Best Sports Betting Sites Bonuses In 2021

Best sportsbook bonuses

What are the best sports betting sites bonuses?

There is extreme competition between sportsbooks as they fight for players in the online sports betting market.

For many new sports bettors, the size of the potential sign-up bonus is what brings them in the door.

We have ranked the best sports betting sites for bonuses and promotions in 2020. Read everything about them before you claim your offer!

Best Sports Betting Sites For Bonuses

Rank Logo Name Paygrade Payout Speed Deposit Bonus Highlights Get Started
1 BetUS A+ Payout Speed: 125% Up To $2,500
  • Lots of bonuses
  • Offers VIP Program
  • Great software
Bet Now Discover More
2 Bovada A+ Payout Speed:2-3 Days 50% Up To $250
  • Softest odds in the market
  • Very fast payouts
  • Strong promotions and bonuses
Bet Now Discover More
3 MyBookie A Payout Speed:2-3 Days 50% Up To $1,000
  • Great betting software
  • Excellent software for live betting
  • Big welcome bonus
Bet Now Discover More
4 Sportsbetting A Payout Speed:2-4 Days 50% Up To $1,000
  • One of the fastest paying sportsbooks
  • Early odds for most events
  • Large sign-Up bonus and reload bonuses
Bet Now Discover More
5 Betonline A Payout Speed:2-4 Days 50% Up To $1,000
  • One of the largest sportsbooks online
  • Large betting limits
  • Post odds earlier than others
Bet Now Discover More

Top Sportsbook Bonuses In 2021

Here is the list of the best online betting sites bonuses for offshore sports betting:

#1 BetUS Sportsbook

BetUS Sportsbook offers one of the juiciest bonuses in the industry.

They have a 125% Up To $2,500 welcome bonus that is hard to ignore.

Additionally, they offer promos during the whole year and have amazing bonuses for crypto users.

Other bonuses BetUS offers you:

  • 125% Up To $2,500 Sign Up Bonus
  • 150% Crypto Bonus
  • 50% Re-Up Bonus
  • BetUS Loyalty Program
  • 150% Casino Bonus
  • 10% Cash Bonus + 20% Casino Bonus
  • 100% Referral Bonus
  • Casino Daily Promos

Visa
mastercard deposits
Amex deposits
bitcoin
Ethereum sports betting

#2 BetNow Sportsbook

BetNow sportsbook has an excellent track record in the industry and offers bettors a wide range of deposit methods and fast withdrawal processing times.

The sportsbook, based out of Curacao, has high limits and an attractive 100% Up To $500 bonus for first-time depositors.

BetNow Sportsbook also offers these other bonuses:

  • 100% Up To $500 Welcome Bonus
  • Refer-a-friend 20% Cash Bonus
  • Lifetime VIP Program
  • NFL King of the Hill Contest
  • 100% Casino Bonus
  • $10,000 per week Grand Slam Baseball Contest
  • $10,000 Weekly NBA Contest
  • 10% casino rebate
  • 8% horse rebate

Visa
mastercard deposits
Amex deposits
bitcoin
Bitcoin cash

#3 Bovada Sportsbook

Bovada Sportsbook has a smaller bonus compared to other sportsbooks on this list, but it comes with a much lower rollover. They’re one of the pioneers of offshore betting and are an elite option.

Bettors will get a 50% Up To $250 their first deposit at Bovada. It’s one of the few online sportsbooks that have a VIP Points cash program on all bets.

Bovada Sportsbook also offers these other bonuses:

  • 50% Up To $250 Welcome Bonus
  • 75% Bitcoin Sports Bonus Up to $750
  • $3,750 Bitcoin Casino Bonus
  • Reward Points Program
  • 200% Refer-A-Friend Bonus
  • Bitcoin Exclusive Membership
  • 100% Poker Welcome Bonus

Visa
mastercard deposits
bitcoin
Bitcoin Cash

#4 MyBookie Sportsbook

MyBookie Sportsbook is a newer online sportsbook on the offshore sports betting scene but it has a large variety of markets and offers a large deposit bonus of 50% Up To $1,000.

