1. 5dimes Free Payout
2. 5dimes Payout Rules
3. 5dimes Payout Fees

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5Dimes Sportsbook easily ranks as one of our best sports betting sites, for a variety of different reasons. This is a sports betting site that has been around for more than two decades, so it's stood the test of time, and within that time, has grown into one of the largest and most successful sportsbooks in the industry. 5Dimes has their central location in Costa Rica, with one of the focal points of the betting site being players from the United States, so there is plenty of action available for those who are ready to go at it.

And when bettors win at 5Dimes, they receive payouts. The withdrawal portion of 5Dimes is very good, and gives players an easy process to navigate in order to get their winnings from the sportsbook account into their hands in as little time as possible, with as little fees as possible. Exactly what that entails is the main target of this page here, because SportsbookPayout.com wants to give our readers the best information on everything relating to the withdrawal process as a specific sportsbook.

How Long Do 5Dimes Payouts Take?

This depends on the nature of the withdrawal and the specific method that is selected. Each available payout at 5Dimes will have the steps to take from making the request to get a payout, to the cashier on site sending it, too it then reaching the bettor. 5Dimes has payout options that take just a few days, but then there are some that can be up to a couple weeks. All in all though, no matter what the method is, 5Dimes is very competitive with respect to time, and when it comes to different options, they might have one of the best available of any sportsbook.

We think that you'll find 5Dimes payouts to be more than accommodating and that you would find at least one of the options to meet the needs that you are looking for. The types of payouts that are found can be seen below; beginning with one that might be our favorite of any sportsbook that we review.

Debit Card Funds Application - The DCFA is a payout option that lets money get paid out on your Visa or MasterCard debit card. It takes just 3-4 business days for the transaction to be complete. There is a minimum $100 payout that needs to be sufficed, with the maximum going up to $2,500 per transaction.

Courier Check - The check through a courier takes about seven business days to get to the bettor. There is a $1,000 minimum withdrawal amount for USA residents, up to $2,450 for each check that is sent to the player. There are different fees that go up as the check amount goes up, anywhere from $40 upwards of $80.

Money Order - Money orders can be sent out to players, with 5Dimes saying that it will take 24-48 hours after the request is made to get the money order on its way. The money order must be for at least $1,000, but can go all the way up to $9,500 which makes it a very high maximum amount and good for big players looking to make a big withdrawal.

Prepaid Cards - A prepaid card payout from 5Dimes takes 3 to 5 business days to be received by the account holder. There is a flat $25 fee that comes along with this particular payout, because it is only offered in one amount. Bettors must withdraw $2,500 in order to receive a payout through a prepaid card. However, 5Dimes offers one free withdrawal every 30 days from a user’s account. That means if bettors make one withdrawal utilizing the prepaid card service provided by 5Dimes they will not have to pay the $25 fee.

1500 Club - This type of payout works as a debit card capable of receiving payouts from 5Dimes' accounts. To use this option, enrollment in the 1500 Club is required. Users of the card are able to get up to $1500 in payments two times per week ($3,000 total). 1500 Club is a way to deposit and withdraw back and forth from 5Dimes as well. This is a safe and convenient way for 5Dimes users to receive payouts straight into their banking account which can then be used to directly pay for goods + services.

5Dimes Payout Fees

There are fees that come along with each of the payout methods found at 5Dimes' sports betting website. All of these fees will depend on how much that is being paid out. This is what's known as an escalator fee, with the amount raising the more money that is being sent the direction of the player. This is pretty standard practice though and not something that should be used as caution when looking at 5Dimes. The fact of the matter is that fees are a part of the sports betting withdrawal process. What makes 5Dimes nice though are the different choices afforded to the player, specifically the DCFA.

5Dimes is probably the sportsbook that from a betting odds perspective is the No.1 ranked betting site that we review. This is the part of the page where other parts of 5Dimes are discussed, and you can bet that the odds found on the site are going to be a part of that, in addition to several more.

How To Join - The 5Dimes Sign Up Process

5Dimes has a signup page that requires every player no matter what country they are from to fill it out. Players will need to fill out the information on the page, and then the account can be created right away so that the next step in the process of depositing can then take place, which puts them right into the betting action. In total, expect it to take less than two minutes to finish.

