Betdaq

Gambling Judge score

9.05/10

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Important announcement: Betdaq is blacklisted because of slow communications and response to player and affiliate requests. As a result, we can recommend you to play at LSbetDafabet or Unibet, some of our best rated bookmakers.

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Betdaq welcome bonuses and review

With a name that is inspired by the financial markets, Betdaq is primarily a bookmaker which offers casino games and poker to its members. It is a betting exchange rather than a traditional bookie, so it is competing against the likes of Betfair for a slice of the market. Their competitors are clearly ahead as they have more experience and have been around for decades, but these guys are quickly closing the gap separating them from the leaders.

The intense competition with Betfair is in the best interest of punters, but online gambling companies are more concerned about overtaking their celebrated rivals. Betdaq is one of the new betting exchanges that try to close the gap separating them from the leaders and they’ve got an ace in their sleeves. In order to advertise themselves as a better choice, they need to offer lower commissions and a nice diversity of sports betting options.

So far, Betdaq can be proud of its achievement as the number of sports on the menu has increased radically and the same goes for the corresponding markets. A nice selection of payment methods, reliable and professional customer support as well as bonuses that are more generous than what Betfair currently offers should sway undecided punters. It is not all fun and games though and issues such as liquidity are still keep the owners of this betting exchange wake at night.

Bonuses available for

Casino

Bonus
not available in
United States

Welcome bonuses and free bets at Betdaq

Betdaq has a welcome package that allows players to decide between a standard free bonus of €25 or currency equivalent and a package that implies 50% commissions. The decision needs to be made between these two options and it is not possible to combine the bonuses, with advantages and shortcomings for both of them. This is a one-time opportunity aimed exclusively at new customers, so those who already have an account here will need to settle for the occasional promotions.

The €25 free bet does exactly what the name suggests and will trigger profits only if players are successful at picking winners when placing their first three bets. You don’t need to wager the entire amount at once and customers are allowed to place three distinct bet of €10 each. By doing so, they will receive the corresponding free bet and this is supposed to be wagered on odds of 2.00 or above.

Those who choose the Betdaq free bet will receive it automatically after meeting the wagering requirements while those who opt in for the commission will follow a different path. The 50% rebate will apply on the wagers placed over the course of three months, so this offer is more appealing for those who play the long game. Volume players and highrollers will have more to gain by choosing this offer, as there is no upper limit for the commission refunded.

Website layout, Betting option and interface

Compared to Betfair which is the representative bookie exchange, Betdaq can’t brag about the same experience but has just as many betting markets. Soccer, tennis and American sports are the ones that spend more time in the spotlight, but it is also possible to wager on MMA, rugby league and union, Formula One and other motorsports.

The UK customers represent the focal point of attention for Betdaq, which explains why so many horse racing and greyhound racing events have been added. The special bets are every bit as appealing and players can wager on the BBC sports personality of the year as well as the winner of the next X Factor.

As mentioned above, highrollers will appreciate the fact that Betdaq has a 50% commission rebate for the first three months. On the other hand, the same group of customers will be probably disappointed to see that liquidity is a serious problem and the amount of money available is not that great. If you plan on betting a lot of money on sports events, you will have to settle for lower wagers as there are simply not enough big players around to support major bets.

The issue of liquidity is less obvious when it comes to major football competitions, such as the Premier League, but it can be very frustrating for lower divisions. To some extent this is also a problem when it comes to live betting because only the major leagues enjoy proper coverage. Betting in real-time on obscure competitions is challenging and players will have to settle for lower wagers, while being deprived of the chance to watch the games in real-time.

Betdaq is a great place for those who bet on Asian handicaps, as the bookmaker margins are greatly reduced for those who use these markets. The commission rates are very low and it is now possible to pay as little as 2% which is simply remarkable and significantly better than what competitors have to offer. This is one of the things that the bookmaker does better than Betfair, so those who are willing to focus almost exclusively on these markets will find this to be a reliable partner.

In conjunction with the 50% commission rebate that Betdaq offers, it is possible to greatly reduce the edge that the house usually has. Even breakeven players hover above the profitability line at least for 3 months when the offer is available, while savvy punters make a lot of money in the long run. The only question is whether the bookmaker can afford this low levels of commissions or if they will prove unsustainable and will be adjusted in the foreseeable future.

