Sportsbook Review has interviewed Pinnacle Sports (SBR rating A+) on the Floyd Mayweather vs. Manny Pacquiao super-fight May 2 in Las Vegas.
The upcoming event has generated beyond a Super Bowl level of interest among sports bettors, fight fans, and casual sports fans.
The opinion of sports bettors is made very apparent by the unprecedented amount of line movement thus far; Mayweather has dropped from a 3 to 1 favorite to less than a 2 to 1 favorite ($186 pays $100) at Pinnacle.
The bookmaker touches on wagering limits, live betting, and prop betting markets, and more in this exclusive interview with Sportsbook Review.
The full Q&A is available below.
SBR: What sort of limits can players expect for live betting Mayweather vs. Pacquiao?
Pinnacle Sports: "Pinnacle Sports is well-known for having the highest limits in the world and the Mayweather-Pacquiao fight is no exception. Right now, our limits are $20,000, but we’re confident that we’ll be offering six-figure limits closer to the fight. These will be the highest limits we've ever offered on a boxing match. We’re pleased that we can also mention that we’ll offer in-fight betting limits in proportion with the event, though we’re still finalizing the details there."
SBR: Obviously this is a historic event for boxing and sportsbooks will attempt to outdo one another so to speak to earn the business of those looking to bet the fight. What can you tell us about the process behind how the decision was made to offer live betting and such increased overall limits, and did this come from the traders themselves?
Pinnacle Sports: "As we do with every event we offer markets on, we see this fight as an opportunity to give bettors what they want. Our market offerings and limits are based on volume, as detailed in this look at our approach, and the early buzz suggested we needed to take the opportunities we could offer boxing bettors to the next level. Not only does a historic fight--the biggest in the age of online sports betting--deserve historic limits, but it seemed obvious from the moment it was announced that the market for it would be massive. This event is a phenomenon; one that was obvious to everyone in our company. It makes for a great opportunity to try some new things, like the highest limits we’ve ever offered on both pre-match and live boxing betting."
SBR: Switching gears to pre-game betting, how has the number of bets received so far compared to say bets received on the UFC in a similar time-frame?
Pinnacle Sports: "You have to keep in mind that we’re still over a month away from the fight. That the markets are even available this early signals just how big this event is. Our UFC markets continue to grow in popularity, but it’s safe to say this fight has attracted far more interest to this point."
SBR: Pinnacle offers by far the best available price on Mayweather to win (-188 as of this writing); comparing this line to the rest of the sportsbook industry, this seems like a classic example of the infamous “Pinnacle lean”. To quote a PinnacleSports.com article on market movement published September 2012: “Pinnacle Sports rarely takes positions on games, instead using their own highly professional traders to place early lines at reduced limits, and similar to an exchange, relying on sharp bettors to move the market, with the limits gradually increasing over time.”. Is it then a fair assessment to conclude that more sharp action has been received on Manny Pacquiao?
Pinnacle Sports: "Based on the above, that would certainly seems to be a fair conclusion. Here’s a link to that article should your bettors want to read it: http://www.pinnaclesports.com/en/betting-articles/sport/market-movement-in-betting"
SBR: Will BetShare statistics be made available for Mayweather vs. Pacquiao and if so when?
Pinnacle Sports: "Yes, they will be! Most of our BetShare releases will come via our @PinnacleSports Twitter account, but we’ll make an exception here: As of Saturday, March 21st, 52.1% of moneyline bets are on Manny Pacquiao. It will be interesting to see how that number moves as the fight gets closer. It will, and those changes can be used along with market movement data to really understand where the market stands. If your readers want a better understanding of how they can use that information to beat the market, they can read about the strategic applications of BetShares here."
SBR: When does Pinnacle plan to release prop bets on Mayweather vs. Pacquiao, and is it safe to assume that there will be a Super Bowl level of variety of props?
Pinnacle Sports: "Prop bet culture makes Superbowl a unique event in that regard. We think our bettors will be pleased with the amount of variety we’ll offer in our props for the fight."
SBR: There is constant speculation on if this fight will be the one that “saves” boxing. If the sportsbook does well overall on May 2, might we see boxing be given the legitimacy of having its own sports label on the Pinnacle homepage, instead of being relegated to the “Other Sports” dropdown?
Pinnacle Sports: "The structure of Boxing lines has recently changed to be more user-friendly, and in-line with UFC. By the time the fight comes around, significant changes to our Guest experience will mean that Boxing gets the billing it deserves as a stand-alone item in a redesigned Betting Menu. SBR users should look out for those changes in the coming weeks; we are very excited about rolling out the changes."
Players looking to follow all the boxing bets should bookmark the Mayweather vs. Pacquiao prop bets directory.
For more information about Pinnacle Sports, follow the bookmaker on Twitter at @PinnacleSports, or check out the official SBR review of Pinnacle.