Disadvantages of Minimum Deposits at Online Casinos
One of the best things about playing at real money online casinos is that you can gamble with a lot less money than in live casinos. In many cases, you can deposit as little as $5 to start gambling online. While this is great for those with smaller bankrolls, it does comes with some drawbacks. Let’s take a look at the disadvantages of making a minimum deposit at online casinos.
Your Bankroll Will Not Last Long
The most obvious drawback to playing with a minimum deposit is that you risk running out of money very quickly. Let’s say you deposit $10 at an online casino and decide to play a game with a table minimum of $1. Your entire bankroll is only 10 bets. While the odds of losing 10 consecutive bets are low, it can happen. If you decide to play higher, you may limit yourself to just a couple of bets.
Your Game Selection May Be Limited
If you make a minimum deposit, there’s a good chance you will not able to play certain online casino games. Let’s assume that you deposit $5 and want to play Live Dealer blackjack. Some games will have a table limit of $10 per bet or higher. Even if you find a table with lower limits, you fall back into the trap of having too small of a bankroll to support your game.
You May Not Qualify for Online Casino Bonuses
If you read the terms and conditions of the average online casino bonus, you’ll often notice that the bonus requires a higher minimum deposit. A casino that has a $10 minimum deposit may require that you deposit $25 to unlock your casino bonus.
In some cases, you get one shot to unlock the bonus. If you don’t pay attention to the terms and deposit $10, you may not get another chance to take advantage of the bonus.
Most reload bonuses require a higher minimum deposit as well. However, you will not disqualify yourself from those bonuses by depositing the minimum.
Also, some online casinos put restrictions on deposits from Skrill and NETELLER. At some online casinos, deposits using those options may not qualify you for an online casino bonus, even if you make the required deposit.
Some Deposit Options May Not Be Available
While a casino may claim that you can deposit just $5 or $10, you may be limited to a couple of deposit options. At most minimum deposit online casinos, your only options for making a minimum deposit will be with a bank transfer or e-Wallet. You generally will not be able to deposit the minimum with a credit card. If you’re playing at a Bitcoin online casino, your only option for a minimum deposit may be crypto.
Keep in mind that if you deposit the minimum, you may not be able to cash out using the same option. Most online casinos don’t allow withdrawals using e-Wallets. You may be forced to cash out using crypto, or you’ll have to wait until your account balance is high enough to cash out using a check or bank transfer.
More Deposits Will Be In Your Future
If you only fund your account with $5 or $10, you will likely have to make another deposit quickly. Unless you decide to play online slot games for .25 or less per spin, you will not get much play out of your deposit. Even then, you will have to get lucky to keep from losing your entire deposit in your first session.
It is generally a good idea to deposit at least enough to unlock online casino deposits. This is usually around $20 to $25. You’ll give yourself more options and allow for more variance if you deposit at least $50. If you have to choose between depositing $5 or $10 and waiting a bit to deposit a bit more, waiting may set you up to have greater success in your gambling.