Your Guide to Minimum Deposit Betting Sites in Canada

The Canadian legal betting market may be smaller than the US, but with Ontario legalizing online betting, things are looking up for bettors in other provinces. Following the legalization of online sports betting, the Alcohol and Gaming Commission of Ontario has put in a lot of work to grant bettors access to the best gambling sites available. Betting in Canada doesn’t have to be expensive with these minimum deposit sportsbooks & betting sites.

There are currently 28 licensed sports betting operators in the province, and these sites offer easy entry through low minimum deposits. The minimum deposits for each Canadian betting site vary, and this guide will paint a clear picture of the best low deposit sites available.

In addition to our selection, we compare the best sports betting sites in Canada, identify the payment options you can find, and give tips on making the most of your minimum deposits.

After going through this guide, why not pick your first low deposit betting site in Canada for your Toronto Raptors or Toronto Maple Leafs sports betting activities?

5 Best Canada Minimum Deposit Sports Betting Sites in 2023

Betting sites are a lot more than just minimum deposit options, so when compiling our list of the best minimum deposit sports betting sites in Canada, we consider several factors.

These include betting market coverage, betting options, payment methods, safety, odds, and licensing of the sites.

In addition to the sports bet option, these sites also offer online casino games.

Many sports bettors usually look for a C$1 minimum deposit site in Canada, but if you want to play on safe and legal sportsbooks, then you won’t find Ontario betting sites that offer this option.

However, we do have a few great sites that support C$5 minimum deposits and others with a slightly higher minimum deposit of C$10, including:

1.🥇DraftKings ON Sportsbook

Although many Canadian bettors were disappointed with DraftKings shutting down its daily fantasy sports services, the operator has continued to offer its excellent services through its real money betting platform. Riding on its success in the US market, the operator has quickly become a household name in the province.

One of the few positives of the DraftKings CA sportsbook is its C$5 low deposit option. The site also has great deposit options, allowing you to fund your account using debit/credit cards, online banking, electronic gift cards, and PayPal.

DraftKings offers a great selection of betting markets, including baseball, basketball, boxing, football, e-sports, hockey, lacrosse, handball, tennis, soccer, and more. You can enjoy live in-game bets on the site, or stick to the spreads, totals, moneyline, props, and future bets.

2.🥈PointsBet ON Sportsbook

PointsBet sportsbook is one of Canada’s best minimum deposit sports betting sites, offering players a chance to go as low as C$5 with their deposits. This minimum deposit applies to PayPal transactions, and players must deposit at least C$10 for other payment options it supports, like Interac and bank cards (Visa and Mastercard).

The site also supports low withdrawals from C$5 and doesn’t place a limit on the maximum withdrawal amount. If you have issues with your transactions or any other service on the PointsBet platform, you can connect with the support team via live chat, phone, or email.

If you’re into mobile sports betting, PointsBet has an Android and iOS app for download, or you can visit the site via a mobile browser.

The sportsbook has a license from the Alcohol and Gaming Commission of Ontario and is only open to players who are 19 or above. If you meet the requirements to place wagers on PointsBet, the site offers access to more than 15 betting markets, including:

• Soccer
• Football
• Hockey
• Golf
• Tennis
• Volleyball
• Basketball
• Baseball

This betting site caters to different preferences by offering moneyline bets, totals, spreads, props, live betting, and parlays. A unique Name a Bet option is also available to players who visit the site.

3.🥉BetRivers ON Sportsbook

BetRivers is another top online sports betting operator with a solid track record in the US market that now offers its services in Canada. The site’s live streaming and live betting options are enormous additions for Canadian bettors, and its C$10 minimum deposit makes it a budget-friendly option in the province.

With many banks still restricting online gambling transactions on their cards, BetRivers offers a Play+ card option that lets you overcome this issue. BetRivers will allow you to complete your transactions using online banking (ACH), wire transfer, Interac, and debit/credit cards if you prefer other payment options.

The BetRivers sportsbook has over 25 betting markets available, and you can find popular markets like:

• Hockey
• Football
• Tennis
• Soccer
• Basketball
• Lacrosse
• Volleyball
• Formula 1

Other less popular markets like Jai Alai, Snooker, Netball, and eSports also make it to the BetRivers site. You can find competitive odds on this sportsbook, and sometimes, even better odds with the house specials that offer enhanced odds.

