5Dimes Deposit Bonus Code 2020 – all terms explained
Last updated & tested: 2020-02-01
European and UK players may not know the name 5Dimes, as they’re really more US focused in operation and sports. However, they’ve been offering sports betting and more since opening their first casino in 1996. Now online since 2000, they offer a variety of betting options in a completely different way to a lot of European bookmakers. The 5Dimes Group operates several sites, including Sportbet and Island Casino, and two Asian sites; ChineseBookie and Vietbet. 5Dimes is based in San Jose, Costa Rica, and regulated in Costa Rica. Customer service at 5Dimes is excellent, with email, phone, and best of all, live chat all offered. You can play 5Dimes worldwide, but it’s heavily US focused. Restricted countries for the 5Dimes sportsbook include the United Kingdom, France, Portugal, Hungary, and Ukraine. The website looks a little outdated but once past that initial view, the site is really well laid out and simple to use, as long as you’re familiar with US style “vig” or “juice” betting. We’ll cover that in our 5Dimes review of their bonus, just read on to find out more, including any 5Dimes deposit bonus terms explained, does 5Dimes offer a free bet? 5Dimes offers, 5Dimes bonus, and just what “reduced juice” offers mean, and much more.
Sadly 5Dimes no longer operates in the UK. For that reason we advise you check out Betway and their awesome sign up bonus offer for new customers.
5dimes Bonus details:
5Dimes Deposit Bonus:All Terms and Conditions Explained
The 5Dimes sign up bonus is available to all new sportsbook players with no 5Dimes bonus code needed. But it’s a slightly complicated system, because it follows the US sportsbook method of “vig” or “juice” betting. The default 5Dimes deposit bonus is actually a “Reduced Juice” offer. Essentially in US style sports betting, the bookie takes a cut of your wager as their fee. This is the “vig” or the “juice”. Typically it’s 10%, so you need to wager $110 to have a chance to win $100. With the 5Dimes bonus that 10% juice is reduced to 5%, so you bet $105 to have a chance to win $100. There are dedicated 5Dimes deposit bonus options available, but to access these you need to contact customer services and negotiate which bonuses you are eligible for. Not an ideal situation for those of us used to getting multiple bonuses from betting sites without needing to talk to a person! Person to person live chat does help make this process somewhat easier though. Next we’ll show you the 5Dimes deposit bonus terms explained step-by-step:
How to claim the 5Dimes Bonus:
- Reduced Juice available on both the 5Dimes website and Mobile sites. Unfortunately there’s no 5Dimes app.
- Reduced Juice promotion is activated on completing registration and verification process – no 5Dimes bonus codes are needed.
- With reduced juice promotion, 5Dimes takes a reduced 5% fee from any wager, compared to a “juice” of 10% at most online US bookmakers.
- Reduced juice wagers are up to a maximum of $500
- To get other 5Dimes sign up bonus offers, you need to contact customer services to find out eligibility
- Reduced juice is available on all sportsbook markets
- To withdraw any winnings you need to fulfil the wagering requirements of 1x the deposit in North America, or 2x deposit for rest of the world. If you don’t 5Dimes can impose a fee.
Current 5Dimes Promo Code & Sign-up Bonus:Requirements for Activation
To get the process of playing at 5Dimes started, and activate any 5Dimes sign up bonus, you must first register at the 5Dimes site. This involves going through the usual registration process of supplying name, address, email, etc. There’s no need to enter any 5Dimes bonus code at any stage. At this stage, 5Dimes automatically enrols you into its default promotion; “Reduced Juice”. The “juice” in traditional US betting is the percentage the bookmaker takes per wager or stake. Usually this is 10% of any bet. So if you bet $110, the bookmaker takes 10% ($10). With 5Dimes’ Reduced Juice, you only have a 5% juice fee. So bet $105 and they’ll take just $5. It’s a completely different system to one we’re used to in European betting, but once you get used to it, it’s very simple. There are other bonus options to replace the default reduced juice promotion. To see which ones you are eligible for, you have to contact customer services.
The next step is to make your first deposit. 5Dimes deposit and withdrawal is fairly straightforward, although it doesn’t have many of the usual options from European betting. There’s no access to e-wallets for example, such as PayPal, Skrill, Neteller. But debit/credit cards are accepted. From here, place your bets on any of the sportsbook markets at 5Dimes to make use of the reduced juice promotion and bet with reduced fees. As with all US style betting, the bets are talked of in terms of 5Dimes lines, rather than bets. Once you’ve been betting for a time, you probably want to know “how do you cash out with 5Dimes?” Again, this is slightly different, as you need to meet wagering requirements of rolling over your initial deposit 1x (in North America) or 2x (in the rest of the world) before withdrawal is free. Plus, the account must be active for 30 days before any withdrawal is available.
Bonus Terms and ConditionsFor the 5Dimes Bonus Code
- Name: Reduced Juice default promotion
- Bonus type: Reduced fee / juice
- Maximum bonus amount: N/A
- Able to be cashed out: N/A
- Betting requirement: Maximum $500 per wager
- Minimum odds: N/A
- Bonus code: NONE
PART 5 – OTHER BONUSES AVAILABLE
Now you’ve had the 5Dimes deposit bonus explained for the reduced juice promotion, we’re going to talk a little about some of the other bonus options at 5Dimes. As already mentioned in this 5Dimes review, payout of any bonus winnings depends on registration, verification and wagering requirements, so always make sure to check on those. 5Dimes default reduced juice promotion can be replaced by any of these bonuses, without any need for a 5Dimes bonus code, but you do have to contact customer services to discuss eligibility for any other bonuses or promotions.