Are U.S.A. Players Allowed To Bet At 5Dimes?

Players from the U.S. will be able to create an account at 5Dimes. This spans all 50 states. However, residents Washington, Maryland, and New York will be limited on their deposit methods, which will not be the Visa credit card option. Aside from that, USA players need to be at least 18 years old to legally bet on site.

5dimes Free Payout

5Dimes Deposit Methods - How To get Money Into Your Account

5Dimes doesn't exactly have the most deposit methods that you will come across, even for sportsbooks accepting USA players. But the one main deposit option that they have is a Visa card, which caters to a wide demographic of American residents with Visa being so popular. This means that Visa is the No.1 sportsbook deposit method on site, and that is true.

For those who don't have Visa, a money order is an accepted method for players from the U.S. Money orders are deposited into the sportsbook account of the player immediately after it is received by the cashier at 5Dimes.

5Dimes Sports Betting Bonuses & Requirements - Deposit + Reload Bonuses

The bonus program at 5Dimes allows for players to get up to $520 on their first deposit into the sportsbook. It's broken up into two parts though, with different amounts earning different percentages on a match.

This is a new player bonus in which the first deposit up to $400 will receive a 50 percent match, so a $200 bonus can be achieved. From there, the remaining amount on a deposit up to $2,000 will receive a 20 percent bonus, which would total an extra $320 for a grand total of $520. To qualify for the bonus, a minimum of $100 must be transferred the first time the user makes a deposit into 5Dimes.

What Does 5Dimes Offer To Bet On?

The expression that 'nothing's off limits' almost hold true when talking about betting odds at 5Dimes. You won't find a sportsbook that will offer more. This extends from game lines, through props, and on into futures wagers. The sheer number and volume of betting odds and the unique lines are enough to want to sign up at 5Dimes alone, even without the other top-rated services.

In terms of wager types, it's pretty standard as far as different bets like parlays, straight bets, and things of that nature. But the difference lies within the betting odds themselves and what payouts are formulated for different matchups.

5Dimes Sportsbook Support - How To Contact

There is a help center at 5Dimes Sportsbook that is there to answer many of the commonly asked questions regarding the sportsbook. But for those questions that might not be on there, 5Dimes also offers an email at info@5dimes.eu, or a live chat section that is right on your screen which will connect you to the next available customer service representative.

When talking about payout, 5Dimes has the option that we like the best, which is the Debit Card Funds application putting money right on the Visa and MasterCard debit card. Getting funds issued directly to your bank card doesn't get any better for a player from the United States - this method of payment makes using 5Dimes' online sportsbook very appealing.

Adding to that are the betting odds that are rated extremely high. All of the lines that are offered can be viewed without an account, so be sure to stop by and visit.

Skip the Headaches and Play at a Legitimate Site

You’re looking for a legitimate U.S. gambling site, but can’t decide which site to trust with your hard-earned money?

Good news! We’ve been in the online gambling industry for over a decade (several decades, really, if you add all of our experience together), and we’ve spent countless hours to bring you a list of the most legitimate sites.

Here’s what all of these sites have in common:

• 10+ years in the business with strong reputations.
• Attractive promotions for first-time customers.
• Quick money withdrawals (relative to the U.S. market).

Why Bovada Is #1 in the U.S.

#1: Fastest Check Cashouts

Bovada gets 10 times as much traffic as its second best US competitor and still delivers check payouts faster than any of them. Bovada processes check withdrawals in 7 days; many of its competitors take weeks, some more than a month to do the same. (There are other fast options, like the #3-ranked BetOnline, which delivers checks in 14 days.)

#2: Service

An equally important aspect of Bovada’s operations is its customer service. If there ever was an indication of how much a company respects its customers, it’s the level of customer service the company provides. I haven’t found any US-friendly site doing this aspect of the business better (although 5Dimes is a worthy runner-up).

#3: All-In-One

Finally, all parts of Bovada’s business (sportsbook, casino, poker, racebook) are popular. Bovada is best-known for sports betting and casino games, however, even its online poker room has around four times as many players online as the second biggest US poker site. You can access all of their games with one player account.

