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

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#288

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Quote Originally Posted by jjgold View Post
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.
#293

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Quote Originally Posted by chidondollars View Post
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.
Last edited by Hareeba!; 04-03-15 at 05:20 PM.
#295

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Quote Originally Posted by chidondollars View Post
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.
Last edited by Optional; 04-04-15 at 01:35 AM.
#296

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Quote Originally Posted by Optional View Post
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%?
#297

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Quote Originally Posted by Hareeba! View Post
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.
#298

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Quote Originally Posted by Optional View Post
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.
#299

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Quote Originally Posted by Hareeba! View Post
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.