horse bets

Guide to Horse Bets in New Zealand

Horse racing is one of the most popular sports in New Zealand, and as such it is one of the most popular sports on which to bet as well. Many punters in New Zealand will be aware of the strict laws have that been put in place regarding sports betting and casino games in the country, and as such most punters will go to racetrack to place their horse bets, or to any one of the numerous TAB outlets across the country. However, many Kiwi punters are now placing their bets by never stepping foot out of the house with the numerous offshore betting sites which have opened their doors to far-flung bettors.

The sports betting NZ industry is controlled by the Department of Internal Affairs, as well as the New Zealand Racing Board who is under strict instruction to promote the racing industry throughout the country. While there are over 600 TAB outlets across the country, there is only one authorized online betting site, which can make things tricky for Kiwi punters looking for a bit of variety.

TAB Vs Online Horse Bets

Even though there are over 600 TAB outlets all across the country, many punters have started taking advantage of the horse bets offered by offshore bookmakers. As there is only one authorized online bookmaker for New Zealand, it is likely that there won’t be as many options available as those of many of the offshore bookmakers. With so many TAB outlets available, placing horse bets is very convenient, but many punters prefer the privacy and ease of placing wagers online, or even from their mobile devices, as many bookmakers now offer this service. While the process of placing bets at a TAB outlet or online are fairly similar, the sheer variety of wagers available online makes it a far more attractive choice.

Types of Horse Bets

If you’ve never placed a wager on a horserace before and you take a look at a betting form, you may find yourself being completely confused. However, it’s quite straightforward and once you get the hang of it, you may find yourself on a short course to walking away one very happy punter.

There are many different types of horse bets, but of course the simplest bets will always remain the most popular. With win or place horse bets, Kiwi punters must decide which horse will be the victor, or which will come in second or third place. Many wagers offered will be variations on this theme, so look out for tips which could provide some insider info into which horse is most likely to win or place.

There are also a variety of exotic bets available to choose from such as the Exactas, Trifectas and Quinellas, and bets can also be run across multiple races at a time with Parlays, Doubles and Trebles.

Tips for Successful Horse Bets

Two overused phrases can be suitably applied to placing successful horse bets: “practise makes perfect” and “knowledge is power”. Start by placing wagers on favoured horses to win, even though the pay outs won’t be big. Get a feel for the sport, and as you gain more player confidence, move on to bets of a bolder variety. Look out for tips, and if you get a reliable tip about an underdog horse to win or place, be sure to place a wager, as the pay outs will be lucrative.