Pinnacle Sports Betting

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Pinnacle launches interactive ‘Betting Tools’ Pinnacle.com gives bettors yet another edge with interactive Bet Calculator, Odds Converter, Margin Calculator & Arbitrage Calculator” London, 13th June 2017 Pinnacle prides itself on giving bettors the most competitive odds and high limits on all popular sports. This is part 1 (one) of a 4 (four) part series on Pinnacle Sports. Part 2: Pinnacle Sports Creators Part 3: Pinnacles Low Juice High Limit Advantages Part 4: Todays Pinnacle. Pinnacle Sports is. Pinnacle has a reputation for offering the best betting product worldwide - Pinnacle Solution partners have access to this product and the benefits it offers. Award-winning esports offering At the forefront of esports betting since our trading team took its first esports bet in 2010. Pinnacle is widely regarded as the number one sports betting site online. From Soccer and American Football to Horse Racing and Cricket, Pinnacle has you covered with the most sports bets online. Not only does it have the most sports, it has great In Play Betting, giving you more options all the time!

Pinnacle (formerly known as Pinnacle Sports) is an online gaming website that was founded in 1998. Since its inception, Pinnacle has become a medium-sized, fully licensed, online sportsbook. Pinnacle Sports rebranded to Pinnacle on June 1, 2016^[1] after acquiring the pinnacle.com domain name.^[2]

Presently, the company has customers in over 100 countries and is available in 19 (including international English) different languages. While most of the company information, including number of employees and gross revenues are kept private, Michael Konik, author of The Smart Money, believes 'it would not be out of line to guess that their [Pinnacle Sports] annual handle is in the billions of dollars.'^[3]

Pinnacle headquarters are located on the island of Curaçao of the Kingdom of the Netherlands, and the group is fully licensed and regulated by the Government of the Netherlands Antilles (license number: 8048/JAZ2013-013),^[4] which also functions as the regulating body for the gaming industry. On March 19, 2015 Pinnacle announced the award of a Class II Remote Maltese Gaming Licence,^[5] MGA/CL2/1069/2015 for the provision of sports betting.

Regulation requires that Pinnacle must maintain sufficient funds to be able to honour the winnings of their customers at all times.

Reduced margin pricing[edit]

When Pinnacle began trading in 1998, most gaming companies used bonuses to lure potential customers. Rather than offer sign up or reload bonuses, Pinnacle became the first sportsbook to introduce a reduced margin pricing model or reduced juice, thus deriving profit from lower margins but a far higher turnover. Pinnacle began offering -105/-104 ($1.95-$1.96) prices on head-to-head match odds and spreads, significantly undercutting the standard -110 ($1.91) pricing model that was used by its competitors.

Pinnacle is able to operate under this pricing model by posting opening 'overnight' lines with smaller limits. This allows Pinnacle to shape their lines according to the betting activity of 'sharp' bettors without exposing the book. These early, low limit bets ultimately allow Pinnacle to offer betting limits with confidence as high as $50,000 or more on selected games with their low margin pricing model.

In an episode of The Sopranos, Tony is informed by a hospital neighbor (a shot rapper) that the neighbor got down a $50,000 bet on a boxing match they were watching at favorable odds from 'Pinnacle, man...Pinnacle!'

Casino[edit]

Although Pinnacle is best known for its sports betting service, Pinnacle has also operated an online casino since September 2004.

The site offers the following casino games, in cash, high-stakes cash and a free play format:

• Oasis poker
• Hold’em poker
• Three card stud poker
• Single line slots
• Multi-line slots
• Progressive slots

Poker[edit]

In August 2008, Pinnacle entered the online poker realm, in hopes of taking advantage of the online poker phenomenon. Pinnacle’s poker room was run and operated by Entraction software. The same poker network is used by other online gaming websites, such as Betdaq, I4Poker and Redbet.^[6]

In June 2011, Entraction informed Pinnacle that due to changes in EU gaming regulation their Curaçao license was no longer accepted. Pinnacle closed their poker room on 13 June 2011 stating “the steps required to remain within the Entraction Network will necessitate a significant commitment for Pinnacle Poker. Given that our current focus is on developing our leading Sportsbook and Casino products, we have decided not to pursue the necessary changes.^[7]

eSports[edit]

In 2010, Pinnacle was one of the first global bookmakers to offer odds on eSports. What began initially as an experiment quickly turned into a major market which has doubled in size for four consecutive years (2010 to 2014). According to Pinnacle, eSports is now the 7th largest market for them in terms of volume, exceeding regular sports like golf and rugby. Pinnacle reached the milestone of a total of one million eSport bets in December 2014, and five million in February 2017.^[8] In the rank of money volume wagered, in 2018 the eSports has become the fourth most popular sport and could clinch number two in a few years.

