5Dimes Sportsbook Review
Originally Published: 5/19/2013
This is my second attempt at reviewing a sportsbook, and this review will cover the 5Dimes sportsbook! As I mentioned briefly in my Bovada Review, I have spent the past few months betting at a variety of sportsbooks across the web. And now that I’ve had the chance to gamble on all of these systems, I am providing my detailed reviews of what I think are the top 5 sportsbooks to be used for bettors in the United States. I do not touch on the legal climate of betting on this blog, however, I think a great reference can be found at Is Online Sports Betting Legal?
5Dimes currently sits at number two on my list of Top 5 sportsbooks. I previously had them listed at number four, but after spending a little more time on the site, I decided to bump them back up past Top Bet and BetDSI. Like all the other books, 5Dimes has its positives and negatives which I will get into below. For more information on the other sportsbooks that make my Top 5, please see: Top 5 Sportsbooks.
There are a variety of good ways to get money into your 5Dimes account. First, there is VISA Processor. This is still arguably the best way for depositing money into an account though it’s getting some competition recently (see Bitcoin). First time users are restricted to a minimum deposit of $50 and $250 as the maximum deposit. After three successful deposits, those limits get raised to $500. Second, there is MG, however, since this isn’t a very popular method I wont get into this method in this review. Third, there is Bitcoin. Even though there is a little bit of a delay in the process because of the Bitcoin blockchain sequence, we still highly suggest Bitcoin. If you make your deposit in Bitcoin then there are no limits to the amount of money that you can have withdrawn in Bitcoin – this is a big plus. Other options include money orders, RIA and Western Union.
Overall, all the methods are very easy to use and we have never had any issue with getting money deposited in 5Dimes.
Limits/Ease of depositing money: 10/10
One of the biggest advantages to using the 5Dimes Sportsbook is that amount of selection that is available. I feel like you can bet just about anything on sportsbook and the image below doesn’t do it justice as this is only a partial screenshot of what the betting board looks like.
The interface is one of the places that I feel like 5Dimes Sportsbook really excels. It is very straight-forward, simple and to the point. Even though there is a vast array of betting options, all of them are very well organized and easy to navigate. 5Dimes is the best sportsbook out there for the experienced and professional bettor as they cover every type of bet imaginable (If Bets, Teasers, Action Reverse, etc.). Below is the view of the interface once a sport (or sports) is selected.
It is easy to see how well laid out the betting options are above. In the example, one can see the ability to bet on the spread, money line, and the over/under for the game. Further, there are drop down boxes for each of the options that allow the bettor to buy points to give a wider range of betting options.
With the bets waged, one then needs to confirm the bets by reentering their password.
Look and feel of the betting interface: 8/10
Favorable odds are another reason that 5Dimes remains a very popular sportsbook for professional bettors. 10 cent lines are more or less the rule rather than the exception on MLB games. As I write this blog in May, there are already Week 1 NFL game lines that are up with 20 cent lines.
While these early lines are great for the serious sports bettor, the bet minimums are what attract the recreational gambler. For only 50 cents, one can place a bet online at 5Dimes! This is the lowest minimum that I have seen in the industry and it is certainly the lowest of all the sportsbooks that I am reviewing. That said, I would wholeheartedly refer to 5Dimes any volume gambler that likes to place bets over a variety of different sports.
Odds Prices and minimum bet limits: 10/10
Mobile betting over smartphones has become increasingly popular over the past few years. As I’ve stated before, I rarely do any betting from my home computer. In fact, I would say about 75% of my betting is done at a sports bar so having a solid mobile betting site is very key for me!
My phone runs the Android system, and one can see what the mobile site looks like in the image to the right. Even though 5Dimes did update their mobile platform, it still does not have a very friendly look on a mobile phone. The image shows exactly what the betting board looks like on my phone. If you don’t have any issue zooming in and out of your phone’s browser than you may not have an issue with this at all. Actually, the mobile site is quite functional, but it just doesn’t have the look and feel of a mobile sportsbook site.
Mobile Betting Platform: 6/10
5Dimes now offers a wide variety of different ways to withdraw money from the sportsbook account. The Person to Person options are available with minimum payout limits of $100. Another option is a cashier’s check, but the limit is a whopping $1,000. I used to like to receive payment by check, but the high limit bothers me a little bit. I now use the Bitcoin option almost exclusively and found that it is unbelievably easy (and free)! There is also an option to receive a bank wire which is available for up to $9,500 in USD, or $7,500 in CAD or EUR.
Though I am not a fan of the limits for the more traditional method of payments, the payouts from 5Dimes are very reliable and customer service is easy to reach if there are any issues. Most payout options are free on Mondays between 9am and 1pm EST. I used this option and had a check at my door within two days! This is actually the quickest I’ve ever been paid out by any sportsbook.
Ease and price of payouts: 10/10
Pro: The lowest minimum bet of any sportsbook in the industry (50 cents).
Pro: Incredibly reliable, very few complaints, have been around for a long time.
Pro: Multiple bet types. It’s possible to make just about any bet imaginable.
Pro: Covers just about every sport on the planet.
Pro: Very favorable odds. Posted odds listed very early.
Pro: Lots of variety on the ways to get paid out and a lot of free options.
Con: They are not very big on player bonuses or promotions.
Con: Not the flashiest sportsbook site on the web.
10/6/13: 5Dimes jumped up from my number-four rated sportsbook to my number-two rated sportsbook.
12/18/13: Improved the rating on their payouts from an 8 to a 9.
10/13/14: 5Dimes does not accept Click2Pay anymore.
6/12/15: Improved the rating on their payouts from an 9 to a 10. Updated the Payout section with additional methods. Updated the mobile betting section.
3/21/16: Removed some payout methods.
9/23/16: Added/removed some deposit methods.
There are a number of reasons why 5Dimes can be considered one of the best sportsbooks on the web. Even though I have them listed as only my number two sportsbook, there is very little difference between my number one and 5Dimes. And there is no doubt that one can make a sound argument that 5Dimes deserves to be number one. The main reason that I have them listed behind Bovada is that 5Dimes simply can’t match the ease of payouts that Bovada offers. But again, payouts aren’t what makes a good sportsbook, functionality does. And make no mistake, 5Dimes excels in its web site functionality, customer service, and overall usability.
To sign up at 5Dimes: Join 5Dimes