What Is A Fixed Odds Betting Terminal (FOBT)?

One of the best things about gambling in the modern world is the accessibility of various casino games. 

For example, you can play traditional classic fruit machines or more advanced video slots with multiple paylines. In addition, you could also play land-based casino games, or have an active online casino account.

Another classic that continuously keeps punters entertained are Fixed Odds Betting Terminals or FOBTs.

Continue reading this King Casino blog post to find out what FOBTs can offer!

What Is An FOBT?

Fixed Odds Betting Terminals, or FOBTs, are electronic machines commonly found in betting shops. They’ve been in existence since 1999.

They operate similarly to electronic slot machines, where you can play games like video slots, virtual racing games, blackjack, or roulette. In addition, some machines also offer lottery-style games or bingo.

How Does a Fixed Odds Betting Terminal Work?

There are thousands of FOBTs in betting shops across the UK. Many gamblers enjoy them for the easy access and low stakes to play. For example, the maximum wager per spin is £2. The UK government lowered it from £100 to £2 in 2019 to encourage responsible gambling.

Fixed Odds Betting Terminals usually work in this way;

• Choose the game you want to play, e.g., roulette, blackjack, sports events, slots, etc.
• Key in your preferred bet to view the odds and payouts possible.
• If you win, you can collect your winnings instantly!

Are Fixed Odds Betting Terminals Random?

Yes, Fixed Odds Betting Terminals are random. They work similarly to most casino games because they operate using a Random Number Generator (RNG).

RNGs generate complex mathematical algorithms, which are responsible for creating random sequences of numbers leading to unpredictable outcomes in a game.

The system is behind the functioning of other popular casino favourites like slots, online card games, and more!

RNGs operate at astronomical speeds, so no mathematical genius or equation can compete. In slot games, the random numbers are assigned to the symbols/values in a given game. The numbers constantly change per second, ensuring fair play and unpredictable results for all.

Can You Win on FOBTs?

It’s possible to win on FOBTs as they offer games of chance. However, the goal shouldn’t be to win, but to have fun. Remember, the house edge always remains in play.

The house edge is designed to ensure that the bookmakers can make an average profit in the long run. However, many players still do win on FOBT games.

Instead of treating winning as the goal, consider FOBTs as a source of entertainment, not a means of profit. 

What’s The Maximum Stake on a Fixed Odds Betting Terminal?

The maximum stakes on a Fixed Odds Betting Terminals dropped from £100 to £2 per spin in 2019. Previously, one of the concerns that led to the move was the speed at which bets could be placed in an FOBT.

For example, if you played roulette at one of the machines, you could place a new bet around every 20 seconds. So, if you were betting the old maximum bet amount of £100 per game round, you could theoretically bet through £300 every minute. If you played for an hour, that could result in a total investment of £18,000!

Of course, these stats shocked many enthusiasts and gradually pushed the UK government to lower the maximum bet limits from £100 to £2.

*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to this slot game are subject to change at any time.