Low & No Minimum Deposit US Betting Sites

Online sportsbooks can be fun, but it gets even better if you can wager without breaking the bank. Budget-conscious bettors know that landing a betting site that will take a low minimum deposit can be all you need to profit from your bets.

Some niche betting sites market their products to bettors who want low minimum deposits. If you are one of those who will only sign up for a betting site with a low minimum deposit, this is the article for you. There is a wide selection of such sportsbooks if you know where to look.

I’ll tell you all you need to know about minimum deposit betting sites and what sites you can bet on without having to fork out a bunch of cash on your first deposit.

Top five minimum-deposit betting sites

What makes a good minimum deposit site? The main thing is that you are not asked for an outrageous first deposit to place your bets. However, there is more you need to consider, such as the quality of bonuses and the wagering options you get.

Here are some of the best sites you should be checking out if you are looking for a sportsbook that will take low minimum deposits:

DraftKings Sportsbook

DraftKings had a reputation even before it entered the sports betting scene. You only need a $5 deposit to place bets on their site. You get many betting options here, including basketball, boxing, American football, baseball, MMA, lacrosse, soccer, and motorsports.

These are bolstered with all the standard bets (like spreads, money lines, prop bets, and point totals), as well as same-game parlays, flash bets, teasers, and live bets.

bet365 

bet365 is one of the renowned UK betting sites. One of the reasons I recommend the site is its over two decades of operation. Launched in 2001 for bettors in the UK, bet365 ventured into the US market in 2019.

At bet365, you need a minimum deposit of $10 to wager on your favorite sports. Among the betting options are all the major leagues worldwide and in the US, like the NFL, MLB, NBA, and all the top European football leagues.

While its betting coverage and minimum deposit bonuses will get you here, you’ll love its suite of betting features, like the cash-out option, live streaming for select matches, and in-play betting, which will get you closer to the action.

BetMGM

BetMGM is an online fill-in for MGM Resorts International. The brand is known for one of the best in-person wagering experiences. This has been translated into the online site.

You can wager at BetMGM with a minimum deposit of $10, and there are lots of banking options. With native apps for Android and iOS users, you can access your bets and keep tabs on things wherever you go.

Registering here grants you access to a generous welcome bonus of up to $1,500 in bonus bets. Simply put, when you place your first bet on the site, on any game, and the bet loses, you’ll receive a bonus bet back equal to your stake (up to $1,500). The cash you spend on your first bet is never lost when you wager at BetMGM.

Another reason to use the platform is the loyalty program, which has great perks for every level. You can also see what offers and discounts are available on room rates and more at the resorts.

Betway

While Betway needs no introduction in the UK scene (Est. 2006), the brand has gradually expanded operations, marking its entry into the US market in 2021. Betway appears on our list as it is one where you can deposit as little as $10 to unlock the welcome bonus. New bettors in the US qualify for a 100% deposit match that goes up to $250.

Aside from the lucrative rewards you get on the site, we also liked how everything is laid out. Finding your favorite sports is quite easy with menus on the sides. A top tab that holds all the main selections, making navigation easy, whether you are on the browser site or the mobile app.

FanDuel

FanDuel has been around since 2009. It offers the added fun of a fantasy league in addition to the wide array of sports betting options. At FanDuel, you can place bets with a minimum deposit of $5.

A low deposit is not all you will like about the site, which gives you a welcome bonus of $200 in bonus bets. While it’s a reward you may have encountered before, FanDuel’s low deposit requirement is the cheapest you can get it for.

Being a household name in fantasy football, you can already tell that FanDuel offers a betting product that covers all bases.

Low Minimum Deposit Betting Sites by Sport

Narrow down your search for the best sports betting site with low minimum deposits by choosing a particular sport from the selection below.

Legal US Betting Sites with Low Minimum Deposits

The US is one of the biggest sports betting markets. After most of the US legalized sports betting in 2018, big-name companies have attempted to expand their services across states.

Our tests found plenty of betting sites with the right minimum deposit limits for bettors who wish to stick to a budget. Beginners will also find low-deposit betting sites to be a suitable way to start playing. You get sportsbooks that take minimum deposits of $5 or $10.

After these, the standard minimum deposit is usually $20.

$5 minimum deposit betting sites

A low minimum deposit ensures you stay within your means no matter how good the game gets. Betting sites will let you wager with a $5 deposit, allowing you to grow into a more substantial bankroll.

