Best Bookies in New Zealand 2026: Where the Law Actually Lets You Bet

Updated October 2026
Licensed
usAvailable in US
Fast payouts
18+ Only

The list of bookmakers that may lawfully take an online bet from someone in New Zealand in 2026 is shorter than almost any reader expects. Two names. That is the whole market. Everything else that shows up in a Google result, an influencer’s tip or a sports-betting comparison site is, at best, a brand that operates outside New Zealand law for this country, and at worst, something that simply takes the deposit and runs. The page below works through what that means in practice: how a bet with the legal operator is placed and settled, what the published odds already contain, where the safer-gambling levers sit, and why ten other familiar names are described here without being endorsed.

(2026, checked as of 30 October 2026 against New Zealand regulatory sources)

Three balls of different kinds side by side on a wooden bench
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.
Table of Contents
  1. How Betting in New Zealand Actually Works
  2. The TAB NZ Ranking — the Only Two That Count
  3. Overview — What the New Zealand Betting Market Actually Is
  4. Legality — What the Law Says and What It Does
  5. Responsible Gambling — What Is Actually Available
  6. Bet Types, Odds and the Margin Inside Every Price
  7. Sports and Tournaments — What TAB NZ Actually Covers
  8. Frequently Asked Questions

How Betting in New Zealand Actually Works

A bookmaker is a business that sets a price — an odds figure — on each outcome of an event and is willing to back that price with cash if the customer accepts it. The price is expressed in decimal odds in New Zealand, so a $10 stake at odds of 2.10 returns $21.00 if it wins: the original stake plus a $11.00 profit. The customer’s profit is the stake multiplied by (odds minus one); the return is the stake multiplied by odds. That arithmetic holds whether the bet is a single on the All Blacks to win, a Same Game Multi across the first test, or a quinella box on the Melbourne Cup field.

The three things every bet needs to settle are the selection, the stake and the price at the moment the bet was struck. A bet slip records all three, and the price is fixed at placement regardless of how the market moves later — that is what “fixed odds” means, and it is the standard TAB NZ product. A tote or pool bet is different: the dividend is not known until the pool closes, after all bets are in and the takeout is deducted, and the price changes constantly because it is the function of how other punters have bet. TAB NZ runs both forms. Fixed-odds is the format most newcomers meet first.

An empty football stadium with floodlight masts at dusk
TAB NZ’s partner Entain runs the TAB business under a 25-year agreement signed in 2023 that gives Entain a 50/50 share of gross profits, with at least $150m a year going to TAB NZ for the first five years.

A bookmaker agent, in the original sense, is a person who places bets on a customer’s behalf with a principal bookmaker — the layer between the punter and the firm that holds the liability. In New Zealand that role survives in racing: TAB NZ’s retail outlets and on-course agents process bets for punters who walk up to a counter, and the same retail footprint is what pays for the town’s prizemoney through the partnership with Entain. Online, the agent layer disappears: the punter opens a TAB NZ account directly, verifies identity and address, and deals with the operator. The word “bookie” is still used in speech for any person who bets regularly or who works for a betting firm, and it survives in “bookmaker” — the formal word for the business.

What follows after placement is the part most readers do not think about until a bet is close. Once a result is official, TAB NZ settles the bet from its published betting rules: Win pays if the selection finishes first, Place pays if the runner finishes in the place positions the race type defines, Each Way is a Win and a Place staked together, Exacta names the first two runners in order, Trifecta names the first three, First Four names the first four. Multi bets combine two or more selections into one slip; a Same Game Multi pulls several legs from a single match. If a runner is scratched, a rule applies and a refund or deduction follows — the published betting rules are the document that controls this. A punter who has not read them is gambling on the operator’s generosity as well as on the race.

The TAB NZ Ranking — the Only Two That Count

This page details the only two operators lawfully offering bets in New Zealand. The comparison this market allows is between TAB and Betcha — the two online brands of TAB NZ, run by the same operator under the same New Zealand monopoly, sharing the same betting engine, the same safer-gambling tools and the same complaints route. They are not rivals, and treating them as such might mislead a reader into comparing them on features that are identical.

