Fixed odds betting terminals, also known as FOBT, are electronic slot machines you can commonly find inside betting shops. They allow bettors to have a go on bets with fixed odds, which is where they got their name from.
If you haven’t had a chance to play fixed odds betting or you would like to learn more about how it works, keep reading because we are going to explain all about it below.
Fixed Odds Betting Basics
Fixed odds machines are very common in the UK and other parts of Europe, but they can be seen all around the world as well. Most often, they offer fixed odd bets on roulette, which is one of the most popular casino games out there. However, you can find machines that also offer simulated horse racing, simulated greyhound racing, bingo, and so on.
Return to Player
By law, fixed odds betting terminals need to display the percentage of return to player. Most often, the RTP is between 90% and 94%, sometimes even higher. For example, the RTP in roulette is usually around 97%. This means that for every £100 you bet on the machine, the house will earn £3, no matter what.
That percentage comes into effect over a large number of rounds. However, since the gameplay is pretty fast on these machines and bettors usually end up playing multiple rounds, these shops make a decent amount of money from them.
Different Types of FOBT
As you might suspect, there are many different types of fixed odds betting terminals. At first glance, you can notice that they are physically different and they offer different types of games. However, they provide different levels of games as well.
B2 FOBTs are only available at betting shops, casinos, or racing tracks with pool betting. Their maximum stake is £100, while the maximum prize is £500.
Category B3 FOBTs are available at betting shops, casinos, racing tracks with pool betting, adult gaming centers, and bingo halls. Their maximum stake is £2, while the maximum prize is £500.
Category C terminals are not as popular as the first two types since their maximum stake is £1, which means they will not earn a lot of money for the shops.
Fixed odds betting and fixed odds betting terminals are very popular among bettors because of their convenience and practicality. Nevertheless, they are surrounded by certain controversy caused by the fast gameplay that led some players to end up spending a lot of money on them. However, as long as you play responsibly and with moderate stakes, it shouldn’t cause any problems.