Best Online Sports Betting Sites For Bonuses, Offers, and Rewards In 2020

What are the best sports betting sites for bonuses, offers, and rewards? Well, there’s not an easy answer to this question. Nowadays, most of the sports betting sites are offering healthy betting bonuses. The reason is most of the online sports betting sites are offering various bonuses, offers, and rewards. The competition become immense and huge. For most of the new sports betting sites, the sign-up bonuses are the principal reason behind their success in the highly competitive betting markets. However, it is more or less sure that such bonuses won’t make them successful. But, at least, it will bring those sites a big opportunity of the door to become successful. Moreover, it is a great way to attract potential new bettors to their website. And, who could blame those new bettors? Is there any reason to blame at all?! No! Everyone likes to get more and more offers, big welcome bonuses, and get paid quickly. So, yes, it’s such a very attractive thing to them. Here, we will discuss the best online sports betting sites for bonuses, offers, and rewards in 2020.

Best Website For Bonuses, Offers, and Rewards In 2020

Here, we are giving out the best online sports betting sites for bonuses, offers, and rewards in 2020. Take a look. You might find the perfect suited betting sites for you from this list.

Best Sports Betting Sites For Bonuses, Promotional Offers, and Rewards 2020

Here, we are giving you the lists of best sports betting sites for bonuses and awards. If you’re new in the betting sector, then we are recommending you to read the reviews of these betting sites. We can assure you won’t regret it. Besides, you can even read the reviews by click here – Sportsbook Review.

1. 1xbet
   

   1xbet is undoubtedly a great betting marketplace and a perfect site for various bonuses and offers. Since the inauguration in 2011, the popularity of 1xbet has been rise significantly. They provide a variety of sports betting, high odds, special promotions, etc. The software is very excellent and they offer generous sign-up bonuses to the customers. Sign up here and get a 100% up to €130

   Other 1xbet sportsbook bonuses to take advantage of:

   • 1xBet offers new customers a 100% Bonus up to € 100 on the first deposit.
   • Accumulator of the Day
   • Bonus for a series of losing bets

2. Betway

   Betway is one of the world’s best and very resourceful online betting marketplace. The mother company of Betway is Betfair Group. Betway covers tons of games and tournaments. There are so many users of Betway around the world. The reason is Betway supplies tons of sports, higher odds for betting markets, VIP bonus, etc.

   1st deposit of €/$20+. Additional bonuses of up to €/$250

   Other Betway sportsbook bonuses to take advantage of:

   £30 Welcome Bonus
   Huge market offer
   Very good live betting console

3. Betfair

   Betfair is one of the most renowned betting companies that offer sports betting and casino type games. They are the part of Paddy Power Betfair Plc and started offering their sportsbook in 1999. After the successful first year, they started their online journey from 2000.200% of the first deposit amount in bonus funds

   Other Betfair sportsbook bonuses to take advantage of:

   • Improved odds
   • Sophisticated layout
   • Good VIP bonus

4. 888sport

   888sport is one of the most dynamic, resourceful online betting place. The parent company of 888sport is multi-award winning 888.com.Bet £10 Get £30

   Other 888sport sportsbook bonuses to take advantage of:

   • Extensive sports selection to bet on
   • Plenty of additional features like cashing out early
   • Huge range of betting options offered at appealing odds

5. 10Cric

   10CRIC is one of the biggest brands to establish a betting site in India. The brand has been active since 2019 and currently operates exclusively to the Indian subcontinent.

   1st Deposit – 100% up to 20,000 INR
   2nd Deposit – 75% up to 25,000 INR
   3rd Deposit – 50% up to 25,000 INR

   Other 10cric sportsbook bonuses to take advantage of:

   Big Welcome Bonus
   User-Friendly Interface
   Live bet bonus

What Is The Reason Behind Such Offers and Rewards From Sportsbooks?

Have you ever think why these online bookmakers supply such offers, rewards, free bets to the customers? There’s obviously a reason behind it. Nothing in this world is actually free. If you ever think that the sportsbooks are supplying such offers because they have a big heart, then you’re wrong. After all, they also need to conduct business. Here, we are giving you some notions behind this strategy of the bookmakers.

1. To Attract New CustomersThese betting sites offer you deposit bonuses because when you get the deposit bonus, you’ll be motivated to deposit money. Even, you could double or triple your starting bankroll. Moreover, they offer you free bets benefits so that you can break your doubts and overcome your anxiety about betting. After all, you don’t have to worry much if you lose the bet and get the guarantee to get back your money. So, it’s very simple that such rewards, promotional offers actually given by the bookmakers to attract more and more new customers to their site.
   