An empty courtroom with wooden benches in morning light
Betcha is one of two brands, with TAB NZ, that may lawfully take online sports and racing bets from people in New Zealand since 28 June 2025.

The rest of the ranking is the set of offshore brands New Zealand players meet online. Each is rated against the same criteria, and each is marked as not licensed in New Zealand. The point of the list is not to recommend one of them but to make clear what a reader sees when one of these names surfaces on social media or in a search result, and what is missing — the New Zealand licence, the local complaints route, the harm-minimisation framework, the dollar-denominated currency filter, the gambling-harm levy the lawful operator pays.

How the operators stack up

Brand New Zealand status What the operator’s own terms state on the key’s subject
TAB TAB NZ brand — one of two online brands of the only lawful New Zealand operator 18+ only, New Zealand ID and address verified at signup, deposit limits, time-outs and self-exclusion in app, racing and sports pre-match and live, fixed odds and tote
Betcha TAB NZ brand — one of two online brands of the only lawful New Zealand operator 18+ only, same signup and safer-gambling tools as TAB under the same TAB NZ umbrella
RoyalistPlay Not licensed in New Zealand 18+ only, e-gaming licence from the Tobique Gaming Commission; no New Zealand harm-minimisation framework
Glorion Not licensed in New Zealand 18+ only, live chat and email support; no New Zealand harm-minimisation framework
Telbet Not licensed in New Zealand Crypto casino and sportsbook; no New Zealand harm-minimisation framework
Alawin Not licensed in New Zealand 18+ only; no New Zealand harm-minimisation framework
Thunderpick Not licensed in New Zealand 18+ only, Curaçao-licensed; no New Zealand harm-minimisation framework
22Bet Not licensed in New Zealand 18+ only, Curaçao-licensed, operated by the same group as 20Bet, Bizzo and National Casino; no New Zealand harm-minimisation framework
BigClash Not licensed in New Zealand 18+ only, Curaçao-licensed, pre-match and live sports plus virtual and esports; no New Zealand harm-minimisation framework
Sportaza Not licensed in New Zealand 18+ only, Anjouan-licensed; no New Zealand harm-minimisation framework

The brands below the line do not operate lawfully in New Zealand. They hold licences in Curaçao, Anjouan, the Tobique Gaming Commission and similar offshore jurisdictions, none of which authorise the operator to take bets from New Zealand residents. Where the New Zealand status column reads “Not licensed in New Zealand”, the practical consequence is the same across all of them: there is no New Zealand regulator to complain to if a payout is delayed, no local harm-minimisation framework to fall back on if a problem develops, and no operator bound by the New Zealand harm-minimisation duty that TAB NZ carries.

TAB

TAB is the retail and online brand of TAB NZ that most New Zealanders over thirty first met at a counter. The online version, “TAB – Racing & Sports Betting” on the New Zealand App Store, covers horse and harness racing, rugby union and rugby league, and a wider sportsbook, with Same Race Multis, Same Game Multis, one-tap Popular Multis and a Place Extra option that lets punters back runners to finish up to tenth in selected races. The app carries Trackside live race streaming with in-app betting, racing form, Blackbook and Jockey Challenge tools, and a wallet that is deliberately simplified for deposits and withdrawals. New customers can split Bonus Cash across multiple bets; a Mega Multi bonus pays up to $50 in Bonus Cash when a multi of four or more legs falls short by a set number of legs, with the terms and conditions governing exactly how short and how much.

The partnership that runs the operation is the piece most readers do not see. Entain runs the TAB business under a 25-year agreement signed in 2023; Entain takes a 50/50 share of gross profits, and TAB NZ is guaranteed at least $150 million a year for the first five years. Entain also pledged a one-off $100 million payment to the racing sector. The betting product is the part that meets the punter; the partnership is the part that funds the codes.

