5 Dimes Stole my $923.00

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Sep 21, 2004
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Last night I called 5 Dimes up for an explanation on a proposition bet for the Hopkins/De La Hoya fight. The prop was regarding the number of times either fighter would be knocked down. I felt very confident that if anyone would be getting knocked down in the fight, that it would be Oscar De La Hoya. I wanted to make sure that I understood the proposition before wagering, so I decided to call 5 Dimes. I was transferred to wagering and I spoke with a rep, who himself asked for clarification on the proposition. He explained the prop to me as follows: If I took "Times Hopkins Knocked Down +1/2 @ -240" if Bernard Hopkins does not get knocked down, I would be a winner. The opposite bet was "Times De La Hoya Knocked Down -1/2 +210". My account was empty at the time, so I had to reload with Western Union.

I later placed a wager on the proposition over the internet. I felt all along that as long as Hopkins did not get knocked down or at least stayed ahead of DLH in terms of knock downs, that I would be a winner. Oscar is knocked out in the fight and suffers the only knock down of the fight. I felt that I was a winner. I see later that my wager was graded a loss. I called the book and spoke with a manager named Jim who tells me that my wager should have been graded a winner and that I should wait 10 minutes or so for it to be corrected. It was never corrected. I called back and was told to call in the morning to speak with another manager.

I call back this morning and I spoke with Walter on this matter and he told me that he would perform a search for the phone recording of the explanation of the wager to me. He told me to call back later after the 1:00pm football games and that he would inform everyone in the office of my complaint. He told me that by 1:30 or 2:00pm, the search should be completed and that I would be able to listen to the recording together.

So I wait and call back around 2:20pm and I am now speaking with Victor because Walter is no longer in the office. It seems as if Victor has not been briefed on what took place and he flat out tells me that the wager is final and that there is nothing that can be done.

It turns out that I risked $923 to win $384.58 on a proposition which really meant that Oscar had to create the most knockdowns @ -240. I have bet on many boxing matches and I never would have bet on such a proposition @ -240 if it were properly explained to me because the chances of Oscar knocking Hopkins down at all were slim going into the fight.

Victor at 5 Dimes has told me that, no matter what information was given to me over the phone by the clerk, my bet is final. Now that I look back at this, I really think that this was a bad line because if I was betting on Oscar to knock Bernard down more times, I should not have had to lay odds, especially @ -240.

I have never complained about a loss and really thought that I had a legitimate case. But according to Victor, the bet is final. I still feel that I have been robbed.
 

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This is why you record your own phone conversations, or get an email explanation. Something to document the conversation.

Don't make a bet if the bet itself is confusing to all parties. It's not going to end well.
 

Born Again Gambler
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That sounds like total B.S.. There is no way that Oscar being able to knock down Hopkins at -.5 would pay -240. If that was the case, everyone who has half a brain would have unloaded on Hopkins +.5 at +200 or so. I would email Shrink or General about this and have them try to mediate. At the very minimum, they should refund your bet. They are obviously trying to rip you off.
 

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Looking at the way it's phrased and the way the operator explained it to you, they did trick you by not explaining the potential outcomes of the this bet correctly.

Number of times BH got knocked down? ZERO.
Number of times ODLH got knocked down? ONE.

....using the handicap, ODLH 'won' by +0.5.

The bet did not suggest 'who will get most knockdowns' or 'who will get least knockdowns' and that's where the ambiguity lies.

I agree with elk102873 and am equally surprised how this wasn't hammered into oblivion by those trying to get an edge on the fight if that was how 5 Dimes was going to grade the bet.

Unfortunately, Royler's assessment seems ominous.
 

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On two occasions 5Dimes has incorrectly
graded boxing wagers as losses that were
in fact winners. I'm not sure if it was intentional or just incompetence. I was wise
to their mistake and it was corrected. I am aware of
this happening to other guys. Royler is right.
If there is any doubt, stay away. I saw that
prop and could'nt make heads or tails out of it.
Makes me even more suspicious of them now.
 

Banned
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Sep 21, 2004
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What?!!

That is a hideous and outrageous ripoff. There is no way they could have intended that misleading line.I will be closing my account at 5dimes and I would encourage others to do the same.
 

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