Betdaq Bonus Code
Customers new to Betdaq are entitled to £30 in free bets when they open an account and specify the Betdaq Bonus Code MAXBONUS. The process involves visiting the website and registering. As part of the registration procedure new customers have the option of entering the Betdaq Promotions Code.
Betdaq is a betting exchange which brings together backers and layers at a mutually agreeable price. Bets may be matched, partly matched or unmatched in which case they can be cancelled or left in the market until a customer on the other side of the transaction takes or gives the desired price.
The Betdaq betting exchange does not make money from the outcome of bets. The business model involves charging commission on winning bets. For some sports and markets commission is as low as 2% of net profit. The site is easy to use and navigate and the odds compare favourably with other exchanges and fixed odds bookmakers. However, the Betdaq range of odds is limited compared to Betfair, the market leader in exchange betting. The site offers a limited amount of payment options and currencies to deposit. Betdaq offer a sign up bonus of £30 in free bets linked to the Betdaq Bonus Code.
Betdaq is part of the Ladbrokes PLC group and is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commission and regulated for bets placed in Great Britain by the British Gambling Commission. Betdaq encourages responsible gambling through social responsibility and allows customers who see a potential problem to set their own limits. The differences between fixed odds and exchange betting means potential losses are greater so there is more temptation to compensate for a poor run of betting by risking more betting funds.
£30 In Free Bets
Sign up bonuses are more common with traditional bookmakers than betting exchanges like Betdaq. This operator offers £30 in free bets for new customers who enter the Betdaq Bonus Code during the registration process. The welcome free bet offer is subject to the following terms and conditions:
- New customers only who login and specify a promo code
- £30 free bet or currency equivalents using the Betdaq Bonus Code
- Input the Betdaq Bonus Code during registration and login
- Earn four commission points
- Receive £30 in free bets
- For each £25 staked 1 commission point is earned
- Points earned in the first six months only count
The welcome offer requires £100 in total to be staked in four stages of £25. The signup bonus is a good offer for new customers but all customers can benefit from commission rates of 2% across the full range of sports and markets. This offer gets a good review on a betting offer review site and a forum.
The welcome offer using the Betdaq Bonus Code is one of several ongoing promotions offered by Betdaq. Betfair dominates the betting exchange market and it’s difficult for late arrivals to the industry to compete in terms of liquidity and markets. If there is no or little liquidity in a better markets bets will not get matched and customers might take their business to sites such as Betfair on which most markets are matched. Therefore, it’s very difficult for a new betting exchange to enter the market and those that do succeed will be in the shadow of Betfair for the foreseeable future.
At the time of writing the following promotions appeared on the Betdaq site:
Welcome Offer 50% Commission Back
New customers are entitled to a refund of 50% of commission they have paid over the first three months of having an account. The most that can be returned is £1,000 and the offer is not valid for existing accounts. Qualifying customers will be refunded 50% of commission in cash up to a maximum of £150 each week and for three months, as long as the total refunded doest not exceed £1,000. The minimum qualifying refund is £10 per week. The refund applies to all commission due since the Betdaq Bonus Code was entered and no back-dated commission will be paid.
Betdaq Games Bonus
New players at Betdaq Games will get a bonus of £30 after the first bet of £10. Customers must register and play for real money on a game. The stake requirement is £10 after that amount has been played customers will be credited with £30 in the form of free bets that can be used anywhere on Betdaq Games. The offer is valid for slots, virtual sports, jackpots and table games of which there are about 150 in total..
Trading Tools Wednesday Bonus
Customers with Betdaq use trading tools which make the backing and laying procedures more simple and easy to operate. The tools can be set to close bets or match bets at a certain price based on what some tipsters suggest. The Tools are sold as add-ons which sit on top of Betdaq’s software and automate gambling considerably. Users of trading tools will receive a commission refund of 50% up to a maximum of £150 every Wednesday. In order to take advantage of this promotion the Betdaq Bonus Code must be entered.
Betdaq is a betting exchange where backers and layers can place bets on a range of sports. The following are the most popular sports for matching bets and paying commission on winnings:
- Horse racing
- Greyhound racing
- Rugby union
- Rugby league
This list is not the most comprehensive and Betfair and some fixed odds bookmakers offer odds for over 50 sports. However, the main betting sports are covered, even though the range of leagues and markets does not come neat that of Betfair. Low liquidity means big staking customers will not get their bets matched and will take their business to Betfair. There are most leagues and markets for football and the English Premier League is the most popular for betting on the Betdaq site and tipsters.
