Tuesday, 10 August 2010

The betting shop end of an era ? or will fobts save the day?

Gambling In 2010
As Technology progress creating greater accessibility to things previously unthinkable the day of the betting shop maybe be drawing to an end.
For instance all the major opperators are strongly promoting there own individual betting websites due to the fact punters are able to bet twenty four hours a day seven days a week.Compared to the standard operating hours of your local bookie.

Web Based Gambling
With the running costs considerably less thess websites are also able to offer enhanced value for money be it in the form of better odds or even special bonuses like free cash for depositing money into your account.
Logisticaly Brick and mortar shops cant compete with there web based rivals. For example a shop has a variety of costs such as rent,wages,water bills,electic bills,phone bills and stationary just to name a few.
Now compare this with a standard website and you can see the major difference in cost.So should punters show a blind loyalty to there local shop staff or instead go with value and cold hard cash for removing personal customer service from the equation.7
There one saving grace for the time being is an elderly generation thats purplexed by modern day technology and have little choice but to walk 15 minutes to there local betting establishment.
But the next generation may not be as technophobic and the generation after that raised in a world of youtube and facebook will definatly show prefrence towards staying at home and placing a bet from their bedroom then go out and be forced to socialise with others.

Telephone betting
Another threat to the standard betting shop would be telephone betting.With its ease and accessibility you can see why.But telephone betting requires you to know exactly what you want as theres nothing visable where as its conterpart, Web based and shop based, Have Form,Papers,Odds and merchandising enticeing you to bet on the days latest sport bananza.
Telephone betting has been around just aslong as the first betting shop and is normaly an extra service the bookies have then a seperate branch. Unless you look at the big major companys who lately have been re evaluating its companys position on telephone betting and have decided to move to tax havens such as Gibralta.

Fobts
With the introduction of Fobts(Fixed Odds Betting Terminals) the bookies have been given another lifeline in the form of terminals that allow users to play roulette and blackjack amongst other things like slots.
The biggest asset to a brick and mortar betting shop is physical cash.You walk into a betting shop put whatever money you find upon your person all on your lucky number and when that number shows why its lucky and wins you go and collect cold hard cash.
now in the other instances you'd have to wait the standard two to five working days for your funds to be credited back to your account. As the old saying goes Money talks. Id rather walk out a bookies with a small fortune in my pocket and have thats instant gratification then wait five working days to see some different digits on my bank statement.

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