Pinnacle for stateside players

[ccy8888]

Hey Max
nice set up on Parlaymakers. The ideas of me holding my winning is as good as its going to get other then vegas. That is just awesome. As a recreational player, i dont perceive that price changes is that big of issue. But, a pop window warning about price changes can put some of guys on the this site at ease. My question to you is everything on financial end of your book revolves on GP's stability. Isn't that too risky with all the eggs in one basket?

[JoeVig]

Is it possible these guys are just passing through all action to Pinnalce?
- Give the players the advertised price if stays static or actually moves to the advantage of Parlaymakers
- Give the new worse price to the player if it moves to Parlaymakers disadvantage

[Santo]

That was my original guess (though I think they give the customer the pinny price if better/worse), though Max denies a relationship - not that they would admit it anyway I guess with Pinnacle clearly not wanting US regulatory problems.

[Hareeba!]

Is it possible these guys are just passing through all action to Pinnalce?
- Give the players the advertised price if stays static or actually moves to the advantage of Parlaymakers
- Give the new worse price to the player if it moves to Parlaymakers disadvantage

wash your mouth out Joe

[JoeVig]

That was my original guess (though I think they give the customer the pinny price if better/worse), though Max denies a relationship

As Max said a few posts ago "No US facing book is going to detail its operations in the manner you describe". Thus he could very well be shaving line moves in their favor as their business model, but then they would never "detail their operations in that manner".

For the guy who really does not care if he gets stabbed a few times by "market order" methodology, and he does not have access to Pinny, this place probably works for him. I think prefer to know and confirm the exact price I am paying every time.

[Max009]

Hey Max
nice set up on Parlaymakers. The ideas of me holding my winning is as good as its going to get other then vegas. That is just awesome. As a recreational player, i dont perceive that price changes is that big of issue. But, a pop window warning about price changes can put some of guys on the this site at ease. My question to you is everything on financial end of your book revolves on GP's stability. Isn't that too risky with all the eggs in one basket?

Thanks. Most major books use GP so that doesn't worry me too much. Second, we also take Moneybookers for non US clients.

Most people don't realize that most books do not do their own processing so when you think you are dealing directly with the book you almost never are.

[Max009]

Max you aren't listening to me!!!

I have never suggested that. Why do you keep putting words I've never uttered in my mouth?

I have no problem with you not honouring the quoted price (all books do that when the price moves).

The issue is simply that you provide NO WARNING of the price change and the option to accept or reject it as Pinnacle and every other book on this planet does.

A simple enough thing to fix but you are just too stubborn to do it.

And the crazy thing is that you will certainly attract more customers.

Just for you Hareeba(not really but it sounds good). After a long discussion with my business partners we are implementing a change. It will take a few days to implement and test but by next week clients will have an option under their preferences tab. The option will consist of Market order or Firm order. If they select Market order then their wagers will always be processed at the most current line whether that is a positive or negative (Contrary to the conspiracy theorists we are not cheating the customer). If the Firm order option is selected then any line change will kick back to the customer for their approval before the wager is booked.

This should help our players who like to get a wager down in a fast moving market to get the best line possible and will give those of you who only want a specific number that flexibility.

From hence forward it will be known as the Hareeba Fix.

[Hareeba!]

Just for you Hareeba(not really but it sounds good). After a long discussion with my business partners we are implementing a change. It will take a few days to implement and test but by next week clients will have an option under their preferences tab. The option will consist of Market order or Firm order. If they select Market order then their wagers will always be processed at the most current line whether that is a positive or negative (Contrary to the conspiracy theorists we are not cheating the customer). If the Firm order option is selected then any line change will kick back to the customer for their approval before the wager is booked.

This should help our players who like to get a wager down in a fast moving market to get the best line possible and will give those of you who only want a specific number that flexibility.

From hence forward it will be known as the Hareeba Fix.

Sensational stuff Max ... it took a while but very happy to see you've finally come around.
I'm sure that you will now attract a good deal more business with that option in place.
Best of luck.

[Dark Horse]

Just would like more certainty about the financial security from SBR. There seems to be a way to avoid the 2% fee on winning wagers. If you take a bonus the money does not move back to GP until rollover is met. That would be the smarter option if the book is secure. If you earn 10K with 100K winnings minus 90K losses, you would pay 200 in fees versus 2K.

[bookie]

Just for you Hareeba(not really but it sounds good). After a long discussion with my business partners we are implementing a change. It will take a few days to implement and test but by next week clients will have an option under their preferences tab. The option will consist of Market order or Firm order. If they select Market order then their wagers will always be processed at the most current line whether that is a positive or negative (Contrary to the conspiracy theorists we are not cheating the customer). If the Firm order option is selected then any line change will kick back to the customer for their approval before the wager is booked.

