Sportsbet is a prominent online betting platform in Australia and a widely used international bookmaker in New Zealand, serving over 1.25 million customers. It offers a wide range of local sports and racing odds, accompanied by various betting features. The Sportsbet website is user-friendly, providing expert racing tips and helpful guides. Additionally, it offers free live streaming options for users in New Zealand.

It’s worth mentioning that Sportsbet has faced criticism for its practice of restricting winnings for many players, often without clear justification, as it is considered detrimental to their business. Furthermore, Sportsbet’s lawsuit against sportsbetting.com.au (now boombet.com.au) in 2020 has generated negative sentiment among other betting operators.

Given the availability of several alternative Australian-based platforms like Ladbrokes, Neds, and PlayUp, which offer similar features such as cash out and same game multis, along with more competitive odds and a stronger focus on player care, it is advisable to consider these alternatives rather than opting for Sportsbet.

Pros and Cons

Pros

The platform offers features such as same race/game multis and cash out, catering to various betting preferences. It is recognised as a notable horse racing site, providing tips and covering all New Zealand races. Additionally, the platform encompasses a wide range of betting markets in both New Zealand and Australia.

Cons

The platform may impose restrictions on winning players in a prompt manner. It’s important to note that there is no sign-up bonus available specifically for users from New Zealand. Additionally, it is worth mentioning that withdrawal methods for New Zealand bettors are somewhat limited.

Payment Methods

Sportsbet offers a range of payment options to meet the needs of New Zealand bettors, although some preferred options may not be available.

It’s worth noting that all deposits and withdrawals on Sportsbet are conducted in New Zealand dollars. During the sign-up process, it’s essential to select NZD as the currency, as this choice cannot be altered later.

Sportsbet provides the following deposit methods:

  • Visa Card (Instant)
  • Master Card (Instant)
  • PayPal (Instant)
  • POLi
  • BPAY
  • Apple Pay
  • Bank Transfer

The minimum deposit amount is $5 NZD, and the maximum limit is $100,000 NZD. Users can set their own deposit limits within their account settings.

For withdrawals, Sportsbet supports the following methods:

  • Credit Card
  • PayPal
  • Bank Transfer

Typically, withdrawals take approximately 3-5 business days to process. It’s important to note that funds must be wagered before they can be withdrawn. Additionally, users are required to complete the identity verification process before initiating any withdrawals from their Sportsbet account.

Verification

In order to initiate a withdrawal from Sportsbet, it is necessary to complete the identity verification process. While Sportsbet attempts to automatically verify the identity of users based on the provided information during sign-up, it has been observed that this automated process may not be applicable for New Zealand residents.

Therefore, individuals from New Zealand are required to manually verify their identity. To verify your Sportsbet NZ account, please follow these steps:

  1. Ensure that you have made an initial deposit.
  2. Log in to your Sportsbet account and navigate to the “My Account” section.
  3. Click on the “Get Verified” option.
  4. Upload one of the required identification documents as specified.
  5. Enter your personal details as requested.
  6. Click on the “Verify These Details” button.

Once your account has been successfully verified, the status will change from “Not Verified” to “Verified,” enabling you to withdraw any wagered funds from your account.

Frequently Asked Questions

Is Sportsbet accessible in New Zealand?

Certainly! Sportsbet is exclusively available in New Zealand and Australia, and it solely accepts New Zealand dollars (NZD) and Australian dollars (AUD). If you prefer to place bets using New Zealand dollars, it is crucial to select NZD as your currency during the sign-up process, as it cannot be modified at a later stage.

Does Sportsbet have an App?

Sportsbet does not have a dedicated app available on the New Zealand App Store or Google Play store. However, if you change your location to Australia within either store, you will find the Sportsbet app listed and accessible.

It’s important to note that if you choose to go through the process of changing your location to Australia to download the Sportsbet app, it is reported to function well, providing a user-friendly experience. Additionally, the app offers the convenience of watching free live horse races from both New Zealand and Australia, as well as enabling betting on the go.

Is Sportsbet considered safe?

Sportsbet is a well-established online betting platform with a significant user base of over 1.25 million customers in Australia. It has gained the trust of both New Zealanders and Australians over the course of more than 20 years. It is worth noting that Sportsbet holds a betting license in the Northern Territory of Australia, which adds to its credibility.

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