The age rating on the App Store is 17+, but the terms say customers must be 18 or over to bet. Safer-gambling tools in the app include deposit limits, time-outs and self-exclusion, and the same exclusion applies across TAB and Betcha. Help lines are listed inside the app: 0800 654 655 and the text line 8006.

TAB is the right answer for any New Zealand punter who wants a bet placed in New Zealand dollars, settled under New Zealand-published rules, against a New Zealand-licensed operator, with the safer-gambling tools and complaints framework that follow from that. It is also the only answer that meets all four of those conditions at once.

Betcha

Betcha is the second online brand of TAB NZ — the same operator, the same licence, the same New Zealand harm-minimisation framework. The brand is the younger, more digital-first face of the same product: a punter who opens a Betcha account has opened a TAB NZ account, and an exclusion on one applies to both. Since 28 June 2025 Betcha has been one of two brands that may lawfully take online sports and racing bets from people in New Zealand.

For most readers the choice between TAB and Betcha is a question of interface and the small product differences each brand presents, not a question of which is safer or more lawful. A punter who wants Trackside live race streaming with in-app betting, racing form and the deeper racing toolset is better served by TAB. A punter whose betting is mostly sports and Same Game Multis, and who wants the cleaner digital checkout, may find Betcha more direct. Both brands share the same wallet, the same Bonus Cash mechanics, the same Mega Multi structure and the same deposit methods — but Betcha’s terms are still worth reading because promotions and product features differ brand by brand under the same umbrella.

RoyalistPlay

RoyalistPlay is owned and operated by Novatrix SRL, a Costa Rica company with registration number 3-102-893958, and states that it holds e-gaming licence No. 0000002 from the Tobique Gaming Commission, a licence which does not authorise the operator to take bets from New Zealand residents. There is no New Zealand regulator to complain to if a payout stalls, and the harm-minimisation framework RoyalistPlay operates under is whatever the Tobique licence requires, which is not the New Zealand one. The site is in scope of this list only because New Zealand players see it; the verdict is that it is not a New Zealand option.

Glorion

Glorion accepts customers aged 18 or over, with support available by live chat and email. The site does not name a licence that applies to New Zealand customers. The published terms do not describe a New Zealand harm-minimisation framework, and a punter reading the safer-gambling section will not find the same tools, the same levy-funded helpline or the same complaints route that TAB NZ carries. A New Zealand punter who lands on Glorion has left the regulated local market.

Telbet

Telbet describes itself as a crypto casino and sportsbook, with a welcome offer of 200% up to 1 BTC plus 50 free spins and a 5 USDT free bet on its Russian-language site. Crypto-only cashiering is its own consequence for a New Zealand punter: the wallet sits outside the banking system, the exchange rate risk is the punter’s, and the New Zealand point-of-consumption protection that comes from betting through a New Zealand-licensed operator does not apply. Telbet does not name a licence that applies to New Zealand.

Alawin

Alawin accepts customers aged 18 or over. The site does not name a licence that applies in New Zealand, and the terms do not describe a New Zealand harm-minimisation framework. The site is on this list because New Zealand players meet it, not because it offers anything a New Zealand-licensed operator does not.

Thunderpick

Thunderpick is owned and operated by Paloma Media B.V., a Curaçao company with company number 146988, licensed by the Curaçao Gaming Authority under licence number OGL/2024/677/0722. The Curaçao licence gives no right to take bets from people in New Zealand. The site carries the standard 18+ check; the New Zealand-published harm-minimisation tools are not there.

22Bet

22Bet is run by TechSolutions Group N.V., a Curaçao company with registration number 144920, which also runs 20Bet, Bizzo and National Casino. The Curaçao licence number tied to 22Bet is 8048/JAZ. The licence gives no right to take bets from people in New Zealand. A punter who opens a 22Bet account from a New Zealand address is outside the New Zealand regulatory perimeter, and the operator’s own terms govern the relationship.

