With a sign up bonus package to sweeten the deal, all customers can benefit from a 2%-5% commission rate on all markets.
It is not very common to get surprising bonus offers at betting exchanges - at least we’re not used to it. Betdaq do have some very interesting ones though. The pick of the bunch however is their £/€30 free bet for new sign ups. When you have earned your first four commision points, your account will be credited with your free £30 bet!
How The Betdaq Sign Up Bonus Works
- Enter the Betdaq Promotion Code on the registration page when you sign up
- When you earn your first four commission points, you will be credited with a free £30 bet
- 1 commission point is earned with every £25 won or lost on settled exchange markets
- Commission points earned within the first six months of the opening of your account will qualify for this Betdaq bonus
In addition to the free bet offer, betdaq is also providing a very low 3% commission for new members plus a 50% refund on their first 3 months play. To qualify for the 50% refund deal, players must use the bonus code when signing up and will then receive their cash refund of any commission paid during the first 90 days after opening an account.
What You'll Find In This Review
- Signing Up
- Betdaq Betting Markets
- Live Streaming
- Betdaq Mobile
- Customer Service
- Tools And Features
- Frequently Asked Questions
- Our Expert's Verdict
1. Betdaq Review
When Betdaq first emerged into the betting scene it had an uphill struggle trying to wrestle Betfair out of its position of power, gained deservedly for merits of originality as they filled in a vacuum in the industry. Betdaq was not an innovative idea but an attempt at trying to improve what was already there.
The only way any other betting exchange could overthrow Betfair was of course to offer lower commission rates. In trying to get the biggest share of the cake possible Betdaq did start out with what looked like an irresistible offer to potential customers – customers can get down to a 2% commission rate charged on all markets. That could indeed gather the crowds. After all a betting exchange could exist only if punters were flocking to it in numbers.
Eventually, the low levels of commission were unsustainable and Betdaq’s advantage, the one they had prided themselves with in order to appear prettier than Betfair, was reduced to null.
The tabs at the top of the page will hint at this but we have to emphasize it. Betdaq is not just a betting exchange. They deal with much more and in fact you can also bet just like at a normal bookmaker when you click on 1Bet. 1 Bet is the bookmaker within Betdaq. The markets will more or less be the same you will find at the betting exchange but of course here you only get to choose the one option offered at the fixed odds price.
Some may say it does defeat the purpose of having a betting exchange, and in a way it does conflict with it but it seems to be appropriate for Betdaq to try and offer enough for it to be the players’ one-stop betting shop.
The aforementioned big ‘M’ stands for ‘multiples’. You can combine bets into betting slips to get bigger odds and payouts just as you would at any other bookmaker.
Besides, there are also the Poker section and the Games section so they really do try to provide all different kinds of gaming experiences for their customers.
2. How To Sign Up With Betdaq
Creating a Betdaq account is incredibly simple. Click on one of the links found on this page and you will be directed to the Betdaq site. Complete the registration form, filling in your personal details, address details and account details and then click Open an Account.
The last box to fill in at the bottom of the page asks for a Betdaq Promotion Code.
From here you will be directed to the deposits page, where you can view your account details as well.
3. Betdaq Desktop Site
Purple is the Colour
It is a very similar layout to the one we are used to at Betfair. The colours are different but the menus are on the left, market explanations and rules on the right. At the centre of the screen you will get the all too familiar ‘back’ and ‘lay’ squares showing odds and stake as bets get matched and new ones offered. A difference you will notice is a big ‘M’ thrown in there, that’s the Multiple sign and we will talk about that later.
What we really are after though is not the looks. We are not that superficial. What we want is, erm, a bigger payout. So do Betdaq offer us a better deal moneywise? You can find out in this section.
As touched upon earlier, Betdaq isn't just a betting exchange. For fans of backing and laying odds, Betdaq offer a variety of markets in which to make profit from:
|Betdaq Betting Markets|
|Horse Racing||Soccer||Greyhound Racing||Tennis|
|Cricket||American Football||Golf||Rugby Union|
|Rugby League||Baseball||Darts||Formula 1|
Not the most comprehensive list of sports betting markets, but still Betdaq offer the most popular sports and odds, such as Betdaq football odds, to bet on. There is some criticism that high stakes bettors may not find much joy with Betdaq, with many punters still preferring to use Betfair, but Betdaq do allow a lower minimum stake plus odds that can more than rival those from their fellow betting exchange (to compare odds, visit Smartbets).
Backing and laying a bet is easy to do. Simply click on the odds you want to back or lay, and your selection will appear on the right of your screen. Back is labelled orange and Lay is in green.
For guidance when betting on any sport, read our bettingexpert How To guides. In these guides we will discuss the best strategies to make consistent profits, whether you're backing or laying odds and much more.
