Malcolm: “I’m very very proud of the environment High Street bookmakers provide for problem gamblers… FOBTS are just one product… FOBTS do not add to problem gambling.”
A fixed odds betting terminal isn’t simply one product. It’s an entire casino serving one gambler at a time.
In a visit today to Paddy Power it was observed that in fact a FOBT is 135 different products available to gamble at stakes between 20p and £100.
They are the only machine on U.K. streets where it is possible to chase losses by increasing stakes from 20p stake slot games at an event frequency of once every 2.5 seconds to casino games at £100 stakes every 20 seconds.
Global research confirms that increasing risk is a predictor to eventual self exclusion.
This ability to increase stake at rapid event frequency is maximisation of harm.
Despite machine regulations which prohibit the use of bank cards to gamble on machines, FOBTS are the only machines in any land based venue which permit this.
Your debit card daily cash withdrawal limit is no barrier to excessive losses as Bookmakers circumvent this protection by making an over the counter “sale” and transferring the value to the betting terminal of your choice.
The only barrier stopping you is your overdraft limit.