An Auckland man has 130,000 reasons why he doesn't want to see Richie McCaw lift the World Cup again.

A New Zealand punter has bet $130,000 on the All Blacks losing their World Cup title at next month's tournament.

The New Zealand TAB confirmed the massive bet had been placed by an Aucklander.

They accepted the bet – the largest placed on a Rugby World Cup equation – at odds of $1.55, giving the punter the chance to win $71,500.

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TAB media manager Mark Stafford confirmed the bet to the NZ Herald.

As pessimistic as the bet may sound, there is certainly logic behind the huge risk.

No team has ever won back to back tournaments – the All Blacks are backing up from their 2011 success – and the All Blacks have never won a World Cup away from New Zealand and have a disastrous record at tournaments in the northern hemisphere.

They lost in the semifinals of the 1991 and 1999 tournaments and the quarter-finals of the 2007 event, all held in Europe.

But they enter this edition as firm favourites, a reflection of their No 1 ranking and domination of the world game over the last four years since their Eden Park triumph.

TAB records show that two $100,000 bets placed during the 2007 Cup - on England to defeat Tonga and South Africa to beat Argentina - were the biggest previous one-off Cup wagers.

The biggest bet placed against the All Blacks was $100,000 in 2010 on South Africa to win the Tri Nations. South Africa failed to deliver and the bet was lost.

The biggest bet placed with the TAB was $225,000 on Brazil to beat Fifa World Cup minnows China. Brazil won, paying $1.08, returning just under $250,000.