Tried making money from value betting but found that the software out there don’t cover many bookmakers in your country?
Perhaps you’ve been limited by all of the sportsbooks covered by the software you’ve tried, and you’d like to look at value betting with the remaining soft bookmakers in your country?
If so, you’re in luck, because in this review I’m taking a look at Pinnacle Odds Dropper (POD), a relatively new value betting tool that is unlocking new possibilities in the world of profitable sports betting.
If you read on, I’ll also show you how to use an exclusive coupon to get 15% off your first month subscription with POD!
What Is The Odds Dropping Strategy?
The underlying principle of the odds dropping strategy is that there are sharp bookmakers out there that are very successful at quantifying the probability of particular outcomes occurring.
The odds set by these bookmakers are considered to be close to the ‘true odds’ for that outcome (in reality the sharp bookmaker is adding on a profit margin, commonly called the ‘vig’ or ‘vigorish’).
Soft bookmakers know that sharp bookies are excellent at pricing outcomes, so they often base their own odds on those at the sharp bookmaker. However, they tend to do this with a slight delay (typically a few minutes).
The odds dropping strategy involves tracking the odds at the sharp bookmakers and identifying when the sharp bookmakers significantly drop their odds for a particular outcome.
This may be due to a large number of bets being placed on that particular outcome, or for other reasons like player injury.
Once this occurs, you scan the odds at the soft bookmakers for their corresponding odds.
If you find a soft bookmaker that is offering significantly higher odds than the sharp bookmaker for a particular outcome, then it is likely that their odds are mispriced and that placing a bet with them will give you an edge, also known as value.
How Does Pinnacle Odds Dropper Work?
Pinnacle Odds Dropper (also known as POD) is a value betting software based on the odds dropping strategy. As you might have expected, it uses the popular sportsbook Pinnacle as its yardstick for measuring ‘true odds’.
POD continuously tracks the Pinnacle odds and stakes across thousands of events, providing you with alerts whenever there is an odds drop.
You can then use this information to check the odds with your soft bookmakers of choice and identify value bets.
As POD provides you with the raw Pinnacle data (unlike other software which just show you value bets at soft bookmakers), you can use it to identify value bets at any bookmaker, in any country.
This is incredibly powerful, as it unlocks opportunities at many bookmakers that just weren’t possible before.
As an example, I know first-hand that most value betting software only cover a handful of the 20+ bookmakers in Australia, meaning that value betting wasn’t possible with the majority of them until POD came along.
Pros & Cons
Before we take a look at the features of POD in detail, let’s quickly take a look at the main pros and cons of the tool.
One of the things I like the most about the Pinnacle Odds Dropper is the simplicity of its interface.
On first glance it can appear a little overwhelming, but you quickly get used to it and realise how all the data you need is nicely displayed on a single page.
I’ve said it before and I’ll say it again, the quality of the interface is one of the most important components of any profitable sports betting software.
An unnecessarily complex interface leads to wasted seconds or minutes locating important data, which can lead to lost opportunities.
Clearly, the developers at POD have put plenty of thought into the design of their interface, and it shows. As an aside, I love the terminal-style theme they’ve gone with, it feels a bit retro and is quite easy on the eyes.
Anyway, let’s take a look at the two main screens available in POD.
The events screen is where you can find information for one or more events.
The bulk of the screen is taken up by a large table which displays information for each of the events and outcomes (outcomes related to match or 1st half events are supported for most sports).
For moneyline, spreads and totals markets, you can see the current values, previous values and opening values for each of the following:
- The price (ie. odds)
- The vig (as a percentage)
- The limit (in dollars)
For the current values, there is also the No Vig Price (NVP), which is the current price with Pinnacle’s vigorish stripped away.
This represents the ‘true odds’ for this outcome, and if you can find higher odds than this value at another bookmaker, you have most likely found a value bet. The higher the odds you find, the more profitable the value bet.
Displaying the NVP is something that other value betting software don’t do, and this is the reason why you can use Pinnacle Odds Dropper to do value betting with any bookmaker on the planet.
Naturally enough, the events that you will be most interested in are those where the current price or limit has dropped significantly relative to the previous price or limit. That’s where the alerts page comes in.
To save you from manually trawling through the thousands of events that Pinnacle has on offer, POD lets you set up alerts to notify you when an outcome that matches your filters experiences a drop in odds, change in limit or an opening line.
I’ll cover the specific filters you can deploy shortly, but for now, let’s take a look at what the alerts page looks like.
At the top of the alerts screen, you can select individual alert filters you have set up, or simply look at ALL, which is an aggregation of all your alerted events/outcomes.
This brings up a table of these events/outcomes, with information such as the outcome, the current/previous price, the price drop as a percentage, and most importantly, the no vig price that you need to beat.
One of POD’s greatest strengths is also one of its weaknesses. Displaying the No Vig Price means that you can find value bets with any bookmaker, but it also means that the Pinnacle Odds Dropper does not find value bets for you.
