Who may lawfully take your online bet in New Zealand this year, and what that costs you

Updated October 2026

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Data current as of 26 October 2026, checked against the Department of Internal Affairs register of gambling operators and the Racing Industry Act 2020 as in force from 28 June 2025.

The question New Zealand punters ask first is no longer which site has the best price. It is which site may lawfully take their bet at all. Since 28 June 2025 the Racing Industry Amendment Act 2025 has narrowed the field to one operator group: TAB NZ, which runs two online brands, TAB and Betcha. That changes what a “review” of online bookmakers means in New Zealand, because the comparison most readers actually want is between the lawful local option and the offshore sites they already meet — and that comparison runs through statute, not through welcome bonuses.

This page works through what that monopoly covers, what it does not, where the responsible-gambling tools sit, and where the offshore brands that accept New Zealand customers stand once the law is read against them. The ranking closes the page; the legal frame opens it, because in New Zealand the frame is the comparison.

The statute: one operator, two online brands, no licence to apply for

The relevant provision sits in section 74AAA of the Racing Industry Act 2020, inserted by the Racing Industry Amendment Act 2025 and 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 operator is resident or incorporated. The Department of Internal Affairs told unlicensed providers to withdraw with immediate effect on the same day the amendment took effect. There is no licence to apply for and no licence register for bookmakers, because the law leaves only one lawful provider.

TAB NZ is the racing and sports betting monopoly holder. Its two online brands are TAB and Betcha. They are one operator group, not two competing bookmakers. The partnership that runs the business was signed in 2023: Entain runs TAB NZ under a 25-year agreement that gives Entain a 50/50 share of gross profits, with at least NZ$150 million a year flowing to TAB NZ for the first five years, and a separate one-off NZ$100 million payment pledged by Entain to the racing sector.

Two consequences follow. First, “the best new betting site” is not a category that exists in New Zealand the way it does in jurisdictions with multiple licences. A site that is merely new, holds a Curaçao or Anjouan licence, and accepts New Zealand customers is not lawful for New Zealand customers whatever it calls itself. Second, the price comparison that makes sense is between TAB NZ’s odds and the margins offshore sites carry for the same fixtures — and that comparison starts from the assumption that TAB NZ is the only place where a New Zealand bettor has the protections the law provides.

Betcha sits beside it as the second online brand of the same operator. Both fall under the TAB NZ harm-minimisation framework and the same self-exclusion regime. A punt with one is a punt with the other in the eyes of the regulator.

The Racing Industry Act does not block bookmaker websites from being reached in New Zealand. It puts liability on the offshore operator. 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 operator that is itself in breach of section 74AAA; no source states a penalty for the player. The honest framing is that the law targets the operator, the Department warns players of the risks, and no published player-side penalty was found. Offshore does not mean illegal for the punter; it does mean unprotected.

What may be bet on, and what the law leaves to TAB NZ’s own terms

The Racing Industry Act covers racing and sports betting through TAB NZ. TAB NZ takes fixed-odds bets and tote (pool) bets, with the published betting rules naming Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie and Big6, alongside Multis and Same Game Multis (a multi whose legs come from one event). Live betting is listed in the TAB NZ apps; any statutory restriction on in-play markets is not established, so the practical in-play catalogue is a TAB NZ feature decision rather than a legal line.

There is no statutory per-bet cap. Limits are TAB NZ’s own terms. Bets on politics and novelty markets are not confirmed. There is no lawful New Zealand betting exchange, and spread betting is outside TAB NZ’s sports-betting definition; the page writes nothing about a New Zealand exchange.

Greyhound racing is closing in stages from 1 August 2026, and from that date offshore operators may not take bets on greyhound races either. Virtual (computer-simulated) sport is treated by the Online Casino Gambling Act 2026 as casino gambling, which is a separate permit. Whether esports betting counts as “sports betting” under the Racing Industry Act is not established, so an esports bet through TAB NZ is the kind of question the punter answers by checking the betting rules.

The ban covers events held inside and outside New Zealand. The ban does not say anything about a specific sport, league or tournament — it covers everything that fits “racing betting” or “sports betting”. The practical effect is that offshore books with deep football, basketball and cricket books are still operating against the law when they accept a Kiwi customer; the catalogue they offer does not change that.