Matchroom is another betting exchange that struggles to generate liquidity in their betting markets. Bettors at the other end of the scale are catered for with low minimum stakes at favourable odds compared to other betting exchanges. The procedure to back and lay into Betdaq’s sports markets is straightforward and intuitive. Odds are displayed with the amount of liquidity in the back and lay market and unmatched money waiting in a queue is also shown. Betting guides and tips are available for exchange betting.
In-Play and Live Streaming
Exchange betting lends itself to in-play betting because odds fluctuate and allows traders to close a winning position or minimise a loss but the result of an event is known. Customers who place a back bet in a market can then lay the same outcome at smaller odds. Customers who place a lay bet in a market can then back the same outcome at a bigger price. Backing and laying of a bet before expiry is mirrored by the Cash Out option offered by fixed odds bookmakers. Cash out on a betting exchange settles bets so that the same amount is won whatever the outcome.
Betdaq offers a wide range of sports and matches in the live betting environment including live cricket. These events are accessed using the Live Bet Tab at the bottom of the sports screen. A list of the current live events will be displayed with the latest back and lay odds. Betdaq offers live betting for several sports including, football, tennis, golf, formula 1 and darts. However, other exchanges, particularly Betfair, offer many more in-play markets over a bigger selection of sports. For Example, Betfair offers over 100 markets for football matches in the English Premier League, many more than Betdaq.
Betdaq does not provide live streaming of sports events on their desktop site. Live streaming is available through their app for all the most popular devices. When customers can see an event they are more likely to place bets which means Betdaq are at a disadvantage by not providing live pictures of events they make available for live betting. The site does display scores updates but their accuracy cannot be guaranteed are Betdaq are not responsible for bets placed based on this information. Markets are suspended after a key event such as a goal in a football match.
Betdaq have a mobile download app version that is available on the App Store for Apple products and accessed through a browser for Android devices. The mobile download version mirrors the desktop release in terms of the sports, leagues and markets covered. New mobile users can take advantage of the welcome bonus of £30 in free bets using the Betdaq Bonus Code. The major difference between the desktop and mobile apps version is that certain events are live streamed on the mobile release.
Other features that are unique to Betdaq mobile apps include Proform Race Guides and Betdaq Exclusive mobile odds. In 2016 more sports bets were placed on mobile devices than other technologies. A high proportion of these bets are placed on live football games. In-play football on mobiles is dominated by the major brands, such as bet365 in fixed odds betting and Betfair for exchange betting. The lack of liquidity in Betdaq’s in-play football markets limits the amount of traffic to their mobile app and betting turnover, despite the live streaming of some games.
Customers with Betdaq can perform banking tasks using several payment methods. Account holders can deposit and withdraw funds in the following ways:
These debit cards are accepted by Betdaq for financial transactions: Visa Delta, Visa Electron, MasterCard Debit and Maestro. There are no fees associated with these payment methods. The minimum deposit is £10 and funds are available for betting without any delay. The least that can be taken out in one transaction is also £10 and withdrawals can take up to one full day.
Visa and MasterCard credit cards are accepted payment methods. There is a fee of 1.5 of the deposit when using these methods. Processing time using credit cards is instant and the minimum deposit is £10.
The following eWallets are accepted for banking: Neteller, Skrill and Paypal. When using an e-Wallet credit and debit card and bank details are only entered for the first transaction but other cards and bank accounts can be added at a later date. Betdaq does not charge a fee for transaction using these methods and transfers are processed without any delay. The minimum deposit is £10 and the minimum for withdrawals is also £10 and these can take up to one full day.
Customers can deposit funds into their Betdaq account using bank transfer and cheques and both methods carry no fee. The main disadvantage associated with these payment methods is processing times. It depends on the individual bank but deposits through bank transfer can take 1 to 5 days while cheque deposits can take 5 to 10 days. As with the other payment methods the minimum deposit and withdrawal is £10.
Even though the most popular methods are available overall in general there are only a relatively small number of options when transacting with Betdaq. Other exchanges and fixed odds bookmakers offer many more payment methods so Betdaq are at a disadvantage when it comes to banking.
Betdaq offers several methods of acquiring help and support. The Betdaq Customer Service team is available seven days a week from 10am to 11pm CET to assist customers with their questions and issues, related to betting, banking and promotions. Betdaq have a Live Chat contact facility which is fine in theory but the service is not always available and there does not seem to be a pattern to when it is offline. Response times when making contact are no better than average and many queries are referred to superiors.
