5dimes done with US market Sept 25th *Merged Threads*

[pimike]

I hated their statement on the "administrator". It should have said definitively the administrator will pay out your balance in full, PERIOD, rather than the fuzzy language of the administrator will "seek to deliver the funds" to the account holder. That brings up nightmares of BOS and getting 4 cents on the dollar from the 3rd party administrator years later. They should fix that to at least inspire more confidence.

Yes that caught my attention. No promise just maybe an attempt.

Get it now

[gobucks]

Thanks PMike. It just doesn't seem fair that I deposit on the 6th, they announce I have to get out on the 7th and then they still require a 1 time rollover.

[RudyRuetigger]

Thanks PMike. It just doesn't seem fair that I deposit on the 6th, they announce I have to get out on the 7th and then they still require a 1 time rollover.

how did you deposit?

im not checking thread

if by bitcoin, you might be fukked

[gobucks]

It was bitcoin

[pimike]

Thanks PMike. It just doesn't seem fair that I deposit on the 6th, they announce I have to get out on the 7th and then they still require a 1 time rollover.

Agree

No rollover should be required

[EVPlus]

I deposited about $ 1,000 on 9-6-20. I am reduced juice so no bonus requested or given. On 9-7-20 they announce that US customers need to get funds out by 9-25. So on 9-7-20 I make a request for my available balance (will deal with ungraded futures later). Today- I get this message-

We received your withdrawal request. However it was rejected due to the fact that you are missing to complete the mandatory one-time rollover required for your deposit(s) (Rollover amounts for each wager are based on the least amount of risk or win in each selection). The total rollover required for your deposit(s) (including the last deposit) is $957.73 and you are still missing $907.73.

I haven't played 5d for a while but I was curious about this as everyone who deposits has at least 1x requirement.

I posed this question here but didn't get a reply. So I emailed 5d and they informed me that a person can withdraw his balance for an "administrative fee." I didn't bother to ask what that fee is. It's most likely a percentage.

Something you might want to ask them about. I absolutely despise being rushed in my betting to complete roll over as it can easily lead to poor decision making.

[gobucks]

Agree

No rollover should be required

Well- the payout team they are operating as usual until the 21rst so I have until then to meet rollover requirement. Fuk me. Guess if I will be joining anything they get going in the US.

[JIBBBY]

Just calm down people let's see how this plays out. We got time, no need to hit the panic button just yet.. Seems like 5dimes is trying to work this out and payout for now..

[pimike]

Well- the payout team they are operating as usual until the 21rst so I have until then to meet rollover requirement. Fuk me. Guess if I will be joining anything they get going in the US.

Wait, it you don’t roll it by then they still have to pay out. For there would be no way to complete that roll.

[Microphone]

Guys I would not worry about getting money

even guy w 10k +

the issue here is futures being settled right and fair

I'm the guys with big 5 digit balance and sorry I'm equally concerned.

[soobv]

I'm the guys with big 5 digit balance and sorry I'm equally concerned.

Lets try to give benefit of the doubt here. I also have a substantial balance there tied up in futures way above 10k that I'm trying to get refunded. It's a sweat for sure but if they didn't plan to pay out they wouldn't have even announced this. It would have been just them closing up shop one day. If they screw over people with big balances any future plans they have will be screwed over. so from a business standpoint everything they are doing indicates they plan on paying and when they do come back people like us will bring back the heavy action to them.

[Optional]

Well- the payout team they are operating as usual until the 21rst so I have until then to meet rollover requirement. Fuk me. Guess if I will be joining anything they get going in the US.

If you havent rolled it over by then they will pay you out anyway after that date.

[Slowbalt]

Good way to have serious problems. Answer no not at same book

5 Dimes doesn't give a shit about that.

I hedge on their site all the time.

[hmdingshma]

What do you all want them to do? Keep the wager live and then not let you cash out since its past the deadline?

I would like them to honor the bets they took and just pay me after the deadline. The deadline is just an arbitrary thing they came up with anyway. I never would've placed the futures with them if I knew they would just be cancelled later.

