Please explain Pinnacle take 2
In late October I asked why Pinnacle say on their website that everyone gets the same high limits when that was clearly not true. I provided evidence but Pinnacle decided not to reply. You can find that article here.
Well I am back again with a further complaint and something I haven’t seen another book ever do before and a practice that I feel is quite unethical. Once again let me preface this by saying that Pinnacle are the best book out there and I highly recommend them. I guess I am noticing these things because I use them so much and am sure other bookmakers are also doing these sort of things.
So for the past few weeks I have noticed when placing a multi at Pinnacle the odds are always lower then you can get them straight up.
The image is of both the normal market and the parlay market. The parlay market looks different as it goes to the old style. I guess they have not incorporated it into the new asian style. As you can see (you might need to click the image to enlarge it) the vast majority of the odds are well below those available in the singles market.
As an example let’s say I wanted a multi of Macclesfield Town, Draw in Rochdale & Leeds match, and Bolton wanderers. Using the prices from the single bets I would have odds of $32.18, but if I was to place the bet for real my odds would be $31.20. That’s quite a large discrepancy.
Click the image for a larger view
I hope there is a simple explanation for this? I assumed bookmakers loved people who take multis as it pushes the odds even further into their favor.
How do you feel about this? Is it something you have noticed? Should Pinnacles parlay prices be the same as their normal prices or is it fine for them to do this?
I will contact Pinnacle and ask for a response. This post will be updated if they reply.
HI mate, first congrats for the good read, I’m sorry I just found it somewhere around this last summer as one member of Secret Betting forum recommended your blog. About the Pinnacle multies, it has always been this way with them. I remember their explanation regarding this on their blog but it was really long ago (at least 3-4 years back) and I couldn’t find the article now even when googling it. So their explanation was something like this, they lower the multies odds because their single lower juice odds are a kind of promotion which runs only for single bets and not for the parlays. I can live with this explanation sincerely speaking moreover their parlays odds are still competitive on most occasions. I can live with Pinnacle even more after a day like today when one quite advertised UK bookie (Boylesports) rejected laying more than 6.20 EUR of my desired stake on a horse bet and this being the very first bet of a newly opened virgin account 🙁 Pathetic.
Hey Veselin,
I really should join SBC, but never got around to it. I started this more as somewhere to just track my results for myself, but over the years people have started reading it and I have started writing some articles I feel might be helpful.
Pinnacle did reply to my questions on twitter, they said “it comes down to modelling. Expected wager volume plays a large role in how our odds play out.” and then “Parlay models don’t account for non-parlay wagers”.
Your right that even these lesser odds are usually better then almost everywhere else. But they said they are independent models and one does not affect the other, but that isn’t entirely true, as a move in the single odds sees the same % move in their parlay odds.
This is sadly the same for every Australian book which has been bought out from these UK books, I just tried to place a golf bet and was allowed $3. I’m pushing for laws in Australia to be made to make sportsbooks take a bet to lose $1,000 as on course bookmakers are legally obliged to do.