5dimes Site
Www.5dimes.eu is a popular online sportsbook operated by one of the sharpest handicappers of all time. Online since 1999, today they are best known for their industry leading odds and number of markets per match. 5Dimes Sport Coverage The first thing you’ll notice about 5Dimes is. 5dimes Casino is undoubtedly one of the most popular online gambling destinations for players and bettors from the United States. This betting site is legal and verified. However, now you have the top-10 alternatives for 5dimes and it allows you having another gambling experience. If you’ve ever spent any time around online sportsbooks and casinos, you know how rare and downright amazing it is for a website to offer phone support. 5Dimes has the ability for players to contact support through email, live chat, or by phone. We tested the options, and most of them are a pleasant experience. 5Dimes also offers a 20% reload bonus. Players can secure up to $500 in free play credit, which is one of the great features of this online gambling site. If you deposit $250 with a credit card. There are no 5Dimes sportsbook sister sites and as such they are a betting site that operates on their own, but they are a betting site that does allow and accept players from a huge range of countries and to ensure their customers can and will be able to make deposits quickly and with no fuss or hassle they have recently added Bitcoin as one of their banking options.
5Dimes and the U.S. Department of Justice reached a $46.8 million settlement of an investigation into illegal US sports betting operations, as well as money laundering and wire fraud.
The company announced an intent to enter the US sports betting market following the deal, although state regulators likely will balk at the long list of criminal activity detailed in the settlement.
5D Holdings and owner Laura Varela will forfeit the illegally obtained gambling proceeds as part of a settlement with the US Attorney’s OfficeEastern District of Pennsylvania into the criminal investigation of 5Dimes’ offshore operations in Costa Rica.
“Beginning in at least 2011, 5Dimes accepted wagers from and made payouts to U.S. bettors, and transferred more than $46.8 million in proceeds earned from its illegal gambling activities in such a manner as to attempt to hide the nature, location, source, and control of the funds.”
5Dimes already incorporated 5D Americas LLC in Delaware. The agreement allows Varela the “use of her assets or the assets of the 5Dimes brand to explore future options, including, but not limited to, re-constituting the 5Dimes brand to be licensed to conduct legal, regulated gaming activities in the U.S. and internationally.”
Why is 5Dimes settling?
Varela is the widow of Sean “Tony” Creighton, who was found dead in Costa Rica after he was kidnapped and murdered in Sept. 2018. She’s a Costa Rican citizen.
The $46.8 million was traceable to transactions that violated multiple sections of Title 18 of the United States Code. The settlement agreement includes the fact that 5Dimes “acknowledged that those funds are the proceeds of various unlawful gambling-related offenses.”
Those include:
- Wire fraud
- Money laundering
- Illegal transmission of gambling information
Not all cash
That $46.8 million seized wasn’t totally liquid as Creighton attempted to launder the funds multiple ways, according to the settlement.
The Department of Homeland Security Investigations seized $3.4 million in cash and other assets like a 1948 George Mikan rookie card he bought for more than $400,000 and $715,000 in rare coins.
In total, the assets forfeited were worth more than $26 million. Varela also agreed to forfeit $2 million seized by Costa Rican authorities and pay an additional $15 million.
Offshore betting seen as illegal by feds
The settlement and preceding investigation strike a blow to those sympathetic to the legality of the offshore industry within the United States. The federal government began investigating 5Dimes’ illegal acceptance of US-based bets years ago and imposed a massive fine for the company to avoid charges.
While the company paints the settlement as its pass to seek state-level licensure, the underlying agreement submarines the opinion of many who paint offshore operations as legal under US law.
The admission of ongoing violations of US law dating back at least a decade will make for a heavy discussion topic for state regulators.
What’s next for 5Dimes?
The next step will be trying to get 5Dimes licensed in New Jersey, Varela’s attorney Jeff Ifrah told the Wall Street Journal.
Varela will also have the support of the US Attorney’s Office throughout the process. It will “answer inquiries made by gaming regulators, potential investors, and/or financial institutions regarding her cooperation in EDPA’s investigation and lack of involvement in the operations of 5Dimes,” according to the settlement agreement.
That means whether Varela gives it a go with the brand or decides to sell, she’ll get the help of the authorities she aided throughout the investigation.
How gambling regulators will treat 5Dimes will be an interesting case study. Literally days ago it was still taking wagers from Americans illegally. And we know that the site has been sending at least some bettors to a site that runs with the same backend and lines.
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5Dimes Online Poker Room www.5dimes.eu
5Dimes have long been a part of the online gambling industry. Originally established all the way back in 1996, the room has provided users with a top-notch casino and online sportsbook for over a decade plus. The sports juggernaut added an online poker room to their repertoire a few years ago and have been building a strong player base ever since.
5Dimes is located in San Jose, Costa Rica and are rated highly by sportsbook watchdog sites such as Sports Book Review. 5Dimes is highly trusted and owns a network of six other sportsbook/casino sites. All of these sites are owned by their parent company, the 5Dimes Group. They are involved in local charities and have never slow paid, or no paid a player throughout their long history.