Pros and Cons for playing at Betdaq

Betdaq has the best commission on winning bets and those who consider themselves to be successful punters will be more than happy with what these guys have to offer. A lot of money can be made in the long run but players will have to settle for relatively low wagers because liquidity is a major problem here

The odds are competitive and Betdaq will generate a nice return on investment regardless of the sport of choice, while having dozens of sports to choose from. The website is easy to navigate and user-friendly, comparable to the best betting exchanges out there and on par with Betfair which sets the industry standard. Unfortunately liquidity is a major concern and highrollers will be very limited in their ventures.

Website design and commission rates

Betdaq went to great lengths to consolidate its image and build brand awareness, with purple being the color of choice. The website is quite similar to the one offered by Betfair which is not necessarily bad given the fact that these guys have been around for such a long time. The interface is first and foremost user-friendly, something that matters a lot in this competitive niche of betting exchanges.

The entire system revolves around the back and lay squares, with punters getting to choose between these two actions regardless of sports. Once they make up their mind and back or lay a team or asset, other punters will need to bet against their proposition. The offer is comprehensive and there are thousands of markets offered every day, but unfortunately the number of registered users is not that high.

What this means is that sometimes it is difficult to find punters interested in the same game and many bets are closed before kickoff. Those who don’t mind focusing on the main divisions and wager mostly on big teams will have no such problems and liquidity will never be an issue for them. Betdaq also offers better commission rates than most of its counterparts, including Betfair, with the rate being of only 3%.

The industry standard is 5% which means that in the long run those who choose Betdaq are going to mitigate their losses while maximizing profits. Over the course of time the rates have gone up and down but they still revolve around this standard value and occasionally special promotions are unveiled. On selected games and leagues, Betdaq will offer zero commission so whatever players make as a result of placing lucrative bets, they keep.

Newcomers also benefit from such incentives and existing members can take advantage of a 2% commission on all the Asian handicap wagers. This is just one of the things that differentiate Betdaq from competitors and the fact that they also enjoy an outstanding reputation could tip the scales in their favor. The poker and online casino games are only the icing on the cake, as most of those who open an account here do it exclusively for gambling purposes.

Betdaq contact methods

Customer support is reachable via telephone and email, with players being expected to call during office hours from Monday to Friday.

There is also a live chat feature available, so you won’t have to rely on these two methods to get to the bottom of all problems.

Live chat: Yes

English

57-63 Line Wall Road, Gibraltar

Betdaq promotions

No extra promos yet!

Betdaq withdrawal and deposit options

Betdaq doesn’t offer a great deal of payment options and currency choice, with players having to rely on major credit cards and electronic wallets for deposits and cash outs. On the bright side there is no commission charged for transferring funds in either direction and the transactions are carried out with great speed. Bank wire is the preferred choice for conservative clients for both deposits and withdrawals.

Currencies
accepted:

GBP, EUR, USD, SGD

All deposit
withdrawal
methods:

Visa, Mastercard, Maestro, Neteller, Skrill (Moneybookers), Bank Transfer, PayPal, Paysafecard, Cheque

MethodMin WithdrawalMin DepositWithdrawal FeeWithdrawal
ProcessingTime
Visa Unknown EUR 10 unknown unknown
Mastercard Unknown EUR 10 unknown unknown
Skrill (Moneybookers) EUR 10 EUR 10 EUR 0 Up to 24 hours
Neteller EUR 10 EUR 10 EUR 0 Up to 24 hours
PayPal EUR 10 EUR 10 EUR 0 Up to 24 hours
Bank Transfer EUR 10 EUR 10 EUR 0 1-5 days

Method

Min. withdrawal
EUR unknown
Min. deposit
EUR 10
Withdrawal fee
EUR unknown
Withdrawal processing time
unknown
Min. withdrawal
EUR unknown
Min. deposit
EUR 10
Withdrawal fee
EUR unknown
Withdrawal processing time
unknown
Min. withdrawal
EUR 10
Min. deposit
EUR 10
Withdrawal fee
EUR 0
Withdrawal processing time
Up to 24 hours
Min. withdrawal
EUR 10
Min. deposit
EUR 10
Withdrawal fee
EUR 0
Withdrawal processing time
Up to 24 hours
Min. withdrawal
EUR 10
Min. deposit
EUR 10
Withdrawal fee
EUR 0
Withdrawal processing time
Up to 24 hours
Min. withdrawal
EUR 10
Min. deposit
EUR 10
Withdrawal fee
EUR 0
Withdrawal processing time
1-5 days
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