In this Pinnacle Sports review we have for you today, we look at how and WHY Pinnacle has been so successful in carving out a niche-audie with their platform.
Pinnacle was founded in 1998 and has since then grown into one of the largest sports betting sites in the world with a client base in more than 100 countries and is available in 19 different languages.
In today's Pinnacle Sports review, we will shed light onto various aspects of Pinnacle Sports and analyse its strengths and weaknesses in detail.
Pinnacle is different from other popular online sports betting sites in several ways.
Indeed, the differences between Pinnacle sport and other online sports betting sites are so stark that it’d be a mistake to compare it with any other betting site or bookmaker as Pinnacle is in its own league when it comes to sports betting and bookmaking.
Pinnacle is considered as the Walmart of sports betting by many experts due to the low margins- high volume price model adopted by the company. Another feature of Pinnacle is the no sign up bonus as almost all other online sports betting sites use sign up bonuses to attract new clients.
Pinnacle is straight-forward in its approach to bonuses and they have never offered any type of sign up bonus since their establishment in 1998.
Pinnacle’s reasoning is that they are already giving an indirect bonus via the low profit model adopted by them as with Pinnacle an average bettor is going to win higher amounts over long term and this effectively more than compensates the new users for the lack of a signup bonus.
The low-key approach is evident in almost everything which Pinnacle does, as the company is known for shunning any type of advertising and has also adopted a number of things for keeping their operating costs low.
Pinnacle Sports Review: Here Is What to Expect
Name: Pinnacle Sports
Bonuses: No Bonus
Minimum Deposit: £10/€10
Our Rating: 04/05
A Brief Look Into Pinnacle Sports
Pinnacle was founded in 1998 in Curacao, Netherland Antilles and at present is registered in Curacao which is now a constituent country of the Kingdom of Netherlands and has its own separate jurisdiction, currency and laws regulating gambling and betting.
Pinnacle may seem exotic to users who have grown habitual of placing bets only via bookmakers based in English speaking countries such as the UK or the Ireland as it’s different than these traditional bookmakers or online sports betting sites in several ways.
Pinnacle has since its inception solely focused on online sports betting and although they’ve now started offering casino and other gambling features provided by their competitors, sports betting is still their main bread and butter.
Pinnacle is regulated by Government of Curacao which as the successor to the Government of Netherlands Antilles and was awarded a Class II remote Maltese gaming licence from the Government of Malta in 2015.
As such it is regulated by both the governments and offers online sports betting services to its clients on the basis of these 2 licences.
Pinnacle offers most of the sports offered by other popular online sports betting sites and also has some unique sports such as drone racing which are not offered by other players.
Indeed, Pinnacle has carved out a niche for itself in the eSports betting category which they added in 2010.
They reached the milestone of 1 million eSports bets in December 2014 and recently announced that they have processed more than 5 million eSports bets up to February 2017.
Unlike many of their competitors, they are not focused on the English-speaking countries of western Europe or North America as users from the UK and US are not allowed to place a bet using their platform.
Instead, Pinnacle has an international user base with account holders in multiple countries.
Pinnacle used to have a vibrant presence in the US where they used to have around 60% of their customers until 2007. The company ceased operations after changes in legislation which practically outlawed online gambling.
Nonetheless, Pinnacle is a unique company and as such it’d be a mistake to compare it with any other online sports site.
As with everything about Pinnacle, they are different and you must be under no impression that this is your average bookmaking site as after reading this Pinnacle Sports review, you’ll be able to see for yourself how Pinnacle is really unique in this space.
Sports Betting Offerings / Markets
Pinnacle sports has one of widest possible collection of sports and eSports. Although, discussing the eSports offered by Pinnacle on their betting website will be out of scope for this review and as such we will only discuss traditional sports offered by them.
Although, in some markets where they operate, popularity of eSports is far ahead of traditional sports and as such it is possible that in at least a few countries Pinnacle’s eSports operations are keeping the things going for them.
Which betting markets does Pinnacle Sports offer?
- Aussie Rules
- Mixed Martial Arts
- Rugby League
Pinnacle allows one to bet on an ongoing match or event which has not yet finished via their Live In-Play feature. Although, unlike other sports betting sites, their live in-play options are limited to a few sports namely Basketball, Soccer and Tennis.
Their Live In-Play feature in addition to the regularly offered specials on various sports make the site lively and allows one to experience the adventure of live streaming and in-play betting.
Pinnacle’s Customer Service: Can They Help?
Customer service is one area where Pinnacle can improve significantly as at present they offer customer service support only via email. Unlike other popular betting sites, there is no Live Chat, Twitter or Telephonic customer care option provided by Pinnacle.
Although, Pinnacle support staff usually replies within few hours to all the requests submitted to them via email, speed of email is certainly no match for a live chat or even a simple old fashioned phone call.
