Betdaq has been established since 2000 and its founder is Dermot Desmond. Its current headquarters is located in Dublin, the Republic of Ireland. The company currently holds about 200 employees. It is registered and operated by the LC International, Ltd.
Betdaq is legally powered by a betting exchange company named Exchange Platform Solution Limited, which is another company licensed under Alderney Gambling Control Commission.
The company runs on the EPS platform which is known to be the top betting exchange technology in the world today.
According to recent records, Betdaq is the second largest betting exchange in the industry today, and it holds about 7% share of the betting exchange market.
How to Register at Betdaq?
Signing up for a new account in Betdaq is pretty much easy and straightforward. All you have to do is to provide all information that is asked of you. Below you can see a preview of what the register page looks like after you have pressed the blue-green JOIN NOW button on the upper right corner of the page. To help you out in this process, here are a few steps you can follow to play at Betdaq:
- Step 1: Go to betdaq.com.
- Step 2: On the website’s homepage, click the Join Now button located at the upper right corner of the screen.
- Step 3: You will be redirected to the Open an Account page. Fill up the form and provide your personal information.
- Step 5: Click Open an Account.
How to activate and verify your account?
Before you can use your account, the website needs to verify it before it can be activated. The site runs on Know Your Customer verification. This is needed in order to verify that all the information you have provided upon registration is real and accurate. This verification prevents identity theft and helps protect the integrity of the legal services the company provides for everyone.
In order to verify your account, here are some guidelines on what you should provide:
- Identity Verification
For identity verification, simply provide a clear scanned photo of your legal ID. This could be your driver’s license or passport. If a scanner is not available, make sure to provide a clear photo of the ID from your smart phone or camera under a JPEG format.
- Proof of Address
For address verification, you simply have to provide a utility bill statement or a bank statement that has your address on it. Make sure that your utility bill statement or bank statement is new or as old as 3 months. Statements older than 3 months will not be accepted.
- Additional Verification
Like other betting companies, Betdaq may require you to verify if your bank account is active by simply providing a recent bank statement. This is to ensure that as a customer, you are not gambling or playing through illegally obtained money or that you are not using someone else’s bank account or money to play. This provides protection for both the company and the player as well.
What to do if we forget our password?
Most people often forget their password every now and then. Betdaq makes it easier for these people to deal with the dilemma of forgetting their log-in details. Moreover, the retrieval of password in Betdaq is different from how it is done in other betting websites. There are certain steps to follow. Here are some:
Website Review – Layouts and Navigation
A website’s homepage is essential as it greets visitors and gives either a positive or a negative impression on the audience. Betdaq’s homepage is simple and clean. It is specially designed to let users have an easy and comfortable time navigating through every page of the website. As you can see from the screenshot above, the purple and white theme of the website is simple yet attractive.
At the uppermost portion of the homepage, you will see a running banner that announces the current promotion you can avail of in a “typing” style. If you find this annoying or irrelevant, simply press the pause button on the left of the banner. On the upper right corner, you can see the Betdaq logo that takes you to the homepage every time you click on it. On the upper right corner of the page, you can access your account by logging in or by joining if you’re new to the site.
The purple tabs on the homepage make you access the different categories on the site easily. Just below it is where you can access Help and Settings. The larger part of the homepage provides the current information about bets and exchanges happening at the moment.
Betting exchange is a unique promotion that the site offers. By choosing to play under Exchange, you can have a chance to bet directly peer to peer without needing a bookmaker. To put things in comparison, betting exchanges are like a stock market in the betting community. Betting exchange can be daunting at first, but once you learn the techniques, you’ll get the hang of it.
What is it?
Betting exchanges can help players who want to bet middles. Middling can happen when two opposing teams in a sports bet have a 2-3 score gap and you would want to bet on both. By using betting exchange in middling, it can help you score a large middle.
