How to bet on sports in New Zealand

Updated October 2026

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Available in US

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18+ Only

New Zealand does things its own way, and sports betting is one of them. Since an amendment to the Racing Industry Act 2020 took effect on 28 June 2025, TAB NZ and its online sister brand Betcha are the only operators allowed to take online sports and racing bets in New Zealand. The Department of Internal Affairs told unlicensed providers to withdraw with immediate effect, and there is no licence register for bookmakers because there is only one lawful provider. Anything else a New Zealand player encounters online is an offshore brand running outside the local framework, and the choice that follows is sharper than the welcome page suggests.

This page walks through what that means for someone who wants to have a punt. It covers who may lawfully take your bet, how fixed-odds and tote bets work, what the bookmaker’s margin does to a price, which sports and tournaments you can bet on, and how to read a bet slip without being misled. The comparison at the end looks at TAB and Betcha alongside ten offshore brands that New Zealand players meet in practice, judging each by the same criteria, with the legal status named in plain language.

Current as of October 30, 2026. Licence claims verified against the Department of Internal Affairs register of gambling operators and the Racing Industry Act 2020.

The betting landscape in New Zealand

New Zealand runs a betting monopoly. TAB NZ holds the statutory right under section 74AAA of the Racing Industry Act 2020 to offer racing and sports betting to people in New Zealand, and that right took its current shape on 28 June 2025 when the Racing Industry Amendment Act 2025 came into force. The law is not subtle: no person other than TAB NZ may offer racing betting, sports betting or other racing or sports betting to a person in New Zealand, regardless of where that person is resident or incorporated. There is no second licence to apply for, and the regulator has not opened a licensing route.

What that produces in practice is two online brands. TAB (the long-standing brand at tab.co.nz) and Betcha (launched by TAB NZ’s partner Entain in August 2024) are the two lawful online shops. They share a wallet, a harm-minimisation framework and a single set of safer-gambling tools; they are not rivals. The Racing Industry Act 2020 does not block offshore websites; it puts liability on the operator that serves a New Zealand customer. New Zealand does not geo-block, and an individual player is not the target of enforcement under section 19(4) of the Gambling Act 2003 (inserted in 2025). What DIA does do is warn: overseas operators may be in jurisdictions with minimal consumer safeguards, may not return unspent credits, and may not pay out large wins. That is the practical difference between betting at TAB and betting anywhere else from a New Zealand address.

The business underneath the monopoly is structured around a 25-year agreement signed in 2023. Entain runs the TAB business and takes a 50/50 share of gross profits, with at least NZ$150 million a year flowing back to TAB NZ for the first five years. Entain also pledged a one-off NZ$100 million payment to the racing sector when the partnership was signed. The structure is meant to fund New Zealand racing and sports codes through TAB NZ’s returns; offshore brands keep theirs.

What the law actually says

The Racing Industry Act 2020 is the statute, and section 74AAA is the operative line. It says no person other than TAB NZ may offer racing betting, sports betting or other racing or sports betting to a person in New Zealand, and it covers events held inside and outside the country. The change took effect on 28 June 2025, and DIA’s communication to providers serving New Zealand was to withdraw with immediate effect. There is no published penalty for a player; the law targets the operator.

A few lines worth keeping straight:

• The age for TAB NZ betting is 18. Betting under 18 is an offence under section 89 of the Racing Industry Act 2020. Land-based casinos set 20 as the threshold; the two are not interchangeable.
• TAB NZ accounts require a verified New Zealand address and ID. There is no anonymous or VPN route into a TAB NZ account, and no specific rule on crypto or VPN use for offshore brands has been published beyond the fact that an offshore operator is on the wrong side of section 74AAA.
• TAB NZ lists deposit limits, time-outs and self-exclusion in its apps, and an exclusion applies across TAB and Betcha. There is no single national online-betting exclusion register; the register the 2026 online casino law will require is for online casinos only.
• Greyhound racing is closing in stages from 1 August 2026, and from that date offshore operators may not take bets on greyhound races either, since the betting prohibition follows the underlying event once it ceases.
• The Online Casino Gambling Act 2026 licenses online casino gambling only and does not extend the betting monopoly. TAB New Zealand winning the right to apply for a casino licence does not change who may take a sports bet.

