Each Way Betting
The best sports betting brands online in New Zealand all offer a huge range of markets on every sport and event. One of the most popular punts placed online is the each way bet. Mostly used in horse racing, they are used where you have a selection that has a decent chance of placing, but also has the ability to win. Instead of placing one separate Win and one Place bet, the two can be combined to spread out the risk.
Casinos with a sportsbook
12 operators run a sportsbook beside the casino lobby, with one account for both. Terms below are the ones they publish.
Listing checked
- 1
Joo Casino
Up to NZ$3,000 + 200 free spins over 3 deposits
- Deposits from NZ$30
- Wagering 50x
- Licence: Curacao
- Bitcoin withdrawals 3–5 minutes
Terms and operator
Published welcome terms: Up to NZ$3,000 + 200 free spins over 3 deposits, wagering 50x, minimum deposit NZ$30
Licence on file: Curacao
Operator: Stable Tech N.V. (per AskGamblers now; historically Dama N.V.)
Payments and games
Deposit methods: Visa, MasterCard, Maestro, Neosurf, Skrill, Neteller, Paysafecard, Google Pay
Game studios: Evolution Gaming, NetEnt, Games Global, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming, Quickspin
- 2
GranawinHas a sportsbook
100% up to NZ$200 + 120 free spins
- Deposits from NZ$30
- Wagering 40x
- Bitcoin withdrawals Instant
- Online since 2024
Terms and operator
Published welcome terms: 100% up to NZ$200 + 120 free spins, wagering 40x, minimum deposit NZ$30
Operator: TechSolutions Group N.V.
Payments and games
Deposit methods: Visa, MasterCard, Skrill, Neteller, Paysafecard, Apple Pay, Google Pay, Bank Transfer
- 3
N1Bet CasinoHas a sportsbook
Up to NZ$10,000 + 200 free spins over 4 deposits
- Deposits from NZ$30
- Wagering 50x
- Licence: Curacao
- Bitcoin withdrawals Instant
Terms and operator
Published welcome terms: Up to NZ$10,000 + 200 free spins over 4 deposits, wagering 50x, minimum deposit NZ$30
Licence on file: Curacao
Operator: Stable Tech N.V. (Curacao)
Payments and games
Deposit methods: Visa, MasterCard, Maestro, Neosurf, Skrill, Neteller, Paysafecard, Bank Transfer
Game studios: Evolution Gaming, NetEnt, Games Global, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming, Quickspin
- 4
National Casino
100% up to NZ$500 + 100 free spins
- Wagering 40x
- Licence: Canada: Kahnawake Gaming Commission
- Bitcoin withdrawals Instant
- Online since 2020
Terms and operator
Published welcome terms: 100% up to NZ$500 + 100 free spins, wagering 40x
Licence on file: Canada: Kahnawake Gaming Commission
Operator: TechSolutions Group N.V.
Payments and games
Deposit methods: Visa, MasterCard, POLi, Neosurf, Skrill, Neteller, Paysafecard, Apple Pay
Game studios: Evolution Gaming, NetEnt, Microgaming, Games Global, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming
- 5
Cashed CasinoHas a sportsbook
100% up to NZ$1,000 + 200 free spins
- Deposits from NZ$20
- Wagering 35x cash / 40x spins
- Licence: Curacao
- Bitcoin withdrawals Instant
Terms and operator
Published welcome terms: 100% up to NZ$1,000 + 200 free spins, wagering 35x cash / 40x spins, minimum deposit NZ$20
Licence on file: Curacao
Payments and games
Deposit methods: Visa, MasterCard, Neosurf, Skrill, Skrill 1-Tap, Neteller, Paysafecard, Apple Pay
Game studios: Evolution Gaming, NetEnt, Microgaming, Pragmatic Play, Play'n GO, Playtech, Quickspin, Red Tiger Gaming
- 6
Zotabet CasinoHas a sportsbook
100% up to NZ$2,000 + 300 free spins
- Licence: Curacao
- Bitcoin withdrawals 3–5 minutes
- Online since 2022
Terms and operator
Published welcome terms: 100% up to NZ$2,000 + 300 free spins
Licence on file: Curacao
Payments and games
Deposit methods: Visa, MasterCard, Maestro, Neosurf, Skrill, Neteller, Paysafecard, Bank Transfer
Game studios: Evolution Gaming, NetEnt, Pragmatic Play, Playtech, Yggdrasil Gaming, Quickspin, Red Tiger Gaming, Big Time Gaming
- 7
Casinoly CasinoHas a sportsbook
100% up to NZ$1,000 + 200 free spins
- Deposits from NZ$40
- Wagering 35x
- Licence: Curacao
- Bitcoin withdrawals 3–5 minutes
Terms and operator
Published welcome terms: 100% up to NZ$1,000 + 200 free spins, wagering 35x, minimum deposit NZ$40
Licence on file: Curacao
Payments and games
Deposit methods: Visa, MasterCard, PayID, Neosurf, Skrill 1-Tap, Skrill, Neteller, Paysafecard
Game studios: Evolution Gaming, NetEnt, Microgaming, Games Global, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming
- 8
20bet CasinoHas a sportsbook
100% up to NZ$200 + 120 free spins
- Deposits from NZ$20
- Wagering 40x
- Licence: Curacao
- Bitcoin withdrawals 3–5 minutes
Terms and operator
Published welcome terms: 100% up to NZ$200 + 120 free spins, wagering 40x, minimum deposit NZ$20
Licence on file: Curacao
Operator: TechSolutions Group N.V.
