Esports Betting in New Zealand 2026: Where the Market Stands After the 2025 Monopoly

Updated October 2026

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Esports betting in New Zealand sits in an unusual spot. Competitive video gaming is watched by millions, the tournaments carry prize pools that rival major traditional sports, and yet the only operator lawfully permitted to take a sports bet from a person in New Zealand is a single state-backed monopoly. That restriction took legal force on 28 June 2025 with section 74AAA of the Racing Industry Act 2020, and it reshaped the choices available to anyone wanting to bet on a League of Legends final or a Dota 2 match from a New Zealand IP address. Everything below is written for someone deciding what to do with that.

Current as of 30 October 2026 against the Racing Industry Act 2020 (as amended by the Racing Industry Amendment Act 2025) and the Department of Internal Affairs’ public statements on the offshore-operator withdrawal notice.

What esports betting actually is, and what it costs at the bookmaker

The shape of esports as a betting product

Esports is a form of organised, competitive video gaming. Players and teams compete in titles such as League of Legends, Dota 2, Counter-Strike, Valorant, Overwatch, Call of Duty, Fortnite, Rocket League and StarCraft. The competitions are mostly multiplayer matches, sometimes head-to-head between individuals in fighting games, and they are framed by tournament organisers with brackets, group stages and finals. Major tournaments include the League of Legends World Championship, The International for Dota 2, the Evolution Championship Series (EVO) for fighting titles and Intel Extreme Masters across multiple games. The International 2021 for Dota 2 carried a prize pool above US$40 million, the largest in esports at that time. The Esports World Cup 2026 runs from 6 July to 23 August 2026 in Paris with a US$75 million prize pool across 24 games, having grown from US$75.5 million the year before.

That is the product. The reader who bets on a LoL Worlds match or a CS2 Major is wagering on the outcome of a game played by professionals, with the same mechanics as betting on any other sport: pick an outcome, set a stake, get a price. The difference is that the schedule is dense — esports events run most days of the year — and the data feeds into models quickly, which is why the market moves fast and the in-play product matters more than in slower sports.

Why the margin is the number to watch

A bookmaker’s margin is the share kept from every dollar bet on a market. It is not a fee; it is built into the prices. The way to see it is to convert each outcome’s decimal odds to an implied probability (1 ÷ odds) and sum those probabilities. Where the probabilities sum to more than 100 % in a fair market, the bookmaker’s price reflects the margin. The excess constitutes the margin.

Take a clean two-way market at decimal odds of 1.90 on each side. The implied probability on each outcome is 1 ÷ 1.90, which works out to about 52.63 % per side. Add the two and you get roughly 105.26 %. The fair price is 1 ÷ 0.50 on each side, which is 2.00 — a perfect 100 %. Because the bookmaker offers 1.90, the bettor pays a 5.26 % margin. In a market with three outcomes (a draw added), at the same 1.90 each way, the implied probabilities sum to about 157.89 %, giving a margin of 57.89 %, which explains why three-way markets carry a heavier built-in cost than two-way ones.

That is the price of doing business. It is a band, not a number pinned to a single bet, because no real market sits at exactly 1.90 across both sides, and esports margins vary by tournament and by bookmaker. The reader who knows this number is the reader who notices when one bookmaker’s margin on, say, a League of Legends map handicap is 4 % and another’s is 9 % — the same bet, two very different prices, all built into the numbers on the slip.

The legal frame in New Zealand and what it cuts off

A single lawful provider, by statute

Since 28 June 2025, TAB NZ (the brands TAB and Betcha) has been the only operator allowed to take online sports and racing bets from people in New Zealand. Section 74AAA of the Racing Industry Act 2020, inserted by the Racing Industry Amendment Act 2025, says no person other than TAB NZ may offer racing betting, sports betting or other racing or sports betting to a person in New Zealand, regardless of where that person is resident or incorporated. The Department of Internal Affairs told unlicensed providers to withdraw with immediate effect. There is no licence to apply for and no licence register for bookmakers, because there is only this one lawful provider.

TAB NZ does not stand alone in the market — it operates under a 25-year agreement with Entain, signed in 2023, that gives Entain a 50/50 share of gross profits, with at least NZ$150 million a year going to TAB NZ for the first five years, and a one-off NZ$100 million payment from Entain to the racing sector. TAB and Betcha are two online brands of the same operator; they are not competitors.

