Minimum Deposit Betting Bonuses
Imagine starting with as little as $5 or $10 on a betting site and claiming a big deposit bonus that enables you to test the platform and potentially turn a bunch of bonus bets into withdrawable winnings. Ideal, right?
After going through this page, such a scenario won’t be just a fantasy; it will be a reality. We’ll lead you to some of the best sports betting sites in the US that require low deposits yet offer lucrative bonuses to their first-time customers.
What Is Minimum Deposit Betting?
Minimum deposit sports betting means you can use a sports betting site or app after laying down the lowest possible deposit. Ideally, the minimum deposit should be enough to trigger the sportsbook’s welcome bonus.
For example, a sports betting platform offers a promotion where you deposit and bet $5 and get $200 in bonus bets. This is an ideal minimum deposit betting scenario, as you’ll risk just $5 of your own money and receive $200 worth of bonus bets that you can turn into withdrawable winnings down the line.
The sportsbooks decide on the deposit limits, but most set the lower limit at $5 or $10. However, the minimum deposit limit may also differ between payment methods. For instance, a sportsbook may accept $5 PayPal deposits but set the limit at $10 for debit cards or $20 for bank wires.
When it comes to laying down bets, the limits may be even lower. You can place an individual bet of only $0.50 on most sportsbooks, but keep in mind that the first wager typically needs to be higher to trigger a “bet & get” promotion or any other welcome bonus.
Best Minimum Deposit Sportsbook Bonuses Compared
| 📖Sportsbook | 🎁Welcome bonus | 💵Minimum deposit |
|---|---|---|
| DraftKings | 20% first deposit match up to $1,000 | $5 |
| PointsBet | Up to $500 in second-chance bets | $5 |
| BetMGM | Up to $1,500 back in bonus bets | $10 |
| FanDuel | $1,000 No Sweat First Bet | $10 |
| Caesars | Up to $1,000 back in bonus bets | $10 |
| BetRivers | Second-chance bet up to $500 | $10 |
| Betway | Up to $250 back in bonus bets | $10 |
| Unibet | $100 second-chance bet ($500 for PA customers) | $10 |
| bet365 | Bet $1, get $200 in bonus bets | $10 |
| Borgata Sportsbook | Bet $20, get $100 in bonus bets | $10 |
Top 5 Minimum Deposit Bonuses
If you’re still unsure which sportsbook to go with, these mini-reviews about the top 5 betting sites and their bonuses might help you make up your mind. Take a look.
1.🥇DraftKings
- Minimum deposit: $5
- Welcome bonus: 20% first deposit match up to $1,000
Registering on DraftKings Sportsbook for the first time using our links will get you a chance to claim a 20% deposit match bonus up to $1,000 in bonus funds. The best part is that you can deposit as little as $5 but, of course, that means you won’t get as much funds. The wagering requirements state that for every $25 played on the sportsbook, players will receive $1 in bonus funds. You must meet the playthroughs within 90 days of claiming the promo but note that this offer isn’t available to MA bettors.
All you have to do is pick your favorite markets and get the ball rolling. Note that DK will only accept completely new accounts and will not allow bettors who have previously made a deposit on the site to claim this promo.
2.🥈PointsBet
- Minimum deposit: $5
- Welcome bonus: Up to $500 in second-chance bets
One of the top sportsbooks on the US market offers players the chance to claim not just one – but five bonuses! And all that with a minimum deposit bet of $5. Naturally, the player should not have a previous account on PointsBet and should be a newly registered user through our links to get this promo. The 5x$100 promo stipulates that if any of your first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you’ll get the bonus funds in the amount of the losing wagers (up to $50 each).
Note that the bonus bet winnings are not included in your payouts, meaning if you’ve won $20 on a $20 bet, you cannot cash out $40 but only $20. The promo is valid for 7 days from the moment you’ve claimed it.
3.🥉BetMGM
- Minimum deposit: $10
- Welcome bonus: Up to $1,500 back in bonus bets
Once you register on the BetMGM sportsbook platform and make a minimum deposit of $10, you can get over to the available markets and choose where and how to start your betting journey. And if that bet loses, you’ll get your original bet back as bonus funds – up to a staggering $1,500!
Rule of the thumb – you cannot withdraw any bonus bets, those are only available for further betting practices on the platform. Also, they must be redeemed within 7 days of being credited to your account.
4. FanDuel
- Minimum deposit: $10
- Welcome bonus: $1,000 No Sweat First Bet
FanDuel is now more than famous for its No Sweat First Bet deal in the sports betting world. And we couldn’t agree more. The $1,000 No Sweat First Bet is reserved for new players looking to get insured in case their first bet doesn’t win. Now, it’s up to you how far you want go – stick with the minimum deposit of $10 or aim high and get as much money back in bonus bets.
