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Sportsbet is a leading online betting site in Australia, widely used by over 1.25 million customers, including many in New Zealand. It offers a wide range of local sports and racing odds, along with various betting features, making it a popular choice. The Sportsbet website is user-friendly, providing expert racing tips and helpful guides. Additionally, it offers free live streaming options for New Zealanders. While Sportsbet may appear to be an excellent betting site, there are some drawbacks to consider.

One notable issue is that Sportsbet often restricts winning players without providing clear reasons, which can be frustrating. Furthermore, the company’s lawsuit against (now in 2020 has garnered dislike from other betting operators.


Having considered this, are alternative Australian-based platforms like Ladbrokes, Neds, and PlayUp that offer similar features such as cash out and same game multis. These alternatives provide more competitive odds and demonstrate a greater level of care for their players. Therefore, it may be advisable to explore these alternatives instead of choosing Sportsbet as well as to explore some of the options to make sure that the sports that you are betting on are right for you. You should educate yourself on the sports you’re betting on. For instance, you wish to learn more about baseball, you can check out

What We Like

  • Offers appealing features like same race/game multis and cash out options
  • Well-regarded as a top horse racing site, providing tips and covering all NZ races
  • Wide range of betting markets available for both New Zealand and Australian events

What We Do Not Like

  • Tends to restrict winning players quickly, which can be frustrating for users
  • No sign-up bonus specifically for Kiwis, which may be disappointing for some
  • Limited withdrawal methods for NZ bettors, potentially causing inconvenience

Sportsbet NZ Welcome Offers

Due to Australian betting regulations, Sportsbet is unable to promote a sign-up bonus openly. To view the bonuses and promotions available on Sportsbet, you will need to log into your account.

While it may be disappointing that Sportsbet doesn’t advertise sign-up bonuses, there are several other excellent betting sites in NZ that do offer welcome offers. We have rated these bookmakers higher than Sportsbet because they typically provide better odds, a wider range of bonuses, superior apps, and a more extensive selection of markets.

Payment Methods at Sportsbet NZ

Sportsbet offers a range of payment options for NZ bettors, although it may not include all the options you desire. Fortunately, all deposits and withdrawals on Sportsbet are conducted in New Zealand Dollars. During the sign-up process, it is important to select NZD as your currency since it cannot be changed later.

Deposit Methods at Sportsbet NZ

A range of deposit methods are accepted, including Visa, MasterCard, PayPal, POLi, BPAY, Apple Pay, and bank transfer. The minimum deposit amount is $5 NZD, while the maximum is $100,000 NZD. You have the flexibility to set your own deposit limits within your account settings.

Withdrawal Methods at Sportsbet NZ

Withdrawal methods include Visa, MasterCard, PayPal, and bank transfer. Withdrawals typically take 3-5 business days to process. Please note that funds must be wagered before they can be withdrawn. Additionally, it is necessary to complete the identity verification process before initiating a withdrawal from your Sportsbet account.

It is worth mentioning that Sportsbet is one of the few New Zealand betting sites that accepts PayPal as a payment option.

Sportsbet NZ Identity Verification

Before initiating 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, we have found that this process may not be applicable for New Zealand residents.

For Kiwis, manual verification of identity is required. To verify your Sportsbet NZ account, please follow these steps:

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

Once your account has been successfully verified, the status will change from “Not Verified” to “Verified.” You will then be able to withdraw any funds that have been wagered