What the law does not do

The Gambling Act 2003, as amended in 2025 by section 19(4), says an individual may not be convicted for placing a bet with an offshore betting operator in breach of section 74AAA. No published penalty for a player was found. New Zealand does not geo-block offshore bookmaker sites; the prohibition puts liability on the operator that offers the bet. The Department of Internal Affairs warns that overseas operators may sit in jurisdictions with minimal consumer safeguards, may not return unspent credits, and may not pay out large wins.

That is the honest framing. TAB NZ and Betcha are the lawful option with New Zealand harm-minimisation tools, regulator oversight and a complaints framework. Offshore brands are unlawful for the operator to serve New Zealand, have no New Zealand complaints route, and carry the risks the Department of Internal Affairs names. Neither is “the safe choice” by default; the choice lies between a regulated domestic product with its own limits and an offshore product with the DIA’s stated risks. Offshore must never be described as legal, licensed, approved or safe in New Zealand.

What “sports betting” covers, and the esports question

Whether esports betting counts as “sports betting” under the Racing Industry Act has not been formally determined. That matters because if esports is “sports betting”, the same rules apply — only TAB NZ may take the bet, and offshore operators may not lawfully offer it. The Online Casino Gambling Act 2026 licenses online casino gambling only; virtual sport is treated by that law as casino gambling. TAB NZ’s published betting rules list Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie, Big6, and Multis and Same Game Multis — but whether the esports product sits inside those terms is something the reader checks in TAB NZ’s own Wettprogramm before betting. No statutory statement resolves the question.

Greyhounds, in-play and the betting tax

Greyhound racing closes in stages from 1 August 2026, and from that date offshore operators may not take bets on greyhound races either. Live betting is listed in the TAB NZ apps, but any statutory restriction on in-play markets is not established. No statutory per-bet cap exists; limits are TAB NZ’s own terms. No published rule on crypto or VPN use was found, and account opening at TAB NZ requires a verified New Zealand address. For the player, Inland Revenue guidance says recreational gambling winnings are generally not taxable; prize money from TAB horse, dog and trotting races is not taxable. A person who bets as a business is a different case — and Inland Revenue or an accountant is the right source for that.

Responsible gambling: what the lawful operator offers, and where to get it if you don’t

TAB NZ’s built-in tools

The TAB NZ app provides deposit limits, time-outs and self-exclusion, and the exclusion applies across both TAB NZ brands. The free New Zealand Gambling Helpline is 0800 654 655, with a text line at 8006. Safer Gambling Aotearoa is the public-facing service. TAB NZ must keep the risks of problem and underage gambling minimised and pays a Problem Gambling Levy of 0.74 % in force from 1 July 2025 to 30 June 2028.

Why the offshore route strips this back

None of the offshore brands in this comparison offers the New Zealand Gambling Helpline inside its account, none is reachable by a New Zealand complaints body, and none of them pays the Problem Gambling Levy. Their self-exclusion is theirs — a brand-level decision — and a New Zealand bettor who self-excludes from an offshore site has used that site’s tool, not the New Zealand harm-minimisation framework. The Department of Internal Affairs warning is the practical reality: overseas operators may not return unspent credits and may not pay out large wins. The responsible-gambling architecture that TAB NZ is required to maintain does not travel with the bettor across an offshore site.

What that means for the reader

For someone with a strict budget, the deposit-limit tool at TAB NZ is the difference between a hard ceiling and a soft one. For someone with a history of chasing losses, a self-exclusion that is enforceable under New Zealand law is the difference between a tool and a request. The offshore brands sell a similar product without any of these mechanisms; the reader who values them is the reader for whom the offshore option is the wrong one.

Crypto and anonymity: a bet the law targets at the operator

Why this matters in New Zealand

New Zealand law targets the operator, not the player. Section 74AAA says no person other than TAB NZ may offer sports betting to a person in New Zealand. A crypto-only esports bookmaker operating under a Curaçao or Anjouan licence that takes bets in Bitcoin or USDT is doing exactly what the statute prohibits when it accepts a New Zealand customer — the player using a crypto wallet does not change that. Nothing in New Zealand rules says crypto is banned at the player level, but no source states a rule on crypto use either, and the practical position is that no New Zealand-licensed operator offers crypto deposits and the offshore route is the only place a reader can place a bet in Bitcoin or another cryptocurrency.

