Pinnaclesports withdrawal fees....are you kidding me ?

[Hareeba!]

Hareeba you should move to Las Vegas and just keep Aussie banking and an Aussie address and using VPN from Vegas to do your online stuff

Of all the ridiculous suggestions I've heard in my lifetime that one takes the cake!

[jjgold]

Hareeba you belong in Vegas

I will tell you will rent a pad and we could be roommates

You and I can also be gambling partners

[Hareeba!]

Hareeba you belong in Vegas

I will tell you will rent a pad and we could be roommates

You and I can also be gambling partners

[shari91]

Hareeba you belong in Vegas

I will tell you will rent a pad and we could be roommates

You and I can also be gambling partners

[allin1]

No. It's disappointing that we haven't got clarification of the Real1992 issue. Until it is satisfactorily resolved I won't be making any further deposits at Pinnacle.

I would think the in and out arbers which Pinnacle says they welcome will be very significantly affected by this rule. But that won't impact Pinnacle's business.

I certainly don't pay 60% of winnings to Betfair. More like 3%. And only 0.75% on Asian handicaps.

I know you don't pay the PC as you have already mentioned it on the forum, but for the big bankrolls bettors out there betfair becomes a no no once the PC come knocking and the only options left are matchbook, sbo and pinny. I can't imagine any of them affording to drop pinny just because of a silly 5x rule. It will be business as usual for them and anyone who will want to benefit from their lines will adapt.

[xKMACKx]

I was thinking of depositing up again at Pinnacle. Mainly just been using matchbook the past few months. Looks like ill be staying put. Free withdrawls at any time

[jjgold]

Most bettors never pay premium charge at Betfair

[allin1]

Most bettors never pay premium charge at Betfair

Those who pay it are probably either traders, or they need the horse racing and that's why they can't take their business elsewhere.

The big sharp guys that bet on sports do it at pinny, sbo and matchbook.

[jjgold]

Allin I agree other than tennis all the major pro tennis players are at betfair

[allin1]

Allin I agree other than tennis all the major pro tennis players are at betfair

Yeah, but I guess those are mostly traders. Can't get a better place for trading than betfair.

[jjgold]

I see Pinny takes big tennis action so they must be building that product up to

Pinny is number 1 period

[chidondollars]

I don't understand the deposit to be rolled over.Let's say I go pro with $200 and redeem $1000 from sbr, make some grand. Will I be charged on $200 as in $1200 or only $1k that I deposited through bet points? Want to be clear on something

[Hareeba!]

I don't understand the deposit to be rolled over.Let's say I go pro with $200 and redeem $1000 from sbr, make some grand. Will I be charged on $200 as in $1200 or only $1k that I deposited through bet points? Want to be clear on something

You'll likely get a dozen answers, all different, as Pinnacle has never fully spelt out how the whole scheme works.

If you want an answer you can rely on, ask Pinnacle.

[shaunovery]

Yeah, but I guess those are mostly traders. Can't get a better place for trading than betfair.

Agreed although prices are very close traders are on Betfair punters use pinny

[Optional]

I don't understand the deposit to be rolled over.Let's say I go pro with $200 and redeem $1000 from sbr, make some grand. Will I be charged on $200 as in $1200 or only $1k that I deposited through bet points? Want to be clear on something

The $200 deposit requires you to make $1000 worth of bets before you can withdraw without fees. There is no rollover requirement, just a minimum to avoid a $6 fee (3% of dep amount)

The 1k sportsbook cash will require 5k worth of bets before you can withdraw at all. So you will be past the fee free level by the time you complete that anyway.

[Hareeba!]

The $200 deposit requires you to make $1000 worth of bets before you can withdraw without fees. There is no rollover requirement, just a minimum to avoid a $10 fee (5% of dep amount)

The 1k sportsbook cash will require 5k worth of bets before you can withdraw at all. So you will be past the fee free level by the time you complete that anyway.

Last I read was that the withdrawal fee was 3% of the shortfall in your wagering requirement. Are you saying it's been raised to 5%?

[Optional]

Last I read was that the withdrawal fee was 3% of the shortfall in your wagering requirement. Are you saying it's been raised to 5%?

No, just a mistake by me. I'll fix it now to avoid confusion.

And where are you getting the bit about "3% of the shortfall in your wagering requirement" from? Unless I've missed an announcement it is still based on the deposit amount. 3% of the wagering requirement would make it up to 15% if you tried to withdraw without wagering 1 cent.

[Hareeba!]

No, just a mistake by me. I'll fix it now to avoid confusion.

And where are you getting the bit about "3% of the shortfall in your wagering requirement" from? Unless I've missed an announcement it is still based on the deposit amount. 3% of the wagering requirement would make it up to 15% if you tried to withdraw without wagering 1 cent.

Think we may be getting tied up in interpretation of words here.
Deposit requires to be wagered 5 times.
Wager only half of it and you pay 3% on half your deposit if you withdraw. Right?
Think that's what you're saying and also what I meant.

[Optional]

Think we may be getting tied up in interpretation of words here.
Deposit requires to be wagered 5 times.
Wager only half of it and you pay 3% on half your deposit if you withdraw. Right?
Think that's what you're saying and also what I meant.

I was just thinking that must be what you meant!

Yes, only complete 50% of the 5x and you will pay half the withdraw fee.

[thordin86]

Usually they will let you withdraw all the winnings and leave the deposit there without fees if you ask them to.

[shaunovery]

If people are worried about rolling over the deposit before withdrawing just deposit less

[Bandito97]

If people are worried about rolling over the deposit before withdrawing just deposit less

exactly

[Hareeba!]

exactly

That's okay to a point but one of my biggest concerns with the requirement is that it discourages one from making a withdrawal of winnings which in the past would have been quite appropriate.
The danger is that you then have a few losses and need to deposit again. You get no credit for having previously exceeded the required turnover and are subject to a new 5x and 3% fee.

[chidondollars]

The $200 deposit requires you to make $1000 worth of bets before you can withdraw without fees. There is no rollover requirement, just a minimum to avoid a $6 fee (3% of dep amount)

The 1k sportsbook cash will require 5k worth of bets before you can withdraw at all. So you will be past the fee free level by the time you complete that anyway.

can't I pay the fee and withdraw the 1k sbr sportsbook cash

[Optional]

can't I pay the fee and withdraw the 1k sbr sportsbook cash

There is no withdrawal fee associated with the SBR sportsbook cash.

As soon as you have completed the 5x rollover you can withdraw.