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Profit warning issued, poor Cheltenham given as one factor but interesting that they also blame an increase in the number of time-outs and automatic self-exclusions in the gaming area. Have FOBT's peaked?
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Replies: 26
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Still making an annual operating profit of £250 million?!
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Perhaps they should
1/ Get rid of these useless idiots they call traders who exclude anyone who is better than them. 2/ Get back to proper bookmaking |
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can't have a bad cheltenham if you ain't laying any bets.
bottom line is all about FOBT money with this mob. |
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correct
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must be chuffed to be making £250 million a year off fobts then!!!!
difference from being greedy and over estimating profit figures rather than struggling imho. cant see them going to the wall soon |
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Traders???
As we saw on the BBC Corals programme, these firms now only employee spotty kids just out of Uni who are paid a pittance to open their computers and leave Betfair on the screens and make sure they are not bigger prices. If someone should slip throughout the net and manage to get a bet on at a top price the risk managers are alerted and you are gone. |
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peaz..... it cannot happen ...why dont matter what bookies take a view.. the exchanges rule ..,, seen it coming thats why i sold out ,, and now sit at home playing the betfair
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Seeing as they have turned their back on masses of online punters which must still be a growth market it should be no surprise profits are down. FOBTs can only add so much to the bottom line. They must be missing millions by not allowing people to be online.
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let me have 77p on 11/2 shot at Cheltenham; used to be ok but now rubbish
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online is a waste of time unless you want peanuts
shops are a waste of time unless you want 50 pounds |
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50 pounds @ 6/4
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Their efforts at Cheltenham were pitiful. All this we will price match every top industry price, all very well, when you're the only firm going 1/5th odds all the non handicaps,and weren't NRNB on anything other than about 3 races all week you at least expect them to take a bet.
Then I was offered a tenner ew @ 12/1 something in one of the handicaps. Alas I don't have the holy grail of a Bet £3.65 account, but a colleague had 50ew @ 12/1 the same horse , with the extra place too with them. God knows how many punters they turned off that week. |
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can get thousands on with hills, top bookie
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Yes after all those years they have finally peaked , truth be told most like peaked 2 years ago no growth in share price since advocate of single manning cost cutting no wage increases and no bonus for staff , REAP WHAT YOU SOW !
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Typical City knee jerk reaction, go long on your SB account.
Happens nearly every week, easy money. |
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you need to lay a bet to make money imo , some of what i was offered at cheltenham was laughable
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you need to lay a bet to make money
not at £100 a spin on the FOBT you don't. that's guaranteed profit, all you need to do is to get the addicts through the door. no point laying you a horse. it might win. |
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Bang on hulk, the last line on your post says it all perfectly.
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Oh dear...
what can I say the freaks are clueless and it has come to pass..... How did it come to this.....  |
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v true sadly hulk
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Know about 6 people who were fobt regulars for years and now don't touch them, 1 in particular done a fortune in them over about a 4 year period. If it's the same story up + down country then bookies must start closing and profits down.
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my local bookie seems to have had loads of how can isay non english speaking people in every day on machines. sometimes 7 or 8 at a time around them. Suddenly in the last few weeks they have seemed to slow down, i called in today 3 times and it was empty no one in at all. have they all been taken? and realised it is a con?
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Do they miss Big ralphie?
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As above... if you want £50 per spin you have to sanction it yourself.... more, I think you have to get permission from behind the counter !
This, has had a dramatic effect... people are not betting in the larger amounts ! And, of course the Government are taxing FOBT profit's higher ! |
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The government are complicit in the rip off from the fobt's as they take a quarter of all the bookies profits from these thieving machines in tax and this is the real reason why they are reluctant to reduce the maximum bet of £100.
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if the govt taxing fobt profits id say the payout % has been reduced accordingly
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