Setting Deposit Limits for Your Betting Accounts
Keeping your gambling hobby under control is always a good idea. After all, betting on sports, casino games, or whatever takes your fancy is supposed to be fun, not something which negatively affects your mood or financial well-being.
Nevertheless, it can be all too easy to spend more than you intended. Making sound financial decisions in the heat of the moment can lead to unintended consequences. It is far better to plan your betting budget and stick to it.
To coincide with Safer Gambling Week 2024, we take a closer look at Deposit Limits, and how they can be used to keep gambling fun.
What Are Deposit Limits?
As part of an increased focus on responsible gambling, all bookmakers allow you to set deposit limits on your account. As the name suggests, this tool restricts the amount you can deposit in your account over a certain period – usually daily, weekly, or monthly.
When opening a new betting account, you will be asked to set your deposit limits as part of the registration process. However, you do not need to complete this task straight away.
If you skip the deposit limit process at this stage, your limits will usually be set to a generic amount. However, you can alter these amounts at any time by heading to the “Gambling Controls”, “Safer Gambling”, or “My Account” section of the site.
Cooling Off Periods
When setting your deposit limits, we recommend taking a little time to determine the maximum amount you are willing to spend in a day, week, month, or year. Err on the side of caution and ensure your chosen limits will not place you in financial difficulty.
One thing to note is that your selected limits are not set in stone. You may alter them at any time; perhaps you like to bet a little more at the biggest sporting events, e.g., the Cheltenham Festival or an International football tournament and would like to adjust your limits accordingly. Simply head to the relevant area of the site and make the desired alterations. However, be aware that most betting sites enforce a Cooling Off Period; a reduction in your limit will usually apply immediately, but any increase will only take effect after the listed Cooling Off Period (usually 24 hours).
Net Deposit Limits
Rather than following the rigid deposit limit system explained above, some bookmakers use Net Deposit Limits.
Net Deposit Limits avoid a potentially frustrating element of the Deposit Limit tool. Say, for example, that you have set a Daily Deposit Limit of £20. You log in, deposit £20, and place a £20 bet on a 5/1 winner. Happy days. You then withdraw your £120 balance and consider what to buy with your winnings. However, you then remember that there are additional bets you would like to place later in the day. Unfortunately, you have already reached your daily deposit limit and, with the 24-hour cooling-off period in place, you will miss out on these wagers, even though you are £100 in profit for the day.
Under Net Deposit rules, you are allowed to deposit your set limit PLUS any amount you have won in the specified period. In the above example, you would be free to redeposit £120 should you wish – your £20 deposit limit + the £100 profit from your 5/1 winner.
Deposit Limits at the Leading Bookmakers
All bookmakers, big and small, must provide the deposit limit tool to UK customers. As a guide as to what you can expect, the deposit limit process at four of the biggest names is as follows:
- William Hill - Offer Daily, Weekly, and Monthly deposit limits and use the Net Deposit limit rules
- Ladbrokes - Follow standard deposit limit rules and offer periods of 1 day, 1 week, or 1 month
- Betfred - Follow standard deposit limit rules and offer periods of 24 hours, 7 days, or 30 days
- bet365 - Follow standard deposit limit rules and offer periods of 24 hours, 7 days, or 30 days
For all of the above, any requested increase in limit will not take effect until 24 hours have passed.
Additional Responsible Gambling Tools
In addition to the above, many leading UK betting sites offer additional tools, including:
- Max Stakes Limits - A great option for slots fans, this tool limits the amount you can stake on a single spin
- Deposit Curfews - Do you find yourself vulnerable to making additional deposits at specific times, e.g., in the evening or at the weekend? Setting a deposit curfew will prevent you from making deposits during these times
With so many tools available, modern-day punters have everything they need to stay safe. So remember, gamble responsibly and keep it fun.