Drone racing[edit]

In 2016 Pinnacle was the first bookmaker to offer odds on drone racing.^[9] On October 5 Pinnacle announced:

Starting with the 2016 Drone Racing World Championships first event at the Kualoa Ranch in Hawaii (October 20–22) Pinnacle will initially offer odds on the outright winner to gauge interest in the market.

Exit from US market[edit]

On January 11, 2007, in what was considered a controversial move, Pinnacle voluntarily announced that it would no longer accept wagers from customers based in the United States in accordance with the Unlawful Internet Gambling Enforcement Act of 2006, which was passed on September 30, 2006. The law, which was a last minute addition to Security and Accountability For Every Port Act, stipulates that “participants in designated payment systems to establish policies and procedures reasonably designed to identify and block or otherwise prevent or prohibit transactions in connection with unlawful Internet gambling.”^[10] At the time, Pinnacle Sports posted the following message to their U.S. based customers:

After careful consideration, Pinnacle Sports has chosen to voluntarily exit the U.S. market. Accordingly, wagers will no longer be accepted from clients within the U.S. as of Thursday, January 11, 2007.

At the time of the announcement, nearly 60-65% of Pinnacle’s customers were based in the United States.^[11] Passage of the legislation led Pinnacle to have problems with transactions involving US banks.^[12] Shortly after the decision, an executive at Pinnacle was quoted as saying: 'When the U.S. focuses on something and says 'Enough,' and when they go to war, no individual company can possibly win in a fight of this nature.' The executive also reportedly said that 'since the Internet Gambling Bill went into effect, we have lost the ability to do business with many quality banks.'

After the decision, Pinnacle teamed up with World Sports Exchange (WSEX) to offer their US based customers an alternative to their website. At customer’s requests, Pinnacle willingly transferred all money left in US based accounts to new accounts at WSEX.

On December 19, 2008, Pinnacle ceased offering odds on North American horse racing. Although no official reason was given, it is believed this decision was made due to ongoing pressure from the U.S. government, as well as a general decline in interest from their non US based customers.^[13]

Notes[edit]

1. ^pinnacle.com Pinnacle Sports rebrands to Pinnacle
2. ^dotweekly.com Pinnacle Sports acquires Pinnacle domain
3. ^After Pinnacle, It's All Downhill From Here, washingtonpost.com, 17 January 2007, accessed 18 April 2009.
4. ^Pinnacle Sports Review, esports-betting.pro
5. ^www.pinnacle.com Malta License Press Release
6. ^Entraction CustomersArchived 2009-04-22 at the Wayback Machine.
7. ^Pinnacle Poker closed due to updates to EU poker regulation^{[permanent dead link]}.eog.com, July 20th, 2011
8. ^Zalik, Dejan (9 February 2017). 'Pinnacle Reaches Massive Milestone In Esports Betting With Five Millionth Bet Placed'. EsportsBets.com. Retrieved 14 February 2017.
9. ^Pinnacle first to offer betting on Drone Racing
10. ^Internet Law - Implementation of the 2006 Unlawful Internet Gambling Enforcement Act is Coming, ibls.com, 8 October 2007, accessed 18 April 2009.
11. ^Pinnacle Sports stops accepting U.S. bets, casinocitytimes.com, 11 January 2007, accessed 18 April 2009
12. ^Offshore Gambling Site Stops Taking U.S. Bets, bloodhorse.com, 12 January 2007, accessed 18 April 2009.
13. ^Pinnacle Sports halts US horse racing service, reviewed-casinos.com, 19 December 2008, accessed 19 April 2009.

Company Information
Website:http://www.pinnaclesports.com
Established: 1998
Location: Netherlands Antilles, Curacao
Customer Service: Yes (phone, e-mail, FAQ)
Tel: +599-943-38725
Email: csd@pinnaclesports.com

Pinnacle Sports Review

Pinnacle Sports is a reputable and user-friendly online sportsbook available to bettors from all over the world. Registered and operated in Curacao, Pinnacle Sports is one of the best online sports betting websites and it has earned its excellent reputation by satisfying bettors for over 15 years. Besides online sportsbook, Pinnacle Sports also offers gambling departments for online casino and mobile gaming and betting. The sportsbook stands out from the crowd by offering special Winners Welcome initiatives and Dynamic Lines rather than the same boring bonus deals or services and its best trait is offering the lowest margins available on the Internet. Therefore, bettors always get the best odds.

Furthermore, Pinnacle Sports offers various types of wagers on a great deal of sports events and with the best odds combined, bettors can safely make the best bets, and if lucky, boost their bankroll. Online sports available include all the major ones including sports like cricket, snooker, table tennis, volleyball and water polo. The betting limits are also suitable for both new bettors and high rollers.

