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New Zealand Dollar Sports Betting

When it comes to online sports betting, currency exchange is often a way sportsbooks can make money.  When a sportsbook company adds the New Zealand Dollar to its roster of accepted currencies for direct betting, you know they truly value New Zealand as a market of importance, as they are removing currency exchange as a stream of revenue from customers that hail from New Zealand.  

For the most part, the three most-used currencies for international online sportsbooks are the British Pound, the Euro and the US Dollar.  Due to the wide usage of these currencies, many sportsbooks simplify their business model and only offer some combination these currencies.  This forces customers without direct access to them, to make an exchange before they can begin to bet.  

If you want to bet in any of these three currencies, you will be confronted with the added cost of currency exchange and the lack of transparency this often involves.  When you exchange your funds, you will be shown your rate of exchange as paid to the exchange house.  The exchange house could be your e-wallet provider, your bank, your credit card company etc.  However, the rate that you pay will have been marked up from the day’s best rate.  In general, depending on the exchange house, you will pay anywhere from 2% to 5% of the value of the sum you convert.  So in real terms, if you were depositing NZD 1,000 to buy a balance in Euros, the markup would constitute a fee from $20 to $50 just to make the exchange.

You don’t see this as a fee, you’ll just see your balance in the new currency and the exchange rate that you paid, hence the lack of true transparency in your cost of exchange. You haven’t even bet yet, but you’ve just lost a chunk of cash for no real reason.  Quite simply, there is no reason to pay such outrageous fees as there are several best-of-class online sportsbooks that cater specifically to the New Zealand market with direct NZD betting.

BetVictor is known widely in the UK for having the most competitive football odds. If football is to be the sport on which you will focus more than any other, BetVictor must be at the top of your list.  They of course cover all other sports very well with many betting markets. Read the BetVictor New Zealand review.

The best New Zealand Dollar online sportsbooks

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Pinnacle Sports is a reduced-juice sportsbook.  This means they do away with advertising and marketing costs.  The savings is passed back to bettors with consistently higher paying odds on all sports and they also offer very high limits. Read the Pinnacle Sports New Zealand review.

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Ensure your funding source also offers New Zealand dollar balances

If you want to bet in New Zealand dollars to avoid currency exchange fees, you’ll also need to use a funding source that supports the NZD.  It is does you no good to you sign up with an NZD sportsbook, but you register with an e-wallet provider that does NOT offer NZD balances.  Unfortunately, like many international sportsbooks, several popular funding platforms do NOT support the New Zealand dollar even though the service itself is available for use in the country.  The currency is simply not supported.  You’ll want to read more about the sports betting banking methods that are made available to you as a New Zealander.   

For quick reference, the banking methods that provide New Zealand Dollar balances include the following: For an e-wallet, use Skrill.  If you bank locally with ANZ, you can sign up with iDebit payments to transact in NZD between your bank account and betting account.  You can of course transfer directly from your bank or use a credit card, but it is best to read about the details of these methods so that you understand the benefits and drawbacks.  If you intend to transact and wager in very large amounts, you would do well to read about high limit betting.

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