5Dimes Offshore Betting 2020
- No US based operating license
- Bookie holds offices abroad
- Sub-par betting odds
- Few payment methods for Americans
- No guarantee of payout
5Dimes has been established back in 1996 and serves as one of the long-standing offshore betting providers, stirring controversy with US players in a limited market and attracting bettors with no other options on the table. However, there are a lot of grey areas and there is a lot be careful about.
Indeed, 5Dimes sportsbook is licensed in Costa Rica and while the offer is there, it begs the question is 5Dimes safe, legal and what 5Dimes American players actually get with the operator. Let’s now take on a detailed 5Dimes review and see why many suggest it should be avoided by bettors in the United States.
Is 5Dimes Legit? Why not Play Here
The fact 5Dimes holds a license in Costa Rica could point towards its legitimacy, the fact the company failed to obtain a license to operate in the United States and still offers service to players country-wide proves otherwise. Question is 5Dimes legit demands an in-depth rationale with regard to industry standards.
State-licensed sportsbook operators offer a guarantee of quality service, regulated by the Division of Gaming Enforcement in an attempt to provide a safe surrounding for one’s gambling experience. This is founded on a basis of legal operations and gives end-users instruments to ensure such claims are in fact true.
Offshore operators can offer no such guarantee, as 5Dimes betting means taking part lurking in a black market. While the state agencies do not pursue players just yet, it obviously means 5Dimes betting site could be closed at all times with no prior warning.
Furthermore, there’s no immediate care for players’ data or the funds in such circumstances, which adds to the unpredictability when setting up an account. The users are obligated to pay taxes for the potential winnings but the payment methods provided by the operator also add to a feeling of promoted tax evasion, which could mean further problems in case of legal battles for the site’s sustainability.
On the other hand, 5Dimes EU boasts top-of-the-line software and promises gold standard in online gaming but lacking licenses or real regulation makes it really hard to actually confirm those. 5Dimes gambling thus comes off as a vague environment and cannot be recommended to players wanting safety above all, but the advantages of staying with regulated operators don’t stop there – with a need to discuss 5Dimes betting limits, bonuses, site usability and possibly most importantly 5Dimes payouts. Keep reading our 5Dimes sportsbook review and get more detailed info on essential features.
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5Dimes Scam or Not: Crucial Features to Check Out
While we cannot recommend signing up or betting with 5dimes.eu sportsbook, it’s only ethical to give a closer look to the key features offshore casinos has in store and rank them in order to better understand the needs of players and get why it’s actually important to stay away from such choices.
Betting Offer: Fan Favorites Only
The betting offer at 5Dimes doesn’t feel restricted but can be so at many times as the odds often don’t live up to the expectations one could get fulfilled with the regulated operators. However, the sports in the offer include fan-favorites like basketball, hockey, football, baseball, boxing, soccer, and many others like motorsports and eSports. Still, missing out on some major events has seen complaints from users.
Betting Odds: Reduced Juice Offers
The odds offer is at standard -110 price and even offers trademark Reduced Juice offer which has the sportsbook among top offshore providers, including totals and all individual team points. However, as it’s the case, 5Dimes will take away the Reduced Juice even on 5Dimes prop bets in case you’re making profits and this is rather indicative of the business.
Bonuses: Free Play to New Users
The 5Dimes first deposit bonus and rewards system are rather complicated to understand, as it’s usually the case with offshore gambling companies. This has many customers complaining they had to contact and clarify the terms and conditions with the customer support, which doesn’t really inspire confidence either when asking yourself is 5dimes sportsbook legit.
The deposit bonus consists of 50% free-play up to USD 520 for the sportsbook, together with promised reload bonuses and a number of other rewards – including cash back, 30% super saver reward, free payouts and more. While there are detailed FAQs for each of these traits, they seem a little confusing and are indeed better to take up with the support agents.
Payment Methods: The Usual Suspects
Now the important question, how to fund 5Dimes accounts? There is a number of payment options available but the limits are often only discussed with the customer support. The minimum deposit for VISA debit cards is USD 50 with no fees taken, while withdrawals can be done through checks (with a fee of USD 40 to 80), Money order (fee: USD 80), and Bank transfers (fee: USD 80). 5Dimes allows and encourages using Bitcoin, with a minimum deposit of USD 25 and no maximum limit with no fees taken, which does provide some anonymity but cannot be seen as a true shield to keep one's funds safe.
It is important to note that there have been reports of certain withdrawal methods temporarily suspended with no reason offered by the operator, which again is something often seen with offshore providers and contrasted by the regulated US sportsbooks.
Usability: Platform with a Simple Design
While 5Dimes serves as one of the first offshore online gambling operators, the website and 5Dimes desktop interface feel like it hasn't been updated since opening its virtual doors in the 1990s. It is largely reminiscent of Windows XP and offers a very simple design, including some even older button designs – hardly a boasting point when offered to modern players who enjoy betting on profound and well thought out sites.
Customer Support: Live Phone Bets Available
Lastly, the customer support is available through a number of channels, including phone lines, live chat, and e-mail service. The response times are good enough through most of the day but it can often feel like getting a knowledgeable answer for specific issues is more of a task. Interestingly, one can place bets via phone and this works even with 5Dimes live lines and serves as an attempt to better suit the needs of customers.
5Dimes Legal Issues
Changing Legislation and Its Effect on Offshore Operators
The times they are a-changing and once very restricted market in the United States which allowed no online bets whatsoever now has more lenient laws in several states, which adds to the overall feeling offshore operators will be pushed aside in favor of state-licensed bookies.
The sportsbooks licensed to operate in the state you’re in offer a more profound experience, which boasts user-oriented approach and dwells seriously on a standard of service as well as the overall safety. This ultimately means US players looking to place bets will no longer have to take their bankrolls offshore in order to gamble.
While the laws have not yet strictly restricted offshore operators to accept customers from the United States, the day could soon come with the on-going changes and this could mean additional trouble for the players.
Although this might be hovering in the future, it is obvious players prefer dealing with regulated companies as this provides a safer approach to gaming, especially in case of an issue where offshore operators arbitrate for themselves while legal operators have laws they need to abide. This means the industry could see state-based bookies prevailing even sooner than expected.
Is 5Dimes Legal: Top 5 FAQ Asked By Players
This makes it all the more important to emphasize the importance of staying safe and the only way to do so is with the state-licensed bookies and casinos, which tend to provide better service but are also legally obligated to comply with the said regulations.