Payments and games
Deposit methods: Visa, MasterCard, Neosurf, Skrill, Neteller, Paysafecard, MuchBetter, Jeton
Game studios: Evolution Gaming, NetEnt, Games Global, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming, Quickspin
- 9
Betway Casino
100% up to NZ$500 on each of first 4 deposits
- Deposits from NZ$20
- Wagering 50x
- Licence: Malta Gaming Authority
- Bitcoin withdrawals Instant
Terms and operator
Published welcome terms: 100% up to NZ$500 on each of first 4 deposits, wagering 50x, minimum deposit NZ$20
Licence on file: Malta Gaming Authority
Payments and games
Deposit methods: Visa, Visa Electron, MasterCard, Maestro, POLi, Neosurf, Skrill, Skrill 1-Tap
Game studios: Evolution Gaming, NetEnt, Microgaming, Games Global, Pragmatic Play, Play'n GO, Big Time Gaming, Hacksaw Gaming
- 10
All Slots Casino
100% welcome package up to NZ$1,500
- Deposits from NZ$5
- Wagering 35x
- Licence: Malta Gaming Authority
- Skrill withdrawals 0–2 hours
Terms and operator
Published welcome terms: 100% welcome package up to NZ$1,500, wagering 35x, minimum deposit NZ$5
Licence on file: Malta Gaming Authority
Operator: Baytree Interactive Ltd (69691), Guernsey
Payments and games
Deposit methods: Visa, MasterCard, Maestro, Neosurf, Skrill, Skrill 1-Tap, Neteller, Paysafecard
Game studios: Evolution Gaming, NetEnt, Microgaming, Games Global, Pragmatic Play, Red Tiger Gaming, Big Time Gaming, ISoftBet
- 11
BitStarz Casino
Welcome package up to NZ$2,000 + 180 free spins
- Deposits from NZ$20
- Wagering 40x
- Licence: Curacao
- Bitcoin withdrawals Instant
Terms and operator
Published welcome terms: Welcome package up to NZ$2,000 + 180 free spins, wagering 40x, minimum deposit NZ$20
Licence on file: Curacao
Payments and games
Deposit methods: Visa, Visa Credit, MasterCard, Maestro, Neosurf, Skrill, Neteller, Paysafecard
Game studios: Evolution Gaming, NetEnt, Microgaming, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming, Quickspin
- 12
22bet CasinoHas a sportsbook
100% up to NZ$500
- Wagering 50x
- Licence: Canada: Kahnawake Gaming Commission
- Bitcoin withdrawals 3–5 minutes
- Online since 2017
Terms and operator
Published welcome terms: 100% up to NZ$500, wagering 50x
Licence on file: Canada: Kahnawake Gaming Commission
Operator: TechSolutions Group N.V. / Marikit Holdings Ltd
Payments and games
Deposit methods: Visa, MasterCard, Maestro, Neosurf, Skrill, Skrill 1-Tap, Neteller, Paysafecard
Game studios: Evolution Gaming, NetEnt, Microgaming, Games Global, Pragmatic Play, Play'n GO, Quickspin, Red Tiger Gaming
For readers aged 20 and over. Every site here is licensed offshore; New Zealand’s own licences are not issued until 1 December 2026, so no operator can hold one yet. Bonus figures are the operators’ own and change without notice. Free, confidential help: gamblinghelpline.co.nz, 0800 654 655.
What is an Each Way Bet?
Essentially an each way bet consists of two separate wagers. The first is a Win and the second is a Place. In order to be paid out at full sport betting odds, the selection must be a winner. However, if the selection does not win, even a placing will see a portion of the payout.
Let’s look at a simple example:
If there is an upcoming horse race and you are sure your selection will finish in the top 3 with a possibility of maybe taking the race, it could be a good idea to go with an each way option at an online sports betting site. As there are two combined, the 2 individual parts will have a stake. If you plan on putting down a total of $50, then $25 will be placed on the win part, and $25 on the place.
In this example you might find that you can place an each way sports betting wager on a horse to win at odds of 5.00. If the horse were to win, then you would be paid out the full odds for the win, as well as the returns the placing odds. If the horse was not able to win the race but does manage to place inside the top 3 or 4, then you would be paid half or a third of your placing odds. This differs, depending on the bookmaker and the type of sport in question.
Tournament Betting
Each way bets can also be used with Formula 1 as well as larger sports tournaments. In this case, you are backing a team that you know will finish with a top 3 placing in the tournament. You are not quite confident about the team winning the event, but you think they have a decent chance. In this case, you can place a wager, win money if they place, and win big if they do take the tournament.
It is at this point that punters will ask why not just place two separate online sports betting wagers for placing and winning? The answer is simply because the odds offered on these are generally better than those found on separate markets. In a way, this type of betting is a form of insurance wagering; where you are backing up a hunch with a possibility of landing a big win. It is the most effective way to spread your risk and stand a chance of pulling in a significant win.
