The only way to enjoy a successful on or offline gambling hobby is to set yourself realistic budgets
As with all other types of monthly spending, you need to know exactly where your funds stand. You can’t simply splash the cash and hope for the best at the end of the month.
There are several ways that you can stay in control of your spending online and maintain a healthy budget. And that is to set yourself certain limits while you are playing. Most top casinos have responsible gaming tools that allow you to pick and choose certain financial elements. These may be deposit limits, wager limits and even loss limits as well.
The latter two are extremely useful while actively placing bets. By limiting the amount that you can place per bet, you will always maintain an equal balance. The casino site simply will not allow you to place more on any one wager than you initially selected. Furthermore, loss limits stop players from chasing losses that have been and gone.
But when it comes to deposits, it’s not only possible to set limits through your casino account. It’s also possible to choose a minimum deposit casino that will set you off on the right footing.
Minimum deposit casinos
Without even needing to limit your deposits through your personal account section, a minimum deposit casino will permit very small initial payments. So even if you are tempted to spend more money while playing online, you simply won’t have the funds in play to do so.
Some of these casino brands take minimum deposits to the extreme. As such, it is even possible to find £1 deposit casinos out there waiting for the more prudent gambler.
And the good news is that it’s very simple to find a site like this if you know where to look. For a good overview of casinos with low minimum deposits, take a look at Casino.xyz.
This site will give you all the info you need to find the perfect minimum deposit casino. Moreover, it will save you hours of searching the net for the right place to play.
But of course, not all low deposit sites will accept such a small cash injection. However, there are several other types of budget deposit brands that will allow you to pay in as little as £3 or perhaps £5, for example.
£10 is considered the industry standard for setting up a new account. But don’t feel pressured into joining one of these sites if you would prefer to play for a little less.
Disadvantages of low deposit sites
Playing at a 1 pound deposit casino does have its drawbacks. So it is only right that you hear both sides of the story.
One of the main disadvantages of using sites like these is that you simply won’t have the choice that other players get. You are restricted to a small number of brands that allow such tiny payments. So your choice of £1 deposit casino sites may seem a little underwhelming as you do your research.
Another issue that you find is when it comes to welcome bonuses. Sign up offers for new customers can sometimes be incredibly lucrative. There are huge cash bonuses available and tons of free spins ready and waiting for new clients.
However, most of these promos require a player to make at least a £10 or sometimes even £20 deposit into their new account. So this rules out many of these bonuses if you’re only looking to play with a couple of quid.
But it isn’t impossible to find welcome deals with such low-cost sites. You just have to be a little more patient and prepared to wait around for a deal to appear.
Another issue is that having such a small amount of cash to play with will restrict the game selection.
Some slots and other casino games will allow very small wagers. But when you only have one or two pounds sitting in your account, you can only play a few hands at best. As a result of playing for such small bets, the winnings will always be fairly modest as well.
Despite the fact that there are a few downsides, low deposit sites can still be very useful for some players. Having such small amounts of cash at stake keeps things fun. And this is the main reason to enjoy such a hobby in the first place.
When playing for larger cash sums, it’s easy for players to forget the enjoyment factor. So by keeping huge wins out of the question, you will only ever be playing for the fun and thrill that the game offers.
But the only way to know if this type of casino works for you is to give it a try. And the great thing is, there is very little risk considering the tiny deposits that we are talking about.