Players, I have a bad news from my favoriate on line book Pinnacle Sports.
They are discouraging Sharp plays and changing their policies.
What's with the changes? They are taking bad advise, as far as I'm concerned, on how to increase the bottom line.
I will be withdrawing my account along with recommendation to all team members. I hope your reading this Simon, the reaction will be swift.
This is the Pinnacle news release:
Online Sportsbook Admits Error In Offering Reduced Juice On All Sports WILLEMSTAD, CURACAO (April 1, 2006)—Leading online sportsbook PinnacleSports.com today announced that the company will be changing its’ business model by no longer offering reduced juice wagering on sporting events that offers bettors up to 60% better value than other sports books. Following advice from management consultants, Pinnacle will begin offering traditional 20 cent lines on all major sports immediately – a major changefrom the current low margin betting options, but one that will increaseprofits substantially at the player’s expense. “Although we pioneered reduced margin wagering, the recent figuresreported by numerous companies that deal a 20 cent line or higher havemade us realize we’re simply giving our customers too good a deal,” saidSimon Noble of PinnacleSports.com. “This is a dramatic shift in ourbusiness model, but the bottom line is that we will make more money frombettors this way. We believe all our customers who have benefited from ourlow juice offerings will continue to bet with Pinnacle even though they’ll no longer save so much money on every bet they make. Instead, low juice wagering will be replaced by a ‘Pinnacle Pussycats’ swimsuit calendar anda regular column from a former playmate, while our linesmakers will be putto work devising ways of dealing dual lines and moving on aireffectively." In addition to restructuring betting margins, PinnacleSports.com has also decided to reduce betting limits to a maximum limit of $200 per bet. The executive team has also stipulated that Pinnacle Sports will be implementing a no wise-guy and no syndicate policy. With the Final Fourand start of baseball season this weekend, Pinnacle has determined that the best way to proceed in the future is to open betting on sportingevents only an hour or two before the game starts so that the line can be sharpened elsewhere.“We’ve thoroughly examined the marketplace and after meeting with management consultants, we realize it makes sense to not only increase thejuice, but to also decrease wager limits, discourage professional players and only give bettors an hour or two to bet on games before they start,”continued Mr. Noble. “While we opened betting on the Final Four gamesbefore the conclusion of the Florida/Villanova game Sunday, that will be athing of the past, as we hope to follow in the footsteps of thetrendsetters that guarantee to open betting by mid-day before an event.”To kickoff the business restructuring, PinnacleSports.com plans on throwing an extravagant party at a nightclub in Curacao headlined by C and D list celebrities. Additionally, the company is in negotiations to produce a made for TV mini series set to air at 3 a.m. on Saturdays onpublic access television. Pinnacle has also announced its intentions to purchase a fleet of Harley Davidson motorcycles using the company’s increased profits generated at the player’s expense so that Mr. Noble can appear at various events around the country with the ‘Pinnacle Pussycats’. For more information, please visit www.pinnaclesports.com
Happy April Fools day!
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