Quote:
Originally Posted by nomadking
FOBTs return 97% of the money put into them. They are deliberately low margin devices.
From Parliamentary briefing paper dated 23rd Oct 2018.
This means that you will win if you keep playing. With gambling on something like horse racing, you can bet 1,000 times and lose each time.
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That's exactly what my brother thought and believed when he had a gaming machine (bandits) addiction.
I had to watch him put a full months pay into one of them because he just would not listen and was convinced he was winning until he had nothing left.
Over what period of time must his 97% be paid out? 1 week? 1 month? 1 Year?
Is the machine allowed to be changed for any reason before that percentage payout has been achieved and if it is repaired (if necessary) and placed in another location does it still have to remember what it has taken in before and give a big win in the new location?
Ever thought why machines (especially in pubs) are changed on a frequent basis?