Written by:
Damjan Jugovic Spajic
Fact checked by:
Paul Ricci
Updated:
February 6, 2024

Best C$5 Sportsbooks in Canada 2024: Deposit C$5 Minimum & Bet

Best C$5 Sportsbooks in Canada

C$5 minimum deposits in Canada are not easy to come across, especially not for offers that include a welcome bonus. Players should be cautious with low deposit offers seen in ads or search engine results because these may come from unreputable operators. 

Our betting experts have taken the long route to find $5 betting sites in CA from reputable brands that are licensed by a government authority. Although the norm for new signups is C$10, there are several venues that do offer low deposit promos for registered players.

Read on to discover excellent Canada sports betting bonuses and key details to consider.

C$5 Canadian Betting Sites – a quick look

📖Betting Site💵Minimum Deposit Amount🎁Welcome Bonus💳Banking Options⭐Our Rating
NeobetC$10100% Match Up to C$400Visa, MasterCard, online banking, Interac, MuchBetter, etc.4.7/5
UnibetC$20100% match up to C$50 + C$10 free betVisa, MasterCard, Skrill, NetEller, ecoPayz, Paysafecard, etc.4.5/5
LeoVegasC$10Up to C$1000 and C$30 in free bets.Visa, MasterCard, MuchBetter, Interac and Interac E, etc.4/5
BonusBetC$10100% up to C$135Visa, MasterCard, Skrill, Interac, AstroPay, MuchBetter, Flexepin, Jeton, EcoPayz, etc.4/5
BetwayC$10Up to C$200 free bet + 50 bonus spinsVisa, MasterCard, Interac, MuchBetter, EcoPayz, Paysafecard.4.7/5
CasumoC$10100% up to C$1500 + 200 bonus spinsVisa, MasterCard, Interac, MuchBetter, Paysafecard, EcoPayz4.3/5
31 BetC$10100% up to C$500Visa, MasterCard, Neteller, Skrill, Sofort, Astropay, Interac, Paysafecard4/5

Top C$5 Online Betting Sites in Canada Reviewed

Most sportsbooks don’t provide a full welcome bonus, but signing up at the best C$5 deposit betting sites in Canada still comes with some advantages. We look for licensed companies that provide customer support and outstanding promotions on a regular basis. Even if your first deposit is C$10, subsequent promos may entail solid offers for a low C$5 deposit.

🥇Neobet – 100% Match Up to C$400

Neo.bet is available to sports bettors in Canada owing to its MGA license and solid international reputation. You can take your pick from more than 2000 sporting events each week across 30 sports.

One of the chief extra features is the bet combiner that allows you to play it safe and win money, even if one of the “or” bets goes south. If you enjoy live betting like our crew does, neo.bet’s bet configurator lets you combine “or” wagers in games as they unfold.

Happy to say, this is an excellent sportsbook that comes close to the C$5 minimum deposit sportsbooks Canada that we are interested in. The fact of regular odds boosts (marked by a red rocket) is there to enhance your top soccer league bets.

Your point of entry in neo.bet is our link which is for a 100% match bonus for up to C$400. The minimum deposit is C$10 which puts at your disposal potential winnings with a low, 5x wagering requirement.

Thankfully, neo.bet is not fussy about the expiration period. Whereas some operators constrain you with seven or ten days, neo.bet gives you 100 days in which you can enjoy your bonus money on 1.5 minimum wagers.

✅Pros❌Cons
Virtually, every sportFew payment methods
Excellent welcome bonusScanty on promos
Low (5x) bonus WREsports streaming only
Fast customer support
Odds booster

🥈Unibet – Solid Welcome Bonus and Free Betting Opportunities

Unibet is a huge platform with more than 30 categories, including politics and pop culture. Of course, we are here for the sports and hands-down, Unibet has got you covered with anything from football, to UFC, snooker, surfing, esports – you get the gist!

Talking about low and C$5 deposits in Canada, how about free bets? Unibet provides free bets regularly in a special tab on the sportsbook terminal. Additionally, they have a robust promo outreach via email where you will find many attractive low deposit offers.

A welcome bonus for a 100% match on your deposit for up to C$50 plus C$10 in free bets will avail you of pleasing odds. The bonus is good for bets 1.40 or more and winnings can be withdrawn after clearing a 6x wagering requirement within a period of 30 days. 

And you can rest assured that the website provides professional customer support and has a Malta government license.

✅Pros❌Cons
Reputable operatorC$20 First deposit minimum
Offers more than sportsWithdrew Ontario license in 2023
Competitive odds
Prop bets
Live event streaming

🥉BonusBet – A low C$10 Deposit and a 100% Match

You shouldn’t rule out BonusBet based on its purple layout. The Malta-licensed sportsbook and casino is as solid as they come, with more than 20 sports to choose from.

