As there are so many online betting sites available, it comes down to the player’s preference when choosing the best one. It all depends on the type of bonuses offered, and the niche of the sport that the player wishes to bet on.
Some players enjoy having the convenience of being able to bet on sports and stake some money on slots as well. With all these aspects in play, players will need to know everything about the site before registering.
So, if you want to know more about choosing the best betting site, keep reading and follow the instructions.
17 Betting FAQ
Whilst there is no universal “perfect bookmaker”, there are a few things that many of the very best online sportsbooks have in common. They include:
Although there is a lot to be said for finding a betting site with a winning formula and sticking to it, there are plenty of great reasons to regularly try out new betting sites too. Chief of these is the opportunity to benefit from another welcome bonus, but there are some other good reasons too.
As mentioned, new betting sites might be quicker to embrace emerging trends within the online betting industry. Although betting on sports is a pretty old pastime, enjoyed the world over for more than 100 years, it’s definitely not stuck in the past.
As well as proving a natural fit to the internet, sports betting has evolved with technological advances. For example, online sportsbooks quickly saw the value in diversification, frequently offering online casino, bingo, poker, live casino, and other features. Many of the giants of the industry today serve as “one-stop-shops” for all things gambling online.
Recent years have seen bookmakers provide odds for in-play betting too, allowing punters to place bets on live action as it unfolds. Many sportsbooks will also stream selected events, allowing those wagering on them to watch along and place bets as and when they see fit during the match.
Another trend to emerge of late is that of esports betting. With competitive video gaming attracting huge audiences around the world, it was only natural that this modern form of digital sporting competition would prove attractive to those wanting to gamble.
Even more recently is the emergence of platforms that allow players to bet on themselves in online gaming tournaments. Much like a standard online poker tournament, players will pay a buy-in to the tournament, with those emerging on top taking a share of the pool.
A dynamic and highly lucrative industry that has been fast to embrace emerging technologies, we find it difficult to believe that sportsbooks will stop innovating anytime soon. We expect to see new trends emerge in the industry going forward and are watching blockchain, AI, and VR tech developments particularly closely.
Traditionally, both online casinos and sportsbooks would rely on their geographical presence to lure customers. Without the means to access such services from home, placing a bet on a sporting event would usually involve a trip to the betting shop. Most people would understandably favor the bookmakers closest to them.
Online, this is a little different. It’s just as easy for a player to visit any one of thousands of online sportsbooks or casinos. It’s, therefore, much more important for companies to stand out from the crowd. One of the ways they do this is by offering promotions to new and existing players alike.
Sports betting operators sometimes exclude single-event bets from the offer. However, this can prove effective for players as well. Even though single bets are much easier to win, by combining two or more events, players can receive promotions in odds.
These days, it is a common practice for a bookmaker to offer more profitable odds for players in some combinations. Certain matches will be included in the action, while some will not.
Those included offer much better odds for players, especially when combined with another game that also participates in promotions. Another way that bookies award loyal players are by awarding them the free money or other bonuses. As these bonuses are more common for online casinos, betting sites offer them sometimes as well.
The offer contains a free bonus that a player can use later on to bet on the double bet and earn real money. This promotion makes a perfect way to start a betting session, however, players should get well informed of terms and conditions first.
One of the most typical sportsbook promotions will see depositors receive a free bet to place on a market of their choice. This will usually require players make a deposit and a bet to trigger the reward.
The free bet will often be for the same amount as the deposit and subsequent first bet. This is known as a 100 percent matched bet. However, the total free bet amount will be capped. You can’t just deposit $10,000 and receive $10,000 in free bets, for example!
Other percentage free bet matches exist too. You might find promotions offering to match 25, 50, or even 200 percent of a first deposit and initial bet in free bets.
It’s important to note that terms and conditions do apply to free bets. These make it less likely that the player will end up a winning from a promotion. Look out for the following rules associated with free bet promotions:
Although it’s most common to receive a matched free bet when registering with a new account, casinos will award them at other times too. Sportsbooks will often roll out their biggest promotions when they’re expecting there to be a surge in interest. Typically, they come during large sporting events – the FIFA World Cup being a great example – or when lots of people are off work, like Christmas.
Subsequent free bets awarded after a welcome promotion will usually have slightly more stringent wagering requirements and are more likely to be limited with regards the markets that bettors can use them on. This is because they usually promote betting on a specific sport, rather than serving as a lure to players interested in any sports betting.