This should help our players who like to get a wager down in a fast moving market to get the best line possible and will give those of you who only want a specific number that flexibility.

From hence forward it will be known as the Hareeba Fix.

Good job Max! I'm glad you've figured out that this isn't about steam chasers hurting your book.

[Dark Horse]

Starting to look much better. Many things to like. I still wish SBR would chime in. This set-up is highly unusual, and in theory offers greater security than other books (the idea of a 'bank' holding the funds, with only the money being bet accessible to the book, is one I suggested here a few years ago; never expecting to see it in the real world so soon).

Unfortunately, the gold price is very high, historically speaking. So the bigger the deposit at GP, the greater the exposure to the risk that the price may drop drastically over the next year or two. To lower this risk I suppose it may be better to deposit many smaller amounts over a period of time into GP than one large amount all at once.

(Hilarious, by the way, that SBR edits out the word g-o-l-d-p-a-y. What's up with that? For real. Is there something illegal or otherwise risky associated with mentioning this name?)

Does PM offer round robins, Max?

[minet123]

Just for you Hareeba(not really but it sounds good). After a long discussion with my business partners we are implementing a change. It will take a few days to implement and test but by next week clients will have an option under their preferences tab. The option will consist of Market order or Firm order. If they select Market order then their wagers will always be processed at the most current line whether that is a positive or negative (Contrary to the conspiracy theorists we are not cheating the customer). If the Firm order option is selected then any line change will kick back to the customer for their approval before the wager is booked.

This should help our players who like to get a wager down in a fast moving market to get the best line possible and will give those of you who only want a specific number that flexibility.

From hence forward it will be known as the Hareeba Fix.

The Hareeba FIx
WHAT
Who sent you emails months ago about this
Gerrrrrrr

[jgilmartin]

If the Firm order option is selected then any line change will kick back to the customer for their approval before the wager is booked.

Outstanding.

[BigDaddy]

Just for you Hareeba(not really but it sounds good). After a long discussion with my business partners we are implementing a change. It will take a few days to implement and test but by next week clients will have an option under their preferences tab. The option will consist of Market order or Firm order. If they select Market order then their wagers will always be processed at the most current line whether that is a positive or negative (Contrary to the conspiracy theorists we are not cheating the customer). If the Firm order option is selected then any line change will kick back to the customer for their approval before the wager is booked.

This should help our players who like to get a wager down in a fast moving market to get the best line possible and will give those of you who only want a specific number that flexibility.

From hence forward it will be known as the Hareeba Fix.

that is pretty damn good news

thank you

[PharaohUB]

I have no worries about Parlaymakers.

My question is who owns/runs GP? Is it someone from another major book? Someone that's built up trust over the years?

I have my theories that Parlaymakers and GP are somehow affiliated. Their live chat looks EXACTLY the same. Also. The person on the other end usually have the same name! Not to mention they keep the same hours for live chat. They both expanded there live chat hours simulatenously.

I don't care if they are. If you trust them, they are the best option for US players right now and I am using them.

You can deposit on Monday afternoon, make a bet monday night at low odds. And have your money back in your hands on Tuesday. And at the lowest fees I've seen in the business in awhile.

I'll continue to use them until they give me a reason not to!!

[vyomguy]

But...their teaser and parlay limits is not on par with the market. After all their name is parlaymakers .

[PharaohUB]

Max you guys need to grade your plays faster. Game ended an hour ago and want to play a 3:30 game!! Nobody answering live chat either!

[HeeeHAWWWW]

Unfortunately, the gold price is very high, historically speaking. So the bigger the deposit at GP, the greater the exposure to the risk that the price may drop drastically over the next year or two. To lower this risk I suppose it may be better to deposit many smaller amounts over a period of time into GP than one large amount all at once.

Can't be bothered working out the practicalities, but wouldn't it be possible to hedge at some financial exchange?

Curious how this works out - I can use pinnacle myself, but interesting for the US market.

[scott235]

I have my theories that Parlaymakers and GP are somehow affiliated. Their live chat looks EXACTLY the same. Also. The person on the other end usually have the same name! Not to mention they keep the same hours for live chat. They both expanded there live chat hours simulatenously.

I don't care if they are. If you trust them, they are the best option for US players right now and I am using them.

You can deposit on Monday afternoon, make a bet monday night at low odds. And have your money back in your hands on Tuesday. And at the lowest fees I've seen in the business in awhile.

I'll continue to use them until they give me a reason not to!!

They must be- since max has avoided answering the question, but I think that it is still ok-would of course be preferable if they weren't.

[scott235]

that is pretty damn good news

thank you

Thank you for listening Max.

[Igetp2s]

Yes, thanks for listening to the posters. It is critical to listen to criticism and strive to improve.