What crypto at an offshore site actually buys

A pseudonym. The blockchain records the wallet and the transaction, and KYC at withdrawal will often pull the bettor back into a verifiable identity. The speed advantage is real: deposits and withdrawals in crypto settle quickly because no bank is processing them. The cost advantage is less clear: crypto prices carry their own volatility, the conversion to NZD happens at the wallet, and the offshore site’s withdrawal limits apply on top — at VIP level 1 these can run NZ$1,000 per day or NZ$13,000 per month, rising to NZ$3,000 per day or NZ$35,000 per month at level 5 in some brands. Those limits are not at the player’s wallet; they are at the bookmaker.

The honest trade-off

A crypto bet at an offshore brand is faster and quieter at the deposit end, and slower, capped and regulator-light at the payout end. A bet at TAB NZ is slower and more thoroughly verified at the deposit end, and the New Zealand complaints framework is on the other side if anything goes wrong. The reader who values pseudonymity over recourse is the reader for whom the offshore option exists; the reader who values recourse over pseudonymity is the reader for whom TAB NZ exists.

Bonuses and free bets: the offer written vs the offer cleared

What “free” usually means

A free bet is a stake the bookmaker gives the customer, where the stake is not paid back with a win. If the bet wins at decimal odds of 3.00 with a NZ$10 free bet, the return is NZ$20 in profit — not NZ$30. That is the “free” part: the stake is consumed. A cash bonus is different: it is added to the balance, often with a turnover requirement, and the stake of any bet made with bonus money behaves like a normal stake. A “risk-free” bet refunded as a free bet is not a refund in money. Each of these is its own product, and the marketing language rarely tells the reader which one it is.

What turnover does to a bonus

A wagering requirement is the multiplier the bonus must be turned over before winnings become withdrawable. A NZ$100 bonus with a 5x wagering factor on the bonus means NZ$500 of qualifying bets must be placed before any withdrawal. At a stake of NZ$10 per bet, that is 50 bets. Only bets at or above the minimum price the terms name count — a 1.50 minimum is common. The expected cost of clearing is the turnover times the margin of the market the bets are placed on, which is why a bonus on a heavily-margined market clears more cheaply in expectation than one on a low-margin market.

Where the reader loses

The bonus is written as a headline number; the clearing cost is buried in the terms. A “100 % bonus up to NZ$200” can be worth less than its face to a reader who places small bets at high margins, and worth more to a reader who concentrates turnover on the cheapest-to-clear markets. Read the minimum price, the wagering factor and the deadline before claiming. Read the cap on free-bet winnings too — some offers convert the winnings from a free bet into bonus money that must itself be cleared.

Payments, payout speed and where the bottlenecks actually are

The cashier landscape

TAB NZ accepts card, bank and the methods its terms name. Offshore brands in this comparison vary: e-wallet deposits and payouts are fast while credit-card transactions take longer because a bank processes them, and bank transfers can sit on the receiving bank’s queue. PayPal is offered by some, Trustly by others, and crypto by a smaller group. The fastest path through the cashier is the one that avoids the bank — and the fastest path back is the one the operator’s withdrawal queue handles directly.

What “fast payout” actually costs the reader

A fast payout is worth less if the operator’s terms cap withdrawals. VIP-level withdrawal caps are real: NZ$1,000 a day at level 1, NZ$13,000 a month; NZ$3,000 a day, NZ$35,000 a month at level 5 in the brands that publish them. A reader who wins a four-figure sum at the bookmaker’s expense on a single bet and has only a NZ$1,000 daily withdrawal cap can wait over a week to clear a NZ$10,000 win. That is not the cashier being slow; it is the cashier enforcing its own terms.

The New Zealand-specific issue

TAB NZ’s withdrawal queue is bounded by New Zealand banking hours and identity verification status, but it is bound to the New Zealand harm-minimisation framework and complaints route. Offshore brands are bound to their own terms and to whatever regulator named them — and where the regulator is overseas and minimal, the complaints route is the brand’s own customer service. The reader who reads the cashier page before depositing is the reader who does not learn the cap at withdrawal.

