What Is Pinnacle Sports – this is a question Matched Bettors should be asking. Why? Because the answer holds the key to boosting Matched Betting profits.
So, what is Pinnacle Sports? In simple terms, it’s one of the most reputable ‘sharp’ bookmakers in the world.
To understand what sharp bookmakers are and why Pinnacle might be the sharpest of them all, keep on reading!
Pinnacle Sports is an online bookmaker that has been around for more than two decades. In fact, 1998 was the year when its web-based platform went online for the first time.
The next important year in the history of Pinnacle Sports was 2016. That’s when this company acquired the domain pinnacle.com and rebranded itself as Pinnacle.
Today, Pinnacle is one of the most popular online betting sites with customers coming from more than 100 different countries around the world.
The main reason why bettors love Pinnacle is the fact that this bookmaker tends to offer much better odds than its competitors.
Did you know that in some US states, such as Delaware, licensed bookmakers are required to pay tax as high as 12.9%? Well, Pinnacle is not based in the US.
This bookmaker is based offshore, in a small Caribbean island called Curacao. This country’s gambling tax is much, much lower than in the US and many other countries across the globe.
Without the need to give away a big chunk of their profits for taxing purposes, Pinnacle has the luxury to offer better odds to its players. How they do this is by reducing their margin.
Essentially, their business model is based on turnover, they want as many people betting with them as possible, hence the reduction in the margin.
If you’re not familiar with the term, we’re going to explain it with an example. Let’s use the moneyline market for this purpose, where each outcome is priced the same. For instance, an imaginary boxing bout between Anthony Joshua and Tyson Fury.
This bet is not being offered by Pinnacle right now, but if it were, let’s assume the odds would be something like that. This pricing model makes Pinnacle much more generous than most of their competition, because many of which are offering as short as 1.85-1.85 on such bets.
Offering attractive odds is the number 1 reason why players love this bookmaker. However, that’s not the only reason why this is the case. Bettors love Pinnacle for its ‘sharpness’ as well.
Pinnacle is definitely a sharp bookmaker. Actually, it’s one of the sharpest online bookmakers in the world!
By definition, a sharp bookmaker is the one that offers betting odds that are as close as possible to the true probability of the potential outcome.
Pinnacle are able to do this because they don’t limit winning players, meaning they attract professional sports bettors who are willing to place large sums of money on a game.
More money on a game means more information, so their odds are the most accurate reflection of a game, come kick-off time.
Their odds move quickly, getting shorter/longer based on the latest news and betting volume. For example, if the players are betting large amounts of money on one outcome, the betting odds on that outcome are going to shorten.
The faster the odds movements happen, the sharper a bookmaker is. Those bookmakers that don’t change their odds in a timely manner are labelled ‘soft’.
To learn the difference between the two types of bookmakers, check out this handy video below.
Pinnacle is a prime example of a sharp bookmaker, together with many Asian bookmakers. The reason why you should learn more about sharp bookmakers is that you can use them for Matched Betting.
The fact that Pinnacle is a sharp bookmaker means that its odds are usually bigger than the odds at soft bookmakers.
What this means is that you can use Pinnacle as a Cover Bookmaker in Matched Betting. In fact, Pinnacle might be your best choice as this bookmaker tends to give the best odds.
To see what we’re talking about, check out the example below.
As you can see, the best odds that those bookmakers are giving on the underdog (FC Minsk) are 3.40. Now, let’s take a look at what Pinnacle is offering.
As you can see, the odds on the underdog are 3.48 at Pinnacle. That might not seem like a too big difference, but in the long run, it can bring much more money your way.
Look at it this way – €100 bet on 3.40 equals €340, while €100 on 3.48 is €348. This means that if you choose Pinnacle, you would earn €8 extra. Not much, you might think, but what if you bet €1000? In that case, the extra profit would’ve been €80.
Being a Matched Bettor means betting big volumes, so choosing the right bookmaker is of the utmost importance.
It’s even more drastic when it comes to Sports Trading, which is the next logical step after making money with Matched Betting.
Oddshero does work with Pinnacle, as well as many other sharp bookmakers. Actually, there are more than 100 different bookmakers you can choose from if you decide to sign-up to Oddshero.
Our Matched Betting tool lets you use some of those bookmakers as Bonus Bookmakers. Those are the ones whose bonus offer you’re after.
Oddshero also lets you add sharp bookmakers to the equation, using them as Cover Bookmakers. With Pinnacle as your Cover Bookmaker, you can expect big Matched Betting profits.
You can use other sharp bookmakers in addition to Pinnacle as well. To get ahold of them, you just need to sign up to a betting brokerage such as BetInAsia or SportMarket. Still, if you would like to get the most of it, our recommendation is to stick to Betting Exchanges.
Laying bets at Betting Exchanges instead of betting at Cover Bookmakers is bound to bring more profits your way. Luckily for you, Oddshero works with exchanges as well. If you choose our Premium Package,you will be able to do Matched Betting with exchanges like Betfair and Matchbook.
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