Another form of promotion popular at sports book is deposits being matched with bonus funds. This differs from the free bet in a few important ways. However, we’ll first detail the similarities:
The main differences between these two sportsbook promotions is that bonus cash will almost always need wagering. This means that the bonus cash and/or deposit associated with the offer will need to be bet again a certain number of times. They actually function similarly to casino bonuses, although often with smaller playthrough requirements.
Whereas free bets will be “stake not returned” – to encourage betting on less likely markets – bonus cash usually is not. The cash will function in exactly the same way as real money, with one large exception. Players cannot withdraw it until the terms and conditions are satisfied.
As mentioned, modern online sportsbooks will typically diversify with casino games. Many will separate their sportsbook and casino, providing welcome promotions for each. After you’ve used your free bets or sportsbook bonus cash, those interested in other popular forms of gambling should check out the other sections of their chosen betting platform. They might discover that each individual department (casino, poker, bingo, live casino, etc.) runs their own welcome bonus.
Sportsbooks and casinos are always changing their promotions. For this reason, we always recommend checking the box that gives the operator the right to contact members with new and exciting promotional offers. What you might have dismissed as junk mail from a gambling service will frequently be information about free bets and bonus cash.
Betting on sports online is really easy. You first need to find a reputable online sportsbook. Since you’re here, you’re lucky enough to already have a list of many of the best bookmakers serving the New Zealand market. BestBonus.nz and its experienced team have vetted all of our suggestions, allowing our visitors to get on with betting on their favourite sports with confidence.
After the player is safely registered to the site, it is recommended that they read the policies of the betting site. Once everything is set up and running, players will be able to access the live game betting sector and the site’s odds list for that exact day.
Sometimes betting sites also offer lists with odds for the upcoming matches in the next few days. Therefore, players should be sure to check the date of the list. Afterward, the rest is easy. Players can click on the odds of their preference and the site will show a pop-up window where the choice is located. This window serves to help players get a closer picture of their bets and decide to upload the bet if they are sure.
The next step is to make a deposit. There might be an automatic prompt to deposit when you first sign in or you might need to click “account”, “deposit”, “bank”, or similar. Given that online sportsbooks need players to deposit to make money, the option to load funds to your new account is usually very obvious!
Select the deposit method you wish to use and fill in the relevant fields to complete your deposit. It’s important to note that those welcome bonuses that require the use of a bonus code will usually request it at this point. It’s vital that you observe any requirements mentioned in the terms and conditions to the letter. Failure to do will usually void any bonus funds.
Once you have your account loaded up and ready to go, it’s time to make a bet. Navigating around the various fixtures and markets available is usually straightforward enough. You’ll find different sports listed on the navigation bar at either the top or along one of the sides of the main window. Within each of these will be different leagues and competitions with upcoming games and available markets listed within each one.
Note when using free bet welcome bonuses: When using a matched free bet promotion, it’s common for the casino to only award a free bet equal to the size of the player’s first (and qualifying) bet. If a casino ran a 100 percent match deposit bonus up to $50, to receive the full $50 as a free bet, players would need to deposit $50 or more and bet $50 or more. If they deposited $50 and only bet $10, they would receive a free bet of $10.
The odds or price of a bet refers to how much the sportsbook is prepared to pay those correctly backing that market. You will see odds displayed in many forms and players can usually choose which they are most comfortable with in one of the menus.
You’ll find the different odds formats detailed below:
If you’ve not much experience with sports betting, we recommend using decimal odds. These are the easiest to get your head around since you just multiply the number by the stake to work out potential winnings from a bet.
The higher (or in betting lingo, the longer) the odds are, the less likely the sportsbook perceives that outcome to occur. For example, a rugby match between Romania and New Zealand would almost certainly see bookmakers giving a much higher price for Romania to win. As one of the more successful teams in the sport, New Zealand would be expected to comfortably win such a game.
If the odds given were low, no one would bet on Romania in this example. If they are expected to win just one game in ten and the sportsbook is only going to double your money when they do, such a bet would be a dreadful losing proposition in the long-term.
The business of sportsbooks is to ensure that all of their bets are losing propositions for bettors but to do so in such a subtle way that the punter feels like they are still getting a good price. In the above example, you would be more likely to see Romania priced at 7/1 (8.0). Having the potential to win eight times the stake makes the bet much more inviting but still provides a profit margin for the sportsbook.