Over the past year, 5Dimes changed its primary domain to 5dimes.eu. This change was due to US government domain seizures against offshore operations offering services to US citizens. 5Dimes has already made the move to the .eu domain, which is untouchable to US prosecution. They are one step ahead, making sure there will be no interruptions to services if the government should act against them.
Software
5Dimes are part of the Winning Poker Network, which is comprised of a number of other network rooms and uses its own proprietary software. The network released a newly improved piece of software over the past year and has vastly improved its product.
The software has an old-school feel but is still fast and is lag free even when multi-tabling. The software offers many unique features, such as fold/show, the ability to straddle and the option to chop if everyone folds to the blinds. Tables are easily resizable and can be cascaded with just one click.
The software is much improved, but it is not without its negatives. The lobby still seems dated and does not have a user-specified filter to narrow down game types. There are different lobbies for tournaments and cash games which can take up a lot of screen space if you are playing both.
Overall though, the software is much improved over its previous version and is continually being refined by 5Dimes and the Winning Poker Network. It is also supported by HoldemManager and Pokertracker, so importing hands and keeping track of your stats is painless.
Support
5Dimes offer various ways to contact their support staff. They have three customer support phone lines and another line specifically for new accounts. In addition, they offer live support and email support. Their customer service and wagering staff is available 24/7 and are rated among the best in the industry.
Deposits
5Dimes Poker is mostly populated by American bettors but still accepts players worldwide. They offer a variety of deposit options available to US players and international ones.
Visa/Credit Cards: Best options for US players, fast and funds are available instantly. There is no charge for depositing using this method. However, a player’s bank may charge them a fee for international transactions. The min deposit is $50, and the max is $500.
Money Orders: Another solid method for US depositors. These will take several days to reach 5dimes but are put into player accounts immediately upon receipt. There is a $100 minimum, and no maximum deposit. 5Dimes will cover the postal fees if the money order is sent via FedEx is for $1000 or greater.
Person to Person Transfer: Deposits sent via Person to Person are generally credited in just a few hours. The min deposit is $100, and the max is $750. 5Dimes will cover fees on deposits of $250 or more.
Sportsbook Transfer: If you have an account and funds at a participating sportsbook, players may transfer funds to 5Dimes free of charge.
Bitcoin: The new kid on the block. Deposit between $25-$10,000 in BTC equivalent and start playing at 5Dimes within 40 minutes.
Withdrawals
Each player is entitled to one free withdrawal per 30 day period, during the hours of 9 am to 1 pm EDT.
Check: Checks are available within upon request via FedEx. The check minimum is $1,000, and the max is $3,000. There is a fee charged on each check.
Person to Person Transfer: 5Dimes will issue a payout via P2P transfer services. The minimum payout for both methods is $100. Please check the 5dimes site for max limits as well as the associated fees for p2p transfers.
5dimes Alternate Site
The above might be the most popular methods, but you can also withdraw by Bitcoin and other methods. If none of those methods are what you’re after, you can also do a sportsbook or account to account transfer.
VIP and Bonuses
5Dimes, unfortunately, does not provide a poker-only bonus for first-time depositors. However, new depositors do receive a 50% free play bonus in the sportsbook up to $520! As the player makes wagers, more and more of the bonus will be released. Though it isn’t a poker room bonus, it is still a strong incentive to help jump start your bankroll. Just breakeven with your sports bets, and receive most of the bonus!
5Dimes poker players will also earn Poker Points for each raked hand they play or real money tournament they enter. Those points will then be able to be cashed in for real money tournaments. Offering players a chance to earn tournament money for every hand they play! In addition, 5Dimes offers plenty of promotions such as an SNG Rake Race, Satellites to live events, and Monthly Rake Races.
Cash Games
The room offers a ton of options in regards to online poker. Texas Hold Em’, Omaha, Omaha Hi/Low, and Seven Card Stud are all offered. Heads up, 6- max and full ring tables are available for all games as well, giving players plenty of options.
Though traffic is slow, the Winning Poker Network has nearly doubled in size since last year. Cash games are regularly running through the micros up to $2/$4 No Limit Hold Em’. The most popular game is $1/$2 No Limit with ten or more games at peak hours.
Tournaments
5dimes Classic Site
For a small and upcoming poker room, 5Dimes offers a lot of weekly tournaments with substantial overlays. Though, they aren’t the size of many of the larger rooms – 5Dimes offers over 25 weekly guaranteed tournaments! Their flagship tournament is the $15k Guaranteed Tournament each Sunday. Many more are offered throughout the week, along with daily freerolls for players who want to earn money without having to risk their own bankrolls.
Softness
5Dimes is generally an extremely fishy site. Each network site has a sportsbook attached, whose bettors will run over to the poker room if they should win betting sports. This brings a constant supply of fish to the room, therefore making the games excellent. Also, many “grinders” or professional type players have yet to hear about the room and aren’t taking advantage of the fresh fish pond.
Overall
5dimes Mobile Site
5Dimes are one of the leading online bookmakers in the history of the industry. The room smartly added poker and have increased their revenues and options for players. As the network continues to grow, the bonuses, software, and player base will only get better. The room has already grown rapidly over the past year and could be one of the big players in the online poker industry in the coming years.