5dimes Sports Betting
- Sep 08, 2020 It sounds like the 5Dimes intends to relaunch as a legal, licensed company in states where sports betting is legal. The problem there, one would assume, is that it has accepted American customers illegally for years, so getting regulators to give the company the thumbs-up might be difficult.
- On Wednesday, the U.S. Justice Department reached an agreement with 5Dimes that would force the Puerto Rican sports betting operator to pay $45 million in fines for illegal sports betting operations in the U.S.
US customers have two weeks remaining
Popular Costa Rica-based online sportsbook 5Dimes is withdrawing from the United States market. Rumors of locked accounts started bouncing around the internet on Sunday and by late Monday, it was made official, as US customers were met with a notice upon attempting to log in. 5Dimes also sent customers an e-mail explaining that it will stop taking bets from American players at midnight on September 21.
Our systematic process for the 5Dimes review showed us they are a top sportsbook in terms of customer service, betting opportunities, and deposit speed. Specifically, 5Dimes offers huge betting markets for all the sports leagues. In addition, they have multiple types of parlays, meaning the number of bets available to you is gigantic!
The internet sportsbook did explain why it was pulling out of the US, but the reason was a bit cryptic.
so that we can launch our new operations with a fresh start.”
“With the evolving legal landscape in the United States, we want to take advantage of the opportunity to offer an improved online sports betting experience to our many US customers,” 5Dimes said. “In order to do this, we need to suspend temporarily our service of the US market so that we can launch our new operations with a fresh start.”
Customer funds are safe, but players must cash out by midnight on September 25. Those who do not meet the deadline will have their funds transferred to a “third-party claims administrator” who will then attempt to send money to where it belongs. If customers do not claim their funds by September 30, 2021, the money will be considered abandoned.
Future US plans unknown
The big question is what 5Dimes is planning for its “new operations” in the United States. It sounds like the 5Dimes intends to relaunch as a legal, licensed company in states where sports betting is legal. The problem there, one would assume, is that it has accepted American customers illegally for years, so getting regulators to give the company the thumbs-up might be difficult.
may take some time before they will even be able to be licensed or operate.”
Global Market Advisors consultant Brendan Bussmann told SportsHandle.com that it is good that 5Dimes seems to want to emerge from the unregulated shadows, but: “For those that have operated online or fantasy sports illegal in the past, some regulators have a long memory and it may take some time before they will even be able to be licensed or operate.”
Some states have “bad actor” clauses written into their regulations, which either prevent companies that previously skirted state and federal laws and accepted US customers from operating entirely or penalize them in some way. Illinois, for instance, has a “penalty box” clause, making online-only operators wait 18 months from when the first license is issued to apply for licenses of their own.
Legalization put pressure on offshore books
The natural result of the US Supreme Court overturning PASPA in 2018 was that individual states started to legalize sports betting. What also happened, though, was that several offshore operators, those not licensed in the States and therefore technically operating illegally, felt the pressure to get out. 5Dimes is not the first to withdraw from the US market.
Bovada, one of the operators that most thumbed its nose at US regulators over the years, stopped accepting New Jersey customers last year. BetOnline did, as well.
One of the most interesting operators is BetCris, which withdrew from the United States market after the passage of the UIGEA in 2006. It still does not accept US customers, but is now making moves within the American sports world. In July, it was named the official Latin America wagering partner of Major League Baseball, and on Tuesday, it announced a similar deal with the National Football League, two days before the start of the season.
5Dimes is an online betting site available in multiple countries including the United States, Canada, and Australia. The sportsbook is currently available in all 50 US states. 5Dimes was first launched in November 1996 out of San Jose, Costa Rica.
| 5Dimes | |
| Years Active | 1996 - Present |
| Status | Online |
| Headquarters | San Jose, Costa Rica |
| Countries | United States Canada Europe Australia |
| Bonus | Reduced Juice bonus $520 Sportsbook Bonus 50% Casino Bonus Free Withdrawals |
| Claim Bonus | February 2021 Bonus |
| Deposit | VISA MasterCard Person-to-Person Money Order Bitcoin |
| Withdrawal | Cashier Check Person-to-Person Money Order Bitcoin Bank Wire |
| Homepage | 5Dimes.eu |
As of February 2021, 5Dimes remains a popular online betting sites among American gamblers. High limit markets with competitive odds have made them a convenient sportsbook for both casual and experienced bettors.
