Horse racing betting
Quick answer
Racing remains a core part of the TAB product and New Zealand's racing industry, with a funding relationship through the TAB that returns money to the code.
What you can back
Main competitions: New Zealand Cup week, Karaka, domestic meetings, Australian Group 1s
| Market | How it works |
|---|---|
| Win and place | The two basic bets on any runner. |
| Each way | Combines a win bet and a place bet on the same runner. |
| Exotics | Quinella, trifecta, first four, pick six and similar combinations. |
| Fixed odds and tote | Tote pools versus fixed prices available before the race. |
| Futures | Ante-post markets priced weeks or months ahead. |
Practical note
In New Zealand wagering on racing, like sports betting, is restricted to TAB NZ under the June 2025 rule change. TAB returns a share of its profit to the racing and sports sectors.
Play safely in New Zealand
Gambling should be entertainment, not a way to make money. Before you deposit anywhere:
- Set a money limit and a time limit for the session, and stop at it.
- Use the account deposit limits, session reminders and time-out tools every licensed operator must provide.
- Never borrow money to gamble and never try to win back a loss.
- Take a break if gambling stops feeling like a choice.
Free, confidential support is available 24/7 from the Gambling Helpline on 0800 654 655 (text 8006), or through Safer Gambling Aotearoa. You can also self-exclude from New Zealand pokies venues through the Multi-Venue Exclusion scheme.
Horse racing betting: frequently asked questions
Can I bet on Horse racing from New Zealand?
Yes, through TAB NZ and Betcha. Since 28 June 2025 those are the only operators permitted to take or promote sports and racing bets from customers in New Zealand.
What are the main Horse racing markets?
Win and place, Each way, Exotics, Fixed odds and tote. The two basic bets on any runner.
Are Horse racing winnings taxable in New Zealand?
Recreational betting winnings are generally not taxable. Inland Revenue treats gambling and prize winnings as non-taxable unless the activity forms part of a taxable business.
Is in-play betting available?
TAB offers in-play markets on most major events, and the range has broadened since the platform partnership with Entain. Availability depends on the specific event.