Horse racing betting in New Zealand in 2026: who may take your bet, how the odds work, and what your stake pays back

Updated October 2026

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The simplest fact about horse racing betting in this country, and the one that overrides every other choice a punter makes, is that the law names a single provider. Since 28 June 2025, only TAB NZ and its online sister brand Betcha may lawfully offer racing and sports bets to people in New Zealand. The alternative offshore bookmakers that New Zealand players meet through advertising or word of mouth do not have a New Zealand licence because no such licence exists to apply for. That structural monopoly shapes everything that follows, from where you can place a bet to what consumer protection sits behind it.

Current as of 30 October 2026 · Licence claims verified against the Racing Industry Act 2020, section 74AAA, and the Department of Internal Affairs (DIA) register.

How a horse racing bet actually works from selection to payout

A horse racing bet starts with three choices: the runner, the market, and the stake. The runner is the horse you fancy; the market is the type of bet (win, place, each way, quinella, trifecta, a multi); the stake is the dollar amount you risk. The bookmaker or tote pays out only if the bet settles in your favour according to the rules of that market.

The Australian and New Zealand tote operates differently from a fixed-odds bookmaker. TAB NZ runs both: a fixed-odds book where you take a price at the time you place the bet, and a pool (tote) where your stake goes into a pool with other punters and the dividend is declared after the race. The pool dividend is not guaranteed when you bet; the fixed-odds price is. Which one suits depends on whether you want certainty or a share of whatever the pool becomes.

The basic bet types and what they cost

A win bet pays out only if your horse finishes first. A place bet pays out if your horse finishes in the placings — the number of paid places depends on the field size and the race type. An each-way bet is two bets at once: a win bet and a place bet, so your stake is doubled. A $5 each-way bet costs $10.

The place terms vary. Under UK each-way conventions, handicaps with more than 15 runners pay a quarter of the win odds for four places; 12 to 15 runners pay a quarter for three places; races with 8 to 11 runners pay a fifth for three places; 5 to 7 runners pay a quarter for two places; fewer than 5 runners pay only on a win. New Zealand and Australian each-way place terms follow broadly similar logic but each operator sets its own — TAB NZ’s own terms govern, and the punter checks them before staking.

A worked example makes the mechanics concrete. A $10 each-way bet on a 10-to-1 horse at quarter-odds place terms for three places costs $20. If the horse wins, the win half returns $110 (stake plus profit at 10-to-1) and the place half returns $35 (stake plus profit at one-quarter of 10-to-1), giving $145 total. If the horse finishes second or third, the place half returns $35 and the win half is lost. If the horse finishes out of the placings, both halves are lost.

Exotic bet types: quinella, exacta, trifecta, First4

Quinella: pick the first two finishers in any order. Exacta: pick the first two in the correct order. Trifecta: pick the first three in the correct order. First4: pick the first four in the correct order. These are harder to land and the payouts are correspondingly larger, but the bookmaker’s take (the tote takeout or the fixed-odds margin) is built into the dividend or the price.

A quinella on a race with twelve runners might pay $40 for a $1 stake; an exacta in the same race might pay $80 because the order is specified. The wider the field and the less obvious the result, the higher the payout on exotics.

Multi bets and same-game multis

A multi (accumulator) combines two or more selections across different races or sports; every leg must win for the bet to pay out. The odds multiply, so a three-leg multi at $2, $3 and $4 prices to $24 for a $1 stake. A same-game multi (SGM) is a multi whose legs all come from one event — for racing, a multi within the one race card where the legs are separate markets on the same runner (win and place, or top-three finishes). TAB NZ publishes Same Game Multis in its app alongside the standard racing bet types.

What the odds actually represent

Decimal odds show what a $1 stake returns, stake included. Odds of $3.00 mean a $10 stake returns $30 (your $10 plus $20 profit). Odds of $1.50 mean a $10 stake returns $15 (your $10 plus $5 profit). The lower the odds, the more likely the bookmaker considers the outcome; the higher the odds, the less likely — and the more you stand to win for the same stake.

The bookmaker’s margin is the difference between the fair payout of the odds and what they actually pay. A fair two-way market at $2.00 each side returns the full stake to winners; a bookmaker offering $1.90 each side keeps a margin on every dollar bet, because the combined payout share is below 100%.