To make your bets on BetRivers, you can use the totals, props, futures, moneylines, teasers, and pleasers, and parlay betting options.

Rush Street Interactive runs BetRivers Ontario, and the operator has a great reputation for offering excellent customer support. On its Canada betting site, you can get help using its FAQ section, live chat, or email option.

4. BetMGM ON Sportsbook

BetMGM boasts of being king of sportsbooks, but it still has much to prove in the Canadian betting market. It currently offers a minimum deposit option of C$10 and supports trusted payment options, including:

• Interac
• PayPal
• Apple Pay
• Debit/credit cards (Visa and Mastercard)

Once you fund your BetMGM account, the sportsbook lets you place wagers on your favorite sporting events with access to up to 28 top betting markets. BetMGM is an official sportsbook partner of the National Football League (NFL) in Canada, making it an excellent place for NFL football betting.

However, you can also find competitive odds in other betting markets like hockey, basketball, soccer, baseball, cricket, boxing, lacrosse, and many more. Following a similar pattern as many of the top Canada sports betting sites, BetMGM offers spreads, totals, moneyline, parlay, props, futures, and live betting options.

Other unique features include the Edit My Bet option and early cashout feature, which is excellent for players who prefer the live betting option.

BetMGM also has a live streaming service on selected events to support its live betting services. This is another operator with a decent sports betting app in Ontario as an alternative to its mobile website.

5. FanDuel ON Sportsbook

FanDuel is another top sportsbook operator with a solid background in the US that now operates in the Ontario betting scene. It’s one of the few sites we expected to offer C$5 minimum deposits, but it currently supports a C$10 minimum for Ontario bettors.

Nonetheless, the operator still offers outstanding betting services and payment options for bettors in Canada. Once you complete your FanDuel account, you have the opportunity to fund your account using the following:

• Interac
• PayPal
• Bank cards

Unfortunately, FanDuel has a limited selection of payment options compared to other sites like DraftKings Ontario. To compensate for the poor offer in this area, FanDuel goes all out when it comes to betting markets.

There are over 15 markets on the list, including Hockey, Lacrosse, Basketball, Baseball, Football, Soccer, and more.

Why These Ontario Minimum Deposit Betting Sites?

Our selection of minimum deposit betting sites in Canada are based on our assessment of various areas, including:

Minimum Deposit Amount

The first factor we consider before selecting a site is the minimum deposit it offers. Ontario betting sites that accept C$1 minimum deposits are rare, so many of the options on our websites include sites with C$5 and C$10 minimum deposit amounts.

Payment Options

The Canadian betting market has access to a large selection of payment options, and we see no reason an online betting site should restrict its options. Our selection focuses on sites that offer top Ontario payment options like Interac and other options like bank cards, e-wallets, bank wire, bank transfers, and more.

Although Cryptocurrencies are gaining attention in the gambling market, not many Ontario sites accept them now. We recommend you focus your betting strategies around Interac and other standard options you can find on most sites in Ontario.

Licensing & Security

For a betting site to make our list, it must have the necessary licenses to operate in Ontario. iGaming Ontario has a dedicated page on its website (https://igamingontario.ca/en/operator/operators), which provides a list of all licensed operators. Ontario has 28 licensed sports betting sites, so you have several legal options to place your bets.

We also pay attention to the security features of any website we select. These include using encryption technology, SSL certificates on the site, and more.

Minimum Withdrawals

The minimum withdrawals in Ontario vary depending on the betting site, and this value can go from C$1 to C$20 or more. An online sportsbook with low minimum withdrawals is the best since it lets you stop betting when you feel your funds have gone too low.

If you play on sites with C$15 minimum deposits, you may occasionally need to force specific bets to boost your bankroll to a withdrawable amount. This action usually isn’t great since it exposes you to potential losses.

Apps and Betting Markets

Mobile betting is now a standard feature on sports betting sites, so we focus on sites that offer this service. We ensure our picks offer a functional Ontario sports betting mobile app for Android and iOS bettors.

Our selection of minimum deposit sites also gives you access to many sports betting markets, including hockey, soccer, football, basketball, golf, and other less popular markets.

