Tote Betting Sportsbook Review
Horse racing is responsible for bringing in in some of the largest wagers at online sports betting sites in New Zealand. The reason horse racing is so popular with punters is because there are various different bets that can be placed on each race, and there are multiple races held at every meet. This adds up to multiple wagering opportunities, competitive odds and plenty of markets to choose from.
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
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 3–5 minutes
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
- 2
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
- 3
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
- 4
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
- 5
GranawinHas a sportsbook
100% up to NZ$200 + 120 free spins
- Deposits from NZ$30
- Wagering 40x
- Bitcoin withdrawals 3–5 minutes
- 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
- 6
PowBet CasinoHas a sportsbook
100% up to NZ$1,000 + 200 free spins
- Deposits from NZ$20
- 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$20
Licence on file: Curacao
Payments and games
Deposit methods: Visa, MasterCard, Neosurf, Skrill, Skrill 1-Tap, Neteller, Paysafecard, Bank Transfer
Game studios: Evolution Gaming, NetEnt, Microgaming, Pragmatic Play, Play'n GO, Playtech, Yggdrasil Gaming, Quickspin
- 7
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
- 8
Casinoly CasinoHas a sportsbook
100% up to NZ$1,000 + 200 free spins
- Deposits from NZ$40
- Wagering 35x
- Licence: Curacao
- Bitcoin withdrawals Instant
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
- 9
All Slots Casino
100% welcome package up to NZ$1,500
- Deposits from NZ$5
- Wagering 35x
- Licence: Malta Gaming Authority
- Skrill withdrawals under an hour
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
- 10
BitStarz Casino
Welcome package up to NZ$2,000 + 180 free spins
- Deposits from NZ$20
- Wagering 40x
- Licence: Curacao
- Bitcoin withdrawals 3–5 minutes
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
- 11
22bet CasinoHas a sportsbook
100% up to NZ$500
- Wagering 50x
- Licence: Canada: Kahnawake Gaming Commission
- Bitcoin withdrawals Instant
- 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
- 12
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
A reference list, not a recommendation, and only for readers aged 20 and over. The operators are offshore and unlicensed in New Zealand until the Department of Internal Affairs begins issuing licences on 1 December 2026. Terms are as published and change without notice. Gambling Helpline: 0800 654 655.
In the world of horse racing, there are two very different types of options that sportsbooks might offer. The first is fixed odds, and the second is tote. Most punters will be familiar with fixed odds as this the majority wagering style used on all the major sports, including Rugby, Cricket, Soccer, Tennis, and Basketball. Tote betting on the other hand, is usually reserved for horse racing but can be used for just about any racing sport.
The Basics
Tote, otherwise known as parimutuel or pool wagering differs from fixed odds in that punters do not actually know how much they stand to win until all the wagers have closed and the race is being run. With fixed wagers, the price is agreed on at the start of the punt and the sportsbook pays out even if the odds shift at a later date.
These punts are best understood when they are looked at as a pool - hence the nickname. This is because all the bets on the particular race go into one central pool, which then determines the total prize money and how much the winners are paid out.
Let’s take a look at a simple example. If the total of all stake money placed on a single race adds up to $12.000, this is then this is the prize pool. The online or mobile sports betting site then takes a deduction for hosting the process. This differs from site to site but is usually around 15%.
Calculating the Payouts
The amount remaining is $10 200. (12 000 – 15%). After the race is run, the payout amounts can be split according to how much was wagered on the winner. If just $600 was wagered on the winner, the prize pool of $10 200 is divided by the winner’s amount of $600 to get a return of 17.00. This means that for every $1 a punter placed on the winning horse, they would receive a payout of $17. Thus, if a punter placed $50 they would receive a total payout of $850. This same formula is used when calculating payouts for second and third place, as well as multiple and prop bets.
Why Tote Betting Works
With this type of wagering, the exact odds of each punt are unknown and the payout is unknown until the race has actually been completed. Only then can the bookmaker do the calculations on how many people placed wagers on the winner, versus the amount of people who wagered on the race in total.
In New Zealand, the best sports betting brands all offer tote punting on horse racing, as well as fixed odds. With fixed wagers, the payout is known at the start but sometimes, parimutuel options offer more for the same type of bet, so it can be a very lucrative option for punters who are keen to take a chance.
