Legal Review Of 5Dimes Sportsbook
In this legal review of 5Dimes sportsbook, we will strive to answer every question you might have. From whether or not it is legal for American bettors to use this site to if it’s a trustworthy sportsbook, you’ll find all of the answers you’re looking for, right here.
This legal review of 5Dimes will touch on the history of the book. Established in 2000, 5Dimes operates out of San Jose, Costa Rica. It is under the jurisdiction of a gaming commission and is regularly monitored for quality.
5Dimes is licensed and regulated by the proper authorities in Costa Rica. In the last nine years, 5Dimes has been voted the #1 betting site by players six times. It currently holds the number one rating from SBR, a leading authority in legal sports betting sites.
Below, this legal review of 5Dimes sportsbook continues, going over some of the key reasons why this book is so highly rated in addition to what makes it one of the best legal online sportsbooks. We answer any and all of the questions you may have. From deposit information to bonuses and promos, this 5Dimes sportsbook legal review covers everything.
The first place any legal review of 5Dimes sportsbook (or any other sportsbook for that matter) has to start is whether or not the book is legitimate. If you couldn’t tell from the information in the intro, yes, 5Dimes is a legitimate sportsbook that you can trust. From the incredible security measures they take in order to ensure the safety of your personal and financial information (SSL technology and identity verification) to the dedicated customer service reps that are waiting and ready to handle any issue you might have, 5Dimes is a legitimate site. You won’t have to deal with scams, phony payouts, or anything like that. This book has been operating for nearly 20 years and has never had a complaint. Players consistently praise 5Dimes as one of the best online sportsbooks, one that they trust implicitly.
Is It Legal For Americans To Bet At 5Dimes?
It is legal for Americans to bet at 5Dimes. This is because 5Dimes operates out of San Jose, Costa Rica. The fact that the sportsbook is regulated and operated in a different country is what makes it a legal sports betting site, as it does not violate PASPA or the Wire Act, the two federal sports betting laws in the US. By operating outside of the US, it does not violate any state laws, either. Because of this, it is legal for Americans to bet at 5Dimes.
Yes! This legal review of 5Dimes sportsbook is happy to report that 5Dimes does accept bettors from all 50 states. This site does not interfere with any state laws, and because of this, it is able to accept residents from every state. It doesn’t matter if you live in Hawaii or Washington D.C., 5Dimes is a legal sports betting site available to you.
Why Is 5Dimes Legal To Use But A Sportsbook In My State Isn't?
5Dimes is legal to use when a sportsbook in your state isn’t for one simple reason – it is based in another country. A sportsbook run by your neighborhood bookmaker is not lawful because of the Federal law PASPA. PASPA prevents states from composing legislature that would regulate sports betting in the state. Without this legislature, locally operated sportsbooks cannot be run legally, which means that if you’re betting with Betty the bookie, you’re doing so illegally, even if you’re using her website to do it. Online, offshore sportsbooks are regulated by the gaming commissions in their countries. For example, 5Dimes is located in San Jose, Costa Rica, and is regulated by the gaming
5Dimes Sportsbook Legality
The legal issues surrounding online gambling in the United States is in a grey area. The legal sports betting sites are readily available to be enjoyed, but the UIGEA is out there waiting to complicate your deposits. 5Dimes provides their users with some of the easier deposits, however, as their payment processors are highly effective. You aren't going to get arrested just for joining in on the games, if that is what you're going to ask.
What Is The Legal Age To Play For Real Cash At 5Dimes?
If you are looking to bet and win money at 5Dimes, you better make sure that you are at least 18 years old to do so. 5Dimes has that in writing on their site, as account holders must meet that requirement. For you USA players though, it also comes down to state gambling ages. Even though 5Dimes says 18, if you live in a state where that gambling age is 21, then 21 years old is the age that must be met for you to legally play and win real cash at the sportsbook.
5Dimes accepts a number of different deposit methods. You can use any of the major credit cards, Visa, MasterCard, or Amex. They all carry the same limits, ranging from a minimum of $50 per deposit to $500 max. You can also use money orders to fund your books. It does take a few days for the book to receive the funds and credit your account, so this is the slowest funding method.
You can also use bitcoin to fund your account. Now, when you bank with bitcoin, 5Dimes automatically locks you into this banking method for the remainder of the time you’re using their services. Bitcoin deposits can range from $25 to $10,000. There are no fees to deposit or withdraw with bitcoin at 5Dimes.
The final deposit method available at 5Dimes is the account to account transfer. This means you can take funds from another sportsbook and send them to your 5Dimes account. This allows anywhere up to $25,000 to be credited to your account. You can also take funds from your 5Dimes casino or racebook account and send them to your sports betting account if you’d like.
What you need to know about credit card deposits is that sometimes, they can be declined by a US federal banking regulation called the UIGEA. This regulation allows banks to decline payments made to online, offshore gambling sites – like 5Dimes. While it doesn’t happen often, it does occasionally occur, which we feel should be made known to online bettors. Using a prepaid card gives you the same convenience as a credit card and will eliminate any possibility of a declined payment under the UIGEA.
5Dimes has a few deposit bonuses available to its players as well. Players can collect on these deposit bonuses with any deposit method except book to book transfers. Unfortunately, those funds are not able to have deposit bonuses added to them.
