Betdaq review

Betdaq

Review score:

3.2/5/5

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Daddy

3.8

Realy goood website with a lot of markets both in play
Pros:
  • Betdaq offer a series of trading tools for both beginner and seasoned exchange traders.
  • Bet £10 in the Betdaq casino and get a bonus of thirty smackers (£30).
  • 0% commission on all tennis betting and trading markets.
  • Betdaq offer syndicated pool betting where you can play the jackpot pools and split the entry fee amongst friends.
Cons:
  • No welcome cash bonus available.

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Daddy

3.8

Tuesday 17. April 2018

Realy goood website with a lot of markets both in play
Keith G

2.6

Wednesday 18. October 2017

BetDaq will never match Betfair liquidity, if you are trader and do not want to pay Premium Charge, it can be an option.
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Betdaq bonus

Betdaq

Zero commission for 30 days

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frequently asked questions

What are Under/Over markets?

The Under/Over market allows you to bet on whether the number of goals or points in a match will be above or below the given number. In football matches the standard number of goals is 2.5 so if you back ‘Over’ in this market you need there to be three goals or more to win. If you back ‘Under’ you are looking for no more than two goals.

1/1.5 Under Over

Bet Over 1/1.5 Goals and you win at your matched price if there are 2 or more goals scored in the match. If there is 1 goal scored in the match half your stake is lost and half your stake is returned.

Bet Under 1/1.5 Goals and you win at your matched price if there are no goals in the match. If there is 1 goal scored in the match half your stake is returned and the other half is multiplied by your matched price.

What does match odds mean?

Match Odds is the most popular and common bet type you are likely to come across. There will be the option to back or lay any of the possible outcomes in a match, whether that be one team or player or another to win or the match to be tied.

This market, in a football context, is sometimes referred to as 1X2.

When it applies to Golf it is generally applied to the player’s respective performances over the duration of the tournament.

3. What is Exchange Starting Price (XSP)?

On selected markets where the XSP icon is displayed, Betdaq gives customers the option to place bets that are not otherwise matched on the exchange at an Exchange Starting Price (XSP). Betdaq will calculate and display the XSP when an event is being turned in play or completed (if not turning in-play). Customers can select to have any unmatched back or lay bet matched at the XSP when it is calculated.

Why can't I lay on a Fixed Odds market?

On markets with little exchange interest we have decided to offer Fixed Odds markets. This will guarantee prices and liquidity for these less popular markets though this is at the expense of a Lay option in these circumstances.

What payment methods do BETDAQ accept?

They currently accept the following payment methods:

• UK & Irish Issued Debit Cards, including Visa Debit, Mastercard Debit & Visa Electron (0% Charges)
• VISA & MasterCard* Credit Cards (1.5% Charge on all deposits)
• Skrill / MoneyBookers / Skrill & NETeller (0% Charges**)
• Paypal 2% Charge on all deposits.

Bank Transfers and Cheques* are alternative methods of deposit.

What is P&L net of commission?

The profit and loss figures in a market do not include any deduction for commission payable. This feature allows you to display your P&L figures for the market, less any commission payable, so you can see your actual winnings on the market should the bet win. (All commission quoted is the Normal Commission Rate).

What does At the Off mean?

The term At the Off is used to designate the start of the event. Operationally we will turn the market In Running at this point if we are offering betting In Running. Alternatively at this stage we will suspend the market and wait for the event to finish.

From a betting perspective we will offer the customer up to 3 options At the off: Cancel, Keep and Take XSP. Which one to set as your default can be selected in the My Preferences section.

What does At the Off – Cancel mean?
At the Off – Cancel means any unmatched portion of your bet will be cancelled when a market goes In Running.

What does At the Off – Keep mean?
At the Off – Keep means any unmatched portion of your bet will remain available for matching when a market is turned In Running. This option will only be available in markets that we offer In Running.

What does At the Off – Take XSP mean?
At the Off Take XSP means any unmatched portion of your bet will be matched at XSP when the market goes In Running. This option will only be available in markets that we are offering XSP.

What is the Live bets Panel?

The Live Bets Panel alerts you to how your bets are being matched, freeing you to work in other areas of the exchange without ever losing touch with how the market is moving.

The panel is located directly at the very bottom of the site and can be sized to show as few or as many of your live bets as you want to see. It enables you to swiftly change both the odds and the amounts of your bets or indeed to cancel them altogether so you can keep ahead of the market.

How long do withdrawals take?

All withdrawals are subject to standard security checks and can take up to 24 hours to be processed. This is in addition to the standard processing times above.

Please note you may be asked to supply proof of identity and

Do Betdaq offer FREE bets?

BETDAQ may at its sole discretion and subject to terms and conditions governing their award, grant customers a Free Bet entitlement from time to time.

When a customer is awarded a Free Bet, the Free Bet amount will be held and displayed separately to the customer’s account balance in the customer’s wallet.

Free Bet balances are non-withdrawable and must be bet with.

BETDAQ reserves the right to withdraw a Free Bet at any time and without the need to give a reason for its withdrawal.

Free Bets have an expiry date and can be restricted to specific events and markets so customers should check the specific terms of the Free Bet awarded to them.

How easy to the eye is the Betdaq website?

The layout of the site is very straightforward and easy on the eye. The main top menu has all of the available products and in the left menu you will find the top section contains popular links within the lower section containing the list of various sports.

The main content section with the markets and prices is also set up with a top and bottom section with the main event at the top and other in play events in the bottom section.