Note that the funds received in the form of bonus bets is non-withdrawable and only available for further use on the FanDuel sportsbook. Also, the promo lasts for a week from the moment you claim it.
5. BetRivers
- Minimum deposit: $10
- Welcome bonus: Second-chance bet up to $500
Similarly to PointsBet, but without the five smaller bets, new players how register on the BetRivers sportsbook platform will get their losing bets backed. The only requirement is that you haven’t deposited with BetRivers before and make a minimum deposit of $10. Your losing bets will be paid as site credit and will last for 30 days before expiring.
Note that any winnings made from the second-chance bet exclude the wagered credits.
Types of Minimum Deposit Betting Bonuses
There are a variety of bonuses you can claim with minimum deposits. When it comes to welcome bonuses, three distinct types are dominant among US sports betting sites.
Bet & Get
This common welcome offer triggers once you make a minimum deposit and make your first bet. You can usually place a qualifying wager on any market with any odds, but always check the terms and conditions to make sure. The minimum deposit and wager is often $5 or $10, and once it settles, you will receive your bonus bets, which, on some sportsbooks, can be worth as much as $200.
First Bet Insurance
Also labeled as a no-sweat, second-chance, or no-risk bet, this bonus makes it so that the sportsbook covers your first losing wager. If you win the bet, you keep the winnings as normal. If you lose, you get reimbursed in the form of bonus bets or site credit. The minimum deposit could be as low as $5 or $10. However, if you bet just $5 and lose, your insurance will also be $5, so this type of offer only pays off if you’re willing to risk more.
First Deposit Match
With matched deposit bonuses, you receive a bonus equal to a percentage of your first deposit. For instance, a 50% deposit match up to $1,000 means you can deposit $200 and receive $100 in bonus money. The minimum deposit limits for such bonuses are usually $10. Just like insurance bonuses, these offers are designed so that the more you deposit, the bigger your bonus is, so you should think about whether it’s wise to go for this type of promo if you plan on making a low first deposit.
No Deposit Bonus
The only promotion less risky than a minimum deposit bonus is a no deposit bonus. As you might expect, these bonuses are given to new customers without them having to lay down any kind of payment. You will receive your no deposit bonus funds as soon as you sign up (sometimes after using a bonus code). However, no deposit betting sites are pretty rare, and even when betting venues feature these bonuses, they do so for a very limited time, offering an insignificant amount of bonus bets or site credit.
How to Claim Bonuses With Minimum Deposit?
Triggering bonuses on minimum deposit betting sites is the easy part. Registering and making a minimum deposit works the same regardless of which online sports betting platform you’re on. To do it properly, follow these simple steps:
- Choose from the low minimum deposit betting sites listed on this page. Keep in mind that you’re free to join multiple platforms.
- Follow the link to your chosen betting site and hit the Register/Join/Sign Up button.
- The operator will ask to confirm your identity by sharing some of your personal information. Know that all licensed US betting sites require a part of your Social Security Number, but don’t worry, as all of these platforms are 100% safe and will keep your details protected on highly encrypted servers.
- If needed, type in the bonus promo code during registration.
- Once your account is set up, go to the Deposit page, pick a banking method that allows you to make the lowest deposit possible, and submit the payment details.
- In most cases, the deposit will go through in seconds.
- Do what’s necessary to trigger your bonus. With “bet & get” and first bet insurance bonuses, you must place a qualifying wager before getting the bonus funds.
Best Payment Methods for Making Minimum Deposits
Now that you know how much you can deposit to unlock betting bonuses, you only need to decide which payment method to use. Luckily, US sportsbooks offer a wide range of options, the most convenient of which are listed below.
Credit/Debit Cards
You’ve probably used a credit or debit card before to pay for something online, so you know how simple it is. You just need to type in the card number and expiry date along with how much you want to deposit, and the payment will go through in seconds. US sportsbooks usually accept all major card issuers, including Visa, Mastercard, AmEx, and Discover.
PayPal
PayPal is the world’s most popular e-wallet, with hundreds of millions of account holders. To place a minimum deposit with PayPal, you just need to enter your login details and connect your PayPal account with your online sportsbook account. From there, you can deposit money through your linked cards and bank account or directly through your PayPal balance. Remember that PayPal business accounts usually can’t be used to make online betting deposits.
Play+
Play+ is a convenient prepaid method accepted at many US betting sites. Once you fund your Play+ account, you can quickly and almost instantly transfer money into your online betting account.