Promotions on Low Deposits

Ontario regulations prevent us from providing in-depth information on promotional offers, but you can learn more by visiting any betting site that gets your attention. You should note that their promotions usually apply to their minimum deposit amounts. However, always remember to go through the terms and conditions for any updates.

Comparing Canadian Betting Sites with Low Minimum Deposit Limits

Canada Betting Sites without a Minimum Deposit

Sites without a minimum deposit in Canada typically refer to those offering no deposit free bets to players. A no deposit free bet implies that the betting site will give you free bets that you can use to place wagers on any sports you like. This is often a reward for registering on the site; you can claim it before making your first deposit.

If you want a free bet in Canada, you must visit various betting sites to review their offers. We cannot offer more information on this topic due to regulations in the Canadian  betting market.

Getting Started with a Low Deposit Betting Site

To start using a low deposit betting site in Canada, you must have an account. All sites have a straightforward registration process, and you can complete your sign up in less than five minutes. Take these steps to create your Canada sports betting account:

1. Visit the sports betting site (e.g. https://on.pointsbet.ca/ or https://sports.on.betmgm.ca/en/sports), depending on the platform you choose to play on.
2. Click on the register, sign up, or join now button. This button is usually at the top-right corner of the screen.
3. The registration form usually has two to three pages that you must complete with the necessary details.
4. You need to provide your name, email address, DOB, gender, residential address, password, and promo code.
5. Accept the various terms and conditions on the site.
6. Submit the form and complete the verification process.

Canadian sports betting sites will only let you access the account after completing the verification process. This process involves uploading identity documents, Social Insurance Number, and selfies. You must also be 19 or above to place bets in Canada legally.

If your verification is successful, you will gain full access to your sports betting account and can now make your first minimum deposit.

How to Make Your First Deposit for Betting

After completing your account setup, you must fund your account to place your first bet. Here are the steps you should follow to complete this process on any betting site:

1. Log in to your sports betting account.
2. Go to the deposits section of the site. Some platforms have a “Deposit” button on a dropdown menu, while others require players to open a ‘Payments‘ tab to access the deposit option.
3. On the deposit page, you will find a list of the payment options available on the site.
4. Pick a payment option and follow the on-screen prompts.
5. Some sites let you provide a bonus code when making your first deposit, so keep your eyes open for this field.
6. Complete the transaction and place your first bet.

The various payment options on minimum deposit sites offer instant deposits, so you won’t need to wait long before the funds get into your account.

Verification Process and Withdrawing Winnings

Having fun and growing your bankroll are your primary goals on a sports betting site. Once you accumulate a decent amount of winnings, you can proceed with a withdrawal. However, Canadian betting sites require verification to complete your first withdrawal.

To start the verification process, you must initiate a withdrawal on the site, and here is a rundown of the withdrawal process:

1. Click on the ‘Withdraw’ button on the site.
2. Select an option for withdrawal. Most sites make players use the same option for deposits and withdrawals, and the withdrawal account must match your account name on the site.
3. Enter the amount (must meet the minimum withdrawal) you want to withdraw and proceed.
4. The site will ask you to complete verification at this point. A means of identification and utility bills are the basic requirements for completing most verifications.
5. After verification, your payout will be processed and shown to be pending.
6. Wait 1-5 business days to receive your payout.

Low Deposit Banking Methods in Canada

Finding the best low deposit betting site is only great if it has a trustworthy banking method. Thankfully, the sites we list in this guide have more than one of these options.

It doesn’t matter if you want to fund your betting account or withdraw your winnings; Canada sportsbooks have you covered with safe and fast payment options. Some of the standard payment options you find on Ca small deposit betting sites include:

Interac

This is one of Canada’s most popular payment options, and many individuals trust it. Most betting sites in Canada offer this payment option for instant deposits with low minimum requirements.

Transactions you complete with Interac are safe, and you can use this option to avoid providing your full banking details to online sportsbooks.

Bank (Credit/Debit) Cards

Credit/debit cards have always been the most common payment option for online gambling, but their use is restricted in Canada. Using bank cards in Canada can be stressful since many banks block any transaction you make on gambling sites.

However, if you use a Visa or Mastercard debit/credit card, you may find alternative ways to complete your payments. For example, you can get a card like the BetRivers Play+ card that you can fund without issues. You can then use this Play+ card to fund the sports betting account.

