Betdaq is one of the world’s largest sports betting exchanges, with an estimated 7% global market share. It has gained a reputation as the top online betting and trading platform as a highly experienced player in the industry. This Betdaq review will describe the sports betting and trading exchange experience, compare it to Betfair, and share some insights.
Commission rate is 0 for newcomers;
The level of customer service is high;
Bonuses (Bet 10, get ten and more);
Convenient when using Betdaq website (design + functionality).
Low commission for betting;
Liquidity used to be poor, even though now the level of liquidity is growing;
Registration is not available for all countries, respectively, fewer bonuses, technical support does not include languages other than English.
Review of Betdaq. Betdaq general information
The Betdaq sports betting exchange was launched in 2000. Its founder, a successful Irish businessman and major investor, Dermot Desmond, is one of Ireland’s most successful and wealthiest people. To start, we’ll briefly overview the brand, its history, and its background.
In February 2013, Betdaq was acquired by the oldest British bookmaker Ladbrokes. Ladbrokes received Global Betting Exchange Alderney Ltd. (GBEA-Betdaq betting operator, founded in 2000) and shares worth 15 million euros. Ladbrokes also acquired a 10% stake in TBH Guernsey Limited, a technology provider for Betdaq. Before the transfer of Betdaq to new owners, the Irish company operated under the Alderney license. After the merger with Ladbrokes, it began operating under the UK and Gibraltar Gambling Commissions.
Currently, the headquarters of Betdaq is located in Gibraltar. The company has a total of about 80 employees and an annual turnover of over $ 7 billion, making it the second-largest company after industry leader Betfair.
Gamblers usually associate its name with Betfair, the main Betdaq’s competitor in the UK online gambling market. Betfair is its main competitor, and in order not to lose before Betfair, Betdaq promotes many bonuses and offers. This and Betfair are regarded as the biggest bookmakers on the British market.
Betdaq operates exclusively through the worldwide network. Priority markets are the UK, Ireland, and Asian regions.
At the end of 2014, the gambling company suspended accepting players from many European countries. Betdaq legally operates in such countries as Argentina, Ireland, New Zealand, Luxemburg, Tanzania, United Kingdom.
The official website of the Betdaq betting exchange has two links in the virtual space, international – www.betdaq.com. Players from the United Kingdom have a separate version: www.betdaq.co.uk.
The design of the desktop site is made in a minimalist style in purple and white colors. The portal has a powerful engine and broad functionality despite its apparent simplicity. The site supports only English and two Asian languages.
The full list of services looks the following:
- Exchange. Stock market. Directly go to the main page for bidding;
- Multiples. Multi-selection of bids;
- Virtual sports;
- Sports range from rugby to ice hockey;
- Mobile version;
- Bonuses and promotions;
- Trading tools;
- Betdaq tips for exchange;
- Several types of sports sweepstakes like “Colossus,” offering a crazy jackpot of £10,000,000.
When registering with Betdaq, you can open an account in four currencies: pounds sterling, euros, US dollars, and Singapore dollars.
One of the exciting features of the gambling operator is the presence of a free trading tools store, as well as the announcements section, where Betdaq publishes betting tips for upcoming events.
This Betdaq review claims that Betdaq is not a bookmaker in the usual sense. It is a betting exchange that integrates betting services and casinos, among other things. A betting exchange is a service where bettors make bets not with a bookmaker but with each other, offering their odds.
At the same time, the exchange itself lives on a commission. Betdaq has a very low-only 2% which is much better than other bookies.
But the company’s website is quite typical for a bookmaker. In the upper right corner – registration, on the Central screen – the most exciting events with action line, on the left-a line. The main menu includes categories-exchange, sportsbook, casino, mobile, promotions, trading tools, Betdaq tips: you can easily switch between them.
Overall, the website is quite minimalistic. On the one hand, this is good, there is nothing extra, and the site is not overloaded with graphics, animation, and various (often unnecessary) options. On the other hand, some things are missing – changing the language, odds, coupon on the main page, etc.