In Betdaq, there are two options when it comes to betting exchange. These two are:
On the image above, you can see a column labeled “Back” and it is colored in light orange. This option means that you’re backing to win or to become the bettor. You can either back on a horse, a sports team, or a player and if they win, you will win, too. However, if the player loses, you will lose your stake as well.
Another column that you can see is labeled “Lay” and is colored in faint green. That option means that you lay to lose or you become the bookmaker in a sense. You can either lay on a horse, a sports team, or a player. If they lose, you win. If they win, you pay out.
Multiples – Fixed Odds Betting
What is multiple betting? Well, to put it simply, as the name suggests, you are able to bet in multiple markets at the same time. However, what makes it different in Betdaq is that they are the first ever betting exchange company to ever include Multiple Betting as a part of their betting exchange. In addition, Betdaq is the first and only betting exchange company to include horse racing in multiple betting.
Multiple betting allows you to bet on different markets at the same time. In Betdaq, it allows you up to 10 bets in total while 7 in mobile. However, you can only choose one event in one market. In order to place another bet, you should click another market that offers multiple betting and so on.
Before you decide to try your fate in Multiple Betting, there are a few guidelines that you should know. First, in multiple betting, you can only bet on backs and not on lays. This means that your bets should win before you are considered as a winner. Also, a 5% commission is applicable in each of your multiple bets.
You can bet in multiple betting with a maximum number of 10 markets for the website and 7 markets for the mobile site. There are a lot of markets in multiple betting and this includes:
- Horse Racing
- American Football
About the Odds
Since you will be placing multiple bets in an exchange betting market, you can expect that you can have higher odds. However, in multiple bets, you are not able to request for odds. Moreover, the odds given to you are the available odds at the exact moment you placed your bet.
Betdaq Bonus for New Customers: £1 000 Cash Back from Commission in the First Month
In Betdaq, new customers are welcomed by giving them a chance to have a cash-back for as much as £1,000. This offer means that you will receive your first month’s commission back for £1,000. You simply have to use the code DAQBACK, and you’ll get the chance to have this bonus.
Terms and Conditions:
- This offer is only for new players without any other existing accounts.
- New customers who apply for this promotion will have a rebate of commissions paid in their first 30 days at the end of the period.
- The maximum rebate is £/€/$1,000 and the minimum rebate is £1/€1/$1.
- This is not available for Trading Tool, API, or RDT customers.
- You cannot use this promo while entering another promo on the site.
In Betdaq, you don’t always have to place your bet and wait until the results come out. The site offers an in-play betting. This feature allows you to trade or place bets in between events or during events as the odds fluctuate. This is great since you can have more chances of winning.
Betting on Horse Racing and Greyhounds
Betdaq also houses betting classics like horse and greyhound racing. Like most betting websites, betting exchange can be applied to both races. You can bet an in-play for horse racing.
For greyhound racing, Betdaq shows two tables on their site with different times and different places. Both can be of the winning market, and you can choose to either bet on them or not.
Cash-out Function – Is it available?
Not all gambling and exchange betting sites offer the cash-out feature, but Betdaq does.
Technically, a cash-out would mean that you close out on the position by locking out on the profit or by putting a limit on your losses. With this feature, it automatically calculates the necessary bets you need in order to do either of the options that were aforementioned. Such offers are based on real time and live markets.
Sports aren’t the only things you can enjoy in Betdaq. The site also offers classic casino games. All games in Betdaq casino are considered as instant-play games in the site. All of the present games are regulated by Gibraltar Gambling Commissioner.
Casino Welcome Bonus: Bet £10, Get £30
A welcome bonus is not only what’s in store for new customers in Betdaq. New players can also enjoy a number of casino promotions.
Bet £10, Get £30 simply means that you can get £30 by placing a bet worth of £10. This is one of the most beneficial welcome bonuses available in Betdaq’s Casino.
Terms and Conditions:
- This offer is only available for new customer who hasn’t made a bet in the casino.
- In order to qualify, you must place a stake of £10 on Betdaq Games. You will then receive £30 bonus funds.
