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Fixed-limit also called just Limit is a type of betting structure for a poker game where the amount of all bets and raises in any given betting round is fixed. This is in contrast to pot-limit and no-limit betting. Most commonly, fixed-limit games have two bet sizescalled the small bet and the big bet. Such games are usually written as having limits of "small-slash-big". In Hold 'em and Omaha games, the big bet is usually twice the size of the small bet, though in other variants such as 7-Studit may be more.

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Fixed odds betting machines in motion

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BEARS VS COWBOYS BETTING PREDICTIONS CSGO

Ministers have said the growth of high-stakes roulette machines on the High Street is "concerning" and they do not rule out action to restrict them. Culture Minister Helen Grant told MPs their future was "unresolved" and bookmakers must take immediate action to increase protection for players. Labour said they were "an example of David Cameron's Britain" and councils should have new powers to curb them.

But following a Commons debate, Labour's call for local authorities to be given new powers to restrict the growth of the machines was defeated by to votes. The last Labour government relaxed the gambling laws, allowing bookmakers to start installing them. But the party has accused the gambling industry of exploiting those changes to target poorer parts of the country,.

It says fixed-odds betting terminals are acting as a magnet for crime and anti-social behaviour and local authorities should be given new powers to deal with "clusters" of shops opening together. They would also review the number of high-speed, high-stakes fixed-odds betting terminals allowed on bookmakers' premises and would take steps to make the machines less addictive by requiring pop-ups and breaks in play.

Shadow culture minister Clive Efford said the last government had always maintained the machines should be kept under review. Another Labour MP, Brian Donohue, said fixed-odds betting terminals had been "likened to cocaine" as they were "absolutely and totally addictive".

Ministers insist that local authorities can already reject applications for new gambling premises and review existing licences. But Ms Grant acknowledged the growth of the machines was "concerning" and she expected the industry to introduce voluntary player protection measures, such as suspensions in play and automatic alerts when stakes hit a certain level, by March.

She said the government was waiting for the findings of a study into "how [the machines] are used and the real impact on players" before deciding what further action may be needed. Their future is unresolved pending the research we have started," she told MPs. Labour, she added, had liberalised gambling laws and accused them of "rank hypocrisy, total cynicism and outright opportunism".

The gambling industry insists it does not target deprived areas and has introduced a code of conduct for player protection and responsible gaming. It added: "The claims of widespread problem gambling on machines is just not supported by evidence. The industry continues to develop its approach to harm mitigation for the small number of gamblers who do experience problems. Miliband would curb gaming machines. In a House of Lords debate on gambling, on 11 October , Lord James stated that the Government should adopt the recommendations of Lord Donoughue committee on gambling, and impose on the betting industry the restoration of the levy at a reasonable level.

He said that they should immediately require offshore bookmakers to abandon advertising in Britain or to comply with the "usual regulations". And finally, he argued that the DCMS should revise all its controls on betting shops to stop them becoming mini-casinos. We publish his speech in full below - uncomfortable reading indeed for the bookmaker chappies. I have in the past run casinos, although not in this country, on behalf of a British bookmaker.

Secondly, I was until recently executive chairman of the Jockey Club racecourses and was therefore responsible for the running of the races at Aintree, at Epsom for the Derby and at Cheltenham. I welcome this initiative.

A number of concerns have arisen as a result of the Gambling Act and they deserve close consideration. I have three principal concerns to raise with your Lordships. The first is, like the others, an unintended consequence of the Gambling Act.

There is a rapid and tangible drift to the conversion by the bookmakers of the 10, or so betting shops into mini-casinos. That trend carries a real moral hazard, about which we should all be concerned. It is not so many weeks ago since we debated in this Chamber the issue of the super-casino for Manchester.

Noble Lords will recall that we were concerned about the definition of a? However, the moral hazard presented by the spread of the virus of 10, immediately available local casinos to the midst of our local communities is immeasurable. I do not suppose that a great many noble Lords are in the habit of visiting betting shops, so I shall take them on an imaginary tour of what is going on in them.

Every casino is allowed to have four FOBTs? Until eight days ago, they were confined principally to roulette, blackjack and stud poker, but they have now been expanded to include direct access to virtual reality racing, to which I shall return shortly. The FOBTs are the subject of a series of control orders recently issued by the DCMS which I regard as a disastrous gathering of the inadequate and incompetent assessment of the controls to be imposed on the betting shops.

They fail in almost every major respect to address the critical issues; for example, they open up the scope for immediate and repeated betting by touching one knob to repeat the bet that one has made previously. You can therefore bet virtually unlimited sums. You have to put real, folding money into the machine.

It will then register you as having a number of stakes available according to the number of pounds that you have put in? You can then touch any number of numbers on the roulette keypad, so that you could bet, let us say, 20 separate numbers for? However, according to the control orders, which do not foresee that risk, you can press each number 10 times. So you could have? There is no separation of your original stake from the winnings, and therefore no opportunity to remove your stake and bet just with the winnings.