Besides the web version, you can get a native app: it mirrors all website’s services and has a pretty convenient layout, too.
Line in Betdaq. Betdaq and its odds
Since Betdaq is originally a betting exchange, and the role of a bookmaker is secondary, you can find more offers in the exchange line. The number of sports reaches thirty, including top popular British sports: soccer, horse racing, boxing, golf, tennis, ice hockey, rugby.
Still, the coverage is pretty limited: you will not find many bets, including niche markets or alternative betting options.
However, despite Betdaq being a Western brand, it contains Asian handicaps and totals in the list of additional bets, when most other gambling houses in the EU have these types of bets in Europe, which do not have returns when they fall into integer handicaps and totals but with more attractive odds. The presence of Asian handicaps is because Asia is one of the priority areas of the betting company.
In any exchange review, odds are one of the essential features that the odds are high, and there is even support for comparing quotes with other bookmakers, where Betdaq often offers more attractive offers. But if you look at it from the other side, not everything is as tempting as it may seem at first glance. The fact is that the odds of the Irish stock exchange are displayed without taking into account the pledged margin. It is removed from winnings (2-5%). At the same time, the usual bookmakers ‘ quotes are set with the commission already taken into account, so the difference is always noticeable, although they may be the same.
One of the advantages is a multi-level reduction of the commission for large cash turnover of the player, from the standard 5% to the minimum of 2%.
For example, let’s look at the odds for one of the football matches of the Premier League. The odds on the exchange:
- Win 1-2.00-2.07;
- Draw – 3.30-3.45;
- Win 2– 4.60-5.00.
The odds in the bookie:
- Win 1 -1.90;
- Win 2– 4.00.
As you can see, Betdaq mainly focuses on the exchange. The commission rate is 0%. Offering this excellent commission rate Betdaq attracts many customers compared it with Betfair.
One of the problems is Betdaq’s liquidity. Those markets that collect a large amount of players ‘ money are called high-liquidity markets. Such markets can be identified in the Betfair betting exchange or in those offices where market liquidity statistics are open. Betdaq used to have a bad name for having poor liquidity. However, in recent years, its liquidity has been rising. Betdaq does its best to keep the liquidity high.
Let’s take a look at the Betdaq live betting section and compare it with the one at Betfair. It seems like Betfair is a winner: Betdaq’s coverage is very modest, and extra features like live streaming are exclusively available for horse and greyhound racing.
Still, the section has a pretty convenient layout. For instance, a special panel informs players about live bets and the odds fluctuation if they are on other pages of the site at this time. The LiveBets button is located directly at the bottom of the site and you can customize it: just indicate how many Live bets you need to see. It will allow you to quickly change the odds and number of bets or cancel them altogether, if necessary. The feature is available in the Betdaq app, too.
Sports trader and limits
Despite the lack of limitations(the highs depend solely on the demand of players for a particular event), many less significant matches and even major Championships in many countries are of little interest to the players of this brand. The main Betdaq’s customer pool comes from Great Britain and Ireland, where locals tend to bet on their native tournaments.
A little about the limits: a minimum bet is £0.50 (0.50€/$), and the maximum wager depends on a particular match/type of bet: more popular games and markets have higher limits.
Using Betdaq casino is worthy as the casino section includes a huge variety of slots divided into several categories:
- new games;
- exclusive table games;
- all table games;
- exclusive slots;
- exclusive jackpots;
- all jackpots;
In this case, it is quite comparable to Betfair. All casino games are online, so you don’t need to install any additional software. You can play for real money (Real Play) or virtual money (Fun Play). The bet amount is limited to the deposit only.
The company has the right to reject any bet if it believes that a player violated the rules. Such violations may include the following:
- money laundering, collusion, bonus abuse, match rigging, or fraud of any kind;
- The user is a resident or temporarily located in a jurisdiction where providing any Betdaq Casino product and using it is considered illegal.
