Did Pinnacle save the offshores??

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  • SBR_John
    SBR Posting Legend
    • 07-12-05
    • 16471

    #1
    Did Pinnacle save the offshores??
    Yes, to a point they did. Pinnacle was already hurting their competitors well before new anti-gaming laws were passed in the US. That trend would have likely expanded dramatically had they not abandoned the US market. At first glance it's easy to think that would have been fine, they are the best book out there. On second thought imagine the potential and rather likely consequences. Pinnacle grows and attracts business away starting a rash of sportsbook closures. Goodbye CRIS, WSEX and TheGreek and others like a 5Dimes and so on.

    We were on track towards having the ole proverbial all the eggs in one basket scenario. Had that happened a tactful and effective move by the US government would have been to simply go after Pinnacle.

    The idea that Pinnacle is gone is tough medicine for the players and the industry. However, it’s very possible that things worked out for the best. There remains over a dozen A rated sportsbooks that offer a variety of options and betting preferences. And there is safety in A rated sportsbook numbers for the players.
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    Good point, it could be true

    But the other books are not flourishing like they should because of inability to move money from book to book with ease or for that matter getting money to a book.
    Comment
    • pico
      BARRELED IN @ SBR!
      • 04-05-07
      • 27321

      #3
      yeah, i always though pinnacle as the walmart of internet sportsbook. now the mom and pop shops (more like tony and bruno shops) are taking up us customers.
      Comment
      • ForgetWallStreet
        SBR Sharp
        • 04-27-07
        • 342

        #4
        Neteller leaving the US market was three times the blow Pinnacle leaving was. I loved Pinnacle, but their departure led to enormous growth at Matchbook which actually provides an even cheaper juice structure than Pinnacle did.
        Comment
        • pico
          BARRELED IN @ SBR!
          • 04-05-07
          • 27321

          #5
          Originally posted by ForgetWallStreet
          Neteller leaving the US market was three times the blow Pinnacle leaving was. I loved Pinnacle, but their departure led to enormous growth at Matchbook which actually provides an even cheaper juice structure than Pinnacle did.
          i don't like matchbook, too few events
          Comment
          • ForgetWallStreet
            SBR Sharp
            • 04-27-07
            • 342

            #6
            Originally posted by picoman
            i don't like matchbook, too few events
            That is fair. Pinnacle did offer unlimited options with high limits. I only play the major American sports so I guess my comment was a bit short sighted.
            Comment
            • jonmic
              SBR Wise Guy
              • 09-25-06
              • 685

              #7
              matchbook is good, but not as good as pinny
              Comment
              • Helmut
                Restricted User
                • 03-17-07
                • 356

                #8
                Impossible to get money down early at matchbook when your certain the line will move. No halftimes, parlays, team totals and other good stuff.
                Comment
                • ShamsWoof10
                  SBR MVP
                  • 11-15-06
                  • 4827

                  #9
                  Originally posted by Helmut
                  Impossible to get money down early at matchbook when your certain the line will move. No halftimes, parlays, team totals and other good stuff.
                  Yeah I agree... Matchbook is good but NOT THAT GOOD! I like 1st and 2nd halfs... I like IF bets on occasion and I like opening lines without a $1 for a limit but Matchbbok is ok no doubt..

                  Originally posted by SBR_John
                  Yes, to a point they did. Pinnacle was already hurting their competitors well before new anti-gaming laws were passed in the US. That trend would have likely expanded dramatically had they not abandoned the US market. At first glance it's easy to think that would have been fine, they are the best book out there. On second thought imagine the potential and rather likely consequences. Pinnacle grows and attracts business away starting a rash of sportsbook closures. Goodbye CRIS, WSEX and TheGreek and others like a 5Dimes and so on.

                  We were on track towards having the ole proverbial all the eggs in one basket scenario. Had that happened a tactful and effective move by the US government would have been to simply go after Pinnacle.

                  The idea that Pinnacle is gone is tough medicine for the players and the industry. However, it’s very possible that things worked out for the best. There remains over a dozen A rated sportsbooks that offer a variety of options and betting preferences. And there is safety in A rated sportsbook numbers for the players.
                  I totally agree and I have been saying this from the start.. Pinny. leaving the US market because of pressure is total garbage if for no other reason ...the fact of how other books reacted such as Cris creating Bookmaker.. I mean come on what difference did that make and why didn't Pinny. do it.? The top books all take care of each other...

                  Comment
                  • pico
                    BARRELED IN @ SBR!
                    • 04-05-07
                    • 27321

                    #10
                    matchbook is good only if you know what you like and how much you want to bet (for straight wagers that is). otherwise, it is useless.
                    Comment
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