BigClash

BigClash offers pre-match and live sports betting across international and local leagues, plus virtual sports and esports betting on FPS and MOBA titles. The brand names a Curaçao licence (8048/JAZ), which gives no right to take bets from people in New Zealand. The breadth of markets — virtual and esports alongside traditional sports — is the product differentiator; the New Zealand status is the same as the rest of the offshore set.

Sportaza

Sportaza’s footer states it is licensed and regulated by the Government of the Autonomous Island of Anjouan, Union of Comoros, under licence No. ALSI-202606064-FI2, while its terms (section 1.4) cite licence No. 0000067 issued by Tobique. The Anjouan licence gives no right to take bets from people in New Zealand. The mismatch between two different licence claims on the same site is itself a useful signal: a regulatorily careful operator does not leave that kind of inconsistency in its public documents.

Overview — What the New Zealand Betting Market Actually Is

The New Zealand online betting market in 2026 is a single-operator market. Since the Racing Industry Amendment Act 2025 inserted section 74AAA into the Racing Industry Act 2020, in force from 28 June 2025, 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. The Department of Internal Affairs told unlicensed providers serving New Zealand to withdraw with immediate effect. There is no licence to apply for and no licence register for bookmakers, because there is only this one lawful provider.

This change did not appear from nowhere. TAB NZ has held a statutory role in New Zealand racing and sports betting for decades, but offshore bookmakers expanded into the New Zealand market in the 2010s and 2020s without a domestic licensing route to challenge them. Section 74AAA closes that route and clarifies the position. The point of the prohibition is not to criminalise the punter; section 19(4) of the Gambling Act 2003, inserted in 2025, says an individual may not be convicted for placing a bet with an offshore betting operator in breach of section 74AAA. The liability sits on the offshore operator.

TAB NZ runs two online brands because two brands reach two markets: TAB is the heritage retail and racing brand, Betcha is the digital-first sports book. The betting engine, the wallet, the safer-gambling tools and the harm-minimisation framework are the same across both, because both brands sit under the TAB NZ licence. A punter who treats TAB and Betcha as rivals has misread the structure; they are siblings inside one operator.

What a reader comparing bookmakers needs to understand is the consequence of that structure for the rest of this page. There is no “best odds comparison” between TAB NZ and another licensed New Zealand bookmaker, because no other licensed New Zealand bookmaker exists. There is no New Zealand betting exchange, no spread-betting firm licensed here, and no brand licensed in another jurisdiction that may lawfully accept bets from someone in New Zealand. The page’s comparison is not between equal alternatives; it is between the lawful operator and the brands a New Zealand reader encounters anyway.

Legality — What the Law Says and What It Does

The Department of Internal Affairs is the gambling regulator under the Gambling Act 2003 and monitors compliance with the betting prohibition. The Racing Industry Act 2020 establishes TAB NZ as the sole betting provider for racing and sports in New Zealand. The Racing Industry Amendment Act 2025 inserted section 74AAA, and that section took effect on 28 June 2025. The law does not geo-block offshore websites; it puts liability on the offshore operator, and the operator’s exposure is to the Department of Internal Affairs’ enforcement. The Department told providers serving New Zealand to withdraw with immediate effect; whether every provider did so is a question the public record does not close.

Greyhound racing is closing in stages from 1 August 2026, and from that date offshore operators may not take bets on greyhound races either. The greyhound calendar is the calendar most affected, and a punter who bets greyhounds offshore after that date is using an operator that has been told to stop.

The Online Casino Gambling Act 2026 licenses online casino gambling only and does not license sports betting; TAB New Zealand winning the right to apply for a casino licence does not extend the betting monopoly. Casino and betting are separate permits with separate rules, and a casino licence is not a sports-betting licence. A reader who hears that TAB NZ is “now in the casino business” must not conclude that another brand can now take sports bets.

