Pinny Hardly paying full track odds
Even though Pinnacle says they pay full track odds on all bet types, they don't. All of their bets are subject to a max payout per race, which dramatically reduces the payout.
The per race payout limits range from $5,000 to $25,000. For example, I can't win more than $5,000 on all my bets on a single race if I am betting on Philadelphia Park, 10,000 if I am betting on Bay Meadows, 15,000 if I bet on Pimlico and not more than 25,000 if i bet on churchill. Those limits really cut down the payouts on all wagers, but especially the PK3s and PK4s.
For example, if I bet 500 to win on a runner and then do a $100 PK3 that ends in the same race, if my 500 win bet pays 4:1 and I win $2,000, I can't win more than $3,000 on the PK3 if i bet at Philadelphia Park, which works out to an effective cap on the PK3 bet of 30:1. What a joke. Who would want to play PK3s with a max payout of 30:1. When plenty of people are paying lots more.
I could go on with more examples, but the point being that Pinny DOES cap their payouts, they just do it in a sneaky way by saying they pay full track odds, but then limit it severly, especially for the higher payout exitics, by using the low per race net win limits.
Even though Pinnacle says they pay full track odds on all bet types, they don't. All of their bets are subject to a max payout per race, which dramatically reduces the payout.
The per race payout limits range from $5,000 to $25,000. For example, I can't win more than $5,000 on all my bets on a single race if I am betting on Philadelphia Park, 10,000 if I am betting on Bay Meadows, 15,000 if I bet on Pimlico and not more than 25,000 if i bet on churchill. Those limits really cut down the payouts on all wagers, but especially the PK3s and PK4s.
For example, if I bet 500 to win on a runner and then do a $100 PK3 that ends in the same race, if my 500 win bet pays 4:1 and I win $2,000, I can't win more than $3,000 on the PK3 if i bet at Philadelphia Park, which works out to an effective cap on the PK3 bet of 30:1. What a joke. Who would want to play PK3s with a max payout of 30:1. When plenty of people are paying lots more.
I could go on with more examples, but the point being that Pinny DOES cap their payouts, they just do it in a sneaky way by saying they pay full track odds, but then limit it severly, especially for the higher payout exitics, by using the low per race net win limits.
