The All Blacks go into the Rugby World Cup a clear $1.72 favourite with Australian betting agency Centrebet.
But unlike previous tournaments, punters on both sides of the Tasman have shown caution with their dollars.
"The All Blacks opened $2.30 a very long time ago, and have been as short as $1.50 at the height of their build-up, but they've eased to $1.72 with a couple of lacklustre performances coming in," Centrebet media chief Neil Evans said.
"And there's been thousands of bets taken over many months, but $10,000 outright is about the biggest. Clients from Christchurch, Auckland, Dunedin and across Australia have put down scores of bets anywhere from $100 to $5000, but refuse to go off early when it comes to the monster cash.
"They burnt their fingers big-time on the All Blacks early in 2007 - I remember wagers of over $200,000 - but this time they're not obsessed by NZ's odds-on favouritism, almost respectful of the massive anticipation levelled on the team from one end of the Shaky Isles to the other."