Is 5dimes Safe
5dimes is one of the oldest and most trusted bookmakers globally. The brand was established in 1996 when they launched their first casino, and in 1998, their sportsbook came to the spotlight. They are licensed in Costa Rica, where their headquarters are also located. COMODO RSA Certification Authority certifies 5Dimes’s site, so you can be assured that your data and additional information is entirely safe. The site’s security is up to date, and it has been successfully fighting cybercriminals for more than two decades. 5Dimes uses state-of-the-art SSL encryptions for additional protection.
The third reason that 5Dimes is safe to use is thanks to the company’s longstanding reputation of customer service and the fact that 5Dimes uses state-of-the-art encryption protocols. Additionally, 5Dimes does not sell or share user information with any other company or government entity. Yes, 5Dimes is a perfectly safe and legitimate sports betting site. They’ve been in business since 1998 and some of our editors have used them for nearly that entire time. Whenever the topic of reliable sportsbooks comes up in betting circles, 5Dimes is in the conversation as. 5Dimes is an extremely well-regarded sportsbook for U.S. Players that is known for it’s reduced vig betting lines and numerous betting markets.
Offshore sportsbook 5Dimes announced this week it was closing its doors to US customers. But there were some hiccups with that move.
Multiple 5Dimes customers have since had their open futures bets and accounts transferred a more obscure offshore site called Betanysports.
The site layout, prices and bet options all look identical to 5Dimes. Review sites note betanysports is also based in Costa Rica and a “sister site” to 5Dimes.
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As one Reddit user reported: “5D transferred my entire account over, and it went flawlessly. All account info, all pending bets, balance, etc…all transferred and looks exactly like 5d did.”
The simplicity of the migration suggests that 5Dimes and betanysports might run on the same platform. Migrations simply aren’t that easy otherwise.
Using the same platform doesn’t necessarily mean the companies are connected, but it does raise some questions.
Multiple Reddit and social media users also reported a straightforward switch and that betanysports was identical to 5Dimes.
What is going on behind the scenes at 5Dimes?
The company and customer service agents said there was no relationship between the two sites.
It’s also important to note not all customers were offered the chance to switch. Some bettors with massive +EV futures simply had them voided.Legal Sports Report also asked 5Dimes customer support for options for betting with the site closing off the US. No suggestion or offer to move was given. (The account also had no deposit history, for what it’s worth.)
There’s obviously a huge imbalance here in favor of the book. They’ve already collected on a lot of losing NHL and NBA futures. And now they can cancel the remaining live tickets.
That might explain why betanysports stopped accepting transfers on Tuesday, as some 2+2 users reported.
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Bettors were also told that the minimum withdrawal amount on account balances was $100, causing more issues for smaller players.
How did we get here?
Remember, 5Dimes is closing US customers because it wants to relauchits operations with a “fresh start”. The company hinted it could be looking at the regulated market.
However, it declined to provide any details on how such a relaunch would work. One option laid out by Eilers & Krejcik analyst Chris Krafcikcould be the PokerStars route.
That is, some kind of settlement with the Department of Justice, then a sale of assets, like the brand and tech stack, to a third party.
That’s assuming the 5Dimes brand and tech has any value left, that is. Perhaps the most valuable asset is the database of US customers built over two decades.
Regardless of what’s really going on behind the scenes, the push for a 5Dimes rehabilitation and “fresh start,” hasn’t exactly started out promisingly.