VIP Preferred
VIP Preferred is an electronic check that lets you transfer money from your bank account to a sportsbook of your choice. The method is known for having sub-optimal deposit limits, but it’s swift and convenient for withdrawals.
Apple Pay
Apple Pay is designed to work with iPhones and other iOS devices. It is a virtual wallet that lets you safely store all your credit and debit cards and access them from a single Apple-based account.
In-Person Deposits
If a given sportsbook has a retail location in your area, you can head over there and deposit to your online account in person. While not super convenient, this method guarantees the safety of your funds and prevents any electronic mishaps.
Best Betting Offers for Low Deposits
| 🎁Offer | 💵Minimum deposit amount | ℹ Short bonus description |
|---|---|---|
| DraftKings’ match deposit bonus | $5 | Once you deposit just $5, you will become eligible for a 20% match deposit bonus. The maximum bonus you can receive is $1,000 |
| PointsBet’s five second-chance offers | $5 | PointsBet insures your first fixed odds bet on each of the first five days on the platform, totaling $500 ($100 per daily bet) |
| FanDuel’s No Sweat First Bet | $10 | FanDuel protects your first sports bet on the platform up to $1,000 |
| BetMGM’s second-chance bets | $10 | If you don’t win your first bet, BetMGM will cover it with up to $1,500 in bonus bets. This is the biggest first-bet insurance offer currently on the market. |
| Caesars’ first bet on the house | $10 | Similarly to BetMGM, Caesars will also insure your first wager, this time up to $1,000. |
Benefits of Minimum Deposit Betting Bonuses
- Low risk — If you’re a casual bettor used to wagering just a few dollars per bet, minimum deposit bonuses should be your bread and butter. Laying down $5 or $10 is a relatively low risk regardless of your bankroll, especially considering you’re guaranteed to get something in return.
- Trying out a new sportsbook — If you’re undecided whether a given betting site is the right fit for you, the best way to test it out is to lay a minimum deposit and grab a welcome bonus that will give you enough funds to place a bunch of wagers. Even if it doesn’t work out and you end up not liking the sportsbook, you at least didn’t spend much money.
- Experimenting with a new betting strategy — Trying out a new betting tactic is always risky, as you can’t be sure whether it will work, and it’s also possible to make a mistake. Mastering a betting strategy takes time and money, but with minimum deposit betting bonuses, you will at least minimize the risks.
- Possibility of winning real money — You can turn every sports betting bonus into real money, even one you triggered with a minimum deposit. Whether it’s bonus bets or site credit, as long as you complete the wagering requirements and other terms, the winnings resulting from these offers are yours to keep.
Pros & Cons of Low Betting Bonuses
| ✅Pros | ❌Cons |
|---|---|
| It is great for bettors with limited bankrolls | Most bonuses require bigger deposits to pay off |
| There’s very little risk involved | Not all payment methods are compatible with such low deposits |
| There’s a wide variety of bonuses you can claim with low deposits | |
| You can turn any bonus into withdrawable cash, even one that triggers off of a low deposit |
Final Thoughts
You can begin your sports betting journey on virtually any online sportsbook in the US with a deposit of just $5 or $10. Moreover, such low deposit amounts are usually enough to trigger the sportsbook’s welcome offer. There are plenty of different types of offers you can unlock with a minimum deposit, but we suggest going with the “bet & get.”
Unlike first bet insurances, which require you to lose your first wager before getting a bonus, and first deposit matches, which are only helpful if you deposit more considerable sums, “bet & get” bonuses can land you a few hundred dollars worth of bets regardless of the outcome of your first wager. Of course, always read through the terms and conditions to fully understand how these offers work and whether there are any specific rules you should pay special attention to.
FAQs
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Which betting app has the lowest minimum deposit?DraftKings and PointsBet are the only two prominent US sportsbooks that accept deposits of only $5. Most other sportsbooks have $10 minimum deposit limits.
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Who is giving bonus bets?Multiple US sportsbooks feature bonus bets, including top-rated ones like bet365, PointsBet, FanDuel, BetMGM, and Caesars. The only difference is in how they award them. For example, Borgata and bet365 have “bet & get” offers, while BetMGM and Caesars boasts a second-chance promotion and give first-time customers bonus bets only if they lose the first wager.
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What is the minimum deposit in bet365?The minimum deposit at bet365 sportsbook in the US is $10. This is also the minimum amount you must deposit to unlock the sportsbook's current welcome bonus.
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What is the minimum deposit in Betway?
The minimum deposit at Betway’s US sportsbook is also $10. With it, you will trigger the welcome offer that covers your first losing wager up to $250.
