5dimes - be careful

[Sherlock]

So far the bitcoin payouts come each week exactly as promised. I have no more doubts about 5dimes.

[PROFRBcom]

So far the bitcoin payouts come each week exactly as promised. I have no more doubts about 5dimes.

Yea, that Amazon seizure was never going to be enough to burn these guys. They have excellent margins. And hell, it's not like they have high overhead. I mean, that website hasn't been updated in a decade

[Sherlock]

Few months ago there was a big news, they changed a logo. It looks almost the same as the old one, but we had to replace all banners, from which many did not work for long time and some do not work even now. I was thinking that they will contitue with the change of design, But no. They survived the era of the "clean design", their mobile site is almost the same as desktop, livebetting is I guess something where you must constantly manually refresh the page to see the changing odds. But it works, no change needed. I guess the customers who can live with this design and who made it though incredibly complicated system of bonuses, will have no problem with something like bitcoin.

I love your signature (not sure why I see it only when I am signed off - maybe adblock?). That is the capitalism. That is how the economy can be bitcoinized and people even do not have to use bitcoins. I am sure that if bitcoin does not fail, this model of decentralised mini-processors is a model with bright future.

[PROFRBcom]

Haha! I also thought that a website redesign was imminent when they updated the logos!

Our conversions there are terrible btw, however, we're trying to convert players to poker and not sports/casino.

[Gambleri]

My conversions at 5Dimes are terrible as well (I have general gambling and sports betting traffic).

I guess it works... but it could work much better.

[wonderpunter]

My conversions at 5Dimes are terrible as well (I have general gambling and sports betting traffic).

I guess it works... but it could work much better.

5Dimes converts well for us, however it picks up sharps.. guys winning 100k plus, and quite a few at 20k plus per week.. so as an affiliate it doesn't make any financial sense for us to promote as we used to, it was our top book as we attract a lot of high value players but when your players are winning over 6 figures per month its hard to make 1 dime let alone 5

[justbookies]

5Dimes converts well for us, however it picks up sharps.. guys winning 100k plus, and quite a few at 20k plus per week.. so as an affiliate it doesn't make any financial sense for us to promote as we used to, it was our top book as we attract a lot of high value players but when your players are winning over 6 figures per month its hard to make 1 dime let alone 5

This is no bad thing as they wont keep winning forever. I love it when I find a book that actually accepts a bet, unlike every single of the pathetic UK firms who only want the tenners. Plus 5Dimes does seem to play fair with affiliates.

My worry with 5dimes is the decreasing withdrawal options. I know mine is down to btc only (but I am not United States). Can USA players still get a check withdrawal?

[justbookies]

Our conversions there are terrible btw, however, we're trying to convert players to poker and not sports/casino.

I always thought they did not pay on poker activity?

[wonderpunter]

This is no bad thing as they wont keep winning forever. I love it when I find a book that actually accepts a bet, unlike every single of the pathetic UK firms who only want the tenners. Plus 5Dimes does seem to play fair with affiliates.

My worry with 5dimes is the decreasing withdrawal options. I know mine is down to btc only (but I am not United States). Can USA players still get a check withdrawal?

That's what i thought, but i have one player that wins all the time, cleans out all the comms being made I can get him removed but i would still be left with the negative, so might as well wait it out until football season starts, withdraw wise I am seeing quite a lot but it does not mention the type of withdrawal, I use bitcoin myself so not sure

[Sherlock]

They pay now for poker:

	Poker Rooms Commission:
	True Poker:
	Grand Poker:

It is for me low amounts, much lower in proportion than bovada, but the amounts surged now.

Conversions are worse than bovada (clicks -> signups and signups -> real money depositor, both maybe twice as much, so it is like 25% of bovada), but they are making significant money back on the money spent (if the player signs up and if he deposits, then he bets and loses a lot).

But that may be just for me.

[Gambleri]

They pay now for poker:

It is for me low amounts, much lower in proportion than bovada, but the amounts surged now.

Conversions are worse than bovada (clicks -> signups and signups -> real money depositor, both maybe twice as much, so it is like 25% of bovada), but they are making significant money back on the money spent (if the player signs up and if he deposits, then he bets and loses a lot).

But that may be just for me.