Sportsbook free-play rewards – 50% Plus Reward
These free-play rewards are credited in 10% increments based on wagering. For the free-play rewards, the deposit must remain active for 30 days. For example, if you were to deposit $200 and request the 50% Plus Reward, you would be eligible for 10 bonuses of $10 each, rewarded every time you wagered $200. Wager the first $200, receive $10 of free-play rewards. Wager the second $200, receive the second $10 reward. To achieve the maximum of $100, you would need to wager a total of $2000.
Cash Back Reward Program:
Another opt-in program, you need to have active deposits for 30 days, and must roll over the amount twice before payout is approved. This activates a 20% cashback bonus.
Our Verdict of 5dimes:The Review of the 5Dimes Bonus
5Dimes is a completely different betting experience, with a different sort of betting system, and a different bonus system. The juice system of wager fees is a very American thing, and not something most online bookmakers use. 5Dimes also focus heavily on the major US sports of American Football, Baseball, Ice Hockey, Basketball. But there’s enough other sports, including horse racing, soccer, grand slam Tennis, PGA Golf, boxing and MMA to keep most players more than happy in terms of sports offered. For the average online player, we’d hesitate to fully recommend 5Dimes, as we feel that worldwide betting is better with other major international sites that don’t rely on “juice” betting fees, and other far more comprehensive bonus offerings than the default “reduced juice” promotion at 5Dimes. In truth, the reduced offer is more of a reduction in fees, rather than a promotion, and certainly here in Europe, we’re used to no fee betting with far better promotions.
5 Expert TipsFor The 5Dimes Bonus
Now, when it comes to sports betting bonus offers, there’s so many out there with so many different ways to use them that it can get a bit confusing. We’ve shown you the 5Dimes bonus explained, but we wanted to share a few great tips we’ve come up with in our betting experiences at Open Odds that should help you avoid making some of the most common rookie mistakes. After all, it’s pointless getting a great bonus if you don’t then use the best betting strategies to maximise your potential winnings. So here are our five Open Odds expert tips to making that bonus really pay off.
1.Read the fine print in the terms and conditions!
Yes, it’s so tempting to grab those best free bets offers or deposit bonuses straight away, because it looks like a free cash giveaway. But trust us, even the best online bookmakers aren’t in the habit of just giving money away! This is where you really need to check out the details and the terms & conditions of any bonus, promotion, or offer you might be interested in. If a bookmaker is offering you a £100 bonus for your £100 deposit, but need you to wager 20x the bonus before you can get hold of any winnings, you need to think carefully about whether it’s worth grabbing the maximum bonus. These wagering requirements are important. A 20x wagering requirement on £100 bonus means you need to make £2,000 of bets before you can think about getting any winnings. If that’s ok with you, go ahead. But if you don’t want to spend that much, maybe just deposit £10, get a £10 bonus and you only need to wager £200 before you can access the winnings. Always, always, always read the fine print!
2.Think about how long the bonus lasts for!
Again, this will be there in the fine print that you have to read. Getting that spectacular bonus giving you free bets or deposit bonuses from a bookie might seem amazing, but sometimes the time limits to use any bonus is just too restrictive. In the past we’ve seen some bonuses with a 3 day wagering requirement attached. So if you are thinking of going to the max on your bonus, always ask yourself if you can actually make the required minimum amount of bets in the time limit.
3.Bet on what you know, and if you don’t know… do the research!
It’s always fun to find new sports, but if you’re using those bonus funds on an outside bet on some bizarre sport you heard about once from your mate down the pub, you’re way more likely to lose the lot. Instead, if you’re a fan of football and know everything there is to know about a team, why not use the bonus funds to bet on a game you’re sure they’re going to win, or put a bet on the top scorer you’ve been following for months. And should you really want to branch out to new sports, always spend a little time doing a bit of research about the sport first. Find out how it’s played, who the in-form teams are, whether there are any injury problems for players. Every bit of extra knowledge you can bring to bear on your betting choices increases your chance of making a great bet, winning big, and really making the best from that bonus.
4.Look for the best odds and any odds boost opportunities.
You have your bonus, you know the match you want to bet on, and you’re all ready to go. But hold up. Have you done a betting odds comparison? It’s well worth looking around at a few bookmakers to see if you can get better odds. Because better odds means more winnings! And it’s even better if that bookmaker is offering some kind of odds boost or enhanced odds promotion on the match you’re looking to bet on. Always have a look, it sure pays off when you find them.
5.Look for the mobile betting bonuses!
Yes, nowadays, every good bookmaker should have a mobile website and betting apps for playing on the go. It’s a real benefit to playing, allowing you to bet wherever and whenever you want, never needing to miss out on the action and the chances to use that bonus on a great winning bet. But some of the best online bookmakers will offer a special mobile app only bonus or promotion, just for using the betting apps. It’s well worth hunting these down!