MyBookie has a prop builder and a massive list of markets, along with other top features.

Additional MyBookie sportsbook bonuses to take advantage of:

  • 50% Up To $1,000 Welcome Bonus
  • 50% up to $1,000 Sports Sign Up Bonus
  • 25% Sports Reload Bonus up to $500
  • 250% Referral Bonus
  • 10% Cash Bonus up to $200
  • 150% Casino Bonus up to $750
  • 8% Horse Rebate

Visa
mastercard deposits
bitcoin
Bitcoin cash
Litecoin

#5 Sportsbetting Sportsbook

SportsBetting Sportsbook gives bettors the ideal combination of quick payouts, large deposit bonuses, and high betting limits.

They have over a decade in the industry and offer new players a 50% Up To $1,000 on their first deposit.

Other great bonuses you can find at SportsBetting.ag:

  • 50% Up To $1,000 Welcome Bonus
  • 25% Up To $250 Sports Reload Bonus
  • 100% 1st Time Crypto Bonus up to $1000
  • 35% Crypto Reload Bonus
  • 200% Refer-A-Friend Bonus
  • $3,000 Casino Bonus
  • 100% First Deposit Poker Bonus Up To $1,000
  • $25 Risk-Free Player Prop Bet
  • $25 Free In-Game Live Betting
  • $50 Free Play for Mobile Betting
  • 20% Weekly eSports Rebate

Visa
mastercard deposits
Amex deposits
bitcoin
Ethereum sports betting

Sportsbooks Bonuses 101

Sports Betting Bonuses

While solely looking for sign-up offers and bonuses isn’t an optimal strategy for finding online sports betting sites, it is often the deciding factor that helps newer sports bettors make a deposit for the first time.

Who could blame them? Everyone likes free money, and if a betting site is offering a large welcome bonus and they pay players quickly, we can’t blame those who sign up to take advantage.

However, the “catch” when it comes to bonuses at online sportsbooks is that they aren’t all created equal.

There are many factors to consider when looking to take advantage of sports betting bonus offers, but the key here is to read the fine print and understand the rules involved in clearing each type of bonus. Read on!

Match Bonuses Explained

During the early days of online gambling and before the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA), online sportsbooks had much larger bonuses.

In those days, the industry wasn’t under much legal threat, and processing payments was much cheaper and easier.

Times have changed, but there are still excellent offers for bettors at offshore betting sites.

However, the clearing of bonuses and the format they are offered has changed quite a bit. Almost all online sportsbooks in the US market offer what are called match bonuses.

Match bonuses mean that the sportsbook will “match” a portion of a player’s deposit.

For example, if Sportsbook A has a match bonus of 25% up to $500, then a player would have to deposit $2,000 to receive the maximum bonus amount of $500.

How To Maximize Your Sports Betting Bonus

How To Maximize Your Betting Bonus

We can’t stress enough how important it is to read the fine print when depositing and taking advantage of a bonus.

Not only will this come in handy when it’s time to complete the rollover, but it’s an excellent way to gauge the value of a bonus and avoid ones with higher rollover rates.

There is one final note to keep in mind when depositing for the first time to clear a bonus.

Most of the time, the free play bonus is only valid on your first deposit. If the bonus offer is strong, players should do all they can to get the maximum amount possible.

For instance, if the sportsbook is offering a 50% match bonus up to $1,000, bettors should try to deposit $2,000 to receive the max bonus of $1,000.

Rollovers On Online Sportsbook Bonuses

Some newer sports bettors may be under the misconception that a bonus is simply given to players for depositing funds at a sportsbook. This is not the case.

If sportsbooks were giving away money to all the players who deposit (with no strings attached), they would be broke in a matter of weeks. Every bonus a player receives will have an attached “rollover.”

The rollover is the number of times a deposited amount and a bonus must be wagered before the bonus can be withdrawn.

