If you have read any Betdaq reviews in the past you will see a lot of chatter about liquidity or the lack of it. Well things have changed and the site has a lot more interest in it now. Premier league football has always attracted a lot of custom but now even the lesser sports are getting more action. And because it’s a betting exchange the more punters the bigger the liquidity.
Betdaq has been around for a long while now a lot longer than most realise. The company was founded in 2000 by Dermot Desmond an Irish businessman and avid gambling fan. Meaning it was actually at the sharp end and was one of the pioneers when it comes to betting exchanges. They have gone from strength to strength always a bit in the shadow of Betfair but in 2013 Ladbrokes bought the company for €30m.
When you think about what a betting exchange actually is the sum is a lot of cash. When all is said and done a betting exchange is a website. All it does is facilitate gambling between members. Money for old rope really!
Betdaq welcome bonus comes in two forms. You can either have a £25 free bet once you have earned 4 exchange points by winning or losing £100. Or you can take the option of 50% commission back for the first three months. The limit is up to £1000 and you need to enter a promo code BDQHALF when you register. As with every promo there are terms and conditions that need to be read and worked through.
If you are an avid football bettor then the ten percent bonus for Saturday’s matches is a nice one to have. As is the bet ten get ten in bonus on the virtual sports as well. As with most gambling sites even the betting exchanges these days there is a casino attached as well. Betdaq is no different and the bonuses for their offering are not too shabby either.
When it comes to markets available and amounts to lay against on betting exchanges it’s all down to liquidity. If there’s not enough people interested you will not get accurate odds and may not even get the markets you want. Things have got a lot better at Betdaq in recent years. It stands to reason seeing as Ladbrokes bought the site. They don’t buy plums! But it could still be better that will only come when more join so it can be a bit of a catch 22 situation. Ladbrokes getting involved should push things along it is still early days yet really.
Commission is a fairly hefty 5% but this can be borough down to as little as 2%. That said it takes an awful lot of action to get it down that low and you need to keep it up because it is monitored weekly.
So he Betdaq mobile app is available in both Android and iOS format. If you register via the app you get £25 in free bets. The app gives you exchange starting prices. You can access the Betdaq live streaming service which is very good. What’s not to love about getting a live feed to your phone of the race you have a stack of cash riding on? Along with that Betdaq give you their Proform race guides with some great info for your perusal. Add that all in with their enhanced specials and of course the slots games and the Betdaq mobile app is rather good. Oh and the fact that it looks great on a phone. The purple works really well on the small screen.
Betdaq is a UK company started in Ireland and now owned by Ladbrokes that means the full weight of UK regulations come to bear. The UK Gambling Commission license covers the UK market. And if you were in any doubt about the strength of its teeth don’t be. Only last year the Commission brought a big name bookie to heel after a mess with bonuses. So they do keep the order. For the rest of the world the Gibraltar Gaming Commissioner is charge of the oversight.
Once again these guys know what they are doing and are trustworthy to do it. Oh and as another back up Ladbrokes is on the stock exchange which means some serious financial oversight. Banking methods with Betdaq are not as numerous as some bookies but those that are excepted can be used for deposit and withdrawal. Neteller, Skrill and PayPal seem to be the most popular and with PayPal you get their added vetting procedure and their complaints system is great for the consumer. All customer funds are kept safe with a holding company with unlimited liability.
All funds are completely separate from operating funds. The security in place is top of the line banks don’t have better. So you can be safe in the knowledge that whatever happens you can get access to your money. Betdaq have all of the normal ‘KYC’ procedures but they don’t delay you unnecessarily and it a fact of gambling online.
With Ladbrokes acquisition of Gala Coral and Betdaq it means that they are the UK’s largest bookies. They have it sown up. Online,on the high street is it a given they are the biggest. Does that mean the best? Well maybe not but they are pretty damn good. They have some of the best places to gamble for sure. If you are after a betting exchange then Betdaq are definitely worth a look. They have grown from humble beginnings to a firm second place in the market. And who knows maybe they can chip away at the mighty Betfair.