It simply finds outcomes where there are likely to be value bets at other bookmakers. It’s up to you to check those odds and verify whether any value bets actually exist, and calculate how much to stake on each bet.
This means that POD is a bit more complicated than other software which spoon feed you the value bets, and that there’s a much greater risk of human error.
If you are brand new to the world of value betting, you may be better off with another tool that finds the value bets for you.
Selecting any of the rows on the alert screen will bring up a table with an interactive graph and table on the right hand side of the screen.
The graph and table show the price and limit history at Pinnacle for that outcome, which can give you some additional insight into how the price has progressed since opening. It’s also useful for looking at the price volatility.
It’s a neat feature that lets you know at a glance whether the price was relatively stable leading up to the drop (which might suggest Pinnacle are more confident in their pricing), or whether there has been plenty of volatility, which could mean that it’s difficult to establish the ‘true odds’.
There are different screens for dropping odds alerts, changing limits alerts and opening lines alerts.
Searching & Filtering
Like other software, the Pinnacle Odds Dropper lets you hone in on very particular types of events and outcomes by using a sophisticated set of filters.
In the events screen, you have the ability to search by event or participant (in the launchpad), or you can simply filter events by sport (currently 9 sports available to choose from).
However, the filtering is done when you create a new alert. You can filter based on the following:
- Alert type (dropping odds, limit change or opening line)
- Markets (moneyline, spreads, totals)
- Periods (usually match or 1st half)
- Limit change direction (for limit change alerts only)
- Minimum drop/change percentage (10%+ is recommended)
- Time interval (period between ‘current’ and ‘previous’ price/limit values)
- Max time to match start
- Odds range
- Limit range
This is a comprehensive list of filters, and allows us to slice and dice matches as we see fit. I recommend experimenting pretty liberally with these alerts until you get a feel for what works for you.
The default filter settings tend to result in lots of events/outcomes being found, so you might want to tighten them up a bit to get fewer, higher quality notifications.
Multiple Odds Formats
As of a recent update, POD offers both decimal and American odds, which makes it easy to use for just about everyone other than the Brits with their fractional odds.
There’s a user chat box in the bottom right corner of the screen, where users can discuss tips with each other, as well as receive prompt support from POD staff.
There’s often interesting discussions in the chat about what filters are best for various sports/leagues.
In addition to the user chat, there’s also a dedicated Telegram channel for premium users of Pinnacle Odds Dropper.
This may sound like a silly thing to list under ‘features’ but trust me, this is important.
One of the things that you will notice immediately upon opening POD is that there are keyboard shortcuts for just about everything.
This lets you switch between views much faster, which ultimately means that you can access opportunities faster.
I think that this is a fantastic idea and I would love to see other software implement keyboard shortcuts like this.
Pinnacle Odds Dropper currently covers the following sports:
- American football
Pinnacle Odds Dropper currently offers two pricing tiers - Silver and Gold.
Silver gives you just about all of the features we’ve discussed in this review, bar the limit change and opening line alerts.
You still get real time odds, dropping odds alerts, pre-match and live odds, full price history, as well as access to the Telegram group.
Silver will set you back $39 USD per month, whereas Gold costs $69 USD per month. Note that the pricing will be automatically adjusted to your home currency, based on what country you're in.
There's also a 21 day money back guarantee, so you can give POD a spin for up to 3 weeks and still get your money back if you're not happy with it.
Even better, POD has offered a 15% off coupon for readers of The Arb Academy.
15% OFF Discount!
POD have generously agreed to offer a 15% discount on the first month of any subscription to their software for readers of The Arb Academy!
Use the button below to redeem your discount! It will automatically be applied at checkout (after you have signed up) if you use this link.
When you consider that most decent value betting software cost well over $100 per month, I think that POD’s pricing is very reasonable.
If you are just getting started with POD, I personally think Silver is probably enough for you.
Experiment with the alert configurations and if you find that you want the limit change and opening line alerts too, then consider upgrading to Gold.
Honestly, Pinnacle Odds Dropper is an impressive piece of software. It’s not just a repackaging of the same software that’s already on the market - it genuinely offers something new.
In saying that, I think that it’s not necessarily ideal for first time value bettors.
The fact that it doesn’t find value bets for you means that human error is an ever present danger.
Novice value bettors will take too long to verify odds on bookmaker sites (leading to missed opportunities), or will place bets incorrectly (leading to losses). There’s also a higher chance of poor staking, which leads to a higher chance of going bust as well.
The real market for Pinnacle Odds Dropper is value bettors with some experience. In particular, it will appeal to those who have used other tools, but have found themselves limited by the bookmakers covered on those tools.
POD unlocks new opportunities by allowing bettors to find value bets with any bookmaker they can create an account with, which is very powerful, and in my opinion, well worth the modest subscription fee.