From the outset, it's important to understand that Sportsbet does not advertise a sign-up bonus because this practice has been outlawed since 2019 Australian betting regulations came into effect.

Now that we have cleared that up let's talk Sportsbet.

Sportsbet is the biggest online betting site in Australia and one of New Zealand's most-used international bookmakers with over 1.25 million customers.

With tons of local sports and racing odds and a wealth of betting features, it's easy to see why. The Sportsbet site is also easy to use, full of expert racing tips, and how-to guides. With heaps of free live streaming options for Kiwis, Sportsbet might seem like a great betting site - but that's not the case.

Sportsbet restricts almost all winning players, often without reason (excpet that they're bad for business)

Sportsbet is also very disliked among betting operators for their 2020 lawsuit against sportsbetting.com.au (now boombet.com.au).

With heaps of other Australian-based alternatives (like Ladbrokes, Neds, and PlayUp) with similar features (like cash out and same game multis), all the same betting options, more competitive odds, and much more care for their players, we think Sportsbet should be avoided at all costs.

Why we like Sportsbet NZ ✅

• Features like same race/game multis & cash out
• Top horse racing site with tips and all NZ races
• Many New Zealand and Australian betting markets

What we don’t like ❌

• Quickly restricts winning players
• There is no sign-up bonus for Kiwis
• Withdrawal methods for NZ bettors are limited

Sportsbet is Australia's biggest corporate betting site and that means we have a much more comprehensive review on the Australian version of My Betting Sites - select the button below to read our Sportsbet Australia review (it's the same site)!

Sportsbet NZ Sign-Up Bonus

As mentioned, Sportsbet is not allowed to advertise a sign-up bonus because of Australian betting regulations. To see Sportsbet bonuses and promotions you'll need to be logged into your account.

It sucks that Sportsbet doesn't advertise sign up bonuses but there are a bunch of other great NZ betting sites with welcome offers.

We also reviewed these bookies higher than Sportbet because they generally have better odds, more bonuses, better apps and a wider range of markets.

Sportsbet offers NZ bettors all the payment options that they need, but maybe not all the payment options that they want.

Thankfully, all deposits and withdrawals on Sportsbet are in New Zealand dollars. However, when signing up you must select NZD as your currency as this cannot be changed later.

Sportsbet NZ Verification

Before Withdrawing from Sportsbet you must first verify your identity. Sportsbet will try to automatically verify your identity based on the information you provide upon signing-up however we have found that this usually can't be done for New Zealanders.

Instead, Kiwis must manually verify their identity.

To verify your Sportsbet NZ account:

1. Make sure you have made an initial deposit
2. Log in to Sportsbet and go to My Account
3. Click Get Verified
4. Upload one of the required ID documents
5. Enter your personal details
6. Click Verify These Details

When your account has been verified your status will change from Not Verified to Verified and you will be able to withdraw any wagered funds.