ThatFragranceGuy
Well-known member
They should bring back betting tax and stop all the advertising and sponsorship
Gambling tax already applies, but its paid by the operator. It's something like 15 or 20% of all profits.
They should bring back betting tax and stop all the advertising and sponsorship
I meant the punter.Gambling tax already applies, but its paid by the operator. It's something like 15 or 20% of all profits.
I meant the punter.
It's unbelievable that someone is allowed to gamble all their cash sitting in there front room and immor
Online casinos are the crack cocaine of gambling. They are highly addictive and, because there’s no physical handling of money (or even chips) it’s far too easy to think of the balance simply as a number, rather than your hard earned cash.
Also, people tend to misunderstand the maths behind them. Say you’re playing a slot machine with an RTP (return to player) of 95%. That means that if you stake £100 it’s most likely that you will get £95 back, right?
Wrong! The RTP is calculated over millions of spins and the likelihood of any 100 spins in that sequence equalling it is actually very small.
Also, a big part of the RTP is made up of winning the jackpot. If you’re not lucky enough to do that (and it’s a mathematical certainty that most don’t), then your personal RTP is much, much lower.
My advice is to avoid these things at all costs. And I’m talking from a position of personal experience here too.
My partners best mate lost £140,000 on online gambling trying to chase her losses. It grabbed hold of her so much that she stole the money to play. Her circumstances meant she avoided jail, but it shows how out of hand it can get.
Jesus, that's scary!My partners best mate lost £140,000 on online gambling trying to chase her losses. It grabbed hold of her so much that she stole the money to play. Her circumstances meant she avoided jail, but it shows how out of hand it can get.
Jesus, that's scary!
It would stop people putting big stakes on things that are heavily odds on as when you factor in the tax you can't winWhat would that achieve? most punters chose to tax their stake so it was only costing them a quid or two. It wouldn't put people off betting, in fact just make them potentially bet more to cover off what they're losing in tax.
Whilst that is true, the RTP only becomes an issue at larger stakes. You can successfully use RTP values to understand how likely you are able to make a profit out of an offer at minimum stakes. If you do minimum stakes on a 95% RTP slot you'd be very unlucky to lose much and could even turn a small profit, with the profit usually coming from the bonus on offer.
There definetly needs to be more deterrents, taxing is a good idea, or enforce a maximum limit that you can spend within 24 hoursIt would stop people putting big stakes on things that are heavily odds on as when you factor in the tax you can't win
When Saturday Comes too. Put the magazine in difficulty in the end, but commendableThose heartbreaking stories are why I once again turned down an offer for online gambling adverts on the fmttm sites.
Hey lost very brave of you to do that.
I could go on forever with my trials and tribulations with gambling. I’m still paying off £30,000 loan to get me out of my last mess and I have blown a lot more than that. I used to be a monitored customers in all betting shops. I have also been to GA.
Anytime you need some advice drop me a msg. I’m not shining example but I know what it’s like... probably way more than you got too as you have tried to stop way earlier
It would stop people putting big stakes on things that are heavily odds on as when you factor in the tax you can't win
This isn't what angers me with my friend who is a "gambler". I meet him on a Sat night and he'll tell me he has won £400 on the football that afternoon. I say well done, ask him what he'll spend it on and he tells me that £200 of it is on the Sunday games. Why?Christ that's mental mate, a friend of mine was playing online roulette and got up to 80 something grand, we went out to celebrate and by the following afternoon it was gone. Insane how it grabs people.
OK, stick a grand on a 1/10 shot. If betting tax is 10% you can't winno it wouldn’t? It didn’t before, why would
It now? People would just bet more to try and beat the tax. When gambling tax was in before people just took it off their stake. They’d just do the same. People will account for the tax in the amount they bet.
OK, stick a grand on a 1/10 shot. If betting tax is 10% you can't win