NEW Zealand law fails to cover modern day online bookmakers, meaning there is no regulation for the many ‘offshore’ operators that market their services to Kiwis. When we say there is no regulation, New Zealand is serviced by many of the same bookmakers its bigger neighbour Australia uses, meaning they fall under licensed jurisdictions in this country.
Often bookmakers will not allow you to deposit in New Zealand Dollars, but after you have made your deposit in another currency (i.e AUD which is almost on parity with NZD) it will simply deposit the correct amount out of your account and display the balance in the currency you have chosen.
New Zealand’s legislation and laws when it comes to online gambling isn’t favourable for companies hoping to run and market an online gambling business/site from within the country, but it is very good for residents hoping to have a punt to add some excitement to their favourite sports.
So what are the laws and rules allowed under New Zealand legislation? What are the best online bookies to deal with when you are a New Zealand resident or using NZD?
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Recommended online bookies for New Zealand
We trust and recommend the following online bookies for New Zealand residents and New Zealand dollars. Each and everyone is licensed by jurisdictions in Australia and are reputable brands. While Kiwi residents have no real restrictions placed on them when wagering online, it is common-sense to gamble at websites that have good reputations.
Not only do each of these sites accept NZ customers and NZD but they also have a wide array of sign up bonuses available to NZ customers as well as constantly changing promotions and deals available to entice you to keep playing with them above their competition.
New Zealand’s gambling laws
In essence it is legal for New Zealand residents to indulge in online sports betting. However it is illegal for domestic companies to offer interactive online gambling options. But it is legal for residents to access interactive online gambling options as long as the service is provided by an off shore company.
This is great news for the average New Zealand punter because they can have a punt online without fear of breaking, fracturing or even bending New Zealand legislation when it comes to the subject.
All of the gambling rules, laws and regulations are outlined by the Gambling Act of 2003. It basically states gambling is prohibited and illegal unless it is spoken about in the Act or the Racing Act of the same year. It can also be exempt if it falls under private gambling.
Because the Act fails to cover the modern landscape Kiwis are free to gamble at offshore gambling sites. Although you won’t find them being advertised in mainstream media because of offshore bookies are forbidden to do so. This also means the bookies are unable to offer sign-up bonuses to Kiwis.
There has been some discussion about updating this legislation in New Zealand, but it seems to have been put on the back burner as bigger issues have emerged.
Most popular sports to bet on in New Zealand
Here is a list of some of the most popular sports commonly bet on by New Zealand punters.
Each of these sports have their own unique set of betting markets available. But some of the most common bets are, head-to-head, line betting and assorted futures betting.
Horse racing in New Zealand
Horse racing is huge in New Zealand. There are group 1 races dotted throughout the year and many horses voyage across the ocean to race in Australia for bigger spoils. Some of the greatest horses the world has ever seen are from New Zealand with these including Phar Lap and Sunline.
While the majority of money wagered in New Zealand on the gallops is through the tote, Kiwis are betting at offshore sites in droves, where they generally find better odds. The offshore bookies that operate in Australia will usually have all Australin races and NZ races available to bet on.
For the bigger races, there will be futures out well in advance, which can
Can I get bonus bets in New Zealand?
Put simply? Yes! Sign up bonuses, free bets and all manner of promotions are available to New Zealand residents and are available in NZD if that is what you have deposited your funds in. All you have to do to take advantage of these promotions is create a new account with one of our recommended online bookies and deposit funds. Then bet to your heat’s content.
Check the promotions page of each of our recommended online bookies for their sign up bonuses and ongoing or monthly promotions.
We recommend signing up to several online bookies, firstly to take advantage of each bookie’s sign up bonus, but to also find the best odds for any given bet you want to make. Always be on the look out for the best value for your dollar.
If you are a resident of New Zealand, log on to one of our recommended online bookies now and enjoy the freedom afforded to you by the New Zealand government under the Gambling Act, 2003.