[nikossf]

So there out of the U.k now.. any chance of Pinnacle opening the books to US clients??

[shaunovery]

Amazing in just a few short days how things turn round

[Hareeba!]

So there out of the U.k now.. any chance of Pinnacle opening the books to US clients??

No chance whatever unless Uncle Sam lifts the threat of prosecution against their people if they accept bets from US residents.

[Optional]

Amazing in just a few short days how things turn round

I suspect books will start flowing back to the UK market after a little while.

They will set up entities they are happy to get licensed and use the international backend like a white label product at a guess.

[jjgold]

I agree with optional know way pinnacle is going to let UK money go away for good

Far as US markets I doubt will ever see it

[Sam Odom]

gotta have a trusted Canadian connection , aye

[Seto]

They better come back here soon

Worst news in a while.

[Big Bear]

So there out of the U.k now.. any chance of Pinnacle opening the books to US clients??

They are scared to take Americans action. They would rather allow dumb europeans and canadians.

America is the best at everything and that includes picking winners.

[Darkside Magick]

Lmaooooo...if you want a pinny account.....go get one!...its really not that hard if you know what you doing!

[jjgold]

Don't even need a pinnacle account anymore with Five Dimes

[Darkside Magick]

Don't even need a pinnacle account anymore with Five Dimes

in a sense true gold!

Same lines even better lines on soccer

[JoeyBagels]

JJGOLD is feeding everyone misinformation yet again. He as well as many other people know Pinnacle never left the US market.

The truth is that Pinnacle has a huge credit operation. They never make a peep about it but it exists. Maybe not to forum guys betting a couple hundred a game or less but for large players betting hundreds of thousands to millions of dollars at a time on single wagers it's there. It is operated through agents and their websites that basically duplicate pinnacle lines. The agents in turn have working relationships with pinnacle. Do you ever wonder why a couple of years ago after they had "supposedly" left the US market the DOJ conducted a raid on a variety of their players who all resided in the US? What exactly do you think their function was being on US soil?

There's an old saying in gambling but specifically sports betting that good credit finds you. The biggest part of the sports betting world is conducted on credit. From huge books (including pinnacle) to locals or even the simpiliest PPH bookie all operate through agents that bring in business to the bookies. This is how the business works.

[jjgold]

Pinnacle does not have a huge credit market

It's selective credit


No small timers

Not worth risk

[minet123]

If Pinnacle wants your action they will find you

[jjgold]

Good answer Minet!!

Your not dumb

[jtoler]

Never, and you cant thank George W. Bush.

[jjgold]

Never for post up USA

[indio]

Never, and you cant thank George W. Bush.

Bush had nothing to do with it besides signing a port security bill with UIGEA tacked on to it. The main culprits in the UIGEA and the threat of confiscation was the workings of Marty Gold, working on behalf of the NFL. Gold and the NFL wrote the bill (why do you think there's a written exemption for fantasy football?), and Gold was an advisor for Frist, who ultimately got it through. For years, the man who kept anti-internet gambling off the legislative docket was Jack Abramoff, and when he became indicted and disgraced, the vultures swooped. Many of the top Covington and Burling lawyers who represented the NFL are in the Washington power elite, including the NFL's former attack dog, Eric Holder. The NFL is terrified of a point shaving scandal killing the golden goose, and they pull out all stops to keep internet gambling illegal. All one has to do is read the required lobbying disclosures to see that the NFL is STILL spending over $1 million a year lobbying against internet gambling. Really sad that the powerful and sleazy NFL was able to get PokerStars booted out of the US market (collateral damage). The free market innovations and the livelihood of many people were squashed just so a bunch of multi-millionaires can feel better.

The NFL has powerful friends in both political parties, so it's not a partisan thing. However, with the new NBA commissioner publicly stating that he's open to sports betting, and the NFL's Goodell on the ropes after the Rice fiasco, we might see some modifications on the legality of online sports betting. Trouble is, just like we've just seen in the UK, special interests and government will regulate and tax it to the point that only high-vig monopolies either state controlled or state friendly will be allowed, so even if it eventually is permitted, they'll keep low margin customer friendly shops like Pinnacle on the outside most likely. As always, the customer gets screwed, and true free market freedoms are denied.

[sports_quant99]

.... The agents in turn have working relationships with pinnacle. Do you ever wonder why a couple of years ago after they had "supposedly" left the US market the DOJ conducted a raid on a variety of their players who all resided in the US? ---

You mean they raided agents, not bettors, right? Other than the Traumann case, i have never heard of a sports bettor being arrested in the US.

[sports_quant99]

..... Maybe not to forum guys betting a couple hundred a game or less but for large players betting hundreds of thousands to millions of dollars at a time on single wagers it's there. It is operated through agents and their websites that basically duplicate pinnacle lines. The agents in turn have working relationships with pinnacle.

I assume this means that these agents dont shut off winning players, mimicking Pinnacle policy? I've never bothered with locals because they shut off winners.

[sports_quant99]

Don't even need a pinnacle account anymore with Five Dimes

5Dimes doesnt have Pinnacle's limits, and i've heard of winners getting shut off at 5Dimes. Not the same.

[sports_quant99]

All of this becomes moot when the first major bitcoin book (peer to peer preferably) gains critical mass. That will be the game changer, and will become bigger than Pinnacle, with true global liquidity, and no restrictions based on country.

[ItsMeMrMattE]

do 5d or Pinn allow Saudis?

[CarpeDime]

last i checked pinny wont even do bank wires in dollars, with anyone, anywhere in the world (officially)

[jjgold]

last i checked pinny wont even do bank wires in dollars, with anyone, anywhere in the world (officially)

going to credit mainly

smart

[sports_quant99]

last i checked pinny wont even do bank wires in dollars, with anyone, anywhere in the world (officially)

Pinny will eventually take Bitcoin, like 5Dimes does.

[minet123]

last i checked pinny wont even do bank wires in dollars, with anyone, anywhere in the world (officially)

Nonsense
talk to Isabel

[JayZ]

Pinnacle actually applied for a UK licence but never used it and have in effect discarded it.

[jjgold]

Bottom line there must be no money in UK market for Pinny

[Kaabee]

I agree with optional know way pinnacle is going to let UK money go away for good

Far as US markets I doubt will ever see it

Bottom line there must be no money in UK market for Pinny

[Digo]

Never =/

[thespeculator]

last i checked pinny wont even do bank wires in dollars, with anyone, anywhere in the world (officially)

key word would be officially, can't believe Canadians are betting those massive NFL limits, atleast not in large numbers