Mobile and the app: where the live product lives

TAB NZ’s app

The TAB NZ app carries Trackside live race streaming with in-app betting, racing form, Blackbook and Jockey Challenge tools, and a simplified wallet for deposits and withdrawals. Safer-gambling tools — deposit limits, time-outs and self-exclusion — are in the app, and the exclusion covers both TAB NZ brands. The app is the place most New Zealand readers will place a bet because it is where the live product is.

Offshore apps and the in-play product

Offshore esports brands lean on the app because the live product is where the action is. Esports events run most days of the year, the schedule is international, and an in-play market can move several times throughout a single map. The reader who bets in-play from a phone is the reader who values the app’s latency, the streaming quality and the speed of the bet-placement flow. That reader ought to still check the licence the app’s operator holds, and where the operator is incorporated, before depositing.

The practical cost of an app

An app is only as good as the markets it shows. A lean app with five esports titles and a thin in-play product is not the same tool as a deep one with twenty titles, map handicaps and same-game multis. The reader who bets a few markets a month can live with the lean version; the reader who bets in-play needs the deep one. The TAB NZ offering sits somewhere in the middle for esports specifically because the full esports schedule could not be confirmed — a reader should check TAB NZ’s own product before staking.

Live betting and cash-out: the mechanics of an in-play bet

How live betting works

A live bet is placed after the event has begun, with odds that move as the event unfolds. In a League of Legends match, the odds on the team currently ahead shorten, the odds on the team behind lengthen, and a bettor placing a live bet accepts the price at that moment. Cash-out is the bookmaker offering to settle the bet before the event ends, at a price derived from the current live odds. The cash-out value is usually less than the fair value of the bet at those odds, because the bookmaker keeps a margin on the cash-out price as well as on the original bet.

What cash-out actually costs

The cash-out price is the live odds minus the bookmaker’s live-betting margin. A fair live market on a two-way event offers the bettor the same implied probability as the pre-match market; a bookmaker’s live market offers slightly less. The bettor who routinely takes cash-out pays a second margin on the same bet — once at placement, once at settlement. That constitutes the cost of locking in a return before the event ends.

Where TAB NZ fits

Live betting is listed in the TAB NZ apps, and any statutory restriction on in-play markets is not established. The TAB NZ same-game multi product, where the legs of a multi all come from one event, is available in-app and depends on the live feed being active for that event. The reader who bets in-play at TAB NZ uses the same harm-minimisation tools — deposit limits, time-outs, self-exclusion — and the same complaints route. The offshore in-play product is faster on price movement, narrower on New Zealand recourse.

Predictions and strategy: what tips can and cannot do

The promise and the limit

An esports betting tip is a forecast of who will win a match, map or tournament. It is one person’s read on form, head-to-head, player match-ups and meta shifts. A tip cannot know what will happen in a live match any more than a horse-racing tip can know which horse will jump cleanly. The tip’s value is the marginal information it carries beyond the price; a tip that names the favourite at 1.20 odds carries nothing, and a tip that names a winner at 4.00 odds where the market has drifted to 6.00 carries something.

What a strategy does instead

A strategy is a set of rules about stake size, market selection and bankroll. The simplest is flat staking — same stake on every qualifying bet — which removes the bettor’s stake-size decisions from the betting. A more complex strategy is value betting — only place the bet when the price is longer than the bettor’s estimate of the true probability — which removes bets that do not meet a threshold. None of these change the margin built into the price. The reader who runs a flat-staking strategy on a 5 % margin market pays the same 5 % on every bet; the reader who runs the strategy on a 9 % margin market pays more for the same bets.

Where the reader loses — Predictions and strategy

A “sure” bet or a “system that wins” is something no one can offer, because no one can know an outcome. A reader who acts on a predicted one loses real money on the page’s word, and that is a cost the page does not ask the reader to pay. What the page can do is describe the market and the mechanics so the reader makes their own call.

Bet types and odds: what the slip actually shows

The mechanics of a price

A decimal odd of 2.50 means a winning NZ$10 stake returns NZ$25 — the NZ$10 stake plus NZ$15 profit. The implied probability is 1 ÷ 2.50, or 40 %. A decimal odd of 1.50 means a winning NZ$10 stake returns NZ$15 — the NZ$10 stake plus NZ$5 profit — at an implied probability of about 66.67 %. The lower the odds, the shorter the price, the heavier the favourite. The bookmaker’s margin is the difference between the sum of implied probabilities across all outcomes and 100 %.

