Here you can find a complete analysis of the odds of all the sportsbooks we have in New Zealand.
What is a quota in sports betting?
A odds is nothing more than a numerical indicator of how much the forecast or the bet in question is valued. It indicates what the profit will be and the percentage offered by the bookmaker that this event occurs.
For example, a 1.90 odds means odds of about 52%. A 1.90 odds in turn also indicates the winnings that we will receive from our bet in case it turns out to be a winner. The amount bet is multiplied by that odds - If for example we bet $10 at odds of 1.90, the winnings will be $19 ($9 net).
- What is a quota in sports betting?
- Why compare the odds of bookmakers?
- Top 3 Bookmakers with the best odds
- Which bookmaker has the best odds?
- Why do the quotas change?
- Important aspects to take into account
- Quota providers
Why compare the odds of bookmakers?
Each bookmaker has its own odds provider or software and, therefore, each house has different odds (although in some cases they share odds). Some better, some worse, others stand out only in some sports or leagues, and therefore you have to compare between all of them and choose the one with the best odds. Knowing which bookmaker has the best odds and choosing the bookmakers with the highest odds is key to achieving long-term benefits with sports betting.
We save you the trouble, because we offer in each bookmaker a comprehensive analysis of their odds in all leagues and categories: major leagues and the lowest. In addition, we make a comparison and organize the houses according to their odds: from best to worst. Those that have more or less or payout, all organized in our odds comparator.
Top 3 Bookmakers with the best odds
1 - Spin Palace
There is no doubt that in New Zealand the king of odds is Spin Palace. It is the bookmaker with the best odds, by far. Spin Palace has been focusing its product for many years on offering competitive odds, with very little commission and consequently, with greater benefits for its users.
It also highlights its excellent mobile App, being one of the best bookmakers with app mobile.
But they have also incorporated into their services a new product that makes them go one step further: the 0% margin . The 0% margin of Spin Palace consists in the fact that on some selected events, the bookmaker does not charge a commission (0%). That is, they guarantee that the quotas are entirely profits to the user, and therefore they will be the highest on the market.
The product 0% margin of Spin Palace is available in dozens of daily matches of numerous sports. This coupled with the fact that its odds are already the most competitive in the sector, places Spin Palace as the best bookmaker in terms of odds.
2 - 1xbet
1xbet is another of the bookmakers that focuses its services on offering the highest and most competitive odds possible. Their commission is really low and that means that their odds are very high and are usually above the average of other bookmakers.
Although according to our analysis at Innovate Change its average margin is not the best, we must emphasize that the analysis is carried out with the average of football matches of all categories, even inferior and little known. But for example, in major leagues and moneyline markets, their profit margin is below 2, which is excellent and well below the average of other bookmakers, who have an average margin of more than double in those markets.
Therefore, 1xbet is a sure guarantee of high and competitive odds in major leagues, since its product is based on offering the highest possible payout, even if that means having less profit with each bet.
3 - Versus
According to our Innovate Change analysis, Versus is among the bookmakers with the best odds in the sector. Its average margin is similar in all leagues and markets, hovering around 5, so it is considered excellent and above average. In other operators, the average is between 6 and 10.
Versus is another of the bookmakers that has preferred to charge less commission for their bets but offer a more competitive product, which in this case are higher odds.
In addition, this bookmaker offers an extra product called “
", which consists of improved odds that select the most relevant football events or markets every day. With this product, Versus offers even higher odds than usual, improving them by 0.20 and even 0.50 cents.
Which bookmaker has the best odds? Complete comparison
From Innovate Change we always recommend reading the reviews of each bookmaker in detail, trying to evaluate the pros and cons of each operator as best as possible in order to find the one that best suits our tastes and needs. But if we only want to consider the odds, we can say that the winning bookmaker would be Spin Palace .
Having analyzed its margins and compared its odds over the past few years we have been able to verify that it is the licensed bookmaker in New Zealand that offers the best odds. This is mainly because they apply a 0% margin in many of their markets, guaranteeing the best bookmaker odds.
Let's see a comparison with the 10 bookmakers that currently offer the best odds. For this we have chosen the football match Barcelona - Real Sociedad de La Liga.
