Pinnaclesports Sold

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Bobo
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Pinnaclesports Sold
« on: February 23, 2015, 10:10:03 PM »

A couple of sites  are saying  that Pinnaclesports  have been sold.
Anyone here have an idea.


http://calvinayre.com/2015/02/21/bus...ling-interest/

http://www.igamingbusiness.com/news/...isclosed-buyer

Thanks,
Bobo.
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Arbusers
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Re: Pinnaclesports Sold
« Reply #1 on: February 24, 2015, 09:49:17 AM »

A couple of sites  are saying  that Pinnaclesports  have been sold.
Anyone here have an idea.


http://calvinayre.com/2015/02/21/bus...ling-interest/

http://www.igamingbusiness.com/news/...isclosed-buyer

Thanks,
Bobo.


None of these links is working for me.
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pescu23
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pescu23

Re: Pinnaclesports Sold
« Reply #2 on: February 24, 2015, 09:51:30 AM »

http://www.sbcnews.co.uk/sportsbook/2015/02/23/pinnacle-sports-sold-to-undisclosed-buyers/

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stolarzz
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Re: Pinnaclesports Sold
« Reply #3 on: February 24, 2015, 11:08:05 AM »

I hope it won't end like canbet...
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Thordin
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Re: Pinnaclesports Sold
« Reply #4 on: February 24, 2015, 11:24:50 AM »

Guys you think Pinnacle is losing profits lately?

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Alabaster
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Re: Pinnaclesports Sold
« Reply #5 on: February 24, 2015, 11:28:03 AM »

I think they do
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pescu23
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pescu23

Re: Pinnaclesports Sold
« Reply #6 on: February 24, 2015, 11:28:56 AM »

Is difficult to know... They have very big volumes...

In my case, I've been winning a lot lately on Pinnacle; my softbookies must be happy.

Should we be worried about Pinnacle being sold?....Personally I am; if they change their model or maybe it dissapears...would be a problem for us...

What do you think Thordin?
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Arbusers
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Re: Pinnaclesports Sold
« Reply #7 on: February 24, 2015, 11:46:49 AM »

Guys you think Pinnacle is losing profits lately?

I m 100% sure.
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pescu23
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Re: Pinnaclesports Sold
« Reply #8 on: February 24, 2015, 11:54:22 AM »

Guys you think Pinnacle is losing profits lately?

I m 100% sure.

Why so sure Arbusers?
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Arbusers
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Re: Pinnaclesports Sold
« Reply #9 on: February 24, 2015, 12:11:19 PM »

Because a lot of their volumes is moved to agents. Many agents place a fraction of the volumes directly to pinnacle, keeping significant risk for themselves. Why are they acting like this? because they noticed that pinnacle is a winner in the long run. I would like to remind you of AC earlier in 2014 offering leveraged accounts X8 to our members. Don't think that all these volumes went to pinnacle. Only 1/8th went there and the rest was AC risk, that in the end wasn't able to manage.
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Skaggerak
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Re: Pinnaclesports Sold
« Reply #10 on: February 24, 2015, 03:02:57 PM »

Would any of you guys consider lowering your action with them?I find I haven't been using them as much recently anyway.
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Yngwie/Sawyer
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Re: Pinnaclesports Sold
« Reply #11 on: February 24, 2015, 03:09:52 PM »

Guys you think Pinnacle is losing profits lately?

Yes, definetely. I'm keeping a record of my bets, amount lost/won in sharp/soft side.. There's a dramatical difference between Pinnacle Side P/L in 2013 and 2014.
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pedro
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Re: Pinnaclesports Sold
« Reply #12 on: February 24, 2015, 03:36:26 PM »

Guys you think Pinnacle is losing profits lately?

Yes, definetely. I'm keeping a record of my bets, amount lost/won in sharp/soft side.. There's a dramatical difference between Pinnacle Side P/L in 2013 and 2014.

Your record doesn't really mean anything. If they balance their action, your win is other players' loss.
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Yngwie/Sawyer
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Yngwie/Sawyer

Re: Pinnaclesports Sold
« Reply #13 on: February 24, 2015, 05:40:52 PM »

Guys you think Pinnacle is losing profits lately?

Yes, definetely. I'm keeping a record of my bets, amount lost/won in sharp/soft side.. There's a dramatical difference between Pinnacle Side P/L in 2013 and 2014.

Your record doesn't really mean anything. If they balance their action, your win is other players' loss.

Not really. What I mentioned here is related with line movement. If Pinnacle's closing line is efficient, Pinnacle makes more money. If high-priced outsiders they offer are winning, then it means the line is not very efficient.

Arbitrage traders cause big volume in sharp books. If one arb trader's net loss in pinnacle/year is 280k, imagine the extra money Pinnacle will make with 1,000 arbers; it makes 280 million euros, just from arbers. Then arb trader's net loss following year is just 50k. It's almost x6. Go figure.

We're Modern Times Robin Hood. We steal from softbook and give to asians&pinny, lol.


« Last Edit: February 24, 2015, 06:10:24 PM by Yngwie/Sawyer » Logged

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vinciguerra
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Re: Pinnaclesports Sold
« Reply #14 on: February 24, 2015, 06:24:31 PM »

Guys you think Pinnacle is losing profits lately?

Yes, definetely. I'm keeping a record of my bets, amount lost/won in sharp/soft side.. There's a dramatical difference between Pinnacle Side P/L in 2013 and 2014.

Your record doesn't really mean anything. If they balance their action, your win is other players' loss.

Not really. What I mentioned here is related with line movement. If Pinnacle's closing line is efficient, Pinnacle makes more money. If high-priced outsiders they offer are winning, then it means the line is not very efficient.

Arbitrage traders cause big volume in sharp books. If one arb trader's net loss in pinnacle/year is 280k, imagine the extra money Pinnacle will make with 1,000 arbers; it makes 280 million euros, just from arbers. Then arb trader's net loss following year is just 50k. It's almost x6. Go figure.

We're Modern Times Robin Hood. We steal from softbook and give to asians&pinny, lol.

With that being said, I don't think it's safe to conclude Pinnacle is losing money just because a handful of arbers are currently winning there. Population size is just way too small.
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