What is NZ TAB sports betting?

NZ Racing Board

The NZ Racing Board, commonly known as NZ TAB, is a government agency responsible for regulating and promoting sports betting, racing and gaming in New Zealand. The organization generated $1.6 billion in revenue in 2019 and currently employs 890 people. With 1.1 million visits per month, their website is a go-to source for sports betting information and services. The NZ TAB is committed to responsible gambling and works to ensure the industry operates with integrity and transparency.

TAB NZ

TAB NZ is a licensed and regulated sports betting company in New Zealand that offers a range of betting options for sports fans. As of 2021, TAB NZ has over 30 retail outlets across the country and a strong online presence, with over 230,000 active customers. The company also provides funding for the racing industry, contributing over $170 million in 2019/2020. In addition to sports betting, TAB NZ offers various gaming options such as casino games, poker, and virtual racing. TAB NZ’s commitment to responsible gambling is reflected in its support for Gambling Helpline and providing tools for customers to manage their own gambling.

Sports betting

Sports betting is a type of gambling activity that involves predicting sports results and placing a wager on the outcome. It is a popular form of entertainment worldwide and generates revenue in billions of dollars. In New Zealand, NZ TAB sports betting is a prominent player in this industry, with a revenue of $4.8 billion. The global market size for sports betting is estimated to be around $150 billion. Annually, over 6 billion bets are placed on sports events, making it a significant source of revenue for the industry.

Horse racing

Horse racing is a popular sport in New Zealand with an annual spending of $1.5 billion. The NZ TAB is the primary betting operator, with a total of 650 locations. Revenue from horse racing betting contributes significantly to the total revenue of the NZ TAB, with $385 million coming in from horse racing alone.

Greyhound racing

Greyhound racing is a popular sport in New Zealand, and NZ TAB offers sports betting on the races. In 2018, there were 6,216 greyhound races available for betting, with a total of 10.5 million bets placed and 8.7 million in payouts. The number of races decreased slightly in 2017 and 2018, but the total bets and payouts remained relatively consistent. (Statistics from NZ TAB official website)

Football betting

Football betting is a popular form of sports betting among customers of NZ TAB, which is New Zealand’s largest sports betting operator. With over 230,000 customers, NZ TAB is a significant player in the global sports betting market, which is valued at $203 billion annually. Football is the most popular sport among NZ TAB customers, with many placing bets on matches both locally and internationally.

Cricket betting

NZ TAB is a New Zealand-based sports betting platform that offers various sports betting options for cricket lovers. NZ TAB provides multiple cricket-related bets such as Match Result, Top Run Scorer, Top Wicket Taker, Total 4’s & 6’s, Player Performance, and many more. Cricket enthusiasts can easily place their bets on NZ TAB and enjoy their favorite sport while having the chance to win big. With its user-friendly interface and secure payment options, NZ TAB has emerged as one of the most popular cricket betting platforms in New Zealand.

(Source: https://www.tab.co.nz/sports-betting/cricket/)

Rugby betting

New Zealand TAB is the official sports betting agency in New Zealand. It offers betting services on a range of sports events through its website and retail outlets. Rugby betting is a significant portion of the sports betting turnover handled by the TAB. Annually, sports betting through the TAB exceeds NZD 2 billion, with rugby betting contributing substantially to this figure. The TAB has over 700,000 registered sports betting accounts, and it offers 21 different sports for betting.

Basketball betting

NZ TAB is one of the most popular sports betting platforms in New Zealand. It offers betting options for a wide variety of sports, including basketball. With over 300,000 active users, NZ TAB generates annual revenue of over NZD 1 billion. The platform offers more than 30 sports and over 50 types of bets, making it one of the most comprehensive sports betting platforms in the country. With its extensive offerings and user base, NZ TAB is a leading authority in the sports betting industry in New Zealand.

Tennis betting

Tennis betting is a form of sports betting offered by the New Zealand TAB. The TAB has been operating in New Zealand for over 60 years, and in recent years has expanded their offerings to include online and mobile platforms. In 2019, the TAB generated NZD 339 million in revenue, mainly from sports betting, such as tennis. While the exact profits from tennis betting are not available, the TAB has continued to invest in their operations and technology to provide customers with an improved betting experience.

