Review of Betdaq
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 get up to £1,000 cash back for your first 30 days as a welcome bonus. Click below to claim either bonus now.
- Up to £1,000 cash back.
- Second largest exchange.
- 3.5 star rating.
- Back & lay selections.
- In-Play as standard.
- Licensed in the UK.
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:
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
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.
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
|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.
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 12:30pm Premier League KO’s – Pay 0% commission on any bets placed on English Premier League games which kick off at 12:30pm. T&C’s apply.
Up To £1,000 Cash Back Bonus
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 of up to £1,000 cash back on commissions for 30 days when they join and use the correct Betdaq promotion code:
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: DAQBACK
5) As soon as you make a real money deposit you’ll have 30 days worth of free commissions on the exchange.
Note: If you’d like to check out a better bonus deal at a regular bookmakers then we recommended reading our Bet365 review – they currently offer the industries biggest bonus and we’ve given them a 5 star 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 – 3.5* Grade Explained
You’ll notice that we opened up our Betdaq review by awarding them a 3.5 star rating out of 5 stars. We grade all the sites we review on CheekyPunter.com and the grades range from 5* right down to 0* – 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 3.5 rating overall.