When it comes to gambling, there are many different types of people. Some love to take the attitude of ‘go big or go home’, whilst others are much more conservative in their approach. There is no right or wrong way to gamble, as long as you obey one simple rule: bet within your means. Never spend more than you can afford to lose and you should be ok.
Some people will always be able to afford to lose more than others, but that doesn’t mean that you should try to keep up with them. Betting with low stakes doesn’t mean that you’re having less fun, so figure out what you can afford and use that as your starting point. There are also plenty of excellent bonuses around that you can still get access to with low stakes, so you’re not missing out on anything.
Best £5 Minimum Deposit Betting Sites
If you’re just looking for a general place to deposit a fiver, then you can’t go far wrong with any of the below. To help narrow down your choices we’ve also included their minimum withdrawal and what products they offer.
Advertiser disclosure - some of the brands listed in the table may feature affiliate links which result in payment if you sign up. #ad.
|Site||Products||£5 Deposit Methods1||Min Withdrawal2||Visit|
|Sports, Casino, Bingo, Poker||Debit Card, PayPal, Skrill, Neteller, Paysafecard||£5||Visit Betfred|
|Sports, Casino||Debit Card, Skrill||£10||Visit BetVictor|
|Sports, Casino, Bingo, Poker||Debit Card, Skrill, Neteller, Paysafecard||£0.01||Visit Coral|
1. Only deposit methods with a minimum of £5 or lower are listed. Other methods with higher minimums may also be available.
2. The min withdrawal figure listed in the table refers to debit card transactions. Actual minimums will vary by method.
Bonuses & Sites By Product
For many people the draw of the bonus is one of the main reasons why they bet online rather than in person. And just because you’re betting with small stakes doesn’t mean that the bonuses have to be small – we’ve seen £20 or more given on deposits of just £5 for sports betting, casino, slots and bingo. To see a list of bonuses, just choose your game from the list below.
Betting sites will always have a minimum amount of money that you’ll be required to put into your account. Whether you’re wanting a cheeky bet on the football, a quick bit of bingo or to witness the spin of a roulette wheel, the same rule will apply across the site you’re using as it’s all about how much they need you to deposit in order for them to avoid paying any banking fees etc.
Most of the time the minimum deposit amount will be £5, though some sites require as much as £10 for your deposit to be processed. It’s also important to bear in mind that that amount is for debit card deposits, so other forms of deposit might require more. Modern payment methods such as PayPal, PaySafeCard or NeTeller usually ask for a larger deposit amount.
|Method||Average Min Deposit||Average Min Withdrawal|
|Debit Card||£5||£5 to £10|
|PayPal||£5 to £10||£10|
|Skrill||£5 to £10||£10|
|Neteller||£5 to £10||£|
* The average figures given in the table above are taken from a sample of betting sites and meant for guidance only. Actual deposit methods and minimums will vary by site.
** Paysafecard is a cash voucher based system that many betting sites aren’t able to use as a withdrawal method. In this case you’ll need to use an alternative method.
Again, when it comes to making deposits don’t feel the need to push yourself beyond where you feel comfortable. If you can’t afford to lose much more than £20 then don’t put more than £20 into your account. Start with a small amount and you can always work your way up if you think it’s worth it.
You’d be forgiven for thinking that if the minimum deposit is £5 then the minimum withdrawal would be the same amount, but you’d be wrong. The vast majority of betting companies have a higher withdrawal figure attached to their banking rules. This usually sits at around the £10 or £20 mark, though it can differ widely between companies.
That’s not to say that there are no companies out there that won’t let you withdraw £5 if that’s what you had to deposit. It’s just not all that common for that to be the case, to be honest. If you’re interested to know then make sure you check out the banking conditions, which sites always give you access to even if you haven’t yet signed up with them.
Whilst we’re talking about withdrawals, it’s worth remembering that you normally have to withdraw via the same method with which you made your initial deposit. Again, that’s not set in stone but most sites will ask you to ensure that you’re depositing and withdrawing the same way. If you’ve lost your debit card or anything like that then just get in touch with the site.
