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TOPIC: Fixed-Odds Betting Terminals (FOBTs)

Fixed-Odds Betting Terminals (FOBTs) 09 Nov 2013 18:49 #1

  • diamondgeezer
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These things are bad news all round.....they cause misery, poverty, problem gambling.



www.stopthefobts.org/what-are-fobts/
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Fixed-Odds Betting Terminals (FOBTs) 09 Nov 2013 20:41 #2

  • pheony
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Gambling is a fools game.
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Fixed-Odds Betting Terminals (FOBTs) 09 Nov 2013 20:48 #3

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The gambling machines helping drug dealers 'turn dirty money clean'
Dealers talk to the Guardian about laundering drug money through fixed odds betting terminals in bookies across Britain



Dressed in a grey hoodie and jeans, James, 24, looks like just another lost soul in the high street, shuttling between the six betting shops in an east coast seaside town. It's a weekday morning and if you catch up with him inside a bookmaker, you'll find him peering intently into the green glowing screen of an electronic gambling machine – feeding in £200, "a score at a time".

But this is not a young gambler blowing his meagre wages. James is a drug dealer and his interest in the bookmakers – and the fixed-odds betting terminals (FOBTs) in each shop – is all about laundering money. "That's what turns dirty money clean," he says. Dealers feed their drug money through the machines, losing a little and then cashing out with the vast majority of their stake, James says. They can then collect a printed ticket showing they have gambled that day – meaning that if stopped by police, they can answer questions about why an apparently unemployed young man carries hundreds of pounds in rolled-up cash.

www.theguardian.com/uk-news/2013/nov/08/gambling-machines-drug-money-laundering-bookies

Not your typical gambler.^^^^^
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User(s) who Liked this post: diamondgeezer

Fixed-Odds Betting Terminals (FOBTs) 09 Nov 2013 22:17 #4

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From the link in my op....
FOBTs are unique; they were categorised as B2 Gaming Machines in the 2005 Gambling Act, but they contain two categories of game content. Casino games are referred to as B2 and slot games are B3. Both types of games are capped at £500 maximum prize per spin. You can bet up to £100 per spin every 20 seconds on casino games (B2) and up to £2 per spin on slot games (B3). No other gaming machine allows such high speed, high stake play.

£100 every 20 seconds ffs.

Who here has noticed a large increase in betting shops on their local high street in recent years? Well these things are the reason why....they're opening up as many branches as they can because these machines are so profitable for them.

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