Possible benefits to Pinnacle leaving?
A few years ago the "professional" sports bettor could have made a pretty good argument that he was better off without Pinnacle than with. Pinnacle booked to all the sharp US sports bettors and had the best representation of a true market. Any opinion from them was instantly used by bettors to spank another book. Pinnacle was so good at what they did that they tightened up the lines for the whole market, handcuffing many linesmen reduced to playing follow-the-Pinnacle.
Many day-traders and scalpers were born from Pinny University, affecting what other books could offer. A lot of the rules against steam were first used to combat bettors loading up on syndicate plays but for some books, it eventually applied to four 2 cent line moves at Pinnacle. 8 cents of "steam"!?
You could blame Pinnacle for Wal-marting but we probably should blame the field for not keeping up.
At the same time smaller and less experienced books were getting beat right out of business, (call it the affect of a monopoly or thinning the weak from the herd) the sportsbook was making sports betting look like a skill trade. Watching the dynamic lines for college hoops on a Saturday was really a thing of beauty. It was a far cry from the images portrayed by politicians of corner bookies collecting the juice as bettors beat each other into poverty. It looked like it belonged on Datek.com.
Today, players are surely worse off for losing one of the industry leaders. It will be interesting to see how the other bookmakers react including CRIS who is the clear #1 now for US sports.
We talked to 3 sportsbooks considering moving to reduced vig since the announcement. There will be a lot more low juice promos, especially since books don't have to look like they are committing to a new model. There will be a bigger margin for bookmaker error.
Players won't get that consistent high limit -105 but will there be more books offering a full 1.5 NBA points off another?
Could three new opinionated options at -107s be better than one -105? Will there be a fight for baseball action?
Many day-traders and scalpers were born from Pinny University, affecting what other books could offer. A lot of the rules against steam were first used to combat bettors loading up on syndicate plays but for some books, it eventually applied to four 2 cent line moves at Pinnacle. 8 cents of "steam"!?
You could blame Pinnacle for Wal-marting but we probably should blame the field for not keeping up.
At the same time smaller and less experienced books were getting beat right out of business, (call it the affect of a monopoly or thinning the weak from the herd) the sportsbook was making sports betting look like a skill trade. Watching the dynamic lines for college hoops on a Saturday was really a thing of beauty. It was a far cry from the images portrayed by politicians of corner bookies collecting the juice as bettors beat each other into poverty. It looked like it belonged on Datek.com.
Today, players are surely worse off for losing one of the industry leaders. It will be interesting to see how the other bookmakers react including CRIS who is the clear #1 now for US sports.
We talked to 3 sportsbooks considering moving to reduced vig since the announcement. There will be a lot more low juice promos, especially since books don't have to look like they are committing to a new model. There will be a bigger margin for bookmaker error.
Players won't get that consistent high limit -105 but will there be more books offering a full 1.5 NBA points off another?
Could three new opinionated options at -107s be better than one -105? Will there be a fight for baseball action?
