Pinnacle, one of the first global bookmakers to offer odds on esports, has announced their second esports tournament. Their first tournament was Counter-Strike: Global Offensive and now, their second tournament will be DOTA 2.
The second Pinnacle Cup
This second esports event boasts a fairly sizeable prize pool. Some of the very best Dota 2 teams from across Europe will be competing for a piece of the $100,000 prize pool. The competition kicks off on May 5th and it will consist of a basic 10-team round-robin stage, followed by a best-of-three double-elimination bracket. Two teams will be invited to the playoffs to join those qualifying via the round-robin stage. Then there will be the semi-finals and a best-of-five grand final, which is scheduled to take place on May 30th.
Keep an eye out for some of your favourite European teams that will be competing in the upcoming esports event. Teams like Viking.gg, Spirit, Hellbear Smashers, and Extremum will be competing in the event. Pinnacle will also be offering a comprehensive selection of both pre-game and live betting markets for anyone interested in DOTA 2 betting.
Comments from the organisations
Pinnacle CEO, Paris Smith, spoke about the upcoming DOTA 2 tournament:
“After a fantastic start to the Pinnacle Cup, we are delighted to carry on this series with RELOG Media, expanding further into the esports ecosystem. The heart of what we do at Pinnacle is engaging with the esports community, and with the introduction of the Pinnacle Cup – Dota, we plan to further reinforce that connection with the wider esports audience.
“There is no better way for us to continue this journey, than branching out into Dota 2, where we can continue offering fans the best connection to their favourite esports teams and players. We are ambitious and excited for what this tournament will bring and look forward to continuously setting the standard for these types of event.”
Milutin Pecic, Relog Media CEO also added:
“As passionate Dota 2 players at Relog Media, it’s an absolute pleasure to dive into the Dota 2 community with Pinnacle alongside us. We hope this is just the start of our offerings to the competitive teams across the globe. Pinnacle’s track record and success in Esports so far made it an easy decision for us to go forwards. We also had a ton of fun in the CSGO edition of The Pinnacle Cup. A proud day for us all here at Relog Media”
Pinnacle is a leader in the online betting industry. They began in 1998 as Pinnacle Sports and grew in popularity by offering their users a reduced margin pricing model. They offered better odds at lower margins. The consumer confidence in the company has allowed them to operate for over 20 years. Their pedigree and willingness to explore new ideas in the betting industry has placed them at the forefront of several emerging industries.
They developed risk management strategies for their users to make sure they never bet more than they can afford, they produced educational content to help users understand the business, and most importantly, they were the first global bookmaker to offer odds on esports. What began in 2010 as an experiment in different types of online betting for the company quickly grew into a huge profit maker. In February 2017 Pinnacle announced that had reached the milestone of 5 million esports bets. It has become one of their largest markets. Now they are making the most of their new esports market share by hosting their own tournaments as Pinnacle Esports.