   
2. To Entice The Passive Customers
   
   Sometimes, there are many customers who effectively stops to bet. In order to make these inactive customers to active users, they offer them in many ways. For instance, sportsbooks use a reload deposit bonus to get them to make another deposit if they evacuate their account balance.
   
   
3. Reward The Existing Customers
   
   The online sportsbooks always care about their loyal customers. For this reason, they try to keep them happy with various offers and rewards. These bookmakers offer rewards such as VIP Rewards, Cash-back rewards, etc. This is actually a trick to the new users to spend more and make more bets. SO, they will be eligible to unlock those attractive rewards.
4. Showoff Their ImagesWhen the bookmakers offer bonuses and offers, users usually start talking about it and the bookmakers usually draw appraisal. So, it benefits them in the long run.

Note – One thing you have to keep in mind that such rewards or bonuses don’t come so easily. You have to fulfill various terms and conditions to get the benefits. Moreover, fulfilling such terms and conditions are so difficult task to do.

Online Sports Betting Bonuses – Explained

During the beginning days of online gambling, online bookmakers possessed a very sufficient amount of bonuses. The reason is at the beginning, the sportsbook wasn’t under many restrictions neither in legal threats. But, things started to change as time passes by. However, there are still excellent offers for bettors at offshore betting sites.

Additionally, the clearing of bonuses and the format these sportsbook offered has changed in recent times. The majority percent of all online sportsbooks in the US market offer what are called match bonuses. Match bonuses indicate that the sportsbook will “match” a piece of a player’s deposit.

For instance, a player if Sportsbook A has a match bonus of 25% up to $1000; then a player would have to deposit $3,000 to receive the maximum bonus amount of $1000.

The Most Common Type of Bonuses and Promotional Offers From Sportsbooks

If we talk about bonuses and promotions, then we can talk about various types of bonuses and promotional offers from the sportsbook. But, there are very few offers you can trust to find at almost every sportsbooks you come across online.

Here, we are providing you the list of most common, popular names of bonuses, promotions given by the sportsbook.

• Free Bets/Bonus Bets
  

  Almost every sportsbooks offer this Free Bets(Bonus Bets) to the people. Get $10 or $30 here. However, things aren’t so milky as they want to show you. Things are a little bit tricky. Here, we explain the real meaning –

  When a bookmaker offers a free bet, they’re not going to supply you money to bet with. It is a little bit “Risk-Free” bet. They’re actually offering you insurance.

  For example, say you find an offer for a “free live bet up to $30.” During your first-ever live bet, if you lose, the sportsbook will repay you up to $30. This offer only eligible if you lose.

  So, what will happen if you win the bet?

  Actually, nothing’s gonna happen!

  

  You will collect your winning money and that’s it. The offer is basically over. Some find this offer as a tension-free offer whilst some see this offer as a totally valueless offer.

• Deposit Bonus
  

  This is a very common bonus supplied by the sportsbook to its users. A deposit bonus is a match bonus – an offer from the sportsbook to match a percentage of your deposit up to so many dollars. This actually means is that for every $1 you deposit, the sportsbook will supply you $1. Moreover, if you deposit the entire $1000 and you’ll receive $1000 from the sportsbook, for a grand total of $2,000.

  Note – It would be smarter if you find a sportsbook that offers a higher percentage than 100%. For instance, if you find a 200% match bonus, the sportsbook will provide you $2 for every $1 you deposit. You can quickly double, triple or quadruple your bankroll if you find the right offer for yourself.

• Reload Bonus

  There is much similarity between a deposit bonus and a reload bonus. You can only notice two exceptions between them –

  Reload bonus applied to the existing customers. This offer isn’t applicable to the new ones.
  The size of the reload bonus is pretty much smaller than the deposit bonus.

• No- Deposit Bonus

  A no-deposit bonus is cash that the sportsbook gives you after you completed your sign-up for them. Furthermore, you don’t need to deposit to get it. Besides, this bonus ranges from $5-$50.
  

• VIP/Cashback

  The majority of sportsbooks will award you points for every $1 or $10 you bet. The principal reason behind it to collect points. After getting an enormous amount of points, you will move on to the VIP level. Besides, you can also exchange your points for cash back, merchandise, and other perks.

