FBOTs

easy wrote: this has zero to do with gamblers or bookmakers profits, there is a much better (governments point of view) reason for this legislation and it has fuck all to do with protecting gamblers.



the only reason this has come in is to stop washing money....no other reason.


the game is simple.......

48 on red
48 on black
4 on zero

over and over and over and over again......

collect ticket from till and ask for cheque or transfer or even just a slip to show it comes from a machine then off to the bank to deposit and voila.....clean as a whistle


rates for washing range from 8% to 20% so this is a far cheaper way ....or WAS

davetheflower wrote: Just heard some fantastic news.The government have put a maximum £2 a spin on the blood sucking Roulette machines.
They were a max £100 a spin and every 12 seconds.Ive seen poor souls lose their home,family and in some cases their lives.They are called the crack cocaine of gambling for a reason.
That's why you have multiple bookmakers on every high street and our unscrupulous bookmakers don't have to lay a bet to punters who like the geegees and sports betting.
Maybe now instead of preying on the vulnerable they may actually try and earn a living the right way.

davetheflower wrote:

chicken n chips wrote: Now watch bookies start closing shops

Definitely

easy wrote: this has zero to do with gamblers or bookmakers profits, there is a much better (governments point of view) reason for this legislation and it has fuck all to do with protecting gamblers.



the only reason this has come in is to stop washing money....no other reason.


the game is simple.......

48 on red
48 on black
4 on zero

over and over and over and over again......

collect ticket from till and ask for cheque or transfer or even just a slip to show it comes from a machine then off to the bank to deposit and voila.....clean as a whistle


rates for washing range from 8% to 20% so this is a far cheaper way ....or WAS

Mac wrote: Research has suggested it could cost British racing up to £60m annually.

BBC


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chicken n chips wrote: Culture Secretary Matt Hancock said the government was 'taking a stand' by imposing the dramatic cut on the amount which can be wagered and lost on fixed odds betting terminals (FOBTs).

However, ministers have stopped short of saying exactly when the reduction will come into force - saying they will allow firms a 'reasonable' amount of time to adjust.


A year? 2 years? 5 years? this U turning Government wont put this into practice.