… But You Should Know This

Bovada is recreational-friendly, perhaps more-so than any other US site. You’ll find few golden opportunities in their sportsbook (read more about their use of dual lines), they have a relatively high overall house edge (especially after recently increasing house edge in video poker games) and their online poker room only has “anonymous” tables.

Although not everyone agrees with me, the recreational-friendly part is an advantage for skilled poker players. Since Bovada appeals to recreational gamblers, you’ll be like a shark among regular fish.

Bovada charges a 4.9% fee for credit card deposits (a lot considering how most sites charge nothing). The impact of the deposit fee is slightly compensated by their welcome bonuses, which are better than average.

All online gamblers look for entertaining games, attractive promotions and aesthetically pleasing software. To have a safe experience, however, you want a site to:

1. Serve its customers with safety and respect,
2. Operate with a reasonable house edge, and
3. Handle money transactions promptly.

Yes, the third point is included in the first point but it’s also such an essential part of the customer experience that it must be mentioned separately. Many online gambling websites operate without an adequate level of service so these points are worth considering. It’s rare to find a combination of all three points.

Bovada fulfills all of the above criteria better than other sites but 5Dimes does well, too. In fact, I’m confident in ranking those two as the best USA gambling websites specifically because they deliver so well in the areas related to safety and trustworthiness. A site without proper customer service and safety measures is not one you should deposit money to, regardless of its promotions and whatnot.

What Are Some Alternative Options?

For Sports Bettors

5Dimes.eu is the best betting site in the US for the following reasons: they’re professional-friendly and offer reduced juice betting lines (in other words, less house edge). Before betting on any game, I recommend taking a look at the odds 5Dimes is offering. They’ve been a reliable sportsbook for over 10+ years — you’ll find few complaints about 5Dimes online, and the ones you find have been resolved quickly.

For poker and casino games, I would go with Bovada. But for sports bettors, it makes the most sense to have an account at 5Dimes.

Another Solid Option

BetOnline.ag is my third suggestion. It’s not significantly better than the others in any area but they’re simply a solid option. Prompt cashout processing, decent poker traffic, good sports betting options and entertaining casino games. Additionally, I’ve had good experiences with their customer service.

For sports bettors, BetOnline is worth signing-up at simply to be able to compare betting lines among a few sites. For poker players, BetOnline may offer some good games every now and then (keep in mind: you can bet on sports and play casino and poker games with the same account, so plenty of gamblers will stumble on the poker games eventually). For casino gamblers, BetOnline has a basic but reliable offering.

BetOnline charges a 6% fee for credit card deposits.

Is It Legal to Play?

The definition of ”gambling” and the laws surrounding vary depending on which state you live in.

In Delaware, Nevada and New Jersey, some forms of online gambling have been legalized and regulated (only state-licensed sites are allowed to operate legally). In other states, it’s likely (although not widely agreed upon) that playing – and certainly operating – online gambling games for real money is illegal.

On a federal level, sports betting is the only form of prohibited gambling via the Wire Act of 1961. For several years, the Department of Justice (DOJ) maintained that the Wire Act applies to all forms of online gambling, but in December 2011, they corrected that stance by stating that the Wire Act only applies to sports betting – a result of a 13-page memorandum from the Office of Legal Counsel to the Criminal Division of the DOJ (source).

State laws, however, often indirectly prohibit gambling. Or to put it another way: it would be difficult to claim any forms of online gambling legal with absolute certainty in most states (lotteries and such aside). Most state laws indirectly prohibit gambling simply by making all forms of gambling unlawful that have not been made lawful.

Purely based on history, it’s unlikely you’ll get into legal trouble; then again, if something is illegal, you can get into trouble, and someone probably will. Gambling online may be illegal where you live. Contact a local gaming lawyer to get a better idea of your local laws.

Legal Troubles

Industry-changing events have taken place in the online gambling world – mainly concerning online poker – such as the UIGEA and Party Poker’s exit from the US market, or PokerStars’ exit from the US market in 2011.

Those crimes were committed by online poker operators, though, not players. Still, the mere fact that online poker companies were targeted was enough to cast a shadow over the legality of US online poker, and furthermore, players grew more and more worried about one of these sites getting shut down along with the money on their player accounts.