- 5Sportsbook
Signup Bonus
Players may claim their signup bonus by joining through the 5Dimes February 2021 promo link. The betting site is currently offering new customers a selection of signup bonuses. Popular options include Reduced Juice, a 50% sportsbook first deposit bonus, a 50% casino bonus, and access to free monthly withdrawals.
By default new accounts are assigned the Reduced Juice bonus. Players are required to contact 5Dimes support through 24/7 live-chat if they desire an alternative bonus.
5Dimes signup bonuses for February 8, 2021:
| 5Dimes Signup Bonuses - February 2021 | |||||
|---|---|---|---|---|---|
| Bonus | Details | Promo Code | Link | ||
| Reduced Juice bonus. | Gain access to ten-cent (-105) lines. Available for all major sports. | Default | Claim | ||
| Sportsbook first deposit bonus. | 50% match on deposits between $100-400. Additional 20% match on deposits between $400-2,000. | Not required | Claim | ||
| Casino first deposit bonus. | 50% match on deposits between $50-250. Available for use in MatchPlay casino. | Not required | Claim | ||
| Free withdrawals. | One free payout per 30 day period. No processing fees. | Not required | Claim | ||
| 5Dimes Signup Bonuses - February 2021 | |||||
|---|---|---|---|---|---|
| Bonus | Promo Code | Link | |||
| Reduced Juice bonus (ten-cent lines) | Default | Claim | |||
| 50% sportsbook bonus (up to $520 USD) | Not required | Claim | |||
| 50% casino bonus (up to $125 USD) | Not required | Claim | |||
| Free withdrawals (one per month) | Not required | Claim | |||
Reduced Juice
Considered to be the best bonus for experienced sports-bettors due to its long term value. The Reduced Juice bonus gives users access to ten-cent lines across all major sports including football, basketball, baseball, and hockey. Ten-cent lines are highly advantageous due to there being a 50% smaller margin between both possible outcomes. Instead of the industry standard -110 odds on football and basketball spreads/totals (where the bettor is required to risk $110 to win $100), Reduced Juice offers -105 instead ($105 to win $100). 5Dimes also offers five-cent overnight MLB lines for an even larger advantage. Reduced Juice lines are normally posted the day of the event. The minimum wager amount is $1 with a maximum of $500 ($1,000 for NFL lines).
50% Sportsbook First Deposit Bonus
New customers will receive a match on their first deposit credited in free-plays. Deposits between $100-400 USD will receive a 50% match up to $200 USD. Larger deposits between $400-2,000 USD will receive an additional 20% match up to a total of $520 USD. Free-plays are incrementally credited to the player's account as bets are placed. The initial deposit must be rolled over ten-times before the full value of the bonus is earned. The bonus breakdown is available in the following table:
| 5Dimes Sportsbook First Deposit Bonus | |||||
|---|---|---|---|---|---|
| Deposit Amount | 50% match | 20% match | Total Bonus | ||
| $100 | $50 | $0 | $50 | ||
| $400 | $200 | $0 | $200 | ||
| $500 | $200 | $20 | $220 | ||
| $1,000 | $200 | $120 | $320 | ||
| $2,000 | $200 | $320 | $520 | ||
50% Casino First Deposit Bonus
A 50% first deposit match up to $125 USD to be used in 5Dimes' MatchPlay casino, which features a variety of table games, slot machines, and video poker. Bonus funds are incrementally released as the user bets in the MatchPlay casino. The initial deposit amount must be rolled over ten-times before the full value of the bonus is earned.
Free Payouts Bonus
5Dimes offers customers the ability to receive one free payout every 30 days as a bonus option. This option is recommended for users who intend on using a withdrawal option that incurs a high processing fee such as cashier check, money order, or bank wire transfer.
Available Countries
5Dimes is available in most major betting markets including Canada and the United States. Users from all 50 US states can register an account and place a bet with 5Dimes.