We can see highlighted in red the absolute best odds of all these operators and in purple those odds that although they are not the best, would be above average. In some cases we see that there are operators who share quotas and offer equal quotes.
For Barcelona to win (1.82) and draw (4.33) the bookmaker offering the best odds is Spin Palace, while the best odds for Real Sociedad to win (4.50) is with 1xbet.
Why do the quotas change?
It will often have occurred to you that browsing a bookmaker or even when you are placing your bets, the odds change. In all bookmakers, all odds are constantly changing.
It is an automated process, and it is similar to what happens with the price of a stock or cryptocurrency. The odds are constantly varying due to the volume of money entering the market.
For example, in a market of plus or minus 2.5 goals, there may be two equal odds (1.90-1.90). But if a lot of money goes into an option, that fee will go down and consequently, the opposite bet will go up. That is,
the quotas change due to the money movements that are in them
If a low fee, it is because money has entered it. And the consequence will be that the opposite option will rise in quota.
However, there are times when bookmakers change the odds, anticipating the movements of punters. This occurs when relevant news appears, such as a covid outbreak in a team or player, or some circumstance that may noticeably affect the performance of the player or team. In such cases, the bookmakers try to anticipate to modify the odds and adapt them to the new circumstances of the event.
Important aspects to take into account
The Payout is key to understanding why some bookmakers have better or worse odds, and why they are different in each sport. It is also important to take into account that the bookmaker charges a commission, which is reflected and applied in the odds.
Other functionalities such as Cashout or Creating Bets are an added value to the bookmaker, which will allow you to take advantage of their odds better and enjoy their services more.
Always betting at the best odds is very important, since a difference of just a few cents can mean winning or losing money in the long term.
Many of you usually ask us which are the bookmakers that share odds with another, or who is the odds provider of an operator. It is useful and interesting information for your bets, so we have compiled all the licensed houses in New Zealand.
What is a quota provider
Only a few bookmakers have their own team of traders (employees) who are responsible for setting and adjusting the odds of events. The vast majority of them delegate this task to an external company specialized in offering these services.
The odds provider is the name given to the company with which the bookmaker in question has the agreement to offer, adjust and set the odds. That is: from which company the quotas come (and therefore, offer of sports and events).
It is interesting to know this since there are many bookmakers with the same odds provider, although their odds may be different due to the payout. Although as we said, there are important operators that have their own system, such as the Wheelz odds provider or ChristChurch odds provider, which are their own and exclusive to those bookmakers.
Bookmakers that share odds
We can mention, in addition to the bookmakers that have their own odds software and trader team, the following most popular odds providers in New Zealand:
Sportnco is one of the most used by online gambling operators in New Zealand. It offers a wide variety of markets and sports, as well as competitive odds.
|Bookmakers using Sportnco|
Kambi has extensive experience in the sports betting market, and is used by numerous online gambling operators both in New Zealand and internationally. It is very characteristic and offers an excellent variety of events and markets.
|Bookmakers using Kambi|
Betconstruct offers both casino and sports betting services. It has important partners like Betsson in New Zealand, offering excellent odds and a very good offer of events.
|Bookmakers using Betconstruct|
Sbtech is a less famous odds provider in the sports betting sector but it has excellent services. So much so that one of the most important gaming companies in New Zealand like Rizk has bet on them, although it is not the only one.
|Bookmakers using Sbtech|
Gaming Club not only has its own team of traders and odds, but it has also marketed its services and some bookmakers have incorporated their offer. We could say that it is a Gaming Club's own service, but that it is shared by other operators. However, it is in Gaming Club where we find a greater offer of sports and events.
|Bookmakers using Kirolsoft|
Two of the most successful bookmakers in New Zealand have opted for Altenar, offering very intuitive sports betting services, with excellent offer of events, markets and good odds.
|Bookmakers using Altenar|
In addition to the aforementioned independent suppliers, which are the most popular in New Zealand, there are other suppliers that we can find in New Zealand.
Bookmakers with their own suppliers
In addition to all the aforementioned betting providers, there are some operators that have their own team of traders who take care of the odds. We leave them to you below
|Bookmaker with own suppliers|