Customers can also contact Betdaq by telephone, email and fax. Mail can also be sent to Betdaq’a postal address which is in Dublin in the Republic of Ireland but the other methods mentioned are far more efficient and likely to get a prompt response. Customers can also send feedback using an email form and comments box. There is a procedure for lost usernames and passwords and the site includes detailed Terms and Conditions which highlight how issues should be resolved clearly and with no ambiguity.
Bettors who are new to exchange betting mat not fully understand the concepts and have a working knowledge of backing and laying. The Betdaq Help Centre has an ‘Ask A Question’ Facility which is akin to Frequently Asked Questions on other sites. Customer must complete a form with details of the query and submit the form to Betdaq’a Customer Service department. Subjects can be entered into a search facility and the appropriate answers will be displayed. There is also a separate FAQ question that covers many issues which can be quickly resolved and tips.
Overall there is a high standard of customer support but that does not compensate for the limited number of events and poor liquidity in some markets. Technical guides explain the differences between exchange betting and fixed odds betting. Customers also have access to an account queries section which explains match bets and handicap bets. There is no loyalty or VIP programme but partners are paid affiliate commission when they refer a depositing and staking customer to Betdaq.
The Betdaq Home Page has a menu of popular links such as next horse race, odds for the Premier League and in-play betting. There are four options at the bottom of this menu covering the following features:
When the exchange model first appeared it was not possible to place multiple bets which combine a number of options at accumulated odds. The technology was not available to place a lay bet in markets other than singles. Developments over time mean customers with Betdaq can place multiple bets in markets for horse racing, football, tennis, cricket and baseball. A minimum of two selections are required for a multiple bet and the number of legs in a multiple is unrestricted but returns are capped by maximum payouts for each type of bet.
Bookmakers now offer their customers to bet on virtual sports in betting offices and online. Betdaq has virtual events in horse racing, greyhounds, motors, football and cycling. The pictures are better than cartoon in quality but not as clear and sharp for the real thing. Results are based on a random number generator. A profit margin is written into the odds which means there is no risk of the bookmaker losing as they only payback a set proportion of stakes. Virtual events are streamed live with a commentary and graphic which shows the name and number of the horse ahead of the rest of the field.
Betdaq provides updated horse racing results for race meetings in the UK and Ireland. There is very little delay between the outcome of a race being known and the result posted. Users can display results from the last seven days with each day selected from a drop-down menu. The result for each race shows the position, name of the horse, jockey, distance racecard number, weight and starting price. The letter F after the price of the horse indicates if it is the favourite, joint favourite or co-favourite.
Customers must login to gain access to replays of horse racing using their unique username and password. The race to be viewed can be selected from a calendar and the pictures are accompanied by an audio commentary. This facility is useful for form followers who can glean valuable information from how a horse performs and how a race is won. Betdaq’a database of past races is a valuable feature and encourages more betting on racing. Visual interpretation of races can bring about valuable information which can be used when placing bets in subsequent races.
The Betdaq Affiliate Programme features no negative carryovers and lifetime revenue share of up to 35%. Affiliate partners have access to an exclusive range of banners which display the latest promotions. The programme also offers XML feeds that provide live odds for all games. Betdaq is the second largest sports betting exchange in the world. The site matches over £75m worth of bets around the world each week. Betdaq partners can promote sports betting, casino games and virtual sports and earn commission for life for each conversion. Affiliate support staff work with their partners to create engaging content which optimises traffic. Affiliates can use banners, links, logos and content to promote Betdaq.
The Betdaq affiliate scheme is a marketing partnership between individuals and companies who run their own websites. The mutually beneficial arrangement involves rewarding affiliates with income for generating traffic that leads to playing customers. Once details have been entered partners can use a full range of banners which are used to promote Betdaq and attract new customers. Revenue is earned by referring real-money players to the Betdaq website and new account procedure. Commissions are based on winning bets rather than the revenue share model with traditional bookmakers who pay commission on losing balances. Betdaq sets a high standard in affiliate programmes not only for betting exchanges but across all the industry.
Betdaq will always struggle to gain market share in a market dominated by Betfair. That operator have the clients to create liquidity in their markets which means more bets are matched. Low commission rates are fine but there are not enough backers and layers to create a dynamic market, exchange bettors will go elsewhere and that is generally Betfair. Customers can take advantage of cheaper betting but these low commission rates may not last long. Betdaq will then find the competition from Betfair difficult to overcome and the exchange will not grow and develop. Commissions of 2 to 5% are competitive but the lack of liquidity is a major problem.