£5 Minimum Deposit Betting Sites

In this article we look at the best low minimum deposit betting sites, those betting sites where you can deposit just £5 or even less. We look at the advantages of this, along with how you can use small bets to win big money.

List of the £5 Minimum Deposit Betting Sites

Bookie Bonus Licence Opinions
These places are paid by the bookies

#1 Skybet - Minimum Deposit £5

Welcome Bonus: Bet just 5p for £30 of Free bets. (T&C's apply)

Skybet are one of the UK's best low deposit betting sites and they specialize in ongoing promotions and Free bet offers for existing customers, both big and small. The minimum amount required to deposit is £5 and the minimum bet stake is just 5p! Skybet bonuses and promotions are better than most if only because they state that "Free bets valid forever", this is also true if you have a Casino bonus from them.

#2 BetFred - Minimum Deposit £5

Welcome Bonus: Stake £10 at min odds of 2 for £30 of Free bets. (T&C's apply)

BetFred has long established itself in the UK market and are a household name. They have a huge range of sports to bet on and a depth of markets for each game they cover. Regular "If" Free bet offers are available on most sports every day of the week.

#3 Betfair - Minimum Deposit £5

Welcome Bonus: £20 Free bet on every five £20 qualifying bet settlement, up to £100 in Free bets. (T&C's apply)

Betfair have one of the largest ranges of payment methods for a customer to choose from, and the payment amounts are flexible too with £5 being the minimum deposit amount. If you are looking for the best odds on the most markets, then the Betfair exchange is the place for you.

#4 StarSports - Minimum Deposit £5

Welcome Bonus: Changing regualrly they have a generous "refund if" Free bet offer most of the time. (T&C's apply)

StarSports are one of the fastest growing UK bookmakers opening new stores across the UK at rate of knots. The online site also continues to go from strength to strength and although there are not many payment methods accepted deposits can be for as little as £5.

#5 Ladbrokes - Minimum Deposit £5

Welcome Bonus: Bet £5 at min odds of 2 for £20 in Free bets. (T&C's apply)

Ladbrokes are a name that you are sure to have heard of and if you do not have an account yet there are many reasons to. They have lots of payment methods with just a £5 minimum deposit limit and if using debit cards the payment range is virtually unlimited, just under £100,000 is the maximum deposit amount.

How We Rank Bookmakers Who Take £5 Deposits

The £5 deposit betting sites we look at are ranked based on a number of criteria. There is no one betting site that is the best at everything and we try to rank them based on the mean average of their performances. Everyone will have different preferences though so what is top of our list may not necessarily be the top of yours.

Range of Payment Methods

It is always best if minimum deposit betting sites can offer as many different payment methods as possible, obviously including debit cards but also perhaps some of the E-wallets and other alternative methods. No matter which option is chosen it should provide a free, instant, and convenient way to deposit funds.

Minimum Bet Sizes

£5 deposit betting sites do not have to (but are very likely to) accept small bets. The minimum bets can be as little as 1p, but more common is 5p or 10p and can vary depending on what market you are betting on. It can be helpful to place small bets if you are testing a system or if you like betting on long odds bets. It can also be useful if it is all you have left in the account and it is better to use it than have to write it off as it is too low to withdraw.

Odds

At the end of the day, the odds you take are the difference between making a long-run profit and a long-run loss. Even if you are gambling recreationally and it is more about the buzz of watching a bet win, you will still want to get the best odds available because it will at least mean you lose more slowly. The £5 deposit betting sites that we recommend will have some of the best odds available.

Markets

It is not unreasonable to expect that you can bet on what you want to bet on, regardless of what the sport is or what the specific match is. We make sure that there is a depth of coverage across the board whether you are betting on football, horse racing, cricket, rugby, Esports, MMA, or anything else you care to mention.

Safety

All betting sites which you will see on Legalbet.uk are licenced and regulated by the UK Gambling Commission. On top of this, they all have the latest security measures and anti-fraud systems in place to protect you from third party attacks. Furthermore, to protect you from yourself they also have a range of responsible gambling tools which you are free to utilise to make sure that you only ever gamble what you can afford to lose.

Welcome Bonus

If you are a new user and you are opening new betting sites it is always nice if they have Free bets available as a reward for placing your first bet. It is not the most important thing though. Remember that there could well be a required qualifying deposit which is above the intended 5-pound deposit betting you had planned.

