Every online gambling site has its own promotions and deposit policy as part of their casino marketing strategy. In addition to the minimum deposit amount, this also includes the selection of payment methods (e.g. whether PayPal is available) and the amount of the fees. It is now the case that most casinos assume the payment fees that are due when the player makes a deposit. This means that the payment is free of charge for the customer. But the service providers such as PayPal or Giropay, Neteller, etc., which take over the processing of the deposit, are paid by the online casino. These costs are of course carefully calculated and lead to the fact that the majority of the providers set a minimum deposit amount.
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Casinos would lose a lot of money if they allowed players to deposit cents. Because then the costs incurred for the payment would be higher than the amount deposited (even if the player would lose everything). Of course, no company can afford this and therefore this option is not offered anywhere.
The absolute lowest deposit that can be made at reputable online casinos is one pound. And this option is only activated at a fraction of the hundreds of casino providers. As soon as the limit of five pounds is reached, the selection becomes larger. The usual minimum deposit at renowned casino portals is 10 to 20 pounds.
What is a minimum deposit?
In the industry, a minimum deposit usually means an amount between £1 and £25. However, it depends mainly on the budget of the player what amount he defines as a “low amount” for himself. Although we generally advise against putting the last of your budget money into the best online casino games, there are still a lot of players who plan to do just that. The aim is not only to look for a low deposit option but above all to activate the highest possible bonus through your own deposit.
A handful of casinos have now taken on this circumstance and some of them offer bonuses well over ten times their own deposit. But be careful: Such vouchers are almost exclusively only valid for the 1st deposit and cannot be used multiple times! Multiple-use with a second user profile is also expressly prohibited in the terms and conditions.
Often the minimum deposit is confused with the minimum bet. However, a clear distinction must be made here:
- The minimum bet relates to a specific game (e.g. slot machines, roulette, etc.) and is determined by the software developer. Depending on the number of win lines and reels, this is in most cases between 5 cents and 50 cents.
- The minimum deposit is the minimum amount that must be deposited in order to play in real money mode. This is determined by the casino itself and the software developer has no control over it.
Low initial deposit makes sense to test the offer
If you are still inexperienced in the field of the best UK online casinos, low deposits are very good to gain initial experience. You shouldn’t pay in larger sums straight away, because the range of games might not appeal to you, or you might decide on a competitor’s website.
If you have already paid in a higher amount, it takes some effort to transfer the money back directly to your bank account. Because of the fees already described, the casinos do not like it at all when a player makes a larger deposit, then only wagers a fraction of the money and then demands a payout directly. Such behaviour is viewed critically even by the gambling authorities, as the question immediately arises whether it is money laundering. Even if you can of course explain yourself, this should still be avoided in advance.
On the positive side, all casinos that specialize in low minimum deposits do not charge any additional fees for the payment. These are normally the best betting sites that you can find at topratecasinos.net. This is because you are investing in the customer, so to speak, and hope that he is convinced of the offer and will make further payments in the future.