Yeah, I have 5Dimes converting clicks to depositors at around 1/3 of Bovada. Deposit amounts are decent though.

[universal4]

Can USA players still get a check withdrawal?

I hope not, since if they allow players to get withdraws that way it is pretty unfair to not allow affiliates to get paid that way.

Rick
Universal4

[Sherlock]

My players account does not have other payout options as well.

I do not think it is unfair. Simply bank transactions now are very hard and they are harder with big money. Affiliates receive the bigger money hence they are no1 bitcoin target. Also we are bond to them once we choose them, but they must compete for all customers even with crazy high "moneylaundering" fees, because there still are some non bitcoin US bookies.

I guess there is no affiliate who likes the development in short term, because it is a pure restriction. But it is understandeable for me. They can not squeeze players as much as affiliates. For us it is a business so we must learn new things. For customers we must just hope they will learn.

[PROFRBcom]

Yeah, I have 5Dimes converting clicks to depositors at around 1/3 of Bovada. Deposit amounts are decent though.

Bovada / Bodog: 50% RMPs in the last 30 signups

5Dimes / Sportbet / Island Casino: 0 RMPs on the last 31 signups *sigh*

[Sherlock]

Yes it happens. It is weird, but I can see sometimes 0 or 1 real depositor from last 30 signups. But as time goes it changes. When I click on last 3 months it is 10% and overall it is for me 13.5% signups converted into deposits.

[wonderpunter]

I get a much better sign up to deposit with 5Dimes over bovada, but 5Dimes was my number one book until one player started winning 100k per month.. last 30 sign ups = 11 deposits .. so 35% and 36k deposited,

[PROFRBcom]

I get a much better sign up to deposit with 5Dimes over bovada, but 5Dimes was my number one book until one player started winning 100k per month.. last 30 sign ups = 11 deposits .. so 35% and 36k deposited,

Anyone winning 100k a month can lose 100k a month. Another problem with 5Dimes is that they have negative carryover. So I can see how that is painful for you

[Sherlock]

The payments go through fine. What I do not like - apart from security and sending password over email etc - is the duration of the process.

I mean, they payouts are done via the same departments as players obviously. I personally do not mind waiting 2 working says for payout, but I think players, who were forced to switch to bitcoin, would like to see sometjing like 2 hour/minute/milisecond payouts instead on 2 days. Why not to take advantage of Bitcoin?

I never withdrew from bitcoin sportsbooks or casinos, but I bet they have instant withdrawals and deposits (certain amount of confirmations is needed). I think the US bookies do not realize that Bitcoin payments beed a little bit more programming and security but then they do not need human action.

[PROFRBcom]

I never withdrew from bitcoin sportsbooks or casinos, but I bet they have instant withdrawals and deposits (certain amount of confirmations is needed). I think the US bookies do not realize that Bitcoin payments beed a little bit more programming and security but then they do not need human action.

Bitcoin only sites have the advantage of not using banks. And thus, along with the fact that none of them are regulated in any way, they avoid those pesky KYC checks that traditional book/casino/poker rooms use.

[Sherlock]

As I am looking at the blockchain that 5dimes pays me, I think they are not using banks either (unlike Bp). I may be wrong but I think 5dimes already have quite a lot of bitcoins from gamblers stored. And even if one works with processors (who are paid in fiat) the bitcoin transactions can be instant. They are just lazy or it is the trick where they are giving 2 days to players to think about payout and cancel it. Either way, it has to change now: bitcoins transactions have to be faster regardless of KYC. And even the KYC in Bitcoineconomics has to change/simplify. But then it is a challenge for whole bonus system, because either there will be at least basic KYC or the special signup bonuses will disappear. I think if the convergence between classic and bitcoin casinos continues, the the bitcoin casinos have to start with some identity checks to have the ability to offer the best bonuses (to avoid bonus abusers).

Btw. what I found funny is that Roger Ver (the guy who gave up US citizenship, know for fights with Amir Taaki), who was I think mentioned even here, just started not-only-bitcoin casino at casino.bitcoin.com. And that btc casino does not accept US players. One would expect more straightforward approach from someone who already is in troubles, but probably he does not want to have multimillion dollar domain bitcoin.com seized.