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The Speculator

Terminal news for bookies

20 February 2014

3:00 PM

20 February 2014

3:00 PM

Hands up: who knows what a FOBT is? It stands for fixed odds betting terminal. No? Well, you should, because they are a serious menace to society. That’s what Ed Miliband says, anyway.

FOBTs, you see, are those souped-up slot machines one can find in bookmakers’ shops all over the country, especially in deprived areas, usually next to Poundland.

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