  On the other hand, sportsbooks with a multilevel VIP program are such a perfect book for the bettors. The reason is if you have a plan to make a lot of bets, then they will be ideal because they usually offer high exclusive bonuses, merchandise, insurance, and cashback.

  Furthermore, some multilevel VIP programs supply point multipliers for moving up in levels. This means you’ll earn points at a bit of a faster rate than the line below you. Most of the time, these same programs will expand the points-to-cash-back-ratio the higher up you go, too.

• Mobile, Bet, Sports or Event Specific Promotions

  Now, there’s can be a question hovering on your mind. Why such offers are in one line? Well, there’s certainly a reason behind it. All these offers are pretty much. There’s very little difference between them.

  Trying their mobile betting platform. Most of the time is a free bet.
  Betting on a selective sports
  Betting on a selective event like Cricket World Cup or Football World Cup
  Make a specific type of bet, such as an accumulator or parlay bet.

• Reduced Juice
  

  The juice is actually another word of vigorish or vig. This means reducing the fees. Sportsbook charges on losing bets. But, this offer helps to reduce the charge. For instance, reduced-juice discounts the vig you have to pay. For instance, a -100 line becomes -95. This saves you 50% in fees. 

• Refer-A-Friend

  This is kinda dealings type offers. You refer a friend about the sportsbook you’re using. Then, you’ll get a certain amount of fees. Most of the fees are varies between $50 to $150. One thing is you won’t get paid by the bookmakers until your friend makes a deposit. The bookmaker will surely deposit you as soon as your friend makes a deposit.

The Requirements of Getting Bonuses and Offers

So, what do you think of the discussion above? All these free-money bets are for real? Actually, they are real. But, there are still some conditions at all. The reason is simple – those bookmakers have to conduct business in the end. So, if you want to get bonuses and offers, you must fulfill certain requisites.

Here, we are discussing the most common terms and conditions for getting bonuses and offers.

• Rollover Requirements
  

  This rollover or playthrough requirements usually apply to deposit and reload bonuses. However, it’s good to expect them whenever you’re given money to make a bet. The idea behind the rollover requirement is not that complicated – the sportsbook wants you to wager your bonus multiple times before you can cash out the bonus.

  If you try to cash out before fulfilling your rollover requirements, many sportsbooks will deny that and say “no.” Others might degrade your winnings or take back your bonus money.

  Furthermore, if you have a plan to join in a deposit or reload bonus offer, one thing you should look at and compare between sportsbooks is their rollover requirement. Lower is usually better – a 10x rollover is indeed better than 20x. However, always double-check whether it’s only on the bonus, or if it’s on the deposit and bonus. Furthermore, it might mean you have to do some observations to learn which is actually better.

• Betting Requirements

  This is a term where some sportsbooks might suggest to you what you can bet or not. Sometimes, they can suggest you the minimum odds you should use to bet.

• Refer-A-Friend

  We’ve already talked about it. Some sportsbook won’t accept the bonus unless your friend signs up, accepts the terms and conditions, and obviously make a deposit. After the discussion, we are recommending you that please do not accept any type of offer or bonus unless you get enough knowledge about the requirements behind the bonuses and offers. At first, get sufficient knowledge then take the offer. The reason is if you lack the knowledge and take the bonus without getting sufficient knowledge, you mightn’t be able to cash out your winnings.

Another thing is please read the reviews and read the terms and conditions of these bookmakers thoroughly. Each bookmaker has a different type of T and C. After reading and understanding, then do the maths, think, and list which offers will help you in the long run. Just keep in mind that – this is the place of tricks. One miscalculation can damage you financially.

Frequently Asked Questions (FAQ)

The bonuses of the bookmakers are really helpful?

Answer – It’s pretty much helpful but there are various requirements and you need to earn knowledge about it before taking the bonus.

Which bonus will be best?

Answer – It’s hard to answer. Every bonus is unique in terms of the needs of different bettors. All you need to do maths which bonus will serve your purpose.

In addition, these bonuses, promotions, and offers are actually a big tool for the sportsbook to keep attracting the customers. One thing we want to specially tell you. The thing is that it doesn’t matter how good an offer looks, none of these offers are actually 100% free. There’s always been an apprehend. All you need to understand the trick. You should understand it by reading our review or reading the terms and conditions of the sportsbook. But, even though, these bonuses are not free, you can take them with great importance. After all, a little bit of luck and a little bit of research can change your life!