Responsible gambling: where the harm-minimisation tools sit in this monopoly

The harm-minimisation framework reaches only TAB NZ. The TAB NZ app lists the safer-gambling tools it provides: deposit limits, time-outs and self-exclusion, and the free New Zealand Gambling Helpline 0800 654 655 plus the text line 8006. The exclusion applies across both brands (TAB and Betcha). TAB NZ also pays a Problem Gambling Levy of 0.74%, in force from 1 July 2025 to 30 June 2028.

There is no single national online-betting exclusion register. The register the Online Casino Gambling Act 2026 will require is for online casinos only — a different permit. Land-based casinos require a separate exclusion regime and a higher age (20). The age for betting with TAB NZ is 18; betting under 18 is an offence under section 89 of the Racing Industry Act 2020. TAB NZ accounts require a verified New Zealand address and identity documents, so opening an account is not a one-click move and a self-excluded punter has a closed door rather than an open back door.

Offshore brands sit outside this framework. They name no New Zealand complaints route. The Department of Internal Affairs warns that overseas operators may sit in jurisdictions with minimal consumer safeguards, may not return unspent credits, and may not pay out large wins. Self-exclusion at an offshore site is the site’s own policy, not a New Zealand one, and the same exclusion does not bind the next site a punter opens.

The “safest online betting site” question is answered by statute: TAB NZ is the only place where the New Zealand framework reaches. That does not make the offshore sites “illegal” for the punter; it makes them outside a complaints framework that a New Zealand resident can actually use.

Crypto, anonymity and the offshore route

The law says nothing about crypto or VPN use on the page’s research. What the law does say is that section 74AAA targets the operator serving them; opening an account at TAB NZ requires a verified New Zealand address, so the TAB NZ route is a name-on-the-account route. Offshore sites that brand themselves as crypto-only — a Curaçao licence with bitcoin under the bonnet — are offering a different access pattern. The Department of Internal Affairs warning still applies: minimal consumer safeguards, no obligation to return unspent credits, no obligation to pay out large wins.

TAB NZ’s deposit methods and limits are operator-level and come only from its terms — there is no statutory payment rule for betting accounts (no rule on cards, banks, credit, prepaid, or crypto) on the record. That gives a binary picture: the lawful route is fully identified; the offshore route is whatever the offshore site chooses to identify, with no New Zealand framework behind it. Players who want anonymity in the literal sense have only the offshore route, and the cost of that route is the absence of the framework.

The point for a comparison is sharp. A punt at TAB NZ is a punt with a New Zealand complaints body behind it, a New Zealand harm-minimisation line beside it, and a New Zealand levy contributing to problem-gambling services. A punt at a Curaçaoa licence is none of those, with no recourse if the operator declines to pay.

Bonuses, free bets and what a “welcome offer” actually means in New Zealand

The marketing word to read carefully here is “bonus bet”. TAB NZ’s new customers receive Bonus Cash that can be split across multiple bets, and the app lists a Mega Multi bonus of up to NZ$50 in Bonus Cash when a multi of four or more legs falls short by a set number of legs. Same Race Multis, Same Game Multis, one-tap Popular Multis, and a Place Extra option that lets punters back runners to finish up to 10th in selected races are all listed in the TAB NZ app. Terms and conditions apply on each — read them, because the difference between Bonus Cash that returns the stake and a free bet that does not is the difference between a real payout and a paper one.

The Mega Multi bonus is a useful illustration of the shape most betting bonuses take once the marketing is stripped back. The offer pays out when a multi falls short by a set number of legs; what looks like a safety net is closer to a partial-loss refund with a ceiling. The cap (NZ$50) is the ceiling the marketing never names, because the marketing names the maximum, not the realistic case.

For offshore brands that target New Zealand customers, the bonus catalogue is the standard offshore catalogue: a percentage match on the first deposit, free bets whose stake is usually not paid back, accumulator insurance, boosted odds on named fixtures. Each carries a turnover requirement, a minimum price per qualifying leg, and a deadline. None of these offers is legal in New Zealand because the operator taking the bet is not the lawful operator. The bonus can be the reason a punter opens the offshore account; the absence of the framework is what the bonus costs.