E-Wallets

Virtual wallets are commonplace in the online gambling industry since they support fast transactions and don’t require players to share their banking information. Some popular e-wallets include PayPal, Skrill, and Neteller.

The issue with e-wallets includes fees on either deposits or withdrawals and unavailability on some betting sites. Although this option is very popular in other countries, Canadian bettors prefer Interac payments.

Online Transfers

Another excellent option for funding your minimum deposit betting account in Canada is a money transfer. Several operators enable this service for sports betting, including Instadebit and iDebit.

These options let you connect a bank account and then make direct payments to your sports betting account. Although they operate like e-wallets, online transfer services don’t have a wallet you can fund. Platforms like Instadebit act as a middleman to ensure your bank does not reject the transactions.

Prepaid Vouchers

Vouchers are great for funding betting accounts and best for players who want to protect their banking details. With this option, you can purchase vouchers from C$10 to C$250 to fund your account.

Paysafecard is the popular option in this category, and it offers one of the easiest deposit methods on sports betting sites. However, it has a huge flaw – it doesn’t support withdrawals. You’ll have to turn to alternative payment methods if you need to withdraw your winnings.

Bank Wire Transfers

The reliable old bank wire method is still available to Canadian sports bettors. With this option, the safety of your funds is assured.

To complete a bank wire transfer, you can visit your local bank branch or stay at home and use the online option. Unlike all the previous options that require a third party, bank wire transfers don’t. However, this doesn’t automatically make it better since you still have to pay fees, and transactions take longer to process.

The significant benefit of bank wire transfers is that you can make large deposits, which is not essential for minimum deposit bettors.

Cryptocurrencies

Bitcoin and other cryptocurrencies are accepted on some betting sites, but you may only come across them on some minimum deposit sites you visit. However, it’s great to know that digital currencies are recognized in the province.

Tips for Low Deposit Betting

Low deposit betting sites carry the same risk as any other betting platform in Canada, and if you think otherwise, you’ll get burned. Whether you’re based in Toronto or elsewhere in Canada, apply these tips during your betting sessions to avoid issues while betting:

Look for Sites with Great Odds

The sportsbooks we cover in this review are great for low deposit options and offer excellent odds. Each operator is always trying to outdo the other, and it’s common to find enhanced odds on specific betting markets depending on the site you visit.

You must compare the odds on various betting sites to determine the operator with the most competitive option. However, you should note that while an operator may offer the best odds on hockey, they may not be the best for football bets. To avoid throwing away money, it’s crucial you assess a sportsbook based on the market you intend to bet on.

Only wager on legal sportsbooks

Despite the short history of legal online sports betting in Canada, the AGCO (Ontario’s regulatory body) has done its best to license many of the best Canadian sports betting sites available. You currently have 28 different sportsbooks operating in the province, so there is no reason to place bets on offshore sites.

Only use Parlays when you have an Advantage

Parlay bets are attractive to low deposit bettors since they provide a chance for a quick bankroll boost. However, parlay bets are usually difficult to win, and the odds are not that great in many instances.

If you must place a parlay bet, you should only do so when you have an edge. For instance, if a sportsbook has risk-free insurance on its parlays, this is a great time to try your luck.

Remember to create a budget and stick to it

This should be your anthem as an online gambler since it applies to sports betting, online casinos, and even your daily activities. Creating your budget is a responsible gaming habit that can help you plan your deposits, preventing you from making more deposits than necessary.

Avoid Betting Under the Influence

Betting and alcohol don’t mix; it doesn’t matter if you use minimum deposit sites. If you know you’ve had too much to drink, please avoid online betting sites.

Get Tips from Betting Communities

As a smart bettor, you should get as many tips as possible from other experienced bettors. There are several places where you can find sports betting tips, including Twitter, Reddit, and more. With the right betting tips, your minimum deposits can turn out decent earnings.

Always Do Your Research and Trust Your Deductions

Although it’s great to get insights from other bettors, this should differ from your research. Anyone can have an opinion about a team and their players – sometimes, these opinions are based on emotions.

Regardless of what the ‘experts’ say, you must always draw conclusions from analysis and research.

FAQ’s