5Dimes is an online sportsbook that offers new bettors a bonus on their first deposit that can be worth as much as $520. Alternatively, 5Dimes offers clients reduced juice rewards, reload rewards worth up to $500 each time, or up to 30 percent cash back. The player can choose which type of betting account he/she prefers by contacting 5Dimes’ customer service.
The best type of account for you depends on your level of activity, what types of bets you will be placing, and how much you plan on depositing.
In this review, we will explore the 50% Plus New Player Reward option for new players.
How to Receive the Bonus
The welcome bonus is available to any 5Dimes client who makes his or her first deposit at the sportsbook. People who do not yet have a 5Dimes account must open one and have it verified.
You must contact customer service and request the 50% Plus New Player Reward.
Additionally, this promotion is limited to one person per household. No promotional codes are required, and 5Dimes starts applying the bonus to your account upon your first wager – we’ll get into more details further below.
The standard minimum deposit at the 5Dimes sportsbook is $50, but a client must deposit at least $100 to be eligible for this basic welcome promotion, which is a 50-percent match bonus up to $200. So if you make a deposit of $400, you will receive a bonus of $200.
Deposits that are at least $500 are eligible for an additional 20-percent match bonus, for the amount greater than $400. Therefore, if you deposit $100, the bonus is $50, but if you deposit $500, the bonus is $220.
An initial deposit of $2,000 is necessary to receive the largest welcome bonus possible, which is $520.
See the chart below.
5Dimes Deposit Options
All deposit methods offered by 5Dimes are eligible for the welcome promotion. These methods include all major credit cards, debit cards and prepaid cards, such as Reloadit and Vanilla Reload. Additional options include money orders and certified checks. Transfer options include person to person and account to account. Web wallet options include Bitcoin, MoneyPak and Skrill Moneybookers. Note that some deposit methods have fees associated with them, and fees are not applied to the bonus. Fees for using a debit card, for instance, range from $15 to $40.
How to Use the 5Dimes Sportsbook Bonus
Bonus money can be used on any bet that 5Dimes offers. 5Dimes does not, however, provide you with the welcome bonus immediately but rather credits it to you incrementally. The first wager you make will earn you 10 percent of the bonus, and minimum wagers are just 50 cents.
After that first 10 percent, you will receive an additional 10 percent each time you have rolled over the deposit twice. Note that the initial wager is included in the milestone for reaching the second 10 percent. Therefore, if you deposited $2,000 in order to claim the maximum bonus, you would receive 10 percent of the bonus amount each time you wagered a total of $4,000.
You can track your progress on rolling over the bonus. Under Account, select Rewards, and you can find your progress on earning your Free Play Rewards.
Since 5Dimes requires you to meet certain play-through requirements to receive your welcome bonus, all bonus money arrives to you pre-cleared. The play-through requirement needed to access the bonus is technically the wagering requirement. At the maximum $520 bonus, you would have to wager $36,000 in order to claim it all, which is a significant amount for the average gambler.
Although all bonus money is pre-cleared, it is still bonus money and must be played through at least once. At that point, any money remaining is eligible for withdrawal. The bonus is cashable in that you are never required to pay it back to the sportsbook.
Players can earn up to $500 in free play each time they reload their account. Reload deposits must be at least $100 in order to be eligible. Deposits of $249 or less received a fixed bonus amount of $40. Any deposit of $250 or higher receives a bonus amount equal to 20 percent of the deposit up to $500. In order to claim the maximum $500 bonus, you must deposit $2,500. The play-through requirements to earn the bonus are similar to as described above except that the reload bonus is doled out 20 percent at a time.
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