Pinnacle Sports
Pinnacle Sports Performance’s certified strength and conditioning specialist Kevin Nickel, MS, CSCS will provide a customized training session to suit your fitness, strength, toning, energy or weight loss goals. Our very clean and spacious studio training room provides a. Pinnacle Ski & Sports is Stowe, Vermont's premier ski shop, offering a variety of ski equipment from top brands like Blizzard, Volkl, K2, and more! Give Us a Call: (802) 253-7222 Mon – Wed: 8:00 AM – 7:00 PM.
| Type | Private |
|---|---|
| Industry | Online gaming |
| Founded | 1998 |
| Headquarters | Curaçao |
| Products | Sportsbook, Casino |
| Website | www.pinnacle.com |
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]
- ^pinnacle.com Pinnacle Sports rebrands to Pinnacle
- ^dotweekly.com Pinnacle Sports acquires Pinnacle domain
- ^After Pinnacle, It's All Downhill From Here, washingtonpost.com, 17 January 2007, accessed 18 April 2009.
- ^Pinnacle Sports Review, esports-betting.pro
- ^www.pinnacle.com Malta License Press Release
- ^Entraction CustomersArchived 2009-04-22 at the Wayback Machine.
- ^Pinnacle Poker closed due to updates to EU poker regulation[permanent dead link].eog.com, July 20th, 2011
- ^Zalik, Dejan (9 February 2017). 'Pinnacle Reaches Massive Milestone In Esports Betting With Five Millionth Bet Placed'. EsportsBets.com. Retrieved 14 February 2017.
- ^Pinnacle first to offer betting on Drone Racing
- ^Internet Law - Implementation of the 2006 Unlawful Internet Gambling Enforcement Act is Coming, ibls.com, 8 October 2007, accessed 18 April 2009.
- ^Pinnacle Sports stops accepting U.S. bets, casinocitytimes.com, 11 January 2007, accessed 18 April 2009
- ^Offshore Gambling Site Stops Taking U.S. Bets, bloodhorse.com, 12 January 2007, accessed 18 April 2009.
- ^Pinnacle Sports halts US horse racing service, reviewed-casinos.com, 19 December 2008, accessed 19 April 2009.
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Established in 1998 and A+ Rated by sportsbookreview.com, Pinnacle has been one of the hottest online gambling choices since it was launched. Pinnacle is known for their low margins and high betting stakes and has the reputation as having the sharpest betting lines in the business. Odds are offered in decimal and American version. Their site is truly user-friendly and comes complete with a mobile platform that allows players to place and track bets from their mobile or tablet. If you are looking for a no-nonsense sportsbook with quick-moving, low juice betting lines then Pinnacle is the place for you!
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When it comes to online gambling action, Pinnacle is well known for their low margins and high betting stakes. The site was launched into cyberspace back in 1998 and is located and regulated on the island of Curacao, in the Netherland Antilles. The site features a sportsbook and online casino with a mobile network and a live in-play wagering option. All sections of the website can be quickly and easily accessed from the clean and unobstructed homepage. Everything’s quite simple to find by just following the links provided. There’s also …
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Live in play betting is one of the most popular features at Pinnacle since it gives customers the chance to wager on events while they’re taking place. The site offers very competitive odds on the outcome of numerous events while they’re already in progress. When looking for live contests to wager on at Pinnacle, you should keep your eye out for a “Live Odds” notification on the site before the game gets underway. You can back your favorites on the live-betting system by making your wagers online, by telephone, and …
As of June 1st, 2016, Pinnacle Sports has been rebranded to Pinnacle.com!
You’re won’t find a better gambling site online than Pinnacle – period. It’s the real deal and boasts a sportsbook, classic casino, and live casino at its site along with live in-play betting and a mobile platform for the sportsbook only.
It’s a no-frills site that more than makes up for the lack of bonuses and promotions by offering the lowest margins and highest betting limits available online. In fact, Pinnacle’s betting lines are so highly respected in the industry that you won’t find a single Vegas sportsbook that doesn’t pay attention to their numbers.
The sportsbook offers wagering on all major sports with the best odds in the business as well as higher than average payout rates. Live betting is available along with dozens of sports tips, articles, previews, and strategies to provide you with more valuable research information on the multitude of events, which include: You can find betting lines on the following popular sports here: Soccer, Horseracing, Mixed Martial Arts, Ice Hockey, Golf, Baseball, Football, Basketball, Tennis, E-Sports, Cycling, Formula One, Rugby, Cricket, Boxing, Badminton, Athletics, Darts, Handball, Skiing, Snooker, Table Tennis, Water Polo, Volleyball, Australian Rules Football, and the Olympic Games.
Like all first-rate sites it comes with live-in-play wagering so you don’t have to sweat it if the match has already started. You can just login and make a wager on the next goal scorer, etc. They also boast a reliable mobile platform for all areas of the site so you can place and track your bets right from your mobile device. For those who like to make off-the-wall bets there’s a section for politics and entertainment. As a bonus, bettors are provided with numerous research articles and tutorials to help them out before deciding what type of bet to make and who to wager on.
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Premier League Odds – Weekly Match Previews and Soccer Betting News
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Steelers vs Chiefs January 15th, 2017 – AFC Divisional Round Betting Preview
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Pinnacle Sports Performance
Pinnacle Casino Gaming is the best online!
Whether in the classic casino or the live casino, there are several types of popular games to choose from at Pinnacle. The live dealer casino is operated by Global Gaming Labs while the classic casino is run by Multislot. The live dealers recreate all of the action and excitement of a brick and mortar outlet in the comfort of your own home or office. You can try out real-time Casino Hold’Em, American Roulette, European Roulette, Super 6 Baccarat, BlackJack Double Exposure, Blackjack Minigame, BlackJack Multihand, BlackJack NFL Football, Blackjack Single Deck, BlackJack Singlehand, Craps, and Pai Gow Poker. Over in the classic casino you’ll find about 50 different slots games to try your luck with and the casino offer cash-back promotions on the games.