- This offer is not eligible and applicable in Blackjack and Mini Roulette.
- Only games launched on the Games tabs are allowed.
- Bonus funds will be credited within 72 hours of qualification.
Virtual Sports Betting
Betdaq also offers virtual betting, which is like a live stream for other sites. You can bet and watch games and sports on live stream.
Moreover, this category on the site should not be confused with Virtual Dogs and Virtual Horses that can be found under casino games. These are just another form of instant-play games that mimic real life greyhound and horse racing. In virtual sports betting, you can bet depending on what is available on the site during the time you logged in.
Bonus for Virtuals: Bet £10, Get £10
Another gift for new customers on the site would be a bonus in the virtual category. This promo gives you the opportunity to get £10 out of your £10 worth of bet. Simply put the code V1010 on your account.
Terms and Conditions:
- To qualify, you should be a new customer who has not made any bets under the Virtual tab on the website.
- Qualifying bets will only be honored with odds of 2.0 and above.
- You should have a liability of at least worth £10 to qualify.
- The promo is only available once.
- Other games labeled with virtual but not falling in the Virtual category on the website are not qualified.
In Sports Pool, you place your bet on a pool depending on the sports you choose to bet on. In these pools, you will be asked how you think the game will go. If your prediction is right, you will either win the Jackpot by yourself or split it with others on the pool. This will depend on the sports event that you choose. Moreover, a minimum bet of £2 is required in Sports Pool betting. Some jackpot prizes can go high up to millions of pounds or euros.
Deposit and Withdrawal Methods
There is no minimum amount required to deposit on the site. However, there might be a deposit limit depending on how long you have been on the site.
- Debit Card
Debit cards by Maestro, Delta, Solo, Electron, or Laser Card are accepted, and there are no charge fees.
- Credit Card
Credit cards by MasterCard and Visa are accepted, but a charge fee of 1.5% may be applied. However, those who have deposited under MasterCard should choose another method of withdrawing their winnings.
- Online Banking
Online banking that is powered by Skrill is accepted on the site, and there are no charging fees applied.
- Bank Transfers
Bank transfers are allowed on the site, but you should take note that it takes a longer time to process and arrive in your account.
Skrill is an easy and secure way of sending and receiving money through email. This method is fast and it is accepted in over 20 countries. There are no charging fees for this method.
NETeller works as an online wallet and is available worldwide. There are no extra charging fees applied in this method.
- Debit Cards or Credit Cards
It takes about 2-5 days of processing, and it is free of charge.
- Skrill or NETeller
These methods are done within 24 hours of processing and are free of charge.
- Bank Transfer
It takes about 1-5 days and is free of charge.
Mobile Apps and Version
Betdaq’s mobile version can be accessed in your mobile web browser. However, some rules on the site might not be applicable in Betdaq’s mobile platform. For example, in Multiple Betting, you are only allowed to have a maximum of 7 bets on the mobile platform. In the website, you are allowed to have up to 10 bets.
If you happen to run your own website, you can apply for Betdaq’s Affiliate Program. This betting website’s affiliate program can help you earn by simply putting an ad on your page. If you think your website has traffic, then you’re in for a good deal.
You can apply for the Affiliate Program from this link: http://affiliate.betdaqaffiliates.com/
An onsite ready-to-access live chat is available in Betdaq 24/7. This is especially helpful when you have a quick question about the site that needs to be urgently answered. This can also provide a fast solution to your problems.
There are several ways to contact Betdaq. Here are some methods:
Conclusion and Rating
Overall, Betdaq proves why it holds a spot in the world’s greatest betting exchange list. Its site is easy to navigate. Plus, there are a lot of markets to bet on, options to try out, and odds that are amongst the highest of all in the betting industry.
However, Betdaq’s website has the tendency to crash once in a while, especially if there is an overwhelming amount of traffic coming in and out of the site. This is because of real-time based bets which can get the site worked up.
With all its features, Betdaq rates 9.3/10.