For the recreational bettor, the best sport to bet on is obviously going to be the one that they actually enjoy watching. It might be cricket, rugby, soccer, or even something more obscure like skiing or handball.
Whilst it’s possible to find both long and short odds propositions in practically any sport. Some are more known for their juicier prices. A good example would be comparing a soccer match to a horse race. Even the biggest underdog in a league is unlikely to be priced any longer than around 12/1 when going up against the champions. Closer odds are much more common in any sport where two teams face off against each other.
By contrast, a sport like horse racing, which could see as many as 40 competitors take part in the same event, will often provide much longer odds. You’ll probably never see a soccer team priced at 500/1. But, in huge horse races like the UK’s Grand National, such odds are much more common.
As mentioned, esports betting is perhaps the latest trend to take the betting industry by storm. With competitive video gaming growing immensely in popularity over recent years, it was only a matter of time before traditional online bookmakers started offering odds for the digital tournaments.
Popular games for large organised tournaments between professional players include:
With thousands of events every year and crowds of spectators growing, increasing numbers of sportsbooks are starting to offer this innovative and exciting new form of competition.
However, esports betting isn’t just a spectator pastime. Innovative new platforms actually allow players to bet on themselves in organised tournaments. This mirrors the organisation of a poker tournament. Where each player pays a buy-in (with small fee to the platform itself). And, competes until there is an eventual winner.
Just like with online poker tournaments all the buy-ins are pooled and a percentage will go to the eventual winner, runner up, third place, etc. Few platforms offer this kind of betting at the moment but as esports continues to grow in popularity, we expect to see more.
Many people profess to be good at sports betting. However, the consistent profits of sportsbooks show that the true experts are the bookmakers themselves.
That said, it is indeed possible to bet on sports professionally. Doing so will require deep knowledge of sport you follow, constant care to stay up-to-date with developments in specific teams, and also a strong understanding of probability.
The principle itself behind betting for consistent profits is simple enough. Bettors must ensure that the amount the bookmaker is willing to pay out exceeds the likelihood of that event occurring. If the probability of Team A beating Team B is one in two, the bookmaker would need to be offering odds of 1/1 or greater for this to be considered a good bet.
For explanatory purposes, we will overview an instance of a perfect bet. If there are teams A and B, and Team A is at the top of the table, having the best players that are in perfect health conditions, that team is favorite. However, if team B is at the bottom of the table, having its players injured, team A will be an even bigger favorite and such a bet is most likely to succeed. You would expect to see Team A emerge victorious more often than they either drew or lost.
Our hypothetical (and probably very unprofitable) sportsbook offers a price of 9/1 for Team A to beat Team B. Each time a $10 bet on this market comes in (more often than not, remember), the casino will pay our bettor $100. When the bet doesn’t come in, the company makes $10.
If it were possible to play out the match 10 times and Team A beat Team B 8 times in total, the casino will have paid out a total of $800 and received just $20. The player has taken advantage of some admittedly shocking bookmaking and profited from it.
Obviously, these kinds of bets don’t happen very often and they’re never this exaggerated. Sportsbooks employ vast teams of professionals to constantly analyse and update odds to avoid extending profitable propositions to players. For this reason, many professional and skilled bettors prefer betting exchanges. Especially, where they themselves can set the odds and offer them to other punters. However, this is an advanced topic that would require another article of equal length to fully detail.
Although it is fairly difficult to truly become a betting expert, there is a real opportunity of being a responsible and smart bettor.
Players that enjoy betting on sports should choose one sport of their preference. Simply, the sport that they are most confident knowing all about. Quality information is priceless in the world of online betting. So, well-informed players will have the upper hand in comparison to those purely relying on luck.
Next, players should choose a league of their preference and follow the top and the worst clubs of the league. Having information on injured players, form, and winning streak of a team can result in placing a very safe bet.
Moreover, those staking lower have a better chance of staying in profit. History has shown how greedy players lose all their money while smart ones play for much less profit but with maximum bet security.
Sportsbooks serving the New Zealand market accept a wide range of deposit and withdrawal methods. Although they will vary slightly from operator to operator you will usually find the following payment systems accepted:
Slightly less common are the following payment methods:
Different payment methods will have different deposit and withdrawal times. Credit, debit, and eWallet deposits are usually instant, cryptocurrencies will take a matter of minutes. And, cheques and bank transfers might take several days.
