philinvicta

Online Stake Restrictions

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The Gambling Commission has committed itself  to reviewing online stakes within 6 months and to see if they should be reduced.   A lot of gaming company shares fell  heavily today after this was announced as there are fears that maximum stakes could be reduced to a very low amount similar to FOBTs.   A lot of MPs are still pushing this agenda very hard

Article from Racing Post

https://www.racingpost.com/news/latest/gambling-stocks-fall-after-news-online-stakes-may-be-curbed/422850

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You can still lose a fortune at £2 a spin online 

Wouldn't be surprised to see rtps reduced to compensate

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I think this is a great idea. Protection for people who can’t maintain control. Especially as it’s the norm for streamers now to stake in excess of £10 a spin. I’m sure many gamblers have been influenced in some way shape or form by a streamer 

Edited by Gkell727
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I think it’s a shit idea, and I don’t even play at high stakes anymore. 

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For me I just don't think its needed for all the checks that now go on, gamstop is now in place, the responsible gambling tools in place, casinos being fined and checked up on, its a very different casino world to a year ago.

If stakes were to be reduced then it may put some off but on the whole I don't see it actually helping problem gamblers, like David said at £2 you can still get rinsed. 

And where do they stop the line, sports bets capped, no more 1million pound poker entries? If not then surely those problem gamblers they are trying to protect will just more on to those?

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1 minute ago, RB91 said:

I think it’s a shit idea, and I don’t even play at high stakes anymore. 

I’ve seen some slots go up to like £1,000 a spin. It’s just asking for problems in my opinion. 

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This will happen sooner or later as you can't have one rule for bricks and mortar and another rule for online. 

The only ones that will survive will be the ones with a good sports book and maybe one or two of the biggest casinos, eg videoslots. 

I'd go further and actually ban all games of chance 

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2 minutes ago, Rocknrolla said:

For me I just don't think its needed for all the checks that now go on, gamstop is now in place, the responsible gambling tools in place, casinos being fined and checked up on, its a very different casino world to a year ago.

If stakes were to be reduced then it may put some off but on the whole I don't see it actually helping problem gamblers, like David said at £2 you can still get rinsed. 

And where do they stop the line, sports bets capped, no more 1million pound poker entries? If not then surely those problem gamblers they are trying to protect will just more on to those?

But poker and sports by large are determined my some degree of skill thus evening out the playing field. 

Slots, roulette etc do not. These games you absolutely can not win at, so I agree with mitigating the harm they can do. 

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3 minutes ago, Gkell727 said:

I’ve seen some slots go up to like £1,000 a spin. It’s just asking for problems in my opinion. 

£100 spins on good old rainbow riches weren’t uncommon for me at one point. £1000 is excessive, I completely agree with that. But something like a £2 max spin is a joke in my eyes.

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Also these casinos do themselves no favours 

Ie getting around the bonus buys by bringing out another bonus buy game. 

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I genuinely believe that these steps are only being taken because of pressures from outside sources.

Gambling has got pretty much out of control so they have to be seen to do something.

I'm not sure what will work as casinos find a way round restrictions as we've seen with bonus buys

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1 minute ago, Miller26 said:

But poker and sports by large are determined my some degree of skill thus evening out the playing field. 

Slots, roulette etc do not. These games you absolutely can not win at, so I agree with mitigating the harm they can do. 

But not to a problem gambler they'll gamble on anything especially if its all about the stakes, majority of pros are pros because they have that control, just because there's an element of skill involved it won't help someone that has no control. 

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2 minutes ago, david1111 said:

I genuinely believe that these steps are only being taken because of pressures from outside sources.

Gambling has got pretty much out of control so they have to be seen to do something.

I'm not sure what will work as casinos find a way round restrictions as we've seen with bonus buys

Gambling has only been legal in this country for probably 50 years. By large it ticked along nicely for the first 35 of those. Labour have a lot to answer for with softening up the gambling laws in the early 2000s. 

If there is deemed too much harm being done by gambling, its our governments duty to act in such a way to mitigate it. 

 

I don't have a taste for heroin but should it become legal because it doesn't effect me? 

 

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Another problem is that if you restrict gambling so much it will just end up going underground which will be completely unregulated and run by criminals

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2 minutes ago, Rocknrolla said:

But not to a problem gambler they'll gamble on anything especially if its all about the stakes, majority of pros are pros because they have that control, just because there's an element of skill involved it won't help someone that has no control. 

OK I get your point but who can actually say they have control spinning a slot at say £10 per spin? 