Top 20 Betting Offers
|
18+. New Customers Only. Max 1 x £10 Free Bet. Qualifying bets at Odds of 1/1 or greater. Paid as Bonus Token Min 4/5 Odds Req. Skrill, Neteller, Paypal not eligible. T&Cs Apply |
|||||
|
New customers only. 7 days to place qualifying bet of £10 at 1/1 (2.0) to receive 1 x £10 Football Free Bet, 1 x £10 Horse Racing Free Bet, 2 x £10 Free Bet Builders. 7 day expiry. Exclusions apply. Stake not returned. 18+. T&Cs apply. |
|||||
|
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. |
|||||
|
18+ New UK+IRE Customers only. Min first £5 bet within 14 days of account reg at min odds 1/2 to get 4x £5 free bets. Stake not returned. Restrictions + Free bet T&Cs apply. |
|||||
|
New customers online only. Eligibility restrictions apply. Only valid with code B10G40 on registration. £10 min qualifying bet at 1/1 (2.0) odds or greater across sports or racing (if EW then min £10 Win + £10 Place). Receive £20 Tote Credit, £10 Free Sports Bet and 50 Free Spins on Big Bass Bonanza within 48 hours of qualifying bet settlement. 7-day expiry on free bets & Tote Credit. Your first bet will be your qualifying bet. One per customer. UK & ROI customers only. 18+. Full T&Cs apply. Gambleaware.org.Full T&Cs apply. |
|||||
|
18+ New UK+ROI Customers only. Min deposit & bet £10 at min odds 1/2 to qualify for 4 x £10 free bets. Certain deposit methods and bet types excl. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply. |
|||||
|
18+ New customers only. Opt in via mobile or app & bet £10+ on any football market at 2.00+ odds within 7 days. No Cash out. Get 6x £5 Free Bets on selected markets. Free bets expire in 7 days. T&Cs apply. GambleAware.org | Please gamble responsibly |
|||||
|
New UK Customers only. Use code welcomeMB40. Sign up and place at least 3 bets of £10 or more on seperate events on your first day of betting. If account has net sportsbook losses at the end of first day's betting, Gentleman Jim will refund 50% of these as a free bet up to £40. Full Terms apply. 18+ begambleaware. |
|||||
|
New UK Customers. Register using code BETGETSPORTS. Must bet £10 in total on 4+ legs, min odds 4.0. £20 awarded as 4 X £5 free bets once settled, AND 50 Free Spins to use on Big Bass Splash (valued at 10p per spin). Free bet T&Cs Apply. 18+. BeGambleAware.org |
|||||
|
18+. BeGambleAware.org. New customers only. Min. £10 deposit, debit card only. Up to 50x wagering, game contributions vary, max. stake applies, 7 day expiry. See full terms. #AD |
|||||
|
1st deposit only | min deposit £10 | max bonus £10 | Min Odds 1/1 (2.0) | Max winnings £100 | 5 day bonus expiry | User agreement & Bonus T&Cs apply |
|||||
|
18+. New customers only. Place a minimum £50 bet on any selection with minimum odds of Evens (2.00) and receive a £20 free bet upon bet settlement. Freebet expires after 7 days. BeGambleAware.org. T&Cs apply. |
|||||
|
New bettors; Code SPORT; Wager deposit & bonus 8x; Max qualifying bet stake=initial bonus; Valid 60 days; Min odds, payment method exclusions apply; New customers only. T&C apply; 18+ |
|||||
|
New customers only. Register with BETFRED50. Deposit £10+ via Debit Card and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply. |
|||||
|
18+. New Customers Only. Min deposit £20. Maximum one £10 Free Bet & two £5 Bet Builder Free Bets. Qualifying bet must be placed at odds of Evens (2.00) or greater. Paid as bonus tokens: Token 1 Min odds Req: 4/5 (1.80). Token 2 & 3 are valid for Bet Builder only and are subject to min odds of 2/1 (3.00). T&Cs Apply. |
|||||
|
New Customers place a £25 fixed odds bet at minimum odds of 1/2. Get £50 in Free Bets as: 5 x £5 free fixed odds bets + 4 x £5 free Total Goals spread bets + 50 free spins on Starburst 18+. Full promotions terms apply. |
|||||
|
New Customers. Min Deposit: £5. Maximum Free Bet: £30. First qualifying bet with 3+ selections. Overall odds: 3.00+ (2/1). If first bet loses free bets will be credited after bet settled. 100 Free Spins on Gold Blitz credited on settlement of qualifying Acca bet. 18+. BeGambleAware.org. Bet The Responsible Way. Full terms apply |
|||||
|
New customers Deposit and place your first bet on Sports at odds of Evens (2.0) or greater. Once bet is settled you will receive 1x £10 Free Bet Token to be used on Football, 1x £10 Free Bet Token to be used on Horse Racing, and 20 Extra spins (value per spin 50p), to be used on Book of Dead. Total bonus value £30. Full terms apply. 18+ begambleaware. |
|||||
|
New Customers Only. Sign up with bonus code: EB20. Bet £20 and get £20 in Free Bets. Paid as £5 Free Bet on Soccer, £5 Free Bet on Horse Racing, £5 Free Bet on Multiples and a £5 Free Bet on any Market. Terms apply 18+ gambleaware.org. |
|||||
|
£10 min deposit. First bet mins odds 1.5 placed within 14 days of sign-up. 2 x £10 in Free Bets: valid for 7 days, free bet stakes not returned. Bet Responsibly. BeGambleAware.org. 18+ T&Cs apply.
|