In addition, the sportsbook offers top notch security and uses the best safety measures to protect its bettors and conduct transactions. Pinnacle Sports also offers a great deal of deposit and withdrawal options for funding accounts and successfully cashing out winnings. Last but not least, the sportsbook has excellent player support service that is available 24 hours a day, 7 days a week.

BONUS OFFERED

There is no typical sign up or reload bonuses at Pinnacle Sports because the people behind the sportsbook believe that bonuses are things from the past. Instead, they believe that what draw new customers are not the lucrative bonuses but the offering of favorable and unbeatable betting lines and high betting limits. The sportsbook offers the lowest margins available online, therefore, it always has the highest odds. What makes Pinnacle Sports transparent to its customers is the Winners Welcome initiative where they clearly explain that typical welcome incentives are a false economy.

Besides the Winners Welcome initiative and the best odds, Pinnacle Sports offers Dynamic Lines to its customers. The sportsbook informs bettors how the lines look and the direction of the odds. Rather than choosing one over another, with the Dynamic Lines bettors can decide more accurately for themselves where to place their bet. This prevents limitations and keeps the action flowing. Moreover, Pinnacle Sports doesn't charge any commission on winnings which is great.

WAGERING

Minimum Bet:

Pinnacle Sports sportsbook offers the best minimum and maximum betting limits catering to both smaller bettor and big fish. The minimum wage amount is only $1 or the equivalent in your local currency. You might be a new bettor, not no matter how small or big your stake, you should still bet with the best odds offered to maximize your return.

Maximum Bet:

Pinnacle Sports Betting Line

The maximum bet limit depends on the type of sport and wager type. In NBA, the highest bet limit is $50,000 for handicap bets, while in NHL it is $10,000 for 1x2 bets. For MLB the highest bet is $30,000 for 1x2, while for EPL it is $30,000 for handicap. The highest bet limit in NFL is $50,000 for handicap.

Sports Offered

• NFL: Yes
• College Football: Yes
• NBA: Yes
• College Basketball: Yes
• MLB: Yes
• NHL Hockey: Yes

Pinnacle Sports online sportsbook is committed to making the Internet betting experience of bettors as easy and enjoyable as possible. With this in mind, it has compiled a list of the most common sports and events available including details of the types of bets generally offered. Bettors can place bets on American football, athletics, Aussie football, badminton, baseball, basketball, boxing, mixed martial arts, cricket, cycling, darts, entertainment sports, golf, handball, hockey, motor racing, Olympic events, poker and politics, rugby, skiing, snooker, soccer, table tennis, tennis, volleyball and water polo.

Wager Types:

The following are the wager types offered at Pinnacle Sports online sportsbook:
- Single Bets including Sides, Totals and Money lines(offered on baseball, soccer, basketball, hockey and other sports)
- Asian Handicaps (available on soccer)
- Prop/Special Bets (NCAA Football, NBA, NCAA Basketball, soccer)
- Futures/Ante Post (offered on NFL, college football and baseball)
- Parlays, Accumulators and Multi-Ways (offered on sports like baseball, basketball, soccer and most other sports)
- Teasers (basketball and soccer)
- Buying and Selling Points (available for many sports including basketball, tennis and American Football)

DEPOSIT OPTIONS

Pinnacle Sports sportsbook offers a number of payment methods bettors can use to add money to their account such as Visa, MasterCard, Maestro, EntroPay, ClickandBuy, Neteller, Skrill, Poli and Bank Transfer among others. The processing time for deposits is immediate. Only bank transfer deposits may take up to 5 days. There are no fees associated with each deposit method. The minimum deposit amount is $10 for deposits via Skrill, Neteller, bank transfer and ClickandBuy, while the maximum deposit amount is $50,000 per transaction via Neteller.

Pinnacle Sports Betting Site

The types of deposit and withdrawal methods offered at Pinnacle Sports depend on the type of your chosen currency.

WITHDRAWAL OPTIONS

Pinnacle Sports Nfl Odds

The most common and internationally recognized methods to make a cashout from your Pinnacle Sports sportsbook account are Skrill, bank transfer, Neteller, EntroPay, ClickandBuy, iDebit, InstaDebit, Web Money and Qiwi Wallet. The minimum withdrawal limit is $10 via Skrill, Neteller, ClickandBuy and bank transfer, while the maximum cashout limit is $60,000 per transaction via Skrill. It should be noted that different withdrawal methods have different min and max cashout limits.

Pinnacle Sportsbook Bet

Furthermore, withdrawals come with certain fees. Bettors need to cover a $15 fee for cashouts via EntroPay, iDebit, InstaDebit, Skrill, Neteller, Web Money and ClickandBuy. The fee for Qiwi Wallet transactions is $20, while bank transfer withdrawals have fee of $25. Different withdrawal methods come with different processing times. The sportsbook also offers one free payout per month.