What the bet types do

A single is one outcome, one stake, one price. A multi (or accumulator) is two or more outcomes whose odds multiply into one price — two outcomes at 2.00 and 3.00 become a multi at 6.00. A same-game multi is a multi whose legs all come from one event. Each leg of a multi must win for the bet to win. The book’s margin compounds across legs, which is why a three-leg multi at fair odds of 6.00 will be offered at a lower price that hides three layers of margin.

What it costs the bettor

The cost is built into every multi. A two-leg multi at 5.00 looks attractive compared with a single at 5.00; in fair terms, a two-leg multi prices above 5.00, and the book’s price sits below that fair level because each leg carries margin. The reader who backs singles on value markets and skips the multi where they can is the reader who pays one layer of margin instead of two.

Sports, tournaments and what the calendar looks like

The schedule

The esports calendar runs year-round. League of Legends splits into Spring and Summer regional leagues and culminates in the World Championship in the autumn. Dota 2’s Pro Circuit runs through the year with The International as its peak — above US$40 million in 2021. Counter-Strike’s Majors sit across the season. Valorant’s Champions Tour follows a similar regional-then-global pattern. Fighting games cluster around EVO. Fortnite, Rocket League, Overwatch and Call of Duty each carry their own circuits. The Esports World Cup 2026 runs from 6 July to 23 August 2026 in Paris with 24 games. Team Falcons won the Esports World Cup Club Championship in 2025, defending its 2024 title.

What that means for the bettor

A reader who bets a few markets a month can plan around the calendar. A reader who bets in-play needs the live feed on whichever event they target — and the reader at TAB NZ needs to check whether the TAB NZ product covers the title, the tournament and the market they want. The full esports schedule at TAB NZ could not be confirmed; a reader should check the operator’s own product.

The ranking: ten brands, one lawful provider, and what each one offers

The two lawful New Zealand brands come first because the law says they are the only options inside New Zealand. The eight offshore brands follow as brands a New Zealand reader will encounter, each marked as not licensed in New Zealand. This is a comparison, not a ranking or a recommendation: offshore brands are unlawful for the operator to serve New Zealand, and the page never invites the reader to sign up with one. The table summarises the standing in New Zealand and what each operator’s own terms state on the page’s subject matter.

The two New Zealand brands are the only options a reader in New Zealand can use lawfully. The eight offshore brands carry their own terms and their own regulators, none of which reaches a New Zealand bettor; a New Zealand complaints route does not exist at any of them, and the New Zealand harm-minimisation framework does not travel.

TAB and Betcha: the lawful option, in detail

TAB and Betcha share the same operator (TAB NZ) and the same harm-minimisation framework. The TAB NZ app carries live race streaming with in-app betting, racing form, Blackbook and Jockey Challenge tools, and a simplified wallet. Safer-gambling tools — deposit limits, time-outs and self-exclusion — are in the app, and the exclusion applies across both brands. Account opening at TAB NZ requires a verified New Zealand address and ID, which is the price of access to a regulated product with a regulator that can be reached. The age for TAB NZ betting is 18; betting under 18 is an offence under section 89 of the Racing Industry Act 2020.

The TAB NZ product carries the fixed-odds and tote (pool) bets its terms define — Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie and Big6, with Multis and Same Game Multis. Where esports sits in that list is something the reader checks on TAB NZ’s own product before staking. The Entain partnership — 25 years, 50/50 gross-profit share, at least NZ$150 million a year to TAB NZ for the first five years — is the structural reason the product runs as it does, not a fact that changes the bettor’s slip. For a New Zealand reader, the choice between TAB and Betcha is essentially a choice of interface for the same underlying product.

LegendPlay, BetNinja, BigClash, BillyBets, BetAlright, Golden Panda, Millioner and Rooster: the offshore brands

None of these is licensed in New Zealand. None has a New Zealand complaints route. Each is unlawful for the operator to serve a person in New Zealand under section 74AAA. The terms each brand publishes are theirs alone, and the regulator that named them is theirs alone. The reader who chooses one of these is choosing to step outside the New Zealand harm-minimisation framework, and the Department of Internal Affairs’ stated risks — minimal consumer safeguards, no return of unspent credits, possible non-payment of large wins — apply.

