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Updated Updated: September 9, 2019

Betdaq Review and Bonuses

Betdaq is the second largest betting exchange platform after its big brother Betfair.

There are only four different bet exchange websites available to the UK punters, which makes the competition for new members all the more intense. Small details can make a huge difference in betting exchange platforms. From sign up bonuses to market liquidity and customer support, when there are fewer choices it is easier for players to notice the differences.

For example, Betdaq introduced a 2% fixed commission on all sports for all of its customers. Comparatively, Betfair charges a 5% commission.

Betdaq is obviously doing something right as it is the second-largest and second most popular betting exchange platform out there. It currently owns a 7% share of the UK and Republic of Ireland markets. It is unlikely it will dethrone Betfair anytime soon in terms of popularity, but it does have some advantages that are worth considering.

Pros
  • User-friendly, easy to navigate the site
  • Excellent sportsbook and exchange betting platforms
  • Good selection of high-quality games in the casino
Cons
  • Very limited live streaming available. Even that can only be accessed via Betdaq mobile app, not from desktops.
  • Only one promotion for the casino. Could add a few more.

Bonuses at Betdaq

Betdaq is primarily a betting platform. It provides the traditional sportsbook as well as the betting exchange platform. As such, most of the promotions and offers are directed at new or existing members who use Betdaq for their sports betting needs. It currently lists different promotions for different members using different sections of the website:

Sports Welcome Bonus

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Bet £20 Get £20 – this is one of Betdaq sign up offers available to new customers only. The bet has to have odds of 2.00 or greater and must be placed within 14 days of opening the account.

Once your bet is settled, you will be credited with £10 as a free bet. To activate this offer, you have to use the Betdaq bonus code “BDQ10” when you register your Betdaq account.

Casino Welcome Bonus

betdaq promo

Bet £10 get £30 – this is the only running casino promotion Betdaq offers. It is restricted to new users and bound by a wagering requirement of 40 times the bonus funds.

You simply open your account at Betdaq, deposit a minimum of £10 and spend it in their casino games. You then receive the £30.00 in bonus funds. Any winnings from it can be withdrawn after the wagering requirement has been met (£1,200 playthrough).

Cashback for New Customers

betdaq cashback

Up to £1,000 Cashback – another promotion for new customers, where you can get back your first month’s commission as cash. This is capped at a maximum of £1,000. To avail of this offer, you have to use the promo code “DAQBACK” when you register your account.

Sports and Markets at Betdaq

Betdaq offers two separate platforms for sports betting, the traditional sportsbook and the exchange platform. Each platform has its own markets.

The betting exchange platform at Betdaq covers 19 different sports and non-sporting events. These include:

  • American Football
  • Australian Rules
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Formula 1
  • GAA
  • Golf
  • Greyhound Racing
  • Horse Racing
  • Ice Hockey
  • Mixed Martial Arts
  • Politics
  • Rugby League
  • Rugby Union
  • Soccer
  • Tennis
  • Virtual Sports

The sportsbook at Betdaq is a bit poorer than the exchange platform. It covers 13 different sports. The 6 sports that are offered on the exchange but are missing from the sportsbook are American Football, Baseball, Basketball, Ice Hockey, Politics and Virtual Sports. Even so, it still has the most popular markets including Betdaq cricket which is getting more and more bets.

Betdaq – UK’s Second Largest Betting Exchange Bookmaker

Betdaq is a betting exchange platform, which is not to be confused with the traditional bookmaker. Betdaq is essentially a marketplace that matches punters wishing to place opposite bets. This takes out the middleman, or bookmaker from the betting process.

A bookmaker makes its money by building their margin in the odds, whereas a betting exchange site makes its money by charging a commission on a player’s winnings.

Because there is no middleman, the odds you find on betting exchange platforms are generally higher than those at the bookmakers.

A Bit of History

Betdaq exchange was launched in 2000, only a year after the pioneer of bet exchanges, Betfair. Its launch was not as successful as desired. It launched with a 0% commission rate that was to go up 1% each month until it would plateau at 5%. It wasn’t as attractive to players as it was planned out to be.

Betdaq Exchange Today

Today Betdaq is still the second largest betting exchange platform. The difference is that now there are four different exchange sites so second out of four is more impressive than the second out of two. It has also added a casino section that includes games such as slots, table games and jackpots. The casino at Betdaq is constantly updated with new games and updated promotions.

In 2013, Ladbrokes took possession of Betdaq. A few years later, in 2016, Ladbrokes would merge with Coral thus becoming the largest bookmaker in the UK. Whether they will use their strong financial support and large customer base to push Betdaq UK for a greater market share in the exchange industry is worth keeping an eye out for. Or it will be interesting to see whether they will push to expand the casino side more so than the exchange platform.