What may be bet on is racing and sports betting from TAB NZ only. TAB NZ takes fixed-odds and tote bets; its published betting rules define Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie and Big6, plus Multis and Same Game Multis. Live betting is listed in the TAB NZ apps; whether any statutory restriction on in-play markets exists is not established in the public record, so a reader is advised to read TAB NZ’s own terms on the markets they intend to use. Bets on politics and novelty markets: not established. Virtual (computer-simulated) sport is treated by the 2026 online casino law as casino gambling; whether esports betting is “sports betting” under the Racing Industry Act is not established.

Player protection operates at 18 — the legal age for TAB NZ betting, set under section 89 of the Racing Industry Act 2020. Land-based casinos are 20, and that age does not transfer to online betting; the betting age and the casino age are different rules, not the same rule applied differently. TAB NZ accounts need a verified New Zealand address and ID; the verification is the gate, and an account cannot be opened without it. TAB NZ lists deposit limits, time-outs and self-exclusion in its apps, and an exclusion applies across its brands. The Problem Gambling Levy of 0.74% is in force from 1 July 2025 to 30 June 2028 and funds harm-minimisation work. The free Gambling Helpline (0800 654 655, text 8006) and Safer Gambling Aotearoa are the help lines every punter in this market needs to have saved.

Advertising sits under the Advertising Standards Authority’s Gambling Advertising Code. Ads must not target children (under 14) or young people (14 to under 18), judged by context, appeal and expected audience — where 25% or more of the audience is under 18 and that is the audience the ad actually reaches, the ad fails the test. Ads must not encourage harm and must be truthful with terms available. There is no New Zealand equivalent of a “whistle-to-whistle” ban for betting, and TAB NZ runs “bonus bets” promotions whose mechanics are governed by TAB NZ’s own terms; no New Zealand rule on bet-bonus size or wagering terms exists, so quote only the operator’s published terms.

Tax on winnings is, for most recreational punters, no tax at all. Inland Revenue guidance is that recreational gambling winnings are generally not taxable and that prize money from TAB horse, dog and trotting races is not taxable. A person who bets as a business is a different case, and that is general information rather than tax advice. Operator side: TAB NZ pays the Problem Gambling Levy (0.74%); overseas operators supplying New Zealand residents pay online gambling duty (12% of profits since 1 July 2024, 16% from 1 January 2027). The duty being payable does not make an offer lawful — a tax payment is not a licence — and the page never writes that paying duty shows a bookmaker is legal in New Zealand. The point-of-consumption charge on offshore racing and sports bets ceased on 30 June 2026.

The offshore side is the side most readers need to hear stated plainly. Since 28 June 2025 an overseas bookmaker taking sports or racing bets from a person in New Zealand is breaking New Zealand law, on the Department of Internal Affairs’ stated position. The penalty for breaching section 74AAA is not stated in the section, and no prosecution of an offshore bookmaker was found in the public record. New Zealand does not block bookmaker sites, and a punter can reach one; the law targets the operator. The Department of Internal Affairs warns that overseas operators may be in jurisdictions with minimal consumer safeguards, may not return unspent credits, and may not pay out large wins. No payment-blocking order or bank obligation was found, so a punter whose bank declines a gambling transaction learns the rule from the bank’s own policy, not from a statute. Nothing in the public record states a rule on crypto or VPN use; account opening at TAB NZ requires a verified New Zealand address, which is the practical limit on those workarounds.

The framing this page uses is honest on both sides. TAB NZ and Betcha are the only lawful option, with New Zealand harm-minimisation tools, regulator oversight and a complaints framework. Offshore is unlawful for the operator to serve New Zealand, with no New Zealand complaints route, the Department of Internal Affairs’ stated risks, and limits possible elsewhere. Neither side is “the safe choice” by default; the lawful operator is the lawful operator, and the offshore brand is what it is.

Responsible Gambling — What Is Actually Available

The safer-gambling tools in New Zealand are operator-level at TAB NZ and absent elsewhere for a New Zealand punter. TAB NZ’s app carries deposit limits, time-outs and self-exclusion, and an exclusion set on TAB or Betcha applies across both. That is the framework a New Zealand punter can trust, because it sits on a New Zealand-regulated operator.

