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Fobts max stake per spin... my book...

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Replies: 79
By:
impossible123
When: 02 Nov 17 11:25
The Government had stated the range would be between £50 and £2. If £50 was the final outcome then what would be the point of having this additional 12 week "consultation" period?

£2 max per spin would be very unlikely now,...to me a more realistic figure would be between £20 and £10, I believe, to satisfy and pacify, and be more palatable to both sides; this could be the starting point with a further review in the future, if necessary, should more adverse implications arise.
By:
pixie
When: 02 Nov 17 11:57
'Palatable to both sides'? What planet are you on? Do you think the bookies will find under £20 'palatable'?
By:
ronnie rails
When: 02 Nov 17 13:31
lads shares up 6 percent today
regards
Ronnie.
By:
go racing
When: 02 Nov 17 13:48
Main problem i think is that they want to rip off the mugs that play them for thousands and then sh it themselves when they smell an inspired sports/horse/dog bet. This is really what should be exposed, can't have it both ways but the brown envelopes say different. And why do you keep having sly digs about your scumbag employer Ronnie Rails and then bend over backwards to sell there **** gaming machine product for them, all for 21k a year?
By:
impossible123
When: 02 Nov 17 17:36
Anything between £20 and £10 is palatable eg if £20, it is still far higher than £2, the max being sought by the fobt opponents, similarly £15; if £10 the fobt opponents would be happier as this figure is much closer to the £2 max they had been demanding. But the bookies would be up in arms as this would be significantly less than the present £100 or £50, the ceiling of the consultation.

Personally, I think the eventual max figure would be £20 per spin as anything above would be deemed too high given the support and outcry voiced by prominent individuals of society.
By:
pixie
When: 02 Nov 17 18:56
Not in a million years would the bookies accept a maximum spin lower than £20 as 'palatable'. If you read the impact assessment on the Government Gambling Consultation Review, KPMG assess the revenue drop to be by 27.6% on a £20 spin, I would guess max £10 a spin would see a revenue drop to around 50% and KPMG forecast a revenue drop of 64.9% with a reduction to £2 a spin. If any of the aforementioned restrictions were put in place there would be mass shop closures and the big bookies share prices would plummet! The bookies will be truly horrified if the maximum spin was reduced to below £20!
By:
impossible123
When: 02 Nov 17 20:42
The bookies have been "stealing" from the fobt addicts and The Exchequer - the fobt should incur a tax of 97% - given the ease and magnitude of their annual cumulative profits eg £1.8bn. The bookies have strategically manipulated the proliferation of fobt with impunity courtesy of past and present governments. Hence, it is about time these profits are reduced significantly and/or extinguished bookies - the bookies must be made to "work" for them and not "handed" to them on a silver plate annually.

The accountants KPMG is marked by duplicity thus any financial projection from them must be taken with a big pinch of salt, in my opinion.
By:
pixie
When: 02 Nov 17 20:49
Whatever your opinion of the moral wrongs of bookmakers, I was merely pointing out that you are very wrong if you think under £20 a spin would be 'palatable' to the bookmakers!
By:
halcyon days
When: 02 Nov 17 21:16
Which ever way it goes in January..



THE BUSINESS MODEL OF HIGH STREET BOOKMAKERS WILL CHANGE, IT HAS TO !
By:
pumphol.
When: 02 Nov 17 21:30
Sadly nothing will change for the sports punter regardless of the max spin amount, anyone with any sort of clue on any sport is & will continue to be  regarded as a parasite, nothing will change that & as the average punter has less of a say than the average man in the street in North Korea all that will change if it ends up say £20 a spin will  be a few shop closures for example this time next year there may be say 14 bookies in High street North instead of 18 Crazy
By:
screaming from beneaththewaves
When: 03 Nov 17 16:34
Actually I think there would be more betting shops if the max. stake were reduced.

The addicts' money would last longer, so they'd be sitting at the machine longer. Hence there'd be a demand for more machines from the other addicts who could no longer find a vacant machine.
By:
maineroad
When: 04 Nov 17 11:13
We had a proper old type shop busy on the phones - pubs - clubs loads of decent punters and the fobs had been out for about 6 months. I said to me old fella we need one of those he said not a chance no one will play it and it will take up too much "paper space" and we hardly had any as it was. I finally talked him into it and the machine was put in by a firm who said it def wont lose. We turned it on on the Saturday and couldnt see it from where we were behind the counter. People  started bringing up winning dockets £30 £20 £4  then £340 me old man was going spare we could here it being played and people were crowding round it as it was new. Any way someone comes up and said the machine wont accept notes and there was an error message on the screen so we phoned the fella who put it in he said the error message was because the thing that stored the notes was full up !! We opened the cabinet and the money thing was was on a spring as I grabbed it the spring came away and fk in laods of fivers tenners and twentys flew across the shop. We scooped em up over a grand had been put in and we had paid out about half that. Whatever happened results wise we always knew the "box" ( as me old man would call it ) was sitting there in the corner minding its own business making bombs.
By:
halcyon days
When: 04 Nov 17 12:34
The cynic in me thinks the dawdling by the government is to drop the ''max'' to £50 !



