Esports Betting in New Zealand

Choosing an Online Bookmaker

The players must take adequate steps to protect themselves from abuse of gambling. The first step is choosing an online esports bookmaker wisely in order to avoid bookmakers with a history of gambling issues. This means ensuring the chosen bookmaker has a license and the necessary permits. The players must also review the records of esports bookmakers on established rating sites and review user reviews before making a final choice of any esports betting site.

History of Esports Betting in New Zealand

Esports in New Zealand is a relatively recent phenomenon compared to other types of gambling. This is largely due to the fact that esports took some time to be recognized as part of the overall gambling industry, so most gambling operators did not provide esports betting lines even a decade ago. Besides, esports games were not very regulated in the past, so it was challenging for gambling operators to provide odds for gamblers.

Esports Betting Today in New Zealand

Whereas esports betting is quite a recent phenomenon, it has increased dramatically in New Zealand, as measured by how many people make bets on each game every day. Figures report that, for the past half-decade, esports has featured in second position in terms of rate of increase, with customary sports betting on top. Most online gaming websites nowadays offer diverse esports betting markets on which players in New Zealand can place a bet on the esports tournament or match they fancy.

The Future of Esports Betting

Esports betting in New Zealand is going to increasingly become popular in the future. This is, above all else, due to the convenient ease of esports betting markets' access. The world of esports is also expanding, where there are more players capable of participating in the tournaments and competitions or spectating the games that they are fond of. There are more coordinated groups overseeing esports competitions, and therefore more esports betting markets to partake in. The growth in popularity of esports should cause esports betting to be more mainstream, similar to how it is with mainstream sports. History of Gambling in New Zealand

Gambling started in New Zealand with the first European settlers. It was immediately illegalized and remained so through most of the colonial period. The Gambling Act legalized gambling but restricted it to racing sport betting. New legislation opened the way for gambling in the country, which led to an explosive spread of illegal gambling. The government introduced further controls but did not illegalize gambling.

The Future of Gambling in New Zealand

Gaming as a whole is bound to continue performing well in New Zealand. It is technological advancement that is primarily driving the ever-increasing internet gambling industry. The government also has a chance of promoting growth in the industry, but this comes with some limitations to protect the players. This is primarily because of the role played by the gambling industry towards a lot of revenues and potentially its expansion much further.

Gambling Regulators in New Zealand

The principal gambling regulator for gambling operations in New Zealand is the Gambling Commission. It grants licenses and operators, handles player and operator complaints, issues variations of licenses, hears appeals, and provides advice to the government on gambling policy.

Payment Options in New Zealand

New Zealand players have a number of payment options to select from because most international esports casinos find it more convenient to accept the most popular methods. Local payments are a bit restricted, though, as there are no local esports bookmakers. Players thus tend to incur currency conversion fees. Some of the most popular payment methods are mentioned below.

Credit and Debit Cards

Debit and credit cards are widely utilized since they can be used by all but very few online esports casinos worldwide. Payment method bonuses for bank card users by some casinos are even available. Bank cards do have only one serious drawback: that they typically cannot accept bookmaker withdrawals. This implies that the players have to look for other alternatives for withdrawal.

E-wallets

E-wallets are another alternative to bank card usage limitation.

Most e-wallets provide deposit and withdrawal services, allowing players to use a single payment method for all gambling activities. PayPal, Skrill, Neteller, and Upaycard are the most common e-wallets for esports betting. The player can choose their favorite e-wallet depending on their gambling requirements. Some international websites also support region-specific methods, such as betting sites accepting Instadebit, though it might be subject to the player's region.

Cryptocurrencies

Cryptocurrencies are also becoming popular as a means of payment in New Zealand. This is due to the fact that they offer an incredibly high degree of anonymity. Players do not have to provide their bank details or personal details when paying for a transaction, and no transaction can be linked to a person.