Specifications on the amount that must be wagered may vary, but the above requirements are pretty standard for most rollover requirements in regards to terms.

Bonus Rollover Explained

So how do bonus rollovers work? Here’s an example:

  • If a player deposits $1,000 and receives a 25% match bonus in free plays, his free play balance would be $250.
  • With a rollover amount of 3x, the player would have to wager $3,750 ($1,250*3 = $3,750) before he can withdraw any free play winnings.

A 3x rollover is about as good as it gets in the offshore industry. Anything between 3-6x is above average and excellent, and bettors should have no issues rolling over the bonus and turning in some profit if they know which markets to attack.

Many sites offer bonuses with much higher rollover rates, with the standard around 15x.

Anything higher than this is not ideal but doesn’t mean it’s not worth it if the sportsbook has competitive odds or is weak in certain areas.

Clearing Bonus Rollovers

There are several strategies that players use to clear free play bonuses. Of course, players may not need a strategy at all if they can find inefficient lines or have the ability to chase steam moves profitability.

If the sportsbook simply is posting soft numbers, players know where to attack them, but combining these tips below may help them win even more.

Want to know more? Read out our guide to sports betting sites rollover requirements.

How To Clear A Rollover With Parlays

Sports betting parlays

Parlays are an excellent way to clear a bonus rollover. As we will discuss below, free play bonuses don’t work the same way as cash.

Free plays will only return the win and not the staked amount.

Parlays allow players to utilize the same free play more than once. They are the only types of bet that continuously places the stake and win onto the next selection.

3-team parlays are the best for accomplishing this goal. These bets would not have a positive expectation under any other scenario but are extremely valuable for free play bonuses.

Bettors will be able to apply the free play stake to three different bets, which maximize their chance or profiting.

3-team parlays not give you the best odds, but most free play wagers have limits on the amount players can win.

They are usually capped at several thousand dollars, which means betting larger parlays makes little sense since their winnings will be capped.

Most software doesn’t allow players to do this, but it could be an issue down the road when it comes time to request a payout if a wager like this isn’t stopped by a bookmaker’s betting software.

Free Play Bonuses Vs. Cash Bonuses

In today’s market, just about every online sportsbook gives bonuses to players in the form of free plays.

Whether it’s a first-time deposit or a reload bonus, the vast majority of times that players receive a bonus at a betting site, it will be in the form of a free play.

Understanding a free play is quite simple, but it’s important to realize the distinction between a freeplay and receiving a cash bonus, which has become much rarer these days.

When we wager with a free play bonus, it’s vital to understand that win or lose, that freeplay funds will be gone regardless of the outcome of the ticket.

  • For instance, if we wager $220 in free play funds to win $200, the $220 will leave our free play balance for good.
  • If the bet loses, the amount will be deducted from our free play balance, and we won’t receive any winnings in our normal account balance.
  • However, if the bet wins, we will receive the $200 in winnings from our account balance and our free play amount will still be deducted by $220.

When comparing this to a cash bonus or simply a wager from your normal account balance, there is one vital difference.

Cash bonuses and wagers made out of your account balance will return your original stake, plus your profits on a winning wager.

  • For instance, if you bet the same $220 to $200 to with a cash bonus and won, you would return $420 (your $220 stake and $200 in winnings).

For this reason, cash bonuses are preferred compared to free play bonuses, but as mentioned above, are much rarer.

Additional Bonus Options For Offshore Sports Betting

Sportsbooks may also offer reload bonuses at certain times of the year or as a feature for players if they lose their first deposit. All reload bonuses come with similar requirements and rollovers as welcome bonuses or first-time deposit bonuses.

There’s a chance that a sportsbook may offer individual players extra bonuses or deals, but these are usually reserved for those that have consistently lost money at the sportsbook.

We hope that our readers won’t be the ones giving away their bankrolls to the oddsmakers.

Always remember that utilizing sportsbooks for their bonuses can be extremely lucrative, but it’s always important to monitor withdrawal speeds and go with trusted sites.

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