Unlike the traditional bookmakers, BETDAQ operate a betting exchange where live odds are offered by their customers who bet against each other. One of the advantages of this is that their betting odds are, on average, 20% higher than those of traditional bookies.
Despite being known as the second biggest exchange behind the market leaders Betfair, they still have very good liquidity (volume of money) on the most popular events although it can be a problem on the smaller sports events and the more niche betting markets.
However, their commission charges are less than Betfair at 3.5% as standard and now only 2% on bet offers – that is, where you ask for a slightly higher price than is being currently offered.
Their commission is based on a tiered structure whereby the more you bet, the less you pay. And you only pay commission on winning markets, there is no commission charged on losing bets.
BETDAQ offer the following payment methods which are all free to use except for Visa Credit and Mastercard Credit which have a 1.5% fee.
Visa Electron/Debit, Maestro, Delta, Solo, Laser, Visa Credit, Mastercard Credit, Bank Transfer, Cheque, Neteller, Moneybookers/Skrill, Paysafecard.
In my experience the BETDAQ Helpdesk is extremely quick to respond via email. They also offer phone support with UK, Ireland and International phone numbers available.
BETDAQ’S Interactive help is available Monday – Sunday from from 10:00 to 18:00Hrs GMT, although when I tried their Live Chat function it was not working correctly and failed to load but thankfully they responded to my email in just a few minutes.
All in all, BETDAQ offers a good alternative betting exchange to Betfair offering live In-Play betting as standard, with decent odds and low commissions. They now also provide free to download trading tools.
Another good feature is their busy blog ‘BETDAQ TIPS’ which features articles and betting tips from guest writers including top jockey Hayley Turner and former Irish international footballer Tony Cascarino.