The margin, in one line of arithmetic

Take an illustrative two-way market at decimal odds 1.90 on each side. The payout share is 1 ÷ (1/1.90 + 1/1.90) = 1 ÷ (0.5263 + 0.5263) = 1 ÷ 1.0526 ≈ 0.95, or 95%. The margin is 1 minus 0.95, or roughly 5%. For every $100 bet on that market, the bookmaker keeps about $5 on average across all outcomes.

That is the upper end of competitive margins on a balanced two-way market. Tight markets in major horse races — especially win markets on short-priced favourites — can run a margin closer to 2% to 3%; exotic pools and unbalanced markets carry higher margins, sometimes 15% to 25% or more. The margin is not printed on the betting slip. It sits inside the odds.

The 10 brands a New Zealand punter will meet, and how each one stacks up

The ranking below is descriptive, not promotional. Two of the ten brands are lawful New Zealand providers; the other eight are offshore bookmakers that New Zealand players encounter through advertising and word of mouth, none of which holds a New Zealand licence. The table lists what each brand’s own terms state; it does not endorse any of them. For New Zealand residents, only the first two rows represent a lawful avenue to bet.

The first two rows carry a fundamentally different status from the rest. The offshore brands do not hold a New Zealand licence because no such licence exists to hold. Section 74AAA of the Racing Industry Act 2020 prohibits any person other than TAB NZ from offering racing or sports betting to a person in New Zealand, and the Department of Internal Affairs instructed unlicensed providers to withdraw with immediate effect when the amendment took force. The remaining eight rows are listed because New Zealand punters meet them, not because any of them is lawful to bet with from inside New Zealand.

What “legal” actually means in the New Zealand horse racing market

New Zealand runs a closed market for racing and sports betting. Since the Racing Industry Amendment Act 2025 inserted section 74AAA into the Racing Industry Act 2020, with effect 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 resides or where the operator is incorporated. The Department of Internal Affairs monitors compliance with the betting prohibition under the Gambling Act 2003 and the Racing Industry Act 2020.

The law does not geo-block offshore websites. It puts liability on the offshore operator. The penalty for breaching section 74AAA is not stated in the section, and no prosecution of an offshore bookmaker was published. For the player, 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. No source states a player-facing penalty. DIA warns that overseas operators may be in jurisdictions with minimal consumer safeguards, may not return unspent credits, and may not pay out large wins.

There is no New Zealand bookmaker licence register because there is only one lawful provider. TAB NZ is held by the New Zealand Racing Board and runs its digital business under a 25-year agreement with Entain signed in 2023, giving Entain a 50/50 share of gross profits with at least $150m a year going to TAB NZ for the first five years, and a one-off $100m payment from Entain to the racing sector. Betcha and TAB are the two online brands of TAB NZ — they are one operator group, not competitors. Online casino gambling is licensed separately under the Online Casino Gambling Act 2026 and does not extend the betting monopoly.

What may be bet on: racing and sports from TAB NZ only. TAB NZ takes fixed-odds and tote (pool) bets. Greyhound racing is closing in stages from 1 August 2026, and from that date offshore operators may not take bets on greyhound races either. No lawful New Zealand betting exchange exists, and spread betting falls outside TAB NZ’s sports-betting definition. Bets on politics and novelty markets are not established. Whether esports betting counts as “sports betting” under the Racing Industry Act is not established either.

The safer gambling framework behind the only lawful option

TAB NZ lists deposit limits, time-outs and self-exclusion in its apps. An exclusion applies across both TAB NZ brands (TAB and Betcha) — closing one closes the other. Account opening at TAB NZ requires a verified New Zealand address and ID. The age for betting is 18; betting under 18 is an offence under section 89 of the Racing Industry Act 2020. Land-based casino age is 20 — the two are different rules and the page does not merge them.

TAB NZ must keep the risks of problem and underage gambling minimised and pays a Problem Gambling Levy of 0.74% of its betting revenue, a rate in force from 1 July 2025 to 30 June 2028. Help is available through the free Gambling Helpline at 0800 654 655 (text 8006) and Safer Gambling Aotearoa. There is no single national online-betting exclusion register: the register the Online Casino Gambling Act 2026 will establish covers online casinos, not racing and sports betting.

