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The 2011 profit (ie amount taken minus payouts) on the Ladbrokes FOBT machines alone was £360m.
That means just Laddies took £1m per day in their FOBTs.
Another way of looking at it is that every man, woman and child in the UK LOST £5 on a Ladbrokes FOBT in 2011.
God knows how much it would be if you added in Will Hill, Baldfred, etc
That means just Laddies took £1m per day in their FOBTs.
Another way of looking at it is that every man, woman and child in the UK LOST £5 on a Ladbrokes FOBT in 2011.
God knows how much it would be if you added in Will Hill, Baldfred, etc
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dear god. thats awful.
i used to go romford dogs on friday nights. outside would be some of the best dogs in the country. inside would be plenty of scantilly clad laydees. and in the track betting shop, the queue to go on these machines would be out the door. i dont see the fun in them. the odds are stacked against u. and if you're gonna play casino games, then go to a proper casino and make a night of it - rather than sit in a 5hithole shop. |
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is that down on past years ???
would betting shops survive without them ??? up here in newcastle there has been a rash of planning applications for new betting shop licences, there are already way too many shops for newcastle, so i imagine it is the extra fobts they are after. |
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Shocking stuff.
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Shocking stuff.
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marychain - u gotta link for the breakdown of how ladbrokes profits were earnt?
ta |
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Write to your MP about this. I agree it is disgusting but it's not something that will change without parliament.
There is this petition, but it's poorly worded, it's worded as if it is calling for parliament to raise signatures! http://epetitions.direct.gov.uk/petitions/17676 |
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www.ladbrokesplc.com/~/media/Files/L/Ladbrokes/Press-releases/prelim-results-2012-02-16.pdf
Operating profit by Division (exc. High Rollers) UK Retail 152.3 European Retail 13.4 Digital 55.0 Core Telephone Betting (4.0) UK turnover represented by Of the Uk retail: Turnover wise £2.477bn is OTC (Over the Counter) and 10.482bn is FOBT. FOBT been up 13.7% since last year. Representing 80% of turnover FOBT represents less profits with OTC responsible for £392 million Gross win of which £8 million equated for free bets. and FOBT £360 million gross win. This is before Gross Profits Tax of £57.5 million and Operating Costs of £476 million. Leaving profits of £152.3 million. So to answer the question, shops aren't opening for FOBT's alone but they are instrumental in deciding weather the shops are going to be profitable. I must admit looking this up I was shocked at the FOBT turnover. |
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It seems odd that 10bn of FOBT turnover is only 360 gross profit, that's a very small edge.
Either they do nearly all their FOBT trade in Roulette or those sums are odd, aren't FOBTs usually set to a 78% average payout? 10bn through 78% should be 2.2bn lost. |
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97% is fobt.
slots is lower. i cant be bothered to go into detail but go on the example of you stake £100. you spin you get back £97.so you lose £3. you should in theory lose 3% every spin but of course you will occasionaly back a winner but if you keep on repeating the spin you will do your bollox. as for shops opening they are for fobts and the new bgt terminals as if you think these shops that are opening on the high st can generate enough profit out of an over the counter turnover of say £25000. with a profit of say 10% then you are living in fantasy land. the rent alone for some of these shops are now £1k a week without any other expenses or the shop having a losing week. as for there figures some of there old backstreet shops may only win a grand a week out of the fobts but many of there high st branches do in excess of £6-£8k a week profit |
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Operating profit by Division (exc. High Rollers)
UK Retail 152.3 European Retail 13.4 Digital 55.0 Core Telephone Betting (4.0) UK turnover represented by Of the Uk retail: Turnover wise £2.477bn is OTC (Over the Counter) and 10.482bn is FOBT. FOBT been up 13.7% since last year. Representing 80% of turnover FOBT represents less profits with OTC responsible for £392 million Gross win of which £8 million equated for free bets. and FOBT £360 million gross win. This is before Gross Profits Tax of £57.5 million and Operating Costs of £476 million. Leaving profits of £152.3 million. ------- this doesnt make sense. are they saying that TOTAL, ALL-IN profit (otc, fobt, the whole lot) is 152.3m. yet the fobt's copped 360m on their own? the exes are 57.5m gp tax and operating costs of 476m. go gently, punters. its friday afternoon. |
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These machines are totally **** and should definitely be banned.
The same degenerates are on these machines every time you pass a shop. I used to like the atmosphere in the bookies but nowadays all you get is virtual car racing , virtual horse racing instead of when they used to give you a build up to a race with clips of past form. The whole bookies experience is now geared to morons. |
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P.S. Whu do Betfair aways asterik out the word Ri gged
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Net Revenue from Shops is 683 million - Costs 476 million and GP Tax @ 57.5 million. = circa £150 million profit.
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The machines are not ****. They dont need to be. They just only pay out at 97%, the same as roulette in the casino.
