5Dimes Sports Betting Review
Welcome to the review of one of our favorite online sportsbooks for USA players, 5Dimes Sportsbook. There are many sports betting sites out there that offer great features, but 5Dimes brings some truly unique qualities to the table. You will see by the end of this review why we pick 5Dimes over the rest of the competition. There are many mediocre sites out there, and finding a diamond in the rough like 5Dimes is a rare treat.
This review is going to explain how 5Dimes Sportsbook operates legally, and give you some general background on the laws the regulate sports betting. We will also look at all of the features and bonuses that make 5Dimes a superior sportsbook for USA residents. You will also get a firm understanding of how deposits and payouts work so you can start betting now.
5Dimes Sportsbook works in accordance with the federal statutes of America, and offers legal sports betting action to players from all over the nation. There are a few federal laws for sports betting that require certain mandates in order for a USA online sportsbook to function. The Federal Wire Act of 1961 is an archaic federal law that still holds water in the current era. The law was originally meant to battle organized crime by restricting wire betting communication between states. The advent of the internet made the Wire Act outdated, and some new amendments were written in to the law. Now the Wire Act only requires a Sports betting site that accepts USA players to be located outside of the country. 5Dimes operates out of Costa Rica, and is therefore legal to use for U.S. residents.
The only other federal law that affects online sports betting is the Unlawful Internet Gambling Enforcement Act of 2006. The UIGEA does not allow sportsbooks to payout to credit cards. This is a simple rule to follow, as all the legal sports betting sites offer various fast and safe payout methods. 5Dimes has some of the most efficient payouts in the business, and we will explore those later in the article.
Individual states do not regulate online sports wagering, so they defer to the federal laws. As long as a US sports betting site accepts players from your state, you are safe to use it. 5Dimes Sportsbook accepts members from all 50 states, which is why it is one of the most populated sportsbooks on the web.
5Dimes is committed to updating their software continually, and providing a safe and secure environment for members. The site employs the most current security software to protect against hackers and identity theft. They also use expert encryption methods to prevent any personal information from leaking out. The millions of 5Dimes members would not keep coming back to the site if they felt their safety were in jeopardy.
We have used 5Dimes' online sportsbook extensively and can attest to the professionalism and the safety of the site. We have made numerous transactions, large and small, and have never experienced a breach of security or a loss of funds. This site has an excellent reputation, and we believe it is warranted.
Learn More: Is Sports Betting Safe?
As we mentioned before, 5Dimes accepts players from all 50 states. You can sign up from whichever state you are in as long as you are 18 or older. Betting age is something to keep in mind, because some states require bettors to be 21. It is a good idea to check your state laws before signing up at 5Dimes. The site only requires you to be 18, but if your states betting age is 21, it is better to wait until you are that old.
Learn More: States Allowing Sports Betting
5Dimes makes signing up quick and painless. When you go to the site, click on the “Register Here” button at the top-right of the homepage. You will then fill out a registration form with your name, address, phone, email, and create a password. The phone number is required in case of any emergencies, and because the site offers a great phone-in betting feature that allows you to wager by speaking to a live 5Dimes representative.
Once you fill out the registration form, you will receive an email within a couple of minutes. In the email you will find a confirmation link, click on that and you will be taken back to the site. You are now a bona fide 5Dimes Sportsbook member! Feel free to explore the entire site as a new member before making a first deposit, which is when the fun really begins.
Besides the fact that 5Dimes accepts players from all fifty states, there are many reasons this sportsbook stands above the rest. In the next few sections, we will explore the many features that make 5Dimes Sportsbook stand out, and show you why it’s our favorite US sports betting site at the moment. Just because a sportsbook accepts US players, does not mean it is worth playing at. 5Dimes doesn’t fall in to the trap of many mediocre sites by promising things they don’t really have. Let’s take a look at some of the great aspects of 5Dimes.
After signing up at 5Dimes and exploring all of the features, you will probably be itching to make a bet. The first step to winning money is depositing money. 5Dimes makes sportsbook deposits easy and fast, and offers more methods than most other sportsbooks. Credit card deposits are the most popular way to deposit because they are quick, but occasionally they get declined. 5Dimes has over ten other deposit methods in case something like that should happen. Let’s look at the best methods.