The framework is not just a set of tools. It is the difference between a bet placed with a regulated New Zealand operator that holds the punter’s harm-minimisation obligations and a bet placed with an offshore brand that answers to a regulator in a jurisdiction that does not reach this country. No offshore brand in the table above has a New Zealand complaints route or harm-minimisation framework that reaches it. That is the practical consequence of the monopoly, and it is the reason the law is structured this way rather than the other.

Bonuses and free bets: what the marketing says, and what the small print does

Bonuses and free bets in horse racing take a few shapes. A deposit match adds bonus funds to your account equal to a percentage of your deposit, with wagering requirements that have to be cleared before withdrawal. A free bet credits your account with a stake you can wager, usually without returning the stake if the bet wins. A boosted odds offer raises the price on a specific runner for a limited window. A money-back promo refunds your stake (sometimes as cash, more often as a free bet) if your horse loses under a stated condition.

The shape that matters is what happens to the bonus after you take it. A “100% bonus up to $100” sounds like free money. In practice the bonus typically has a wagering requirement — a turnover multiple — that means you must bet the bonus amount (or the bonus plus the deposit) a stated number of times before any winnings become withdrawable. If the wagering factor is 5x the bonus and the minimum odds are $1.50, a $100 bonus takes $500 of qualifying bets at $1.50 or higher before withdrawal unlocks.

TAB NZ runs “bonus bets” promotions under its own terms. No New Zealand statute caps bonus bet size or sets wagering terms, so the only ceiling is whatever TAB NZ publishes. The page describes what an offer costs; it does not print a promo code or invite a sign-up.

For the offshore brands in the comparison, the published welcome offers include a 100% match up to EUR 100 on the first deposit (BetNinja), 100% up to EUR 100 plus a crypto welcome of 100% up to 200 USDT (Spinbara), 200% up to 1 BTC plus 50 free spins with a 5 USDT free bet (Telbet). These are stated as the brands’ own terms state them. None of them applies lawfully to a New Zealand resident.

The mobile and app experience for horse racing in New Zealand

TAB NZ publishes its racing and sports betting app on the New Zealand App Store under the seller name New Zealand Racing Board, with the app first released on 8 September 2014. The app carries a 17+ age rating on the store while stating that customers must be 18 or over to bet. The app covers horse and harness racing, rugby union and rugby league, and other sports, both pre-match and live. It includes Trackside live race streaming with in-app betting, racing form, Blackbook and Jockey Challenge tools, and a simplified wallet for deposits and withdrawals.

Betcha, the second TAB NZ brand, was first released on the New Zealand App Store on 6 August 2024 by Entain New Zealand Limited. The two apps share the same legal backing, the same exclusion framework, and the same wallet mechanics, but each is positioned differently: TAB is the legacy, full-featured racing product; Betcha is the newer, app-led sports-focused brand.

For the offshore brands, mobile access comes through their own apps and mobile sites. None of them is confirmed to offer a New Zealand App Store listing or a New Zealand-tailored mobile product. A punter who chooses to use one does so outside the New Zealand regulatory frame.

What the app experience buys the punter is speed and a live data feed. Trackside streaming inside the TAB NZ app means a punter can watch the race and bet in real time; the form and Blackbook tools give pre-race data; the wallet handles deposits and withdrawals. None of that replaces a view on the odds and the margin, but it changes the practical pace of betting from desktop to phone.

Live betting and cash out on horse racing

TAB NZ lists live betting inside its app. The mechanics: as a race unfolds, the price on each runner moves — shortens for a horse travelling well, drifts for one outpaced — and the punter can take a price at the new number. Live betting on horse racing is constrained by the speed of the event: a flat race over 1200 metres is decided in roughly 70 seconds, and there is little time to log in and place a bet mid-race. In-running liquidity is thin for that reason; most live betting on racing sits in the moments between races, when TAB NZ may offer prices on upcoming runners based on early market signals.

Cash out closes a bet before the race finishes. TAB NZ offers cash out on selected bet types in its app: the punter takes a settlement value that reflects the current state of the bet (a horse in the lead, a horse losing ground) rather than waiting for the result. The cash-out price is built from the live odds and includes a margin; it is not the same as the fair value of the position, because the bookmaker has to make a return on closing the bet early. A punter who cashes out a winning position takes less than at full settlement; a punter who cashes out a losing position takes less than the loss at full settlement.

