PinnacleSports.com was the first sportsbook to take a unique approach to online betting, using a low commission, high limit online betting model facilitated by advanced odds-setting and proprietary risk management solutions which enable it to offer online sports betting with the best odds, up to 60% than traditional sportsbooks. The company’s unique approach to online betting has earned it a special status in the world’s gambling community, it serves customers in over 100 countries, including many professional gamblers.Sign-Up Now For An Account With PinnacleSports.comGetting Best Odds - Understanding How Bookmakers Work
In simple terms, online bookmakers make a profit by pricing their online betting markets so that the odds offered do not fairly represent the actual statistical probability of the event concerned. The simplest analogy is betting on a coin toss, which statistically represents a 50/50 chance (even money or 1/1) on either outcome – heads or tails. When betting with a friend, you’d bet €10 to win €10.
Most online bookmakers however, would offer heads or tails at odds below 1/1, so you would for example have to bet €11 to win €10 (10/11) on what is essentially an equal chance. If one player bets €11 to win €10 on heads and another punter bets €11 to win €10 on tails, the bookie takes in €22 in bets but regardless of whether the outcome is heads or tails, he will pay out €21 (€10 in winnings and return the player’s stake amount of €10). The difference between the odds they offer, and the true price represents the bookies’ margin, in this case a €1 profit or 4.5% on turnover.
At PinnacleSports.com we typically price two-way markets - such as the five major European soccer leagues - to 102%, which offers the best odds, up to 60% better odds than traditional bookmakers. Using the example of the coin toss, you would have to win close to c. 53% of bets to break even with traditional bookmakers, but at a low margin online sports book like PinnacleSports.com you would only need to win c. 51% of your picks to break even.Sign-Up for the Smarter Way to Bet at PinnacleSports.com.