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Did the bookies get it wrong - Bookies Slots and Roulette - Stop and Step

Did the bookies get it wrong


mjl5656

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When the £2 Limit came in

i would have expected the % on the slots to be higher for the first few months

However instead of trying to get the Roulette players onto the slots the % has gone down on many of them

Some games in bookies are max 91% in the arcade same slot giving up to 94%

 

 

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I expected the percentage to be higher initially too. Lure people in with decent wins in the early days then slowly ratchet it down

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I have 2 weeks left of my coral bonus book

then can’t see much point

as Local Arcade gives free drinks , crisps biscuits and last week even gave me free chicken and chips 

twice a week free £10 bet

all this plus better odds it’s as if the bookies are nailing there own coffin 

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  • 2 weeks later...

What the bookies got wrong is that very unlike bookmakers they gambled on FOBT’S and that the treasury would bottle the £2 stake when faced with filling the tax hole it left.

they thought the worst case scenario was £30 a spin which other than maybe the top 10% of big hitters was less than most played per spin anyway. 

They had the chance to self regulate when they were told the £100 was defo going and had they self imposed a £30 limit they could have milked the cash cow a little longer as the government would most likely have said, ok, you’ve made a positive step, let’s allow that to run and we’ll review it again in a few years.

That would have allowed the government to keep a fair chunk of tax revenue whilst kicking the can down the road a bit and allowed the bookies to keep making decent money whilst being seen to do something.

Instead the ABB lobbied and lobbied hard to keep it at £50 max believing that the treasury wanted the coin and MP’S from constituencies heavily invested in horse racing would blindly support them.

they completely underestimated the depth of felling from the public, parliamentarians and the government front bench on FOBT’S.

They shoved all in, gambled and lost.

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3 hours ago, TheKingInTheNorth said:

What the bookies got wrong is that very unlike bookmakers they gambled on FOBT’S and that the treasury would bottle the £2 stake when faced with filling the tax hole it left.

they thought the worst case scenario was £30 a spin which other than maybe the top 10% of big hitters was less than most played per spin anyway. 

They had the chance to self regulate when they were told the £100 was defo going and had they self imposed a £30 limit they could have milked the cash cow a little longer as the government would most likely have said, ok, you’ve made a positive step, let’s allow that to run and we’ll review it again in a few years.

That would have allowed the government to keep a fair chunk of tax revenue whilst kicking the can down the road a bit and allowed the bookies to keep making decent money whilst being seen to do something.

Instead the ABB lobbied and lobbied hard to keep it at £50 max believing that the treasury wanted the coin and MP’S from constituencies heavily invested in horse racing would blindly support them.

they completely underestimated the depth of felling from the public, parliamentarians and the government front bench on FOBT’S.

They shoved all in, gambled and lost.

Well now my Free coupon book from Coral has ended, no point in going to the bookies anymore

I have been going to my local arcade and casino once a week and overall I am much better off both with the £££ I have won and the overall experience 

I walked past Ladbrokes and Bet Fred today and was empty no a single person playing on the FOBTs

 

 

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