Everything to know about: Low Deposit Betting Sites

A low deposit betting site is a sportsbook (commonly referred to as a bookmaker or ‘bookie’) that quite literally offers bettors the lowest possible deposit amount to play some of their most popular games, like sports betting.

There are various reasons (listed above) why some players would prefer a betting site or betting market that accommodates a small bankroll and small stakes.

Casual bettors often gamble for mere entertainment, while new players may be skeptical about risking a large deposit upfront. Choosing online casinos that offer a low minimum deposit allows bettors to steadily increase their bankroll balance and refine their gambling and betting skills.

It’s important to note that not everyone’s idea of a low deposit amount is the same. It’s all relative and what you may deem as a reasonably small deposit, may be on the high end for another player.

Luring New Players

Minimum deposits are not available on all betting sites, but many have seen the need to cater to a small budget. On top of providing a platform that is more affordable, most online sportsbooks attract new clients by offering a welcome or deposit bonus that can expand your bankroll. But more on this in a moment — let’s take a look at how to choose minimum deposit sportsbooks.

Test an Online Sportsbook

For beginners, wagering minimum bets allows you to test a bookie before committing to it with large sums of cash. A low initial deposit won’t necessarily alter your betting experience, and going in small (and possibly being able to claim a sign-up bonus too) won't leave you feeling as disappointed if you were to lose.

Gain Experience

Minimum deposit sportsbooks really are the perfect starting point for beginners with very little online gambling experience because they allow them to dive in and learn the basics of sports betting while getting acquainted with the betting site’s interface. Again, the fact that new players can dive in and start betting on a reasonably low initial deposit makes it seem less risky.

Designed for a Small Budget

Bettors with a small budget or limited funds to gamble will appreciate the low deposit threshold. It also curtails big, spontaneous spending while maintaining the pleasure and anticipation that comes with sports betting.

Does a small deposit appeal to you? If so, read on as we uncover more about minimum deposit sportsbooks, including how to choose a betting site with low deposits, ways to bet, our 10 best-recommended sportsbooks, and more.

Now that you know what to look for on betting sites, we will touch on ways you can bet to give your small bankroll extra miles.

Despite the benefits, depositing the minimum amount gives you a limited strategy and the reality is that you could also wipe out your tiny investment — fast. When you go lower, here’s how to bet to improve your sportsbook experience and potentially increase your bankroll:

1. Always bet on your favorite sport or the one that you have the most insight into.
2. Because upsets in sports are common, more so in the NFL and UFC and when betting on the moneyline, consider wagering on the underdog instead. While they’re more difficult to hit, they do have the potential to boost your earnings.
3. Futures bets are also great on a small budget, but they have a pretty long lead time before you’ll be able to see the outcome of your bet.
4. Parlay wagers can raise your bankroll too. Not sure what a parley is? Parleys or accumulators are a combination of two or more individual wagers in one. What this means is that you are essentially placing a bet on two or more results with one bet and if you win, it pays a lot more than a single wager.
5. We can’t forget about live betting, which is an incredibly engaging and entertaining option where you place a bet on a sporting event after it has already started. The odds shift throughout the game based on what is taking place in real time, and you’re able to bet on things like the next corner kick or penalty, etc. in soccer.
6. Finally, make sure you claim your sportsbook bonus. This welcome bonus will be added to your small bankroll, but remember to check the terms as it usually comes with a couple of rules or rollover requirements.

Now that you know the ins and outs of succeeding with a low deposit or small bankroll, here are our best sportsbooks offering them:

ICE Casino

The minimum deposit is $20 in your chosen currency and there aren't any limitations on withdrawals. It also offers a range of reliable and secure payment methods and has an appealing sign-up offer that matches your deposit amount. So, if you deposit the low minimum amount of $20, you’ll get an additional $20 to play.

Arlekin Casino

It has a very low minimum deposit of $5, plus its welcome package has a bonus of up to $850 with an additional 150 free spins.

Casino Kakadu

The minimum deposit and withdrawal amount for all their standard payment methods is a modest $20. The casino has a wide selection of games, along with a VIP/Loyalty Program and a 100% 1st deposit bonus, and 100 free spins.

Neon54 Casino

A great option for lightning-fast payouts, but the minimum deposit of just $10 is alluring too.

22Bet

Another casino with a low minimum deposit. Bettors only need to fork out $1 and the welcome offer is based on a bettor’s initial deposit, receiving up to $122 in free bets.