With the development of the oil industry and the increasingly complex drilling environment, the performance of drilling fluids has to be constantly improved. In order to solve the problem of bentonite dispersion and hydration in a saline medium, a drilling fluid additive with good performance and acceptable cost was sought. The effects of several water-soluble polymers, such as cellulose polymers, synthetic polymers and natural polymers, on the rheology and gel suspension stability of calcium-based bentonite were compared in this study. Among the examined polymers, the xanthan gum biopolymer (XC) was the least negatively affected in the saline medium used. However, its high price limits its industrial application in oil and gas drilling fluids. In this study, a salt-tolerant polymer, modified plant gum (MVG), was prepared by a cross-linking modification of a natural plant gum, which is abundant and cheap. Then, a salt-tolerant polymer mixture called SNV was prepared, composed of the salt-resistant natural polymer MVG and the biopolymer XC. The salt tolerance and pulping ability of SNV and common water-soluble polymers were evaluated and compared. We then selected the most suitable Herschel–Bulkley model to fit the rheological curve of the SNV–bentonite aqueous suspension system. SNV improved the rheological properties of the calcium-based bentonite slurry and the dispersion stability of bentonite. In an SNV concentration of 0.35%, the apparent viscosity (AV) of the base slurry increased from 2 mPa·s to 32 mPa·s., and the low shear reading value at 3 rpm increased from 0 dia to 5 dia. This could greatly improve the viscosity and cutting carrying capacity of the bentonite drilling fluid. The bentonite drilling fluid prepared with SNV could be directly slurried with brine and even seawater; this means that when drilling in ocean, coastal saline water and high-salinity-surface saline water areas, the slurry preparation cost and preparation time can be conveniently reduced.