Two excellent content sections on the Betdaq site are the traders tools and the Betdaq tips section.

2. Does Betdaq offer competitive odds or the best odds in a certain sport?

Betdaq is an exchange betting site so odds are not available like a normal sportsbook. With exchange and peer to peer betting you can of course find better odds in nearly every event and sport.

Betdaq does offer a service called “Multiples” which allows users to bet on multiples (minimum 2 selections) at exchange odds. You can also place combination bets if the bet slip allows.

How good is the market coverage and selection of bets on Betdaq?

Betdaq has an extensive coverage of sports for both pre match and In-play trading and across a multiple range of sports. If we look at football you will find betting opportunities from 41 different countries.

How good is In Play betting on Betdaq?

Being an exchange this is the only type of betting they do and they do this very well. Betdaq is widely regarded as the leading competitor to Betfair and SMARKETS.

The number of markets is limited only be the number of people willing to offer a price.

What selection of bonuses and re-occuring promotions does Betdaq have?

Betdaq have a a couple of “Commission” related offers, one is for new clients and one is for existing clients. They also have an offer for players who bet on their multiples platform.

For new players, they are offering up to £1000 cash back on your first months commission and for existing players they now offer a very competitive 2% commission across all exchange sports bets.

For those of you who like multiples you can take advantage of their free bet offer. Bet £100 on multiples in any week and Betdaq will give you a free £10 multiples bet

How easy is it to deposit and withdraw funds with an Betdaq account?

Betdaq make it very easy indeed to place deposits. They do only focus on the main payment methods which include VISA, Mastercard, Paypal, Skrill and Neteller.

How friendly and fast is the Betdaq customer service and live chat service?

Brilliant live chat with a very knowledgeable agent and answered a number of questions relating to the new multiples betting on Betdaq. Including the ability to place combination bets and the very interesting question of winning limits.

Can you trust Betdaq?

Betdaq is owned and operated by LC International Limited, Suites 6-8, 5th Floor, Europort, Gibraltar, is licensed (RGL Nos. 010, 012) by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner. All bets struck by customers with accounts registered in Great Britain are regulated by the British Gambling Commission pursuant to the licence held by Ladbrokes Betting & Gaming Ltd. (licence no. 1611)

About Betdaq

General Information

BETDAQ is one of the biggest betting exchanges in the world with its registered office based at Suites 6-8, 5th Floor, Europort, Gibraltar. BETDAQ is the major competitor to Betfair and SMARKETS in the betting exchange space. In 2013 it was acquired by Ladbrokes plc, but has since become part of the larger LadbrokesCoral plc group from 1st November 2017 after the final completion of the merger between the two high street betting giants. For exchange punters this is a great partnership as it means that many punters who were only betting in the shops will now be given incentives to bet via the Betdaq exchange. This provides more liquidity for all exchange layers and bettors.

The Betdaq site runs on one of the most secure and technologically advanced systems, which is operated by Exchange Platform Solutions Limited, a company licensed by the Alderney Gambling Control Commission This platform is responsible for matching more than £75m worth of bets from customers and brokerages around the world each week, so when you bet with BETDAQ you know that your bet is backed by the strength and security of a global business.

Now has never been a better time to join Betdaq or take your first steps in exchange betting. Their offer of zero commission for 30 days is a fabulous offer. So you can test out if exchange betting is for you. Sign up TODAY!

Deposit & Withdrawals

The deposit options available with Betdaq are vast and include the main ones which are Visa and Mastercard debit cards, Visa Electron cards as well as e-wallets. The main e-wallets can be used such as Paypal, Skrill and Neteller.

Customer Service

By Phone: IRE 01 556 6222, UK : 08701781 021, International : +353 1 556 6222 By Email: [email protected] By Fax: +353 1 556 6296

License Information

Betdaq is licensed and regulated by the United Kingdom Gambling Commission License Number 003367

Betdaq betting experience

Odds format & betting margin

Decimal As a betting exchange you will only see decimal odds available. The reason for this is that an exchange is exactly that. It is like a normal stock exchange where prices move in something called ticks (or 1/100ths) These ticks allow for both backers and layers to trade. It also provides more competition for people wishing to back at a price or lay at a price.

Betting limits

As a betting exchange Betdaq does not have any limits on winnings. You are only limited by the liquidity of a market. If their are enough layers you can win as much as possible.

Types of bets

Of course Betdaq has a main focus on trading and exchange peer to peer betting. they also have multiples betting on selected sports and pool betting on football.

Sport coverage

As an exchange, the number of sports offered is more limited due to the nature of exchange betting. They currently have 16 different sports to bet on.

In-play experience

Betdaq of course offer in-play and live betting being an exchange. Here you are betting against other punters, also known as “peer to peer” betting. You can either be the bookmaker (lay a price) or the punter (back a price) Odds are offered on all sports, with horse racing being one of the most common sports for in running betting.

Live streaming

Live streaming is available on Betdaq and the minimum stake to watch an event/horse race is £5

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Score:

3/5
4/5
3/5
3/5
3/5

General Information:

Website URL: betdaq.com

Founded: 2000

Supported platforms: apple windows android

Products: Exchange, Sports Multiples, Casino, Virtuals and Sports Pools.

3/5

Customer service:

Customer service hours: 24 Hours per day

Telephone number: 0870 1781 021

Live Chat: Available

Address: LC International Limited, Suites 6-8, 5th Floor, Europort, Gibraltar