Will you contine to use Pinnacle?

[shari91]

Does anyone really make one wager and then withdraw?

Is it a common practice?

Yes and yes.

[allin1]

Does anyone really make one wager and then withdraw?

Is it a common practice?

Most of them probably just need the money to place another bet at better odds somewhere else.

Some do it because they arb so they chase the opportunities and they just move the money from one place to another depending on where the opportunities are.

This is probably rare but some might probably hedge with exchanges in order to accumulate bet points at betfair or betdaq, or deal with the premium charge.

Others do not arb but they are just shopping for the best odds, and they don't have a big bankroll to afford letting money in all the places they bet at.

According to SBR and pinnacle, these guys that bet and withdraw are just 5% of their customers but we can't really know if the number is accurate.

[Digo]

Does anyone really make one wager and then withdraw?

Is it a common practice?

Many bettors do that!

[Bill Dozer]

...

Let me know why pinnacle simply does not get rid of that 5% of customers.

I would say they have lost some external income last days and this rule should just full their pocket. Introducing 3% on withdrawal whenever they pay 2,8% to skrill processing deposit and very low cost of withdrawal gives clear picture something is wrong with the company. (For Neteller it is 2,3% and no cost for processing withdrawal. Let me correct whenever I am wrong) It is not enough Pinnacle makes profit on their juice but they simply make another 0,2% whenever customer used Skrill and 0,7% when it is Neteller deposit + that % on wagered volume. So they must love customers with any action also without introducing that rules of 5 times rollover.

I don't think anyone is going to be paying that fee unless it's an emergency need for their money. Paying to move the money kinda goes against why you use Pinnacle. Players will either adjust their habits or leave. For most it means those times when they would deposit, win, pull all out, and go back later, they will keep a unit in there and take the rest. For the 5% who were going in and out, it's a guess who stops playing and who adjusts. If they all left, Pinnacle would be better off than now. If they all decided to leave a unit, they'll be much better than now.

[bigcash]

emergency might go to more often than you may guess in many cases for base pinnacle bettors. So emergency will cost these guys 3% which is risk free money guarantee for pinnacle.

It is no about changing the habits IMO. Rule 30. only brought doubts that pinnacle will sustain in good payment condition for the near future. Very nice comment on this was posted in thread Pinnaclesports withdrawal fees....are you kidding me ? by member dealer wins

I would say that 5% it is unreal number which damages business. Whole company must have another difficulties.

5 times turn over is not going to change situation much. Big rollers will win in pinnacle much more with 5 times rollover than with 1x.
However TBO I dont think big rollers will go to pinnacle in this unsustainable situation. Only option will be deposit via brokers and hope they will manage payments in case of need.

[jjgold]

I do not think any book has quick bet and withdraw guys unless they are pure credit players with agents and that's usually once a week
I can see it being frustrating for some but this is not a major issue

Good stuff men with all the info..you guys know your numbers

[Art Vandeleigh]

Amazing after 40 votes, about half the people say they will stop using Pinnacle.

[lecubs28]

I do not think any book has quick bet and withdraw guys unless they are pure credit players with agents and that's usually once a week
I can see it being frustrating for some but this is not a major issue

jj why don't you keep your mouth shut when you have no clue what you're talking about

quit being a clown

[Hareeba!]

So you haven't read Real1992's posts then?

I see the Yes vote is starting to pull away ahead of the No votes now.

Bit surprised at that in view of the fact that we are still awaiting an explanation of the treatment handed out to Real1992

Leave aside the fact that his deposits were prior to any of us being made aware of the rule and should have not been subject to it, the method of applying it to lost bets still remains a serious issue needing to be explained.

Example:
Deposit $10,000
Bet and lose $9,990
Balance $10 but still $40,010 short of wagering requirement.
Deposit another $500 so balance now $510
Wagering requirement now $40,010 + $2,500 = $42,510

So now assume next bet is $50 and another loser.
Does $10 of that get applied to the first deposit and thus extinguish the initial wagering requirement?
Or is the ongoing wagering requirement only reduced to $42,460?
Nothing I've found on Pinnacle's website explains how this is done.
Are customers really expected to track this for themselves to avoid a shock when they ask for a withdrawal?

[jjgold]

Hareeba Pinnacle will be fine as players will adjust

When you have a low margin book like this and takes all winners the players come to you because theyre are very very few in world

[Hareeba!]

Hareeba Pinnacle will be fine as players will adjust

When you have a low margin book like this and takes all winners the players come to you because theyre are very very few in world

low margins get horribly eroded when we get stung like Real1992 was

[allin1]

low margins get horribly eroded when we get stung like Real1992 was

is he that guy with the thread that was made invisible? (aka "got deleted")

[JoeyBagels]

I see the Yes vote is starting to pull away ahead of the No votes now.

Bit surprised at that in view of the fact that we are still awaiting an explanation of the treatment handed out to Real1992

Leave aside the fact that his deposits were prior to any of us being made aware of the rule and should have not been subject to it, the method of applying it to lost bets still remains a serious issue needing to be explained.