[johnnyvegas13]

I would like them to honor the bets they took and just pay me after the deadline. The deadline is just an arbitrary thing they came up with anyway. I never would've placed the futures with them if I knew they would just be cancelled later.

agree but at this point I’ll b happy to get my wager back not mad I lost chance of winning

[Slowbalt]

I would like them to honor the bets they took and just pay me after the deadline. The deadline is just an arbitrary thing they came up with anyway. I never would've placed the futures with them if I knew they would just be cancelled later.

I would be worried about getting paid out past the deadline.

This is just an all around rocky situation.

[hank_kingsley]

Just calm down people let's see how this plays out. We got time, no need to hit the panic button just yet.. Seems like 5dimes is trying to work this out and payout for now..

As anyone that's ever dealt with a failing business will tell you....time is not your friend. Your best bet is to get out what you can as quickly as possible because there may well not be a tomorrow. One in the hand is worth at least 8-10 in the bush in this case.

And yes, it does appear that they're trying to work it out and are handling things reasonably, but no one knows when the money runs out and when the door could slam shut.

[EVPlus]

If you havent rolled it over by then they will pay you out anyway after that date.

Did 5d tell you or sbr this in an email?

[DISTROYA]

Have a good chunk on Bucks NOT winning east or nba crown...Chatted with them that should they be eliminated this week, they should credit the winnings and not wait until end of playoffs. By the time they understood me took forever. Then when they finally did couldnt guarantee that and said "contact us once they are eliminated and then we will see if we can grade those)
Fukking joke.
So, if you dont do anything, I saw somewhere cant remember where head spinning today that funds would be transferred to a book, but i couldnt find this info anywhere on their website, just that it will go to administrator and they will "try" to payout? Well gee thanks for trying LMFAO. What a penetrating mess. Any truth they will transfer to another book? Probably not.

[gobucks]

Apparently administrative fee is 5%. I am going to take the payout with the fee. I don't trust that there will be funds available later.

[Optional]

Did 5d tell you or sbr this in an email?

No, just common sense.

Also, he's talking about a 1x rollover with 2 weeks to do it.

I'm sure he'll be fine.

[johnnyvegas13]

As anyone that's ever dealt with a failing business will tell you....time is not your friend. Your best bet is to get out what you can as quickly as possible because there may well not be a tomorrow. One in the hand is worth at least 8-10 in the bush in this case.

And yes, it does appear that they're trying to work it out and are handling things reasonably, but no one knows when the money runs out and when the door could slam shut.

If they r gonna stiff us then no point in doing the rebrand

sbr will boycott them forever

[Starion]

I went through something similar to this with Pinnacle years ago. Was worse because I had a deposit on the way to them when it happened. It worked out though.

I'm in the same boat with some pending election futures which sucks because they are far better than the current market odds. It is what it is, though. In a situation like this, if you get a refund you should be grateful. This is the risk of doing shady business with an outfit in a foreign country.

[JIBBBY]

As anyone that's ever dealt with a failing business will tell you....time is not your friend. Your best bet is to get out what you can as quickly as possible because there may well not be a tomorrow. One in the hand is worth at least 8-10 in the bush in this case.

And yes, it does appear that they're trying to work it out and are handling things reasonably, but no one knows when the money runs out and when the door could slam shut.

Well if 5dimes has a limited reserve and created a ponzi scheme of sorts or if they are now like a weak insurance company with not enough reserves after a big national disaster then perhaps we should worry..

They are getting bum rushed now for payouts today no doubt about that. I got a good chunk of change in there myself.. I'm gonna try to make my withdraw in a few days.. Would like my futures to be refunded first but maybe waiting isn't a good idea..

Still I sometimes think patience is a virtue.. They fold they fold. I get stiffed by the book I get stiffed, won't be the first time..

[EVPlus]

Apparently administrative fee is 5%. I am going to take the payout with the fee. I don't trust that there will be funds available later.

This is what I'd do. Don't rush your betting strategy just to complete the roll over as it will most likely lead to stupid decision making.

