Re: Tracy Crouch resigns as Sports Minister
 

Just because 97% of any money is returned to players doesn't mean that it is you that it will be returned to.

Re: Tracy Crouch resigns as Sports Minister
 

If you say so.

Re: Tracy Crouch resigns as Sports Minister
 

It's a simple rule: The house always wins.

How else do people think they stay in business?

Re: Tracy Crouch resigns as Sports Minister
 

Indeed have you ever seen a poor bookmaker.

Re: Tracy Crouch resigns as Sports Minister
 

Well I suspect they have the funds readily available to reorganise said machines. Indeed if they haven't any contingency plans then they would appear to be a poorly run industry.

Re: Tracy Crouch resigns as Sports Minister
 

I sometimes go to a casino with friends, but never bet. I say to them that it's obvious that over time the house will always come out on top, or the business would not exist.

---------- Post added at 21:55 ---------- Previous post was at 21:50 ----------

The official explanation from the companies that run them is that it's because players get bored of the same machine after a time and takings drop, meaning less money for themselves & the venue that they are placed in (most places don't own the machines themselves, they allow companies to put them into places in return for a profit sharing arrangement).

You raise some very interesting points, I might put them to our machine supplier and see what they say.

Re: Tracy Crouch resigns as Sports Minister
 

New legislation requiring industry changes or other implementation periods that may be necessary always allows for time to adapt. Some legislation is so complex it has to be introduced in stages and over a number of years.

Re: Tracy Crouch resigns as Sports Minister
 

Remote access - some pubs had a switch/dial behind the bar to adjust payout (or the facility could be available)

The house always wins - on pure chance the odds are below the actual chance of winning and games with "skill" where you can win, if you do win you get asked to stop. On a machine with say 97% payout even if totally even at say £1 a bet. You put in £100 and play away - the machine likely doesn't actually payout cash it apply winnings to your credit. After 100 goes you now have 97 goes and so on. Since you can lose not every go will return your credit, you may have won 97 credits on the 100th go. That's still 97% payout. That means you 97 credits won't get you to the next 100th go with it's 97 payout, you need to add 3 more so it's cost you £103 to have 97 more goes and so on. The things are more complex than that and will take from you more for less. And are designed to keep making you add another £3. If they are taking £100 a go, do you have enough to hit the next payout(s) to cover losses?

These machines make lots if money - at one employer with a bar it was only the fruit machine that made money, that was used to keep bar prices down. Even the few that did play the machine lost enough to fund the bar.

As already said whatever the payout it's not always going to be you that gets the payout. And the duration of the best is so quick you can easily put your profits back in in short order.

Re: Tracy Crouch resigns as Sports Minister
 

Does anyone here still play the National Lottery since they changed the format (extra numbers) a few years ago, and turned it into a massive 1 in 45 million chance of hitting the 6 number jackpot?

Their blurb about the changes stated punters get more chances of winning due to increased prizes . . which if I remember was simply a 'free ticket' to play again ;)

My memory isn't great, but I think that started out as once a week, which then increased to twice a week, followed closely by a plethora of instant win scratch cards and extra 'add on' games.

Re: Tracy Crouch resigns as Sports Minister
 

:wavey:


Btw, what is an FOBT :confused:

Re: Tracy Crouch resigns as Sports Minister
 

Fixed Odds Betting Terminal.

---------- Post added at 19:37 ---------- Previous post was at 19:36 ----------

https://en.wikipedia.org/wiki/Fixed_...tting_terminal

Re: Tracy Crouch resigns as Sports Minister
 

Jacob Rees-Mogg and Boris Johnson join FOBT rebellion.

https://www.theguardian.com/uk-news/...fobt-rebellion

Re: Tracy Crouch resigns as Sports Minister
 

Let's face it, this has nothing to do with Mogg, Johnson and Davis having strong views on fixed odds betting....

Re: Tracy Crouch resigns as Sports Minister
 

So why do you think they rebelled?

Oh, sorry, it was a joke.

Re: Tracy Crouch resigns as Sports Minister
 

Have a guess OB? Possibly they don't agree with your view that bookmakers need more time/money, or they might just have an ulterior motive...