Low Minimum Deposit Casinos
On most online casino games, the more you bet – the more you stand to win. This might make you think that bigger deposits are certifiably better, but that’s not always the case.
Lower level deposits can:
- Help you scope out a casino or specific game for a bigger deposit later, with minimal risk
- Encourage limited spending for those on a tight budget
- Provide massive returns in the case of a jackpot or Megaways win
If you’re also planning on grabbing a bonus, sometimes it might make sense to deposit less.
This is because of wagering requirements. If you’re looking to play high volatility jackpot games, then you might not want such a big deposit match – as you’ll have to play through more of any big win before you can withdraw it.
For example, imagine you deposited $10 with a 100% deposit match at 10x wagering, for a total of $20. If you then won a $1500 jackpot, you would have to wager $200 of it before any withdrawal. (Of course, you might win more from that $200, but you could also lose it all).
However, if you initially deposited $50, then you would have to play $500 through before a withdrawal of the same $1500 jackpot.
In this case, you can see why jackpot hunters and high volatility players may sometimes want to stick to multiple small deposits.
$1 Min. Deposit Casinos
There aren’t many sites that let you deposit this small of an amount, as the casino is usually charged a small fixed amount by the payment provider every time you make a deposit. This makes anything under $5 not worth the charge from the casinos point of view.
However, with the advent of Bitcoin and other cryptocurrencies this problem has been largely eliminated. So if you want to deposit 0.0001 BTC, or even less, then today you can find a casino that will let you do that.
You may also occasionally find a casino that lets you do smaller than $5 deposits for the novelty factor alone, as this may bring them in some repeat custom in the long run.
Zodiac Casino is the best example of this for Canadian players. They let you obtain their fantastic 80 free spins offer for just $1 CAD. Easy!
22Bet, and many SoftSwiss white label casinos that accept Canadian players may also be a good choice here, as you can deposit $1 or less worth of BTC or another cryptocurrency.
$5 Min. Deposit Casinos
$10 Min. Deposit Casinos
$10 is the standard minimum deposit level at most online casinos. Even at the sites that allow smaller deposits, $10 is usually the lowest amount needed to obtain deposit-match or free spins bonuses.
Unless mentioned otherwise, you can assume that nearly all our top-rated casinos for Canadian players will have $10 as their minimum deposit.
Which Games Can Pay Off Big With a Small Bet?
The best games for people making small deposits are definitely progressive jackpot or Megaways slots. The second best choice would be low stakes live casino games, like Evolution’s Party Blackjack. In general though, table games (whether live or virtual) won’t offer as many opportunities for small bets of $5 or less.
Jackpot slots obviously offer the potential for massive wins of tiny bets and have made people millionaires off the back of $0.10 or less wagers many times over the years.
High volatility games, such as Megaways games, offer fewer regular wins – but when you do a hit a winner, you might just hit much bigger.
Therefore, the following are the best ways to maximize potential winnings for people who bet and deposit in small amounts.
Where most slots will have between 20 and 100 or so pay lines to make winning combinations, MegaWays slots have upwards of 10,000 or more ways to win.
This is usually achieved through innovative reel design as well as extra or cascading symbols.
MegaWays slots are great for low-budget bettors as they offer the potential for wins of 10,000x or more – and usually allow you to start your bets at $0.20 or less.
Just be warned, MegaWays slots are often high volatility, which means you might hit dead spins more frequently. However when you do win, you’ll likely win bigger.
As with most of Evolution Gaming’s quality game show type live casino titles, Lightning Roulette lets you bet small – for the potential of a big payout.
It plays in a similar way to classic roulette with a streamed live dealer. However, every few rounds up to 3 numbers are hit with the lightning.
This gives them an electric multiplier between 50x and 500x for any winning bets. Considering a straight-up winning bet on roulette is usually worth 35x, you can see how big payouts here can get.
Oh, and betting at most casinos on Lightning Roulette starts at just $0.50.
Dead or Alive Slots
Some of the most popular jackpot slots of all time, NetEnt’s Wild West-themed spectaculars are legendary among slots fans.
With a minimum bet of just $0.20 on Dead or Alive 2, you could potentially shoot your way into the High Noon bonus free spins round, where there’s a jackpot prize available of 100,000x your wager.
At the minimum bet, that’s $20,000 of off less than dollar put down. Yeehaw!
Undoubtedly the most famous progressive jackpot of them all, Microgaming’s classic Mega Moolah series has handed out over a billion in jackpot prizes since 2006.
This is the game that paid out the Guinness Book of Records certified largest online jackpot in history when a British soldier won a huge $13 million back in 2015. And his initial stake? Just $0.20.
Although some versions of this game (there are many) now look fairly dated, they continue to be extremely popular the world over – for the exact reason that you can bet low but potentially win life-changingly big.
Best Banking Methods for Low Stakes Players
If you were a casino, and a payment provider charged you $1.50 for every transaction, would you let people deposit $1 or $5?
Probably not, as it just doesn’t make business sense. This is why you don’t see small deposits or withdrawals at most online casinos.
However, some payment methods don’t have this problem – so if you see them on a casinos banking page, you might just be able to make low level deposits there. Keep a look out for the following methods:
A flexible option for online payments that doesn’t require a bank account or debit card, PaySafe Cards can be bought physical stores around the world.
Simply buy one with your required amount, starting at $10 and goes up to $250. You can then use your unique pin to pay for things online, including casino deposits.
Because there’s no charge, some online casinos will let you deposit $5 or less using this method. It’s also a great casino banking option for those worried about security, or even the potential for overspending, as it isn’t linked to your bank account at all.
PaySafe Cards are an option at a lot of casinos, but they don’t all let you deposit small amounts – so check our reviews out for the minimums before you jump in.
The original gangsta of cryptocurrencies, Bitcoin is available at more and more online casinos nowadays. Great for those thinking about security and anonymity, 1 Bitcoin is also worth a lot more than $1 – so you can deposit 0.00001 BTC or less to get some very small dollar value deposits.
Bitcoin exchange rates do fluctuate, often quite a lot. However, the value of 1 BTC hasn’t dropped below $100 since 2012, and it has been well over $1000 per BTC since 2017.
There are plenty of Bitcoin or cryptocurrency specific casinos we rate out there, such as BitCasino.io or CloudBet.
Many big name brands are also coming onto Crypto in recent years, such as the white label operator SoftSwiss. They have adopted many cryptocurrencies, including Litecoin, Ethereum and the memetastic Dogecoin, as well as Bitcoin.
You can try them out at great casinos like KingBilly and BitStarz, with a minimum deposit of 0.001 BTC – which is less than $1 at current rates (price may fluctuate).
Your Bank Card
Sadly, you’re unlikely to find casinos that allow you to deposit less than $5 using your bank card. In fact, many sites will have a minimum of $20 using this method – although a $10 minimum is the most common.
Sometimes we’ll show you online casinos such as Zodiac Casino, that offer $1 deposits as a special offer. Keep an eye out on our pages for these kinds of offers, as we keep them regularly updated.
Most e-wallets also charge casinos per transaction in the same way as cards. So although they’re highly convenient for customers, you’re less likely to see extremely low minimum deposits using these methods.
Most e-wallet deposits start at $10, although you might occasionally see $5 minimums.