The free New Zealand gambling helpline 0800 654 655 and the text line 8006 are listed in the TAB NZ app and are reachable regardless of which operator a punter uses. Safer Gambling Aotearoa is the harm-minimisation body funded by the levy. The Problem Gambling Levy of 0.74% is in force from 1 July 2025 to 30 June 2028, and that levy is what pays for the public side of the framework — the helpline, the counselling, the public-health work — rather than the operator’s own safer-gambling page.

A punter who chooses to use an offshore brand has chosen an operator that does not sit inside that framework. The Tobique Gaming Commission, the Curaçao Gaming Authority and the Anjouan licensing regime are each responsible for their own licence holders, and none of them is responsible for a New Zealand punter. The safer-gambling tools on those sites — wherever they exist — are not the New Zealand ones, are not funded by the New Zealand levy, and do not connect to the New Zealand helpline. The help lines still work for anyone who calls them, but the operator-side levers are different.

A punter who feels a bet has become a problem can set a deposit limit in the TAB NZ app, set a time-out, or self-exclude. The same tools exist inside the Betcha app. A punter who wants to talk to someone can call 0800 654 655 or text 8006 from anywhere in New Zealand. The framework is small because the market is small, but the framework is there.

Bet Types, Odds and the Margin Inside Every Price

A bet on TAB NZ is one of three kinds. A single is one selection. A multi is two or more selections whose odds multiply into one price, so two legs at $2.10 and $1.80 produce a combined price of $3.78 ($2.10 × $1.80). A Same Game Multi pulls the legs from a single match. Each format has its own settlement rules, and the betting rules inside the TAB NZ app are the controlling document.

The decimal odds are the price the punter accepts, and the price already contains the bookmaker’s margin. The arithmetic is mechanical: for a two-way market with decimal odds of 1.90 on each side, the implied probabilities are 1 ÷ 1.90 = 0.5263 on each side, summing to 1.0526. The 0.0526 above 1.00 is the bookmaker’s margin — about 5.26% of every dollar staked on this market, in this format, at these prices. A market with one price at 1.95 and the other at 1.95 has the same structure; a market with one price at 1.85 and the other at 2.00 has more under-shape at one end and less at the other, and the total margin is the sum.

That margin is the answer to the question “what does the bookmaker keep?” On a $100 stake on the 1.90 / 1.90 market, the expected cost to the punter over many such bets is roughly $5.26 — the margin multiplied by the stake. That number is what the marketing claim “best odds” actually competes against: a one-percent margin difference on $100 is $1 across many bets, and it is the gap a “boosted odds” promotion needs to clear to deliver a real benefit rather than a headline.

A useful exercise for a punter who wants to feel the margin rather than read about it: take any two-way market, divide each decimal price into 1, add the two results, and subtract from 1. The answer is the percentage of every dollar staked the bookmaker expects to keep. Reading the odds that way is the single most useful thing a new punter can do, and it is what a price-aggregating comparison page never shows.

The free-bet mechanic inside TAB NZ’s Bonus Cash works the same way. Bonus Cash can be split across multiple bets; a Mega Multi bonus pays up to $50 in Bonus Cash when a multi of four or more legs falls short by a set number of legs. The bonus is real, the terms are real, and the terms are the place where the value of the offer sits. A punter who has not read the terms has accepted the marketing claim rather than the offer.

Sports and Tournaments — What TAB NZ Actually Covers

The TAB NZ app covers horse and harness racing, rugby union and rugby league, and a wider sportsbook. Trackside live race streaming with in-app betting is part of the racing product, alongside racing form, Blackbook and Jockey Challenge tools. Same Race Multis and Same Game Multis are both supported. The Place Extra option lets punters back runners to finish up to tenth in selected races, which is a feature racing-only bookmakers carry and generalist sportsbooks rarely do.

