Best Betting Sites Bonuses 2020

What are the best betting site bonuses? There is extreme competition between sites as they fight for players in the much-maligned US-facing online sports betting market. For many new sports bettors, the size of the potential sign-up bonus is what brings them in the door. While this isn’t an optimal strategy for finding online sports betting sites it is often the deciding fact that helps newer sports bettors deposit into their first betting website.

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.

Below you will find the best sports betting sites for bonuses and rewards in 2020:

Rank Betting Site Deposit Bonus Highlights Get Started
#1 MyBookie Sportsbook

100% Up To $1,000
  • Popular
  • Good Payouts
  • Bet Variety
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#2 BetNow Sportsbook

100% Up To $500
  • Trustworthy
  • Accepts Credit Cards
  • Excellent Parlay Odds
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#3 Sportsbetting Sportsbook

50% Up To $1,000
  • Trustworthy
  • Fast Payouts
  • Accepts Crypto
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#4 Bovada Sportsbook

50% Up To $250
  • US Bettors Only
  • VIP Program
  • Low Rollover
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#5 BetOnline Sportsbook

50% Up To $1,000
  • Best In Class
  • Speedy Payouts
  • Accepts Crypto
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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 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…

Best Sports Betting Sites Bonuses In 2020

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

#1 MyBookie Sportsbook has seen a more significant rise in their player base in the last few years. They’re an ideal site for all pro sports betting due to their excellent software, generous sign-up bonuses, and an extensive list of betting markets.

They have a large assortment of prop bets on each game and a prop builder so that you can make your own prop bets. Credit and debit card deposits are free, which isn’t the case for many sportsbooks these days. They have loads bonus options as well, including a 100% Match Welcome Bonus, cash bonuses, reload bonuses and lots of other promotions and contests.

Sign-up today and receive a 100% up to $1,000

Additional MyBookie sportsbook bonuses to take advantage of:

  • 10% Cash Bonus up to $200
  • 25% Sports Reload up to $500
  • 250% Referral Bonus
  • 25% Up to $500 Reload Bonus
  • 8% Horse Rebate
  • 150% Casino Bonus up to $750

#2 BetNow Sportsbook

With a heavy focus on US betting markets, BetNow has an excellent track record and offers bettors a wide range of deposit methods and excellent withdrawal times. Their software is awesome and they have many awesome features, such as a prop-builder and a large assortment of live betting options.

The sportsbook, based out of Curacao, also has high limits and a very attractive bonus for new players.

Sign-up today and receive a 100% Up To $500 bonus

BetNow Sportsbook also offers these other bonuses:

  • 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

#3 Sportsbook is one of the top options for players looking to bet on the pro sports online. They have a host of bonuses for players, tons of betting markets, and a large assortment of cashier options and some of the fastest payouts online. Their live betting sports betting product is also one of the best for live betting.

Sign-up today to receive a 50% Welcome Bonus up to $1,000

Other great bonuses you can find at

  • 50% Welcome Bonus up to $1,000
  • 100% 1st Time Crypto Bonus up to $1000
  • 35% Crypto Reload Bonus
  • $25 Risk-Free Player Prop Bet
  • $25 Free In-Game Live Betting
  • $50 Free Play for Mobile Betting

#4 Bovada Sportsbook

Bovada is a legend in the industry. They’ve never had any issues with payouts in their long history and have over 20 years in offshore sports betting. Since their software upgrade a few months ago – they arguably have the betting software online. Their betting markets for pro sports are vast, which include a massive list of props and live betting. They’re also one of the few sportsbooks that have a VIP points program that offers value for bettors.

Sign-up today and receive a 50% Bonus Up to $250

Bovada Sportsbook also offers these other bonuses:

  • 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 Bonus

#5 BetOnline Sportsbook

BetOnline has an amazing reputation in the online sports betting market. They have been around for years and are known to take care of their members. This has prompted them to offer any new sign-ups, as well as their current members an assortment of bonuses, promotions, and contests.

You can find high betting limits for all major sports, as well as competitive odds compared to the competition. The BetOnline bonuses are meant to help you get a better bankroll when betting on any sports event.

Sign-up today to receive a 50% Up To $1,000 bonus.

Other bonuses BetOnline offers you:

  • 50% Welcome Bonus up to $1,000
  • 100% 1st Time Crypto Bonus up to $1000
  • 35% Crypto Reload Bonus
  • $25 Risk-Free Player Prop Bet
  • $25 Free In-Game Live Betting
  • $50 Free Play for Mobile Betting

How To Maximize Your Sports 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 does it come in handy when it’s time to complete the rollover, but it’s an excellent way to gauge the value 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 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

A common misconception with some newer sports bettors is 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 deposited amount and 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

If a player deposits $1,000 and receives a 25% match bonus in freeplays, 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 freeplay 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 if the sportsbook has competitive odds or is weak in certain areas.

Clearing 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 guide to Betting Sites Rollover Requirements.

Parlays – How To Clear A Rollover

Sports betting parlaysParlays are an excellent way to clear a bonus rollover. As we will discuss below, freeplay 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 to cashout time if a wager like this isn’t stopped by a bookmaker’s betting software.

Online Sports Betting Bonuses – Explained

During the early days of online gambling and before the passage of the 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, a player 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.

Sports Betting Site Bonus Offers – Free Play Online Bonuses

BetOnline Live Betting Free Play BonusIn today’s market, just about every online sportsbook gives bonuses to players in the form of freeplays. 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 freeplay. 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

Most bettors, especially if they’re beating their sportsbook for decent money, won’t get much more than their original deposit bonus. The sportsbook may also offer to reload bonuses at certain times of the year as well. 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.

Sports Betting Bonus Strategy Articles

We stress with all of our articles, we don’t want bettors to get tunnel vision. 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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