5Dimes is not a professional book

pags11 · 04-23-06, 01:53 AM

rickysteve,

I agree here and have mentioned this before...their bonus system, much like skybook, only rewards losers...I played with them long enough to find out their not a top book...they are a step below the pinnacles, mansions and cris's...

ourbet · 04-23-06, 05:03 AM

Originally posted by pags11

rickysteve,

I agree here and have mentioned this before...their bonus system, much like skybook, only rewards losers...I played with them long enough to find out their not a top book...they are a step below the pinnacles, mansions and cris's...

I too agree with everything written. IMHO this book should be rated B or B-

natrass · 04-23-06, 10:36 AM

Originally posted by RickySteve

5Dimes has no right to be rated as an A book for professionals. Twice this week they have deleted plays of mine without legitimate cause.

The first one, a 1/2 puck line, they claimed the spread was posted backwards. If this were true, they would have just swapped the spread, keeping the lines the same. However, they posted the new spread heavily shaded toward the side they favored originally. I guarantee you they intended to post the original line, but when they realized that it was too opinionated they decided to take a mulligan. I chose not to make a big stink about this because I haven't had any significant problems with them before.

What they pulled today was too much to take. I made a big play on Stuart Appleby to win the Houston Open. Their system is set up to accept $500 per ticket, but you're freely allowed to place multiple tickets. I sent through several big bets and all were accepted. An hour later I check my account and the plays are deleted. I call to ask what's going on, and I'm told I exceeded the maximum. I ask where this maximum is posted and they say that it isn't posted, it's just "company policy". This is complete bullshit. I've placed multiple max tickets dozens of times in the past, and it's never been a problem. If the maximum were $500, then why were the bets approved in the first place?

So for the second time this week, they've gotten cold feet on bets they've taken from me and instead of being "professional" they've weaseled out by just flat out cancelling them. Seems to me that bookies generally aren't very pleasant when customers decide they'd rather not honor their bets. Why should the reverse be different?

Totally agree .. this is very poor. How can this be rated a top book? This is very shady and dishonest practice. If a book accepts a bet then they should stand by it (the punters have to after all). If they dont, then they should have a VERY good reason.

Awful.

Mudcat · 04-23-06, 11:00 AM

Setting aside the A rating and just focusing on the part about whether or not they are for professionals:

Even without these specific cases, 5Dimes has never been a professional book. $500 per ticket limits? Come on.

As a professional who communicates with quite a few others, it's not even a debate. 5Dimes is a fun little book to fart around at but it's never been a significant element of making a living.

Furthermore, I find this choice of words interesting:

Originally posted by RickySteve

5Dimes has no right to be rated as an A book for professionals.

It's odd (to me) to even talk about it as a right. I've never seen anything to indicate they would even want to be classified that way. Their policies and actions indicate they would prefer that pros stay away. Nothing wrong with that. Lots of perfectly good books like that out there.

The whole thing just seems like a big mistake to me. They're a recreational book through and through.

As for the A rating, if they were classified as a recreational book, I can live with it. I find them to be a good rec book.

bigboydan · 04-23-06, 01:06 PM

you do have to watch there grading closely. they have been know to make mistakes in the past, and grade winners as losers.

RickySteve · 04-23-06, 03:49 PM

Originally posted by Mudcat

Setting aside the A rating and just focusing on the part about whether or not they are for professionals:

Even without these specific cases, 5Dimes has never been a professional book. $500 per ticket limits? Come on.

As a professional who communicates with quite a few others, it's not even a debate. 5Dimes is a fun little book to fart around at but it's never been a significant element of making a living.

Furthermore, I find this choice of words interesting:

It's odd (to me) to even talk about it as a right. I've never seen anything to indicate they would even want to be classified that way. Their policies and actions indicate they would prefer that pros stay away. Nothing wrong with that. Lots of perfectly good books like that out there.

The whole thing just seems like a big mistake to me. They're a recreational book through and through.

As for the A rating, if they were classified as a recreational book, I can live with it. I find them to be a good rec book.

The point here is that no book--"professional", "recreational", whatever--should be promoted as being top notch when they simply cancel wagers that they wish they hadn't made. This is unacceptable and since this site is the closest thing to regulation in the industry, I would hope that some sort of action is taken to discourage them from this practice.

natrass · 04-23-06, 04:37 PM

Originally posted by Mudcat

Setting aside the A rating and just focusing on the part about whether or not they are for professionals:

Even without these specific cases, 5Dimes has never been a professional book. $500 per ticket limits? Come on.

As a professional who communicates with quite a few others, it's not even a debate. 5Dimes is a fun little book to fart around at but it's never been a significant element of making a living.

Furthermore, I find this choice of words interesting:

It's odd (to me) to even talk about it as a right. I've never seen anything to indicate they would even want to be classified that way. Their policies and actions indicate they would prefer that pros stay away. Nothing wrong with that. Lots of perfectly good books like that out there.

The whole thing just seems like a big mistake to me. They're a recreational book through and through.

As for the A rating, if they were classified as a recreational book, I can live with it. I find them to be a good rec book.

Whether a book wants to portray itself as "profesional", "recreational" or whatever ... that may entitle them to place limits, etc as per its business plan. It cannot entitle them to shady behaviour like this because "its only a rec. book".

Mudcat · 04-23-06, 07:22 PM

I hear what you guys are saying. 5Dimes does get more than their share of complaints about cancelling bets due to the so-called "obvious line error" clause. I've had it happen myself. It's never good - and they are one of the worst offenders.

As Dan points out, they get their share of other complaints too. Mis-grading wagers. They correct them as soon as you tell them but it's still not good. Sometimes they slow-grade futures wagers that are completely decided. Again, they'll grade it as soon as you tell them but you shouldn't really have to.

The second example which RickySteve cited is just plain bad period.

On the other hand they have a lot of options that no one else has. They are financially stable.

I think you have convinced me though. They are too loose and sloppy for an A.

(I'm not directly involved in the SBR ratings BTW, in case you were under the false impression that I am, in any way, useful.)

pags11 · 04-23-06, 08:40 PM

5dimes will be soon called 5pennies...I shouldn't rip on them too much, but I just don't like big books that say they take all of this action, but then cut players and bonuses...they are a good, but not great book...