5. Betdaq In-Play Betting
Live betting is growing in popularity, and is vital to betting exchanges. Betdaq's live betting is easily accessible via the Live Bet tab at the bottom of the screen. Here, you will find a list of the current live events with odds to back or lay, then press submit.
6. Betdaq Live Streaming
Unfortunately, Betdaq don't offer live streams of any sports or events on their desktop site, but live streaming is available via the Betdaq Mobile Betting App. If you want to learn more about bookmaker live streams, read our detailed bettingexpert guide.
7. Mobile Betting
Betdaq have released their downloadable app so you can back and lay odds wherever you are! The app is available via Android and AppStore. For Android devices, visit betdaqandroid.com or text 63333 (UK users) or 51155 (Ireland users). For Apple devices, visit the AppStore or text 63333 or 51155 for download details.
The Betdaq mobile app offers extra features to the ones you have at your disposal on the Betdaq website. Live streaming of certain events is available via mobile, as is Proform Race Guides and Betdaq Exclusive Mobile Odds.
8. Help And Support
There are a variety of ways you can get in contact with the Betdaq Customer Services team if any issues arise. Live Chat is a possibility, but frustratingly it's not always available. There is also the option to call, the Betdaq telephone number is found in the Call Us tab in the Help section. Email and fax addresses are also found here.
What makes Betdaq's Help Centre more impressive than many other bookmakers is the 'Ask A Question' facility. Click on this section and a form will appear for you to fill in your details and raise whatever issue you're experiencing.
Even more than this is the facility to type in your question or query in the Help box and a list of related topics appear. This, coupled with an extensive FAQ section means that any issue you may have can be quickly resolved.
9. Deposits And Withdrawals
There are a variety of ways you can deposit into and withdraw from your Betdaq account. These are:
- Debit Card
The Debit Cards accepted are Visa Delta, Visa Debit, Visa Electron, MasterCard Debit and Maestro. There is no fee for depositing or withdrawing via these cards. Processing time when depositing is instant, the minimum deposit is £10. Processing time when withdrawing is 24 hours. The minimum withdrawal is £10
- Credit Card
The Credit Cards accepted are Visa and Mastercard. There is a fee of 1.5% when depositing via this method. Processing time when depositing is instant. The mimimum deposit is £10.
The eWallets accepted are Neteller, Skrill and PayPal. There is no fee applied by Betdaq when depositing or withdrawing via any of these methods. Processing time when depositing is instant, the minimum deposit is £10. Processing time when withdrawing is up to 24 hours, the minimum withdrawal is £10.
Bank Transfer and Cheque are both acceptable depositing methods. There is no fee applied by Betdaq when using these methods. Processing time when depositing via bank transfer can range from 1-5 days, and via cheque 5-10 days. The minimum deposit via both of these methods is £10. You can withdraw via bank transfer, the processing time for which is 1-5 days and the minimum withdrawal is £10.
10. Tips And Rewards
If you are looking around for ideas or promotions linked to current sports events they have a neat section set up just for that and being updated constantly. You will find a few tips that may help you out with some bets. At times you can also get involved in some quick competitions they will be promoting in there.
As for rewards Betdaq also have a dedicated section much like our BE Store. It is called the Rewards Store. You collect points which you can then trade for cool stuff which you will certainly enjoy. The store shelves currently display, amongst others, a collection of wine bottles and a television set.
11. Betdaq FAQ
What Commission Does Betdaq Charge?
Commission is charged based on the net winnings of customers. If a customer makes a net loss, no commission is charged. Commission starts at 5%, but this can be lowered to 2% depending on how many commission points you've earned over a period of seven days. Each £/€25 bet will give you one commission point.
What Are Betdaq Commission Points?
Exchange Commission Points are given the more money you stake. The more commission points you earn, the less commission you pay on your winnings. This is done on a weekly basis. One commission point is given for every £/€25 bet won or lost across exchange markets.
Is There A Betdaq Twitter Page?
Yes, Betdaq are on twitter and this is accessible either through the Betdaq website or you can click here to view the latest Betdaq news on twitter.
What Other Betdaq Promotions Are There?
There are a variety of Betdaq promotions available to help you make a profit on your betting. As well as the two promotions we discussed at the top of this page, Betdaq also offer Virtual and Casino promotions. Also, once you've created your Betdaq account, you will occasionally receive a free bet. You can find out if you have a free bet and the conditions attached via your Account section.
What Is Betdaq XSP?
XSP means Exchange Starting Price. On selected markets, Betdaq will give customers the option to place bets that are not matched on the exchange
What Sports Teams Do Betdaq Sponsor?
So is it the ‘new and improved’ Betfair? The 5% going down to 2% commission rates they currently charge is tempting and realistically it should get anybody with no Betdaq account yet to sign up and take full advantage of it. As long as these charges last they have to be the more advantageous betting exchange out there for us punters. So bet and lay like crazy until the dream lasts. Hopefully more will join the Betdaq community and we will finally have a real alternative to Betfair in the long run.