With legal online sports betting in New York underway, bettors have a lot more freedom in terms of how little they can bet. At retail sportsbooks inside New York casinos, the minimum in-person bet is usually $5. That’s a reasonable minimum, but $0.09 is the lowest bet you can place on a NY sports betting app.
To put that into perspective, let’s say you have $10 in bonus money to spend. You could stretch that into 111 different bets by keeping each wager to $0.09. That’s a lot of betting for free. But even if you make a real-money deposit of $10, you’re paying to place over a hundred wagers. You may not make a lot of money, but you can have a whole lot of fun (and possibly win a good chunk of change).
Minimum Bet At Each NY Online Sportsbook
Here is the minimum bet for each online sportsbook in New York:
NY Sportsbook Minimum Bet Bonus Offer
🥇 FanDuel Sportsbook Minimum Bet: $0.09 Place a risk-free bet up to $1,000
DraftKings Sportsbook Minimum Bet: $0.10 Claim $50 Free Bet on $5+ deposit
Caesars Sportsbook Minimum Bet: $0.10 Claim $300 Free Bet on signup, no deposit required
BetRivers Sportsbook Minimum Bet: $0.10 Claim a 100% deposit-match bonus up to $250
BetMGM Sportsbook Minimum Bet: $0.50 Place a risk-free bet up to $1,000
The Caesars NY, DraftKings NY, and BetRivers NY minimum bet is $0.10 per wager. FanDuel NY has the lowest bet minimum of $0.09. That may not seem like a big difference, but that’s an extra 11 bets for every $10 deposit.
BetMGM NY offers a bet minimum of $0.50 per wager, which is the highest in the state.
Why The Minimum Bet Matters At NY Online Sportsbooks
The sharpest sports bettors will adjust the size of their bets dramatically depending on how they spread out their budget. Usually, the strategy involves placing smaller bets on long odds and bigger bets on short odds. That way, you maximize your smaller bets while giving yourself the best chance of winning the bigger bets.
No matter your strategy, legal online sportsbooks in New York provide safe, easy micro-betting. The cashout minimum is usually between $5 to $10 as well, so placing the lowest bets can absolutely translate into withdrawing winnings.
If you’re a bettor who doesn’t think you’d ever bet that small, consider a near-impossible parlay or playoff run that intrigues you. If it has something like +20,000 odds, a $1 bet would pay out $200. It’s a wager that’s extremely likely to lose, so investing a good amount is a bad idea. But a micro-bet could ensure you don’t miss out on the possibility – while ensuring you won’t be upset if (and most likely when) it doesn’t happen.
You’d never be able to bet that little at a retail sportsbook in New York (or anywhere else in the US).