Five Dimes Betting

-105 Reduced Pricing

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Pay less per bet & get the largest betting menu

“Beginning in at least 2011, 5Dimes accepted wagers from and made payouts to U.S. Bettors, and transferred more than $46.8 million in proceeds earned from its illegal gambling activities in such a manner as to attempt to hide the nature, location, source, and control of the funds.” 5Dimes already incorporated 5D Americas LLC in Delaware. However, 5Dimes offers more than its competitors on parlay gambles. Most online gambling houses pay on average a 5/2 on two-team parlays or more (which gives you the ratio of 2.5). 5Dimes pays 13/5 odds on two-team parlay bets (giving you the ratio of 2.6), thus greatly improving player’s odds. The 5Dimes website contains additional information stating that it “will be back, better than ever and hopefully very soon” for its US customers. 5Dimes claims to be “relaunching the company into a. 5Dimes is dedicated to provide its customers with a great sports betting menu. Easy credit card depositing and innovative payout methods. Although their website is old school and even antiquated in many regards, 5Dimes is a great option for serious sports bettors.

5Dimes Sportsbook opened in Costa Rica nearly 19 years ago in 2000 by William Sean ‘Tony’ Creighton, a former professional sports bettor. As a sharp player Tony had the insight on how to attract bettors with unique offerings while never overexposing 5dimes. The book’s first claim to fame was its wagering menu, the largest for North American sports. At one time 5dimes.eu had five different casinos and two different poker rooms. If you wanted to make a bet on a Division 2 college that had more than one cardinal point in its name (South Western ‘Still-No-Idea-Where-the-hell-it-is’ University), 5Dimes was the place to go. 5Dimes was the very first sportsbook to book bets on teams featuring Lebron James and Carmelo Anthony… because they were in high school… as underclassmen.

In 2007 5dimes.eu began offering almost all of its betting menu on reduced juice markets, AKA low vig, AKA -105, AKA half of the standard price a sportsbook typically charges. Tony wasn’t quite Jeff Bezos. Afterall Pinnacle was the first bookmaker in the market to maintain the reduced model but they suddenly switched their focus to the United Kingdom and Asia. 5Dimes, recognizing the demand for value at the right time, solidified itself as one of the largest betting sites. Since then not much has changed. The software has improved, but the model remains the same: high value, high volume bookmaking. This value for the player means 5dimes excels at player retention.

5Dimes Overview

5Dimes Sportsbook Details

5Dimes Sportsbook has been taking bets before its customers were born

Yes, 5dimes can officially say it has been accepting wagers before some of its customers were alive. It has been over 18 years since the 5dimes website was launched. It’s impressive when you consider 5dimes started taking bets when people dialed in to AOL and spent most of their time in chatrooms asking “A/S/L?” or sending the kind of email forwards long forgotten if not for Grandma recently discovering the internet.

Sign-up Bonus - It’s relatively crappy.

The 5dimes deposit bonus almost seems to be set up to educate bettors on the value of reduced juice -105, VS -110 betting. It’s not that a 50% Free-play is terrible. It’s just that when you compare the bonus to the reduced juice offering its like committing to cable for the full year because they gave you two months free instead of going with Netflix for nine bucks. And just like that cable package, you can’t simply switch to Netflix after the bonus is over. You are stuck with the deal you made. 5Dimes gives players 50% Free-play bonus on deposits of $400 and then 20% on any amount above that.

Bonus Terms - Get out your calculator

If you understand how sportsbook play-through requirements work, this is not that complicated. However, if you understand how sportsbook play-through requirements work… you are opting for -105 reduced juice.

Using the example of 50% free-play bonus of the max bonus amount of $200, 5Dimes releases a $20 free-play (10%) for each one of the ten required play-throughs (rollovers) of Deposit + Bonus. So rather than get your free-play on the day of your deposit, it is released after you give the sportsbook its wagering activity. Using a rough evaluation of a free play being worth half of its amount in cash, you are getting $10 for every $100 wagered. When you bet that same $100 on a given day and won half of your bets, you would pay $5 in vig (on the $50 losing side). Now, recalculate that at -105, and you save $2.50 for every $100 wagered. To summarize: You get $10 of value for every $100 wagered but only up to $200. With reduced juice, you are in theory paying yourself $2.50 for the same $100 wagered, but also for every $100 wagered after that, FOREVER. All bettors will lose some of their wagers. Reduced juice minimizes those losses.

Reduced Juice at -105

Less than -110 pricing has a few different names including Reduced juice, Reduced Vig, Discount Vig, or is simply referred to by how many cents on the dollar it represents. Reduced juice is often -105 or -107 but can be anything less than standard -110. 5Dimes offers all standard straight bets at -105 with the exception of soccer markets. For example, the Celtics full game spread would be priced at -105 but the Celtics spread for the 2nd half would be the industry standard -110 price. For players line shopping and looking for long-term value, this feature makes 5dimes a must-have.