Racing is the heart of the product. TAB NZ’s published betting rules cover Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie and Big6 — the standard New Zealand and Australian tote and fixed-odds set. The Melbourne Cup field is on the calendar; the New Zealand Derby, the Auckland Cup and the harness racing majors are on the calendar. Greyhound racing closes in stages from 1 August 2026, and a punter who bets the dogs needs to know that the calendar is shrinking.

Sports coverage runs through the major codes New Zealanders follow: All Blacks tests, Super Rugby Pacific, NRL, Black Caps international cricket, the Warriors in the NRL, and the global football calendar. Live betting is listed in the app. Multis and Same Game Multis are the formats most punters use for sports, because the price-multiplication turns a short-priced favourite into something more interesting. A punter who builds a Same Game Multi on a single rugby test is advised to treat each leg as a separate bet for the purpose of reading the odds — the multiplication does not reduce the margin.

What is not on the TAB NZ app matters too. Politics markets, novelty markets, esports betting and virtual sports are not established as part of the sports-betting product. Esports betting’s status under the Racing Industry Act is not settled; virtual sports is treated as casino gambling under the 2026 online casino law; politics and novelty markets have no published framework. A punter who wants those markets will not find them at TAB NZ, and the offshore brands that carry them are not lawful for a New Zealand punter. The market is narrow because the law has chosen to keep it narrow.

Frequently Asked Questions

Who actually takes online bets in New Zealand?

TAB NZ takes online bets in New Zealand through its two brands, TAB and Betcha. Since 28 June 2025, when section 74AAA of the Racing Industry Act 2020 took effect, no other operator may lawfully offer racing or sports betting to a person in New Zealand. There is no licence to apply for and no licence register for bookmakers, because there is only this one lawful operator. Offshore brands accepting New Zealand customers are operating unlawfully; New Zealand law targets the operator, and the Department of Internal Affairs told such providers to withdraw with immediate effect.

What is a bookmaker?

A bookmaker is a business that sets prices on the outcomes of events and accepts bets from customers against those prices. In New Zealand the term covers both the racing heritage bookmaker and the sports betting firm, and the same operator — TAB NZ — runs both. The retail counter and the online app are the same business. A “bookie” in everyday speech is a person who bets regularly or who works for a bookmaker, and the formal word for the firm is “bookmaker”.

What is a bookmaker agent?

A bookmaker agent is a person who places bets on a customer’s behalf with a principal bookmaker. In New Zealand the role survives in racing, where TAB NZ’s retail outlets and on-course agents process bets for punters at the counter. Online, the agent layer disappears: the punter opens a TAB NZ account directly and deals with the operator. The same retail footprint is what pays for the racing codes through the partnership with Entain, which runs the TAB business under a 25-year agreement.

How is the return on a bet worked out from the stake and the odds?

The return is the stake multiplied by the decimal odds. A $10 stake at odds of 2.10 returns $21.00 if it wins: the original $10 stake plus $11.00 of profit. The net profit alone is the stake multiplied by (odds minus one), which is the same calculation minus the stake. For a multi bet, the odds of the legs multiply into a combined price, so two legs at $2.10 and $1.80 produce a multi price of $3.78. The stake, the price at placement and the published betting rules are the three things that decide what a winning bet pays back.

What is the bookmaker’s margin and how can it be seen in the odds?

The bookmaker’s margin is the percentage of every dollar staked the bookmaker expects to keep across all outcomes of a market. For a two-way market with decimal odds of 1.90 on each side, the implied probabilities are 1 ÷ 1.90 = 0.5263 on each side, summing to 1.0526. The 0.0526 above 1.00 is the bookmaker’s margin — about 5.26% of every dollar staked on this market. The reader can see the margin by dividing each decimal price into 1, adding the results, and subtracting from 1. The margin is what the price already contains, and it is what a “best odds” claim needs to beat to mean anything.

Written by the editors at Nodepositbetsnz.

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