The hard rule on welcome offers anywhere: describe the offer type in plain language (a cash bonus is a cash bonus; a free bet is a free bet whose stake is usually not paid back; an accumulator insurance refunds a stake when one leg fails; a price boost lifts the price on a named selection; a cashback returns a percentage of net losses over a window), then read the terms page before claiming. The marketing names the upside; the terms name the cost.

Mobile and the app: where TAB NZ’s product lives

The TAB NZ app is published on the New Zealand App Store under the seller name New Zealand Racing Board, with a first release of 8 September 2014 and a 17+ App Store age rating while stating customers must be 18 or over to bet. It covers horse and harness racing, rugby union, rugby league and additional sports, pre-match and live, and carries Trackside live race streaming with in-app betting, racing form, Blackbook and Jockey Challenge tools, and a simplified wallet for deposits and withdrawals. Betcha’s app was first released on 6 August 2024, published by Entain New Zealand Limited; both brands run on the same underlying product.

A same-game multi on the TAB NZ app is a multi whose legs all come from one event — a rugby test with head-to-head, line, first try scorer and total points, say. The app supports one-tap Popular Multis (curated combinations the app puts together) and a Place Extra option that lets the punter back a runner to finish up to 10th in selected races. Same Race Multis follow the same shape on racing. The product on the TAB NZ side is a real sportsbook; the betting menu is wider than the “fixed odds on rugby and racing” caricature, and a punter who only knows TAB NZ from the retail tote will find the app is a different thing.

For offshore brands the mobile picture is the same as it is everywhere: an app where one is available, a mobile browser otherwise, and a payment flow that varies by site. The page does not test each offshore site for the presence or absence of an iOS app, because the offshore site is not the lawful route.

Live betting and cash out

The TAB NZ app lists live betting, and live race streaming is in the same app for racing through Trackside. Same Race Multis and Same Game Multis run alongside the live product. The cash-out question — a settled-early option on an open bet — is not separately confirmed for TAB NZ specifically, and the page describes the live product without naming a cash-out feature where none has been confirmed.

Offshore brands carry live betting on football, basketball, tennis and cricket by default; in-play markets are usually deeper on the offshore side, and the margins on those in-play markets are usually smaller. The argument for the offshore route, in the abstract, is the depth of the in-play catalogue. The argument against is that the catalogue sits at an operator outside the New Zealand framework.

The live product in New Zealand is thus a comparison between TAB NZ’s catalogue and the offshore catalogue on the same fixtures, where the lawful option is narrower and the unlawful option is wider. The trade-off is breadth for framework, and a punter who values the framework pays for it in the form of fewer in-play markets.

Bet types, odds and the bookmaker’s margin

The TAB NZ catalogue covers the racing bet types (Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie, Big6) and the sports bet types (head-to-head, line, total, multi, same-game multi, place extra). Odds are quoted in decimal form — $2.10 means a NZ$10 stake returns NZ$21 for a win, with a NZ$11 profit. The same shape applies on the offshore side.

The bookmaker’s margin is the share of every dollar bet that the book keeps, on average, across all outcomes of one market. For a two-outcome market with decimal odds o₁ and o₂, the payout share is 1 / (1/o₁ + 1/o₂) and the margin is 1 minus the payout share. A market at $1.91 / $1.91 carries a payout share of about 95.5% and a margin of about 4.5%; a market at $2.00 / $2.00 carries a payout share of 100% and a margin of 0% — which is no profit for the book and never what is on offer. The TAB NZ margin on a rugby head-to-head is not published; the offshore margin on the same fixture is also not published unless the comparison is built. Where a margin is not on the record, the page writes the point qualitatively: TAB NZ’s pricing on major sports is competitive but not spectacular; offshore books price aggressively on football and basketball.

The punter who wants to see the margin can do so by inverting the odds of every outcome, summing them, and taking the result away from one. The punter who does not want to do the arithmetic can read the price: the closer the prices sit to $2.00 / $2.00, the smaller the margin. A market at $1.45 / $2.75 carries a smaller margin than a market at $1.20 / $4.50, and the longshot-end of any given market is where the book earns the largest share of every dollar.

Sports, tournaments and the racing codes

The TAB NZ product covers the racing codes (thoroughbred, harness / trots, greyhounds — closing from 1 August 2026) and the major New Zealand sports (rugby union, rugby league, with the All Blacks, Super Rugby Pacific, the NRL through Warriors coverage as the familiar names). Black Caps cricket sits alongside. Football, basketball, tennis and American sports are also in the menu; the depth of each market is the catalogue a punter reads on the app.

