BETDAQ review

BETDAQ

BETDAQ is a sports betting exchange that offers person-to-person betting across a wide range of UK and international sports and other events. BETDAQ also operates many other broker exchanges globally. Features include:

- Back and lay selections at your choice of odds;
- Free bet of £30 for new betting exchange accounts;
- 3% commission on all all bets in your first month;
- Free trading software.

Read our BETDAQ review to learn more about this well known betting exchange, which matches bets worth over £50m every week and boasts a global customer base spanning over 100 countries. We also explain how to qualify for BETDAQ's free bet offer and receive your free bets.

» Join BETDAQ now for free bet of £30

Overall rating for BETDAQ : 7/10

Look and feel: 8/10
Range of sports betting & features: 6/10
Customer support: 8/10
Welcome offer: 6/10

BETDAQ betting exchange no lose bet offer

BETDAQ offers new customers a free bet of £30. The promotion code that's required to qualify for this offer will be entered in your account registration form automatically when you visit BETDAQ's website via our links.

A free bet of £30 will be credited to your account by BETDAQ after you have placed three qualifying initial bets, each being for at least £10 and placed at odds of 2.0 or greater.

Free bet terms include: limit of one offer per household / IP address, free bet balances can't be withdrawn until they've been used to place bets with odds of at least 2.0, BETDAQ members can't match free bets with themselves, customers must meet all qualifying criteria including age and identity verification. The free bet stake will not be returned with any winnings. See their offer landing page for full terms and conditions.

Whilst we update our reviews regularly, please check BETDAQ's site by clicking one of our links in case a free bet has been introduced since they last updated us.

BETDAQ betting

The principle of a betting exchange is that it seeks to offer customers greater flexibility in how they bet online plus the opportunity to place bets at better odds than they would receive by betting on the same outcomes with a traditional bookmaker. When using a betting exchange, two main types of bet are available:

- Backing: means backing a selection to win, which is like placing a bet with a normal bookmaker, or;
- Laying: which means betting against a selection winning, which is akin to acting like the bookmaker.

The betting exchange matches up back and lay bets between individuals who have chosen to bet on opposite outcomes and at the same prices / odds. The system offers scope for customers to achieve better odds than they might achieve by betting directly with a bookmaker. BETDAQ's betting exchange enables clients to place exchange-based bets on the following sports and events:

Horse racing Soccer Tennis
Golf Greyhound racing Cricket
Rugby union Rugby league GAA
Baseball Australian rules American football
Snooker Formula 1 Special bets
Politics    

» Join BETDAQ now

BETDAQ's betting markets are displayed using decimal odds. This can be changed to fractional or American via the Options link at the top left of the betting coupon area. For more information about how odds work, read our betting odds guide.

Placing bets with BETDAQ

BETDAQ's online betting exchange offers a high degree of flexibility, with betting options ranging from simple to advanced. At the basic level, a client may choose to back or lay a selection at currently available odds and for currently available sums (stakes when backing or liabilities when laying bets). Choosing this option means that their bet can be matched instantly. Alternatively, customers can make an offer to bet at different odds than are currently available. Bets placed as offers may or may not be matched successfully (or partially) by BETDAQ, depending on the willingness of other customers to accept the specified odds.

Users navigate to available betting exchange markets using the menu in the left hand column. For example, clicking on Soccer will cause an expanded list of options to be displayed within that column (the full list of sports can be restored by clicking on All Events at the top). Clicking on choices from that list drills down to event coupon level, when available selections are displayed in the main body of the central page area (eg Soccer > English Soccer > Premier League > 12/9 Man Utd v Liverpool). At the same time, a panel in the right hand column is populated with related information about the event. Tabs in that right hand column can also be used to switch between viewing the Bet Slip, Current Bets, History and Info. The best currently available odds for each selection are displayed in the centre of the event coupon along with the amounts of money that can currently be matched at those prices. When logged in, clicking on chosen odds will add the selection to the bet slip, where amounts can be specified and bets placed. Multiple bets are also available on BETDAQ via a dedicated tab. Multiples are only available on the basis of backing selections and must include between two and seven selections in different events.

Bets can be viewed and managed via the My Bets and My Account tabs in the top navigation bar, including making amendments to bets that haven't yet been matched on the betting exchange. For more advanced users, betting exchange trading software is available as a free download.

» Place bets on BETDAQ's betting exchange

BETDAQ's charges

The betting exchange levies charges in the form of commission on net winnings. This ranges from 5% down to 2%, reducing on a sliding scale linked to cumulative monthly trade values. Promotional or fixed commission rates may apply to specified sports or markets from time to time (eg Asian handicap or in-running betting).

Other BETDAQ features

BETDAQ offers both pre-event and in-running betting markets. There are no live media streaming services. A forum is available to members when logged in to their accounts.

Payment methods

BETDAQ accepts deposits via methods including debit card, credit card, bank transfer, Neteller and Moneybookers. Funds may be withdrawn to the same payment cards or bank account.

BETDAQ's layout and design

Styled in purple, white and black, the betting exchange's website is easy on the eye, with good contrast aiding text legibility. The design template also strikes a good balance between the three key areas of event navigation, markets / odds, event information and betting activity.

BETDAQ help

The Help link in the horizontal navigation bar launches the betting exchange's Help Centre in a new tab / window. The Help Centre contains a wealth of written information in a way that's refreshingly easy to locate, either by browsing or searching. Other help sources include online chat, email and a non-geographic UK number for telephone support.

BETDAQ information

BETDAQ is part of Global Betting Exchange, a company that's registered in Ireland and based in Dublin. UK clients can call the helpdesk team on 0870 178 1021.

BETDAQ Join BETDAQ now

To learn more about BETDAQ, click one of our links to visit their online betting exchange for UK-based clients. Opening a new account online should take no more than around two to three minutes. The three step registration process begins when you click on the Join Now button at the top of the screen on their landing page. If you'd prefer to browse other betting sites for UK customers, visit the betting section of our directory via the link below:

BETDAQ

Betting exchange

Founded in 2000, BETDAQ has since grown to become of the UK's leading betting exchanges.

BETDAQ

More online betting

Online sports betting offers

Visit other online bookmakers from our panel to see more welcome offers and free bets for UK clients aged 18+

Bet365 Bet Victor
Ladbrokes Coral

Online betting news

UK online betting news

The following betting and gambling news headlines refer to articles from the BetStop.info offers blog. Click on the title to visit our news section and read these and other UK betting and gambling news articles in full:

Responsible gambling

Bet responsibly

Resources and advice

BetStop.info features gambling sites for UK consumers aged 18+. We urge responsible attitudes and behaviour when gambling. Resources, help & info:

- BetStop.info's responsible gambling guide;
- Gamble Aware - advice about gambling;
- GamCare - online, phone & counselling support;
- Gamblers Anonymous - fellowship-based help.

GambleAwareGamCare