One helpful feature of the Pinnacle’s customer support is the vast number of languages in which they offer customer support as currently they offer support in:
English, Chinese, Czech, Finnish, French, German, Hebrew, Italian, Japanese, Korean, Norwegian, Polish, Portuguese, Russian, Spanish and Swedish languages and this allows them to resolve the issues faced by most of their customers who reside in the countries where the above mentioned languages are used.
Pinnacle Mobile Apps
Pinnacle doesn’t have a mobile app either for Android or iOS smartphones, but they have a mobile version of their website which has been specifically designed for smartphones and tablets.
Mobile version of Pinnacle website is extremely easy to use and a user can perform all the functions through their mobile site which can be performed from their desktop site.
What Deposit Methods & Currencies Are Available?
Pinnacle supports a number of currencies along with deposit and withdrawal methods as its clients are based in several different countries and not all may have access to a single currency, deposit or withdrawal method.
See here for a full list of currencies accepted by Pinnacle
In addition to supporting multiple currencies, Pinnacle also supports several deposit and withdrawal methods and it can be said that few other betting sites offer such a huge variety of payment processors to their customers.
All major credit and debit cards, paysafecard, bank transfer, entropay, ecoPayz, idebit, moneta, neteller, qiwi wallet, skrill, sofort and webmoney can be used for depositing funds to your Pinnacle account.
Paysafecard, bank transfer, EntroPay, ecoPayz, iDebit, Neteller, qiwi wallet, Skrill and webmoney can be sued for withdrawing funds from your Pinnacle account.
How to Withdraw Your Winnings from Pinnacle Sports?
Withdrawing money from Pinnacle is easy as you can easily cash out your winnings by just a few clicks. All you need to do is to go to the withdrawal section found under the “my account” tab once you are logged in to your Pinnacle account.
Now, just fill in the amount you want to withdraw and select the withdrawal method. Your withdrawal will be credited to your payment processor account within next few hours.
Deposit & Withdrawal Times at Pinnacle
Deposit and withdrawal times at Pinnacle are at record low as Pinnacle has a reputation in the industry for shortest deposit and withdrawal times. Deposits are processed instantly for most of the deposit methods and withdrawals are processed within few hours.
In case of withdrawals and cash out requests via Skrill and Neteller, Pinnacle processes cash outs within minutes and people have reported receiving their cash outs within 5 minutes in their Skrill and Neteller accounts.
The Min / Maxi Deposit / Withdrawals Allowed
Pinnacle has minimum/maximum deposit and withdrawal limits in place for each and every payment method used. In some cases, these limits are affected by the payment processors, account limits imposed by Pinnacle or payment processor on your account.
Minimum amount which can be deposited to a Pinnacle account is $10 with most payment processors, although this can be as high as €50 with other payment processors.
Maximum deposit limits vary greatly depending on the payment processor and can vary from $300 per transaction for Paysafecard to $50,000 transaction limit for Neteller.
Withdrawal limits also work like deposit limits and each and every processor has its own minimum and maximum withdrawal limit.
Minimum withdrawal in case of most payment processors is more than $15, as Pinnacle charges a fee of $15 per withdrawal for all payment processors and as such it may not be logical for someone to withdraw anything less than $15.
Maximum withdrawal limits vary greatly and can range from $2,800 per transaction for Visa/MasterCard to $50,000 and $60,000 for Neteller and Skrill respectively.
See Pinncale's payment options here.
Are There Any Fees to Look Out For?
There are fees for using most withdrawal methods in general as Pinnacle charges a flat $15 withdrawal fees irrespective of the payment processor chosen by you for a cash out. Deposits are generally free, but a fee of 3.45% is levied for deposits made by paysafecard.
Pinnacle Sports Starter Bonuses
Pinnacle doesn’t and has never offered a starter bonus and this in a way separates them from their customer who use bonuses and promotions of all sorts for attracting new customers.
Instead, Pinnacle has prided itself as having the lowest margins in industry which allows their customer to earn more as the company works on a low profit high volume model.
Who Is Pinnacle Sports Good For?
Pinnacle sport is different from majority of sports betting sites and some of their features may appeal to one type of user while at the same time may repel another type of customer.
Nonetheless, the company has carved out a niche for itself in the online sports betting world and has been clear from the beginning about the type of customers they want to attract.
This ability to stand alone and move forward is what separates Pinnacle from their competitors.
Pinnacle is a good site for intermediate to advanced level bettors and seasonal punters who are looking to bet with an honest and low profit taking bookmaker.
With the low profit margins of Pinnacle an average bettor is poised to earn more on a long-term basis, although in the starting it may be difficult to sign up for an account with no sign-up bonus and other perks which have become a sort of norm across the industry.
Overall Rating: 04/05
After considering all the facts and analysing all the information about Pinnacle, we’ve decided to assign it a rating of 9/10 due to various factors.
Primary factor is the business model adopted by the company, which allows bettors to earn more if they stay with the company and has been the main reason for the success of company.
The only thing which Pinnacle needs to improve is the customer support as sometimes email may not be the preferred way to reach a customer who needs an urgent solution to his/her problem.