Sports Betting Guide
With online gambling, New Zealanders have more options than ever when it comes to sports betting. You have a nice selection of online bookmakers, and the different sites have a range of different sports and betting choices. This variety certainly does make wagering on sports better than it has ever been in the past, and it just keeps improving. However, the variety can mean it can be hard to find the right online sportsbook, but you do not have to worry because our review team has done the research for you. Our team has deemed Betway Sports the best online sportsbook for NZ players.
While there is a lot of good that you could say about all of the sports betting choices that you have online, it can make things a little confusing. With this guide, you will learn the basics of online sport betting from New Zealand, and you will get a few tips that can help to improve the experience.
New Zealand Sports Betting
Just like in other countries, sports betting is popular in New Zealand. In the past, your options for betting were very limit. At one point, you could only bet on horseracing, and you could only wager if you were at the track. Fortunately, with the rise of online gambling, this has completely changed. Not only can you bet on horseracing from the comfort of your own home, but you can also bet on a number of popular sports.
Betting with an online sportsbook is safe, legal and it is very easy. If you are a New Zealander that likes to place some bets on your favourite sporting events, you can bet on things like horseracing from around the world, Aussie rules football, Association football, rugby, basketball, boxing, tennis, golf, cricket and more. If there is a popular sporting competition, chances are that you can bet on it.
Types of Bets
As if the great selection of sports to bet on was not enough, you have more types of bets than ever before. In each sport, you can consider a number of different types of wagers that work in a variety of different ways.
In sports like rugby and basketball, you have your simple win bets and spread betting. With the win bet, you are picking the team that you think is going to win. That said, the favoured team is going to have the odds on their side, so the payout will be smaller. If you want a bet where the odds are evened out a bit, then you could bet the spread. This is where the favoured team is handicapped by a few points.
With many sports, you can also bet on things like the over/under. This is where the odds makers set a number for the total points that will be scored in a game. As a bettor, you can then place a bet as to whether the actual score will be higher or lower than the figure in the over/under.
For tournament competitions, you can place futures bets. With these bets, you are trying to pick the tournament winner before the tournament even begins. As an example, you could choose to back the All Blacks at the beginning of the Rugby World Cup. If they win the tournament, then you have won that futures bet.
Beyond that, you also have proposition betting. These are bets on things that will occur in the game. It could be the first team to score, the number of points a certain player will have or the total number of points at the half.
Most online sportsbooks will also have parlay betting. In this, you are betting on multiple events as a single wager. As you pick different winners, the odds will get longer, so a successful parlay can have a serious payoff.
Know Your Odds
If you want to have success with online gambling, you have to know about the odds. With the odds, the bookmaker is offering you a prediction of the outcome. If a particular outcome is favoured, it will have the odds with it, if the outcome is seen as unlikely, the odds will be against it.
The way that this applies to sports betting is important. This is not just a prediction of the likely outcome, but it also dictates the type of payout that you can expect from a bet. If you take the favoured outcome, the payout will be smaller. If you take the long odds, the outcome might be unlikely, but the payout will be larger.
The great thing about betting on sports online is that all of this information is more accessible. All of the online bookmakers list the odds for every bet right there on the page, and you can even see how different adjustments to your betting will affect the odds.
For all of the different sports, you have different strategies that you can employ. If you have a good strategy, and bet in a thoughtful manner, it can increase your chances of success.
The first tip for any person that is going to bet on sports is to learn as much as you can about the sport and the event. In sports betting, information is power. If you follow a sport closely, you will be able to find opportunities that less knowledgeable players might miss.
One strategy that can work is what is called “fading the public”. Odds makers don’t just base the odds on who they think is likely to win. They also account for the betting behaviour of the public. If a popular team or athlete is competing, the bookmaker expects that more people will bet on this popular team or individual. To compensate for this heavy betting, they will make adjustments to the odds. A smart gambler can identify these situations, and they will bet against the popular favourite to take advantage of these odds.
You may also want to consider having more than one sports betting account. The odds and betting options can vary from one site to the next. If you compare the different sportsbooks, you might find that you will get odds that are more favourable by mixing up the sites that you use.
If you love sports, then placing a few wagers can be a great way to turn up the intensity. If you take the time and bet smart, you might even be able to make a little money. However, when you do go to bet online, the one thing that you should do is to bet responsibly.