Pinnacle: commission, effective odds and arbitrage
- Commission model
- No commission
- Rate (placeholder)
- 0%
- Even money after commission
- 2.000
- Lay bets
- no
- Profit on every outcome
- 5.00
- Total stake
- 100.00
- Sum of implied probabilities
- 95.24%
| Leg | Odds used | Effective odds | Stake |
|---|---|---|---|
| Back Outcome 1 | 2.100 | 2.100 | 50.00 |
| Back Outcome 2 | 2.100 | 2.100 | 50.00 |
| If this wins | Legs that pay | Gross return | Commission | Net profit |
|---|---|---|---|---|
| Outcome 1 | Outcome 1 | 105.00 | 0.00 | 5.00 |
| Outcome 2 | Outcome 2 | 105.00 | 0.00 | 5.00 |
Arbitrage: 5.00% return, 5.00 profit on every outcome
Pinnacle does not charge commission on top of its prices; its margin sits inside the odds. That makes it a useful reference for fair prices, and the calculators on this page compare it with exchanges that do charge.
Pinnacle is a sharp bookmaker with low margins and high limits, widely used as the reference line for fair odds. There is no commission; the margin sits inside the prices, which is why devigging Pinnacle's market is a common way to estimate true probabilities.
How Pinnacle commission works
With no commission, the price you see is the price you get. Compare it directly with an exchange's effective odds after commission to decide where to bet.
| Odds | Effective | American | Break-even | Net profit on 100 |
|---|---|---|---|---|
| 1.50 | 1.500 | -200 | 66.67% | 50.00 |
| 1.91 | 1.910 | -110 | 52.36% | 91.00 |
| 2.00 | 2.000 | +100 | 50.00% | 100.00 |
| 2.50 | 2.500 | +150 | 40.00% | 150.00 |
| 3.00 | 3.000 | +200 | 33.33% | 200.00 |
| 5.00 | 5.000 | +400 | 20.00% | 400.00 |
| 10.00 | 10.000 | +900 | 10.00% | 900.00 |
Backing at a bookmaker, laying at Pinnacle
Pinnacle does not offer lay bets, so the usual bookmaker-versus-exchange hedge is not available. Two-way arbitrage still works by backing one outcome at Pinnacle and the other at a bookmaker; the calculator above is set up that way, with Pinnacle's commission on its leg.
Using Pinnacle prices to find fair odds
Exchange prices are set by traders rather than by a bookmaker's margin, so after commission they are often close to the fair line. To use them that way, take both sides of a market, remove what little overround remains with the devig calculator pre-set to Pinnacle, and compare the result with the bookmaker prices you are offered. A bookmaker price above the fair line is value.
Comparing Pinnacle with other venues
The pairs listed at the bottom of this page each open an arbitrage calculator with Pinnacle on one leg and another venue on the other, commission applied to both. They are the quickest way to see how much two venues must disagree before a position pays.
Regions and verification
Pinnacle lists global among its markets. Availability, licensing and commission all differ by country; the figures on this page are arithmetic, not a statement about what you can access where you live.
Frequently asked questions
Can I lay bets at Pinnacle?
No. Pinnacle does not offer lay bets, so hedges against a bookmaker use a back bet on the other outcome instead.
Is Pinnacle a good source of fair odds?
Prices set by traders carry a small overround, so after removing it they are close to a fair line. Remember to account for commission when comparing with a bookmaker price you will actually take.
Does commission apply to every bet?
Most venues charge on the net result of a market rather than on each bet, so offsetting bets in the same market share one commission charge. This site models one bet at a time.