Bring back the good old days I say, when bookmakers actually took a risk as well as the punter. These slots are like printing money for the casinos. 

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Just now, david1111 said:

Another problem is that if you restrict gambling so much it will just end up going underground which will be completely unregulated and run by criminals

Your beginning to sound like a casinomeister forum member David 😁

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Does anyone know the stats around the 'normal' stake? I mean, do only say 20% of gamblers bet above the proposed £2 max? I can count on one hand the number of spins I done at £2 over the years. To me that is  massive stake, and you can lose thousands very quickly. How many people have a say £500 budget and think, Ill do 25 spins at £20? Can't be a lot surely?

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Just now, Miller26 said:

Your beginning to sound like a casinomeister forum member David 😁

Has there been a similar discussion on there

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Just now, david1111 said:

Has there been a similar discussion on there

Tons and tons of them mate. There are a lot of affiliates in there and they always argue the case of it going underground. 

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3 minutes ago, 1pstaker said:

Does anyone know the stats around the 'normal' stake? I mean, do only say 20% of gamblers bet above the proposed £2 max? I can count on one hand the number of spins I done at £2 over the years. To me that is  massive stake, and you can lose thousands very quickly. How many people have a say £500 budget and think, Ill do 25 spins at £20? Can't be a lot surely?

The biggest spins I've probably ever done were around the £5 to £6 Mark mate. Most wre done around the £1 to £2 Mark. I consider myself to have quite a large disposable income and I couldn't sustain to for more than a couple of sessions per month. 

 

 

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2 minutes ago, Miller26 said:

Tons and tons of them mate. There are a lot of affiliates in there and they always argue the case of it going underground. 

Ah yeah, them lot have their own agenda though

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Just now, Miller26 said:

OK I get your point but who can actually say they have control spinning a slot at say £10 per spin? 

Bring back the good old days I say, when bookmakers actually took a risk as well as the punter. These slots are like printing money for the casinos. 

But it depends, to me the stakes aren't the big issue.

If we say we have 2 rollas both have a 1k gambling budget for the month which is expendable after bills and affordable, both know the score with slots and aren't chasing a win as they need money. Rolla A spends it over the course of the month at 50p a spin on slots, he losses but doesn't redeposit till next month. Rolla B puts his 1k on one spin of roulette, loses but also doesn't redeposit till the next month. Which one is irresponsible as to me they are both the same

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4 minutes ago, Rocknrolla said:

But it depends, to me the stakes aren't the big issue.

If we say we have 2 rollas both have a 1k gambling budget for the month which is expendable after bills and affordable, both know the score with slots and aren't chasing a win as they need money. Rolla A spends it over the course of the month at 50p a spin on slots, he losses but doesn't redeposit till next month. Rolla B puts his 1k on one spin of roulette, loses but also doesn't redeposit till the next month. Which one is irresponsible as to me they are both the same

That's a fair point, if you stick to a monthly budget it doesn't matter how you spend it. 

On the flip side someone like myself couldn't walk away when losing

Edited by david1111
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1 minute ago, Rocknrolla said:

But it depends, to me the stakes aren't the big issue.

If we say we have 2 rollas both have a 1k gambling budget for the month which is expendable after bills and affordable, both know the score with slots and aren't chasing a win as they need money. Rolla A spends it over the course of the month at 50p a spin on slots, he losses but doesn't redeposit till next month. Rolla B puts his 1k on one spin of roulette, loses but also doesn't redeposit till the next month. Which one is irresponsible as to me they are both the same

2 Rolla's bloody hell champ. 

In all seriousness I get your type of gambling in it being all in and hope you hit it big. Most gamblers including myself never have the balls to do it but it does make much more sence to do it that way as slots and roulette will always get you long term. 

 

Its why your gambling is good and bad to watch in equal measures and why certain streamers spinning £2 all day is boring as fudge. 

 

I've gone off the subject a bit 😁

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Something to also note is if a proper £2 max bet stake restriction came in you would seldom ever be able to be in the positive as the RTP would see to that, it would almost not be gambling anymore and be like a dictatorship on what to do with your expendable money that you choose to spend on entertainment by gambling.

I was hoping Brexit might bring back some of the old England where a man has to be a man and not a total snowflake, my Grandad once told me you can only protect a man from himself so much, the rest is up to them.

The UKGC should remember that a fool and his money are easily parted, it's not just gambling that you can spunk money on, I wouldn't be surprised if people start to take up drugs like the 90's in a bid to actually have some fun without being told what to do.

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