What each offers, by its own terms:

• LegendPlay names sports promotions including First Deposit Bonus, Weekly Reload Bonus, Sport Jackpot, Virtual Sports Excitement and Acca Boost.
• BetNinja states it is licensed by the Union of the Comoros; the licence gives no right to take bets from people in New Zealand.
• BigClash’s terms do not list New Zealand among the excluded jurisdictions, and the NZD is in its withdrawal table — NZ$1,000 per day at VIP 1 rising to NZ$3,000 per day at VIP 5.
• BillyBets lists cashback and reload bonuses on sports, a coin shop where coins are exchanged for free bets and free spins, and a five-level VIP.
• BetAlright’s terms do not list New Zealand among excluded jurisdictions; NZD withdrawals follow the same VIP ladder as BigClash.
• Golden Panda offers a Sports section with sportsbook, esports and virtual sports, plus casino, live casino, crash games, rewards, cashback, a VIP Club, Golden Goals and Prediction Markets.
• Millioner states e-wallet deposits and payouts are fast while credit-card transactions take longer because a bank processes them.
• Rooster names a Tobique Gaming Commission e-gaming licence held by Novatrix SRL, a Costa Rica-registered company.

The verdict on this group is the same for every brand: the product exists, the terms exist, the regulator exists, and none of that is a New Zealand regulator or a New Zealand complaints route. The reader who values the offshore product over the domestic one is the reader who knows what they are giving up.

Frequently asked questions

How do I bet on esports?

Pick a licensed operator, choose an esports match or tournament, select an outcome and a stake, confirm the bet on the slip, and wait for settlement. The mechanics are the same as betting on any sport: a price (decimal odds) sets the return, the stake is the amount risked, and the payout is the stake multiplied by the odds if the bet wins. In New Zealand the only operator that may lawfully take the bet is TAB NZ (TAB or Betcha), and the reader checks that the chosen title, tournament and market are on TAB NZ’s product before staking.

How do I bet on FIFA esports?

FIFA esports sits inside the same esports betting product as any other title — pick the match, pick the outcome (win, map handicap, total maps, correct score, etc.), set the stake, confirm. The same rules on legality apply: in New Zealand, only TAB NZ may take the bet. The market list and the live schedule come from the operator’s own terms, and the reader checks TAB NZ’s product for the FIFA esports calendar before staking.

Is esports betting legal in New Zealand?

Since 28 June 2025, only TAB NZ may offer sports betting to a person in New Zealand, by section 74AAA of the Racing Industry Act 2020. Whether esports betting is “sports betting” under the Act has not been formally determined. Offshore brands offering esports bets to New Zealand customers are doing what the statute prohibits when they accept the bet. Section 19(4) of the Gambling Act 2003 (inserted in 2025) says an individual may not be convicted for placing a bet with an offshore betting operator in breach of section 74AAA; no published penalty for a player was found.

Which bookmaker may lawfully take sports and racing bets in New Zealand?

TAB NZ, through its two online brands TAB and Betcha. The Department of Internal Affairs told unlicensed providers to withdraw with immediate effect after the Racing Industry Amendment Act 2025 took effect on 28 June 2025. TAB NZ operates the business under a 25-year agreement with Entain signed in 2023. There is no licence to apply for and no licence register for bookmakers.

How is the return on a bet worked out from the stake and the odds?

The return on a winning single bet is stake multiplied by the decimal odds. A NZ$10 stake at decimal odds of 2.50 returns NZ$25 (NZ$10 stake plus NZ$15 profit). A NZ$10 stake at decimal odds of 1.50 returns NZ$15 (NZ$10 stake plus NZ$5 profit). For a multi, the odds of each leg multiply into one price and the stake is multiplied by that single price.

What is the bookmaker’s margin and how can it be seen in the odds?

The margin is what the bookmaker keeps of every unit bet on a market, built into the prices. To see it, convert each outcome’s decimal odds to an implied probability (1 ÷ odds) and sum those probabilities. Where the sum exceeds 100 %, the excess is the margin. At decimal odds of 1.90 on each side of a two-way market, the implied probability is about 52.63 % per side, summing to about 105.26 %, which is a 5.26 % margin. The margin is a band, not a single number — different markets and bookmakers carry different margins, and esports markets vary by title, tournament and bet type.

Prepared by the Nzbettinglaw editorial staff.