Betdaq Review

Review of Betdaq

Editors Note:

Betdaq are the world’s second biggest online betting exchange and in this review we’ll cover how they compare to the biggest exchange out there (Betfair) and what features the site has to offer punters.

As a new customer at Betdaq you can claim a £25 free bet welcome bonus or if you prefer you can choose to have 50% of your commission back for the first 3 months you’re a member. Click below to claim either bonus now.

Site Grade: B

  • £25 FREE bet bonus.
  • Second largest exchange.
  • B rated site.
  • Back and lay selections.
  • In-Play as standard.
  • Licensed in the UK.

CLICK FOR £25 FREE BET!

T&C’s apply.

Full Bookmaker Review

Below you will find out full review. It covers various different aspect of what is the world’s second most popular betting exchange. The links under this text can be used to navigate your way quickly to individual parts of the review:

License Contact Betdaq Main Review
Betdaq Banking Options Current Promotions £25 Free Bet
B Grade Explained Betdaq Promotions Code (different page)

License Information

Betdaq is licensed and regulated by the United Kingdom Gambling Commission (License Number 003367), therefore they are obviously a reputable company to use, regardless of the sport that you like to bet on. The fact that they are regulated by this organization means that they must:

– Ensure that all of the actions of the site are completely fair and unbiased.

– Make sure that those under the legal gambling age are unable to bet on the site until they are of an age whereby they understand the associated risks.

– Provide anyone with problems related to gambling with assistance and advice regarding how to sort out their issue.

Betdaq Contact Information

Name: Betdaq

Website: http://www.betdaq.com/

E-Mail: helpdesk@betdaq.com
Customer Services: 0870 1781 021

Fax: 353 1 673 3396

Address: Global Betting Exchange Limited, IFSC House, Custom House Quay, Dublin 1, Ireland
Post Code: n/a

Review of Betdaq Markets

Betdaq are certainly not one of the better known names in the world of UK online gambling, but they do punch well above their weight when it comes to the amount of different markets that they offer. Although they don’t have as many as the “big boys” they still provide more than enough to keep even the most serious gambler interested. Liquidity can however be a problem with less popular events. The sports that they offer are:

Soccer, horse racing, tennis, golf, cricket, greyhound racing, American football, basketball, boxing, formula one, darts, GAA, ice hockey, MMA, rugby league and rugby union. Aside from these, they also have a large list of “special bets” that you can use, ranging from the BBC Sports Personality of the Year through to the winner of X Factor.

As can be seen, the selection isn’t massive and if you’re a high stakes punter then you’re not going to be pleased with the amount of money available to back and lay on different events – honestly most exchange bettors would be better off using Betfair.

Betdaq is better used as a secondary exchange. More of a backup for Betfair. The bigger the event the more liquidity you’ll see at Betdaq so for things like Premier League football you won’t find a problem. As soon as you start sifting through their less popular markets problems start to arise and in many cases you’ll struggle to get a large wager matched.

In-Play Review

Live review of Betdaq markets

Well Betdaq wouldn’t be a exchange if they didn’t offer live odds and the chance to both back and lay selections whilst the event is taking place. A list of the markets which will be turned in-play can be found do the right hand side of the Betdaq website. Clicking the market will take you to a screen where you can bet the odds live.

Once again though, whilst the selection on offer is decent, liquidity is poor and you can’t guarantee to get your back or lay bet placed. We’ve said it before but just to reinforce the point… You’re better off using Betfair– check out our Betfair review here.

Betdaq Deposit Options

Method Fee Time Scale Deposit Withdraw Limit
Maestro £0 Instant Y Y £10 – £5000
Delta £0 Instant Y Y £10 – £5000
Solo £0 Instant Y Y £10 – £5000
Visa Electron/Debit £0 Instant Y Y £10 – £5000
Laser £0 Instant Y Y £10 – £5000
Visa Credit 1.5% Instant Y Y £10 – £5000
Mastercard Credit 1.5% Instant Y Y £10 – £5000
Bank Transfer £0 Instant Y Y £10 – No Max
Cheque £0 Instant Y Y £10 – £5000
Neteller £0 Instant Y Y £10 – £5000
Moneybookers £0 Instant Y Y £10 – £5000
Paysafecard £0 Instant Y Y £10 – £5000

*All max deposit amounts are per day.

Click here to deposit now at Betdaq & claim a £25 free bet!

Current Betdaq Promotions

As you would expect from any online gambling site, Betdaq offers promotions in order to attract more people to the site. The promotions on offer at the time of writing are listed below, however they might not exactly float your boat:

0% Commission on Premier League – Pay 0% commission on any bets placed on English Premier League games which kick off at 12:45pm for the 14/15 season.

Free Entry To Kempton Park – Betdaq members can get free entry to Kempton Park race course on selected dates. To view dates visit promotions section of Betdaq website.

Betdaq £25 Free Bet

Betdaq are an online betting exchange and as a result they’ve structured their bonus offer a little differently to the majority of bookies out there. They are giving all new customers the chance to claim a £25 free bet when they join:

Here’s how to claim:

1) Visit Betdaq by CLICKING HERE to get started (link will open in new tab)

2) When you hit their landing page click either the ‘Join Now’ button to get started.

3) You’ll be taken directly to the registration form where you need to fill out your details.

4) When you get to the promotions code box use code: FB2515

5) Now you need to earn 4 Commission Points to release your bonus. You get 1 point per £25 wagered on the exchange so after you’ve wagered a total of £100 your free bet is released.

Click here to claim your £25 FREE Bet at Betdaq right now!

Note: If you’d like to check out a better bonus deal at a regular bookmakers then we recommended reading our Bet365 review – they offer up to a £200 deposit bonus for new customers and we give them an A+ rating.

T&C’s apply to the above offer (most important listed here: Betdaq free bet). For full conditions after step 1 hit the ‘terms and conditions’ link at the bottom of the page.

Review – Grade B Explained

You’ll notice that we opened up our Betdaq review by awarding them a B grade. We grade all the sites we review on CheekyPunter.com and the grades range from A+ right down to F – find out more about the individual grades via our ‘Reviews’ section.

We acknowledge that giving a site a grade and not providing any explanation for that grade is useless to our visitors so in this section of the review we’ll be telling you why we’ve given Betdaq a B and what they could do to move up the rankings.

There is a serious problem with liquidity at Betdaq and by this we mean the amounts available to back and lay on individual events. The reason for this is simply that they don’t have a large enough customer base and until they do they won’t improve. People are put off by this so it’s a bit of a catch 22 situation for Betdaq – for the regular exchange bettor Betfair is just a much better option.

Aside from the major downside that is the liquidity at Betdaq they’ve done a decent job with their brand. They are offering a decent bonus which rewards active participants on the exchange, they are regulated within the UK which means your money will be safe and secure with them and you’ll often find better odds at Betdaq than you will with traditional bookmakers who tighten the markets to ensure a profit (Betdaq don’t need to do this as they just facilitate bets between different people).

The promotions running don’t really deliver long term value at Betdaq and that coupled with the above has meant they can only really achieve a B rating overall.

Summary
Date
Reviewed Item
Betdaq
Rating
3
the Cheeky Punter

the Cheeky Punter

The Cheeky Punter is an professional online sports bettor and trader with over 15 years of experience in the industry. He has worked for a number of top bookmakers including Ladbrokes, William Hill and Coral. He's also written for a number of leading news outlets including the Guardian, i (newspaper) and Soccer Lens. More about him here.