Players of the Betdaq casino can expect free bets and promotions regularly. You can play casinos with the Betdaq app as well.
Rules you need to know for betting exchange and games
In our Betdaq review, we need to consider the Terms and conditions of the gaming policy and Privacy&Cookies.
The company’s rules and terms of play are published on the site and in the app and cover in detail all controversial issues – registration, verification, withdrawal of funds, account restrictions, betting rules, and so on. Before making a bet, new customers must read them.
The name and address on the credit card, debit card, Bank account, or other payment methods the players use to make transactions with Betdaq must match the registered name and address. Payments via third-party debit cards, credit cards, Bank accounts, or any other payment methods that are not registered will not be accepted.
The minimum deposit is $ 10 (or equivalent). Betdaq does not set a maximum withdrawal limit, but payment systems may set withdrawal limits, which may be updated from time to time. Withdrawals may be subject to internal checks. The company pays special attention to violators of the rules and reserves the right to apply various sanctions, depending on the degree of violation.
On the betting exchanges, the most common violation is collusion for profit. Betdaq is aware of this and takes all possible measures to combat this phenomenon.
A breach can occur when two or more exchange accounts collide in a particular market to intentionally transfer funds from one account to another using unrealistic prices or market conditions. Betting or collusion in the market can negatively affect bona fide players, who may inadvertently fall into this scheme in rare cases. However, the Betdaq exchange has developed many procedures to prevent and detect collusion and can quickly and accurately identify bids that are involved in collusion. As a result, Betdaq reserves the right to suspend all accounts suspected of being involved in collusion and may withdraw funds from any account found to be involved in collusion.
Betdaq, like other betting exchanges, is not responsible in any way for the extent to which its client complies with tax laws. At the same time, at the request of the relevant authorities, the company can provide them with the necessary information about the client’s income.
Sponsorship and partnership
In January 2011, Betdaq entered into a major deal with the Kempton Park racetrack that allowed Betdaq account holders to get free access to Kempton Park once a week. The agreement also meant that Betdaq would sponsor 176 races over the year.
In July 2011, Betdaq became an official partner of Celtic Football Club. The brands announced the partnership at a special ceremony by Sky Sports expert Alan McAnally, a former Scotland striker who works as a Brand Ambassador for Betdaq.
In September 2011, Betdaq became a London Irish Rugby Club sponsor. Under the terms of the agreement, the company’s logo was applied to the team’s t-shirts for all Aviva Premiership and Heineken Cup matches.
In 2018, Betdaq became a sponsor of Sunderland AFC for one season.
Betting exchanges provide customer support to make your betting experience easy, so Betdaq is not an exception. If you have any questions, the customer service is here to help: it works 24/7 and replies quickly and professionally.
There are several ways to contact the English-language support service via website or app:
- call an international phone number: +353 1 556 6222;
- send an email to email@example.com;
- consult via live chat.
Payment method review
As for all of the bookmakers’ reviews, we pay attention to payment methods. Betdaq offers a sufficient number of payment methods.
Although the list of payment cards is not the richest for domestic players, it will not be difficult to find a suitable method for depositing or withdrawing the necessary amount of money—no commission for new users.
For deposit in Betdaq, you can use:
- Bank cards (MasterCard, VISA);
- Bank transfer/cheque;
- Payment systems (Skrill, NETELLER, PaysafeCard, PayPal).
The minimum deposit amount is £10 (equivalent in the account currency), and the maximum deposit amount is unlimited. Terms of enrollment – immediately. The commission for deposit is 0%, for credit cards and 1.5% for PaysafeCard – 2.5%.
You can withdraw money from your Betdaq gaming account:
- to credit / debit cards (VISA, MasterCard);
- bank transfer;
- to e-wallets (Skrill, NETELLER, PayPal).
- The minimum withdrawal amount is £10, and the maximum amount is unlimited. Transfer time for EPS – within 24 hours, for plastic cards and to a Bank account-1-5 days.
