Pinnacle Sport

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Pinnacle (formerly known as Pinnacle Sports) is an online gaming website that was founded in 1998. Since its inception, Pinnacle has become a medium-sized, fully licensed, online sportsbook. Pinnacle Sports rebranded to Pinnacle on June 1, 2016^[1] after acquiring the pinnacle.com domain name.^[2]

Presently, the company has customers in over 100 countries and is available in 19 (including international English) different languages. While most of the company information, including number of employees and gross revenues are kept private, Michael Konik, author of The Smart Money, believes 'it would not be out of line to guess that their [Pinnacle Sports] annual handle is in the billions of dollars.'^[3]

Pinnacle headquarters are located on the island of Curaçao of the Kingdom of the Netherlands, and the group is fully licensed and regulated by the Government of the Netherlands Antilles (license number: 8048/JAZ2013-013),^[4] which also functions as the regulating body for the gaming industry. On March 19, 2015 Pinnacle announced the award of a Class II Remote Maltese Gaming Licence,^[5] MGA/CL2/1069/2015 for the provision of sports betting.

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Regulation requires that Pinnacle must maintain sufficient funds to be able to honour the winnings of their customers at all times.

Reduced margin pricing[edit]

When Pinnacle began trading in 1998, most gaming companies used bonuses to lure potential customers. Rather than offer sign up or reload bonuses, Pinnacle became the first sportsbook to introduce a reduced margin pricing model or reduced juice, thus deriving profit from lower margins but a far higher turnover. Pinnacle began offering -105/-104 ($1.95-$1.96) prices on head-to-head match odds and spreads, significantly undercutting the standard -110 ($1.91) pricing model that was used by its competitors.

Pinnacle Sportsbook

Pinnacle is able to operate under this pricing model by posting opening 'overnight' lines with smaller limits. This allows Pinnacle to shape their lines according to the betting activity of 'sharp' bettors without exposing the book. These early, low limit bets ultimately allow Pinnacle to offer betting limits with confidence as high as $50,000 or more on selected games with their low margin pricing model.

In an episode of The Sopranos, Tony is informed by a hospital neighbor (a shot rapper) that the neighbor got down a $50,000 bet on a boxing match they were watching at favorable odds from 'Pinnacle, man...Pinnacle!'

Casino[edit]

Although Pinnacle is best known for its sports betting service, Pinnacle has also operated an online casino since September 2004.

The site offers the following casino games, in cash, high-stakes cash and a free play format:

• Oasis poker
• Hold’em poker
• Three card stud poker
• Single line slots
• Multi-line slots
• Progressive slots

Poker[edit]

In August 2008, Pinnacle entered the online poker realm, in hopes of taking advantage of the online poker phenomenon. Pinnacle’s poker room was run and operated by Entraction software. The same poker network is used by other online gaming websites, such as Betdaq, I4Poker and Redbet.^[6]

In June 2011, Entraction informed Pinnacle that due to changes in EU gaming regulation their Curaçao license was no longer accepted. Pinnacle closed their poker room on 13 June 2011 stating “the steps required to remain within the Entraction Network will necessitate a significant commitment for Pinnacle Poker. Given that our current focus is on developing our leading Sportsbook and Casino products, we have decided not to pursue the necessary changes.^[7]

eSports[edit]

In 2010, Pinnacle was one of the first global bookmakers to offer odds on eSports. What began initially as an experiment quickly turned into a major market which has doubled in size for four consecutive years (2010 to 2014). According to Pinnacle, eSports is now the 7th largest market for them in terms of volume, exceeding regular sports like golf and rugby. Pinnacle reached the milestone of a total of one million eSport bets in December 2014, and five million in February 2017.^[8] In the rank of money volume wagered, in 2018 the eSports has become the fourth most popular sport and could clinch number two in a few years.

Drone racing[edit]

In 2016 Pinnacle was the first bookmaker to offer odds on drone racing.^[9] On October 5 Pinnacle announced:

Starting with the 2016 Drone Racing World Championships first event at the Kualoa Ranch in Hawaii (October 20–22) Pinnacle will initially offer odds on the outright winner to gauge interest in the market.

Exit from US market[edit]

On January 11, 2007, in what was considered a controversial move, Pinnacle voluntarily announced that it would no longer accept wagers from customers based in the United States in accordance with the Unlawful Internet Gambling Enforcement Act of 2006, which was passed on September 30, 2006. The law, which was a last minute addition to Security and Accountability For Every Port Act, stipulates that “participants in designated payment systems to establish policies and procedures reasonably designed to identify and block or otherwise prevent or prohibit transactions in connection with unlawful Internet gambling.”^[10] At the time, Pinnacle Sports posted the following message to their U.S. based customers:

After careful consideration, Pinnacle Sports has chosen to voluntarily exit the U.S. market. Accordingly, wagers will no longer be accepted from clients within the U.S. as of Thursday, January 11, 2007.

