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Old 09-09-2020, 09:29 AM   #1
Defying
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Angry 5dimes is stealing from Future Players who are right

Well Freerolling does = Stealing.. So we all know, 5dimes is closing to all US customers. They seem to want to do things the right way as they gave us a warning and said we can cash out. So the stance they are taking on Future tickets is a bit mind-boggling.

There are a ton of people that bet futures, particularly to WIN Championships like the NBA or NHL. 5dimes cut off date for wagers to be graded is 9/21. This is before the completion of the NBA/NHL finals. 5dimes current stance is if a wager that is pending cannot be graded on 9/21, then it is a cancelled bet. Sounds good in theory.

However, the NBA and NHL Finals will not be concluded by that date. Although the Finals will be underway. By their rule, all teams still alive will be refunded.

Here's the issue, they are grading all teams that lose, losers. So, Every team that was bet on besides the two that are in the finals, 5dimes is grading a LOSER. The teams remaining are cancelled. In booking, its very black and white. You can't have a loser without a winner. They are essentially grading all bets that give them money yet any risk of payout those bets are cancelled. I contacted CS as made this point and was told essentially **** off.

Here's my situation. (And alot of people's situation who bet on the NBA/NHL Finals)
I purchased Lightning to win the Cup at +650 for $500. This pays $3000+
I then purchased Stars to win the Cup at +735 for $445. This pays $3000+
Late in the Stars vs Avs series, I'd hedge my bet(and fading Vegas Knights) I took Avs to win the Cup for $450 at +650. So I had 3 of the remaining 4 teams given Vegas and Lightning were about to close or did close series. Avs lost the series, they took my $500. -$500 on my bets currently.

If (eh, let's be honest) WHEN the Lightning win the East, The Lightning to win the Cup maybe FAVORED. Yet, my +600 ticket will be deemed cancelled when the only price available maybe MINUS money. I'm getting no payout for being right series ago. It's both theoretical and possible we ahve a Stars vs Lightning Finals in which I'd be guaranteed almost $3000 in profit without doing anything as I'll have both Finals. Yet, I will finish my NHL future bets at -500 despite having both finals teams because they aren't paying winners but charging losers. And truly my Avs bet was a hedge.

(If you hate hockey, imagine having Lakers, Celtics and Clippers tickets at all plus money and knowing you can only lose money even if its LA vs Celtics in the finals)

There are two options.

Either don't grade losers and you cancel the entire bet (again you can't have losers without winners)

you payout winners past on the hedge odds. If Lightning is +600 on future ticket and in Finals their opponent is +100, I should be collecting HALF my TO Win and get back my to risk.

You simply cannot fairly/ethically/justifiably collect ALL losing tickets, 30 teams of losing tickets, then cancel the 2 teams that can possibly win.

If you're still not outraged. 5dimes is STILL taking bets on NBA and NHL futures knowing you can only LOSE or Cancel bet.

Last edited by Defying; 09-09-2020 at 09:38 AM.
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Old 09-09-2020, 03:13 PM   #2
txdome
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Re: 5dimes is stealing from Future Players who are right

That's a garbage policy. They should no action all future bets, but what can you do?
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Old 09-09-2020, 03:19 PM   #3
GoldenBears
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Re: 5dimes is stealing from Future Players who are right

You can complain at SBR. That's absolutely batshit if they are doing that
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Old 09-10-2020, 03:34 AM   #4
VincentVega
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Re: 5dimes is stealing from Future Players who are right

FREEEEROLL. If they arent going to payout potential winners (staying "open" until those bets conclude) they should void all bets. If im understanding the situation correctly. But yep, pretty much no recourse here unfortunately. Some bullshit man
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Old 09-10-2020, 09:51 AM   #5
brandoncla
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Re: 5dimes is stealing from Future Players who are right

Yeah, that's bs if they aren't refunding all futures past the cutoff date.
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Old 09-10-2020, 11:01 AM   #6
TheGramuel
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Re: 5dimes is stealing from Future Players who are right

Outrageous if actually happening, doesn't strike me as something that a book as big and reputable as 5dimes would do though?

Sucks for OP
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Old 09-11-2020, 06:59 PM   #7
GoldenBears
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Re: 5dimes is stealing from Future Players who are right

https://www.sportsbookreview.com/for...reads-p34.html

Looks like they are closing to US customers on 9/25

I have Toronto to win the east at 23-1 and Bucks to not win east (which has hopefully already been graded?)
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Old 09-11-2020, 07:02 PM   #8
VincentVega
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Re: 5dimes is stealing from Future Players who are right

You BETTER get that payout for the bucks.
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