Melbourne Cup sits in the racing calendar as a TAB NZ fixed-odds and tote event, and the way to back the Cup online is through the TAB NZ or Betcha app — same product, same odds, same harm-minimisation framework. The race is one event among many in the racing code; the legal route is the same route whichever race a punter backs.

The offshore bookmakers listed for reference cover football, basketball, tennis, baseball, American football, ice hockey, rugby and volleyball in various combinations, with live betting and a 24/7 book on most. The depth of the football and basketball books on the offshore side is usually larger than what TAB NZ runs, and the specials (player props, alternate lines) are usually wider. None of that is a reason to back the offshore option over the lawful one, but it is the reason a punter looking at the offshore menus does not come away thinking TAB NZ is identical.

The esports question — whether esports betting is “sports betting” under the Racing Industry Act — is not established. The punter who wants to back esports through TAB NZ checks the betting rules; through an offshore book, the question does not reach the same answer.

The “new bookmakers” question in a monopoly

A “new betting site” in New Zealand is not what it is in a multi-licence jurisdiction. The two brands a New Zealand punter can lawfully use are TAB and Betcha; Betcha itself was first released as an app on 6 August 2024, so it is the newer of the two by a decade. The other brands on this page are listed for reference because New Zealand punters meet them, not because they are licensed in New Zealand. The offshore brands on the comparison list range across Curaçao, Anjouan, Tobique and Costa Rica; each one accepts customers 18 or over; each one carries a different product focus.

The criterion on the New Zealand side is whether the brand is one of the two online brands of TAB NZ. The criterion on the offshore side is what the brand offers on its own terms and what the framework gap is.

The honest framing of the “new bookmakers” cluster, in New Zealand, is that the category exists only outside the lawful route, and the question a punter asks of it is what the brand offers that TAB NZ does not — usually depth on a sport or a market, usually a bigger bonus catalogue, almost always with the framework gap as the cost.

How it works: opening a TAB NZ account, placing a bet, getting paid

TAB NZ account opening requires a verified New Zealand address and an identity document; the verification step is part of opening the account, not a later hurdle. The wallet inside the app handles deposits and withdrawals, with the specific methods and limits set by TAB NZ’s own terms. Once the account is funded, the bet slip works the same way any sportsbook slip works: choose a market, choose a stake, confirm. A multi is a slip with more than one leg, where the odds of each leg multiply into one price. A same-game multi is a multi whose legs come from one event.

A winning single bet pays stake × odds back to the wallet, with the profit being stake × (odds − 1). A winning multi pays the stake × the combined odds back, with the profit being stake × (combined odds − 1). The TAB NZ app confirms the stake, the odds and the potential return before the bet is placed, and the slip is the contract.

Withdrawals go back through the same wallet to the same account, with the timing and any fees set by TAB NZ’s own terms. A self-excluded account is closed for the exclusion period; a punter who has set a deposit limit sees the limit enforced before the bet is placed, not after. The framework is in the product, not beside it.

The comparison: the lawful option against the offshore catalogue

The two groups in this table are not the same kind of entry. TAB and Betcha are the lawful route, with a New Zealand harm-minimisation framework, a regulator, and a complaints body. The other eight brands are offshore, named because New Zealand punters meet them, and rated by the same criteria (licensing, age, payment, terms), with the framework gap sitting beside every entry. None of the offshore brands is lawful in New Zealand; none of them is to be read as a recommendation; the offshore side of the table is there so a punter who is already looking at the offshore menus knows what those menus are.

TAB

TAB is the older of the two online brands of TAB NZ. The published product covers horse, harness and (until the staged closure from 1 August 2026) greyhound racing, with rugby union, rugby league, cricket and other sports in the same wallet. Live betting is in the app, Trackside live race streaming is in the same app for racing, and the bet types are the standard racing and sports catalogue. The Mega Multi bonus, the Same Race Multis, the Same Game Multis and the Place Extra option are all in the product.

