One of the best things about online betting is that it doesn’t have to cost a lot to get started. If you just want to dip your toes in the water without risking much, it’s entirely possible to try your hand with small wagers here and there. Visit any bookmaker in the real world and you will have a hard time convincing them to book your £/€/$ 1.00 wager. Online, that isn’t a problem at all.
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It is equally important to consider the withdrawal implications when we talk about minimum deposit betting sites. Although it would be nice to turn your small deposit into a million dollar bankroll, the odds are more likely that you’ll end up making a small withdrawal as well. It costs money for sites to process withdrawals so they almost always have some sort of minimum amount they’re willing to process.
So with that in mind, I have listed both the minimum deposit and withdrawal amounts for the above betting sites. These are the sites with the most flexible banking methods for anyone planning on working with small amounts of money. After all, getting your hands on your money after winning a few bets is half the fun.
If you are skilled or fortunate enough to turn your modest deposit into a sizable bankroll (it can happen), you will also be glad to know that legit betting sites don’t enforce maximum withdrawal limits. This is important to note because there are some not-so-reputable betting sites out there that place limits on how much you can withdraw. I’ve even seen a couple sites that only let you withdraw if you have made a deposit within some recent time frame. You won’t see those types of sites listed anywhere here at BestBettingSites.com.
Best Deposit Methods for Small Transactions
The best deposit methods for small deposits and withdrawals tend to be credit cards and e-wallets such as Neteller and PayPal. I’d rank Neteller and PayPal as the most flexible thanks to their willingness to process very small transactions going both ways. These deposit options are cheap for betting sites, and sites are therefore comfortable with letting you move small amounts of money back and forth. Plus, there are no fees for you until you move the money from your e-wallet account to your bank account.
Credit cards also work well for smaller deposits although not quite as well as e-wallets. Credit card companies charge merchants a percentage for each transaction so the limits aren’t quite as low. However, this is a viable option if you don’t have an account with PayPal or Neteller. The minimum card deposit is often in the range of $20, £10 or €10. Just note that the minimums can vary quite a bit from one betting site to the next.
If you’re an infrequent punter, the credit card may be the most logical solution for you. There are plenty of gamblers out there who may occasionally pop online to place a bet on the World Cup or some other annual competition and then sit out the rest of the year. If this sounds like you, I would recommend trying your credit card first.
On the other hand, more frequent players should look into one of the afore-mentioned e-wallet solutions. A digital wallet takes a few moments to set up, but it’s worth it because you can deposit small amounts frequently and avoid any fees that may be associated with credit or debit card transactions. Furthermore, withdrawals are much faster when you ask your betting site to credit your winnings back to your e-wallet account.
Is it even worth betting online if I don’t have much money to spare?
Absolutely. In fact, I would consider it responsible to start small if you don’t have much money to spare. One of the age old maxims in any form of gambling is to only risk what you can afford to lose. There’s nothing wrong with keeping it responsible and only wagering a little bit at a time.
It really doesn’t take much money to make any sporting event way more exciting anyways. Even a small bet on a match gives you a reason to follow closely and root for one side or the other. There’s a major sense of accomplishment that comes from making a prediction and then watching it manifest in real time before your very eyes.
You may also find it easier to keep your spending under control if you only deposit small amounts at a time. Even though it only takes a few seconds to make a deposit, I always find it to be a sort of mental block when I run out of money in my betting account. I know that when I run out, it’s time to call it a day and take a break.
The last thing you should be aware of before I send you off is how small deposits impact your ability to take advantage of deposit bonuses. Every betting site offers some sort of deposit bonus, and in most cases the size of the bonus is determined by the size of your first deposit. If you sign up for an account at some bookmaker or casino and start small, you won’t get much in bonus money.
There is also a minimum amount you can deposit and still claim the bonus. Often this is just £10 to £20, but it can be higher. Check the terms and conditions before you sign up if you’re determined to get a bonus. You can then choose the site whose welcome offer best suits your intended deposit amount.
You should also know that the welcome bonus at 99% of betting sites is a one-time-only thing. You get a bonus added to your first deposit and that’s it forever. Therefore, I recommend sticking with just one betting site rather than bouncing around and making minimum deposits at multiple bookmakers. This way, you can save the bonuses at other sites for a time when you’re ready to fund your account with more money.