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FOBTs

Modric THFC said:
Its not exactly a con but people believe they are gambling based on how they think the game works when in fact it works another way.
The problem is it the psychological trickery that goes into this. It really is about manipulating the psychological triggers for addiction.
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A con then. Or people are just stupid.

I wonder what the payout percentages are of these online slots etc. Cannot be very high at all.

I've played online roulette/slots/deal or no deal games and the like on various different betting sites and have only usually won something after losing a fair chunk beforehand. No coincidence. The classic one is when these sites give you a "free bet" to use on their games. You will always win something in the hope you lose that and then deposit your own cash...that's no coincidence either is it
 
WV1YID80 said:
Maximum profits says otherwise.

It's like a fruity in a pub,It'll drop you a jackpot when it's ready to. Look at the amount of money people lose on these machines,they can't all be unlucky.

Online roulette too. 1 big con. Virtual football,virtual dogs etc...con.
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Er no, it's not that they are unlucky, it's that the odds are hugely stacked against them.
 
WV1YID80 said:
I know. That's my point - as in the machine will pay out when it's had enough in it to do so
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I don't think you quite understand odds..


If they are 35-1 it doesn't mean they will pay out once every 35 games.. (as an example)


There is no amount you can pay in to have a definite win.


Then again i might just be getting confused by the way you are wording it..
 
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Course I understand odds :lol:

The same way I understand if you play a fruit machine that has a 78% payout,you won't necessarily win 78 quid for every 100 you put in.

I'm merely saying all the machines will payout when they can afford to do so. Playing on a table in a casino is not the same as playing one of these roulette machines. In a casino it is pure luck,these machines are not.

You could win a grand on 1 spin in the casino and then win a grand on the very next,and the next etc if you obviously pick the right number. You win a grand on a spin on one of these machines,you are NOT winning it again unless it has been pumped full. They are rigged and it is all about timing. The same way as playing a fruity that has just dropped a jackpot repeat is not a good idea.
 
WV1YID80 said:
Maximum profits says otherwise.

It's like a fruity in a pub,It'll drop you a jackpot when it's ready to. Look at the amount of money people lose on these machines,they can't all be unlucky.

Online roulette too. 1 big con. Virtual football,virtual dogs etc...con.
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No, you don't understand. If the machine pays out to the correct odds of roulette, then this system has absolutely no effect on profit.

As for your 'they can't all be unlucky', you're right. They aren't unlucky, they're idiots. The house always wins because they pay out less than the odds of something actually happening. For example, you get an evens bet on red or black, but the green number means the odds of winning are actually less than evens. That means if you play for long enough, you will lose everything. That's how the odds work.
 
WV1YID80 said:
I'm merely saying all the machines will payout when they can afford to do so. Playing on a table in a casino is not the same as playing one of these roulette machines. In a casino it is pure luck,these machines are not.
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This is where you're getting confused between long term and short term odds. These machines play the long term odds over millions of spins, they can afford for it to be random the way a casino can over the long term. They can always afford it because the odds are in their favour.

Fruit machines are a different prospect, because they quite literally can't pay out if they don't have enough money in them. These FOBTs in betting shops don't pay out in the same way because you grab your ticket and head to the counter for the money.

Pretty sure I've won on a fruity once when it had no money in it and I didn't get my payout. Was quite tinkled.
 
OK. I personally think they're rigged. I think anything virtual is rigged. Maybe I'm just cynical. Nobody will ever know if they pay out to the odds of roulette over a million spins or whatever as they will be brassic long before that.
 
And fruit machines are evil in the way that they pay out in £ coins, rather than notes. You are far more likely to put the coins back in the machine than you would be to re-invest the notes. Why?

Because you can start by putting in £1 and hoping that it repeats or that it's only £1 and so you don't mind losing it. This mindset then sees you re-invest £ after £ and often lose all your money again.

With notes, you can just leave, often relieved to have clawed your money back from the brink of losing a lot.

Plus, even if you walk away, you have pockets full of £ coins which are not useful to anyone :/ and instead annoying.
 
a myth...?

Commenting on the report, its author Christopher Snowdon, said:
“Those spreading moral panic about fixed odds betting terminals are guilty of gross misrepresentation of the facts. There is no empirical evidence linking problem gambling to these machines, but they are clearly popular with many people. It makes no sense to ban these games in licensed betting offices when they can be played on any computer or mobile phone and doing so may simply push people into the black market.”

full report (pdf file)
 
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Most betting shops you go into there is swathes of people and waiting lists to use these machines. Play them from time to time myself and can see how easiy additive they are.
 
spitshine said:
Most betting shops you go into there is swathes of people and waiting lists to use these machines. Play them from time to time myself and can see how easiy additive they are.
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Seriously? A waiting list to play a machine in a bookies? That is pathetic :lol:
 
WV1YID80 said:
Well if you meant a queue,say a queue ;)

That is equally as pathetic though.
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And not just a single file one either

Most bookies ive been to in the last couple of weeks - always one in Canary wharf, camden the other day there were three bookies in the space of 50 metres and all 4 terminals in those bookies were crowded

I've seen first hand people comng in with full wallets and use every last note to claw back losses
 
I haven't been in a bookies for a quite a while now (Do all my betting online) and it was never that bad in any of the ones I used to go in. More often than not you'd have been able to get on them if you wanted. Really don't understand the fascination with them. I do like a game of roulette but would much rather go to a casino and have a drink whilst I lose my money rather than have a load of knobheads peering over my shoulder.
 
WV1YID80 said:
I haven't been in a bookies for a quite a while now (Do all my betting online) and it was never that bad in any of the ones I used to go in. More often than not you'd have been able to get on them if you wanted. Really don't understand the fascination with them. I do like a game of roulette but would much rather go to a casino and have a drink whilst I lose my money rather than have a load of knobheads peering over my shoulder.
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FOBTs aren't roulette though. Roulette is illegal outside a casino.
 
Wiki says:

A fixed odds betting terminal (FOBT) is an electromechanical device normally found in betting shops in the United Kingdom that allows players to bet on the outcome of various games and events with fixed odds. They were introduced to UK shops in 2001.[1]

The most commonly played game is roulette.
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Roulette is roulette whether a table is involved or not so my point still stands. I,personally,would rather go and play on a table as opposed to a machine surrounded by tacos
 
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