As an aside, you'd have to be insane to not select the firm order option.

[Max009]

They must be- since max has avoided answering the question, but I think that it is still ok-would of course be preferable if they weren't.

You can read about the Parlaymakers history...starting with us working with Matchbook and stuff and we discuss GP in there as well. In short we are separate but we do have a very good working relationship with them.

[Max009]

Just to bring this thread full circle....you can now choose under the preferences tab to have your wagers placed either with the fixed order or market order option. A fixed order will be rejected if there is any line change and ask you to resubmit under the new line.....a market order will always place your wager at the most current price.

Market orders very good for fast moving markets when you are sure you want to place a wager and are just trying to get the best price available.

Fixed orders are good for when you are looking for only a specific price.

Thanks again for everyone's feedback.

[wrongturn]

Max, with the two options that players can choose, your book becomes better than any other books when it comes to confirming bets. What a difference can a simple change make! I will consider using it soon. By the way, the last time I checked, there is no refresh button. That would be useful if you add that.

[RonPaul2008]

Why doesn't SBR have a rating for Parlaymakers?

How long has Parlaymakers been in existence?

[bookie]

Max...Did they make you change your avatar?

Congrats on this successful episode of crowd sourcing...keep up the good work!

[CollegePro]

haven't follow the thread... but parlaymakers are for those who only likes to parlay games??? no single game bets??? and limit seems way too low @$250

[Max009]

Max, with the two options that players can choose, your book becomes better than any other books when it comes to confirming bets. What a difference can a simple change make! I will consider using it soon. By the way, the last time I checked, there is no refresh button. That would be useful if you add that.

Thanks, after having been against the change initially I think it has worked out for the best for everyone. When you say refresh button....refresh what exactly?

[Max009]

Why doesn't SBR have a rating for Parlaymakers?

How long has Parlaymakers been in existence?

Can't comment on SBR rating...that has been pending a while...I am sure they have their methods....we just keep focusing on winning customers one at a time.

You can read about the Parlaymakers history in our blog but in short started last year with Matchbook became a stand alone book in January.

[Max009]

Max...Did they make you change your avatar?

Congrats on this successful episode of crowd sourcing...keep up the good work!

Yes, they did change the avatar but i can understand their perspective I guess.

[Max009]

Max...Did they make you change your avatar?

Congrats on this successful episode of crowd sourcing...keep up the good work!

Now I need some new avatar......maybe some attractive female...I have seen some really cool moving avatars.....need to locate one.

[Max009]

haven't follow the thread... but parlaymakers are for those who only likes to parlay games??? no single game bets??? and limit seems way too low @$250

That was changed a while back.....you can do straight bets and the limits are much higher now.

[vyomguy]

That was changed a while back.....you can do straight bets and the limits are much higher now.

Your limits for parlays and teasers are not good enough. Even the recreational books have limits that are 20 times more than parlaymakers.

[Max009]

Your limits for parlays and teasers are not good enough. Even the recreational books have limits that are 20 times more than parlaymakers.

I explained this before, but because we offer guaranteed instant payments it is difficult for us to offer 100,000 payouts on parlays. When you make a wager with us, your wager and our potential payout is held in escrow...so if we were to have huge payouts on parlays or teasers even it quickly locks up too much capital. Also, teasers and parlays are extended often over longer periods of time thus making the matter more complicated.

It is not inconceivable that we would need several million dollars locked up to take 10-20k in wagers.

In many ways it is an exchange like feature because we both have to put our money and hold it in escrow. At Parlaymakers we can't take your big parlay wager and hope it works out in our favor.

At Parlaymakers, you wager, you get guaranteed instant payment back to your ewallet as soon as the wager is graded. We think that is a superior advantage...it does have the drawback you mentioned.

[vyomguy]

I explained this before, but because we offer guaranteed instant payments it is difficult for us to offer 100,000 payouts on parlays. When you make a wager with us, your wager and our potential payout is held in escrow...so if we were to have huge payouts on parlays or teasers even it quickly locks up too much capital. Also, teasers and parlays are extended often over longer periods of time thus making the matter more complicated. It is not inconceivable that we would need several million dollars locked up to take 10-20k in wagers. In many ways it is an exchange like feature because we both have to put our money and hold it in escrow. At Parlaymakers we can't take your big parlay wager and hope it works out in our favor. At Parlaymakers, you wager, you get guaranteed instant payment back to your ewallet as soon as the wager is graded. We think that is a superior advantage...it does have the drawback you mentioned.

Why dont you limit on the maximum payout instead of maximum betting limit. You have $40,000 limit on straight bets. Why dont you have $40,000 limit on the parlay and teaser payouts. In both cases, you have to hold the same amount in escrow.