Take the 5% hit. You can deposit somewhere else. Or you can just let it sit in your wallet. When the major indices begin their next accumulation phase, btc will follow and you'll get most or all of that 5% back without lifting a finger.

[Doug tushyterror]

Yeah gotta wait to see if Alex goes up a set..then its hedge city man..

Definitely the right play..I made a huge mistake not hedging my Medv. $500 @33-1 play last year. Could've taken Nadal up 2 sets & a break to win in 5 sets @ 67 -1 for $500. Obviously not a perfect hedge cuz I couldve lost 500 but I would've won over 33K.

[JIBBBY]

Well if 5dimes has a limited reserve and created a ponzi scheme of sorts or if they are now like a weak insurance company with not enough reserves after a big national disaster then perhaps we should worry..

They are getting bum rushed now for payouts today no doubt about that. I got a good chunk of change in their myself.. I'm gonna try to make my withdraw in a few days.. Would like my futures to be refunded first but maybe waiting isn't a good idea..

Still I sometimes think patience is a virtue.. They fold they fold. I get stiffed by the book I get stiffed, won't be the first time..

[johnnyvegas13]

Well if 5dimes has a limited reserve and created a ponzi scheme of sorts or if they are now like a weak insurance company with not enough reserves after a big national disaster then perhaps we should worry..

They are getting bum rushed now for payouts today no doubt about that. I got a good chunk of change in their myself.. I'm gonna try to make my withdraw in a few days.. Would like my futures to be refunded first but maybe waiting isn't a good idea..

Still I sometimes think patience is a virtue.. They fold they fold. I get stiffed by the book I get stiffed, won't be the first time..

I can understand delay in payout for next few days

but no excuses not to grade our futures ....

[SBR Forum]

I emailed 5D today and they said transfers are no longer being done with Betanysports:

Greetings XXXXXX,

Thank you for contacting us. I am afraid we are no longer doing transfers to BAS at this moment, we can offer you **, Bitcoins, wire, cashier check or a sportsbook transfer.

We can transfer the funds to Heritage, you just need to confirm 4 digit pin, amount and your account at Heritage. There is a 3% fee for sportsbook transfers, you can take advantage of your free payout day before 1:00 pm ET if you have not had any payouts in the last 30 days.

Let us know if you need further assistance.

Best regards,
Desiree
Customer Service Department
5Dimes Group

For more assistance in this or any other matter, feel free to contact us via Live Help or by dialing our toll free number 1-800-430-5896.

Hi HedgeHog,

To clarify, 5Dimes is no longer making an account transfer option available. You'd have to take out your balance using one of the aforementioned payment methods. Keep us posted with your feedback on the withdrawal process.

[DISTROYA]

anyone knows what other books (if any besides heritage their butt buddy) they transfer to?

[milwaukee mike]

where is jjgold to tell us how great offshore is?

i've never had a problem or stress collecting on bets at mgm or collecting a 10k future at wynn... and never had them midstream tell me that the best i could get on a bet with big value is my money back

[JIBBBY]

Fock, I really liked and supported 5dimes for years.. I can't believe they are folding for Americans.. All my copy and paste bets on SBR come from 5dimes. I'll miss that book..

I guess Tony was the rock and soul and when he got kidnapped that was the beginning of the end for 5dimes..

[Fishhead]

I can understand delay in payout for next few days

They've taken 72-96 hours for BTC payouts the entire year
Relax

[KVB]

Do they still take action from you guys?

Can you make a bet at 5D right now for a game that settles today?

Or did they suspend activity as well?

[mehoolio]

Actually they just told me they do not support any sportsbook transfer any more and bitcoin is the only way to withdraw large amount of funds by the deadline. Unfortunately bitcoin broker, Gemini, sends all bitcoin sales as income to be taxed, even if it is not winnings which makes no sense. Anyone have other bitcoin brokers they suggest?

Hi HedgeHog,

To clarify, 5Dimes is no longer making an account transfer option available. You'd have to take out your balance using one of the aforementioned payment methods. Keep us posted with your feedback on the withdrawal process.