Betdaq has been one of the internet’s largest betting exchanges on the market ever since 2001, offering punters a virtual betting platform with fantastic odds on a host of sports matches, races and upcoming events. With Betdaq, gamblers aren’t betting against the house, but rather against other members of the betting exchange. Without the presence of a middle man, there isn’t the same house advantage found at the majority of online bookmakers, with punters paying just a small commission on their wins.
Owned by the Ladbrokes Group, Betdaq has been able to establish itself as a relatively major player in the industry, offering an alternative to the more traditional bookmakers and making the most of its links to one of the biggest names in betting. Covering a huge selection of sports, including those more alternative sports, as well as playing host to a number of virtual sports, Betdaq has enough to keep even the most specific gambler out there. This variety of options ensures that Betdaq can punch above its weight against the bigger operators out there, and the presence of live streaming is another useful function of the platform.
After learning the different aspects of Betdaq, the difference is relatively clear from the ways punters place wagers. The first is called “back” which is a bet on a selection to win, and the second is called a “lay” which is a wager that the selection will lose. In order to “back” another user must “lay”, and in order to “lay” another user must “back”. When this happens the wager is considered “matched”. This not only means punters are wagering against other gamblers, but it also gives them the chance to cash-out early.
The first thing to notice about the Betdaq interface is the grid or ladder lay-out. While it might just be another way to view all the data available, this interface gives punters the chance to place and manage their bets quickly and efficiently. For those who have experience trading on the Stock Exchange, the lay-out of Betdaq won’t take too long to get used to.
If you’re coming to the operator as a novice, though, there are enough helpful guides that walk you through and ensure you feel comfortable with the interface. The main aspect about the ladder lay-out is that is shows the full market depth, alongside all the different values associated with that price, from the volume already traded, the amount available and other options. This allows the punter to monitor exactly where the market has been and where it is before making a decision to place a wager.
After putting together a default stake, the ladder allows the member to place orders straight away by either clicking next to the price they wish to enter the market at, the pink cell to back or the blue cell if you wish to lay. The benefits of being able to place wages into Betdaq so quickly gives traders the chance to place a number of bets in a very short amount of time. And instead of just winning when a selection is successful, Betdaq traders can hedge their bets across a number of possible outcomes in order to enhance their chances of victory.
The Sports Betting Menu
All the impressive features of the Betdaq interface wouldn’t be worth much if the operator didn’t have enough sporting options to keep punters interested. It shouldn’t come as a huge surprise, though, to see that Betdaq has stacked their sporting cupboard full. Featuring all the different aspects of betting on an event, betting with Betdaq means punters are able to place wagers on those different outcomes that occur throughout the course of an event.
And it isn’t just the major sports such as football, rugby and horse racing that Betdaq have covered, and the likes of mixed-martial arts, GAA, darts and Aussie Rules are all catered for as well. Whether you’re placing a multiple bet or just a single wager, the simple sports betting menu layout provides a clear and informative platform for members to do their gambling from.
The Tech Wizardry
There are a number of interesting features which make Betdaq both unique and impressive. The smartly-presented platform also features a tips section where Betdaq’s tipsters regularly offer information and hints on smart bets to make. Be it horse racing, tennis, golf or any other major sporting events, Betdaq’s Tips gives its members as much important information and advice as they could want before betting on an event.
On the right-hand side of the home page is a Top Tipped Horse section which offers advice on which horses are gaining the most attention ahead of certain races. Members are able to view certain events with live streaming on Betdaq, taking betting on an event to a different level and allowing the punter to fully immerse themselves in the action. And being able to cash out early gives you more control over your wager.
Available on desktop or as a mobile app, punters are now able to enjoy everything Betdaq has to offer from wherever they are. And Betdaq have also now branched out to include betting tools to help their members make the most of their experience, and giving those serious traders the opportunity to manage their betting more efficiently.
Bonuses and Bargains
As with other online betting sites, Betdaq has no shortage of promotions and offers in order to attract people to their site. For new customers, Betdaq offers a £20 free bet when £5 is deposited after signing up, with other incentives aimed at reducing the commission paid to the operator following a win.
New members start on 3% commission and can choose to get 50% commission back for the first three months instead of taking the £20 risk free bet. And with the way Betdaq works, punters are able to get as much as 20% better odds by betting on the exchange rather than with those traditional high street bookmakers. Using the online payment system Skrill to make a deposit with Betdaq rewards members with 20% cashback when they first make a deposit, as well as earning a £20 in risk free bets.
View from the Betting Floor
In the same way Betfair has enjoyed so much success in recent years, many punters are opting for betting exchanges such a Betdaq to do their gambling. While there are still bigger operators than Betdaq on the market, the operator has been making some big moves ever since linking up with Ladbrokes. With improved odds, a wide selection of sports and all the other impressive aspects of the operator, Betdaq has wasted little time in establishing itself as a favourite with those serious about betting.
*Helpful guides to help you find your way around the platform
*Wide selection of betting options.
*Solid in-play service
*Being able to lay bets and cash out early.