5Dimes Review
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5Dimes is the pioneer when it comes to USA online sports books. The site has been in business since 1995 which makes it the oldest live betting site today. It accepts players from the United States and from across the pond. To bet at the site you must be 21 years or older.
We love the fact that 5Dimes always pays bettors on time and its reduced juice is in a league of its own. 5Dimes operates out of Costa Rica and it employs more than 100 people. It is a multi-facet bookie with a Sportsbook, Casino, Racebook and Poker Room.
We’d like to bring the following to your attention. Credit and debit cards users complained about extra fees charged to their cards last month. The matter is still under investigation. If you don’t want to experience any problems with credit card online payments we urge you to use Bitcoin.
Why 5Dimes?
- Accepts Bitcoin and other banking options.
- Clears withdrawals within 12 hours.
- Excellent reduced juice and posts lines fast.
- It’s older than any other sportsbook.
- Professional support staff.
- Covers an array of sports.
5Dimes Deposit & Cash Out Methods
5Dimes has plenty of Banking options that includes credit/debit cards, Person-2-Person, Bitcoin, checks, Money Order, bank wire and Sportsbook Transfer.
The best payment option is Bitcoin and our favorite. While deposits are instant and not charged with any fees, credit card and debit card withdrawals are charged with fees. Should the withdrawal fee be more than $250, 5Dimes will reimburse you.
Money Order is an excellent option if you are a high roller. It does not have a deposit limit and it takes approximately 1 week for your payment to clear.
5Dimes Withdrawals
Checks and Person-2Person are popular withdrawal methods with bettors from the States. If you don’t have a credit card, Person-2Person is a good alternative. It takes 48 hours to process and you can cash out up to $450 per transaction.The transaction fees cost $10 to $35.
Checks are cleared within 7 days and cost $40-$80 per check. Obviously this depends on the size of the check amount you wish to withdraw. The cash out limit for check is $7,500. You’ll receive a free check every 30 days on condition you request a withdrawal before 1 pm on Monday. The withdrawal limit for Bank Wire is up to $9,500.
Bitcoin is the best option by far. BTC deposits are free, but it can take up to 30 minutes before it shows up in your account. BTC deposits are converted into U.S dollars and when you withdraw, the U.S dollars are converted back into bitcoins. 5Dimes has the fastest withdrawal clearance for BTC and users can withdraw as much as $10,000. Make sure you use BTC as a deposit option from the start.
5Dimes Reduced Juice
The reduced juice at 5Dimes is basically a ‘default bonus’. Make sure you choose it before you deposit. The betting online USA site offers bonuses on deposit, free bets, reload bonuses and cash back on losses. We cannot emphasize the value of the reduced juice enough. You can bet consistently with it without worrying about reduced pricing. At the end of the day it saves you a lot of money.
5Dimes does not list the reduced juice within its usual markets. Once you logged in, you’ll see that each sport has its own ‘Reduced Juice’. Do a bit of shopping around for the best odds before you place your bets. Unfortunately, reduced juice is not available on teasers and parlay bets. You can only use it on spread bets, total bets and moneyline.
5Dimes Betting Limits
The smallest bet at 5Dimes is $0.50 up to $5,000. You can bet on sports like NBA, NFL, NHL, MLB, basketball and NCAA football. It does not post its lines immediately but it’s still not bad. The NFL line for the next week are posted on Sunday nights.
The limit on smaller sports is $5,000. The maximum bets on propositions vary from $250 to $500 while some props carry a max bet of $50. It stands to reason that the majority of 5Dimes’ betting options is geared towards small bettors. Which explains why it imposes a max props bet on certain sports.
Once you wagered the maximum bet of $5,000, the odds reset and there is no max betting limit. This gives you a lot of freedom to place your bets as you see fit.
5Dimes Deposit Bonus
You can pick and choose from 8 different Bitcoin bonuses that is tied into the rewards program. We’d like to caution you that should you pick a bonus, you’ll dip out on the ‘Reduced Juice’. Juice is extremely advantageous to the small bettor.
Free-Play
The Free-Play rewards scheme is another option that is available to you if reduced juice is not your thing. As a new depositor you qualify for a match bonus of 50% up to $400. You’ll receive the bonus once you deposited $200.
If you deposit at least $400, you get an extra 20% up to $2,000. Plus, the $2,000 is topped up with an extra $520 in Free-Play cash. The bonus has a roll-over of 10x. You’ll only receive your bonus 24 hours after you made your first deposit.
Cash Back
Active bettors qualify for a weekly cash back of 10% on all losses. The monthly cash back is 15% and the annual cash back is 20%. The Casino offers a cash back of 14% on losses and up to 21% every month.
5Dimes Rewards Program
All we can say is stick to the “Reduced Juice” program because you’ll save 5% on your yearly bets. 5Dimes rewards loyal bettors with a variety of bonuses and comps, but they are not near as lucrative as reduced juice.
5Dimes Player Support
You can reach the support staff at 5Dimes through live chat, telephone (1-800-430-5896) and email ([email protected]). We like email and live chat because they are the most convenient.
The operator caters primarily to the English-speaking market, but it is more capable to assist Spanish customers. On the whole support is satisfactory.
Security & Trustworthiness
5Dimes is serious about client protection. Your private details is protected by sophisticated SSL (Secure Socket Layer) encryption. The Casino side of things ensures that each games’ outcome is governed by a Random Number Generator. This ensures fair play and that players have a chance to win. All the casino games have a combined RTP of above 98% which is exceptional.
Final Word
5Dimes covers the American market extensively and its reduced juice is the best we’ve seen. It pays players fast, and it’s the oldest sports betting site. Aside from a few niggles here and there its track record speaks for itself. It offers more teasers, moneylines and point spreads than any other USA sportsbook online.