On advertising: the Advertising Standards Authority’s Gambling Advertising Code applies to betting advertisements. Ads must not target children (under 14) or young people (14 to under 18), judged by context, appeal and expected audience (25% or more of the audience counts as significant where accurate data exists), must not encourage harm, and must be truthful with terms available. No New Zealand equivalent of a “whistle-to-whistle” ban was found. TAB NZ runs “bonus bets” promotions; no New Zealand rule on bet-bonus size or wagering terms was found, so any terms you see come from TAB NZ’s own rules.

On tax: recreational gambling winnings are generally not taxable in New Zealand, and prize money from TAB horse, dog and trotting races is not taxable. A person who bets as a business is a different case, and the right advice is to consult Inland Revenue or an accountant. The point-of-consumption charge on offshore racing and sports bets ceased on 30 June 2026, so that mechanism is no longer how the offshore market is taxed into compliance. Operator-side, overseas operators supplying New Zealand residents pay online gambling duty (12% of profits since 1 July 2024, rising to 16% from 1 January 2027); a duty being payable does not make an offer lawful, and the page never writes that tax payment shows a bookmaker is legal.

Safer gambling in New Zealand

The harm-minimisation framework in New Zealand sits with TAB NZ because TAB NZ is the only lawful provider. The tools are real, and they sit inside the apps:

• Deposit limits, time-outs and self-exclusion are available in the TAB NZ app, and a self-exclusion applies across both TAB and Betcha.
• The free Gambling Helpline is 0800 654 655, with a text line at 8006, and Safer Gambling Aotearoa is the public-facing service.
• TAB NZ pays a Problem Gambling Levy of 0.74%, in force from 1 July 2025 to 30 June 2028, which funds harm-prevention services.

The practical point is what the framework does for a player who decides to step back. A self-exclusion at TAB NZ is one exclusion that covers both brands, and the deposit limits cap how much money can move into the wallet in a chosen period. Offshore brands are a different story: there is no New Zealand complaints route that reaches them, no harm-minimisation framework that applies, and no obligation to honour a self-exclusion if the player later asks. A player who bets offshore has the house rules of that operator and whatever regulator oversees the licence it names, which is typically Curaçao. The local framework protects only New Zealand accounts.

Regulatory oversight is provided by the Department of Internal Affairs, which monitors compliance with the betting prohibition. If a player has a dispute with TAB NZ that the operator does not resolve, the path is to escalate through TAB NZ’s own complaints process first. Offshore disputes have no equivalent path; the player’s remedy is whatever the offshore brand’s own terms provide and whatever regulator oversees the licence it names.

Bet types and how odds work

A bet has three pieces: a stake, a price, and a selection. The stake is what you pay; the price (in decimal form, the standard in New Zealand) says how many dollars you get back per dollar staked if the bet wins, including your stake. So a $10 bet at $2.10 returns $21 — the $10 stake plus $11 of net profit. The selection is the outcome you are backing.

Fixed-odds bets lock the price at the moment you place the bet. Tote bets (also called pool bets) pool all stakes on a race into one dividend, and the payout depends on how many people backed each runner; the dividend is declared after the race. TAB NZ takes both forms. Fixed-odds gives you a known return for a known stake; tote gives you a variable return that depends on the pool and the deductions TAB NZ takes.