Availability by country as of February 8, 2021:
| 5Dimes Availability by Country | |||||
|---|---|---|---|---|---|
| Albania | Australia | Austria | |||
| Belarus | Belgium | Bosnia | |||
| Bulgaria | Canada | China | |||
| Croatia | Czechia | Denmark | |||
| Estonia | Finland | France | |||
| Germany | Greece | Hungary | |||
| Iceland | Ireland | Italy | |||
| Japan | Latvia | Lithuania | |||
| Macedonia | Mexico | Moldova | |||
| Montenegro | Netherlands | New Zealand | |||
| Norway | Poland | Portugal | |||
| Romania | Russia | Serbia | |||
| Singapore | Slovakia | Slovenia | |||
| Spain | Sweden | Switzerland | |||
| Ukraine | United Kingdom | United States | |||
Deposit Methods
Available deposit methods include VISA, MasterCard, Person-to-Person transfers, money orders, and Bitcoin. Most deposit methods incur no additional fees. 5Dimes covers courier fees for deposits over a fixed amount.
| 5Dimes Deposit Methods (USD) | |||||
|---|---|---|---|---|---|
| Method | Min | Max | Fee | ||
| VISA | $50 | $500 | None | ||
| MasterCard | $50 | $500 | None | ||
| Person-To-Person | $100 | $690 | None | ||
| Money Order | $100 | None | None | ||
| Bitcoin | $25 | $10,000 | None | ||
| Sportsbook Transfer | $500 | None | None | ||
| Account Transfer | $50 | None | None | ||
Credit Card Deposits
Credit, debit, and gift cards with VISA or MasterCard branding can be used to deposit at 5Dimes. All transactions must be between $50 and $500 USD. Credit card deposits must be made in the cardholder's name. As an additional layer of security 5Dimes uses a Secure 3D XML protocol for card transactions. Users should not close any tabs when making a card payment until the transaction is fully completed. All 5Dimes credit and debit card deposits are discrete.
Credit card deposits are processed instantly and are available 24/7.
Person-to-Person Deposits
5Dimes processes person-to-person transactions from 9:00 AM - 10:00 PM EST from Monday through Saturday, and 9:00 AM - 8:00 PM on Sundays. Only cash transactions are accepted. The sender name must match the exact information used at the money transfer agency. 5Dimes will credit the funds 20-40 minutes after receiving the reference number. Longer processing time can be expected on weekends.
Users are permitted one Person-to-Person deposit every 8 days. 5Dimes covers all transaction fees for payments larger than $250 USD.
Money Order Deposits
Money orders are available through DHL courier service. The minimum deposit amount is $100 USD. User accounts will be credited within 12 hours of delivery. 5Dimes covers all courier fees for money order transactions larger than $1,000 USD.
Bitcoin Deposits
5dimes Sportsbook
Bitcoin cryptocurrency deposits are available for values between $25 and $10,000. When initiated 5Dimes will provide the customer with a Bitcoin address to send funds to. If the deposit is sent within 15 minutes of initiation the currency exchange rate at that time will be applied during the conversion to USD. Deposits processed after 15 minutes will instead use the currency exchange rate available when depositing.
Sportsbook Transfer
Users can fund their 5Dimes account by transferring an existing balance from a participating sportsbook. The minimum transfer amount is $500 USD. 5Dimes charges no additional fees when facilitating a sportsbook transfer.
Account Transfer
5Dimes customers can transfer their account balances among each other. The minimum account transfer is $50 USD. The transaction will not count towards the transferring user's free monthly withdrawal.
Withdrawal Methods
5Dimes grants customers one free payout every 30 days. Users may withdraw their winnings through Person-to-Person transfers, cashier check, money order, Bitcoin, bank wire, or sportsbook/account transfer.
| 5Dimes Withdrawal Methods (USD) | |||||
|---|---|---|---|---|---|
| Method | Min | Max | Fee | Process Time | |
| Check | $1,000 | $7,500 | $40-80 | 1-2 weeks | |
| Person-to-Person | None | $450 | $10-28 | 24-48 hours | |
| Money Order | $1,000 | $7,500 | $40-80 | 3-4 days | |
| Bitcoin | $50 | $10,000 | None | 24 hours | |
| Bank Wire | $1,000 | $9,500 | $80 | 4-6 days | |
| Sportsbook Transfer | $500 | None | None | 12 hours | |
| Account Transfer | $50 | None | None | 12 hours | |
Cashier Check Withdrawals
5Dimes sends cashier check withdrawals discretely through an express courier service such as FedEx. Payouts via check are processed within 24-48 hours along with 7-10 days transit time. 5Dimes checks are sent from foreign banks therefore users should verify in advance that their bank will accept a foreign check. Customers may request one cashier check withdrawal every 7 days.
