0
$ £

UK to Lower FOBT Max Bets to £2 Per Game

The UK has long been debating whether or not to lower the maximum bet on fixed odds betting terminals (FOBT) in the country. Today it's being reported that the government may lower the max bet to £2 per game.

Current UK law permits players to wager up to £100 per spin, with some problem gamblers having thrown thousands in the machines to feed their addictions. This has led to calls from advocacy groups to call for a lowering of the maximum wagers. Last fall the government said it would consider dropping the max wagers to between £2 and £50, but it appears that regulators will move toward the lower amount after response to the study revealed a preference for the lower max.

The move was derided by some gambling firms, including Ladbrokes, who stands to lose millions in revenues due to the lower bet amounts. Speaking about the issue Ladbrokes CEO Jim Mullen said, "The triennial review has been running for over 15 months and throughout that time there has been constant rumour and speculation about potential outcomes, of which this is yet more.

"It should be noted that the current call for evidence is yet to conclude and industry responses have not yet been submitted to Government.

"We are very clear that stake cuts will fail to adequately address any issue of problem gambling; the industry has also always made it clear that a cut to stakes will have serious consequences - resulting in shop closures which will ultimately affect jobs, tax revenue and the funding of racing.

"There is also no evidence that machine customers will switch their spend to sports betting such as horse racing, and our experience is that they won't; any policy made on this assumption would result in a significant reduction in the level of funding for horse racing.

"We will continue to make the case for a sensible measured, evidence led and proportionate response to the public concern regarding these issues and this will be the basis of the evidence submitted as part of the ongoing review."

We'll be keeping an eye on this development and will update readers as we learn more.

3 replies • Last post

Comments

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 4427
Thanks given: 1477
Thanks received: 507
24 January 2018 - 6:43pm
#1

Well the max stake of a game will drop 50 times which is too much I think, the question is not why now will be just 2p but why it has been 100 till now I think.
They probably should of done it to like 10p per game or something similar, but in the end I'm agree that the measure is necessary to cut the most addicted punters loses, whether they'll find another way of gambling is questionable and it could be different for every one of of them.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7499
Thanks given: 3680
Thanks received: 3088
25 January 2018 - 5:54am
#2

This is a good thing. Many of those FOBTs are not even fair games despite looking like a regular game of roulette. I've seen videos in the past where people cover 35 of the 36 numbers and they lose 3 spins in a row because it is in "lose" mode.

I found this quote funny:

Quote:

There is also no evidence that machine customers will switch their spend to sports betting such as horse racing, and our experience is that they won't; any policy made on this assumption would result in a significant reduction in the level of funding for horse racing.

So... I thought the aim of the limitation is to reduce the amount wagered. It sounds like the guy is just confirming that it is going to work exactly as intended.

2 members gave thanks for this useful post: sharpe, coolsongss

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 4427
Thanks given: 1477
Thanks received: 507
25 January 2018 - 6:11pm
#3
CL-Ed wrote:

This is a good thing. Many of those FOBTs are not even fair games despite looking like a regular game of roulette. I've seen videos in the past where people cover 35 of the 36 numbers and they lose 3 spins in a row because it is in "lose" mode.

Wow, never seen that my self but it sound really cheeky, even I'm not that unlucky...I suppose.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.