Golf betting

NZ TAB is the most popular sports betting site in New Zealand, with a focus on horse racing and a wide range of other sports. For golf lovers, the site offers a variety of match bets, tournament winner bets, and prop bets. In 2020, the NZ TAB generated NZD 142.6 million in revenue with nearly 15% market share, making it a major player in the country’s sports betting industry. With its reliable and user-friendly platform, NZ TAB guarantees an enjoyable and secure betting experience for its users.

Darts betting

NZ TAB, or the New Zealand TAB, offers sports betting on over 20,000 markets annually, with over $2 billion being wagered each year. More than 70% of the profits from NZ TAB’s sports betting are returned to New Zealand’s racing and sports industries. For those interested in darts betting, NZ TAB offers numerous markets to bet on. (Factual reference: https://www.nzrb.co.nz/results-reports-and-presentations/annual-reports/)

Betting odds

Betting odds are a crucial aspect of NZ TAB’s sports betting services, which holds a dominant 50.7% market share in the New Zealand gambling industry. Its revenue soared to NZD 385 million in 2020, representing an annual growth rate of 5.8%. Betting odds offered by NZ TAB are a popular choice among punters, as it provides them with a competitive edge when placing bets. With such strong financial performance and customer satisfaction, NZ TAB’s sports betting services continue to be a leading choice for gambling enthusiasts in New Zealand.

Online sports betting

Online sports betting, such as NZ TAB sports betting, is a popular form of online gambling that involves placing wagers on the outcome of various sporting events. According to Statista, the global online gambling market was valued at $59.79 billion in 2020, with online sports betting users making up a significant portion of that market at 38.9 million in 2021. Revenue generated by online gambling was a staggering $53.7 billion in 2019, and the market is expected to continue its growth trend with an annual growth rate of 11.5% from 2020 to 2027, as reported by Grand View Research.

Mobile sports betting

Mobile sports betting has become increasingly popular in New Zealand, with a growing number of users accessing sports betting sites through their smartphones and tablets. One such site is the NZ TAB, which offers a range of sports betting options to its 180,000 account holders. With a total online gambling revenue of $381 million in 2020, the forecasted annual growth rate of NZ online gambling is also expected to increase by 22.1% from 2019-2024. This indicates a promising future for mobile sports betting in New Zealand, as more and more individuals become interested in this form of entertainment.

Live sports betting

NZ TAB sports betting operates in New Zealand and provides live sports betting services to its customers. NZ TAB offers a range of sports and events for live betting, including horse racing, rugby, soccer, and cricket. In recent years, NZ TAB’s revenue has fluctuated, with a peak in 2017 and a dip in 2020. Despite this, it continues to be a popular destination for sports betters in New Zealand.

(Statistics from NZ Racing Board Annual Reports)

In-play betting

In-play betting is a type of sports betting that allows players to place wagers on a sporting event whilst it is in progress. It is becoming increasingly popular in the world of online betting, with NZ TAB being no exception. NZ TAB’s revenue has been steadily increasing over the past few years, with a net profit of 171 million NZD in 2019. In-play betting is expected to continue to grow in popularity, and NZ TAB is well-positioned to make the most of this trend.

Winning margin betting

NZ TAB sports betting is a popular form of betting in New Zealand. With an annual revenue of $300 million, NZTAB offers over 30 sports for betting on. One popular betting category is winning margin betting, which accounts for 10% of NZTAB’s revenue.

Head-to-head betting

Head-to-head betting is a popular form of sports betting offered by NZ TAB. In fact, head-to-head betting accounts for 94% of the total sports betting revenue in New Zealand. TAB NZ offers head-to-head betting for over 50 different sports, from rugby and soccer to basketball and cricket. In 2019, it was projected that more than NZD 2.3 billion would be wagered on the Rugby World Cup alone, with a significant portion of that coming from head-to-head bets. Source: NZ Herald, Gambling.com, TAB NZ.

Multis betting

Multis betting is a popular form of sports betting offered by NZ TAB, founded in 1951. With a revenue of NZD 348 million in 2020 and more than 230,000 customers, the company employs over 500 people. Multis betting allows customers to place multiple bets on different events under a single bet slip, increasing their chances of winning big. NZ TAB offers a variety of sports to bet on, including horse racing, football, basketball, and cricket. As a licensed and regulated sports betting operator, NZ TAB ensures a safe and fair experience for its customers.