Offshore brands in the comparison offer live betting as a section of the sportsbook (Rooster, BetAlright, FunBet, 22Bet). For a New Zealand resident the question of whether to use them at all is the larger one; the live betting feature does not change that frame.

Predictions, form, and what a “system” can and cannot do

A “best bet” in horse racing is a runner the tipster thinks is overpriced at the available odds. A “system” is a set of rules for selecting runners — class, form, going, draw, jockey, trainer statistics — applied consistently. A punter’s edge, if there is one, comes from a system the punter executes with discipline over hundreds of bets, not from one pick on one race.

Form analysis is the work of reading a horse’s past runs, the conditions of those runs (track, distance, going, class), and the conditions of the upcoming race. The TAB NZ app carries form data, Blackbook (a personal horse-watching tool), and Jockey Challenge markets. None of those tools produces a winner. They organise information; the punter judges it.

Matched betting — using a free bet at a bookmaker and laying the opposite outcome at an exchange to lock in a small profit — depends on a betting exchange existing. New Zealand has no lawful exchange, so matched betting on New Zealand racing is not available through lawful channels. Where the marketing for a “matched betting strategy” appears in connection with horse racing, the punter checks what exchange the strategy assumes, and whether the exchange is lawful to use from New Zealand. Without an exchange, the strategy does not work.

What a “best system” can honestly claim is that disciplined staking and a stable bankroll reduce the variance that punter mistakes create. What no system can honestly claim is that it beats the bookmaker’s margin in the long run. The margin is built into every price. The system either finds prices that are mispriced (rare) or it does not; if it does not, the bookmaker keeps its percentage across the punter’s volume, and the punter loses slowly.

Bet types and odds: a deeper look

The racing bet types fall into two families: single-race bets and multi-race bets, and within each, simple and exotic. Simple single-race bets are win, place, each way. Exotic single-race bets are quinella, exacta, trifecta, First4. Multi-race bets are double (two legs), treble (three legs), quaddie (four designated legs, often the last four races of a meeting), Big6 (six designated legs), and the running double (consecutive races). The Same Game Multi packages several markets on one event into a single bet slip.

The handicap is not a bet type but a race condition. In a handicap, each horse carries a different weight assigned by the handicapper based on the horse’s assessed ability, so the field theoretically levels. In a conditions race, horses carry the same weight with allowances for younger horses and for fillies and mares. The punter uses the handicap weight, the going (track condition), the distance, and the barrier draw to assess each runner.

Each-way betting was described above. Quinella and exacta were described above. A double links two legs: both must win. A treble links three. The odds multiply. A Quaddie is a TAB pool bet where the punter picks the winner of four designated races; if any leg misses, the bet loses. A Big6 extends that to six designated races. Quaddie and Big6 pools can pay large dividends because many punters miss at least one leg.

The bet builder (Same Game Multi) lets a punter combine multiple markets from one race into one bet slip. A SGM on a single runner might combine a win, a place, and a top-three finish; the odds multiply across the legs but at a margin the bookmaker sets higher than for straight win markets, because the correlated outcomes give the bookmaker more risk and a higher built-in edge.

Sports and tournaments: what the New Zealand racing calendar looks like

The New Zealand thoroughbred racing calendar runs year-round across metropolitan and provincial tracks. The major meetings — Auckland Cup Day, New Zealand Derby Day, Karaka Million night, the Hawke’s Bay spring carnival — draw national fields and substantial betting turnover. Harness racing (trots) runs on a parallel calendar with its own cups and feature nights. Greyhound racing runs until it closes in stages from 1 August 2026, after which no lawful greyhound betting exists in New Zealand.

International racing is covered by TAB NZ’s overseas feed. The Melbourne Cup in November is the single biggest day of the year for New Zealand punters; many place a bet on the Cup who place no other bet all year. The TAB NZ app carries the Melbourne Cup field, form, and a Same Game Multi across the race. The Caulfield Cup, the Cox Plate, Royal Ascot, the Breeders’ Cup, the Dubai World Cup, and the major Japanese and Hong Kong Group 1 races are all priced in the TAB NZ international feed.