If you make transactions using credit cards, Neteller, Skrill payment systems, you can take advantage of generous cashback of 50% up to£ 1000 from the commission. Customers can receive their commission back in their first month. T&C’s apply to this “commission back” offer.
Betdaq exchange bonus
There are bonuses to enjoy a full gaming experience like other betting exchanges. For instance, for those who like free bets, Betdaq has it all: free bets of various types and wagering requirements are here for you. You can check out the Betdaq bonus system in a separate section on the site: besides free bets, it includes cashback, deposit bonuses, boosted odds, and insurances. Besides, there are some special private bonuses available for particular users: you receive personal notifications about them. However, Betdaq may limit each user from participating in promotions, and the promotions themselves are limited to one account per person, family, household address, email address, and a credit card number.
Bonus on your first bet or welcome bonus
For new customers, Betdaq offers a bonus of 10 pounds on the first bet. Not all players can participate in the welcome bonus, but only residents of certain countries. The promotion is valid for 14 days for betting and seven days for betting on the stock exchange.
- Freebet for 10 euros. Enter the promo code BDQ10 when you register as a new customer. If players make the first bet of at least 10 euros at odds of at least 2.0 and lose it, the money is returned to them in the form of a free bet.
- Cashback for 1000 euros. New players can get their cash back on commission within a month, provided they enter the DAQBACK promo code during registration. The maximum amount you can claim is 1000 euros. You can take the option of 50% commission back for the first three months.
- Bet 10, get 10. It is a much better bonus for new customers. To enjoy Bet 10, get 10 -just enter the promo code BDQ10 when registering with Betdaq.
- Free bet. And again here is an offer to new customers. If during registration, the user keeps the promo code V1010 and bet at least 10 euros on an odd of at least 2.0, Betdaq will return the money to the account in the form of a free bet, but on the condition that the bet is lost.
All these bonus programs are seasonal; so we recommend you check current promotions on the operator’s official website.
Betdaq Mobile app
Betdaq mobile app allows you to log in using your fingerprint and place bets, including live, making it quick and convenient. They replicate the entire functionality of the main site, including video streaming, graphics, visualization, multipliers, and instant withdrawals. Besides, you get £25 in free bets if you register via the app.
Mobile betting in the Betdaq app is:
- Bet In-Play across a wide range of sports;
- Live video broadcasts for horse racing;
- Advanced football, horse racing statistics;
- The betting speed is approximately one second;
- Unique search function;
- Virtual sports have events every minute;
- Wide range of settings.
The appeal of this betting exchange platform is a small commission on winnings (up to 2-5%), no highs and solid odds, great customer experience. Betting with Betdaq is safe. The drawbacks are low liquidity for many events, unavailability for residents of many countries – including the lack of a multilingual version of the site, and various payment methods. Compared to the Betfair betting exchange, the Betdaq exchange has several advantages. Betfair and Betdaq both share the betting market and play an important role.
Overall, Betdaq is more suitable for a sharp bettor than those who only learn the world of betting: gambling on the exchange requires some advanced skills. However, if you are ready to try this format, choose the exchange wisely: probably Betfair, the main Betdaq’s competitor, will better suit you?
Comparing Betdaq with Betfair, we must first say that both of them are top-notch companies. Betdaq has its strong sides, as long as Betfair does. However, Betfair offers a much better commission rate: while Betfair’s fees start from 5%, betting at Betdaq implies 0%-2% commission. However, Betfair’s coverage might seem more exciting for sharp bettors: it involves more exotic markets for the same sporting events. Besides being a larger exchange, Betfair.
Betdaq does not have a public Premium Charge for winning customers, but finding alternative rates for winning punters is possible.
To increase the amount of money, send an email to technical support requesting the amount to which you would like to increase your limit, attach a copy of your photo ID and a utility bill in your name. Depending on how the user passed the previous checks and how long they use the site's services, the limit may be increased.
Last updated on 04 May 2022 - 14:58