Getting a payout from 5Dimes is easy as a U.S. player, with plenty of legal options to do so. These include a check in the mail, a bank wire, a wire transfer, and even a 5Dimes Debit card.
The check through the mail comes with a $40 to $150 fee attached, and players must withdraw at least $1,000 up to a maximum of $3,000. This can be expected to get to you within 15 business days.
The bank wire and wire transfers are processed in a similar fashion, but the wire transfer takes considerably less time because it goes through individually. The wire transfer option will get to you within two days, with a minimum payout of $100, up to $2,500. As for the bank wire, players can get up to $10,000, but it does take close to 10 business days to be received.
The 5Dimes debit card is a neat feature, which can be used and then put into your bank account. The debit card takes just three to five days to be paid out, with a $100 to $2,500 parameter installed.
5Dimes has a bunch of different bonuses and promotions going on. Their biggest draw has got to be their reduced juice. This means you’re paying less vig on ever bet, and they offer it for everything from NFL games to grand slam tennis matches. The games that are eligible for reduced juice will be posted the day of the event. The book will also match 50% of your first deposit, up to $520. It is released in increments so that you always have extra funds in your account. Once you begin reloading your account, you can start earning up to $500 in free play rewards. 5Dimes also has a cash back rewards program, where you can earn up to 10% once a week throughout the year, 15% back every 30 days, or even 20% back, when you only collect twice a year. These are the main promotions running at 5Dimes sportsbook right now.
No legal review of 5Dimes sportsbook would be complete without a list of bet types available. At 5Dimes, you’ll have more wagering options available than you would at any other online sportsbook like it. This site has 1000 wagering options each day, and a big part of that are the wagering options they offer. They have more pleasers and teasers than any other book. Their parlay cards are bigger, and their live odds are more varied and are carried on more games.
- Progressive Teasers
- Progressive Pleasers
- If-bets (win only)
- If-bets (win and push)
- Rolling if-bets
- Round Robin
- Asian Handicaps
- Live betting
Does 5Dimes Have Lines On All Moneylines
5Dimes offers lines on almost every major sport. We’ve included a full list of the events you’ll be able to find lines on. 5Dimes provides one of the largest selections of sports to bet on. From American events to European favorites, 5Dimes has you covered.
- Motor Racing (Formula 1, Nascar, Busch series)
- Fighting – Boxing, UFC, MMA
- Competitive Eating
For parlay bets to win at 5Dimes, each of the individual bets made within that parlay must all hit. If one of the bets within the parlay is a push, the parlay is still active, with the parameters of the wager now set at one bet less. Essentially, if there were 5 bets and 1 pushed, it would be a 4-bet parlay rather than a loss. Parlay bets at 5Dimes can apply to game lines and prop bets, even in different matchups. An open parlay is available as well, in which bettors are able to completely fill their parlay in at a later time than when first getting it started.
As far as the betting odds that can be found at 5Dimes, users will certainly not be disappointed. Every sport you could want to wager on is found at 5Dimes, not to mention the betting lines available are found nowhere else. Examples include 5Dimes having game lines for the NFL and college football months in advance. Bettors can wager on season openers in these sports and have some action in the offseason outside of futures.
Those who sign up at 5Dimes will be able to take advantage of the hundreds and thousands of betting lines that are formed throughout the year. Different wagers can be made too. Straight bets, parlays and more are all available. And for those who are curious about the different ways to make wagers on sports, 5Dimes offers a nice tutorial to help guide users to informed betting decisions.
Bets can be placed using 5Dimes Sportsbook outside of the home and the computer through the use of the mobile site. This mobile site at 5Dimes can be accessed through a variety of different mobile devices. Among them include apple products with the iOS, Android powered devices, BlackBerry, and even the newer Windows Phone + tablets.
5Dimes mobile betting does not limit the user in any way. A full, complete list of betting odds plus other wager options are available in the mobile version of the website. Even without an account, a prospective 5Dimes user is able to sign up through the mobile site and then begin to bet. 5Dimes have never been more easily accessed.
When you use 5Dimes, you can rest easy knowing that you have the absolute best customer service representatives just a phone call away. It doesn’t matter if you want to have a question cleared up or if you’re having a problem figuring out how to request your withdrawal. The customer service reps are here to help you, day or night, anytime. You can reach these reps through any of the toll-free numbers the sportsbook provides. To limit time spent with an automated menu, the numbers are broken down by department. So there’s a specific line just for sports betting. You can also email the sportsbook if you don’t want to deal with anyone on the phone. Emails are responded to as soon as they are received, and it never takes more than a day to receive a response, although most of the time it only takes a few hours.
Having used this sportsbook extensively, we can tell you that 5Dimes is one of the more powerful sportsbooks. They have shown us that they provide their players with a totally secure gaming environment. They rarely lower limits on their player's accounts, which is what many online sportsbooks will do in the event that one player starts to win too often. 5Dimes is a great sportsbook for both recreational and professional bettors, and we recommend it to anyone who is looking for a new sportsbook. The 5Dimes review showed us that each of their features were exemplified to the highest caliber, and we can tell you that you will not be making a bad choice if you take this route.