The limits on cashier checks are $1,000 - $7,500 USD. If a user has already expended their free monthly payout the withdrawal fee will scale based on the amount of the check:
| 5Dimes Cashier Check Fees (USD) | |||||
|---|---|---|---|---|---|
| Check Amount | Fee | ||||
| Free Monthly Payout | None | ||||
| $1,000 | $40 | ||||
| $1,001 - $2,000 | $60 | ||||
| $2,001 - $7,500 | $80 | ||||
Customers located in Canada or the states of Alaska, Hawaii, Maryland and Oklahoma can receive a maximum of $3,000 USD at once via check.
Person-to-Person Withdrawals
Person-to-Person payouts require 24-48 hours to process and are completed Monday through Sunday between 9:00 AM - 1:00 PM EST. The maximum withdrawal amount is $450. Users are permitted one person-to-person transfer per day with a limit of three per week. Transaction fees range between $10 to $28 if the user has already expended their free monthly withdrawal.
Money Order
Payout via money order is only available to US customers. Processing time is 24-48 hours with an additional 3 business days required for express transit. Once the user receives the Money Order request it can be deposited through their bank's ATM machine.
| Check Amount | Fee |
| Free Monthly Payout | None |
| $1,000 | $40 |
| $1,001 - $2,000 | $60 |
| $2,001 - $7,500 | $80 |
Bitcoin
Withdrawals via Bitcoin are available for amounts between $50 to $10,000 USD. Users who exclusively deposit via Bitcoin will have no maximum limit on the amount that can be withdrawn at once. Bitcoin payouts are free and will be processed in under 24 hours.
After requesting a Bitcoin payout users will receive an e-mail requiring them to verify the Bitcoin address that the funds will be sent to. You must have device-based authentication enabled in order to request a cryptocurrency payout.
Bank Wire
5Dimes customers can request a payout through bank wire transfer for amounts between $1,000 and $9,500 USD. Funds will require 4-6 business days in order to arrive in the user's bank account. Payout via bank wire transfer incurs an $80 processing fee if the user has already redeemed their free monthly withdrawal. Banks may also charge an additional fee between $5-45 which will not be covered.
Users may not request a bank wire transfer for their first withdrawal.
Sportsbook Transfer
Customers may request a transfer of their 5Dimes balance to another participating betting site. The minimum transfer amount is $500 USD. Transfers are instant and there are no additional fees. Users should contact 5Dimes customer support to inquire about eligible sportsbooks.
Account Transfer
5Dimes customers may transfer their account balances among each other. Account-to-account transfers are free and require a minimum amount of $50 USD.
Sportsbook
The 5Dimes sportsbook features betting markets for all major sports leagues. Available sports include football, basketball, baseball, hockey, soccer, golf, tennis, motor racing, boxing, and MMA. Offered betting markets include moneylines, spreads, totals, team totals, player props, game props, and futures. Customers have access to a variety of wager types including straight bets, parlays, teasers, pleasers, monsters, if bets, and action reverse.
Betting Limits
The minimum wager amount on any 5Dimes betting market is $0.50 USD. Upper betting limits vary by sport. The maximum amount that can be placed on one market through the Internet is $5,000 USD. Betting limits are reset once a line has been adjusted. Users are also welcome to contact 5Dimes by phone in order to place a wager over the set limit.
Exotic propositions have a limit of $50 and live in-play wagers have a limit of $500.
5dimes Sports Betting Reviews
Odds
5Dimes offers competitive odds as expected from a high limit betting site. Sportsbooks that accept large wagers cannot risk significantly deviating their lines from the current market. This gives users access to odds similar to those available in a physical Vegas casino.
