You want to bet on sports in New Zealand, but you don’t know where to start. You don’t want to miss out on any of the action, but you also don’t want to lose your shirt. This guide will tell you everything you need to know about the New Zealand sports betting industry. We’ll cover the types of bets you can make, the odds, and the best places to bet.
Sports betting is a popular pastime in New Zealand, with many punters taking advantage of the numerous bookmakers that operate both online and offline. If you’re new to sports betting, then this blog post is for you. We’ll take you through everything you need to know, from how to place a bet to the types of bets you can make, and we’ll even give you some top tips on how to win!
What is sports betting?
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bets upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests, such as horse racing, greyhound racing, and illegal, underground cockfighting. It is not uncommon for sports betting websites to offer wagering on off-beat events like the outcome of a particular reality show episode or which politician will win an election.
Where can Kiwis bet on sports?
In New Zealand, you can bet on sports at the TAB, which is the only legalised sportsbook in the country. However, there are many online betting NZ sites that offer a wide range of sports and markets for New Zealanders to bet on. Betway is one of these sites and offers up to $150 in free bets for new customers.
Are online sports betting in New Zealand legal?
While online sports betting is not currently explicitly illegal in New Zealand, it is still technically in a grey area. The Gambling Act 2003 only covers gambling that takes place within the physical borders of New Zealand, which means that online gambling falls outside of its scope.
However, the Gambling Commission has said that it is working on clarifying the legal situation surrounding online gambling, and it is expected that a new law will be passed soon that will explicitly outlaw online gambling. In the meantime, though, New Zealanders are technically allowed to gamble online if they so choose.
Types of sports bets in NZ
When it comes to sports betting, New Zealanders have a lot of options to choose from. There are many different types of bets that can be placed on various sports, and each one has its own set of odds. Decimal odds are the most common type of odds in New Zealand, and they are used by most online betting sites. fractional and moneyline odds are also available, but they are not as popular. Bet365 is one of the best online betting sites in NZ because they offer a wide variety of live betting and in-play betting options.
Sports betting odds
New Zealand is a country with a strong interest in sports, especially rugby, football, and cricket. So it’s no surprise that online betting is something that many New Zealanders enjoy. There are plenty of legal NZ betting sites that offer high odds and generous bonuses. And with the TAB, New Zealand’s racing and sports betting agency, online betting is easy and accessible. So if you’re looking to place a bet on your favorite sport, be sure to check out the great options available to New Zealanders.
How to place a bet?
It is not a crime to place bets online at licensed and regulated online sports betting destinations that are located outside of NZ borders. You can register through their website or app. Select the sport you want to bet on and the amount you wish to bet. Your bet will be placed, and if you win, the winnings will be deposited into your account.
NZ sports betting tips for Kiwis
As a Kiwi, you no doubt love your sports. And what better way to enjoy your favourite pastime than by having a little bet on the outcome? But if you’re new to sports betting, where do you start? Our betting tips cover all of the major sports loved by New Zealanders, and inside each sports tip, you will find a wealth of information that’s designed to help you make the right choices. An additional and important tip is to make sure that when you gamble, you are fresh, sober, calm, and collected. This will help you make the right choices. Betway is one of the best online betting sites in NZ because they have a great Bet Builder function and weekly free bet offers.
FAQs
In New Zealand, sports betting is only legal if the event is declared by Sport NZ under section 106. This means that you can only bet on sports that are approved by the government. However, you can still bet on sports online or through mobile apps. Additionally, it is legal to play online poker in New Zealand. If you are interested in betting on sports, then check out our online betting guide for New Zealand. We compare the best legal online betting sites in NZ and how to join, deposit, and withdraw money from your account.
How Kiwis can place a bet?
Sports betting is growing in popularity in New Zealand, with more and more people looking to place a bet on their favourite team or sporting event. But how do you actually go about placing a bet?
Here’s a quick guide on how to place a bet on sports in New Zealand:
Find a reputable bookmaker:
There are plenty of bookmakers operating in New Zealand, both online and offline. Do your research and find a bookmaker that offers good odds and has a good reputation.
Choose the sport you want to bet on:
Once you’ve found a good bookmaker, you need to choose the sport you want to bet on. Bookmakers offer odds on a wide range of sports, from football to cricket to horse racing.
Pick your market:
Once you’ve chosen the sport you want to bet on, you need to pick your market. This is the specific event or outcome you are betting on. For example, in football, you could bet on who will win the match or how many goals will be scored.
Enter your stake:
This is the amount of money you are willing to bet.
What types of bets can I make in NZ sports betting?
Sports betting in New Zealand is big business. There are many different types of bets that can be placed on sporting events, and the most popular ones are listed below.
Moneyline bets:
This is the simplest type of bet, where you simply pick who you think will win the match or event.
Point spread bets:
With this type of bet, the bookmaker will set a handicap for each team, making it more difficult for the favourites to win. You then need to pick which team you think will overcome this handicap.
Over/under bets:
In this type of bet, you are wagering on whether the total score in the match will be over or under a certain number set by the bookmaker.
Parlay bets:
A parlay bet is where you combine two or more bets into one, and all of your selections must be successful in order for you to win. These types of bets usually offer higher payouts than single bets, but they are also more difficult to win.
What is a parlay bet in NZ sports betting?
If you’re looking to add some excitement to your sports betting, a parlay bet could be just what you need. A parlay bet is a single bet that links together two or more individual wagers, and if all the wagers win, the bettor stands to win a much larger payout than if they had placed each bet individually.
So, for example, let’s say you wanted to place a parlay bet on the outcomes of three different football games. You might bet that Team A will win, that Team B will lose by less than 3 points, and that Team C will score more than 30 points. If all three of those things happen, then you would win your parlay bet and collect a much larger payout than if you had placed three separate bets on each game.
Of course, the downside to parlay betting is that if even one of your predictions is off, then you lose the entire bet. So it’s definitely a high-risk/high-reward proposition. But if you’re feeling lucky and want to go for the big payday, then placing a parlay bet might be just what you need.
What is a teaser bet in NZ sports betting?
A teaser bet is a type of bet that allows the bettor to adjust the point spread or total line in their favor. For example, let’s say the New England Patriots are playing the Buffalo Bills, and the point spread is 7 points. A bettor who takes the Patriots could “tease” the line down to 4 points, meaning they need the Patriots to win by 5 or more points to win the bet.
Final Thoughts
In conclusion, sports betting in New Zealand is a popular activity that many people enjoy. There are many different ways to bet on sports, and there are many different types of sports to bet on. If you’re interested in sports betting, be sure to do your research and understand the risks involved.
We hope you enjoyed this article on sports betting in New Zealand.