If there is a high min deposit amount of say £10 or if the qualifying bet must be £20 then that is not good for you. Try to find a bonus that has free bets credited to your account on bet settlement if you bet £5 bet which will be your minimum deposit.

Existing User Free bets

More important than a Welcome bonus is what are the promotional offers and bonuses on offer to existing users. There is less likely to be a minimum deposit amount to qualify for these Free bets so although T&Cs apply to deposits, £5 will not be a problem. Carefully check how long you have to use these Free bet stakes once they have been awarded, sometimes T&C's will say "Free bets valid for 7 days after being credited" or something similar, so use them up before then.

Mobile App

Betting sites are always modernising and improving and evolving alongside the technology of the modern world. It is no longer enough to just have a great website for online betting at home, betting sites also need to provide their UK customers with a mobile solution for betting on the go. This is most commonly done via a dedicated app and we look at the quality of these provided by the UK betting sites with a £5 minimum deposit.

Advantages of Low Deposit Betting Sites

There are a number of advantages when you are using a low deposit betting site. We will list some of the main things below:

There is inherently less risk if you are using less money! It is much harder to have to redeposit funds in order to bet, than it is to gamble away what is already in your account. A lower balance lends itself to lower stake betting, which can be a good thing for some people.

Linked to the above if you are using five pound deposit betting sites it allows you to explore them and experiment with the features without worrying about a wrong click or a “fat fingered mistake” costing an arm and a leg. If you have made a minimum deposit then there is less money in your account and so you have less to lose.

There is an argument that a minimum deposit of £5 is ideal for novices or those testing out new systems or strategies. They are unlikely to want too much of their bankroll or just their hard earned money to be in a bookmaker account whilst they are finding their feet. A £5 deposit betting site can help with this.

Deposit Methods for Cheap Bets

Betting sites in the UK accept a large number of payment methods and most of them can be used to make a minimum depoit of just £5 into your sports betting site. The online payment method you use to deposit with will also be the payment method that your funds are first withdrawn back onto due to the payment restrictions which the UK Gambling Commission has placed on UK customers.

Each betting site will vary slightly but all betting sites will accept debit cards from the main providers Visa and Mastercard. It is also likely that you can use a bank transfer to deposit as well, probably using Trustly. Online bookmakers are also increasingly looking to modernise and fit in with the lifestyle of their UK customers so E-wallets like PayPal, Neteller and Skrill are often options and increasingly so is Apple pay. The minimum deposit of the E-wallets and such like is normally higher than using a debit card though.

These deposit methods are used frequently but whether it is a £5 or a £10 minimum deposit will vary from betting site to betting site. In our experience, if you are going to be doing some low deposit betting then using debit cards are most likely to suffice.

There is not necessarily a connection between your deposit amount and your bet amount, and certainly not "cheap bets". A bet can not in itself be described as 'cheap' anymore than one could be described as expensive. They can be described as low value or high value, and in all probability, if you are depositing £5 into a betting site then it follows that you will be placing low value bets.

Minimum Bet stake amount

It does not make any difference what the minimum deposit you can put into a betting site is, it wont affect the minimum bet amount. This is decided by a separate algorithm on an account by account and a market by market basis. For example if there is a major sport like football, and it is a big game in the Premier League, then it is likely that the bet size range will be large. It will be less on a more obscure sport or a smaller league game.

The amount of the minimum bet is most likely to be determined by what you are betting on. If it is something with a number of legs in an accumulator, or if it is an event of very long odds, it is likely (although not necessary) that you will be able to bet smaller stake amounts than betting on match odds for a game.

How to Win Money with a Small Stake Wager

You can win money with a small stakes wager in exactly the same way that you can win money with a large stake wager, if your prediction or predictions are correct, then you get your stake amount back plus the winnings. This is the same regardless if there is a high or low minimum deposit amount.

If you want to win a lot of money, or even just a lot of money relative to your stake amount then there are only two ways that you can do it and both revolve around the only variable that you have, which is the odds.

You can either choose an outcome that is very unlikely, a very famous example of this happening was Leicester City winning the Premier League in 2016. The odds on this before the Season began were 5000/1 and so a bet of just 10p would have won £500 which is not bad going. If you had used one of the £5 deposit betting sites and put the full £5 on it then you would have won £25,000. People do not like placing these types of bets which is understandable because they do not often win and it is hard to even visualise it happening. It is unlikely any of the Leicester fans who placed the bet actually ever expected it to win.

