5Dimes Sportsbook Review
Seriously. Just sign up now. You can thank us later.
And we’re not just saying that. Do a Google search for ‘5Dimes review’ – you’ll see that anyone worth listening too rates them an ‘A’ or higher. There’s a reason for that.
So this review is just a formality. To show you what to expect when you sign up. Because I’m confident you will.
But first, a little about 5Dimes.
They were established in 1996 in Costa Rica. Their main business revolves around sports betting, but they also offer casino games and poker. Americans from all 50 states can place wagers here.
And as of the last couple of months they’ve started accepting bitcoin. They’re one of the only safe, licensed, major sportsbooks that do.
Name: 5Dimes Sportsbook
Established year: 1996
Wagering limits: High
Cashout times: Fast
PROS VS. CONS
Most trusted US facing sportsbook in operation
Reduced juice lines on lots of sports
Broad coverage of sports worldwide
Best prices on parlays and teasers
Website is outdated and needs modernizing
No anonymous signups
Mobile site is poor
Betting is done in fiat, not bitcoins
5Dimes offer several promotions. The offer they’re most known for is their reduced juice. On select bets you can get -105 odds instead of -110. Keep in mind that this is only good for bets up to $500. This will be the default promo for new accounts.
Another option is their 50% new player free play. Make a deposit of $100 to $400 and you’ll get a 50% match (up to $200). If you deposit more – up to $2,000 – you can get an additional 20% on what’s extra. The maximum amount you can receive is $520.
The money will be added to your account in 10% increments. Every time you wager the equivalent to your deposit, 10% will be added to your account.
The last promo worth mentioning is their cash back rewards. This option will get you up to 20% of your losses back, depending on how often you ask for it. Wait 6 months and get 20% cash back. Wait one month and get 15%, or 10% on a weekly basis. I’ve been told this is a much better option for frequent casino players than sports bettors.
Keep in mind that many of their promos are either/or. Meaning, if you choose a deposit bonus, chances are you won’t be able to get the cash back and/or reduced juice – and vice versa, so choose carefully.
5Dimes Accepts Bitcoin
Like other bitcoin books, 5Dimes has an automated system, so your funds will hit your account soon after sending.
Another important note – most casinos and sportsbooks convert bitcoin to mBTC. But not 5Dimes. Your deposits will be converted to dollars (USD). You can deposit anywhere from $100 to $25,000.
Withdrawals (in bitcoin) are a little more complicated. How much you can withdraw depends on your history. When I reached out for clarification this is what they had to say:
If you EXCLUSIVELY deposited using Bitcoin, there is no limit on the amount you can request as a payout via Bitcoin.
If a player has $10,000 in his account and then makes their first Bitcoin deposit of $100 and then wants a payout, in this case they can only withdraw $100 in bitcoin, they would have to choose a different method to get the rest of the funds out. But if a player has their account at zero, and deposits $100 in Bitcoin and wins $10,000, then they would be able to withdraw the $10,000 in Bitcoin since the winnings came from the Bitcoin deposit.
Bitcoin deposits and withdrawals are converted to USD using the exchange rate at the moment the deposit or withdrawal is processed.
What they didn’t mention in their email, but mention in their terms, is that ‘free’ withdrawals are limited to 1 payout every 7 days, up to $1,000.
What Can You Bet On At 5Dimes?
Dumb question – what can’t you bet on?
All the major bet types and sports are covered here. That includes:
- Bet The Board
- Straight & RIF
- Teaser / Progressive
- If Bets
- Action Reverse
- Office Pools
- Betting Contest
- Review Bets
Click on any of these and they’ll present you with more options. You’ll choose the sport(s) you want to bet on…
… then choose the league and bet type (straight, over/under, prop, totals, etc). There’s a live betting option, too.
Then you enter how much you want to wager and submit your bet. It’s that easy.
Other Things You Can Do
Other than bet on sports you can play in the casino or sit down for a round of poker.
The casino offers all the standard options. You can choose from blackjack, craps, bitcoin slot games, roulette and more. They have a live casino too. Just beware – 5Dimes is one of the only casinos I’ve come across that have terms for professional card counters. If you count cards while playing their live blackjack games, they will close your account and confiscate your winnings.
There’s a poker room too. They’re on the Winning Poker Network. So you shouldn’t expect a ton of traffic. But there’s still more action here than any other bitcoin poker site. And, besides, the action here will be fishier since many players will be coming from the sportsbook or casino.
Seriously – Go Sign Up
Like I said, every legit review portal rates 5Dimes an A or higher.
I agree. I give them an A, too.
The only thing I’d like to see improved is their website. It’s outdated. But I’ll take a safe, legit and highly trustworthy sportsbook over fancy software any day of the week.
If you’re anything like me, you will too.