TAB is the right pick for a New Zealand punter who wants the lawful route and does not need the offshore menus. The opening step is a verified New Zealand address and an identity document; the harm-minimisation tools are in the app; the complaints route is the New Zealand one. The catalogue is not as deep as a Curaçaoa licence on football props, but the framework is real.

The verdict: TAB is the lawful option that a New Zealand punter does not have to qualify with a caveat. It is the right pick when the framework matters.

Betcha

Betcha is the second online brand of TAB NZ, first released on the New Zealand App Store on 6 August 2024 under the publisher Entain New Zealand Limited. The product sits on the same TAB NZ engine: same racing catalogue, same sports catalogue, same Same Game Multis, same Trackside streaming. The user interface is the difference, not the underlying book.

A punter who has TAB on the home screen and Betcha on a second screen is using two skins of the same product, with the same odds and the same wallet framework. The bonus catalogue runs through TAB NZ’s terms; the self-exclusion covers both brands; the Gambling Helpline is the same number.

The verdict: Betcha is the newer face of the same operator, not a rival book. It is the right pick for a punter who prefers the Betcha interface, not for a punter who wants to compare two New Zealand books, because there is only one book.

Glorion

Glorion runs as an offshore casino and sportsbook, with Live Chat and email support and an 18+ age floor. No licence is named that applies in New Zealand; there is no local complaints route for the brand. A punter comparing Glorion with TAB NZ is comparing a brand with a customer-support function against the operator with a New Zealand regulator behind it.

The verdict: Glorion is an offshore site with standard support and no New Zealand framework. The case for opening it is a feature its product carries that TAB NZ does not; the case against is the framework gap, which is a real cost.

RoyalistPlay

RoyalistPlay names a Tobique Gaming Commission e-gaming licence (No. 0000002), with the holder listed as Novatrix SRL, a Costa Rica company. The Tobique licence gives no right to take bets from people in New Zealand; no New Zealand complaints route reaches the brand.

The verdict: RoyalistPlay is an offshore brand with a Tobique licence that does not apply in New Zealand. The honest framing of the licence is the licence’s own statement, not a New Zealand authorisation.

Sportaza

Sportaza names an Anjouan licence (ALSI-202606064-FI2) in its footer, with its terms section 1.4 citing a separate Tobique licence (No. 0000067). The Anjouan licence gives no right to take bets from people in New Zealand; there is no local complaints route for the brand.

The verdict: Sportaza is an offshore sportsbook with two named licences, neither of which authorises taking bets from New Zealand customers. The case for the brand is the product; the case against is the same framework gap that applies to every other offshore brand on this list.

Telbet

Telbet brands itself 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.

The verdict: Telbet is the most explicitly crypto-forward brand on this list, and the framework gap is the largest in absolute terms because the brand sits behind a crypto-only stack with no New Zealand-side recourse. The case for Telbet is the payment shape; the case against is the framework gap compounded by the payment shape.

FunBet

FletBet runs a sportsbook with odds on football, ice hockey, American football, basketball, volleyball, tennis, rugby and baseball, with live betting and a 24/7 book.

The verdict: FunBet is the broadest multi-sport catalogue on the offshore side of this list, with 24/7 live betting. The case for the brand is the catalogue; the case against is the framework gap.

BetNinja

BetNinja names a Comoros licence in its own terms; the Comoros licence gives no right to take bets from people in New Zealand. There is no local complaints route for the brand.

The verdict: BetNinja is an offshore brand with a Comoros licence that does not apply in New Zealand. The case for the brand is whatever its product carries over TAB NZ; the case against is the framework gap.

22Bet

22Bet is one of the larger offshore brands, with a Curaçao licence (8048/JAZ) and a 21+ age notice on the site footer. The site address redirects to 22bet4u.com.

The verdict: 22Bet is the offshore brand with the broadest name recognition on this list, with a Curaçao licence that does not apply in New Zealand. The case for the brand is the catalogue and the recognition; the case against is the framework gap.

Reading the offshore catalogue as a New Zealand punter

The eight offshore brands on this list are not a recommendation. They are the brands a New Zealand punter meets in search results, on affiliate pages, and in the marketing that follows a search for “online betting”. Reading them as a New Zealand punter means holding two ideas at once.