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Casino and Games at Betdaq

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Betdaq casino has a collection of 67 games in different categories. These are high-quality games and most of them are developed by the reputable Playtech software provider. However, they do use other providers such as IGT and Quickspin. They also update their casino with new games every so often. Currently, the casino games available at Betdaq can be broken down into 5 different categories:

  • Slots – The most popular category, featuring 27 high quality games.
  • Jackpots – a selection of 8 games such as Leprechauns Luck and Life of Brian
  • Table games – 6 different casino table games to choose from such as Blackjack and Roulette Pro
  • Arcade games – a good choice of fun arcade games such as the Wheel of Fortune On Tour awaits you at Betdaq casino
  • Virtual sports – at Betdaq you can win by placing a wager on the two arcade games they offer: Virtual Dogs and Virtual Horses

Special Features

All in one – Betdaq offers an all-in-one solution for the online gambler. It offers an exchange betting platform, sportsbook and online casino. There are only two other websites that can take pride in featuring such a complete package.

Betdaq Tips – Betdaq has a section where its tipsters constantly share information and hints on what bets to place. These bets cover all sporting events and the information provided is full of useful research and statistics.

Payment Methods

Supported Payment Types

The payment methods supported by Betdaq are well established and straightforward. So if you are looking to deposit using Bitcoin or another new or lesser-known payment method, Betdaq is not for you. It supports:

  • Visa debit and credit cards
  • MasterCard debit and credit cards
  • Skrill
  • Neteller
  • PayPal
  • Bank transfers

To avoid money laundering, withdrawals must be processed to the same method used when depositing funds.

If for some reason the same method is not available, you can choose an alternative one once you verify your age and identity by submitting the requested documents.

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Minimum and Maximum Deposit

The minimum deposit at Betdaq is £10.00

The maximum deposit depends on how long you’ve been a member and whether or not you’ve passed their security checks. You can always contact them at [email protected] asking them to increase your limit to the amount you wish and they will get back to you.

Minimum and Maximum Withdrawal

The minimum withdrawal is £10.00

While Betdaq does not impose a limit on the maximum withdrawal, make sure you check with your payment provider to make sure they don’t have any limits from their side.

Deposit and Withdrawal Times

Deposits are processed instantly with the exception of bank transfers which can take up to 5 working days.

For withdrawals, processing times depend on the payment type used:

Payment MethodTime to receive funds
Debit Cards2-5 days
Credit Cards2-5 days
SkrillUp to 24 hours
PayPalUp to 24 hours
NetellerUp to 24 hours
Bank Transfer1-5 days

Security and Trust

gambling commision logo

Betdaq is licensed by the UK Gambling Commission, which is one of the strictest and hardest licenses to acquire. For players outside of Great Britain, Betdaq holds a license and is regulated by the Gibraltar Gambling Commissioner.

These two gambling authorities ensure Betdaq adheres to the latest regulations on providing a secure and private environment. On top of this, Betdaq uses SSL encryption to protect your personal and financial data, in a similar fashion to banks and financial institutions. Lastly, Betdaq holds all players’ funds in a Trust company to ensure they get their money back should the company go bankrupt.

Customer Support

Betdaq’s customer service team can be reached via 4 separate channels:

  • Betdaq Live Chat: Monday – Saturday 9:00 to 20:00 Sunday 9:30 to 20:00
  • Email: [email protected]
  • Online form: Available on their website
  • Phone: UK: 0870 1781 021 (calls on this number are charged at 13p per minute plus what the network provider may charge). Ireland: +353 1 55 66 222

Ideally, try to use the Live Chat contact method as it is the fastest. Only call Betdaq contact phone number as a last resort.

FAQ

No, Betdaq only charges a commission on the net winnings.

Yes, you can use Betdaq on Android or iOS devices.

A multiple bet is one that combines two or more selection into a single bet.

Conclusion

Betdaq has been around for nearly two decades, which is an impressively long time in the fast-changing online gambling industry. It does not have as many customers as Betfair does and chances are it will never catch up to it in terms of popularity.

However, it is still the second largest betting exchange platform with a low commission rate and decent liquidity. On top of that, it also features a casino with high quality games from slots to table games.

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All in all, Betdaq is an attractive platform for all types of players, new and experienced, sports or casino-oriented. Featuring some nice sign-up bonus offers and other promotions for existing members, it is well worth giving Betdaq a try.

Rating

4.5/5
Average rating 4.5 on 12 visitor voices

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