What is the Minimum Money Amount to Open an Online Betting Account?
Many Gambling911.com readers ask this question: What is the minimum to open an online wagering account to start betting?
While the amount differs between sportsbooks, typically $25 to $50 is required to fund an account before you can start wagering. $50 to $100 is usually the amount needed to take advantage of bonus offers.
Actual bet minimums can be as low as $1 though $10 to $25 is the average wager placed online ($50 via the phone).
Examples from various online sportsbooks appear below.
WagerWeb.com - $50 minimum to open an online betting account all methods including credit card. A 50% cash bonus is added to the amount used to fund your sports betting account, so you would receive $25 addition on the $50 minimum. It pays to open an account with more since this is just a deposit anyway and is still technically YOUR money. Open with $100 and receive a FREE $50. You will need to wager 8x that amount before being credited with the bonus money (just in case you thought this was any easy way to make some quick cash for nothing).
Bookmaker – You will need to open your online betting or phone account with a $100 minimum. Bookmaker tends to attract more seasoned sports bettors, including pros. They offer the best LIVE IN-PLAY wagering available. Remember also, their bonus goes all the way up to $2500. Anyone looking for a bonus will need to open their online sports betting account with a minimum of $300 (an additional $75 will then be added). The bonus money is used for wagering purposes only. Anyone looking to open their account with $10,000 will receive the maximum free bonus money of $2500. In other words, it pays to open your account with as much money as possible. Bookmaker has been in operation since 1986, originally starting as an offshore sports betting call center before coming online in 1999.
- Don Shapiro, Gambling911.com