The operator covers all the major soccer, hockey and basketball leagues in addition to sports that are less favorite to Canadians but still fun to bet on, like handball, waterpolo, table tennis and more.

Our pro bettors found specific game odds that fare better compared to some of the other sportsbooks on this page. It’s up to the patron to do a bit of compare and contrast and pick those that add more value to your parlay slip.

An impressive coupon drop-down reveals lots of additional betting options at a glance. Like some other, but not all sportsbooks, BonusBet has an early payout option if your team is two goals ahead on a full-time outcome.

You can access a chock-full catalog of sporting events with a minimum deposit of C$10. The bonus match on your deposit is for up to C$135, just note that you have 14 days to use your bonus funds. There are other notable features, like getting your money back if your soccer game ends in either a half time or full time nil-draw.

✅Pros❌Cons
Has multiple ongoing promosLimited streaming options
Lower than typical wager requirement of 5xC$20 minimum withdrawal
Bet builderC$7000/month withdrawal cap
Coupon bets
Multiple CA payment options
Subs as an online casino

🎖️LeoVegas Sports – Up to C$1000 Bonus and C$30 in Free Bets

Upon first look it seems that the LeoVegas sportsbook is focused on a limited range of sports. It does take a few clicks to reach the full range to reveal the list of more than 20 sports. After all, this is a much-awarded operator, licensed by the MGA.

LeoVegas’ website lets you pick your favorite sports and leagues so that you don’t have to sift through a multitude. You will discover the LeoKing feature which is free and rewards the top bettors with a jackpot prize.

This is among other perks, like giveaways, Profit Boosters for up to C$1000, and more. Happy to say, this is available to new and existing players. To open an account you can deposit as little as C$10. Some email promos do include C$5 minimum deposits for Canada. 

The welcome bonus can liven up your account with up to C$30 in free bets and up to C$1000 from three deposits. Of course, you can only claim one deposit bonus and still enjoy a full sportsbook and features.

Few notable details: the minimum odds that you can play with your bonus funds, to make the proceeds eligible for withdrawal, is 1.80. The wagering requirement is 10x – a bit steeper compared to others.

✅Pros❌Cons
World-famous sportsbook10x WR compared to 6x and 7x in others
Ontario licenseWebsite has a slightly different layout
MGA and UKGC license
iOS and Android mobile app
Amazing stats terminal

🏅PointsBet – Best Low Deposit Betting Site for Ontario

PointsBet is one of the rare C$5 sportsbooks in Canada that is also licensed by the Ontario government. The website works marvelously on PC and mobile, offering a thorough view of matches, events and odds.

Its welcome bonus is all about second chance bets and a large limit at that. Key detail to remember for the bonus to work is placing fixed odds bets within a 10 day period. The minimum stake is C$0.50.

PointsBet has around 20 different spots, however, there aren’t any notable absentees. You can rest assured that popular sports are represented, including major leagues and competitions like Premier League, NFL, NBA, NHL, etc.

Some other notable features include telephone and live chat support, prominent booster odds and the amazing Name a Bet feature. The latter lets you get creative in coming up with your unique bet, which in all fairness, needs to be approved by the operator. 

✅Pros❌Cons
ON licenseFew payment options
Solid iOS and Android appLimited number of onsite promos
Name Your Bet option
Booster odds
Great welcome promo

Why Should You Play at C$5 Betting Sites?

The normal threshold for first-time depositors who are also claiming a welcome bonus is between C$10 and C$20. Even though these amounts aren’t too steep, they may appear as much to players who just want to try a few bets before deciding if the sportsbook is a keeper or not. Here are the main reasons why some players look for C$5 sports betting deposits for Canada:

Low commitment

Low deposits are welcomed by players who don’t mind using up their deposit and bonus bankroll and migrating to another venue, if the present one doesn’t feel right. Which sportsbooks are for keeps can be determined by pure whim, superstition or objective deducement such as the quality of the odds. Depositing C$5 lets you take a quick peek into the venue and leave.

Clearing the learning curve

Stepping into sports betting feels different when you have a smaller disposable bankroll for learning the ropes. C$5 minimum deposits for Canadian players is just enough to learn the different betting options without spending too much time reading some Betting 101 guide online. Simply put, C$5 is a trifle amount to spend on practical learning.

Perfect for casual and risk-averse bettors

There are those players who only bet on major sporting competitions like the Stanley Cup or the NBA Finals, Super Bowl or the Football World Cup final. Five bucks on a single game isn’t going to break your bank, but it can multiply your bet if you put together a multi-layered slip with competitive odds.

How We Review C$5 Canada Sportsbooks

As online sports betting in Canada rises in popularity, a lot of probies are scratching their heads as to which sites can be trusted. This is where our very own experts step in with decades of combined experience as bettors. The guidelines we’ve set are strenuously followed so that our readers know they are looking at a catalog of legit sportsbook reviews for CA. 