In fact, there is a legitimate reason to worry about dishonest US gambling sites taking your money. Some sites have indeed taken off with the money – a recent example is Lock Poker, which currently may owe its customers over $15 million. I created LegitGamblingSites.com mainly to give more exposure to the sites with strong track records of honest business practices.

The lawmakers, in that regard, have a point about not allowing unlicensed sites to provide online gambling games to US citizens. While that may not be the reason, it’s likely one of them. (If I had to guess, I’d say they’re more concerned about losing out on tax dollars and protecting the interests of brick & mortar casino owners such as Sheldon Adelson, although through the RAWA – Restore America’s Wire Act legislation – he tries to do that by himself.)

How to Move Money Around

Ever since the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) became a law, US citizens have had a more difficult time finding a suitable deposit method.

There are only a few left, actually.

The most common deposit method for US citizens is still credit card deposits, out of which VISA is the most widely accepted brand, followed by Mastercard, with American Express being a distant third. Cards must be eligible for both international and online transfers.

The alternative method is to use a money transfer service such as Western Union. Western Union is mostly a deposit-only method. (Bovada is an exception since they only allow you to withdraw money via a check.)

Why to use a money transfer service instead of a credit card?

• A card deposit fails to go through. This happens every now and then, and the only way to know if your card will be accepted is to try. According to various forum reports, Vanilla VISA is declined at most sites while Netspend VISA has been successful.

  Surprisingly, players have had problems with card deposits even at state-licensed sites due to banks like Bank of America outright declining all gambling transactions. Things will likely get better with the new MCC codes for VISA, Mastercard, American Express and Distant which will help casinos to identify gambling transactions more accurately. It’s unclear how much of a help this will be since banks still have the right to decline transfers marked with the new MCC codes, and due to not wanting to violate the UIGEA (according to which they’re prohibited from knowingly processing unlawful gambling transactions), banks may decide it isn’t worth it and keep cancelling transactions even if they were for state-licensed sites.

  This is expected to change once bigger states – perhaps even the biggest of them all, California – join internet gambling, since declining the transactions will then affect such a large percentage of any bank’s customer base.

• You want a faster cashout. While money transfer services cost more (many sites, like Bovada, allow one free check cashout a month), the money is usually delivered to be picked up at a local Western Union location in five days or less.
• You don’t want a check cashout. You need to go to a cashier to cash a check. Most people would rather avoid doing this, especially since banks aren’t allowed to knowingly process online gambling related transactions (unless in Delaware, Nevada or New Jersey, but people have had problems in those states as well).

In general, you’ll have higher transaction costs with money transfer services than with a combination of credit cards and checks. BetOnline and Bovada are the only major USA sites charging for credit card deposits and most allow one free check cashout per month – some, like True Poker, allow a free check withdrawal every seven days.

How to use a credit card/check combination?

1. Enter your credit card details online after which you have the money on your player account instantly.
2. When done playing, order a check cashout, which will take from a week to over a month depending on which site you’re dealing with.
3. Go to your local bank to cash the check.

How to use a money transfer service (like Western Union)?

1. Go to their website or a live Western Union location and send money to the gambling site. (You’ll need to contact the gambling site first to get their transfer details.)
2. When done playing, initiate the withdrawal from your player account.
3. Go to a live location to collect the money.

State-Licensed Sites

As mentioned, Delaware, Nevada and New Jersey have legalized and regulated some forms of real-money online gambling. Delaware started with online poker but has since expanded into casino games as well; Nevada offers online poker games only; New Jersey offers online poker and casino games.

As you can see, not a single one of these states offer online sports betting. In New Jersey – clearly the biggest market of the three – there’s a clause according to which sports betting may be considered to be added in the future.

Requirements

You must be physically located within a state’s boundaries to play at the licensed sites. If you’re currently located in California but live in Nevada, you’re unable to play until you return to Nevada; if you’re currently located in Nevada but live in California, you can play as long as you stay within Nevada’s state boundaries.

Licensed sites have to make sure nobody outside of the state can participate in the games. Geolocation – identifying exactly where a person is located – has been difficult, and there are still people who are unable to play even though they’re located within those states. This is one of the reasons licensed online gambling sites have done financially worse than expected.

