictions are those who line their pockets from this industry the strongest will survive the big operators.

I usually play at anywhere between 20p and £1 stakes, dependent on bankroll. However, I had a good run last week and upped to £3 spins on BOD. Ended up cashing out over a grand from a free £2 loyalty chip.

My point is, why shouldn't people be able to do a few a few spins at a bigger bet than normal if on a good run?
 
I'm not surprised, it will kill the industry, just as the £2 max on FOTB's has killed the high street industry.

More than anything its because most people can bet sensibly in accordance with their bankroll...by capping max bet you're neutering the potential experience. You build your balance up to £1000+ and you're stuck grinding at £2 a spin. Fack off.
 
I'm not surprised, it will kill the industry, just as the £2 max on FOTB's has killed the high street industry.

that’s half true. We ended up closing a lot less shops originally planned and we did post great numbers last year.

The truth is we didn’t know how punters would react, it turned out a few were happy to sit on £2 spins, a few turned to bingo, a few turned into SSBTS, admittedly the numbers weren’t as high as 2018 but they were never going to be.

retail is still a massive winner for us, it’s obviously on a decline but it’s still a high cash cow. There are 2 massive projects incoming in the next couple of years for retail. Personally I think they’re a last hurrah - but there are still 15-20 years left.
 
although this won’t affect me it’s still annoying, why should people who want to high roll and can afford it be penalised because of others who can’t? Sorry but you don’t say to an alcoholic you are only allowed 1 cider from the off license. It’s just all very controlling and basically telling people what they can and can’t do with there money. We are already the most spied on in Europe now this what next credit checks before making an account?
 
Cant remember the time i placed a bet above £2 to be honest but who are they to tell me i cant place one if i want to?

I've said it before, the UKGC are getting too big for their boots and this is just yet another example of nannyism in action.

As an aside, won't this just drive more people to the ultra high variance slots more? The ones that can see you thousands down in no time at all, even on £1 stakes?
 
FWIW I can see £2 being implemented. It’s way too ridiculous.

all you have to do is prove SOW BEFORE you can play. If you’re on £250k per year. Ok mate you can deposit £5k a month and £20 max spins

if you’re on 20k. You can deposit £50 a month, £2 max.
That’s the only sensible approach IMO
 
Good. Anything above 2 pound is ridiculous and if you have that much money to waste go to Vegas rather than spinning 10 pound in your underpants at home.

Hopefully this pushes people back to sports betting like good old days

Err....

Are you not the one that coined the phrase, ‘sexy spins’, when you were on the 4 quids on Bonanza? ;-)
 
FWIW I can see £2 being implemented. It’s way too ridiculous.

all you have to do is prove SOW BEFORE you can play. If you’re on £250k per year. Ok mate you can deposit £5k a month and £20 max spins

if you’re on 20k. You can deposit £50 a month, £2 max.
That’s the only sensible approach IMO

But then you still have the issue of the people who have built up a big bankroll from nothing or are funding their play via a big withdraw from elsewhere. Why shouldn't these people be able to up the bet?
 
But then you still have the issue of the people who have built up a big bankroll from nothing or are funding their play via a big withdraw from elsewhere. Why shouldn't these people be able to up the bet?

good point. Maybe it works on a sliding scale. If you are only allowed £50 a month £2
If your balance goes to £100/£3
£200/£5

I don’t have the answer lol but I do believe in some sort of sense (as someone who wishes when they were 18-21 had some form of RG!)
 
although this won’t affect me it’s still annoying, why should people who want to high roll and can afford it be penalised because of others who can’t? Sorry but you don’t say to an alcoholic you are only allowed 1 cider from the off license. It’s just all very controlling and basically telling people what they can and can’t do with there money. We are already the most spied on in Europe now this what next credit checks before making an account?

But if it applied to alcohol sales, it wouldn't just be alcoholic's who were restricted, it would be everyone, because a tiny percentage of people who drink, can't control themselves!
Totally agree with your post :)
 
Good. Anything above 2 pound is ridiculous and if you have that much money to waste go to Vegas rather than spinning 10 pound in your underpants at home.

Hopefully this pushes people back to sports betting like good old days
It may be ridiculous in your opinion, but this is not the real issue here. It's the government over regulating and dictating what one can or can't do. What if the UK gov decides folks are drinking to much at the pubs and starts rationing pints? Plenty of problem drinkers out there.
 
that’s half true. We ended up closing a lot less shops originally planned and we did post great numbers last year.

The truth is we didn’t know how punters would react, it turned out a few were happy to sit on £2 spins, a few turned to bingo, a few turned into SSBTS, admittedly the numbers weren’t as high as 2018 but they were never going to be.

retail is still a massive winner for us, it’s obviously on a decline but it’s still a high cash cow. There are 2 massive projects incoming in the next couple of years for retail. Personally I think they’re a last hurrah - but there are still 15-20 years left.
we?

I agree the bookies won't be going anywhere short term, but betting revenue is down too to what it was years ago isn't it on the retail side? There were still pretty heavy closures.
On the other side of the coin you can argue that it was good, a bookmaker is supposed to be a bookmaker, not an amusement arcade, which is pretty much what a lot of shops were, and its not that long ago we were close to getting extra FOTB's into each shop. Considering how small some of the shops were, sticking another 4 FOTB's in would have meant they wouldn't have even been able to display the days racing pages!
 
It may be ridiculous in your opinion, but this is not the real issue here. It's the government over regulating and dictating what one can or can't do. What if the UK gov decides folks are drinking to much at the pubs and starts rationing pints? Plenty of problem drinkers out there.

the UK is a complete nanny state. We are slowly turning into a communist nation. I’ll only be allowed to buy one steak a week pretty soon :(
 
we?

I agree the bookies won't be going anywhere short term, but betting revenue is down too to what it was years ago isn't it on the retail side? There were still pretty heavy closures.
On the other side of the coin you can argue that it was good, a bookmaker is supposed to be a bookmaker, not an amusement arcade, which is pretty much what a lot of shops were, and its not that long ago we were close to getting extra FOTB's into each shop. Considering how small some of the shops were, sticking another 4 FOTB's in would have meant they wouldn't have even been able to display the days racing pages!

yes the FOBT nearly happened. They nearly went with 5 at a £400 jackpot instead. Main issue with that was the room they take up so it never happened.

I was for it on the FOBTS but £10 max, £2 was and is nonsense

“we” as in the Royal “we”

I work for GVC. started off at Ladbrokes then Coral then LC now GVC!
 

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