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TAB NZ: The main bookmaker for Kiwi cricket fans

by Wisden Staff 3 minute read

The introduction of TAB NZ in 2020 as a new and dependable betting service for New Zealanders opened up the world of sports betting and wagering to the Land of the Long White Cloud.

The new Racing Industry Act of 2020 established TAB NZ, with the country making its return to the world of sports betting.

TAB NZ allows for multiple sports betting services with added advantages with a net value of $2.2 billion each year. Approximately 60,000 New Zealanders gamble each week with TAB NZ. The gambling rates and profits from bookmaking have drastically gone up in New Zealand due to TAB.

What is TAB NZ?

TAB stands for Totalisator Agency Board. It’s the monopolist for offline betting, one of the sports-betting sites based in New Zealand and the only on-shore betting service available for Kiwis.

TAB NZ came into being in 2020 after the Racing Industry Act legalised bookmaking, becoming the only legal operator in New Zealand. TAB was authorised in 1949 but New Zealand gained access to bookmaking only in 2020. TAB works on the racecourse, online, and also through their retail network.

TAB currently has more than 550 outlets around New Zealand and holds the grandest broadcasting meets in the country. TAB works through daily operations and is involved with broadcasting sports meets on national television and being linked with sports betting and racing online, through retail, and on the racecourses themselves.

TAB NZ is legal, safe and secure as it was legalised by the New Zealand Gambling Commission. TAB is also licensed and has access to betting markets, live streams and provides multiple betting options to punters.

Does TAB NZ include cricket?

TAB NZ initially included only the traditional sports and racing events common to the country. But through the years, it has added multiple games to its service, allowing punters to bet on those games.

TAB NZ includes an array of sports for punters to wager on starting from American football to volleyball, with cricket is included by TAB NZ among this long list of games. TAB NZ has generated incredible revenue for the country as punters flock to bet on their favourite players and teams. TAB has undertaken the responsibility of promoting cricket worldwide with its collaborations with cricket teams. TAB has also sought to support developments in relation to the sport, starting from coaching to providing facilities. In total, TAB NZ has invested more than US$500,000 in cricket.

Currently, TAB NZ invests in the IPL, English cricket’s One Day Cup, the T20 Blast, and IPL teams like Kolkata Knight Riders, Rajasthan Royals, Lucknow Super Giants, Gujarat Titans, and Royal Challengers Bangalore.

How to place a bet on your favourite cricket team

There are multiple betting options available for punters to wager on their favourite cricket teams. There is the option for live betting and pre-live betting available under TAB NZ regulated by Gambling Act. In pre-live betting, punters have to place their wagers before the match starts, doing so purely by instinct or trust in that particular team while when live betting, punters can calculate the odds of their chosen team winning and place their bets on the cricket team who they feel more likely to win.

Live betting takes place over a longer duration, five days or more and the bet can be accepted as live only if it is placed during the duration of the match. There are minimum ranges of bets that can be placed on a game, the minimum for mobile being $0.01 and for live betting being $5.

The minimum on a betting line for a sports event is $20 while the minimum on a betting line for race events is $50. The bets can be placed by visiting the site and choosing their favourite teams. Once you input the bet, you are ready to go after confirming your bets.

TAB NZ being the first in the country to allow for sports betting is a major reason why punters and Kiwis trust the service so much. TAB NZ is licensed, safe and secure and hence a good place for punters to bet live on cricket competitions anywhere in the world.

With the legalisation of bookmaking, it has been possible to treat punting as an official market and now there are other services along with TAB NZ that also allow punters to bet live. Hence, one can check out the options provided to them or always come back to TAB NZ.

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