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When they were dragging out payouts because of COVID, we all should have seen the writing on the wall. They have a liquidity issue.Comment -
LOL. The 5D twitter guy has gone rogue and spitting sh*t as he is fired today. Look at all his responses, not just posts. Check out the 5Dimes twitter feed right now. Sorry. We are all suckers and no one else is going to get paid. I definitely didn't vote that 5D would last longer than raptors or miami....Comment -
5Dimes looking to go legit would be like Pablo Escobar looking to set up shop selling edibles in Colorado.Comment -
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Apparently you just don't understand. 5Dimes has no intention/ability to enter the legal US market. The big gaming corporations are already entrenched and have the money and means to prevent others from joining in.
Then you have the fact that 5Dimes operated in a way that flaunted US law, the UIGEA etc and took bets from Americans for years. You think the US would reward a criminal organization (their words, not mine) with the gift of allowing them to operate inside the USA? Common man!
I'm sure there are other sharper posters that realize what I'm saying is exactly what the situation really is.
This has no bearing on people getting paid, and I'm not even talking about that but don't believe for a millisecond that 5Dimes is giving up their cash cow of American gamblers because they want to go legit. Thats just nuts to think.
There is some other reason why they are leaving the US market and they don't want us to know the real reason. I'm sure we will find out eventually but for now all we can do is speculate.Comment -
There are some sharp posters and some sharp bettors and they have all thought they knew what was going to happen in the US gambling market and they were wrong.
There is nothing entrenched in the US gambling market. There are early players. The US companies are confused and stuck in 1976. They are not going to be players. The players are the people that are going to take it.
5Dimes can whitewash its past, fund a new operation and enter the US gambling market. The thing holding people back now is the expense. They are one of the few books in the world that can take serious action. They have all the expertise and all the money it requires.
You don't know what their intentions are and neither does anyone else. But the ball is in play and somebody is eventually going to grab it and run with it. If they want to play ball, they can play ball.Comment -
I wish you 2 or 3 "quitter-thinkers" would add some positive to our poor lonely and scared, bettors ,at Dimes. Gezz.
It's almost like you 2 or 3 are working for Dimes and are paid to fed the public here, with no hopes at all of getting paid, or the other, getting paid for your futures in a fair and legit manner.
If Dimes reads all these pessimistic posts and these pessimistic posters, they possibly could get more reasons and ideas to do exactly what these pessimists predict them to do?
No thanks, quitter-thinkers, I say fight these crooked *astards--if this does indeed play out to the worst possible scenario--down to the bare bone and take some marrow while you're at it.Comment -
Prolly 99% of american bettors dont even know 5 dimes- They cant compete with Draftkings, Fanduel,Penn not to mention W-Hill MGM And Ceasars. Yes their lines are much bettor-but avg american bettor not interested. Those first 3 relegated the previous big Vegas books to the end of the line. To much name recognition- way to much money, agreements with all the major sports league's.Comment -
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Assuming they are still in business and operating outside the US, it's not in their interest to screw American customers. The risk here is that ALL customers of 5dimes become alarmed and create a "run on the bank" situation and they become temporarily insolvent due excessive withdrawal requests. This is a significant risk and why I would encourage those with funds to request payouts immediately.
Unfortunately I'm one of those with orange man futures that I need voided before I can do anything. I could care less that I get less than full value at this point. It's about capital preservation.Comment -
i've had it happen once before years ago. a few weeks after it cleared my 5dimes balance was updated with the original amount and i received a message saying it was going to be returned. i had already spent most of it, so i wound up getting a fee that 5D wouldn't cover. they also charged me a fee for another payout.
the real slap in the face though was they robbed me of my 8th-9th free reward deposit, which was probably close to 4 digits total, because they counted the whole thing as two payouts. when i explained it was THEIR fault, they said i should have requested the reward before the 2nd payout. i said.. how? my balance was in the thousands. it has to be 0 with no pending wagers. they basically shrugged. i can't remember the amount, but lets say i requested $4200. they made me pay back $8400 before i could get my reward again.. and multiple fees they should have covered.
