New Pinnacle new rule coming soon: 5x rollover calculated using the lesser of risk or win amount...Originally Posted by gui_m_p
I agree that this rule is terrible, and they increased to 5 times without telling anyone. I rememeber when I opened my account it was only 1x.
I suggest you to bet on huge favorites (like tennis 1round) to complete the rollover with little risk.
100% deposit bonuses next?They are in trouble now.
Folks,
We have a meeting with Pinnacle mgt tomorrow morning for clarification on new deposit rules. We understand a cleaner outline and FAQ will be published then too.
What I can see from their new rules...
- It does not apply unless your deposit was made after the start of this month.
I made a deposit on the weekend, unaware of the new rule because we weren't advised of it. I strongly object to it applying to that deposit.
But if you deposit $100, lose $90 and deposit another $100, balance $110 you need still to bet $910?
- If you lose the deposit, it does not have to be rolled over. Deposit $100 today and lose it, then deposit $100, wager it and win, you only need to roll that 2nd $100 four more times. (If you won $100,000 from the very first bet, you can take that now w/o 3% fee)
Nice to talk about $100 deposits. But people that want to play deposit 10,000, 20,000 or more and win need to pay 3% on that 10 or 20 K to get it back when they want it. Total BS any way you look at it. What other A book does this with no bonus? Better yet what B or C book does it.
I hope SBR rates them where they belong when this is straightened out.
If you bet 250K and win and want it all you will pay 7,500 to get it. 3% of the deposit you made in order to bet it.good point,,if you bet 250 k on the superbolw and win ,you should be able to withdraw your money,
Bwin and PartyBets both rated B- do this on all e-wallet payouts regardless if you rolled it over 100 times.Nice to talk about $100 deposits. But people that want to play deposit 10,000, 20,000 or more and win need to pay 3% on that 10 or 20 K to get it back when they want it. Total BS any way you look at it. What other A book does this with no bonus? Better yet what B or C book does it.
I hope SBR rates them where they belong when this is straightened out.
Welcome to the future of gambling
Last edited by SBRAdmin3; 07-03-14 at 10:51 AM.
Do you play with them? And know a lot people that do. So lets make Pinnacle a B- book. Good by me.Bwin and PartyBets both rated B- do this on all e-wallet payouts regardless if you rolled it over 100 times.
Welcome to the future of gambling
Last edited by SBRAdmin3; 07-03-14 at 10:51 AM.
industry standard 5x is so lol. wouldn't be surprised if that were the highest in the entire history of the industry.
Yeah I play there. They can rate pinnacle and every other book what ever they want, I don't pay much attention to the ratings as much as the reputation. Theres plenty of D rated books on here that I would put above some B's.Do you play with them? And know a lot people that do. So lets make Pinnacle a B- book. Good by me.
These are Pinnys bread and butter players, who will most often be betting on the losing side.Did a 5 figure payout, paid within an hour. So seems like business as usual. 5 time rollover sucks but their upfront about it( they should allow anyone who deposited before the change to payout after 1 time my opinion.), I guess their sick of paying processing fees or are trying to get rid of people who arb for a living and don't have a bankroll to let money sit. For the average guy who will bet every night for a week or 2 only deposit what your going to bet on your first nights games and you should be alright. Its not like there are 100's of reliable options out there.
They counter the sharps and Pinny want to be careful they dont lose this action!! It will cost them more than 3% believe me!!
Unfortunately it may become so. The new tax that the UK is bringing in means anyone who services their people will have to pay a huge piece or not have access to the UK audience. Once this is in place it will become the norm in some other countries. Margins are shrinking. It costs more to move money over borders. Books can not make a profit moving money in and out paying 3% for a single $20,000 bet when their hold is 2% or less.
Bwin and PartyBets both rated B- do this on all e-wallet payouts regardless if you rolled it over 100 times.
Welcome to the future of gambling
The eWallets like Skrill need to lower their costs too. You could argue the UK and its neighbors need to chill or they are going to lose all those gaming companies but you'll lose that argument. They dont care or even prefer it. Why let the money leave to a sportsbook based in Israel or on one the islands.
Last edited by SBRAdmin3; 07-03-14 at 10:51 AM.
Depressing isnt it. 5X rollovers, governments wanting a % even though they have already taxed the money people choose to gamble with.
"Demolition Man" the movie is coming to be a premonition, and I will eat ratburgers along with Silvester Stallone to avoid it!!
The rollover 5x deposit is totally ridiculous.
They are Pinnacle Sports not bwin, not bet at home, not expekt, not another tiny bookmaker.
I dont care if they pay fees to ewallets, I am a player I just deposit and place my bets and if I deposit and win I want to be able to withdraw, not to pay 3% fees (!)
5x rollover makes pinnacle useless, if I have 20k and want to bet on bayern or barca tomorrow why should i prefer to bet at Pinnacle instead of sbo or bf? If i bet at pinnacle and win, then i must bet another 80k bet in order to withdraw for free! This is madness.
I dont remember another A+ bookmaker with such a rule!
If they think they pay high fees to ewallets they should make another deal with them, not just to take the most convenient decision and charge the customer.
Odds and payments make a book A+, is Pinnacle there after this rule??
Odds and payments make a book A+, is Pinnacle there after this rule??
NO.
this will never become so. american books have to pay higher fees that are worse than skrill/neteller to process cc or p2p. those payouts are free, at least once per month. if the us books need to offer free payouts to get customers, no way other places are going to be able to charge 3%
