Please explain Pinnacle

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14 Responses

  1. Carl Aiau says:

    This isn’t good, but at least I should have some higher limits due to recent performance.

  2. admin says:

    haha, yep, I’m amazed they haven’t upped my limits yet. I wonder how bad you need to be to get the nicer limits.

  3. soneub says:

    I know that their limits for the same market change over time, they increase as the event gets nearer. Could that explain this?

  4. admin says:

    Hi Soneub,
    Nope, these images were taken at the exact same time.

  5. LittleAL says:

    i think you are taking out some of your footy anguish on pinnacle.

    they are a good book.

    gl this weekend pal, makes for painful reading.

  6. admin says:

    haha, Soccer has been dreadful and just lost another $4,000 this morning, but that’s not the reason for the post.

    Pinnacle is a fantastic book, and I want them to stay that way.

    But they have lied and it’s clear to see that some users have higher limits. I have no issue with them doing this, but they shouldn’t advertise the opposite.

  7. Chris says:

    You can always bet again and again at the reduced odds – say you wager 10 k on miami minus 4.5 against bulls @ 1.952 and then the odds goes down to 1.937 which you can wager 10 k again – Pinnacle allows multiple wagers even @ reduced odds and the odds wont be cut down from 1.952 to 1.60 for example. Just making my point.

  8. admin says:

    Hi Chris,

    That’s correct and again, I LOVE PINNACLE, they are the best out there, no other agency comes close. But that isn’t the point I’m trying to make.

    My point is that they have stated that they never limit people and everyone is treated the same.

    Let’s use your point to show how this isn’t the case.

    after betting the maximum the price will usually drop by 5c, so 1.952 will go to 1.909.

    So using the images above, say they both want to bet $30,000 on the game.

    The one with the higher limit will bet 15k at 1.952 and then 15k at 1.909. Potential return is $27,915.

    The lower limit will have to bet 10k at 1.952, 10k at 1.909 and 10k at 1.86. A potential return of $27,210.

    That is a $705 difference.

  9. John says:

    Pinnacle held a Twitter Q&A back in August (6th). One of the questions was do you limit players. The answer was no:

    https://twitter.com/PinnacleSports/statuses/364807274088235009

    However I remember a Twitter conversation prior to the Q&A, maybe in June, between Pinnacle and other industry types. That conversation I’m sure implied that they did profile players and offered higher limits to less successful punters.

    Anyway, I can forgive them some marketing hyperbole for what is an excellent book.

    In this instance when you’re talking 10k limits I don’t know how realistic a problem it’d be. Surely if you’re betting those sort of stakes your using a broker and getting better prices from multiple asian books. Otherwise you’d be losing a fortune.

    Great blog!

  10. admin says:

    Thanks John,
    Yep, I agree the limits are so high that it doesn’t make a difference in the example above.

    But for me on Soccer bets it does. I have very few books I can bet at and usually have to bet at Pinnacle and then wait for the lines to rebound (if they do at all), while it seems others would be able to bet the full amount in one go.

    I just feel bad for the bettor who had the raised limit who has now been taking some grief from the rest of us for being a “losing” bettor.

  11. Steve says:

    yep, Pinnacle replied to my tweet about this with.

    “We don’t limit, but sometimes extend limits. Some players have been given increased limits due to internal algorithm use.”

    I still have an issue with the wording on their site, as everyone does not have the same limits.

  12. Lihle Mbeki says:

    Please explain how they have the highest limits when Bet365 and Will Hill have almost (Pounds)2m and Pinnacle have $30k limit?

  1. January 4, 2014

    […] In late October I asked why Pinnacle say on their website that everyone gets the same high limits when that was clearly not true. I provided evidence but Pinnacle decided not to reply. You can find that article here. […]

  2. August 26, 2014

    […] have done a few things that didn’t sit right with me. I first asked them to explain why they say everyone gets the same high limits while clearly disproving it. I then asked why they offer lower odds on Parlay bets then straight bets. I have also mentioned […]

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