Winnings: Losses and Environment

winnings: Gambling has always been a vice for people with either enough disposable income that only the winning counts or for those drawn in by the promise of quick financial gain, according to The Guardian. But there is something sinister about FOBTs, in that they have increased access to quick winnings or losses on the high street, creating an environment more like a miniature casino. I've seen it happen during my 12 years as a bookmaker branch manager. More training time was given to the launch of a new FOBT product than to social responsibility awareness Now bookmakers blame stricter regulation of FOBTs for the anticipated closure of about a quarter of betting shops. Take a walk down your local high street and you may well find multiple outlets of the same company not far from each other often the shop has a surface area much larger than is needed for its customer base. In my experience, the machines account for about 50% of the profit in a typical branch of a high-street bookmaker, and in some cases much more. (news.financializer.com). As reported in the news.