Pinnacle Sports, located in Curacao, Netherlands Antilles, came online in 1998. They maintain a very low profile and as you would expect from a company based in the Netherland Antilles there is very little company/financial information about them on the internet. They were primarily a US company (until the change in US gambling legislation) and according to the Washington Post has revenues in the billions.
Their unique selling point is that they do not do opening account offers (why is that a good thing you may ask!). Well, Pinnacle claim that account bonuses are a gimmick that hooks the bettors and then allows the bookmakers to charge higher odds. So by not making these offers Pinnacle can offer higher limits and better odds.
1. Best online betting odds - If you are a serious gambler, and you haven't got one already (which is unlikely), a Pinncle Sports account is a necessity. The prices offered by Pinnacle Sports are so competitive, that if you get into arbitrage betting, you will soon realise that Pinnacle are one side of most arbitrage bets. Why? Because their prices are so tight. Bookmakers make their money in what is known as the 'overround' - which is a bit like a commission amount the bookmaker is charging within the market prices to help them profit. Think of it like a red or black bet on a roulette wheel. The odds are almost 50:50, but not quite because there is a zero. That provides the house edge. Anyway, Pinnacle consistently offer the lowest 'house edge' on sports markets, making them essential for serious gamblers.
2. Very high stakes limit - Another reason why Pinnacle Sports are in essential bookmaker for serious gamblers, is that they offer very high stakes across their markets. This means great odds, and large stakes, cermenting it's place at number one for the serious gambling community.
Another reason why Pinnacle is great for big time gamblers, but potentially not for recreational punters, is that there are withdrawal limitations - ie if you make more than one per month, you may be subject to charges. This can easily be managed, but is something to watch out for if you're only familiar with the more household name bookmaker sites, such as Ladbrokes etc.
British Pounds, US Dollars, Hong Kong Dollars, Euros, Singapore Dollars, Japanese Yen, Australian Dollars, Canadian Dollars, Danish Kroner, Norwegian Krone, Swedish Kronor, Taiwanese New Dollar, New Zealand Dollar, Chinese Yuan Renminbi, Polish Zloty, Czech Republic Koruna and Thai Baht.
| Withdrawal/Deposit Method | Deposit Fees | Withdrawal Fees |
|---|---|---|
|
Visa Electron, Maestro, Switch, Delta and Chinese Debit Cards |
Free |
N/A |
|
Visa and Mastercard Credit Card |
Free | N/A |
| Neteller | Free |
1 free withdrawal per month, £8 for additional. |
| myCitadel | Free |
1 free withdrawal per month, £8 for additional. |
| Bank Transfer | Free |
1 free withdrawal per month, £12 for additional. |
| Cashier's Cheque |
Free for deposits of $1000 or more, otherwise $25 |
N/A |
| Moneybookers (Recommended) | Free |
1 free withdrawal per month, £8 for additional. |
| Webmoney | Free | N/A |
| Website: | www.pinnaclesports.com |
|---|---|
| Location | Curacao, Netherlands Antilles |
| Date Established | 1998 |
| Current License |
Netherlands Antilles Gaming Commission - Good standing |
| Physical Address | Pinnacle Sports Worldwide In the Holiday Beach Hotel and Casino Bld Pater Euwensweg 31 Willemstad, Curacao Netherlands Antilles |
Pinnacle Sports was established in Curacao, Netherlands Antilles, in 1998. As most bookmakers were battling for business using bonuses as their main weapon, Pinnacle chose a different route, no bonuses but instead offering 'low juice lines' i.e. odds closest to fair value and they educated players on the value of line shopping. According to the Washington Post due to Pinnacle's high operating efficiency it has been able to offer the best odds apparently this has even earned them plaudits from the Harvard Business School.
Very little is known about Pinnacle Sports or its founders, they definitely like to fly under the radar.
Customer service is handled in the main, by email, enable Pinnacle to minimise operating costs, to ensure that prices can remain uber competitive. Most punters rarely need to use the customer services team, however onn the odd occasion that a book error or player dispute arises, Pinnacle address customers "promptly and courteously".
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