Not all players want to go all-in on their first betting adventure. Online sports betting with a low minimum deposit is the perfect way to dip your toe in the water.
Let’s say you want to wager $10, $20, or $30 on an event. We will lead you to the best places to bet without investing much in your initial deposit.
This way, you can test new sports betting sites and see if they meet your expectations. If you like the experience, you can always come back and invest more in your second deposit.
All About Sports Betting With Low Minimum Deposits
Lowest Minimum Deposit Betting Sites: 5 Great Options
When starting in the sports betting world, finding the right sportsbook is crucial. It doesn’t matter whether you are betting $20 or $2000.
The following offshore betting sites with the lowest minimum deposit are all trustworthy and tested by our SBS expert staff.
Adding the minimum on any of these sportsbooks is a good idea if you want to test their interface and market.
BetNow: Best Low Minimum Deposit Sportsbook
You can add as little as $10 to your BetNow account via Bitcoin. If you have used cryptocurrencies you probably know the transaction is simple, and the money will quickly hit your account.
Also, there are no fees attached to Bitcoin deposits.
But if you are not about that crypto life, you can use a more traditional way. The smallest deposit via credit card at BetNow is $20.
The money will be in your account in 15 minutes max.
The great thing is BetNow allows deposits via American Express, along with the standard Mastercard and Visa.
The sportsbook has high limits and an attractive 100% Up To $1,000 bonus for first-time depositors.
You can learn more about this sportsbook and why it’s the best option by reading our complete BetNow review.
Why you should bet at BetNow
- Lowest deposit in the business
- Multiple credit card options
- Top-rated sportsbook
Bovada: Lowest Minimum Deposit in Sports Betting
Bovada comes in second place with a similar rate for a minimum deposit.
They allow a $10 Bitcoin deposit and $20 for VISA and Mastercard. However, you can’t add funds via AMEX.
What makes Bovada different from the rest of the sports betting sites on the list is that they also allow a $10 Player Transfer deposit.
That’s the lowest amount on that type of deposit option.
Bettors will get a 50% Up To $250 welcome bonus on their first deposit at Bovada.
Why you should bet at Bovada
- Lowest deposit with multiple banking options
- Known for prop bets
- Long-standing reputation
MyBookie: Great Low Deposit Sportsbook
As a brand, MyBookie has grown a lot over the last few years. They are recognized as one of the top offshore sportsbooks for US customers.
MyBookie allows players to deposit as low as $20 via cryptocurrencies, meaning either Bitcoin, Bitcoin Cash, or Litecoin.
The credit card deposits are a little higher than the first two options. They permit Mastercard and Visa deposits with a low funding amount of $45.
MyBookie offers a large variety of markets and a large deposit bonus of 100% up to $1,000.
They are a well-known sports betting site, and if you see odds you like, a $45 minimum deposit should not stop you from betting with them. They also have bonuses for every deposit amount, even the minimum.
Why you should bet at MyBookie
- Lots of promotions
- Fastest growing betting site in the last 5 years
- Competitive odds
Sportsbetting.ag: Legit Sportsbook With Low Minimum Deposit
Sportsbetting.ag is like MyBookie, with a minimum deposit with a credit card a little higher than the rest.
Here’s the deal. Because they are a sister site of BetOnline, few sportsbooks have a better reputation than Sportsbetting.ag. They are as legit as they come with fast payouts, primarily via Bitcoin.
Sportsbetting.ag lets you deposit no less than $20 with crypto money. They have what they call a Bitcoin ATM, often used if your credit card gets declined. It converts your USD into Bitcoin and then into sportsbook money.
Their credit card minimum is $55, which is not a surprise considering Sportsbetting.ag is fully committed to using crypto funds as the main source of their sportsbook banking.
They have over a decade in the industry and offer new players a 50% Up To $1,000 bonus on their first deposit.
Why you should bet at Sportsbetting.ag
- Best crypto sportsbook
- Large proposition menu
- Fastest payouts in the business
BetUS: Good Low Minimum Deposit Sports Betting Site
BetUS qualifies as one of the lowest minimum deposit sportsbooks because you can go as low as $10, but only via crypto.
Offshore sportsbooks often encourage players to deposit and withdrawal via crypto money. It’s faster and without fees.
That’s precisely BetUS intent when allowing small deposits via crypto.
BetUS offers lucrative sign-up bonuses to players, including a 100% match Bonus up to $2,500 on your first deposit.
Why you should bet at BetUS
- Aggressive promotions
- Fast payouts via crypto
- Competitive odds
Low Gambling Site Deposits: Pros & Cons
There are no right or wrong answers when deciding how much you need to invest in your first deposit.
Some prefer minimum deposit betting sites to test their platform. But some like to collect a big signing bonus by depositing a more significant amount.
Here are some pros & cons of using the lowest minimum deposit for sports betting:
Advantages Of Low Minimum Deposits
- Small investment
- Easier to try different sportsbooks
- Useful to learn the features and procedures of the sportsbook
Disadvantages Of Small Deposits
- Wasting the welcome bonus
- Little room to bet on different betting lines
- A betting loss means depositing again
Best Payment Methods for Low Deposits
If you are looking to practice online sports betting with low minimum deposits, this means you have little time to waste. You want a place that will accept your money quickly.
Credit cards and especially crypto deposits have that option. Your $10 or $20 will be in your account in minutes with any of the two methods.
But if you try a deposit via bank transfer, person to person, or any other method, the minimum deposit floor will increase.
Fees might also be a problem, and the money won’t hit your account as fast.
Bitcoin deposits or any other crypto option are often the way to go when making a small deposit on gambling sites.
If you don’t have crypto money, many of these sportsbooks will allow you to buy Bitcoin on their site with a simple credit card transaction.
You don’t have to do anything outside their betting site.
Can I Claim A Bonus With A Minimum Deposit?
You are automatically eligible for a welcome bonus when you deposit the minimum amount. Of course, you need to open a sportsbook account first.
What you need to know is the different amounts for minimum deposits. They all vary depending on the deposit method.
What a sportsbook does is double your initial deposit, although there will be some rollover requirements.
Let’s say you deposit $10. Then the welcome bonus will add another $10. You will have $20 to wager on your favorite sports.
So yes, you can claim a bonus with a small deposit.
How To Make Your First Minimum Deposit At An Online Sportsbook
Now that you have already picked a betting site and your preferred payment method, let’s take a quick look at the steps to deposit the minimum amount at a sportsbook.
Find A Trusted Sports Betting Site
Pick one of the sportsbooks we recommend. We already did the homework.
Create An Account
Fill the blanks with your real information.
Find The Banking Option
It’s usually on the top menu under the name deposits or banking.
Select A Deposit Method
Double-check the minimum deposit amount. Then, deposit the money.
Claim The Welcome Bonus
The sportsbook will give you a promo code or redirect you to where you can claim your bonus.
Start Playing
Pick your best bets and start increasing your bankroll!
Best Sportsbooks With The Lowest Minimum Deposits in 2024
Read Our Complete Deposit and Withdrawal Guide
About the Author
Alonzo Solano
Sports Analyst and Content Writer
Alonzo is a Sports Betting Analyst and casino games enthusiast who has covered Football extensively at SBS, but don’t be surprised if you read him on other sports. He's the host of the NFL Latino TV podcast.
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