Why has another Pinnacle not come along?

[statictheory]

their margins are a lot tighter than that

yes, i'm just presenting the concept

[caveira]

Very interesting thread, thank you guys for all the info.

[wantitall4moi]

It is pretty clear what Pinnacle was doing, I touched on it in other threads and some guys touched on it here.

But they were brokering bets between who know how many sources, the lines they post at the time are just what they were probably getting for buy and or sell orders. so they are/were basically an exchange without the transparency. I am sure they were moving the money they got all around and were working it so they were making money regardless.

If they get these guys to spill it during the investigation and/or trial I am sure it will shed a lot more light on it.

But basically they were getting mega volume in action with some substantial holds I am sure, a lot more than their offerings would indicate. I would really love to now how much of the action they took they held themselves. I would imagine the percentage is so small it would dumbfound people. yet they still make more money than most places simply on their holdings of the volume they do.

[allin1]

yet they still make more money than most places simply on their holdings of the volume they do.

some say that this is not true

[easyliving]

some great info here. would like to hear more about the "brokering of bets"

[Inkwell77]

some say that this is not true

the "making more money part" of the statement or the implication that they have more "volume" part of the statement?

[RogueScholar]

some great info here. would like to hear more about the "brokering of bets"

That just means that Pinnacle is operating an exchange under the guise of a normal sportsbook. They accept "orders" from all the biggest movers and shakers, things like "We'd be interested in $600,000USD of action on Team A -6.5 at +100." Pinnacle would then hang Team B +6.5 -105 on their website and let the people who bet through their web interface provide the offset, and once complete notify the syndicate who made the original offer that they had filled whatever amount had come in through the website. Pinnacle is then content to make their living on the slim difference between +100 and -105, made possible by the sheer size of these bets that they're filling for syndicates and the like.

[allin1]

the "making more money part" of the statement or the implication that they have more "volume" part of the statement?

"making more money" part

justin7 once told me that rec books make far more profits than pinny

[TheBettingMan]

After the date of the first post, Heroes Sportsbook and Casino tried to be the US version of Pinnacle. We know what happened with them!