When it comes to having a wager on football this weekend, not everyone wants to bet thousands of bucks. For most of us, sports betting is a way to add a bit of fun to a game, and we don’t want to bet a lot. Minimum deposit sportsbooks or betting sites with a low minimum deposit are a great option for casual bettors looking to back their favorite team.
If you are new to sports betting in the US or online gambling in general, you may not wish to spend vast amounts of money to begin with. As online gambling grows across the United States, more sports betting sites are available than ever before, which is great news for bettors. This means many betting sites have low deposit thresholds as they look to attract new players to sign up and ease them into the online wagering experience.
Lots of sports book sites will offer a sports promotion for new players with a bonus code to give them instant access to free cash and encourage them to sign up. There are multiple deposit match bonus and other promos to attract new bettors. However, one of the other ways to bring people to the site is by having a low deposit threshold.
With so many options now available, it is challenging trying to find minimum deposit betting sites that are suitable. Indeed, there are even some betting sites with no minimum deposit; however, these are few and far between. Ultimately, the aim is to make money betting in sports, and that is easier when you aren’t losing lots of cash straight away. This guide will help sports bettors choose the best online sports betting site with a low minimum deposit.
Best Minimum Deposit Betting Sites
As we have mentioned above, there are some gambling sites with no minimum deposit required, but these are often offshore bookies online. Although your initial deposit amount could be as low as $1, your information isn’t protected, and you will lose out in the future. Every betting app and online sportsbook site listed on this page is licensed, meaning you are protected and can play without fear. Below is a list of the top 10 legal online sportsbooks, along with their minimum deposit amount.
As you can see from the list above, most options are $10 minimum deposit sportsbook sites. This is the standard amount and certainly falls into the low minimum deposits category. You may come across a betting site with an even lower minimum amount. For example, the DraftKings minimum deposit amount is $5, which is excellent value as that is one of the best platforms available.
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Although a sportsbook $10 minimum deposit amount is the general standard, always shop around to see if you can find one with an even lower minimum deposit requirement.
If you are just starting out looking for online betting sites, you should adopt a reasonable approach when it comes to making deposits and managing your bankroll. We would recommend not risking a lot of money at first. Instead, you should sign up at a legal US sportsbook, start with a small bankroll, and grow the amount of cash you have and your betting ability.
A good strategy to follow is to sign up at a low minimum deposit sportsbook that also allows small stakes. Searching for the lowest minimum deposit sportsbook and joining means you can begin with a tiny investment and gradually build up your bankroll. A betting site that accepts minimum bets in addition to small minimum deposit limits is a fantastic option for new players.
This article aims to help you find low deposit sportsbooks and cheap sportsbook options that help you gradually get used to wagering while not losing significant amounts of money. In addition to discussing minimum deposits, we will also cover bankroll management and bonus hunting.
Our top 3 minimum deposit sportsbooks
When choosing which site or app to place your wager on, you need more than just the ability to make a low deposit. These are the 3 sportsbooks with a low deposit that we recommend and why:
DraftKings Sportsbook – $5 Minimum deposit
There is a very good chance you already know who DraftKings are. They have one of the most popular DFS platforms in the states. DraftKings made the transition to sportsbook back in 2018 and has been dominating the US betting industry ever since. The operator is available in over 10 states with more on the horizon very soon.
DraftKings Sportsbook app and site is a legal and licensed book offering a very good variety of banking options, and of course, a low deposit of just $10. It is easy to make a deposit to the book, and even easier to withdraw from DraftKings.
Deposits are withdrawals are handled quickly and usually processed in 24 hours. New players can also claim a $1,000 deposit bonus at sportsbook.draftkings.com
BetMGM Sportsbook – $10 Minimum deposit
BetMGM is the online arm of gambling giants, MGM. If you have ever watched boxing or UFC, then you will probably be familiar with the MGM casino properties. The sportsbook from MGM went live in 2018 and is rapidly growing to be one of the best sportsbooks for US bettors. The BetMGM app is one of the most popular gambling apps on the market and it is very easy to use.
