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  #1  
Old 12th March 2018, 11:27 PM
Chrome Prince Chrome Prince is offline
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Angry Pinnacle Sports

What a pity we are now no longer able to use Pinnacle due to the interactive Gambling Legislation aka nanny State. Just got this today...

Dear xxxxx,

Pinnacle is unable to offer services in your jurisdiction after March 12th, 2018. We apologise for the inconvenience.

Effective immediately:

You will be unable to deposit funds.

You will be unable to place bets.

All pending wagers will be cancelled and refunded to your account.

You will be able to withdraw funds until April 20, 2018. Please make sure we have your verified ID and address on file so that we may process your withdrawal request.


It was a fantastic resource and second income for me, what another disaster, and I think there's much more bad news to come, as the Government takes control of our lives further supposedly for our own good, because they know what's right for ALL of us.

Whinge over
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  #2  
Old 13th March 2018, 08:27 AM
evajb001 evajb001 is offline
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I've used pinnacle as well in the past chrome and you're right its utter garbage that we're unable to place bets with them. Not only do they offer a product that is actually useful for the punter with low takeouts but they even have a resource area that tries to help punters be profitable or improve their betting.

It really annoys me that they first outlawed online poker and now are gradually stamping out any resource that doesn't suit the government narrative or fill their pockets. The people making these decisions are unlikely to have placed a bet in their life or talk to anyone that actually utilizes betting in either a professional or appropriate recreational way.

I understand problem gambling is a rather big issue in this country but there HAS to be better ways to a) get a little of the income offshore bookies make into local sports/governments and b) limit problem gambling more efficiently without outlawing products/competitors completely.

It's essentially lazy in the manner that they've just decided "nah we don't like this so lets ban it" instead of finding alternative options that help everyone maintain a piece of the action in some form.
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  #3  
Old 13th March 2018, 05:21 PM
UselessBettor UselessBettor is offline
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I am not across the details of this but a few thoughts based on no research at all. Feel free to point out my ignorance,.

It didn't say it was due to the interactive gambling legislation.

My assumption is they always had the chance to structure their business to offer their services to Australia but worked out it was not economical.

While yes I agree in the end illegal bookies will continue to ignore the law, I do hope people finally get on board the companies which pay tax here and are appropriately accredited.

Why should the companies doing the right thing have to pay extra costs while offshore bookies get away with not having to pay the equivalent costs.
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  #4  
Old 13th March 2018, 06:16 PM
Mark Mark is offline
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Always reasonable to have a whinge about bookies closing your a/c or having to close accounts. I've added Classic Bet and Neds, in the past fortnight, to my collection of alleged bookmakers who no longer want my business.
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  #5  
Old 13th March 2018, 09:14 PM
Chrome Prince Chrome Prince is offline
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Any bookie not located in Australia, this includes online casinos and Pinnacle etc. can no longer offer Aussies accounts due to the new legislation.
I get your point UB, but they don't say it's because of tax, they say it's to stop us betting and losing.
That's why we can't use any UK based bookies, Pinnacle, online casinos, Betdaq or even the NZ tote etc.

However, it's not just tax related, because for over more than a decade I could bet with the UK bookies (based in the UK). It's the racing clubs saying their data, fields, form etc are their intellectual property. That's why Betfair charges extra commission and the rates are different for each State. I think it's a load of old cobblers, because if I have a horse running at Flemington, it's name is registered to me as an owner and I paid for it, so I own all data pertaining to my horse.

At 8% commission in some States, the whole idea of Betfair from it's ground roots has been eroded.
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RaceCensus - powerful system testing software.
Now with over 304,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 30/09/2018
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
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  #6  
Old 13th March 2018, 09:17 PM
Chrome Prince Chrome Prince is offline
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Quote:
Originally Posted by Mark
Always reasonable to have a whinge about bookies closing your a/c or having to close accounts. I've added Classic Bet and Neds, in the past fortnight, to my collection of alleged bookmakers who no longer want my business.


How are you getting around having your accounts closed Mark?
You can email me anytime.
__________________
RaceCensus - powerful system testing software.
Now with over 304,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 30/09/2018
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
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  #7  
Old 13th March 2018, 11:38 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Chrome Prince
Any bookie not located in Australia, this includes online casinos and Pinnacle etc. can no longer offer Aussies accounts due to the new legislation.
I get your point UB, but they don't say it's because of tax, they say it's to stop us betting and losing.
That's why we can't use any UK based bookies, Pinnacle, online casinos, Betdaq or even the NZ tote etc.

However, it's not just tax related, because for over more than a decade I could bet with the UK bookies (based in the UK). It's the racing clubs saying their data, fields, form etc are their intellectual property. That's why Betfair charges extra commission and the rates are different for each State. I think it's a load of old cobblers, because if I have a horse running at Flemington, it's name is registered to me as an owner and I paid for it, so I own all data pertaining to my horse.

At 8% commission in some States, the whole idea of Betfair from it's ground roots has been eroded.



I agree it sucks. But its all a money grab as you have said for tax and racing bodies. They will end up killing the golden goose at some point as more people turn to sports betting.
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  #8  
Old 14th March 2018, 12:18 AM
Chrome Prince Chrome Prince is offline
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Just seen the interview with the CEO of Sportsbet stepping down.
Here comes more bad news:
http://www.abc.net.au/news/2018-01-...ictoria/9336846

Consumption tax is going to kill the industry because the bookies already pay product fees and GST. They're talking about 15% as a start!

William Hill Crown Bet merger likely as well, so less competition is detrimental to the punter, because the odds will be dictated by the big four or five only.
__________________
RaceCensus - powerful system testing software.
Now with over 304,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 30/09/2018
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Last edited by Chrome Prince : 14th March 2018 at 12:24 AM.
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  #9  
Old 14th March 2018, 06:21 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Chrome Prince
Just seen the interview with the CEO of Sportsbet stepping down.
Here comes more bad news:
http://www.abc.net.au/news/2018-01-...ictoria/9336846

Consumption tax is going to kill the industry because the bookies already pay product fees and GST. They're talking about 15% as a start!

William Hill Crown Bet merger likely as well, so less competition is detrimental to the punter, because the odds will be dictated by the big four or five only.


Yep its in the decline.

If they can't see the trend of people already turning away from the industry because of fees, taxes and legislation then they will never see it till its too late.

I would suggest people start covering themselves in other sports as that is the growing area.

Eventually we might be back to just the TAB again as the only bookie to bet with if they continue with all of these industry killing ideas.
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