Aside from the low initial deposit, little else separates these sportsbooks from your typical retail sportsbook. You get the full range of betting features and coverage at the most reputable sites.

It is also reassuring to know there are plenty of these to choose from—what’s more, no matter the platform you narrow down, you get great entertainment value.

$10 minimum deposit betting sites

A $10 minimum deposit site is closer to your conventional sportsbook, and this comes with its advantages. With these, you get a much broader coverage of sports disciplines. Still, what truly sets them apart from other betting sites with low minimum deposits is the range of bonus rewards you can claim.

These sites sit at the perfect balance where you can get the best of both worlds: a minimum deposit you can rally behind and a broader scope of bonuses that you can claim/qualify for. Here are some of our picks of the best $10 minimum deposit betting sites you can wager on online:

Caesars Sportsbook

An extension of Caesars Entertainment, the online offshoot has enjoyed a great run with its betting offerings—after all, Caesars Sportsbook is one of the best in its class. Coincidentally, the brand is among those you only need to make a minimum deposit of $10 to wager here, which comes with a bonus reward.

Place your first real money bet in the sportsbook, and the operator will return it if your wager loses. To be precise, the promotion gives back your lost bet of up to $1,000, so you can relax and enjoy wagering here for the first time.

Caesars Sportsbook is modeled to be the perfect betting site for US bettors. While it focuses on the NFL and the NBA, it offers many amazing betting markets for other sports.

DRF Bets

With its red and white, DRF Bets is hardly unmissable, but this is not the only reason the betting sites will catch your attention. First, you get to wager with a minimum deposit of $10, which is great. The new customer bonus reward is a 100% deposit match of up to $200.

DRF Bets, which in full stands for Daily Racing Form, pays homage to the old tabloid newspaper that would give horse racing information from performances to upcoming races. DRF Bets does just this with all the information about horse racing that you get on the site.

There are all sorts of insights on horse racing, and the ROI tracker is among the ingenious features you will enjoy on the site. The site is suited for horse racing fans since it focuses on this.

Borgata Sportsbook

Borgata is a sportsbook that offers some of the best betting features for US bettors. A tab with all the betting disciplines runs across the page—and you only need a $10 minimum deposit to access them.

This goes hand in hand with the welcome bonus, which will match 100% of your first deposit for up to $1,000, but it gets even better. Borgata promises to give you $20 in free bankroll when you sign up and make your first qualifying deposit.

Usability is so smooth on the site, with all the menus you can use to find your way around the pages.

Pros and cons of minimum deposit betting sites

Minimum deposit sites have made online wagering accessible to more sports fans. Sportsbooks that accept a low minimum deposit are ideal for first-time bettors. They also come with lucrative rewards. However, there are downsides to wagering at these sportsbooks as well:

Pros

• Instant welcome bonuses for a low deposit
• Have great features like live streaming and in-game betting
• Plenty of rewards for returning members
• The low stakes don’t diminish your chance of winning
• Great mobile compatibility

Cons

• Bet size may be low for your bonus rewards
• Some prominent banking options may be missing
• Offers expire quickly

Pros and cons of minimum deposit betting sites by payment method

Minimum deposit sportsbooks accept a wide range of payment methods for US bettors. While debit/credit cards are a solid option to fall back on, personally, I prefer e-wallets for their freedom and faster payments.

Here are the common banking options to expect in the US low deposit betting sites and their pros and cons:

Debit and Credit Cards

Debit and credit cards are among the most used modes of payment in US sportsbooks. Just about all major cards, including Visa, Mastercard, Discover, and American Express, are accepted whenever you wish to make payments. 

Still, some drawbacks exist, as some banks may block transactions to gambling sites. Here are other highlights to contend with.

Pros 

• Accepted on almost all sportsbooks  
• Eligible for bonus rewards
• Low/no processing fees to worry about
• Lets you make large transactions 

Cons 

• May take long to process payments 
• Minimum withdrawal limits may be high 

E-Wallets

A sound option for many online bettors, e-wallets offer more convenience and extra security features than openly using a debit or credit card. After all, there’s the inherent risk of your card details falling into the wrong hands. 

Popular e-wallets supported by US minimum deposit sportsbooks include Skrill, Venmo, and PayPal. Besides the above, other reasons to consider e-wallets include:

Pros 

• Instant transactions 
• Accepted at most betting sites
• Low minimum withdrawal limits 
• Keeps your banking information safe

Cons 

• Some may not be available to use at most sportsbooks
• E-wallets may have bonus restrictions, e.g., skrill is commonly restricted in claiming bonuses

Online Bank Transfer 

While it’s not the go-to payment option for many, online bank transfers are hassle-free and easy to carry out. One of their biggest upsides is that they eliminate the need for third-party providers to make transfers. 

