BetDaq is the second largest betting exchange behind industry leader Betfair. Betdaq has recently reduced its commission rates to undercut Betfair, therefore giving punters better odds than Betfair as well as better odds than traditional fixed odds betting. The BetDaq betting exchange has one of the widest selections of markets available and has the infrastructure of owners Ladbrokes as well as a decent welcome offer for new betting exchange betters.

Compare Betdaq To Alternative Betting Exchanges

Betdaq Review

Betdaq was founded in 2000 by Irish businessman, Dermot Desmond, and started trading in September 2001. Since then, the business has grown to become the second-largest betting exchange operator in the UK.

As well as offering betting markets on a wide range of international sporting events, handling more than £75 million worth of bets each week, Betdaq is also the largest betting exchange technology provider in the world and operates several sports betting brokerages and websites.

The concept behind Betdaq is that it brings gamblers together from around the world to bet against each other, rather than use the odds set by a bookmaker.

BetDaq Review Good Points

  • Discounted commission of 2%
  • Good range of markets to bet on
  • Decent free bet for new punters

BetDaq Review Bad Points

  • Liquidity not as good as Betfair
  • Welcome offer not as good as Smarkets
  • Not a stand-alone betting exchange

Betdaq Betting Exchange

The introduction of betting exchanges has revolutionised the way people bet, with more ways than ever before to gamble on certain outcomes or events. The Betdaq betting exchange allows people from across the globe to buy bets or sell bets from one another, rather than use a traditional bookmaker. This means, that the prices you get are often more generous, but Betdaq do charge a small commission on all winning bets for this service.

The Betdaq betting exchange also allows you to lay bets, which means you can bet on an event or outcome not happening. This gives you have the chance to be the bookie and make money from other people’s losing bets.

Betdaq betting tips

Betdaq has a dedicated page that offers tips covering a range of sports, but with an emphasis on football and horse racing. There are daily articles added to the tipping page with expert tipsters explaining what they advise you to bet on and their reasons behind their thinking.

Two of these experts, Daqman, and Shamrock, post daily tips that concentrate on horse racing and they enjoy a credible success rate. And there is a specific page that tips horses based on the statistics of previous races. Away from horses, there are also dedicated football tipsters, with Multiman offering weekend and midweek doubles and trebles to follow.

Betdaq Mobile betting

Betdaq is available to mobile betting users. You can download their exchange and sportsbook betting apps from Google Play or the Apple App Store, which allows you instant access to all the markets you would fine on their website.There is a separate app available for Android and iOS devices, with the service on either platform being very easy to navigate through.

As well as being able to bet on the sportsbook or exchanges, added features you can operate while mobile betting include access to live streaming of events, race guides and games to play. All usual payment methods can also be used on a mobile, such as Visa, Mastercard, PayPal, Skrill and Neteller.

Betdaq casino

The Betdaq casino is available as a desktop version where you can quickly connect to their promotions and games, as well as being downloadable through their mobile application. Many of the games on offer are powered by some of the leading names in the industry, such as Play N’ Go, Net Entertainment and Playtech.

Games available include blackjack and roulette, or you can play themed slot games such as Bejewelled, Wonder Woman, and Family Guy. The casino also allows you to bet on virtual horse and dog racing too. The casino area is what you would expect from a leading provider, with new games and features always being added.

Betdaq promo codes

Betdaq offers some very generous bonuses that come with promo codes so you can take advantage of them. However, some bonuses can only be released after fulfilling wagering requirements. Some promotions that have been offered include getting up to £1000 cashback after placing a first bet on the exchange or sportsbook or getting a £10 bonus bet for wagering on an outcome at odds of 2.0 or more.

As with any deal involving promo codes, always read the terms and conditions to ensure you know what needs to be done to fully enjoy the promotion, but Betdaq are generally very generous.

Betdaq welcome offers

Nowadays, receiving a welcome bonus or signing up to a bookmaker for their welcome bonus is the norm in the gambling industry, and Betdaq are no different. They offer some excellent welcome bonuses for signing up with them, so it is worth taking them up on the offer.

One such welcome offer is a £10 welcome bonus where you are asked to bet £10 to release an extra £10 for you to use to bet with, effectively allowing you a free £10 bet. This is quite generous in the sports betting industry, but it is worth keeping an eye out for even more lucrative welcome bonuses, especially around major sporting events such as the Cheltenham Festival, or Grand National.

Betdaq Sportsbook

Betdaq offers a very comprehensive sportsbook, which covers markets across a wide range of sporting events around the world. On any given day, there could be over 16,000 betting options to explore, which is very competitive compared to their rivals.

The range of sports to bet on include horse racing, football, golf, tennis, cricket and many more. They also have specific markets for large events such as the Euro’s, World Cup, Grand National and Masters.

The main difference between using the sportsbook compared to the exchange, is that the sportsbook only offers odds set by Betdaq. You also don’t have the option to lay a bet on the sportsbook and would need to visit the exchange to be able to do this.

Betdaq commission

Betdaq charge commission on winning bets on their exchange, but not on any losing bets. They charge a flat 2% commission fee to customers on all exchange markets covering horse racing, football, greyhounds, cricket, and all virtual markets. For all other sports, there is 0% commission charged and this is sometimes extended to all bets during certain high-profile events, such as the Cheltenham Festival.

These rates are generally the lowest you’ll find compared to some of their competitors.

Betdaq also award commission points to customers based on one exchange commission point being earned for each £25/€40/$40 that is won or lost across the exchange markets. However, points have no cash redemption value at any time.

Betdaq horse racing

Betdaq offers an incredible range of horse racing markets that cover daily meetings and all the major events. With racing covered from courses around the world, there will be markets open to bet on every few minutes, 24/7.

