Is There a Minimum Amount You Can Bet?

When using a betting website, they often ask you to deposit a minimum of £5 or £10. Often, this gets people wondering the minimum stake possible on a given platform. If you deposit £10, but you want this money to last, can you just bet pennies and have fun for several months? On the other hand, what is the maximum amount you can stake and win? While this one is only a dream for many players, the answers are important for a more knowledgeable betting experience!

Minimum Bet Amount

Answering our question from the introduction, some of the biggest UK betting companies WILL allow you to bet pennies. That’s right, both Betfred and William Hill allow players to place a stake of under 3p. However, we should state that these are exceptions to a general rule. Betvictor allow bets of 5p, but after this, the minimum is set to 10p with most betting websites. For example, this includes the following:

After this, 888Sport require players to place at least 50p on a selection while Betfair have set a minimum of £2. Therefore, assessing this information is important when choosing a bookmaker. If you want the ability to place pennies on a bet, we recommend Betvictor, Betfred, or William Hill.

Is It Worth It?

You might be wondering whether it’s worth betting pennies, and you would be right in thinking that more winnings come with higher stakes – you have to speculate to accumulate. Yet, there are stories of people winning big with tiny stakes. For the most part, people putting 20p on a bet will probably have this money on an outrageous accumulator. When it comes in, the story makes the social media news (and we all get jealous!).

Back in 2016, one William Hill punter put £1 on a 16-team accumulator. Though placed on games across six countries, every team won, and the bettor won a cool £180,000. Elsewhere, a player won £585,000 on an 85p accumulator when all 19 selections came in. Finally, a certain Fred Craggs from Yorkshire won £1 million from 50p when he placed an accumulator from eight horse races around the world.

If you want to win big from a small bet, you need to follow in the lead of those above and go for an accumulator. If you place pennies on a single selection, you’re going to get pennies back. For those with no experience with accumulators, the odds of each selection are multiplied together because the bet has a smaller chance of success with each added selection. 15-team accumulators might not win often, but when they do the winnings are worth noting.

Benefits of Small Bets

There are many benefits to betting small, and it starts with those who don’t have the funds for bigger bets. Why should you not enjoy betting just because you don’t have the money? Elsewhere, small betting is perfect for those who only enjoy accumulators. Elsewhere, you might like ‘Yankee’ and other special bets, you might be testing a new bookie, or you may just want to use bonus funds without having to keep depositing.

Maximum Bet Amount

We’ve seen that the minimum bet amount varies from 1p to £2, but what about maximum bet amounts? In the same way, the maximum amount you can bet depends on the bookmaker. Also, it’s difficult to put a number on the amount because some bookmakers choose to limit payouts and winnings rather than stakes.

A bookmaker is a business and, naturally, they want to protect their profits. With a maximum payout, players can’t manipulate odds and match-fixing is less common. We recommend looking at the terms for your chosen bookmaker because of the maximum payout rules per bookie and per sport. For example, you could win hundreds of thousands on football yet only tens of thousands on horse racing or motorsports.

It’s important to understand both the maximum stake and maximum payout figures. If you win £500,000, you might only receive £250,000 if this is the maximum payout policy for the bookmaker. Especially with accumulators, there’s no point placing £20 on an accumulator when you would only receive half the winnings anyway. Also, be aware that some VIP schemes increase the payout limit for loyal bettors.

Our Top Betting Offers:

New Site

Welcome bonus

Bet £10 Get £20

Minimum Odds: 1.5

Visit Site

New customers & 18+ only. Min. deposit of £/€10. Qualifying real money bet of £/€10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer credited within 48 hours. Additional T&Cs apply. Please gamble responsibly | T&C apply

Most Games

Welcome bonus

Bet £10 Get £40

Minimum Odds: 2.0

Visit Site

Get Up to £40 in Football Free Bets - 18+ New customers only. Opt in & bet via mobile up to £40 (min. £20) on any football market at odds of 2.00+, in 7 days. Get up to £40 in free bets on selected markets. Bonuses expire in 7 days. Card payments & Apple Pay only. Click for T&Cs. begambleaware.org | Please gamble responsibly. | T&C apply

Best Odds

Welcome bonus

Open Account Offer: bet £10 Get £30

Minimum Odds: 2.0

Visit Site

Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. #ad | T&C apply

The Newest Betting Sites:

New Site

Welcome bonus

Get £25 in Free Bets

Minimum Odds: 1.4

Visit Site

New customers only, 18+. Min deposit £10. Place a £50 bet on any sport at 2.0+ to qualify for £25 in free bets and 10 Free Spins. Free Bets and Spins valid 7 days. £0.10 Free Spins. T&Cs apply. BeGambleAware.org. 18+ | T&C apply

New Site

Welcome bonus

*OFFER PAUSED* Bet £10 Get £30 in Free Bets

Minimum Odds: 2.0

Visit Site

18+ New Customers Only. Opt in and bet £10 on football (odds 2.00+) within 7 days. No cash-out. Get 4x£5 Free Bets for set markets and a £10 Slot Bonus for Big Bass Splash, 30x wagering, to withdraw max £250. Rewards expire in 20 days. Selected payment methods only. T&cs apply. begambleaware.org | Please gamble responsibly | T&C apply

New Site

Welcome bonus

Bet £10 Get £5 + 10 Free Spins

Minimum Odds: 1.4

Visit Site

18+, New customers sign up with code "bet10get5". Deposit £10 or more and place a £10 bet at min odds 2.0. Get a £5 free bet and 10 Free Spins on Astro Newts Megaways. Free bets expire after 7 days. Full terms apply. 18+ BeGambleAware.org | T&C apply

About the author

Carl Hughes

Editor

Carl Hughes

Editor

Carl Hughes is a leading expert on sports and casino betting. Carl began his career with a BSc in Sport, Exercise and Health Sciences from the University of Birmingham before working within the industry for some of the bigger names (GVC and Bet365) and has been praised as being "a leading sports betting commentator".