racing post running scare stories about the reduction of maximum stakes on fobts

Unfortunately bookmakers don't want to make money from taking bets and the powers that be in racing are complicit in enforcing this fact whilst claiming there's a lack of interest in betting on racing

exactly hulk but the likes of trainers don't believe/acknowledge/know this is how it is because p ricks like Millington and  bookmaker reps/CEO'S say it isn't so

I think BM has to clear everything with the big firms before it goes to print

All these Liars like Cameron, Mandleson, Soros, Bliar , Mark Corney,ETC,,ETC.. don't want to lose a little bit of what they're getting.. they are all greedy Cn u  ts.
W. Jarvis, the latest to believe the rubbish spouted by BM and the bookies, worrying about how The Fobt's will effect How can prize money !!!
How can it  be any worse?.. The horses in maidens are running for the same prize money as they were 25 years AGO, and 25 years ago, they never had Fobts !!..Mr Jarvis wanting the poor and vulnerable to continue losing their money so he can carry on with his lifestyle..lol

and william jarvis joining in wac.

There was a 0-140 being run for just over 7k to the winner the other day. Can't really get much lower.

If shops close due to diminished profits then racing loses media rights payments approx £30,000 per shop
It is not a scare story if it is true
The bookies will have to get their profits from somewhere and that will be from punters

Might have been Newcastle.

thanks

could have guessed it was an arc track

Too much carp racing and too many bookmakers shops. This is dirty money and has no link to racing so the sooner we shed the dependence the better. Shame on the trainers etc who rely on this dirty money to maintain their business. I can see a time in the future when the vulnerable who have been targetted, where bookies have opened loads of shops in deprived areas,  get together with the 'no win no fee' bunch and pursue the bookies for compensation. Stranger things have happened in recent years.

dambuster, indeed. More prudent and much appreciated by those concerned if there is an increment in the prize money for the lower grade races. The owners of classic winners/runners do not need a helping hand; they are sufficiently able and in the game mainly for prestige and fun; the Ballydoyle, Godolphin and the Maktoums can easily look after themselves without feeding from the same trough with proceeds from addicted fobt users.

The Racing Post could only quote one trainer, what about the rest? Its editor ought to be shamed for scaremongering about a gaming machine that is proven for its ability to get into the pathways of a human brain to induce addiction which creates havoc to society and those families affected.

Stable Staff Chief - saying -

'A reduction to £2 stake would mean reduced Prize-Money = Fewer Owners = Fewer Horses in training = Job Losses.

Yet - contradicts himself by saying ...

“At the moment there's such a shortage of good-quality riders that a lot of trainers over the last two or three years are citing that shortage as a reason they’re unable to grow their business.”

The Jarvis comment that prize money is not what "we require" speaks volumes. WE (trainers) require YOU (everyone else) to keep us afloat. What about a bit of culling in the training ranks or is it a given that anyone who wants to have a go must prosper?

Parispike, what exactly did Jarvis say? The quote I have read suggests he does think prize money needs to be increased or at least maintained.

I understood your comment to mean he said that we don't require more prize money. He's right about the prize money being unacceptable to plenty of people within the sport. But if the sport cannot finance itself without relying on the misery created by the FOBTs there is something badly wrong.

There is and has been something "badly wrong" for years BB. Too much racing, a supine regulatory authority and kowtowing to the bookmakers (who have frankly run rings around the various regulators)come to mind.

regarding brigusts 16.45 post, not upm on the legal stuff but   could there be "claims made against bookmakers by fobt players ! i remember years back when the fobts first stated  i would pop to my local bookies on a saturday morning  to get a footy coupon and 2 attractive girls in the said bookmakers attire would be outside the shop offering free £10 bets on the fobts with the line "its a free bet  you cant lose " not only to people entering the shop but anyone passing men or woman , god knows how many non punters were lured onto the fobts by this ruse but probably plenty of lives ruined .

If lots if Bookmakers close, when hopefully we get £2 max stakes so be it.

However, I think there will still be plenty of annual profit at £2 max stake. A £2 spin from observation, on a slot type game takes perhaps 3 or 4 seconds, so be generous and say 5 seconds. 12 spins a minute, £24 a minute if you are sadly sitting there pressing the button like a zombie.

I remember when I was 15 or so, hearing that the 2 fruities in the local Catholic club were earing £10k a year each, it kept the club going, and that was a 10p stake!

The Bookies don't know what will happen, they are guessing, but with single manning, I'd be surprised if a shop with 4 machines that were regularly used before, did not still make a tidy sum.