The main bet types a TAB NZ punter meets:

• Win: backs the runner to finish first. Place: backs the runner to finish in the top two or three (depending on the field size). Each Way: two equal bets, one to win and one to place, so a $10 each-way bet costs $20.
• Quinella: pick the first two in any order. Exacta: pick the first two in correct order. Trifecta: first three in correct order. First4: first four in correct order.
• Double: pick winners of two consecutive races. Treble: three. Daily Double and Running Double: TAB NZ-specific formats that pair races. Quaddie: pick the winner of four designated races at a meeting; the pool is large and the dividend can be substantial. Big6: TAB NZ’s six-leg variant.
• Multis (accumulators): combine legs from different events into one bet. Same Game Multi (SGM): combine legs from one event. All legs must win for the multi to pay.

The price on a multi is the product of the prices on its legs, so a four-leg multi at $1.50, $1.80, $2.00 and $2.50 prices at $13.50. The downside is that all legs must win; one loser kills the bet. Same Game Multis let a punter combine correlated outcomes (a team to win and a player to score, for instance), but the prices on each leg are reduced because the bookmaker knows which combinations are likely to be picked together.

The bookmaker’s margin and what it does to a price

Every price carries the bookmaker’s margin. The margin is what the bookmaker keeps of every dollar bet on a market, on average, after all payouts are made. It is the cost of betting, baked into every quote. A market with a 5% margin returns 95% to punters in the long run; a market with an 8% margin returns 92%. The return to the punter is the payout share, and payout share plus margin is 100%.

The way to see the margin is to add up the implied probabilities of every outcome in a market. A $2.10 price implies a probability of 1/2.10 = 47.6%; a $1.90 price implies 1/1.90 = 52.6%. In a two-way market with both sides at $1.90, the implied probabilities add to 47.6% + 52.6% = 105.3%. The 5.3% above 100% is the bookmaker’s margin, and the payout share is 94.7%. The market with $2.10 / $1.80 has implied probabilities of 47.6% + 55.6% = 103.2%, a 3.2% margin and a 96.8% payout share.

For an illustrative two-way market priced at $1.90 on each side, the implied probabilities sum to roughly 105.3%, the margin sits around 5%, and the payout share lands near 95%. The exact number moves with the prices: a $1.95 / $1.95 market has a margin of about 2.6%; a $2.00 / $1.80 market has a margin closer to 5.6%. The narrower the margin, the more of each dollar bet comes back to punters in the long run. This is why professional bettors shop margins the way investors shop fees.

The margin is not the same as the vig, the juice or the take — those are colloquial terms for the same concept. It is also not the same as a fee: TAB NZ does not charge a separate betting fee on top of the margin. The margin is inside the price.

Sports, codes and tournaments

TAB NZ’s app covers horse and harness racing, rugby union and rugby league, and a broad sports menu across football, basketball, tennis, cricket, American football, baseball, ice hockey and motorsport. Pre-match and live betting are both offered, and the app carries a 17+ App Store age rating while stating that customers must be 18 or over to bet. Trackside live race streaming with in-app betting is in the app, alongside racing form, Blackbook and Jockey Challenge tools and a simplified wallet.

Betcha, the other lawful brand, covers horse, greyhound and harness racing plus rugby, NRL, MMA/UFC, NBA, NFL, tennis, cricket, football, motorsports and esports. The app was first released on 6 August 2024, and it shares the TAB NZ wallet and safer-gambling tools. Since greyhound racing is closing in stages from 1 August 2026, greyhound markets will narrow over the period.

The major tournaments a TAB NZ punter meets in 2026 include:

• Horse racing: Melbourne Cup, the New Zealand spring carnival, and the major Australian Group 1s through TAB NZ’s partnership with the Australian tote. Harness racing features the Inter Dominion and the New Zealand Trotting Cup.
• Rugby: Super Rugby Pacific, All Blacks test matches, NPC, and NRL (state-by-state through Australian partners).
• Cricket: Black Caps home internationals, the Plunket Shield, and overseas leagues through TAB NZ’s partner feeds.
• Football: A-League, the OFC Champions League, and the English Premier League, Champions League and World Cup qualifiers.
• Basketball: NBL (Australasia), NBA.
• American sports: NFL, MLB, NBA, NHL through partner feeds.
• Tennis: the four Grand Slams, ATP and WTA tour events.
• Esports: covered by Betcha; the statute’s treatment of esports betting as “sports betting” is not established, so TAB NZ’s coverage of esports lives in the Betcha brand rather than the core TAB offering.

