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High Stakes on the High Street


oresome

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You may have noticed that many shops are closing down on the High Street.

But not Betting Shops. They are multiplying due to a change in legislation made by the previous Labour government. The greatest density of Betting Shops is now in the poorest areas and the biggest money spinner is a fixed odds betting terminal than can accept bets of £100 every 30 seconds.

Gambling can be addictive and can ruin lives.

Do we need a nanny state to control what is good for us, or can we make our own minds up how we spend our money?

Harriet Harman now regrets the legislation passed by her Party. Wasn't the outcome fairly obvious?

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morddwyd

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At one time betting shops were round the corner with the mucky book shops (the books, not the shops!).

Now they;re front and centre on the high street with all the chrome and plastic of the banks and chain stores.

No wonder people get sucked in.

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wee eddie

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Betting on-line:

The Numbers/Cards/Whatever are created by a Computer and, one assumes that, that self-same Computer knows the number and nature of the Bets Placed.

I don't suppose that it takes a very complex piece of software to calculate the result that will give the Owner the maximum profit!

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interzone55

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wee eddie

If you're suggesting results may be fixed, they were doing that long before computers were on the scene

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interzone55

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morddwyd

The "mucky book" shops aren't hidden away any more either

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Forum Editor

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wee eddie

There would be little point in a gambling site running any form of game of chance if statistically the punters could come out on top over a given period. Fruit machines - for instance - are designed so that the operator can alter the pay-out percentage; the idea being that you set the payout just high enough to encourage people to keep playing.

Running a bookmaking business is similar - over a period the business must come out on top, and it does so because most bets are losing bets. Just sit there and accept every bet that the punters want to make, and you'll win. The caveat is that you are quick to spot when a single bet, or cluster of bets is potentially dangerous. When that happens you pick up the phone and lay off a percentage of the stake money with one of the big bookmaking business. If you get it right you will be in a winning position before the race even starts.

None of that constitutes 'rigging' in the illegal sense. What you are doing is protecting your position. What's the point of accepting bets from people if you are in the same boat as they are - you need to stay ahead to make it worthwhile.

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