Only existing brick & mortar casino owners within those states can apply for licenses, although they can apply together with an existing online gambling site in a software-licensing agreement, like Caesar’s Interactive and 888.com have done. If a poker site kept operating in the US after the UIGEA of 2006, it will be subjected to a ”bad actor” clause in Nevada and be prohibited from operating in the state for now.

Performance

Each state has had a rocky start, although New Jersey is doing OK. In March 2014, they did $11.87 million in revenue, which grew into $13.16 million in March 2015. A growth rate of 14.57% year-over-year is better than nothing, but still a far cry from the $1 billion within the first 7 months of operating Governor Christie expected (New Jersey gambling sites were launched in November 2013). In other words, his expectations were a little over $140 million a month on average, or about ten times the current revenue.

According to PokerScout.com, Nevada’s online poker revenue is going downhill. Year-over-year decrease in revenue of around 44% (from February 2014 to February 2015) is, no matter how you look at it, a disappointing result. Problems with card deposits and geolocation – both of which exist in other states as well – and player liquidity have undoubtedly contributed to the significant decrease. Players have to deal with fewer problems when playing at offshore sites, and as long as that continues, it will be difficult for state-licensed sites to gain major traction.

In Delaware, the state keeps all yearly revenue up to $3.75 million. Since total revenue for 2014 was around $2.1 million, gambling operators have made nothing. The main reason for such a low amount of revenue is Delaware’s population of 0.94 million (in comparison, New Jersey has a population of 8.9 million). Liquidity is important for online poker since you need lots of players to run games at various stakes, in several forms and throughout the day. Delaware is trying to improve its poker liquidity by combining player pools with Nevada but so far there hasn’t been a significant improvement to its online gaming revenue.

If all of the three states were to combine their player pools, it would create a poker economy of around 12 million people, which could add significant liquidity to the games and thus bring in more revenue to each of the states.

Offshore Sites

Gambling sites accepting US customers from outside of the three states are all ”offshore” sites, meaning they operate from outside of the US and have no license to operate within the US. They have obtained a license in some other jurisdictions – such as Antiqua & Barbuda or Panama – but many of those jurisdictions have less-than-stellar reputations.

The disadvantage of gambling at offshore sites is the lack of safety. For an outsider, it’s impossible to know how strict testing measures these sites go through to prove their legitimacy, and hypothetically, if one of them were to disappear from the internet tomorrow along with your money, what could you do about it?

Lock Poker, as already mentioned, is an ongoing example. They’ve now lost their license in Curacao (weirdly, they were able to keep the license easily over a year after refusing to process customer cashouts) and there’s nothing anyone can do to make sure Lock Poker’s customers have their money returned. All we can do is spread the word to the people who are considering signing-up and depositing money to their site.

The best thing you can do is consider the reputation of the site rather than the jurisdiction since all jurisdictions have had dishonest sites. The longer a site has been fully operational, and the fewer complaints it has generated, the better. Essentially, Bovada has been in the online gambling business since 2000 when Bodog.com was founded (the US-friendly operations of Bodog were re-branded as Bovada in 2011), and as mentioned, they’ve achieved an excellent reputation with a high level of customer service.

But there are advantages to playing at an offshore site, too, and you can legitimately argue that the advantages override the disadvantages. Offshore sites place fewer restrictions on customers, need less personal information and have to compete with lots of other sites (within US states, competition is limited) which forces them to be at their best in order to succeed. There are no geolocation issues either.

Safety and legality aside – although obviously, both are big considerations – offshore sites are the better option in almost every area. Since only three states have legalized some forms of real-money online gambling in the US, they’re the only places for internet gambling for around 96.4% of US population.

What’s Next?

5dimes Payout Rules

US online gambling is in a transitional phase: after a long wait of legalization, three states have done it, mostly with lackluster success. Suggesting geolocation and deposit issues are resolved, revenue streams may grow. With online poker, though, most likely at least one of the bigger states has to legalize it and combine player pools with the others to create a meaningful poker economy.

5dimes Payout Fees

A federal legalization would create much-needed competition and player pools, which in turn creates a bigger incentive for operators to participate and, in many ways, a better environment for gamblers. If internet gambling was to be legalized nationwide, every operator and their grandmother would want a license. As of now, it’s more beneficial for most operators to stay outside of the US.