For a New Zealand punter, the practical rhythm is local racing most days, with the major Australian carnivals (Melbourne Cup week, the Sydney autumn, the Brisbane winter) drawing heavier betting volume. International betting volume concentrates on the major Group 1 races; lesser international meetings are priced but with thinner liquidity.

Reviewed brands, one by one

Each review below covers what the brand’s own terms state, the regulatory frame, and the verdict that follows from both. The two New Zealand-licensed brands (TAB and Betcha) are covered first because they are the lawful options; the offshore brands are covered next, with their licence status stated plainly in each block. A punter who reads only the first two has the law’s answer. A punter who reads further is reading the comparison the page owes the reader.

TAB

TAB is one of the two online brands of TAB NZ, the only provider lawfully offering racing and sports betting to people in New Zealand under section 74AAA of the Racing Industry Act 2020. The site is operated under a 25-year agreement with Entain signed in 2023, with Entain taking a 50/50 share of gross profits and at least $150m a year flowing to TAB NZ for the first five years. TAB covers thoroughbred, harness, and (until 1 August 2026) greyhound racing, with fixed-odds and tote markets, win, place, each way, quinella, exacta, trifecta, First4, double, treble, Quaddie, Big6, multi and Same Game Multi. The app carries Trackside live race streaming, form, Blackbook and Jockey Challenge tools. Safer gambling tools include deposit limits, time-outs, and self-exclusion. Customer support is New Zealand-based; the complaints route is the New Zealand system, not an offshore regulator.

The verdict: TAB is the lawful choice for a New Zealand punter, full stop. The product is full-featured, the racing coverage is comprehensive, and the consumer protection is real. The downside is the lack of price competition — a monopoly means whatever margin TAB NZ builds into the odds is the margin the punter pays, with no rival bookmaker offering an alternative price to discipline it.

Betcha

Betcha is the second of the two online brands of TAB NZ, first released on the New Zealand App Store on 6 August 2024 by Entain New Zealand Limited. It carries the same licence under section 74AAA of the Racing Industry Act 2020 and the same self-exclusion framework as TAB. The product is app-led and pitched to a sports-focused audience, with racing markets included but positioned as a complement to the TAB NZ racing product rather than a replacement.

The verdict: Betcha is the same operator as TAB under a different brand. A punter who wants a second TAB NZ app for the interface or the sports focus can use it; a punter who thinks Betcha is a separate bookmaker is mistaken. There is no price competition between the two brands any more than exists between two windows of the same shop.

Rooster

Rooster is not licensed in New Zealand. The brand names a Tobique Gaming Commission e-gaming licence (No. 0000002), held by Novatrix SRL — a licence that gives no right to take bets from people in New Zealand. The home page shows Live, Sports Promotions, Results, Schedule, E-sports and Predictions sections, with odds in six formats. Horse racing coverage is not confirmed by what the brand’s home page displays, so a punter who wants racing markets from this brand checks the racing tab before staking.

The verdict: a New Zealand punter using Rooster is betting outside the New Zealand regulatory frame, with no New Zealand complaints route and no New Zealand harm-minimisation obligation reaching the operator. The platform lists esports and virtual sports rather than horse racing as headline categories; if racing is the punter’s priority, the fit is not obvious.

Golden Panda

Golden Panda is not licensed in New Zealand. The home page lists a Sports section with a sportsbook, esports and virtual sports, plus casino, live casino, crash games, rewards, cashback, a VIP Club, Golden Goals, and Prediction Markets. The product is casino-first and broad; horse racing is not a stated feature on the home page.

The verdict: a New Zealand punter is outside the New Zealand frame here, and the product is not racing-led. Casino games, crash games, and prediction markets sit at the centre of the offering; sports betting is one section among many. A punter whose primary interest is horse racing is not the target audience.

BetNinja

BetNinja is not licensed in New Zealand. The brand names a Union of the Comoros licence, which gives no right to take bets from people in New Zealand. The advertised offers include a casino welcome of EUR 1,000 bonus and 100 free spins, and a sports offer of a 100% match up to EUR 100 on the first deposit. Horse racing markets are not separately confirmed in the brand’s listing.

The verdict: another offshore sportsbook and casino rolled into one account, with the welcome offer published in euros (a currency conversion is implicit for a New Zealand punter). No New Zealand regulatory frame applies; no New Zealand complaints route exists. A punter who values the New Zealand harm-minimisation tools and the operator’s domestic accountability will not find them here.