Big Bonuses For Small Deposits
It’s natural to assume that if you’re only making small deposits then you’ll only be allowed to get small bonuses, but that couldn’t be further from the truth. The important thing to remember here is that bonuses are a tool to encourage you to sign up, so the best sites on the market don’t want to put you off by making you think that you’ve got to spend big if you want to receive a large bonus.
It’s also the case that the vast majority of betting sites will offer you different types of bonus for your deposit depending on which of their services you want to use. Bingo users will be on the receiving end of entirely different bonus offers to sportsbook users, for example, so make sure you shop around to find the deal that presents you with the best bang for your buck. Unless there’s a specific website that you want to be with for some reason, look for the one with the best bonus.
Examples of decent bonuses for a £5 deposit include the following:
- Sports Betting: £20+ Free Bet – some even offer £30 or more
- Casino: £25+ Casino Bonus – lots also offer free spins on any qualifying deposit
- Bingo: £25+ Bingo Bonus – there are also larger bonuses that combine bingo and slots
As you can see, there are a wealth of options when it comes to the sort of free bets that you can expect to take advantage of, depending on whether you’re looking to bet via a sportsbook, a casino or a bingo site. As well as offering you the opportunity to bet on what you want to bet on, it also allows you to have a go on something you might not otherwise have tried.
When it comes to using bonuses, always make sure that you read the small print. Some bonuses will require you to meet a certain wagering requirement, for example, meaning that you’ll need to bet your deposit amount and the bonus amount a given number of times before being able to withdraw any winnings. Other times you can simply use the bonus money, so you won’t lose any money if your bonus bet loses but you will win some if it wins.
What Else Can £5 Get You?
If you haven’t got a lot of disposable income then £5 can seem like a large amount of money. Yet when you sit and think about what else you’d happily spend £5 on without really thinking about it, you soon realise that it’s a decent enough figure to consider using as a deposit for your betting site of choice.
Head to an online shopping site, as an example, and you’d be able to buy yourself anything from a mouse mat to a pair of headphones via an HDMI cable and a Funko Pop vinyl figurine. If you wanted to get yourself a tempered glass screen protector for your mobile phone then you could, to say nothing of a spare charger depending on what kind of phone it is.
If you wanted to pop out to a famous coffee shop that has as astronomically-based name then £5 could buy you a couple of coffees or a hot chocolate and a biscuit. At Blackpool Pleasure Beach you could have a go on the Avatar Airbender for £5, or two goes on the Alpine Rally and still have a pound to spare. The Red Arrowe Skyforce ride is a fiver a go, too.
In short, then, £5 can be spent on any number of frivolous things, so it’s not a huge amount of money as long as you’re not living on the breadline. It always comes back to the same point of only ever spending what you can afford to, but on a gambling site with decent bonuses £5 can go a long way.
There’s a reason why the message from most gambling sites in recent years has been ‘when the fun stops, stop‘. Gambling should never be something that you’re addicted to, throwing good money after bad as you attempt to dig yourself out of a hole that you’ve got into by losing money.
Gambling responsibly is really important, because the second you stop doing that it ceases to be an entertainment thing and becomes something more serious. There are plenty of ways to ensure that things don’t get out of hand for you, so it’s important to make sure that you take advantage of them if you feel that that’s something that might happen.
There are countless charities out there for people with gambling addictions, with all UK-licensed brands required by law to comply with GamStop. That is the country’s online self-exclusion scheme, which allows you to restrict your gambling activities online. By signing up for self-exclusion you can stop yourself from being able to gamble for a set length of time.
Even if you don’t feel that you need to influence of a charity to help you with your gambling, there’s nothing wrong with opting to take advantage of some of the services offered by the various betting sites. They’ll all allow you to put a deposit limit on your account, for example, that will stop you from being able to put more than a certain amount of money into your account over a certain amount of time.
Betting sites take their responsible gambling duties very seriously, so ensuring that you find out what they offer and what you need to do to take advantage of them can be a big help. You can choose to exclude yourself from your account for a short period of time if you think that will help you get a grip on things. All in all, just make sure that you know what options are available to you and ensure that you use them if you need to.