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Mar 14, 2017
Mar 14, 2017

Betting on the go made easy

How odds alerts work on Pinnacle Lite

How to hedge using the betting app

Betting on the go made easy
In 2015 we asked our R&D team to develop a betting app. The result: In March 2016 Pinnacle Lite became the first betting app to make betting on the go easier than ever. Due to popular demand, we are now expanding the number of available markets. Find out what Pinnacle Lite can do for you.

From browsing the latest odds for all the big sports and leagues and visualising historical odds movement in handy charts to setting notifications for when the odds are right for you and betting within the app, Pinnacle Lite has become the favourite tool of the Pinnacle bettor.

For that reason, we have now expanded the range of markets available for betting. Apart from the popular 1X2 and moneyline markets, you can now use Pinnacle Lite to bet on alternate lines for handicaps, total markets and period markets such as 1st half, 1st five innings, 1st period and much more. How does that help the sophisticated bettor to find profitable bets? Here's the answer. 

Use case: Arbitrage and hedging

Arbitrage betting is a system for exploiting differentials on odds for a specific market at two or more bookmakers and involves hedging your initial bet, by placing a subsequent bet on a different outcome in order to create a situation where there is a guaranteed profit, irrespective of the outcome. 

Arb situations occur because bookmakers differ in opinion and hedging opportunities occur when the betting activity causes the odds to fluctuate. In either case, keeping up with the odds movement is key to bettors looking for value bets.

Pinnacle Lite is now taking arbitrage and hedging to a whole new level by allowing you to be alerted once the market hits the price that will give you guarantee you a profit and to place bets from the comfort of your mobile phone.

How Pinnacle Lite works

Pinnacle Lite gives you access to the odds on all your favourite sports, with the unique feature of a chart showing the recent odds changes for each market. Let’s take a look at the odds movement of the over/under 2.75 market for the upcoming Premier League match between Arsenal vs. Watford on 2nd April.

Betting with the Pinnacle Lite app

After shortening from 1.769 to 1.926 within three days, the market Total goals: Over 2.75 is currently favoured by the Pinnacle odds, with the odds movement trending towards the possibility of less than 3 goals, hence the odds for Over 2.75 are moving up.

Let's suppose that you saw value in Pinnacle’s price for Under 2.75 at 2.180 on 21st March and placed a $100 bet.

This is how your profit/loss would look like at the moment you placed the bet:

How Pinnalce Lite works

Outcome Odds Amount Wagered Return Net Profit/Loss
Under 2.75 2.180 $100 $218 $218 - $100 = $118
Over 2.75 1.769 No bet placed 0 - $100

To offset your exposure by placing the same amount of money in the Over 2.75 market, you need to place a bet at minimum odds of 2.00. Anything above 2.00 will give you a guaranteed profit, irrespective of the score at the final whistle blow.

For that reason you decide to set an alert notification for the event that the Over 2.75 market reaches 2.10. 

arbitrage-over-under-market.jpg

Here’s your profit in the case of the market hitting this level allowing you to hedge your bet, by putting $100 on Over 2.75.

How Pinnacle Lite works

Outcome Odds Total amount wagered Return Net Profit/Loss
Under 2.75 2.180 $200 $100 x 2.18 = $218 $218 - $200 = $18
Over 2.75 2.10 $200 $100 x 2.10 = $210 $210 - $200 = $10

At Pinnacle we say we welcome winners and we mean it. Ready to play the betting game the Pinnacle Lite way? Download the app now!

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