New Zealand Racing Board

The New Zealand Racing Board (NZRB) is a statutory monopoly for New Zealand sports betting, including betting on horse racing and greyhound racing. It was established under the Racing Act 2003 to operate the TAB, promote the racing industry and maximise the profits of the industry. It broadcasts racing on two television channels TAB Trackside 1 and TAB Trackside 2, in addition to TAB Trackside Radio.

The Board has an obligation under the Racing Act to regulate and improve the New Zealand racing industry. It must schedule the racing calendar to maximise profit. It must promote wider ownership of racehorses and greyhounds, and best practice amongst racing clubs and racing events. It must also aim to improve the technology and efficiency of the industry, improve the atmosphere of race day events and improve the facilities of racing venues.

The NZ Racing Board’s income comes from TAB betting revenue. The NZ Racing Board operates around 675 TAB outlets throughout New Zealand as well as On-course Tote Terminals, Internet, Phonebet and Touch Tone wagering channels. TAB Touch Tone, Phonebet and Internet wagering channels service more than 170,000 TAB account holders.

The TAB offers a wide range of totalisator and fixed-odds betting products. Just over 80 percent of the totalisator betting dollar is returned to the customer. The rest is returned to the racing and sporting codes, after tax and NZ Racing Board costs.

The TAB has several different wagering channels, tailored to meet the requirements of its vastly varying customers:

Wagering channels are constantly evolving to provide a premium standard of customer service.

The TAB initiated the world's first Government-run totalisator wagering service in 1951. Today a growing range of tote bet types is on offer, from win, place and each way to Poker and All Up bets, Easybets where the computer picks the runners, weighted towards the favourites, and Percentage betting to cut the cost of placing a bet.

In 1996 it added fixed-odds betting to its stable when the TAB began sports betting. Now 31 sporting codes are covered including matches and fixtures around the world, from rugby football, soccer and cricket to sheep shearing. As with race betting, a proportion of every betting dollar is returned to the New Zealand sporting code on which the bet is taken. The choice of sports betting products included head to head, half / full-time double, winning team and margin, and more.

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