Example:
Deposit $10,000
Bet and lose $9,990
Balance $10 but still $40,010 short of wagering requirement.
Deposit another $500 so balance now $510
Wagering requirement now $40,010 + $2,500 = $42,510

So now assume next bet is $50 and another loser.
Does $10 of that get applied to the first deposit and thus extinguish the initial wagering requirement?
Or is the ongoing wagering requirement only reduced to $42,460?
Nothing I've found on Pinnacle's website explains how this is done.
Are customers really expected to track this for themselves to avoid a shock when they ask for a withdrawal?

This is what really throws red flags up for me. They put this requirement in place (even past posting to deposits prior to announcement) without even outlining the rollover structure in their own rules or contacting customers about the change. It was buried in their rules, no e-mail to the clients only a PR release on their twitter feed after it got attention here.

[dealer wins]

So now they have got their 5X rollover rule, are they going to allow more than 1 free withdrawal a month?

[Hareeba!]

So now they have got their 5X rollover rule, are they going to allow more than 1 free withdrawal a month?

That one I do know the answer to.

It's NO.

[Hareeba!]

is he that guy with the thread that was made invisible? (aka "got deleted")

Don't know about any deleted thread. I think there were a couple and the posts got merged? but Real1992 started this thread:

http://forum.sbrforum.com/sportsbooks-industry/2853974-pinnaclesports-withdrawal-fees-you-kidding-me.html

and the story of his experience is documented in it and nobody has attempted to provide an explanation or confirmation that this really is Pinnacle policy. If it is I am amazed that people are so ready to continue making deposits.

[biggie12]

pinnacle is still the best.

[Hareeba!]

pinnacle is still the best.

Yeah well it will be interesting to see if you still feel that way if they tell you that you still need to wager another four times what you've lost before you can avoid paying a 3% deposit fee as they did to Real1992.

[jjgold]

So if you lose a past deposit of 10K and go bust and then put another 5k in a week later you have to roll over both deposits 5x before a withdrawal??

[Hareeba!]

So if you lose a past deposit of 10K and go bust and then put another 5k in a week later you have to roll over both deposits 5x before a withdrawal??

If you lose every cent it seems that the slate is clean. But on seeing what happened to Real1992 it seems that if you have a few pennies left over from your prior deposit you still have to rollover the rest of the x5.

But hey who really knows? Pinnacle aren't responding and SBR have yet to comment on the Real1992 posts.

Until this issue is resolved satisfactorily be very wary of depositing if you haven't got a zero balance.

[biggie12]

Yeah well it will be interesting to see if you still feel that way if they tell you that you still need to wager another four times what you've lost before you can avoid paying a 3% deposit fee as they did to Real1992.

they still offer the best value for some markets that matchbook don't cater too.


deposited $2500 yesterday took a +113. cashed out $2700 now i got $2500 in the account that needs to be rolled over 4x times.

closest line i found at another book i can use was +105 and they only have $500 limits.

Depends on the type of customer but i still think pinny will still be number 1 for many. Looking to play more the standard markets offered on matchbook

[allin1]

If you lose every cent it seems that the slate is clean. But on seeing what happened to Real1992 it seems that if you have a few pennies left over from your prior deposit you still have to rollover the rest of the x5.

But hey who really knows? Pinnacle aren't responding and SBR have yet to comment on the Real1992 posts.

Until this issue is resolved satisfactorily be very wary of depositing if you haven't got a zero balance.

I thought that if you have a few pennies left over from your prior deposit you have to rollover just the pennies 4 more times, and 5 times a new deposit.

[Hareeba!]

I thought that if you have a few pennies left over from your prior deposit you have to rollover just the pennies 4 more times, and 5 times a new deposit.

Where did you get that from?
And how does it reconcile with the treatment handed out to Real1992?

[allin1]

Where did you get that from?
And how does it reconcile with the treatment handed out to Real1992?

I think I saw it in a post from bill dozer but I might be wrong.

[Hareeba!]

So the poll closes with a decisive victory to Pinnacle with it's new 5 times wagering requirement else 3% deposit fee charge.

Wonder how many might change their mind when they cop an unexpected sting?

Still no word on the detail of how they work it out when you've lost a substantial part of your deposit or any justification of the treatment handed out to Real1992.

[betairdotcom]

still using pinnacle. no problem with this new rule

[Hareeba!]

still using pinnacle. no problem with this new rule

really?
so you think what happened to Real1992 is ok?

[Ruifgalmeida]

I would roll 20X at pinny, I realy need them more that they need me

[Domestic]

Will still use them but pretty disappointed and surprised by this rule change. 5x is a ridiculous rollover amount and the fact that real1992 was not warned is really unprofessional.

[yisman]

Does anyone really make one wager and then withdraw?

Is it a common practice?

Most bettors don't.

Your friend BEANTOWNJIM claims to withdraw every time he wins a bet, but I'm not sure he's a real person.

[mets1986]

Yeah well it will be interesting to see if you still feel that way if they tell you that you still need to wager another four times what you've lost before you can avoid paying a 3% deposit fee as they did to Real1992.

I agree