Credit/Debit Card – This is the most fashionable way to deposit at 5Dimes Sportsbook. If you have ever bought anything online, the process will be familiar. Just enter your card information, the amount you would like to deposit, and the funds will appear in your account within minutes. Credit cards have no fees, and you can deposit anywhere from $50 to $250, making this an excellent method for small-to-medium deposits.
Person to Person – Contact your local person to person provider and you can deposit easily to in to 5Dimes. This method is available Monday through Saturday from 9am to 10pm ET. Upon receiving the reference number, 5Dimes will credit your account within an hour. Person to Person deposits are limited to one transaction every 8 days, and the minimum is $100 while the maximum is $970.
Money Order – Money orders are very popular for large deposits. Just go to your local retailer, bank, or post office that sells money orders, and you can send it directly to 5Dimes Sportsbook. There is a fee of$80 for money orders, but if you deposit over $1,000 the site will cover the fee. You can deposit up to $9,500 per money order, so this is great for giant transactions.
BitCoin – This relatively new deposit method is becoming increasingly more popular. Many players with Bitcoin accounts do all of their 5Dimes transactions this way. There are no fees, just like credit cards, and the transactions happen within minutes. Just give 5Dimes you Bitcoin account information and enter the amount you would like to deposit. You can add $100 to $25,000 to your account with each Bitcoin deposit.
One of the best things about using an online sportsbook that accepts USA residents is that they offer unique rewards that beat out and land-based competition. 5Dimes has some of the greatest bonuses and promotions for signing up and continuing to play that we have ever seen. The New Player Reward will add a 50% free-play bonus to a first deposit of $100 to $400. The bonus is worth up to $200 and can be used to bet on all your favorite sports. Recently, the site added an extra incentive to the welcome bonus. If you deposit of $400, and up to $2,000, you will qualify for an extra 20% bonus. This is the most generous welcome offer we have ever seen on a USA sports betting site.
Reload bonuses reward you for continuing to be a loyal 5Dimes member. They don’t just offer a great bonus for signing up and then forget about you as many other sites do. Whenever you reload your account with a deposit between $100 and $2,500, 5Dimes Sportsbook will add an extra 20% free-play bonus. The bonus money appears in your account incrementally based on how much you wager. If you bet the deposit amount once, 20% of the reward becomes available. When you wager your deposit amount twice, another 20% becomes available. Once you have rolled over your deposit five times, the last of your reward will be available to use.
So, you have been betting on your favorite games and reaping the rewards, now it is time to withdraw some of that hard earned cash. 5Dimes allows players to request payouts in a variety of ways. We mentioned earlier that the UIGEA restricts online sportsbooks from paying out directly to credit cards, and 5Dimes gets around this restriction with many safe and quick methods. All of the sportsbook payout methods are designed to get you your winnings as fast and as simple as possible. Let’s look at the payout methods that the site offers.
Check – That’s right; the most popular payout method is a good old check in the mail. There is nothing better than checking the mailbox only to find a check made out to you. 5Dimes certified checks can be cashed at your local bank, and usually arrive in less than a week, although they can potentially take up to a month. These are great for large payouts because the minimum amount that can be withdrawn is $1,000, and the maximum is $7,500. Because of international transfer costs, there is a fee of $40 to $80 for a check payout.
Person to Person – 5Dimes Sportsbook offers person to person payouts Monday-Sunday from 9am to 1pm ET. Money Grams can payout out up to $785 with fees ranging from $10 to $75. There are also Money Gram Express options if you request a payout of exactly $100, $200, $300, $400, $400, or $600, and these come with no fees. Western Union person to person payouts are not currently available for US residents, but that could change at any time. Check out the funding methods at 5Dimes Sportsbook or our dedicated payouts article to learn more.
Prepaid/Gift Cards – 5Dimes Sportsbook offers prepaid and gift cards as payout methods. You can look at a list of participating prepaid card issuers at the site, and the list is growing all the time. You will choose the one you like best, request a payout, and the card should arrive within 7 to 14 business days. If you like to shop at certain places, gift cards can be a great way to withdraw funds. 5Dimes Sportsbook offers Amazon and Walmart gift cards. There are no fees for prepaid/gift cards and the maximum is around $500 depending on the type of card you request.