At the time of the announcement, nearly 60-65% of Pinnacle’s customers were based in the United States.^[11] Passage of the legislation led Pinnacle to have problems with transactions involving US banks.^[12] Shortly after the decision, an executive at Pinnacle was quoted as saying: 'When the U.S. focuses on something and says 'Enough,' and when they go to war, no individual company can possibly win in a fight of this nature.' The executive also reportedly said that 'since the Internet Gambling Bill went into effect, we have lost the ability to do business with many quality banks.'

After the decision, Pinnacle teamed up with World Sports Exchange (WSEX) to offer their US based customers an alternative to their website. At customer’s requests, Pinnacle willingly transferred all money left in US based accounts to new accounts at WSEX.

On December 19, 2008, Pinnacle ceased offering odds on North American horse racing. Although no official reason was given, it is believed this decision was made due to ongoing pressure from the U.S. government, as well as a general decline in interest from their non US based customers.^[13]

Notes[edit]

1. ^pinnacle.com Pinnacle Sports rebrands to Pinnacle
2. ^dotweekly.com Pinnacle Sports acquires Pinnacle domain
3. ^After Pinnacle, It's All Downhill From Here, washingtonpost.com, 17 January 2007, accessed 18 April 2009.
4. ^Pinnacle Sports Review, esports-betting.pro
5. ^www.pinnacle.com Malta License Press Release
6. ^Entraction CustomersArchived 2009-04-22 at the Wayback Machine.
7. ^Pinnacle Poker closed due to updates to EU poker regulation^{[permanent dead link]}.eog.com, July 20th, 2011
8. ^Zalik, Dejan (9 February 2017). 'Pinnacle Reaches Massive Milestone In Esports Betting With Five Millionth Bet Placed'. EsportsBets.com. Retrieved 14 February 2017.
9. ^Pinnacle first to offer betting on Drone Racing
10. ^Internet Law - Implementation of the 2006 Unlawful Internet Gambling Enforcement Act is Coming, ibls.com, 8 October 2007, accessed 18 April 2009.
11. ^Pinnacle Sports stops accepting U.S. bets, casinocitytimes.com, 11 January 2007, accessed 18 April 2009
12. ^Offshore Gambling Site Stops Taking U.S. Bets, bloodhorse.com, 12 January 2007, accessed 18 April 2009.
13. ^Pinnacle Sports halts US horse racing service, reviewed-casinos.com, 19 December 2008, accessed 19 April 2009.

We offer a vast variety of softball programs throughout the year. From 7 week training session to one day clinics and camps Pinnacle Sports has everything you need to develop as a softball player. Our Softball Direct, Coach Glenn McCoy develops and delivers programs for all ages and skill levels. See below for some of the testimonials from previous players and families.

Our softball program is available in the form of 'sessions'. Below is a list of current and upcoming session and the training programs offered during each session.

“My daughter has been taking pitching lessons from Coach Glenn for about a year now. She came to him in the off-season as an eager 7-year-old with no pitching experience and Glenn trans-formed her into one of the top pitchers in her league last sea-son. Glenn has a wealth of softball knowledge and experience, but more importantly, has the ability to pass on that knowledge to girls of all ages. He’s great at teaching the skills and techniques necessary to improve as a pitcher, but also spends time with his students building confidence and mental toughness while teaching life lessons. It’s clear that he also cares about his students” Jon Gardner – Revere Softball

“We have been fortunate to have worked with Glenn McCoy for the past 7 years. He has helped maximize both my daughter Paige’s and my knowledge and mental aspect of hitting. There are multiple times people have commented on how impressed they are with Paige’s approach at the plate. That all stems to what kind of coach Glenn is and what he is teaching. I also had the pleasure to have Glenn run clinics for teams I have coached. Our team and coaches greatly benefited from the knowledge and experience he has with the game of softball.” Coach Troy Collins – Head Coach, Ohio Wolfpack 14U

Pinnacle Sports Complex

UPCOMING SESSION
REGISTRATION NOW OPEN

SPRING TRAINING SOFTBALL CLASSES
FEBRUARY 22nd - APRIL 11th

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Spring Training softball classes are here! Get ready for Spring ball at Pinnacle Sports. If your and advanced player or young novice there is a class for you. Coach Glenn McCoy leads a number of classes with options in hitting, pitching, catching and all-round game improvement.

Pinnacle Sports

CURRENT SESSION
REGISTRATION IS CLOSED

WINTER 2 SOFTBALL CLASSES
JANUARY 4th - FEBRUARY 21st

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Winter 2 softball classes are here! If your and advanced player or young novice there is a class for you. Coach Glenn McCoy leads a number of classes with options in hitting, pitching, catching and all-round game improvement.