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PinnacleSports.com Executive Available To Discuss “March Madness” Betting Trends
WILLEMSTAD, CURACAO (March 13, 2006)—With office pools and online betting
gaining in popularity and acceptance each year, “March Madness” has
surpassed even the Super Bowl as the most widely bet annual sporting event
in North America. Of the estimated $3.5 to $4 billion wagered on last
year’s NCAA tournament worldwide, industry experts predicted at least one third of that total was bet online. The largest sports betting site on the Internet, PinnacleSports expects betting on the NCAA tournament to dwarf that of this year’s Super Bowl and is available to discuss a wide range of betting trends on the tournament.
While the 182 sports books in Nevada are expected to take approximately
$90 million in “March Madness” bets, estimates indicate that online
bookmakers as a whole will record nearly $1.3 billion in NCAA tournament
wagers. Even more impressive is that the $1.3 billion represents more than
doubles the estimated $600 million wagered online on this year’s Super
Bowl. With the highest online limits and odds that offer consistent value
to the player, PinnacleSports is recognized by both gaming experts and
its peers as being the leading online sports book in the world. For this
year’s tournament, PinnacleSports will accept online wagers from as
little as $1 to a maximum of $30,000 with low margin wagering that gives
bettors up to 50% better value than traditional bookmakers online or in
Nevada.
“While buzzer beaters and upsets grab the headlines, what really
captivates millions is their vested interest in office pools rather than
the performance of their favorite team or alma mater,” said Simon Noble of PinnacleSports. “For every person that enters an office pool, there’s
a good chance you will find another placing a bet on the tournament games
over the Internet. As more consumers realize the safety and convenience
online sportsbooks provide, the Internet will continue to be the
destination of choice for betting on major sporting events like the NCAA
tournament.”
Since founding the first Internet sportsbook in 1996, Mr. Noble has
witnessed the explosive growth of online gambling firsthand. He is
available to discuss several betting-related issues, including:
· Gambling trends and facts regarding the NCAA Tournament
· The growth of Internet sports betting
· Online versus traditional sports gambling
· Government regulation of Internet gaming
· The setting of “March Madness” betting lines
· Patterns and trends in the bets placed so far
· Unique NCAA Tournament-related betting options available at
PinnacleSports
PinnacleSports was the first sportsbook to release betting lines on
this year’s NCAA tournament games, posting point spreads as the first
round match-ups were announced Sunday night. The company will offer
thousands of wagering options on the tournament including player
propositions, futures and live in-game betting. For more information and acomplete list of NCAA Tournament betting odds, please visit
pinnaclesports
About PinnacleSports
PinnacleSports is the Internet’s largest sports betting site serving customers in more than 80 countries worldwide. Founded in 1998, PinnacleSports was the first sports book to introduce reduced margin wagering, using a -105 pricing model that gives bettors up
to 50% better value on wagers than traditional bookmakers. With low
minimum bet requirements and the highest maximum limits on the Web,
PinnacleSports.com has earned an industry leading reputation for providing consistent value to the player, professional customer service and the quickest payouts online. Fully licensed and regulated in Curacao, the company offers a secure environment for sports betting, racing and casino gaming.
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