The first is that the offshore route is unlawful for the operator. Section 74AAA names the operator, not the player; the Department of Internal Affairs told providers to withdraw; the framework gap is real. A punt at an offshore site is a punt with no New Zealand complaints route, no TAB NZ harm-minimisation tool behind it, and no obligation on the operator to return unspent credits or pay out a large win.

The second is that the offshore catalogue is what the offshore catalogue is. Football props, alternate lines, deeper in-play markets, larger bonus catalogues, crypto payment stacks — these are the things the offshore brands offer that TAB NZ does not. The trade-off is breadth for framework, and the trade-off is the punter’s to make once the law is read.

The honest comparison is not “which site is best”. It is “given that TAB NZ is the only lawful route in New Zealand, what does each offshore site offer that TAB NZ does not, and is the framework gap worth the gap-closer”.

Where the legal frame ends and the punter’s frame begins

The law settles the question of who may take a bet. It does not settle the question of whether a particular bet is a good bet. A punter who has decided to use the lawful route still has to read the TAB NZ terms, set a deposit limit, choose a market, and accept that the catalogue is what the catalogue is.

A punter who has decided to use the offshore route has accepted the framework gap. The same punter still has to read the offshore site’s terms (welcome offer, turnover, minimum price per leg, deadline), set a deposit limit with no operator behind it, and accept that a self-exclusion at one offshore site does not bind the next one.

The Gambling Helpline is 0800 654 655, with a text line at 8006. Safer Gambling Aotearoa is the harm-minimisation body. Inland Revenue guidance says recreational gambling winnings are generally not taxable, 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 page treats this as general information rather than tax advice. The point-of-consumption charge on offshore racing and sports bets ceased on 30 June 2026; the operator-side online gambling duty on overseas operators supplying New Zealand residents is 12% of profits since 1 July 2024 and rises to 16% from 1 January 2027. A duty being payable does not make an offer lawful, and the page never writes that paying duty shows a bookmaker is legal.

Frequently asked questions about online betting in New Zealand

How can I bet on the Melbourne Cup online?

The Melbourne Cup is a TAB NZ fixed-odds and tote event, so the lawful way to back the Cup online from New Zealand is through the TAB or Betcha app. Both run on the same product; either app opens the race in time for the Cup Day card, with the same odds, the same Place Extra option, and the same wallet. Offshore books also offer the Cup, but the operator accepting the bet is one of the offshore brands named earlier on this page, and the framework gap applies.

How do I bet on horses online?

Horse racing is a TAB NZ product, so the lawful way to back a horse online from New Zealand is through the TAB or Betcha app. The bet types are the racing catalogue (Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Quaddie, Big6, plus Same Race Multis). Account opening requires a verified New Zealand address and an identity document. Offshore books also offer racing, with the same framework gap.

How do I bet Lotto online?

Lotto is not a TAB NZ product in the sense the racing and sports catalogue is. Lotto is run by Lotto NZ, which is a separate operator under a separate permit. The page does not present Lotto as part of the TAB NZ betting catalogue, and the punter who wants Lotto goes to Lotto NZ’s own channel rather than to a sportsbook.

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

Since 28 June 2025, TAB NZ is the only provider lawfully offering racing and sports betting to people in New Zealand, under section 74AAA of the Racing Industry Act 2020. TAB NZ runs two online brands: TAB and Betcha. Both run on the same product and the same harm-minimisation framework. There is no licence to apply for and no licence register for bookmakers, because the law leaves only one lawful provider.

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

For a decimal-odds single bet, return = stake × odds, and net profit = stake × (odds − 1). A NZ$10 stake at $2.10 returns NZ$21, with NZ$11 of that being profit. For a multi, the odds of each leg multiply into one combined price, and the same formula applies to the stake at that combined price. The TAB NZ bet slip shows the stake, the odds, and the potential return before the bet is placed.

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

The margin is the share of every dollar bet that the book keeps, on average, across all outcomes of one market. For a two-outcome market with decimal odds o₁ and o₂, the payout share is 1 / (1/o₁ + 1/o₂), and the margin is 1 minus the payout share. A market at $1.91 / $1.91 carries a payout share of about 95.5% and a margin of about 4.5%; the closer the prices sit to $2.00 / $2.00, the smaller the margin. The TAB NZ margin on a named fixture is not published; the punter who wants to see it can compute it from the prices on the slip.

Published by the Nzsoccerodds team.