Bookmakers Betcity and Jack's have highest payback
Which legal bookmakers in New Zealand have the highest payback? This has been investigated by Betmanbegins and we discuss the main conclusions from this study here. The payback is interesting for gamblers because it affects the winnings for players.
Payback sports betting
Since October 2021 online gambling is legal in New Zealand. It is therefore time to see which bookmaker has the highest payback.
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Payback is a term used in sports betting. We first briefly explain what payback means before we discuss the results of the study.
Explanation payback
What is payback? When you bet on a bookmaker as a player, you want the highest odds. We all know that some bookmakers have high and some lower odds. The fact that the odds differ between bookmakers has two reasons:
1
the bookmakers think differently about the
odds of winning
2
the bookmakers use other
profit margins
For the second reason, we speak of payback . You can simply payback consider a bookmaker's profit margin as the bookie . One bookmaker uses a higher payout percentage then the other one. This is at the expense of the size of the the player's odd and The Gambler's final (possible) win .
The payback is a representation of the profit margin that bookmakers set off in the odds. A 95% payback for example, corresponds to a profit margin of 5%.
In a tennis match, the bookmakers estimate the chances of winning of both tennis players equally high. Ideally, the odds should then be 2.00 for both tennis players. But the bookmaker, of course, wants to make a profit. It makes sense because a bookmaker also makes a cost and wants to earn something from it himself.
Therefore, the bookmaker sets the payback for example, 95%. As a result, the two odds are not 2.00 but 1.90.
In short: when you bookmakers compared, it is it is important to payback analyze. And that has Betmanbegins complete. The results of the payback you can read about research in this article. This allows you to take advantage when betting on Football, Formula 1 or other sports.
When your bookmakers compared, it is it is important to payback analyze.
Payback research
The study included the legal bookmakers in New Zealand. There are eight different football leagues and seven betting markets analyze. Also, the payback examined in live betting. For this, there are six football leagues and five betting markets analyze.
The measurements are only reliable (valid and representative) if they are carried out at the same times. Since most bettors place the bet on the day of the match, the measurement was carried out on the match day.
It is practically not possible to measure the measurements of the live payback at exactly the same times. There is always a very small time difference between them. The maximum time difference between two measurement moments was up to five minutes.
Bet365 provides a lower payback when you as a player choose an 'early payout' with a lead of two goals. To make the data comparable, the payback of Bet365 based on the odds a player gets if the ‘early payout’ option is not selected.
Jack's casino BetCity do both use odds provider Kambi . The odds are the same at these two bookmakers. When this article refers to Kambi , thus become Jack's casino and BetCity intended.
The investigation took place in March 2022.
Pre-match payback per bookmaker
The percentages below have been calculated by taking an average of the seven measured betting markets eight different popular football leagues.
Captain Cooks and Toto offer no Asian handicap betting. Therefore, the payback for these bookmakers based on 48 measurements instead of 56.
When comparing the payback (excluded from the Asian disability betting market ) we see that Captain Cooks and TOTO, on average, is still the highest payback percentage offer.
The only difference is that Kambi ( Jack's and BetCity ) a higher payback has then Bet365 India is Asian Handicap betting market be excluded.
Based on the data collected Captain Cooks the best pre-match payback (94.57 percent ) in New Zealand.
Then follow Bet365 , Kambi and TOTO. Their payback is about 0.50 percent lower than Captain Cooks . From the payback percentage Royal Vegas Casino shows that they seem to focus more on the casino than sportsbook .
The pre-match payback of Captain Cooks , which amounts to 94.57 percent, is the highest in the New Zealand market.
Pre-match payback per competition
The table below shows the average payback percentages (of all betting markets ) by league. You see that Royal Vegas Casino is structurally underperforming .
Captain Cooks in contrast, in every league – with the exception of the Champions League and the Premier League – achieves the best score.
In the Champions League and the Premier League Captain Cooks narrowly defeated by Bet365 and TOTO. They offer a payback which is 0.15 and 0.01 percent higher, respectively.
In the Eredivisie we see that all bookmakers, with the exception of Royal Vegas Casino , scoring fairly evenly.
Pre-match payback per betting market
Below payout percentages include the average of each Football League for those betting market . We see that especially Bet365 and Kambi perform well in the betting markets 1X2 , draw no bet and Asian disability.
In the slightly less popular bets, such as winner at halftime or over/ under team goals , we see that Captain Cooks structurally higher payback offers.
Live payback per bookmaker
Kambi performs best with a payback which is just above 94 percent. Then Toto and Bet365 . As with the pre-match payback does Royal Vegas Casino have the lowest here again payback .
Captain Jack's and Betcity having a payback above 94 percent live altitude payback in the New Zealand market.
Live Payback per competition
The table below shows the average payback again about the five measured betting markets by bookmaker.
Here, Too, Royal Vegas Casino dangles at the bottom again. It is noteworthy that the very high payback of Kambi in the Premier League. This is 1.39% higher than Bet365 , the number two. Also in the Eredivisie and Jupiler Pro League Kambi particularly strong.
Live Payback per betting market
What is striking is the low payback of Captain Cooks in the 1X2- betting market . Here they are 3.52 percent lower than Kambi and they score even worse than Royal Vegas Casino.
Just as in the pre-match segment score Bet365 particularly good in the Asian handicap betting market . By the ear/ under goals betting markets Toto then offers a very attractive payback to.
How does the player experience these figures?
An attractive payback is an important tool for a bookmaker to gain market share. However, the perception that players of the payback percentage having it is probably even more important.
Therefore, Betmanbegins organized a poll on his website to examine how players who bet experience the numbers.
When players bet live, odds are almost never compared. Logical because you have to act quickly because the odds change quickly during the match.
It is therefore most plausible that the perception of the players is based on the pre-match odds.
The following question was asked to 128 respondents: "which New Zealand bookmaker do you think has the most attractive odds on football on average?”
As many as 57 percent of those surveyed think that Bet365 the best payback has all the Legal New Zealand bookmakers. Pretty impressive Bet365 state both pre-match live in third place payback .
One possible explanation for the respondents ' perception is the very high payback that Bet365 operates on the pre-match 1x2 betting market . The community may be aware of this and the high payback wrongly generalized to the other betting markets .
The high payback of Captain Cooks – and to a slightly lesser extent that of Toto-is underestimated by the respondents. The very moderate payback van Royal Vegas Casino is correctly estimated by the players.
Conclusion
Captain Cooks scores very strongly in the field of pre- match payback . Royal Vegas Casino, on the other hand, does it very moderately. Kambi , Bet365 and TOTO perform almost equally.
Captain Cooks especially because they have a high payback percentage in the slightly less popular betting markets .
If we look at the competitions, then score Captain Cooks especially strong in the Jupiler Pro League and the Bundesliga . In the Premier League, by far the most popular league in New Zealand, they also offer the best payback percentage but the lead is minimal.
Live score Kambi very well and end up Toto and Bet365 in second and third place, respectively. Captain Cooks has only a slightly higher live payback then Royal Vegas Casino. The payback percentage in the 1x2 betting market located at Captain Cooks far below those of the competitors.
The analysis shows that Captain Cooks and Kambi perform better than the other legal bookmakers in New Zealand.
Advice
Because Captain Cooks the best payback Captain Cooks should let the New Zealand market know that they have the best payback!
Also BetCity and Jack's might consider getting their high live payback if unique selling point to use it and make it clearer communicate the relevant target groups.
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