98Clubs
98Clubs
Joined: Jun 3, 2010
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July 9th, 2019 at 10:07:37 AM permalink
A recent Parliment decision to limit Punters to £2 on fixed-odds terminals has forced William Hill to close about 700 shops with layoffs in excess of 4000 Employees. Previously the Punter could wager £100 maximum. Details here.

Regards
98Clubs
Some people need to reimagine their thinking.
OnceDear
Administrator
OnceDear
Joined: Jun 1, 2014
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July 9th, 2019 at 11:27:21 AM permalink
Quote: 98Clubs

A recent Parliment decision to limit Punters to £2 on fixed-odds terminals has forced William Hill to close about 700 shops with layoffs in excess of 4000 Employees. Previously the Punter could wager £100 maximum. Details here.

Regards
98Clubs

I have a family member who works for a competitor betting shop. Business is bad for that chain too.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
Rigondeaux
Rigondeaux
Joined: Aug 18, 2014
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July 9th, 2019 at 12:57:08 PM permalink
How big of a social problem is sports betting in the UK?

I've spoken to a couple Ozzies who told me it is considered a fairly major problem there. Dad punting the family's money and so forth.
SM777
SM777
Joined: Apr 8, 2016
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July 9th, 2019 at 1:23:07 PM permalink
2¥ is such a bad look.
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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July 10th, 2019 at 2:12:40 AM permalink
Quote: Rigondeaux

How big of a social problem is sports betting in the UK?...

In casinos the limit for playing is £5 with a spin every 2.5 seconds, max prize £20k. The issue started when the rules were relaxed a few years ago so that in bookmakers, players could walk in off the street and gamble up to £100. Typically this was on games such a roulette rather than fruit machines, but led to many more stories of people losing thousands. There has always been some problem gambling, but this particular issue has been growing with some newspapers etc. canvassing for tighter rules. Many high-street shops survive on this income, so it's just reversing the trend when they jumped on the bandwagon.
blackjacklad
blackjacklad
Joined: Dec 14, 2017
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September 13th, 2019 at 3:10:45 PM permalink
I'm looking forward to seeing what exclusive games the bookies start offering on the FOBT's to try to keep the punters excited with the smaller stakes. With a £2 max bet and a £500 max payout one of the solutions available to them is to have more progressive jackpots.
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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September 14th, 2019 at 11:34:33 PM permalink
There are strict rules, so while £500 can still be won you can only wager £2 per spin. Progressives for more can only be in casinos. There are a few fruit machine only casinos with their 20 machines.
blackjacklad
blackjacklad
Joined: Dec 14, 2017
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September 16th, 2019 at 3:40:02 AM permalink
The £500 max allows for progressives that can become EV+, usually at lower stakes than £2. There is one game in particular that is EV+ on 50p stakes once the jackpot reaches £280. Roughly one in 40 machines I'v explored have it at higher than that.

As a solution to the reduced stake limits I expect the casinos will either have more progressives, or more 'premium play' features, hopefully the former.

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