The following table contains 5Dimes parlay payouts based on odds of -110:
| 5Dimes Parlay Payout Table | |||||
|---|---|---|---|---|---|
| Number of teams | Payout | Number of teams | Payout | ||
| 2 | 2.64/1 | 10 | 642.08/1 | ||
| 3 | 6/1 | 11 | 1226.70/1 | ||
| 4 | 12.28/1 | 12 | 2342.79/1 | ||
| 5 | 24.35/1 | 13 | 4473.51/1 | ||
| 6 | 47.41/1 | 14 | 8541.25/1 | ||
| 7 | 91.42/1 | 15 | 16306.94/1 | ||
| 8 | 175.44/1 | 16-25 | True Odds | ||
| 9 | 335.85/1 | ||||
Live Betting
5dimes Signing In
5Dimes offers multiple livebetting platforms allowing users to bet on matches that are currently in progress: Sports Betting Ultra, Sports Betting Prime, Sports Betting Plus, and Live Betting Extra. Each platform hosts livebetting for different matches and markets. Sports Betting Ultra offers the largest selection of available matches including lower division European soccer, hockey, and basketball. US and Canadian customers also receive a 2.941% rebate on all winning and losing bets placed. Sports Betting Prime features esports wagering for Overwatch, CS:GO, Dota, and League of Legends. Live Betting Extra offers betting on major sports events with a larger selection of markets. It is also available on mobile devices. Sports Betting Plus allows users access to both pre-match and in-play betting in the same interface.
Betting Contest
Active 5Dimes accounts are eligible to participate in a free betting streak contest. Every 24 hours users are able to select one spread or total as their contest entry. Prizes are distributed based on total win streak. Customers who achieve win streaks of 5, 10, and 15 picks will receive a free play of value $50, $500, and $2,000 respectively. Users who reach a 25 win streak will obtain a $5,000 cash reward. The top streak at the end of each month will receive a $1,000 free play. In order to be eligible for the 5Dimes betting contest users are required to have placed a bet in the sportsbook within 24 hours of the first selection in their current streak. Participants must submit one contest entry every 7 days to maintain their streak.
Casino
5Dimes offers five different casino platforms: Grand Casino, Jackpot Casino, Gold Casino, Bonus Casino, and Match Play Casino. Each one offers the player a variety of table games, slot machines, and video poker. Certain casinos grant additional bonuses to customers.
Live Dealer
5Dimes' Live Dealer Casino allows users to play popular table games with a live dealer over video stream. Users can chat with other players and the dealer in the room. Offered live games include blackjack, roulette, baccarat, and Super6.
Grand Casino
Features over 200 casino games including table games, video poker, and over 100 different slot machines. Many of the Grand Casino games have been optimized for mobile use. Game client can either be played through the browser or downloaded.
Jackpot Casino
The Jackpot Casino offers over 120 3D slot machines all of which are available on mobile devices. Most of the games here feature a progressive jackpot.
Gold Casino
The Gold Casino offers unique table games, video poker, slot machines, pull tabs, and virtual scratch tickets.
Bonus Casino
5Dimes' Bonus Casino features daily bonuses and larger payouts. All casino games have undergone two third-party fair gaming audits to ensure fairness. The Bonus Casino features table games, blackjack, video poker, slot machines, bingo, and keno.
Match Play Casino
New customers can opt to receive a 50% first deposit bonus up to $125 to be used in the MatchPlay casino. This platform features many of 5Dimes' most frequently played games including single-deck blackjack.
Poker
5Dimes is a member of the Grand Poker Network. Their software is accessible to Windows, Mac, and mobile devices.
Supported poker variants are Texas Hold'em, Omaha, and Omaha Hi/Lo Along with cash tables players have access to multiple tournament formats including shootouts, sit-and-go, freeze out, rebuys, satellites, and freerolls.
In recent years 5Dimes poker has become relatively inactive outside of weekly tournaments. US players searching for active cash tables should consider alternative options.
Contact Info
Customer support can be contacted via phone, live-chat, and e-mail. Due to their large player base 5Dimes has multiple phone numbers for each department.
5Dimes contact information as of February 8, 2021:
| 5Dimes Contact Information | ||
|---|---|---|
| Customer Service | 1-800-430-5896 1-800-305-3517 1-800-243-7890 | |
| New Accounts | 1-877-332-7501 | |
| Sports Wagering | 1-866-924-3772 1-800-442-0151 1-877-800-7529 | |
| Horse Wagering | 1-800-761-1253 1-800-243-7071 | |
| info@5Dimes.eu | ||
| Live Chat | On site | |