Canada C$5 Sportsbooks Compared

📖Sportsbook💵Minimum Deposit🎁Bonus Offer❗Wagering Requirement⭐Best Feature📜License
neo.betC$10100% up to C$4005xCombined betsMGA - Canada, except ON
UnibetC$20100% up to %50 + C$10 free bets6x1.40 low odds bonus requirementMGA - Canada, except ON
BonusBetC$10100% up to C$1355xCoupon betsMGA - Canada, except ON
LeoVegasC$10Up to C$1000 + C$30 free bets10xLeoKing jackpot prizeMGA - Canada, except ON
PointsBetC$5Signup funds and second chance bets0.50 min. stakeBooster oddsOntario iGaming

Bonuses available at Canadian Betting Sites

Sportsbooks with C$5 minimum deposits are few and far between in a world where the norm is C$10. The chance of finding a betting site where you can sign up with C$5 and claim a bonus is slim. Most operators require a bigger deposit to unlock the welcome bonus.

When you compare the two, C$5 sportsbook deposits in Canada versus a bigger deposit, the trade-off is obvious. The latter comes with bonus funds which can go a long way in a plethora of sports, exciting odds, free bets and more. 

Deposit Match Bonus

Welcome bonuses complement your entry with more funds. A lot of these bonuses offer a 100% match that doubles your initial deposit. Some operators add free bets, bet refunds or bet insurance to sweeten the deal.

This is the king of all bonuses because it can go far in terms of betting funds and perks. With double the funds from the initial deposit players can make more bets and take riskier wagers with bigger odds.

The best welcome bonuses are exclusive and can be claimed off our website. Simply use the respective bonus link to claim.

Reload Bonus

Usually reserved for specific days of the week, reload bonuses are part and parcel of the betting experience. Claiming one requires C$10 or C$5 minimum deposit to merit a boost to funds lower than 100%

As it usually is the case, bonus boosters can range from 25% to 50%, which is nevertheless a gain for you compared to just depositing without getting anything in return.

Reload bonuses are a regular gig on most sports betting sites in Canada. The usual place where you will find them is the Promotions tab or your email.

Cashback Bonus

Bookmakers are known to provide mechanisms that can reduce the cost of a loss. Specifically for cashback bonuses, players get a return on the aggregate loss over a period of time.

Common safety nets include 10%, 20%, 30% and in extremely rare cases, more. This bonus pertains to a specified period. It can be a single day or a week. Likewise, there is a minimum amount to wager which usually starts between C$50 and C$100.

Mistakes to Avoid when Playing at C$5 Canada Online Betting Sites

Signing up with a low deposit comes with caveats that players should consider. This is especially true regarding those rare Canada C$5 betting deposits that do come with a bonus. Many players overlook some of the key terms and conditions which validate the bonus. Here are those which are commonly overlooked by new players.

Using the wrong payment method

T&Cs are long and most people don’t read them, however, the terms that everyone should know are always included at the top. Some casinos won’t match your deposit unless you use one of the payment methods specified in the bonus description.

Betting bellow the cut-off odds

As we specify in our guide, a lot of welcome bonuses condition the bonus funds on your betting on higher odds. In other words, the sportsbook wants you to make a more daring selection than something with the odds of 1.10. Typical range for minimum odds is between 1.40 and 1.60.

Missing the expiration period

Casino and sports betting bonuses need to be used within a specified period of time. The promo period can range between operators, but generally lasts between 7 days and 30 days. Our advice is that you don’t sleep on your bonus. Make those bonus bets in time because you never know which are going to come out good. 

Pros and Cons of Playing at C$5 Betting Sites

✅Pros❌Cons
Great way to explore different sportsbooksSuch offers are extremely rare
Low commitmentLots of times low deposits exclude bonus funds
Good for novices and occasional bettorsBeware of sketchy sites when not using our website
Signing up leads to additional on-site promos

Conclusion for Canada C$5 Deposit Bettors

While low deposits like this seem like a ripe, low hanging fruit to pick, our experts have faced an important obstacle that we want to share with you. Most Canadian betting sites include a lowest accepted bet condition in the T&Cs.

If the betting requirement is 50c minimum, you’ll get 10 bets in total and no bonus funds! A far-better decision is to deposit C$10 or more and get a 100% on your funds, which will provide you with more bets and better terms

AUTHOR
Damjan Jugovic Spajic

A soccer and eSports fan who always roots for the worst possible teams, Damjan is a resident writer and contributor at Minimum Deposit Betting Sites. With over 5 years of experience in the online casino and sports betting industry, he largely focuses on writing reviews and testing out bookmaker transaction processes.