Betdaq is a betting exchange platform, second in popularity after the undisputed leader Betfair. The main difference between the two websites, though, is that Betdaq charges a 3% commission rate while Betfair charges 5%. Betdaq was founded back in 2000 and is owned by Global Betting Exchange, with registration in Ireland. Currently, Betdaq is operated by Ladbrokes International plc. The bookmaker is licensed by the United Kingdom Gambling Commission. The UK is very strict with their licenses, which means Betdaq is a very reputable company. Aside from reputation, the bookie has to make sure all of the betting is fair and keep away children and teens under 18 years old. Betdaq is a betting exchange website, which means they enable their customers to face off and bet against each other. The plus of this system is that there is no financial risk for the company. The downside is that the winnings of the players depend on the current liquidity of the events. This system often means the odds are much better than the odds on bookmaker websites. Betdaq is in the top 100000 most visited websites in the world and top 7000 in the United Kingdom. The majority of their customers come from the UK and India.
Betdaq is probably the best online betting exchange if you want to win from horse racing. They cover both the UK and Irish events and offer a nice bonus to all newcomers. Horse racing is not everything Betdaq offer, though. The sportsbook consists of 21 sports and a Politics section:
- Horse Racing
- Greyhound Racing
- Rubgy Union
- Rugby League
- American Football
- Ice Hockey
- Formula 1
- Australian Rules
- Virtual Sports
As you can see, the selection is generous and allows for an excellent variety of betting opportunities. The website offers live betting as well. There is a special section called Multiple Bet which allows players to create tickets with multiple events on them, skyrocketing the odds if they manage to guess everything right.
What surprised me the most was the Virtuals section. It is an exquisite betting experience. You have a live streaming service of a 3D horse racing track, full with commentary. You can bet on any horse you want and if your horse wins, the stack of money people bet on other horses is yours. The virtual horse racing is quite exciting! The races happen without downtime.
Betdaq offers a small casino section with over 50 games. Yes, the games are less than the websites that focus on the casino, but they are enough to keep a gambler’s interest. The games range from blackjack, roulette, slots and arcade games to virtual sports and progressive jackpots.
And speaking of prizes, Betdaq has a Colossus section. This section is full of jackpot opportunities. The constant ones are the Colossus – 10 000 000 GBP for 7/7 guesses on certain events, 1X2 Pick15 with 1 000 000 GBP for 15/15 1X2 bets and the Millionaire – 2 000 000 GBP for 6/6 guesses on chosen events. Aside from these three, there are various smaller opportunities every day. For example some of the options are – Pick 4 Correct Score for 30 000 GBP and Pick five 1X2 for 2000 GBP. The small jackpots are day-to-day offers and change every week.
The odds on Betdaq are bigger than bookmakers’ since it’s a betting exchange. Sadly, the liquidity is still not up to par with Betfair, but it’s slowly getting there. Players can bet on a draw no bet, Asian handicap, Under/over goals, correct score, half-time/full-time, both teams to score, odd or even, total goals and team to score first. All in all, the odds are magnificent with varying winnings. The minimum bet is set to 0.5 GBP while the maximum varies. Betdaq does not limit the daily or weekly winnings.
Security and Customer Service
Betdaq utilizes a VeriSign certified SSL encrypted connection. Your money and personal data are in good hands. The client service team handles problems and inquiries every day from 10 am to 11 pm CET. You can reach them by telephone, e-mail and live chat.
Deposits and Withdraws
Depositing to Betdaq is easy, just use one of the following – Bank Transfer, Mastercard, Visa, Cheque, Debit Card, Skrill or Neteller. Withdrawing funds from your account is just as easy – Bank transfer, Credit cards, and debit cards. The minimum deposit and withdrawal is 10 GBP/EUR/USD. The accepted currencies are EUR, GBP, USD, and SGD.
Deposit Bonus and Loyalty Programs
The current rewards offered by Betdaq are few, but effective. New players get 50% comm back for the first three months. Also, new customers can get a 20 GBP free bet if they have paid 5 GBP on commission. So basically, if you bet and win over 180 GBP, you are eligible for the free bet. The bonuses for the casino games are of a ladder type. The tiers are 20, 50, 200 and 1000 GBP. For each ladder, you get a premium. The welcome bonus for the casino is 100 GBP. There is one such offer for the slot machines as well – 50 GBP welcome bonus and ladder steps of 20, 50 and 200 EUR/GBP. The gifts are quite generous and can help establish yourself in the virtual casino if you do not wish to deposit much, or are just more interested in the sportsbook.