What may not be bet on in New Zealand is politics or novelty markets through TAB NZ, and there is no established market for spread betting or betting exchanges. Bets on esports are available through Betcha; whether esports betting counts as “sports betting” under the Racing Industry Act is not established, and the page does not assert either way.

How a bet works from selection to payout

The practical order a TAB NZ punter goes through is the same sequence whether the bet is fixed-odds or tote:

1. Open a TAB NZ account. Verification requires a New Zealand address and ID. The age requirement is 18.
2. Deposit via TAB NZ’s accepted methods (operator-level, set in TAB NZ’s terms). The wallet is shared with Betcha.
3. Select a market. TAB NZ’s app lists racing, sports, and live betting under separate tabs. Trackside live race streaming is in the app for racing.
4. Choose a bet type (Win, Place, Each Way, Quinella, Trifecta, First4, a multi, a Same Game Multi, etc.) and a stake. The bet slip shows the potential return for fixed-odds bets.
5. Place the bet. For fixed-odds, the price is locked at that moment. For tote, the bet goes into the pool.
6. Settle. Fixed-odds bets settle as soon as the event is decided. Tote bets settle when the dividend is declared; the dividend is published after the race.
7. Payout. Winning bets are paid back to the TAB NZ wallet; withdrawals go back through the same method as the deposit, subject to TAB NZ’s terms.

Where it stalls: a bet cannot be placed until the account is verified, and a withdrawal cannot be processed until the deposit method has been confirmed. Self-excluded accounts cannot place bets until the exclusion period ends and the account is reopened through TAB NZ’s process. Limits at TAB NZ are operator-level; there is no statutory per-bet cap.

What it looks like when it works: a $10 fixed-odds Win bet at $3.50 on a horse returns $35 if it wins, credited to the wallet within minutes of the race result being official. A $5 Trifecta bet that lands returns the declared dividend times $5; the dividend is a multiple of the stake, and the return depends on the pool size and the deductions.

The comparison: TAB NZ brands and the offshore brands New Zealand players meet

The comparison below covers TAB and Betcha first, then ten offshore brands that New Zealand players encounter in practice. The first two are the only lawful options in New Zealand. The rest are listed because New Zealand players meet them, rated by the same criteria, and each is marked as not licensed in New Zealand. This is not a ranking and not a recommendation: the offshore brands do not have a New Zealand licence, and the page never merges the two groups.

The columns are: brand, New Zealand status, and what the operator’s own terms state on the key subject (the bettor’s situation, the harm-minimisation framework, the limits that apply). Where the operator’s own terms are not public, the column reads “not stated”.

The table tells one story in three columns. The first column is the brand. The second is the legal status: two TAB NZ brands above the line, ten offshore brands below it. The third column is what each operator tells its customers about itself; that column is the operator’s own framing, not an endorsement.

The reader-side read of the spread is that TAB and Betcha carry a New Zealand harm-minimisation framework, an exclusion that holds across both brands, and a regulator the player can escalate to. The offshore brands carry the licence they name (most often Curaçao), their own house rules, and no path to a New Zealand complaints body. A punt on the Melbourne Cup at TAB carries a different risk profile to the same selection at an offshore brand: at TAB the dividend is paid by the same operator that takes the bet, under New Zealand law, with a New Zealand complaints route; offshore, the dividend is paid by an operator in another jurisdiction under that jurisdiction’s rules.