when i took my problem here for help. i was basically told i'm not going to get it, and i probably shouldn't curse or be rude to the staff before they close my account. to which i said something along the lines of you can all go fu** yourselves with your dirty money
that's why i always find it funny when people try to say book X is great, or book Y is amazing. no, they're not. they're currently doing what it takes to get the most money possible. everyone is shady when it comes to business, especially this one.Comment -
I'm an affiliate for 5Dimes based in the US. I have mid-four figures sitting in my account which I haven't been able to withdraw yet due to not hitting the 5 player minimum. Will I be able to request a withdrawal seeing as I'm not going to have access to the site anymore?Comment -
As one of the lucky early ones that got transferred successfully, I look forward to this ASAP. I'd also like to know why it stopped. Was it 5Dimes decision, or BetAnySports? Will they allow it again now that there likely won't be a mad rush, like there was early on, as many have put in their withdrawal requests at 5Dimes. If not, why not?Comment -
I believe they stopped allowing it because BAS soon realized that the only people that were transferring when offered were people that had “equity” on their futures balances and it would have been a losing proposition for them. If this continued on they would have assumed massive liability.Comment -
Makes sense. I had some very small NFL futures which are relatively the same market as current, and one small POTUS bet that actually has negative equity now, compared to when I put it in. Perhaps when the Futures situation is clarified, they'll allow the transfers again on a case by case basis?Comment -
Thankfully I live in Canada. 5dimes has been my go to Sportsbook for years.Comment -
It was definitely stopped via 5D by early Tuesday. After getting denied a transfer by 5D, I immediately contacted BAS. They were completely unaware that 5D abruptly stopped transfers. They let me open a BAS account which is currently unfunded. I'm waiting to see how this plays out. BTW, congrats on getting the transfer Monday. You probably owe BAS the typical 1x rollover for a deposit, which you should get done ASAP. If this 5D exit goes badly, BAS might follow suit shortly thereafter.Comment -
It's pretty much doom and gloom in this thread but I have a couple of questions to the doom and gloomers.
1. Why if they weren't going to pay people would they make an announcement instead of just not paying majority of people and keep taking deposits in? I'm assuming they would've made a lot of money before public figured out what was going on.
2. They have already paid some people that had payments requested before Monday's announcement. I had wire come in Tuesday and had another payment paid yesterday that was requested Monday am before announcement. Why pay anyone that requested payments in the last couple of weeks if your plan was to not pay people???
3. They new how much US players were owed and demanded they take out their money so why play that game if you couldn't pay?
I agree the way they are handling futures is shady and isn't right but that doesn't mean they aren't going to pay people.Comment -
The only one not getting paid is the twitter guy. I can’t believe they let that guy represent them. Tony would’ve had that guy selling hotdogs across the street years ago. Sad situation but when one guy is the only brains behind an operation and he gets snuffed out this is what happens. Amazing they made it this long, tells you a lot about what he left them in place to work with.Last edited by PD77; 09-10-20, 06:01 AM.Comment -
I feel your pain. I had a similar experience with a bounced BOL check years ago. They eventually made it right, but I recall it be a very aggravating situation. By no means am I defending 5D, because their exit is being done so very badly IMO--especially in regard to those with pending futures. I was stating that I have had no problems with 5D checks in my long history with them. Because I can get them faster than their BTC payments (how crazy is that), I'm going with the check method to collect my remaining balance.i've had it happen once before years ago. a few weeks after it cleared my 5dimes balance was updated with the original amount and i received a message saying it was going to be returned. i had already spent most of it, so i wound up getting a fee that 5D wouldn't cover. they also charged me a fee for another payout.
the real slap in the face though was they robbed me of my 8th-9th free reward deposit, which was probably close to 4 digits total, because they counted the whole thing as two payouts. when i explained it was THEIR fault, they said i should have requested the reward before the 2nd payout. i said.. how? my balance was in the thousands. it has to be 0 with no pending wagers. they basically shrugged. i can't remember the amount, but lets say i requested $4200. they made me pay back $8400 before i could get my reward again.. and multiple fees they should have covered.
when i took my problem here for help. i was basically told i'm not going to get it, and i probably shouldn't curse or be rude to the staff before they close my account. to which i said something along the lines of you can all go fu** yourselves with your dirty money
that's why i always find it funny when people try to say book X is great, or book Y is amazing. no, they're not. they're currently doing what it takes to get the most money possible. everyone is shady when it comes to business, especially this one.Comment
