When you’re looking to join an online slot site there are many things to take into consideration, these include the game choice available, banking options, bonus offers, and the often overlooked minimum and maximum deposit limits.
The maximum deposit limits are more of a concern for high rollers, but regular gamblers who fancy an occasional flutter at the weekend would be more interested in the minimum amount that can be deposited at an online slot site.
The industry standard is £10 but some popular gambling brands allow players to deposit as little as £5. Some of the smaller casinos have a minimum deposit of £20 but this figure is now a rarity. Players have to consider the budgets that they have to work with, before making an online casino deposit – try and play Rainbow Riches.
Therefore, having clearly defined minimum deposit limits are very useful for many punters, but this information is usually hidden away in the small print that is related to the terms and conditions of the individual casino brand.
Are Minimum Deposits a Waste of Time?
Some believe that making a minimum deposit is a complete waste of time. They base this view on the fact that slot games have the largest house edge of any of the gambling games available at online casinos. Therefore, it is highly unlikely that a £5 deposit would last very long in the unpredictable world of slot spins. You would have to be exceptionally fortunate to profit from a minimum deposit without losing it in a matter of minutes. Whether this is true or not depends on luck, and it has been known for some punters to produce a healthy profit from a minimum casino deposit.
Minimum Deposits and Bonus Offers
When it comes to new customer slot bonus offers, these offers usually need a minimum deposit for them to be activated. The minimum deposit can be set a little higher when it comes to activating welcome offers when compared with standard minimum deposit rules. The positive thing about first deposit match-up bonuses is that if you do decide to make the minimum deposit needed to activate the special offer, your cash is doubled thanks to the 100% deposit match that is applied by the casino. It can be argued that this is when you should use a minimum deposit and not when you are making a standard deposit for everyday play.
Minimum deposits at their current values look set to remain in place for the foreseeable future. In the current gambling climate, minimum deposit amounts may be lowered further still, to discourage people from betting with more money than they can afford to play with. In a world where online gambling is more popular than it has ever been, the UK Gambling Commission is trying its utmost to prevent gambling addiction and with pressure coming from all sections of society to lower maximum staking levels on slots, it would make sense to keep minimum deposits where they are but lower the maximum deposit values allowed at online casinos instead.