TAB (tab.co.nz)

TAB is the long-standing brand of TAB NZ. The app covers horse and harness racing, rugby union and rugby league, and a broad sports menu, with pre-match and live betting. Trackside live race streaming with in-app betting is in the app, alongside racing form, Blackbook and Jockey Challenge tools. The wallet is shared with Betcha, so a single TAB NZ account works across both brands. Deposit limits, time-outs and self-exclusion are in the app, and a self-exclusion at TAB applies to Betcha as well.

The market coverage is broad by New Zealand standards and narrow by global standards. A TAB punter gets thoroughbred, harness and greyhound racing (greyhound until 1 August 2026), the major New Zealand and Australian codes, and the major international sports through partner feeds. Same Game Multis are available, and the racing markets include Win, Place, Each Way, Quinella, Exacta, Trifecta, First4, Double, Treble, Daily Double, Running Double, Quaddie and Big6. The published betting rules are the contract; the bettor reads those before placing a complex bet.

The judgment: TAB is the right choice for a New Zealand punter who wants a verified New Zealand account, the full local harm-minimisation framework, and a regulator to escalate to. The breadth of the market is wider than the offshore brands offer in practice for New Zealand racing, and the same-wallet convenience across TAB and Betcha is real. The trade-off is that no other brand can lawfully take the bet; the choice is between TAB NZ and an offshore operator running outside the local framework, and the price a TAB consumer pays for the framework is the price that sits inside every TAB quote.

Betcha (betcha.co.nz)

Betcha is the newer TAB NZ brand, launched by TAB NZ’s partner Entain in August 2024. The app covers horse, greyhound and harness racing plus rugby, NRL, MMA/UFC, NBA, NFL, tennis, cricket, football, motorsports and esports. It shares the TAB NZ wallet, so a TAB NZ account works at Betcha without a separate deposit. The safer-gambling tools and the self-exclusion apply across both brands.

The differentiation from TAB is the sports menu and the brand presentation. Betcha’s esports coverage is broader than TAB’s, and the app is positioned for a sports-betting-first audience rather than the racing-first audience TAB’s long-standing customer base skews toward. The wallet and the harm-minimisation framework are identical; the experience is what changes.

The judgment: Betcha is the right choice for a punter whose betting is sport-led rather than racing-led, who wants the same New Zealand framework as TAB, and who is comfortable with a newer app. The greyhound coverage narrows from 1 August 2026 with the wider greyhound closure, and the esports markets sit in a regulatory grey zone under the Racing Industry Act.

Thunderpick

Thunderpick is esports-first. The sportsbook covers CS2, League of Legends, Dota 2 and Valorant, and extends into the Champions League and the NFL. Cash-out is offered. The licence is Curaçao (OGL/2024/677/0722, holder Paloma Media B.V.), which gives no right to take bets from people in New Zealand; Thunderpick is not licensed in New Zealand, and the New Zealand harm-minimisation framework does not apply.

The judgment: Thunderpick is the right choice for a New Zealand-based esports bettor whose primary menu is CS2, LoL, Dota 2 or Valorant, and who is willing to bet outside the New Zealand framework. The legal status is not a technicality: section 74AAA prohibits the operator from taking the bet, and DIA warns of the operator-side risks. A New Zealand player who bets here does so outside the local complaints and harm-minimisation routes.

BigClash

BigClash offers pre-match and live sports betting across international and local leagues, plus virtual sports and esports on FPS and MOBA titles. The licence is Curaçao (8048/JAZ), which gives no right to take bets from people in New Zealand. BigClash is not licensed in New Zealand.

The judgment: BigClash suits a bettor who wants a broad pre-match and live menu and is comfortable with virtual sports and esports under one roof, betting outside the New Zealand framework. The menu is the draw; the regulatory risk is the trade-off.

