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Bet on The U.S. Chess League at Pinnaclesports.com

19 Oct 2005

WILLEMSTAD, CURACAO -- (PRESS RELEASE) -- In what is certainly a first in the game's long history, PinnacleSports.com today became the first sports book in the world to accept wagers on a professional chess league. The Internet's largest sports betting site, PinnacleSports.com is now taking action on all team matches and every individual game in the U.S. Chess League, a new eight-team league comprised of talented players from various cities across the country. Additionally, PinnacleSports.com has announced that it is co-sponsoring the Canadian Chess Team at the 37th Chess Olympiad in Turin, Italy from May 20 through June 4, 2006.

In the USCL this week's action features a highly anticipated match-up of division leaders when the New York Knights meet the Miami Sharks. With two of Miami's star players participating in an International Chess event in Puerto Rico, PinnacleSports.com has made the Knights the overwhelming 1/4 favorites to take the match and move to 7-1 on the season. In the New York-Miami meeting, PinnacleSports.com has made top-ranked Grandmaster Alex Stripunsky a 2/7 favorite to win his individual game versus Marcel Martinez, who meets Stripunsky in the absence of Miami's Grandmaster Julio Becerra.

In other league action this week, the San Francisco Mechanics have been listed as the 4/11 favorites over the Philadelphia Masterminds, who are currently 5/2 underdogs to win the match. Hoping to close in on a playoff berth, the Baltimore Kingfishers are 4/7 favorites to checkmate the last place Carolina Cobras. The toughest match-up to call this week pits the Boston Blitz against the Dallas Destiny, where PinnacleSports.com has Boston as a slight 10/11 favorite to win. The U.S. Chess League matches are played each Wednesday starting at approximately 7 p.m. Eastern and can be followed live online on The Internet Chess Club (www.chessclub.com) and through live streaming commentary on Chess FM (www.chess.fm).

"While it may not seem as popular as football or basketball, chess is played by millions around the globe and has as loyal a following as any other major sport," said Simon Noble of PinnacleSports.com. "Individuals have been betting on the outcome of chess matches for hundreds of years, so we felt it was only natural to offer the world a way to bet on the U.S. Chess League. This is our first foray in offering wagering on domestic chess leagues but not our first venture in handicapping the sport, after making history by posting betting lines on the recent FIDE World Chess Championship."

PinnacleSports.com also announced that the company will be a proud sponsor of the Canadian Olympic Chess Team at the sport's biggest event, the 37th Chess Olympiad.

About PinnacleSports.com

PinnacleSports.com (www.pinnaclesports.com) is the Internet's largest sports betting site, serving customers in more than 80 countries worldwide. Founded in 1998, PinnacleSports.com 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 and the United Kingdom, the company offers a secure environment for sports betting, racing and casino gaming.

 
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