BitCoin – Bitcoin users like to use this as their exclusive transaction process at 5Dimes. If you have a Bitcoin account, this is an excellent payout method. Payouts work just like deposits; just request the amount you would like to withdraw and the funds will appear to your Bitcoin account within a few hours. If you use Bitcoin exclusively to conduct transactions at 5Dimes, then there is no limit to the amount you can withdraw. There are no fees either.
5Dimes Sportsbook is set up to serve players of all tastes. The sportsbook lists updated lines on everything from baseball to professional wrestling, and anything in between. Niche sports from around the world like cricket and rugby are also in the sportsbook. 5Dimes pride themselves on catering to professional sports bettors. The site is light on bells and whistles, and at first sight, the sportsbook looks rather plain. You will realize quickly that looks are deceiving at 5Dimes when you start to explore the intricacies of the sportsbook. This is the only online USA sportsbook that we have seen that lets you micro-manage bets with half points. If you are new to sports betting, the site has a great “getting started” section that will help you out. If you are a veteran, you will fall in love with this site.
5Dimes has more betting odds than any other site we have seen. You will find totals, props, point spread, moneylines, futures, fractional odds, decimal odds, and more. The variations are endless, and the friendly sportsbook guide will help you navigate the intricate art of sports wagering. The college football props, or CFL, are extraordinary, letting you bet on all aspects of a game. Every NFL game will have at least a spread, money line, and totals line to work with, and the futures are updated faster than any of the competition.
As we have mentioned, 5Dimes Sportsbook caters to seasoned sports bettors. In order to meet the needs of their members, 5Dimes offers numerous intuitive ways to wager. Straight bets are here for those that like to bet on the outcome of a game. For baseball, you will pick the team to win. With basketball or football there will generally be a point spread. Totals allow you to bet on whether the total points of the game will be higher or lower than the posted amount. Parlays are very exciting, allowing you to combine straight wagers over multiple games and sports. There are also teasers, pleasers, reverses, round robins, progressives, and many more wager types. The fun is truly endless at 5Dimes, and if you are a sports fanatic, this is your Shangri-La. Check out the “wager types/payoffs” section of 5Dimes to learn more about each wager method. They all have their unique traits, and there are endless ways to win big.
5Dimes now allows you to access their entire sportsbook from the palm of your hand. We have played at many mobile sportsbooks and can easily say that this one has the most logical layout and is the easiest to play on. There is no download needed, just sign in to the site from your iPhone, Tablet, Android, or any other device that connects to the internet. You will immediately see boxes for football, basketball, baseball, hockey, soccer, golf, tennis, etc.… as well as their leagues and wager types. You can click on as many boxes as you would like to filter your search. You will then see a list of updated odds on for whichever boxes you checked. It works just like the website sportsbook, and is accessible from anywhere.
5Dimes now has a phenomenal live/in-game betting option that is the most exciting way to wager on the web. This is something not all USA online sportsbooks offer, but 5Dimes knows how to keep up with current technology and deliver innovative features. To access live betting, click on the sportsbook drop-down menu and choose “Live Betting”. After the page loads, you will see all the odds on games that are going on right now, or are starting soon. At the top of the page is an overview section, a calendar, and a rule book. The overview is the default screen, showing all current games. The calendar shows all games coming up throughout the week. The rule book allows you to view the rules for each sport and prop. This is an exhaustive sports betting feature and the site has spared no expense in making it amazing. Sports fans will have a blast with 5Dimes live/in-game betting.
Learn More: Live Sports Betting in the US
If you have made it this far, you are probably chomping at the bit to head over to 5Dimes Sportsbook and sign up right now. We have seen why 5Dimes is a legal online sportsbook that accepts USA players from all fifty states. We have covered the security features that the site employs to keep information secure, and we have gone over how to sign up. You now know that there are many deposit/payout methods, and numerous bonuses that will add free money to your account. Lastly, you have seen how you can bet from your mobile device, and how to wager on a live game. 5Dimes is a professional sports betting site for US residents that does not skimp on any aspect. This site is truly one of a kind, and we can’t recommend it enough.