I hope I'm proved wrong.
By:
parispike
When: 04 Nov 17 12:40
The "cynic" in you halcyon days is you being realistic. Alas.
By:
s.kenbo
When: 04 Nov 17 12:45
Maineroad. Laugh
By:
screaming from beneaththewaves
When: 04 Nov 17 15:59
Brilliant story, maineroad!
By:
ronnie rails
When: 04 Nov 17 20:00
maineroad
how much did you make out of Chinese  with the scotish notes,
hope you are well
regards
Ronnie.
By:
Storm Alert
When: 04 Nov 17 20:30
£30 max casino games (roulette, blackjack etc)
£2  max spin slots (no high stakes options).

Max number of FOBT machines increased from four to six per shop.
By:
impossible123
When: 04 Nov 17 20:34
The number of fobt machines must remain 4 or less, and not be related to maximum stake consultation.
By:
maineroad
When: 05 Nov 17 12:01
Things are good Ronnie - hows it with you these days ?

Those chinks used to bring in thousands in scottish notes that stank of weed  I got to know the main man pretty well it seems they were Chinks running cannabis farms from terrace houses in Scotland. They had vietnamese running them up there for them they used to call up and collect the cash every couple of week then shovel it all in the fobs play a bit then collect a chitty and receive normal cash. I soon cottoned on so when they brought the chitty up I just emptied the machine and gave em back the scotch money they had just put in. I had a word with them and said as long as they play the fobs for a while I would pay them out in sterling regardless of how much scottish they put in. It pretty much went somthing like they would stick a grand in and collect 7 ton. You would then get the odd time they would win then the odd time they would blow thousands in. They asked if they put normal bets on that won could they be paid in sterling which I said was fine so they then started sticking massive money on 1/3 and 1/4 football teams thats when they started to lose a lot. A lot of the chinks smoke and the smokin ban had come in so I would put the shutters down lock the door and let them sit on the machine smokin like chimneys. They were always polite but frighting at the same time !! Happy days !!
By:
s.kenbo
When: 05 Nov 17 12:12
Another good story, Maineroad. Laugh
By:
kemo sabe
When: 05 Nov 17 12:52
a very interesting and at least for me informative number of postings ; i hardley go into bookies these days cept to watch a race if im in the city ,,, but it does seem a different world from my formative years
By:
maineroad
When: 05 Nov 17 13:06
Plenty of unbelievable yet true stories kenbo I will stick a couple more on in the week.

Off to the match now to watch the boys in blue.
By:
s.kenbo
When: 05 Nov 17 13:40
I will look forward to reading them.

I hope you lose your footy game match though!
By:
Aviboyd
When: 05 Nov 17 14:48
The government are missing a trick here.  It would take criminals an eternity to clean their 'proceeds' using the bookies money laundering service if stakes were reduced to £2 a spin!  It would take so much time actual crime figures would plummet imo...
By:
GHOSTOFALEXBIRD
When: 06 Nov 17 19:56
Great story's Maine road thanks for posting
By:
halcyon days
When: 24 Mar 18 17:32
Looks like the second favourite chaps !


Come on Matt Hancock get your finger out !
By:
halcyon days
When: 24 Mar 18 17:38
Radgers.. no dough from you yet ?...   Shocked
By:
jackboo
When: 25 Mar 18 09:09
let em have 2000 pounds a spin , then the players will do there houses , and there will be no one playing , lol
By:
halcyon days
When: 24 Apr 18 23:39
No ''nifty'' takers !!!     Laugh
By:
JML
When: 25 Apr 18 00:39
JML • March 16, 2018 5:10 PM GMT
I don't think what he said changes anything,he is a politician after all.

My money is firmly on £2 but perhaps £20 and one spin per minute would be better.

By:
JML
When: 25 Apr 18 05:08
£2 is what nearly everyone wanted but IMO £2 is still £2 to much.
By:
halcyon days
When: 25 Apr 18 17:05
Well done J !   Wink
By:
Deltâ
When: 25 Apr 18 17:16
oi, you never answered ya fred!
By:
ronnie rails
When: 06 May 18 19:53
hal
hope you are well quick question report out this week
how do you bet.
have a nice evening
regards
Ronnie.
By:
BlazingWalker
When: 06 May 18 20:31
The government are making a right pigs ear of this , this review should have been concluded ages ago .
By:
ronnie rails
When: 06 May 18 20:34
blazing
19 months it has been.
By:
JML
When: 06 May 18 23:23
hope your job is safe Ronnie.
By:
halcyon days
When: 17 May 18 17:18
The ''nifty'' chance takes it !
By:
wondersobright
When: 17 May 18 17:28
don't give up the day job halc Laugh
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