Telbet

Telbet describes itself as a crypto casino and sportsbook. The site offers in-play betting and a My Bets page, and publishes separate sports betting rules, bonus terms and responsible-gambling and AML policies. No licence that applies in New Zealand is named. Telbet is not licensed in New Zealand.

The judgment: Telbet suits a bettor who wants to bet and play casino under one account and is comfortable using crypto, accepting that the New Zealand framework does not apply. The published policies are a positive sign that the operator has internal processes; the legal status in New Zealand is unchanged.

RTbet

RTbet’s sportsbook covers football, tennis, table tennis, basketball, ice hockey, American football and baseball, with live betting and virtual sports. The licence is Curaçao, which gives no right to take bets from people in New Zealand. RTbet is not licensed in New Zealand.

The judgment: RTbet suits a bettor whose menu is mainstream North American and European leagues, with live betting as a priority, betting outside the New Zealand framework. It offers a standardized offshore sportsbook experience with no New Zealand-specific protections.

22Bet

22Bet offers over 30 market types per event, including 1X2, Double Chance, totals, both teams to score, correct score and HT-FT, plus tennis game, set and handicap markets. The licence is Curaçao (8048/JAZ), holder TechSolutions Group N.V., which gives no right to take bets from people in New Zealand. 22Bet is not licensed in New Zealand.

The judgment: 22Bet suits a bettor who wants market-type depth on football and tennis, and is comfortable betting outside the New Zealand framework. The market-type count is the strongest feature on the offshore side of the list.

Roobet

Roobet’s sportsbook covers soccer, basketball, tennis, Counter-Strike, FIFA, baseball, ice hockey, MMA and table tennis. The terms require players to be 18 or older. The licence is Curaçao (OGL/2024/687/0427), holder Raw Entertainment B.V., which gives no right to take bets from people in New Zealand. Roobet is not licensed in New Zealand.

The judgment: Roobet suits a bettor who wants mainstream North American and European sports alongside a crypto-native casino, betting outside the New Zealand framework. The 18+ age floor matches TAB NZ’s, which is the only point of parity; the regulatory floor does not.

Spinbara

Spinbara advertises a first deposit bonus of 100% up to EUR 100 and a sport crypto welcome bonus of 100% up to 200 USDT, alongside a casino welcome bonus of 100% up to EUR 500 plus 200 free spins. No licence that applies in New Zealand is named. Spinbara is not licensed in New Zealand.

The judgment: Spinbara suits a bettor who wants a casino and a sportsbook under one account with a crypto deposit bonus, betting outside the New Zealand framework. The bonus structure is the key draw; the regulatory protections are absent.

Alawin

Alawin’s sportsbook covers football, tennis, table tennis, basketball, ice hockey, American football and baseball, with Live Betting, Virtual Sports and esports. No licence that applies in New Zealand is named. Alawin is not licensed in New Zealand.

The judgment: Alawin suits a bettor whose menu is mainstream North American and European sports with live betting and esports, betting outside the New Zealand framework. The offer is consistent with offshore norms, but it provides no New Zealand-specific consumer framework.

Ivibet

Ivibet’s sportsbook menu lists Sports Betting, Live Betting, Racing, Forecasts, Boosted Odds and Copy Bets alongside its casino and live casino sections. Ivibet is not licensed in New Zealand.

The judgment: Ivibet suits a bettor who wants a Copy Bets feature (following other bettors’ selections) alongside the standard menu, betting outside the New Zealand framework. The Copy Bets angle is the differentiator; the legal status is unchanged.

BillyBets

BillyBets runs a casino and a sportsbook under one account. The sportsbook covers football, tennis, table tennis, basketball, ice hockey, American football, baseball, combat sports, esports, virtual sports and live betting. Cashback and reload bonuses are offered on sports, and a coin shop lets coins from depositing, betting, tournaments and challenges be exchanged for free bets and free spins. The VIP programme has five levels. BillyBets is not licensed in New Zealand.

