There’s a new welcome offer at Betdaq which you can activate with the Betdaq Promo Code. First of all, this is an offer for new customers only. Basically, at the end of the first 30 days of a new customer’s account with Betdaq, they can get a rebate of up to £1000 cash back on the commission they paid during this time frame. (Terms and conditions apply)
If you plan to use the Betdaq promo code to claim the sign up offer, then there are some terms and conditions that apply. Some of these are highlighted below:
|Betdaq Promo Code||Get The Promo Code (T&Cs Apply | 18+)|
|Bonus offer||Up to a £1000 Cash-Back|
|Offer duration||Rebate on any commission paid during the first 30 days|
|Betdaq Commission Rate||Standard 2%|
Betdaq Promo Code verified on 22nd of July 2018.
Do you want the best bonus at Betdaq? Then you should use the Betdaq Promo Code, when you create an account.
Stake your first £10 in the Betdaq casino and Betdaq will credit you with £30. There’s a wagering requirement of 30 times the bonus amount. Please, check the website for full T&Cs.
New Casino / Game players only. Min buy-in £10. Max Bonus £30. 30x wagering requirement on selected games. Winning stakes non-redeemable. Free Bet valid for 14 days. 18+. T&Cs apply.
To sign up with one of our betdaq promo codes you usually have to follow the below steps:
Please note, for the new customer offer the Betdaq Promo Code is optional. Furthermore, you must be over 18 to open an account.
Commissions are only paid on winning bets. Offers made on the exchange are subject to a flat commission rate of 2%. Normal commissions apply for matched bets. A weighted average applies when there is a combination of traded bets, both offers made and taken. Part matched bets are treated as two separate bets.
Betdaq is a betting exchange. As such, it differs from a traditional bookmaker in several ways. Customers can act as the bookmaker by taking bets as well as placing them. They can bet with other users that something will happen or that something will not happen. Betting exchanges are suited for in-play trading because backers and layers may wish to take advantage of a good trading position or minimise the damage from a weak situation.
Customers do not have to wait until a bet expires to close a position and stakes are not limited by restrictions but require the meeting of a backer and layer at an agreed price. Odds are shown in decimal format by default. It allows for trading in smaller units than that is possible using fractional odds.
The key to the success of an exchange is liquidity or the number of bets matched at an agreeable price for the backer and layer. With the backing of Ladbrokes, Betdaq is now well established in the market. However, it is still beyond Betfair in regards to leagues and markets covered.
Betdaq does not rely on the outcome of an event to be profitable but earns revenue from commission. Customers can partly of fully cash out a bet and net profits are calculated to cover all eventualities except for a losing match. The exchange is supported by the Ladbrokes Group which is one of the main operators in British betting; both for retail cash outlets and online.
The Betdaq promo code activates the Betdaq welcome offer for the exchange.
Betdaq offers exchange betting odds for many sports. They include:
For each market on the Betdaq exchange, the best lay and best back percentages are displayed. Customers can also back or lay in the place market, each way handicap and match betting in which two horses are matched against each other. This allows customers to trade on which horse finishes ahead of the other at the end of a race. For each market, the matched amount of stakes is displayed. Basic details of each race are shown above the table of odds.
Whether backing or laying, Betdaq’s customers adopt the same procedure in order to place or take bets. This involves:
All unmatched bets are automatically cancelled when an event starts. When a bet is unmatched there is the option to cancel the bet or accept the next bets odds. While a bet is unmatched the odds can be changed, amount amended or bet cancelled.
The main horizontal menu on the Betdaq Home Page also lists the following additional services:
|Multiples||Traditionally due to the mechanics of exchange betting it was only possible to bet in singles. Betdaq introduced the concept of betting in multiples. They now have a selection of markets enabled for multiples betting. A multiple bet is in effect an accumulator that combines two or more selections with the return determined by the cumulative odds of each individual bet.|
|Games||The Games Home Page lists the range of products in the categories of Top Games, New Games, Table Games, Virtual Sports, Slots, Progressive Jackpots, Arcade Games and All Games. The Games Home page includes links to the most popular games that can be played for fun or real money.|
|Virtuals||Virtual exchange betting markets are offered on the Betdaq site for greyhounds, speedway, motors, football and cycling. Each event is streamed live and customers can place back and lay bets on a limited range of markets.|
|Trading tools||At betdaqtraders.com, Betdaq customers have access to several third party trading tools. These are branded as Bet Angel, Geeks Toy, Gruss Software, BetBot Pro, BQ Bot Manager and DaqBot.|
|Betdaq tips||Betdaq offers customers a full range of tipping services with analysis for horse racing, football, American football and golf. This area of the site also features market movers for UK horse racing. The information is sorted in percentage order with the most significant movers at the top. The moves can be negative or positive and indicate when a horse is being backed or layed.|
Betdaq has upgraded their app and it now contains several new features. The key elements of the mobile version of the Betdaq product include the Betdaq+ App with Cash Out. Customers can back, lay or trade on all sports on the move. The app features push technology, cross-sport multiple betting and improved customisation and there is a ‘Keep in play’ option.
The app is one of the fastest, user-friendly and most secure betting apps available. The account settings have improved and there is a unique search facility. Customers register via the App using an existing online account.
To use the mobile version, UK and Ireland based customers must text ‘BETDAQ’ to the right number. They will receive a text with instructions for how to download the app from the App Store and for Android. The App is compatible with iPhone and iPad.
The following methods of support and assistance are available to customers in their betting and transactions:
Betdaq accepts the following methods of making deposits and withdrawals:
The maximum deposit limit on an account will vary depending on the length somebody has been a customer and whether security checks have been passed. Customers can increase their deposit limits by sending in: Photo ID and a Utility bill in their own name. These documents must be accompanied by a covering letter specifying the requested new limit at which point the account will be reviewed.
The minimum withdrawal on the Betdaq site is £10. The daily maximum using a debit or credit card is £15,000 or the equivalent in a different currency. All withdrawals are subject to security checks. They are free and funds become available within 1 and 5 days. Proof of address may be requested when a withdrawal is made.
Betdaq is the second biggest exchange in the world after Betfair. This operator will always find it difficult to compete with Betfair as that company has the experience and infrastructure to dominate the market. Betfair was the first exchange and Betdaq was conceived to allow a traditional bookmaker to get involved in exchange betting.
Betdaq is owned by Ladbrokes which is the biggest bookmaker in the world and well established in the UK betting market. Betdaq will always lag behind Betfair in terms of the number of sports, leagues and markets offered and the level of liquidity. However, the company offers laying on virtual sports which is a unique feature.
Liquidity has increased and the commission rates compare favourably with other exchanges. However, customer support is not a major strength and there can be delays in taking out funds. Betdaq have a good mobile app which is easy to use and fully functional. Prices are good and the whole betting process is quick and simple.
The website is easy to navigate and all the processes work effectively. Betdaq will never overhaul Betfair in the sector but provides a viable alternative to the market leader and a reliable service in the exchange betting field. Finally, don’t forget to use the Betdaq Promo Code in order to get up to a £1000 cash-back.
*Please note – Our star ratings are based on our personal opinion of the bookmakers we work with. We also take customer feedback into account in our rankings.