A Full Guide to betting online in New Zealand
Betting online is seen as a controversial form of gambling in some countries like the United States. However, a country like New Zealand shows a more positive stance towards online betting
and have even integrated it into the gambling system.
The gambling industry has been booming in New Zealand for many years. Although it has undergone some periods of strict regulation, Kiwis are now allowed to engage in many gambling forms, as regulated by the Department of Internal Affairs.
This includes horse racing, sports gambling, lotteries, mobile pokies, and online casino games located outside New Zealand. Nevertheless, this comprehensive guide covers everything you need to know about betting online in News Zealand, including:
● Is Sports Betting Legal in New Zealand?
● What Sites You Can Trust
● Making Deposits And Withdrawals
● Advanced Bet Types
Is Sports Betting Legal in New Zealand?
Under NZ online gambling laws, it is illegal to own or operate an online sportsbook within New Zealand. On the other hand, it`s not a crime to place online bets on licensed and regulated online sports betting destinations.
These sports betting sites should be located outside of the country and also accept clients from New Zealand. Additionally, you can find a few offshore sportsbooks legally approved to get bets from people living in New Zealand.
What Sites You Can Trust
You can find reliable NZ sports betting sites
that provide a good experience. However, here are some points to consider before you get started:
● First, you have to consider the site security. You must find out if the site employs tools that ensure the protection of a player`s data.
● You must ensure to find out if the site is audited for fairness. And also where the site is licensed.
● You should also check out the software provider and if the site has a good number of betting options.
● You should also consider promotions and bonus offers.
● Lastly, you must check out the banking options available.
Making Deposits And Withdrawals
It`s required to deposit money into a betting site if you want to bet on sports in NZ. Moreover, these sites offer a wide range of payment methods that usually guarantee an easy and quick way to transfer funds to your account.
You should also take out time to examine the possibilities of each payment alternative. These various payment options can have different minimum deposit amounts or maximum withdrawal limits. And their processing speeds usually varies.
Below are some standard payment options available to manage your funds at a sports betting site in New Zealand.
● Credit cards
Most sports fans will prefer to make deposits and withdrawals with a credit card when placing bets online. What makes people choose this option is due to the high level of security offered by payment brands like MasterCard and Visa. Furthermore, credit cards are mostly featured in many of the New Zealand bookmaker sites.
● Bank transfer
Sure, many New Zealanders are most likely to make a standard bank transfer than using bitcoin or PayPal for their deposits and withdrawals. Nevertheless, this is also a reliable payment method.
Nowadays, many sports betting sites in New Zealand offer Neteller as an option to make secured and quick payments. This payment alternative is a type of wallet that can be used to purchase different goods and services online. Besides, it`s not only convenient to use, but it also provides quick payout times.
The use of bitcoin to fund sports bets is now acceptable at some bookmakers` websites. Although many betting sites do not accept cryptocurrency, the betting sites that accept bitcoin usually give customers a great way to use it for cash deposits and withdrawals.
PayPal is considered one of the best payment methods globally. The good news is that many bookmakers sites in New Zealand now accept it. PayPal offers its users fast and secure online payments. One good thing when using PayPal is that you don`t need to enter any of your credit card numbers when adding money to your account.
Advanced Bet Types
There are a few alternative ways available to for you to enjoy placing sports bets in New Zealand. Below are some excellent ways to take your sports betting up to another level:
● Betting exchanges
Betting exchanges allow you to bet on odds of other sports fans instead of the fixed odds the bookmaker offered. This way of betting improves your chances of getting some of the best odds on the market.
● Asian handicap betting
Asian handicap betting removes the draw from any sporting event where there are chances of an away win, a home win, or a tie. Furthermore, it allows you to put a team at a points deficit so that they need more to win for you to get a result. Although this is difficult, it also means you stand a chance to score bigger profits.
● Cash-out betting
It`s now popular to cash out your bets. Cashing out bet gives you an excellent way to cancel your bets midway through a sporting event. Doing this will help you to reduce any potential losses and even allow you to enjoy another bet.
To wrap up, based on gambling laws in New Zealand, citizens are permitted to gamble online in as much as the sites are located outside the country. As such, you will come across several offshore sites that accept customers from New Zealand.