Unique Odds - At 10c lines, one side is always juicy

A sportsbook that has -110 lines has enough wiggle room to stay around, or straddle, the average odds essentially. There are good sportsbooks that have a model of not being exposed to bettors who are looking for the best odds on their pick. With 10 cent vig, there is less to work with as well as the line moves propelled by its thousands of bettors. 5dimes is often offering the best price on a team.

Bitcoin - You don’t actually bet in crypto

Bettors want to bet on their sport picks not on the price of bitcoin. When players send bitcoins to 5dimes, they will see the value in US dollars reflected in their 5dimes balance. When they request funds, it is also in dollars. That means if you request $100, 5dimes will always send $100 worth of bitcoin, and barring a bitcoin value change in the time, it takes you to redeem your coins to dollars, $100 is what you get — free of fees. Typically bitcoin redemptions take a few business hours although 5dimes asks that players allow for up to 72 hours to send the funds.

5Dimes Pros & Cons

When talking about one of the best sportsbooks of all time, it is hard to outline cons without feeling like you are doing it for the sake of needing them on the review. Having 5dimes as one of your sportsbooks will save you money on a nightly basis so pointing out that the homepage is ugly or bitcoin withdrawals can take longer than other books may seem superficial. However, if you are a brand new bettor about to burn some cash for the weekend’s playoffs, then finding a big cash bonus may be the better choice, especially because you are still eligible for -105 at 5Dimes Sportsbook later. If you are settling into one betting site for the season or just need to add the sportsbooks that may have the best odds for a given play, 5dimes makes sense… and less cents.

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5Dimes and the U.S. Department of Justice reached a $46.8 million settlement of an investigation into illegal US sports betting operations, as well as money laundering and wire fraud.

The company announced an intent to enter the US sports betting market following the deal, although state regulators likely will balk at the long list of criminal activity detailed in the settlement.

5D Holdings and owner Laura Varela will forfeit the illegally obtained gambling proceeds as part of a settlement with the US Attorney’s OfficeEastern District of Pennsylvania into the criminal investigation of 5Dimes’ offshore operations in Costa Rica.

“Beginning in at least 2011, 5Dimes accepted wagers from and made payouts to U.S. bettors, and transferred more than $46.8 million in proceeds earned from its illegal gambling activities in such a manner as to attempt to hide the nature, location, source, and control of the funds.”

5Dimes already incorporated 5D Americas LLC in Delaware. The agreement allows Varela the “use of her assets or the assets of the 5Dimes brand to explore future options, including, but not limited to, re-constituting the 5Dimes brand to be licensed to conduct legal, regulated gaming activities in the U.S. and internationally.”

Why is 5Dimes settling?

Varela is the widow of Sean “Tony” Creighton, who was found dead in Costa Rica after he was kidnapped and murdered in Sept. 2018. She’s a Costa Rican citizen.

Five Dimes Sportsbook

The $46.8 million was traceable to transactions that violated multiple sections of Title 18 of the United States Code. The settlement agreement includes the fact that 5Dimes “acknowledged that those funds are the proceeds of various unlawful gambling-related offenses.”

Those include:

• Wire fraud
• Money laundering
• Illegal transmission of gambling information

Not all cash

That $46.8 million seized wasn’t totally liquid as Creighton attempted to launder the funds multiple ways, according to the settlement.

The Department of Homeland Security Investigations seized $3.4 million in cash and other assets like a 1948 George Mikan rookie card he bought for more than $400,000 and $715,000 in rare coins.

In total, the assets forfeited were worth more than $26 million. Varela also agreed to forfeit $2 million seized by Costa Rican authorities and pay an additional $15 million.

Offshore betting seen as illegal by feds

The settlement and preceding investigation strike a blow to those sympathetic to the legality of the offshore industry within the United States. The federal government began investigating 5Dimes’ illegal acceptance of US-based bets years ago and imposed a massive fine for the company to avoid charges.

While the company paints the settlement as its pass to seek state-level licensure, the underlying agreement submarines the opinion of many who paint offshore operations as legal under US law.

The admission of ongoing violations of US law dating back at least a decade will make for a heavy discussion topic for state regulators.

What’s next for 5Dimes?

The next step will be trying to get 5Dimes licensed in New Jersey, Varela’s attorney Jeff Ifrah told the Wall Street Journal.

Varela will also have the support of the US Attorney’s Office throughout the process. It will “answer inquiries made by gaming regulators, potential investors, and/or financial institutions regarding her cooperation in EDPA’s investigation and lack of involvement in the operations of 5Dimes,” according to the settlement agreement.

That means whether Varela gives it a go with the brand or decides to sell, she’ll get the help of the authorities she aided throughout the investigation.

5dimes Betting Odds

How gambling regulators will treat 5Dimes will be an interesting case study. Literally days ago it was still taking wagers from Americans illegally. And we know that the site has been sending at least some bettors to a site that runs with the same backend and lines.