The odds offered on the sportsbook are competitive compared to their rivals, with odds slightly better on the exchanges if your offer to buy or sell a bet is accepted. You can also bet on a horse not to win a race on the exchange by laying it.

Other advantages of the horse racing area are live streaming, a full results service, the ability to watch racing replays, daily tips from Betdaq experts, and detailed race cards.

Betdaq football

Betdaq offers a wide range of football, or soccer markets covering games and leagues from around the world. Markets cover daily fixtures as well as in-play betting where you can bet on outcomes as the action happens. The odds offered on the sportsbook are very competitive compared to their rivals, and you can find slightly better odds on the exchanges.

As well as daily fixtures, there are also markets specifically targeting large events and competitions, such as the Champions League, Premier League, World Cup and Euros. Again, expert tippers provide selections that you can follow, with in-depth information on form and previous head-to-heads.

Betdaq cricket

Betdaq offers a good range of cricket markets to bet on, including in-play markets. They cover both domestic and international fixtures, across all forms of the game including T20, ODI and Test matches.

Some of the biggest markets they concentrate on are for the big tournaments, such as the Indian Premier League (IPL), and Australia’s Big Bash, and they also cover domestic cricket in England. As with the other sports Betdaq include, there are more markets open when international tournaments, such as a World Cup, take place.

Cricket markets are available on the sportsbook and the exchange site, with odds being very competitive compared to their rivals.

Betdaq free bet

Betdaq usually offer a free bet as part of their welcome package, such as place a first bet of £10 and get £10 free when you bet the money at odds of 2.0 or greater. This will be available once you have registered with Betdaq and used the promo code available.

As with other online betting sites, there will be occasions when free bets are offered to use on specific events or during tournaments, and details of these will be provided in the promotions area of the site, or via email if you sign up to receive them.

Betdaq matched betting

Matched betting is a technique you can use to make a profit from the free bets and incentives that are offered by bookmakers. It is based on the use of a set of mathematical equations rather than left to chance, so is considered risk-free in theory.

At Betdaq, you can take a free bet offer and lay it back on the exchange to lock in another bonus whatever happens. To help their customers, Betdaq has teamed up with Profit Rush, a free matched bet service who provide step-by-step educational videos and articles to help you make a profit.

Betdaq champion hurdle

The Betdaq Punchestown Champion Hurdle is one the biggest races held in Ireland during the Punchestown Festival, which takes place every year in April or May. It is a Grade 1 contest that is run over two miles with a prize pot of €300,000 on offer.

Although it wasn’t run in 2020, there have been some famous horses win the race in the past with many of the winners having already taken some honours at the Cheltenham Festival weeks earlier.

Previous winners have included Buveur D’Air, Supasundae, Wicklow Brave, Vroum Vroum Mag, Faugheen, and four-time winner, Hurricane Fly. Trainer, Willie Mullins has also trained the winner seven times since 2010.

Betdaq payment options

Betdaq offers a safe and secure process for depositing money into your betting account. Like most of their rivals, they use all the standard methods, such as Visa, MasterCard, Delta, PayPal, and eWallets like Neteller and Skrill.

There’s no fee for using a debit card, with the maximum amount allowed to deposit in a day being set at up to £5,000. For e-wallets there is a small fee to be pay. The minimum deposit is £10, and the maximum depends on the payment method used.

Betdaq also use the very best encryption software to ensure all transactions are done securely.

Betdaq withdrawal options

Betdaq’s preferred way to make payouts to honour withdrawals is by using a debit card, accepting cards from the likes of Visa and MasterCard, as well as Skrill and Neteteller. They will also make payments to PayPal and via bank transfer. There is no withdrawal fee for any of the methods on Betdaq and withdrawal times will vary from one method to another.

Debit cards can take one to five working days for the money to hit your bank account, but with Skrill and PayPal, payments are usually received within 24 hours. Similarly, a bank transfer can take a minimum of 1-5 working days.

Betdaq versus other betting exchange

Although Betfair is the biggest name in the betting exchange market, Betdaq compares very well against its main competitor. Betdaq offers better commission rates at 2% or 0%, compared to Betfair’s 5% rate, but when it comes to markets and odds, Betfair does slightly have the edge on Betdaq.

When comparing the betting exchange reliability, Betdaq has been found to be a more stable site, whilst Betfair has a history of site crashes which can impact on the overall experience. Both sites do offer live streaming from all UK courses, but Betdaq only have race replays from 25 courses.

When comparing Betdaq with Matchbook and Smarkets, Betdaq is superior and deserves its place as the second biggest betting exchange on the market.

Betdaq Review FAQs

Does betdaq have a premium charge?

A premium charge is something a betting exchange platform can add for winning customers, so the more you win, the more charge the platform tends to add. Betdaq do not have a premium charge.

What is betdaq?

Betdaq is a platform that offers a sportsbook and betting exchange service that has a wide range of markets to bet on covering many domestic and international sports events.

Who owns betdaq?

Betdaq was originally founded in 2000 by Dermot Desmond and began trading in 2001. The company was sold to Ladbrokes for €30m in 2013 and is headquartered in Gibraltar.

How to use betdaq?

You can back and lay bets in the Betdaq exchange with a full list of sports to bet on available down the left-hand side of the screen.

Does betdaq go down?

Although Betdaq work tirelessly to ensure the site is available 24/7, there have been incidents of the site going down. This has been on minimal occasions.

What is betdaq commission?

Betdaq charge a flat 2% commission on winning bets on markets covering horse racing, football, greyhounds, cricket, and all virtual markets. On all other sports, there is a 0% commission charge which is sometimes extended across all bets during high-profile events.

What is the minimum bet on betdaq?

Although some sportsbooks have a minimum stake that can be placed on a sports betting market of just 5p, the minimum bet allowed on Betdaq is 50p.