New Zealand’s Participation in Online Gambling

New Zealand and Australia are popular destinations for online casino and online gambling developers. These two countries present a market full of existing gambling fans, and online companies want to capitalize on the opportunity. Internet gambling has already become quite popular in New Zealand, but few facts are known this particular market, as the activity has yet to be fully regulated.

The Problem Gambling Foundation of New Zealand has delved into the issue, publishing a fact sheet which illustrates the popularity of online gambling in the country. According to the report, 8% to 10% of New Zealand residents take part in some form of online gambling. This includes playing casino games on the internet or via mobile phones. Television gambling is also included in the category.

Very little is known about New Zealand’s online gambling market at the moment, but some studies have revealed a bit of insight. For example, it seems that Maori individuals are more likely to gamble online as 17% of all online gamblers in the country are of that particular descent. Other studies indicate that young males of Asian descent are also likely to participate in online gambling.

The country’s current online gambling laws state that the only companies which are able to offer internet gambling services to residents are those regulated by the government. As it stands, the only two operators allowed to do so are TAB Corp and the New Zealand Lotteries Commission. It is not illegal for residents to take part in online roulette, online slots and other casino games offered by international operators, but those operators could face fines for offering their services in the country.

While New Zealand seems to have very strict guidelines about online gaming, things seem to be changing. For years, TAB Corp was the only company licensed for online gambling in the country, but the government has recently allowed the New Zealand Lotteries Commission to launch its own online gaming website. The New NZ Lotto website allows players to purchase tickets online and play other online casino games, a huge step forward for the New Zealand gambling market.

There is no word yet on whether or not the country will begin licensing foreign operators, but many residents continue to access offshore gambling websites. In an industry worth millions of dollars every year, it may be a wise choice for the New Zealand government to consider regulating all forms of online gambling activities.

The 8 True Facts About Online Horse Racing Betting Exchange

Horse racing betting exchange is one of the most popular betting games among punters.

1.) You have many benefits to achieve from horse racing betting and it is the easiest form of online betting game.

2.) In addition, you do not have to visit racecourse for laying bets, since with the advent of many innovative technologies, you can sit from the comfort of your home and bet on horseracing.

3.) The best part of online horse racing betting exchange is that, you get the outcome of your betting within a matter of seconds via your email account. Often, horse racing betting exchange increases your income regardless of your outcome. This is because here there is no intermediary or bookie, who claims a big portion of sum as his or her commission.

4.) Betting exchange certainly increases your odds by 24%. In this kind of betting exchange, you need to return only a small portion of attained winnings. In addition, here you can even act as a bookie. Here, you wager against other gamblers online.

Other Facts:

5.) Unlike traditional racecourse, betting exchange offers you the option to lay a bet. You may set odds as whether a racecourse is suitable for a particular event. In fact, this ability of laying a bet enables you to gain profit regardless of the outcome. You can either back at a greater price or lay at a smaller price, thus ensuring obtainment of profits. In addition, online punters are given an option of not accepting the first offers on their stakes.

6.) You can choose the best obtainable odds and achieve prospective winnings. You can also demand better odds. Do not bet on any horse haphazardly, or else you may lose everything. Often people have a misconception that people, who constantly win are overlooked in horse racing betting exchange. On the other hand, traditional bookies discriminate against a punter, who wins constantly a huge amount of money. They even close their accounts and limit their stakes to avoid further play.

7.) The best part of horse racing betting exchange is that, the facility to earn big sum without any restriction or limit. Even if you bet on a horse, which loses the race, the outcome will not affect you, since you are placing a lay bet. You are still able to recover your money.

8.) Finally, choose a reliable site to bet on horseracing and pay heed to the terms and conditions before laying a bet, since terms may vary from one site to another.