The judgment: BillyBets suits a bettor who wants a casino-sportsbook hybrid with a loyalty mechanic and is comfortable betting outside the New Zealand framework. The coin shop and the VIP ladder are the engagement layer; the legal status is the cost.

What a punt actually costs

A bet’s cost to the punter is the margin baked into the price. The narrower the margin, the more of each dollar bet comes back to the punter in the long run. The wider the margin, the more the bookmaker keeps.

For an illustrative two-way market priced at $1.90 on each side, the implied probabilities sum to roughly 105.3%, the margin sits around 5%, and the payout share lands near 95%. The band depends on the exact prices: a $1.95 / $1.95 market has a margin of about 2.6%, and a $2.00 / $1.80 market has a margin closer to 5.6%. The 5% band is a common target for major-market fixed-odds at TAB NZ on liquid events; niche markets and Same Game Multis run higher because the bookmaker is pricing less-traded combinations.

The same logic applies to racing. A Win market with five runners priced at $3.00, $4.00, $5.00, $8.00 and $15.00 has implied probabilities of 33.3% + 25.0% + 20.0% + 12.5% + 6.7% = 97.5%, a margin of about 2.5%, and a payout share of 97.5%. The margin on a Tote pool is set by TAB NZ’s deductions rather than by per-runner pricing, but the principle is the same: a slice of every dollar bet goes to the operator before the dividend is paid.

The bettor’s take is that the margin is the silent cost. A bettor who bets $100 a week on a 5% market loses $5 a week to margin before any other outcome; a bettor on an 8% market loses $8. The cost is the same whether the bet wins or loses. The price you see is the price you pay.

Frequently asked questions

How are odds worked out from a stake and a price?

A decimal price says how many dollars return per dollar staked if the bet wins, including the original stake. A $10 bet at $2.10 returns $21, made up of the $10 stake and $11 of net profit. A four-leg multi at $1.50, $1.80, $2.00 and $2.50 prices at $13.50, so a $5 multi returns $67.50 if all legs win. The formula is return = stake × price, and net profit = stake × (price − 1). Fixed-odds locks the price at placement; tote returns depend on the pool dividend declared after the event.

Which bookmaker may lawfully take sports and racing bets in New Zealand?

TAB NZ is the sole lawful provider under section 74AAA of the Racing Industry Act 2020, in force since 28 June 2025. The two online brands are TAB and Betcha, both operated under TAB NZ’s statutory right and run by Entain under a 25-year partnership signed in 2023. There is no licence register for bookmakers because there is only this one lawful provider. The Department of Internal Affairs told unlicensed providers serving New Zealand to withdraw with immediate effect.

How does the bookmaker’s margin show up in the odds?

Every price carries an implicit probability (1 ÷ price), and the sum of those probabilities across every outcome of a market is the overround. A two-way market at $1.90 on each side has implied probabilities of 52.6% and 52.6%, summing to 105.3%. The 5.3% above 100% is the bookmaker’s margin; the payout share is 94.7%. Margin plus payout share is always 100%. The narrower the margin, the more of each dollar bet comes back to punters on average.

How do I bet on football accumulators in New Zealand?

Place an accumulator (called a “multi” at TAB NZ) by selecting multiple legs on the bet slip and choosing the multi bet type. The price is the product of the leg prices, and all legs must win for the multi to pay. Same Game Multis (SGMs) combine legs from a single event. TAB NZ’s published betting rules define the bet types and the minimum stake; the app enforces both. The same selection at an offshore brand is not a lawful bet from a New Zealand address under section 74AAA.

How does greyhound racing’s closure affect betting markets in New Zealand?

Greyhound racing is closing in stages from 1 August 2026. From that date, offshore operators may not take bets on greyhound races, since the betting prohibition under section 74AAA follows the underlying event once it ceases. TAB NZ’s greyhound markets will narrow over the period. Harness racing (trots) and thoroughbred racing are unaffected by the closure.

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