5Dimes has been in the sports wagering business for a long time. They have been accepting your internet wagers since 1998.
5dimes Important Update – 9/8/2020 we learned that 5Dimes is leaving the US market for the time being. We do not encourage anyone to deposit or wager there at this time. Futures bets are being cancelled and or refunded where applicable. If you have a balance with them you have until the 25th of September to get your money out.
5Dimes Review for Historical Reasons
5Dimes has early-morning lines; 5Dimes is known for posting odds before any other gambling site, so if you like to get a leg up on other bettors, make 5Dimes your home for sports wagers.
Sports Available for Wagering
5Dimes is a sports wagering site, so don’t expect prop bets on reality TV or commodity futures. They have a wonderful selection of sports available for US bettors, including the following:
- Pro & College Football (5dimes tops many of our toplists for NFL 2018 including best place to bet the favorites.
- Pro & College Basketball
- MLB Baseball
- Olympics (when in session)
- Darts / Snooker
- Horse Racing
- Soccer (FIFA & other Clubs)
- Motor Sports (NASCAR)
- Golf (PGA & Other Leagues)
Okay, so you may not be able to vote on who gets kicked off your favorite reality show, but the betting options are good enough for the vast majority of American-based sports punters.
Betting Types That Are Available
We like the variety of betting types, including prop bets on pro sports (such as which NFL team or teams will or will not make the playoffs, along with other sport playoff props), and points spreads on literally every D1 and D2 college football and college basketball games. Lines on D2 basketball games are hard to find, but 5Dimes has you covered. 5Dimes also makes teasers available at a rate of up to 20 points for football and 16 for basketball, though parlays are not yet part of their betting options.
With no VIP or loyalty program, it may seem like 5Dimes is a slouch when it comes to bonuses.
But in reality, you get to take your pick of lots of different bonus plans: a reduced juice offer, a cashback program, or a more traditional sportsbook bonus offer.
If you are a regular bettor we recommend the reduced juice plan. (screenshot above).
You can bet with lower juice than anywhere else if you choose this option.
Otherwise, you can choose from either a 20% or 50% free-play bonus for all sportsbook action, depending on the size of your deposit, and this offer comes with promises of future reload bonuses.
Be aware that reloads are only available on deposits over $250.
This option is best for people who place lots of bets and deposit large amounts of money.
The 5Dimes cashback offer is worth 15% cashback on all of your sportsbook losses two times a year.
You have to request the rebate!
- Once before the Super Bowl
- and once before the start of the NFL pre-season
There are other details attached to the cashback program, so read the terms and conditions before you pick this version.
Bettors that put down a large number of wagers may prefer the reduced juice option, which cuts you out of the flashier bonuses and rebate offers.
However, reduced juice does save you money on a day-to-day basis, since you’re putting less cash in the book’s pocket for each bet.
Deposits & Withdrawals
5Dimes accepts customers from around the world, so American gamblers need to look for methods that are legal and available to US bettors. These include:
- Person to Person transfers
- Money Orders by mail or courier
- Cashier’s Checks by mail or by courier
- VISA / Mastercard (available to some American residents)
- Sportsbook Transfer
- Account to Account Transfer
5Dimes is the first main stream online sports betting site to begin accepting bitcoin for deposits. They convert will the bitcoin to USD as soon as you make the deposit.
Are USA Players Allowed to Wager at 5Dimes?
Yes, 5Dimes is open to bets from Americans, no matter what state they’re from. Remember that the US government isn’t interested in arresting individuals who bet on sports, only sites that operate illegally on US soil. If you live in the USA, you can wager at 5Dimes.
Where Does 5Dimes Get their Odds?
Like other top-notch sportsbook sites online, 5Dimes writes their own odds, with input from the lines appearing from Vegas, Atlantic City, Macau, and other big jurisdictions for sports betting. You’ll have a hard time finding arbitrage betting chances involving 5Dimes, since they try to set their lines close to their competition.
What Are the Wager Limits at 5Dimes?
5Dimes has a wide range of bets, though it depends on if you’re placing bets on the phone or online. Online bettors can wager as low as $.50 up into the thousands per contest, while phone bettors must bet at least $25 on parlays and $50 on all other bets.
What is Juice?
Well, to explain it best, let’s get the info straight from their website:
The industry standard for juice requires a player to normally risk $110 for every $100 they would want to win on a wager. With 5Dimes Reduced Juice a player risks less and wins more. 5Dimes has the widest variety of Reduced Juice options saving you money every time you bet. 5Dimes players can bet reduced juice on NFL, NCAA football, Canadian Football, NBA, NCAA basketball, WNBA, MLB, NHL, grand slam tennis, PGA golf, boxing, MMA, and special events.
5Dimes Reduced Juice offerings on football and basketball include 10-cent moneylines, 10-cent sides and 10-cent totals (-105 pricing). When wagering at -105 odds you are wagering $105 to win $100. This equals a discount of 50% when compared to standard -110 odds.
5Dimes has made the MLB 5-cent overnight money line famous. These lines are available overnight until 8:00am ET. Our 10-cent run lines and 10-cent totals on MLB will be available overnight and through game day right up to the first pitch of every regular season game.
Reduced Juice offerings are available in straight wager format and these lines are generally posted on the day of the event. Parlays, If Bets, and Rolling If Bets are NOT available using Reduced Juice lines.
New Player deposits from $100 to $400 will receive a 50% Free-Play Reward, up to a total of $200 in Free-Play. Here’s the Plus… if the deposit amount exceeds $400, and is up to $2000, it will also qualify for an EXTRA 20% Free-Play Reward. That is up to $520 in Free-Play Rewards!
|First Deposit Amount||50% Reward||20% Reward||Total Free Play Reward Applied|
With this offer you are able to receive up to $500 in Free Play to use in the 5Dimes Sportsbook.
The amount of your reward will be based on the amount of your reload and you can make the reload using any of the payment methods available. There is however a minimum of $100 and a maximum of $2500.
The Free Play Reward equals 20% of the reload amount. Deposit amounts of $100 and $249 will have a fixed Free Play Reward amount applied of $40.
Your reward will be credited to your account incrementally based on the amount you have wagered.
The following types of play will not qualify toward earning this reward –
- Live Betting Ultra
- Live Betting Extra
- Poker Rooms
3 Pros of Using 5Dimes versus an Actual Sportsbook in a Casino
Unless you live near a brick and mortar sportsbook, there’s no comparing the convenience of the online wagering game. In America, betting on sports is mostly only legal in Las Vegas and Atlantic City, a decent roadtrip or chunk of airfare for most US gamblers. Here are three pros of using 5Dimes versus real sportsbooks.
- You can bet on sports in your underwear. No one can see you. No need to get dressed up.
- The lines are basically identical to what you’d get in Vegas.
- Bonuses and promotions available at 5Dimes simply aren’t an option at traditional sportsbooks.