MGM has a minimum deposit amount of $10 which is ample for most casual bettors. There are operators who will take smaller deposits, but a ten-spot is still a good amount. Withdrawals and deposits are handled in a timely manner and BetMGM accepts a wide range of cashier options including credit/debit cards, wire transfer, Play+ PayPal, Skrill, and many more.
New players can get a $1,000 risk-free bet at betmgm.com
Caesars Sportsbook – $10 Minimum deposit
Caesars is another casino turned online sports betting operator. Having purchased the William Hill brand in 2021, Caesars is now looking to conquer the sports gambling world. The Caesars sportsbook app and website are super easy to use and let you bet on a huge number of sports and events. Caesars is one of the best minimum deposit sportsbooks going for a number of reasons. Ok, there are books that accept deposits less than a tenner, but they don’t have Caesars Rewards, cash out, in-play wagering, and a whole roster of other features.
All new customers can claim a $1500 risk-free bet from the operator when they join at williamhill.com.
There are other good options such as Fox Bet and FanDuel sportsbook who offer a generous sportsbook minimum deposit amount. However, each sports betting site listed above are the best options. When looking for a low deposit betting site , always ensure they have ongoing promos such as odds boosts for significant events like the Super Bowl.
What does no Minimum Deposits mean?
Often in sports betting, you will hear the term minimum deposit, so we thought it would be helpful to explain what that means. Because at first glance, ‘no minimum deposit’ and ‘low deposit’ seem to be different things. While that is true, the difference isn’t as big as you might think.
Every online bookmaker has a minimum deposit limit or a minimum bet amount. This limit represents the minimum amount of money you can transfer to that bookmaker. For example, you will typically come across “sportsbook $10 minimum deposit required,” which means you can’t transfer less than $10. Minimum deposit amounts vary at all betting sites, including online casinos. It could be 10 for some or 20 for others.
However, there are some betting sites that like to keep the limit much lower. For example, $5 deposit betting sites allow players to deposit and place bets with only five units of money. In this instance, it is entirely reasonable to say that $5 is as good as it gets when looking for betting sites with low first deposit amounts.
You may also be wondering what it means when you see a site claiming there is no deposit needed. Although it might be hard to believe, there are betting sites that lower the minimum limit to less than $5. Dollar betting sites specifically fall into this category. These sites accept deposits as low as $1.
How to claim a Sportsbook bonus with a small deposit
When you have chosen your preferred deposit method and sent money to your favorite betting site, you become eligible for a welcome bonus, usually a free bet offer. In a highly competitive market, this is the way online sportsbooks attract new clients, so don’t forget to claim it.
These bonuses come with rollover requirements, meaning you need to follow and adhere to the rules in order to use them. This is common and is nothing to worry about; it is just the nature of the business.
Claiming a bonus is a straightforward process and can be done by following the below steps:
- Once your registration is complete, visit the cashier section and choose your preferred deposit method.
- When adding your deposit, the sportsbooks will give you bonus options. Select which one you like the look of, and then confirm your deposit.
- The bonus funds will appear in your account but make sure you read the rollover requirements first.
Completing the steps above will ensure you can properly take advantage of the welcome bonus.
Best bets to make with a minimum deposit
Of course, one of the negatives when you only deposit a small amount is you will have a limited strategy and could run out of funds quickly. However, if you are smart, you can grow a bankroll and steadily grow into the experience.
Upsets are common across most sports. However, they are particularly common in the NFL and UFC, especially when you bet the moneyline. Betting on the underdog will always increase your potential earnings, but they are difficult to hit.
Additionally, you should always wager on the sport you are most comfortable with. Futures bets are another good option. The only issue with these is that you must wait months to see the result of the bet, so they aren’t a good choice if you want to grow your bankroll fast.
Parlays can also grow your small budget into a more significant amount. A parlay wager is the combination of several in one investment. Parlays mean you are betting two or more results with one bet. It pays far more than a single wager because it’s harder to get it right.
There is also live betting which is another good option. This is an exciting betting option where a bettor can place a wager on an event after it has started. The odds will constantly change depending on what is happening, and you can place a sports bet on things like the next corner in soccer.
Ultimately if you have never bet before and are new to gambling sites, wagering small amounts allows you to test the features without risking a lot of money. It gives you the opportunity to learn the ins and outs without the pressure of risking large sums of cash.