The 33 Best Betting Sites for Minimum Bets in 2020
‘Minimum Bet' is essentially the lowest stake value you can place on a wager which varies from bookmaker to bookmaker.
Intro: Betting sites have a range of limits in place, including minimum deposits and maximum withdrawals, all of which are important for bettors to be aware of. One such limit is the minimum stake that you can are able to wager and whilst many punters may not be interested in the very minimum amount that they can bet, knowing this figure can prove to be very useful for a lot of people. Keep reading to find out why.
Best Betting Sites for Lowest Minimum Bets
What Does ‘Minimum Bet' Mean?
The term minimum bet refers to the lowest possible amount you are permitted to stake on a given market. Generally with the biggest and most renowned bookmakers, the minimum stake will be anything from 1p up to £1. You should note however that the minimum stake can actually vary depending on the selected event, market, or bet type. A classic example of this is in the case of live-streaming horse racing where betting sites charge an additional minimum bet requirement if you want to view the races. This will typically be in the region of £1.
Bookmakers have the right to place certain restrictions on specific customers should they feel necessary in order to protect their profitability and limit their liabilities. When you place your bet online, you will need to enter your stake. This is when you will be notified whether or not the stake you have entered meets the minimum requirement.
Betting companies benefit from setting very low minimum bets because there is a whole niche of punters, commonly known as ‘micro-rollers‘, who play with small amounts but collectively provide a hefty profit for the bookie. In addition to this, there is a very high likelihood that bettors who start betting with small amounts will gradually increase their stakes which means results in more profits for the betting site.
Why Place Low Bets?
Although the vast majority of people place bets with higher stakes than the minimum requirement, low bets can be just as appealing to many different types of bettors too.
Low bets are perfect for those who want to enjoy betting without risking big losses.
When trying out a new betting site, low stakes can be beneficial as they give you the chance to explore the full betting process of the site without committing larger amounts of money.
As we will discuss in further details later in this article, low bets are ideal for placing Yankee, Lucky 15 or any other full cover wagers as they provide the chance to reap large rewards at a lesser cost.
Punters who wish to use up what’s left of their bonus without having to deposit more money into their will also be able to take advantage of low minimum bets.
Finally, and probably the common way that low stakes are used is by punters who are backing a longshot bet, where wagering a small amount can result in big rewards.
How to Win Big with Low Bets?
Accumulator bets are easily some of the most popular bet types thanks to their high risk, high reward nature. In an acca bet, the odds of each chosen selection are multiplied by each other and can result in an extremely high pay out. Even with a small stake, potential winnings can quickly reach into the hundreds or thousands. Naturally, the more selections you choose, the less likely your chances of winning, but all it takes is one exceptionally lucky day to make that tiny bet pay out big time. Most bookmakers will offer accumulator bet promotions to make your acca bets even more lucrative.
Full Cover Bets
Full cover bets can be seen as a package bet which covers all possible combinations in a bet. There are many different types of full cover bets, such as the Heinz and the Trixie bet, which include a different number of selections. The difference between full cover bets and accumulator bets, is that you don’t need all the selections in a full cover bet to win, for you to receive a pay-out. This means that you will have a greater chance of getting a return, but at a higher cost as you will need to pay for the increased number of lines in your bet. This is where minimum stakes can be beneficial as with individual lines costing as little as 10p, you could easily place a full cover bet for less than £1.
Many betting sites offer high pay-out jackpots which do not require high stakes to join. These jackpots can come in many different forms with one of the most common being predicting the outcome of a selected number of football matches in a gameweek and gaining a share of the prize pool depending on how many selections you manage to predict correctly. Jackpots can easily have total prize pools reaching into the hundreds of thousands and with such a low entry fee, can prove be hard to resist.
What are Some of the Biggest Wins with Small Bets?
Just in case you still had any doubts about the potential of utilising a betting site’s minimum stake, we’ve compiled a list of some of the biggest accumulator wins to come out of these bets.
£272,500 from £2.50 – One lucky man from Berkshire started out his 2011 on the right foot when he placed a £2.50 bet on a 9x accumulator and walked away with £272.5k. This was the highest amount ever paid out by Ladbrokes for a multiple bet and has not been beaten since.
£500,000 from 30p – Back in 2001, an anonymous Manchester United supporter won a six-figure pay-out from a 30p bet. The man bet on a 15x acca with odds of 1,666,666/1 on a series of outright bets and had actually placed the bet months before he won.
£585,00 from 85p – In 2011, an anonymous punter from Malta bagged more than half a million pounds from a mere 85p bet at William Hill. This lucky player wagered a 19-match accumulator with odds of a whopping 683,738/1 to win.
£1 million from 50p – Fred Craggs, a 60-year-old man Yorkshire wagered a measly 50p on an 8-fold horse racing accumulator and walked away with an incredible seven figure pay-out.
£1.5 million from £2 – Steve Whitley is another lucky punter, who in 2011 used a free ticket to place a £2 bet on six horses and ended up leaving a millionaire. Against all odds, one of the horses Whitley wagered on lost all 28 of its previous races!
What is a Betting Limit?
Betting limits refer to the minimum or maximum stake that you are permitted to wager on a bet at any moment.
Who Decides Minimum Stakes?
Ultimately it is the different bookies who decide how much to set as their minimum bet requirement. Many factors are taken into consideration when making a decision including the different types of events, markets, and bet types.
Is a Minimum Wagering Limit and Minimum Stake the Same Thing?
Yes. These terms can be used interchangeably, and both refer to the least amount of money you can bet on a single event.
What is the Lowest Minimum Stake?
ThePuntersPage Final Say
Minimum stakes can appeal to a wide range of different people and can come in handy for a variety of bet types, where a small bet has the potential result in an extremely high pay-out. Knowing the minimum stakes allowed on different betting sites is important to prevent any form of confusion and to help you know exactly where you stand when making your bets.