Obviously, even if they paid out at 100% they would still be massively profitable. |
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not ****
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not rig ged
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97 percent payout could be 1 pound after spending 200 pounds
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sorry but what is FBOT?
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FIXED ODDS BETTING TERMINAL
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aka fruit machines
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ahh cheers mate
I assumed you were talking about those virtual roulette wheel things they have but couldnt work out what the initials stood for :p |
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yep
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corporate name
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They are the "crack cocaine " of gambling ! People are actually waiting outside for shops to open in the morning so they can get inside and play them. Pure poison !
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Guys you know the answer to this disgrace.....
... BUY SHARES IN LADBROKES PLC FIRST THING MONDAY MORNING WHEN THE MARKETS OPEN TO TAKE ADVANTAGE OF THESE MUGS...  |
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They will never ban them. After only a year or two there was a report into the effect of these machines and it was somehow contrived in such a way as to prove these machines have no negative social impact. The fact is that they ruin lives. Punters who normally bet a score etc. would start doing 100-200 and then 1000+. Go into a high st bookie, watch the roulette players and it's only a matter of time before you'll meet one who will make 2,3,4 trips to the cashpoint to fund a chase.
With regard to the machines being fixed: There IS a random number string generated that forms the basis for all the games on the fobt HOWEVER the machines are programmed to take the number they need from the generator! ie what happens is that if 100 machines in london all have £10 on Zero and all press the button at the exact same time THEY WILL NOT ALL HIT THE SAME NUMBER. Althought there is absolutely no reason to fix a game of chance where you have a 3% edge and billions in turnover they take these measures to absorb potential spikes and also to spread occasional runs around the country evenly in order that word of mouth will spread news of big winning runs. The software also prohibits prifitting by backing very short odds on roulette and playing "martingale" or other similar systems. Perhaps the biggest scandal of all is that when the machines came out the legislation permits only one spin of roulette every 40 seconds. This is written in law, but is blatantly flaunted by the high street firms in order to speed up turnover, rinse the customers more quickly and get the next mug bum on the seat. None of this will now get acted upon. Gordon Brown hated gambling and couldn't do anything about it. The fact these machines now completely prop up the high street businesses that support 20,000+ jobs UK-wide mean there is ABSOLUTELY NO CHANCE OF THE MACHINES BEING BANNED. I'll bare my a$$ inside every betting shop in london if these machines get banned in the next 10 years. |
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There's no such thing as bookmaking anymore - it used to be an art, but now so much profit is driven from the Casino/Games element of online bookmaker websites that the sportsbook is just a product aimed at bringing customers in.
Gone are the days when Hills or Laddies would make a book and stick to it until they'd layed a horse to be a loser for a million or so! They used to lay you £10k on a horse at 6/1 no problem... now you're lucky to get £100 on! All bookmakers now follow similar tissue prices (and don't pay odds compiler's nearly half what they used to) and they use Betfair as the basis of their trading once the initial price has changed. Sad really - but yes I'd love to see FOBT's and online Casino's banned (because everyone know's they're on a payout percentage so they're designed to make money on a turnover basis). If this happened it might actually make bookmakers go back to the art of bookmaking again as they'd have to rely on this for making profits again. Talk abot racing for change! laughable when you can't get a bet on! |
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What has this to do with football please?
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Why should they be banned?
Cos people gamble......? lol |
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iko 19 Feb 12 00:48
97 percent payout could be 1 pound after spending 200 pounds You don't quite understand how per cent works, do you? |
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Are these machines different to the ones you find in regular arcades? Not fishing, just haven't been in many betting shops in the last 10 years, so can't say I've even noticed them.
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They're well addictive. I did a grand on them in one day. They never pay out.
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Yes, they should be banned and bookies forced to lay proper bets, they are basically just glorified amusement arcades now.
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No don't ban them. They relieve morons of their money. Saves them doing any damage with it.
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Rather than ban them, shouldn't they be licensed for use and control only by local Health authorities?
Thus, as with other addictive substances, they could be found in pharmacies. |
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the main ladcrooks in my home town applied to put a partition down middle of shop therefor making it into 2 diff betting shops just so they could put another 4 fobt's in!!! it got rejected
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^^^ oldest trick in the book, loads of them have got away with it, they simply list their address as 110-112 high street for that very purpose.
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Drunkasalord said
No don't ban them. They relieve morons of their money. Saves them doing any damage with it. These damn FOBT's are an addicts nightmare. I used to love wandering down to the bookies in the 80's and 90's as there were genuine characters who knew their racing and were always good for a conversation. Nowadays bookies have no atmosphere, nobody in them except for the red faced FOBT's deadbeat addicts, the sadness is some of them are the good guys from the 80's/90's, now snared and basically fcuked-up. God knows what damage is done to their families. |