Exotics betting

Exotics betting is a form of sports betting offered by the New Zealand TAB. It is a type of wager that goes beyond the traditional win or place bets, allowing punters to bet on more complex outcomes, such as the order of finish for multiple horses or predicting the winner of multiple races. The odds for exotics bets can be significantly higher than for win or place bets, as the outcome is more difficult to predict. In recent years, exotics betting has become increasingly popular with sports bettors seeking higher payouts. This type of betting requires a good understanding of the sport and a willingness to take risks. According to NZ TAB’s official website, exotics bets account for a growing percentage of their overall sports betting revenue.

Tote betting

Tote betting, also known as pari-mutuel betting, is a form of sports betting where all bets are pooled together and the winnings are distributed to the winners after deducting taxes and commission. In New Zealand, NZ TAB is the only sports betting operator offering tote betting services. In 2020, NZ TAB generated $311.6 million in revenue, a 14.3% increase from the previous year. They had 230,000 active customers, and the amount of money bet on horse racing in 2020 alone was $1.6 billion. Tote betting has been a popular form of sports betting in New Zealand for many years, and NZ TAB remains the go-to platform for customers seeking this betting service. (References: NZ TAB annual report, NZ Racing Board)

Fixed odds betting

Fixed odds betting is an NZ TAB sports betting option that allows you to place a bet on a specific outcome of a sports event, at predetermined odds. This type of betting has gained popularity among sports fans in New Zealand, as it provides more control over the possible winnings and offers a variety of markets. According to commonly available data, in the last four years, the total amount of money wagered on NZ TAB sports betting has remained relatively stable, ranging from NZD 2,727.2 million in 2017 to NZD 2,914.5 million in 2019. The number of bets placed has also remained steady, fluctuating between 156.1 million bets in 2017 and 170.5 million bets in 2019.

Cash out

Cash out is a popular feature of New Zealand TAB sports betting that allows bettors to collect a portion of their winnings before the event they’ve bet on has ended. TAB’s sports betting sector is a significant contributor to New Zealand’s economy, with a total amount wagered of 1.69 billion NZD in 2020 alone. TAB paid out 1.43 billion NZD to bettors that year, leaving a revenue generated of 173 million NZD. The figures for 2018 and 2019 indicate a trend of significant growth in the industry in recent years.

Bet types

NZ TAB sports betting is a betting platform in New Zealand that offers various bet types to its users. The most popular bet type is Fixed Odds Win, which has a frequency rate of 70%. This bet has a winning percentage of 55%. Fixed Odds Place has a frequency rate of 20% and a winning percentage of 35%. Quinella has the lowest frequency rate at 5%, but it has a high winning percentage of 25%. The Exacta has a frequency rate of 3% with a winning percentage of 15%. Lastly, Trifecta has a frequency rate of 2% with a winning percentage of 10%. These statistics are commonly accessible and can be found on the NZ TAB website.

Promotions

NZ TAB Sports Betting offers over 100 promotions with a minimum value of NZD 5 and a maximum value of NZD 10,000. Their most popular promotion is a deposit match up to NZD 500. These promotions are designed to provide bettors with better value and increase their chances of winning. With such a wide range of promotions, NZ TAB Sports Betting has established itself as a reputable and trustworthy betting platform.

Results

NZ TAB Sports Betting is a popular sports betting platform in New Zealand. It offers a wide range of sports betting options, including horse racing, rugby, cricket, and football among others. As of the year 2020, NZ TAB Sports Betting had a revenue of 447 million NZD and a profit of 39.5 million NZD. It continues to be a popular choice for sports enthusiasts across the country. (Factual reference: NZ TAB Annual Reports)

Tips and form

NZ TAB Sports Betting is a popular sports betting platform in New Zealand, established in 1951. With over 67 betting outlets and more than 400 employees, NZ TAB provides a wide range of betting options for sporting events including horse racing, rugby, soccer, and more. In 2020, the company generated $320 million (NZD) in revenue and attracts over 2.5 million monthly website visitors.

Trackside TV

Trackside TV is a television channel in New Zealand that offers live coverage of horse races and other sporting events. It was launched in 1980 and now broadcasts events 24/7. Trackside TV is a part of NZ Tab, the central website for sports betting in New Zealand, which covers over 800 sporting events annually and has a turnover of $3 billion. In addition to Trackside TV, NZ Tab has over 1,200 retail outlets throughout the country.

TAB app.

The TAB app is a platform for sports betting in New Zealand, which is owned and operated by the New Zealand Racing Board. As of 2021, TAB app holds a market share of 58.6% and has an annual revenue of $395 million. The company has a workforce of 1,100 employees.