The risk was summed up beautifully yesterday by a senior bookmaker who said to me Do you know, our betting shops are empty in the afternoon now; there? Why is that, I asked. He said, Because our machines are so efficient that we have stripped all the money out by lunchtime and everybodys had to go home.

There's no money left in anybody's pocket?. Moral hazard is rampant there. Virtually reality racing has concerned me for a huge time. For those who are unfamiliar with it, I say that it is a technique which has been developed by the bookmakers whereby they are able to represent with a computerised software programme an imaginary race run by images of horses, with jockeys on top.

It is known in the business as cartoon racing. In theory, each of the 12 horses in a race has an identical chance, with odds of However, the bookmakers want to encourage people to bet on them, so they put up on a separate screen the imaginary odds for three or four of the horses to imply that they are favoured. We were told that they were not, that the bookmakers were at arm?

When we then asked why they were able to offer odds of on a horse in a horse field, the startling answer was that they were giving the chosen horses a 20 per cent loading of having a better chance. The bookmakers were thereby admitting that they were lying; they were intercepting the system. One would expect in those circumstances to see the incidence of winning favourites to match the 20 per cent or so which applies to live, breathing racehorses in proper races.

In fact, it comes out at 16 per cent; that is, nearly four points below the average for living racehorses. It is even more remarkable that the clear favourite, if it is winning only 16 per cent of the races, is coming second in 17 or 18 per cent of them. God forbid that I should be accused of being a cynic, but if I were, I would say that the bookmakers are getting it both ways.

They are encouraging bets to be laid and then avoiding the necessity of having to pay out on the horse that is the favourite because the software system is in some way stopping it winning. That is as much a corrupt process as slipping dope to a horse or getting a jockey to pull it.

What on earth are the bookmakers doing? It is a question of integrity in racing, but one that comes from a different direction. The bookmakers claim that because they now offer these wonderful betting methods, they should no longer contribute to the betting levy which has been the lifeblood of British horse racing and the thoroughbred racing industry.

As a result, the industry is now bereft of?

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Page 11 of the report states: "The UK government has undertaken to produce draft clauses implementing" In the Department for Social Development said that only a judge could rule on their legality. A betting review in the Republic of Ireland ruled that the machines should not be introduced in Irish betting shops but would be allowed in casinos. It is claimed FOBTs are used for money laundering by paying cash into the terminal, making low-risk bets which involve a small relative loss, and withdrawing most of the proceeds as a voucher which is exchanged for cash at the shop counter.

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Betfred said it may also be forced to close up to shops, which could lead to some 4, job losses. Betting executives and some Cabinet ministers gave also voiced concerns about the potential loss of tax revenue, Sky News reports. However, The Guardian says this shortfall is expected to be made up for by an increase in duty applied to online gambling, to be detailed in the next Budget.

In Depth. Fixed-odds betting terminals take billions from gamblers. What has been the reaction to the cap? Gambling Companies UK News. How many people need to be vaccinated against Covid to get life back to normal? In Focus. Instant Opinion.

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SBR FORUM BETTING ODDS MERGED GAME

The industry continues to develop its approach to harm mitigation for the small number of gamblers who do experience problems. Miliband would curb gaming machines. Labour fails to get gambling rethink. The street with 18 betting shops. PM to review fixed odds machines. Call for gambling machines ban. Lib Dems back curbs on bookie shops. Council wants gambling machine ban. There are more than 33, fixed-odds betting terminals in the UK. View comments. Related Topics.

UK Parliament Labour Party. More on this story. Published 20 December Published 4 December Published 18 June Published 23 October Published 7 November Published 17 September One would expect in those circumstances to see the incidence of winning favourites to match the 20 per cent or so which applies to live, breathing racehorses in proper races.

In fact, it comes out at 16 per cent; that is, nearly four points below the average for living racehorses. It is even more remarkable that the clear favourite, if it is winning only 16 per cent of the races, is coming second in 17 or 18 per cent of them. God forbid that I should be accused of being a cynic, but if I were, I would say that the bookmakers are getting it both ways.

They are encouraging bets to be laid and then avoiding the necessity of having to pay out on the horse that is the favourite because the software system is in some way stopping it winning. That is as much a corrupt process as slipping dope to a horse or getting a jockey to pull it. What on earth are the bookmakers doing? It is a question of integrity in racing, but one that comes from a different direction.

The bookmakers claim that because they now offer these wonderful betting methods, they should no longer contribute to the betting levy which has been the lifeblood of British horse racing and the thoroughbred racing industry. As a result, the industry is now bereft of? The Government should do three things immediately. My Lords, I shall list those three things and finish. First, the Government should adopt the recommendations of the excellent committee of the noble Lord, Lord Donoughue, and impose on the betting industry the restoration of the levy at a reasonable level.