Sportsbooks tailored for the US let you use this for both deposits and withdrawals, so you never have to turn to another payment option once you use this. Still, they’re bogged down by lengthy payout times, as you’ll see below.

Pros  

• Large transaction limits for deposits
• No 3rd party modes of payment to worry about 
• Accepted at most sportsbooks 
• Secure payment option 

Cons 

• Withdrawals can take time – Up to 5 business days or more

Prepaid Gift Cards (Vouchers)

If you prefer the method, prepaid gift cards are one way to make payments at US online sportsbooks. It is a convenient payment option for bettors with cash (physical) to spend, plus the added benefit of staying anonymous—as no personal financial information is required. 

Even so, there are some caveats, as shown below.

Pros 

• You don’t have to share your banking information 
• Safe payment method 
• Eligible for bonus rewards 
• Instant transactions 

Cons 

• Can only be bought at sales/retail outlets
• No option to withdraw 

Top tips for finding a great betting site with a low minimum deposit

There are plenty of sites to choose from online, whether you want to play pre-match bets or stick to live gaming options. Finding one that suits your needs just right can be hard. This is especially true for bettors who would prefer a low minimum deposit.

There are a lot of factors you need to navigate before settling on a betting site that truly matches your betting style. Here are some key features to look out for:

• Banking options: Check the site you pick to see whether your preferred banking option is available. Be sure to check whether it is eligible for bonus rewards while you are at it.
• Bonus rewards: Make sure you get the best deal for the money you wish to deposit before you decide on a site to sign up for. Look through the available deals, and be sure to check the fine print as well.
• Online reviews: One way to understand how the site you would like to join works in the real world would be to check what other bettors have to say. Review sites like TrustPilot are worth checking out. You should also check our reviews to see what our experts have to say about your preferred sportsbook.
• Betting options are available: This should be among the first things you check once you get to the site. Look through the homepage to see what sporting disciplines you can wager on and the betting markets you get.

Betting tips and strategies for betting on a budget

Betting on a budget is one way to enjoy your time at a sportsbook. You bet within your means and always take the losses in stride. A betting strategy that keeps you grounded will be of great help when you have to remain within your budget:

• Set limits: Betting sites offer different kinds of features to help you manage your budget. Setting account limits for how much you can wager in a day and how much you can deposit is a great place to start. You should also have cool-off times if your betting site offers these.
• Never chase your losses: Chasing losses can happen when you miss out on bets you were banking on to win. However, you should not fall into the temptation of following lost bets up with more wagers to regain the lost bankroll. You will likely make the wrong calls when you bet under such duress. The better thing is to take some time to cool off.
• Watch your bets: Keep track of your bets so that you know how much bankroll you are using. It is easy to lose track of how much you are spending on bets, especially if you like playing singles. Keeping in mind how much you can wager in a day is a great way to manage your bankroll.
• Use the unit system to manage your bankroll: The unit system has been known to work quite well when trying to get a return from your bets. This essentially needs you to break down your bankroll into units out of 100%. The rule of thumb is to take units of between 1% and 5% from the original bankroll and use this as the standard wager amount on all your bets.

FAQs

Can I claim bonuses on minimum deposit betting sites?

Yes, minimum deposit sportsbooks offer bonus rewards to new and returning bettors.

How long does it take to cash out my winnings at low-deposit betting sites?

Low-deposit betting sites let you access your winnings fast, but this depends on your banking method. Digital wallets like Skrill have instant withdrawals, which most betting sites offer.

Do I have to compromise my betting experience when I play at low minimum deposit sportsbooks?

No, online sportsbooks that take a low minimum deposit offer top-of-the-range services. You also have big-name brands letting bettors sign up with low minimum deposits.

What’s the biggest advantage to low minimum deposit betting sites?

The biggest advantage to wagering at betting sites with low minimum deposit requirements is that you don’t have to break the bank to make money on your picks while still enjoying the standard bonus rewards.

Why do the minimum withdrawal limits change between banking options?

The minimum withdrawal limit may change as you change between payment options and betting sites due to transaction fees. Others may be arbitrary limits set by the sportsbook that do not affect the payment option or fees that you pay on transactions.