Matched Betting has been one of the best ways to earn money for the past decade and it continues to provide for those who have only just discovered it.

Here we are going to show you why you must be Matched Betting if you live in New Zealand and exactly how to get started.

Is Matched Betting legal in New Zealand?

Yes, Matched Betting is 100% legal.

The only time Matched Betting is not legal is if gambling itself is outlawed. Thankfully, betting is legal in New Zealand, and so by extension Matched Betting is allowed.

However, New Zealand is unique as citizens of the country canonlyplace online bets with companies outside of the country. This is because New Zealand once had very strict gambling laws and there are currently no online bookmakers licensed by the New Zealand government.

This can be great for New Zealand Matched Bettors as they can have access to all of the UK and EU online bookmakers.

What is Matched Betting?

Matched Betting is a risk-free system that takes advantage of the free bets and bonuses online bookmakers offer to new and existing customers.

Using a two bet system we can eliminate all of the risk associated with sports betting and guarantee ourselves a profit from the offers we receive.

Do you have to pay gambling taxes in New Zealand?

No. The good news is that all of your earnings from Matched Betting or any other type of gambling is completely tax free.

In 2017, the 2003 Racing Act was amended and the New Zealand government required that the online bookmakers pay a 2% tax from every stake wagered by punters in New Zealand.

As bookmakers do not like to pay out to anyone, the 2% tax will probably affect the margins offered to bettors as they try to earn back the taxes they were forced to pay.

However, as Matched Bettors this will not affect us and our ability to earn, so you should not worry.

Oddshero does not offer legal advice and you have full responsibility to understand the tax laws.

The best bookmakers for Matched Betting in New Zealand?

As all New Zealand punters have access to the European bookmakers, there is an abundance of signup bonuses available to profit from.

Here are a few to get you started.

William Hill

One of the oldest and most famous names in all of betting, William Hill has a great offer with a 100% bonus up to $525NZD for new players.

A 100% bonus means that William Hill will double your initial deposit. To get the most out of this offer, we would have to deposit and wager $525NZD to receive the equivalent bonus amount.

A $525NZD is an enormous offer compared to other bookmakers and one that is much higher than William Hill offers to other countries.

Unibet

Unibet offers new customers a slightly smaller signup bonus but still an extremely lucrative one with a 100% bonus up to $470NZD.

This bookmaker is also known for their generous Deposit bonuses they regularly send out to their customers.

Betfair

Betfair is perhaps the most famous name in sports betting, thanks to their market leading betting exchange, however, they are also one of the best sportsbooks currently in operation.

For New Zealand bettors, they’re currently offering new customers a $200NZD risk free bet when signing up.

A risk free bet means that if the bet loses we would be given a full refund of our stake. However, because we are eliminating all risk thanks to Matched Betting, we can turn this risk free bet into a guaranteed profit.

Many More

These three are just the tip of the iceberg of bookmakers currently available for New Zealand bettors.

Here at Oddshero, we have 70 different bookmakers that you can profit with.

Summary

Matched Betting in New Zealand can be just as lucrative as Europe and bettors will have full access to all overseas bookmakers currently available.

New Zealand bettors are not required to pay tax on any of their winnings and all tax responsibility falls onto the bookmakers who receive the bets.

If you want to begin your Matched Betting journey, then sign up here for free and earn your first $100 bonus.