In terms of withdrawal times, credit and debit cards will require between a few days and a week. However, eWallets will take one or two days. And, cheques and bank transfers might take up to two weeks. Also, cryptocurrencies might arrive in just a few minutes.
Different sports betting platforms also enforce different limits on deposits and withdrawals. Most will require a low minimum deposit of $10 irrespective of the payment method used. Withdrawal limits are usually in place too but will be much too large to be of any real concern to most bettors. You can check the terms and conditions of the sports betting service you want. Of course, if you think you might need to withdraw tens of thousands or more.
Among the popular banking methods, eWallets can prove to be the most effective. These days, services like Neteller, Skrill, or Apple Pay have become widespread and their security measures are at the maximum level. Players can use these and similar methods to safely place bets without having to leave the comfort of their homes.
Which sportsbook offers the best odds?
Odds are dynamic – meaning they’re always changing. Bookmakers weigh a variety of factors to come up with their odds and sometimes they will differ from company to company. That’s not to say one bookmaker’s odds will be consistently better though.
It is possible too that some platforms that specialise in more niche sports might offer more representative odds of the actual probabilities of a given event in a game occurring.
Can I sign up to the same sportsbook twice to get a second welcome bonus?
No. Welcome bonuses are for new players at a casino only. Sportsbooks that suspect a player is signing up for a second account will usually freeze both accounts and ban them from the service.
Can I break a free bet into smaller units to bet on more sports with it?
Usually no. A $50 free bet will be good for a single $50 bet. Some sportsbooks will promote an offer like “$50 in free bets”. However, rather than award a single, divisible $50 bet, it will probably be 5x $10 bets or 2x $25 bets.
I placed my qualifying bet and didn’t get my free bet, what went wrong?
Probably nothing. The terms and conditions of a free bet promotion will usually require that the qualifying bet settles before the sportsbook issues free bets. Even then, there may be a clause stating that players must wait 24 hours before they will receive the bet.
If you still didn’t receive the bet after the period stated the terms passes and you’re sure you satisfied the other requirements for the promotion, contact the platform’s support team.
Can I withdraw using a different method than that which I used to deposit with?
Casinos and sportsbooks have policies in place to stop money laundering. As part of these policies, players must use the same method to withdraw as they used to deposit.
However, on rare occasions it’s not possible to use the same method. If you hadn’t made a deposit for a while and continued to play off your bankroll for months or even years, it’s entirely plausible that you could have switched bank providers in that time. In these circumstances, online sportsbooks will allow players to use different methods. However, they will require stringent identity checks beforehand.
Can I use my sports betting bankroll on casino games?
At most sportsbooks offering casino games, you only need a single account to access any of the company’s products. Funds deposited to that account will be available in any of the operator’s departments.
It’s worth noting that some platforms, will require players to transfer funds from one section of the site to another. However, this is part of the site’s system and will not require subsequent deposits.
Why is my sportsbook suddenly limiting the size of my bets?
Sportsbooks that suspect a player has been taking too much value from promotions. Or, profiting using arbitrage strategies may limit a player’s stake size. They will usually be quite open about their reasons via customer support channels.
I’ve not had a bonus for ages! Can I ask for one?
If you feel like a sports betting platform is being stingy with its bonuses, let them know! Contact customer support and tell them you’re thinking about joining another platform. Online gambling companies are in fierce competition with one another. Therefore, a few free spins is a small price to pay to keep a loyal customer.
My deposit was rejected, what can I do?
If your deposit was rejected by a sportsbook, the first thing you should do is check that you actually have enough money on your account. An unexpected bill coming out of our account could have taken your gambling funds before you had chance to spend them.
If, however, your balance remained unchanged, there might be some other issue involved. Sometimes there is a problem with transactions coming from the side of the payment service. It can’t hurt to check this option out as well. Sometimes card companies will put blocks on potentially suspicious transactions. Confirming that it was you making a genuine transaction should lift any restrictions.
I’ve lost the card I used to deposit and now want to withdraw, what can I do?
If you no longer have access to the deposit method you used originally, contact customer support to explain the situation. They will advise you on how to add another payment method. Be prepared to submit photographic identification and proof of address.