Betdaq Review | The 2nd Largest Betting Exchange

Betdaq was founded in 2000 and acquired by Ladbrokes in 2013. It’s is the second largest betting exchange, with around a 7% share of the UK/Ireland market.

While Betdaq may never quite catch its “big brother”, Betfair in terms of popularity — it offers a much lower 2% commission rate, decent liquidity, and integration with several popular trading applications. That’s more than enough to warrant opening an account.

Betdaq is an attractive platform for professional punters looking to avoid the more expensive charges applied to their winnings over at Betfair.

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Review

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Advantages Of Betdaq

Only 2% Commission

Like Smarkets, Betdaq offers a low commission rate. This flat rate offers significantly better value to Betfair’s standard 5% rate (for new customers).

Don’t Penalise Winners

In contrast to Betfair’s controversial Premium Charge, Betdaq don’t penalise their winners. There’s no additional commission applied to the top earners on Betdaq.

Third Party Applications

Betdaq has been around for a long time. Unlike Smarkets it offers an API — so there’s a growing number of third party applications compatible with the exchange. The ability to run Bots (such as BF Bot Manager) and other tools adds a whole new dimension to your trading.

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Disadvantages of Betdaq

Fewer Markets Than Betfair

Like all other Betfair competitors, Betdaq doesn’t cover as many sports. It’s advisable to create accounts with multiple betting exchanges to compensate for the shortcomings.

Average Liquidity

Liquidity has been a problem for Betdaq. It has improved over time, and the vast majority of casual traders will get their stakes away at an industry-leading price. However, those dipping in and out of niche markets, or looking to place large stakes, might still be disappointed with Betdaq.

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Betdaq Specification

Sports Betting Markets

Aussie Rules
Baseball
Basketball
Boxing
Cricket
Football
Formula 1
Golf
Ice Hockey
MMA
NFL
Politics
Rugby
Snooker
Specials
Tennis
Virtual Sports

Payment Options

Visa Debit
Mastercard Debit
Credit Cards
Skrill
Neteller
Bank Transfer

Regulation

UK Gambling Commission