Pinnacle Sports, jocked-out home of sports betting galore, has taken a cue from all the Hedge Street boys and started offering odds on the U.S. housing market. Pinnacle has opened betting lines on the median home prices forthe third quarter of the year in more than 40 markets where bettors can wager on the over/under at -105 (i.e., win $1 for every $1.05 bet). No you can’t bet on housing prices in Biloxi, Mississipi or New Orleans, so don’t ask.

Read More » Betting Houses Offer Betting on Houses

PinnacleSports is making things very lucrative for football bettors this year, reducing all sides to -104 instead of -110:
Instead of paying $110 to win $100 on the Patriots versus the Raiders in the NFL season opener, customers only have to lay $104 to win $100 at PinnacleSports.com. Using this model, although a player would stand […]

Read More » Just in Time for Footbal Season: Reduced Juice

Apparently Pinnacle Sports has established pole position as the online gambling site consistently associated with wagering on the rising gas prices. Their PR team is working extra hard to get them quoted in every single story about the phenomenon. Blow jobs all around! Today’s story via Yahoo News, however, points out an interesting phenomenon about the wagering and its obvious similarity to "legitimate" oil futures investments:

For those with greater appetite for speculation, the Nymex also offers an electronic auction of investment instruments that are a hedge against changes in the statistical data about U.S. crude-oil inventories released weekly by the Energy Information Administration, part of the Energy Department.

Read More » Media Loves Gas Price Betting Phenomenon

So, it’s not just America that goes inexcplicably apeshit for mediocre singers wrapped in canned melodrama. The finals of Canadian Idol have begun and, of course, there are odds. The hockey-loving books at Pinnacle Sports are putting a fella named Rex Goudie as the favorite at 7/4 odds.

Read More » Reality TV Betting: It’s a Canadian Sing-Song Showdown