A more popular method of betting on a long odds event which counters the problem of not being able to visualise or expect it to win, so it feels like throwing money away, is to bet on an accumulator. Doing this means you can pick outcomes that are expected to happen, or at least have a 50/50 chance and it would not be such a surprise if they came in. If you take 12 evens shots (50/50 chance bets) then your total accumulator odds at the end of it are now into the thousands (4096/1 to be exact). However, each and every one of the bets placed seems plausible to come in. This is how you can make a small stake wager win a lot of money, you do it by using an accumulator bet.

Tip: For qualifying bets look for very low, or even no minimum odds in the T&C's and place your bets as close to these limits as you can to reduce the bookmakers edge. Then use any bonus Free bets that you may have on long odds bets because the T&C's will nearly always say "Returns exclude Bet Credits stake" meaning you only get to keep the winnings. High odds bets give you a lot more value then low odds bets.

Betting Sites with low min deposit amounts

The betting sites with low minimum deposit limits are by and large the biggest brand names. They are likely to only have the debit card payment method as the £5 min deposit option because it is the cheapest way for them to receive funds and the other methods after fees are paid, do not leave much margin for the betting sites to actually make a profit. The minimum deposit is amount is not directly correlated with the amount that can be placed on bets, in fact the betting sites who accept a min deposit of £5 more often than not allow some of the largest possible bet stakes.

Should you choose or avoid low deposit betting sites?

When we say "low" we mean a minimum deposit amount of £5, because that is as low as you get right now. When you are considering joining a new betting site then to be honest whether or not the minimum deposit is £5 or £10 really makes very little difference. There are a large number of much more important things to worry about such as odds, sports covered, do they offer Free bets, what payment methods are taken never mind what amount is the minimum deposit.

Summary

Overall if there are £5 deposit betting sites that are identical in every way to a £10 minimum deposit betting site then the £5 one is a tiny little bit better. But it is not something to unduly worry about. If you are specifically looking for low deposit betting sites then you will not find a lower minimum deposit than £5. The best betting sites will require not only a low minimum deposit but also allow you to use the best payment method for you, be it by Debit card, one of the E-Wallets, or Apple Pay.

The top betting sites are… 

Here at Legalbet we have also categorised the top betting sites and their features to make them easier for you to find. They are:

By Sport: Football | Tennis | Boxing | Cricket | F1 | Snooker | Golf | UFC | Darts | Greyhound  | Rugby | Boxing

By Payment Systems: PayPal | Skrill | Klarna | Boku | Debit Cards | Apple Pay | Paysafecard

By Features: Cash Out | £5 Minimum Deposit | Minimum Bet Sizing | Live Streaming Betting Exchanges | Safest | Fast Withdrawal

By Events: Politics

By Esports: CS:GO | Dota 2League of Legends | PUBG

Frequently Asked Questions

Which betting sites accept £5 minimum deposits?

Several of the big name firms are classed as low deposit betting sites. This list was correct at the time of writing but double check everything before joining (or attempting to deposit) yourself because things could change at any time. The betting sites are; Bet365, Coral, Boylesports, Ladbrokes, PaddyPower, BetVictor, WillHill, BetFred, and Betfair.

Does a £5 deposit qualify for a welcome bonus?

This will depend on the specific sportsbook bonus you are attempting to qualify for. It would be logical for a £5 deposit to then be enough for a qualifying bet at the 5 pound deposit betting sites however this is not always the case. With all Free bet offers T&Cs apply and in some cases to unlock your Welcome bonus only deposits and bets of £10, £20, or more, qualify. If you have qualified then the Free bet is usually added on the bet settlement of the qualifying bets. Check when Free bets expire and use them before this deadline.

Can I deposit less than £5?

In the past, it has been possible and we have made a min deposit of £1 before with a debit card (but that was some time ago). At the present time in the UK only five pound deposit betting sites exist, no matter which deposit methods you use.

Can a deposit of as little as £5 be made using PayPal?

It is possible to deposit just £5 with PayPal but it is not widespread. Of all the betting sites we looked at only deposits at Betfair allowed a £5 min deposit. If PayPal is the deposit method being used it is more common to be a min deposit of £10.

What is the minimum bet accepted by bookies in the UK?

The minimum bet stake accepted by bookies in the UK is 1p but this will vary from bookmaker to bookmaker and depend on what you are trying to bet on. It is more common to have a limit of 5p, 10p, through to £1 but 1p is certainly possible.

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