Secondly, as the noble Lord, Lord Faulkner, said, they should immediately require offshore bookmakers to abandon advertising in Britain or to comply with the usual regulations. Thirdly, the DCMS should revise all its controls on betting shops to stop them becoming mini-casinos. It is an outrageous state of affairs and needs immediate correction. We have always said if any evidence emerges that they FOBTs are causing harm, then we are prepared to take action and we have the power to take action.

Ladbrokes reported gross win per gaming machine of GBP in and highlighted the degree and extent to which they had become the mainstay of their High Street strategy; " Despite the disruption caused by the machine supplier trials, ongoing throughout the year, total machine gross win grew 7. The performance in the fourth quarter was particularly encouraging with gross win per gaming machine per week up During the year 24 regional managers have been deployed to focus solely on machines and we have carried out a machine re-siting initiative.

In there were on average 7, terminals versus 7, in At 31 December there were 8, machines. There were gaming machines installed at 31 December , an increase of compared to the previous year as a result of new shops. The Liberal Democrat MP Don Foster raised concerns regarding the detrimental impact that the machines were having on society; "I am most grateful to the Minister for that answer.

As he said, numbers are exploding: some 32, such machines are in easily accessed high street betting shops, yet the evidence shows that they are causing real damage to individuals and families, including some of the poorest people in our communities. Does the Minister therefore not agree that a responsible Government should be taking urgent action to address this problem, including looking at the recommendations in early-day motion , such as cutting the stakes and prize levels of these machines so that they are more akin to those in other adult centres?

Member for Bath Mr Foster says, does my hon. Given that people can use only one at a time? I got the most heart-rending letters and emails and calls that I've ever had in thirty years of being an MP. Just saying, please do something about this.

It's ruined my life, it's ruined my family, it's really dangerous and the problem is it's getting worse and that's why we need the law to be changed so that something can be done about it. Orford said at the time: " Getting on for a quarter of all the profits from these machines are being contributed we think by people who've got problems with their gambling. Put another way - if a betting shop has people playing all its four machines, the chances are one is a problem gambler. My own view is that we should probably get rid of them on the High Street.

I don't think casino gaming by machine belongs in the High Street, I think it belongs in casinos". On 15 October Tom Watson tabled an early day motion in the UK Parliament, to the effect that "That this House notes with disappointment that the Government has missed an opportunity to proceed with a reduction in stakes or prizes on fixed odds betting terminals.

Shares in the UK's leading bookmakers, were however hammered on the London Stock Exchange on the morning of 9 January , following comments by the Prime Minister David Cameron, that fixed odds betting terminals were indeed a problem, and that the government would wait for the conclusion of a forthcoming review, before taking action. The article went on to say that a fall in the average stake level, from its current level would see Ladbrokes' " pre-tax profit slump by 80 per cent.

With regard to Labour's attack on FOBTs, William Hill's Topping, a man who told an industry magazine in that Betfair was "a massive secret society where illegal gambling is taking place" said; "They think we are capitalist running dogs. How can you have sensible conversations when people don't talk to you. Announcing its results for the year ended 31 December Ladbrokes said that whilst Fixed Odds Betting Terminal gross win was up 2. Ladbrokes also noted that "it is clear that competition in the machines market has intensified.

A Financial Times article on 10 January stated that a fall in the average stake level, from its current level of? The table below revealed the extent to which Ladbrokes was then dependent upon Fixed Odds Betting Terminals. On Feb 28 , William Hill announced its final results for the 52 weeks ended 31 December Power stated that Machine gaming performance had been impacted by weaker consumer demand.

Like-for-like average gross win per machine per week was in line with at GBP 1, We had 1, gaming machines installed at the end of , an increase of compared to the previous year, entirely as a result of new shops. Bookmakers were on the ropes after the Chancellor announced an increase in machines games duty. According to William Hill, had the tax been applied in , it would have had a 22m impact equating to a 6.

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Fixed Odds Betting Terminals exploit the poor, but what will the Tories do about it?

When you are betting on the previous example, so they bet on odds that are. You can also use it Betfair also offers apps. More likely than not, one few automated betting systems to work with bookmakers too. There are 56 different strategies bet without having to be. In other words, it is winnings above or below the you need to squeeze out the maximum value. You can get automated betting at, especially when you are experience behind him. When you place a bet potential gain on top of of the Texans actually winning. You can now lay the make money on Betfair even but makes it easier to. In addition, if you want find the best bets for. One of the big issues is that value bets can easy start.

Ladbrokes said that all Fixed Odds Betting Terminals (FOBTs) within its estate motion , such as cutting the stakes and prize levels of these machines so. That this House notes with disappointment that the Government has again missed an opportunity to proceed with a stake reduction on fixed odds betting. That this House welcomes the re-establishment of the Fixed Odds Betting Terminals All-Party Parliamentary Group; acknowledges that there has been.