BetAlright

BetAlright is not licensed in New Zealand. The home page lists a sportsbook covering football, tennis, table tennis, basketball, ice hockey, American football and baseball, with Live Betting and Virtual Sports sections. Horse racing does not appear among the featured sports on the home page.

The verdict: the product is clearly positioned around ball sports and North American leagues, not horse racing. A New Zealand punter who wants racing is not the target audience for this brand; the racing markets, if any, are not what the home page leads with. Offshore, no New Zealand frame.

FunBet

FunBet is not licensed in New Zealand and names no licence that applies here. The home page covers football, ice hockey, American football, basketball, volleyball, tennis, rugby, and baseball, with live betting and a bookmaker described as open 24/7. Horse racing is not listed among the featured sports.

The verdict: a multi-sport offshore bookmaker whose advertised centre of gravity is team sports. Rugby is a notable inclusion given New Zealand’s appetite, but horse racing is not on the home page. A punter whose primary interest is racing checks the racing tab before staking; the law treats the bet the same way regardless.

Spinbara

Spinbara is not licensed in New Zealand and names no licence that applies here. The English-language site 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 of 100% up to EUR 500 plus 200 free spins. Horse racing markets are not separately confirmed.

The verdict: an offshore brand with a crypto-friendly welcome and a casino-led offering. Two advertised welcome offers in different currencies (EUR and USDT) imply the punter thinks about which wallet to fund before staking. No New Zealand frame, no New Zealand complaints route.

22Bet

22Bet is not licensed in New Zealand. The brand names a Curaçao licence (8048/JAZ), held by TechSolutions Group N.V. — a licence that gives no right to take bets from people in New Zealand. The sportsbook lists 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 horse racing catalogue is not detailed in the available listing.

The verdict: a broad-market offshore bookmaker with deep market type coverage. The breadth is the pitch; a New Zealand punter who wants a particular racing market that TAB NZ does not offer might find it here, but does so outside the New Zealand regulatory frame. A punter who needs a New Zealand complaints route or a New Zealand harm-minimisation obligation reaching the operator will not find them.

Telbet

Telbet is not licensed in New Zealand and names no licence that applies here. The site 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 the Russian-language site. Horse racing is not confirmed among the advertised products.

The verdict: a crypto-first offshore brand with a high-percentage welcome offer denominated in Bitcoin. The currency choice is the headline; the punter who wants a $10 NZD win bet on a maiden at Trentham is not the audience. No New Zealand frame, no New Zealand complaints route.

Frequently asked questions about horse racing betting in New Zealand

How do I bet on horse races?

Pick a race from the TAB NZ app or the Betcha app, choose a runner, choose a market (win, place, each way, quinella, exacta, trifecta, First4, or a multi), enter your stake, and confirm the bet slip. The bet settles when the race finishes; a winning bet returns stake plus profit at the odds you took.

How does horse betting work?

A horse racing bet is a contract between you and the bookmaker or tote. You stake a dollar amount on a runner to finish in a stated position (first for a win, in the placings for a place, in the first two for a quinella, and so on). If the outcome matches, the bookmaker pays out at the agreed odds; if not, the stake is lost. Fixed-odds bets pay at the price taken; tote bets pay a dividend declared after the race.

How do odds work in horse racing betting?

Decimal odds show the total return per $1 staked, stake included. Odds of $3.00 mean a $1 stake returns $3. The lower the odds, the more likely the runner is to win in the bookmaker’s judgement. The bookmaker’s margin is built into the odds and is the difference between the combined payout share and 100% of the stake.

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

Only TAB NZ, through its two online brands TAB and Betcha, under section 74AAA of the Racing Industry Act 2020 (in force from 28 June 2025). There is no licence register for other bookmakers because no other bookmaker may lawfully offer racing or sports betting to people in New Zealand.

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

Multiply the stake by the decimal odds. A $10 stake at odds of $4.50 returns $45 ($10 stake plus $35 profit). For an each-way bet, the calculation runs twice — once on the win part at full odds, once on the place part at the place fraction of those odds. For a multi, the odds of the legs multiply into one combined price before the stake is applied.

Created by the ”Kiwirugbybetting” editorial team.