Betdaq Review – Read our Bookmaker Rating in 5 Mins
Betdaq was set up by Irish businessman Dermot Desmond in 2000 but was acquired by Ladbrokes International PLC in 2013. It is now the second largest betting exchange operator and is powered by a betting exchange platform operated by Exchange Platform Solutions Limited which matches more than £75 million worth of bets each week. You’ll notice a running ticker tape line on the top of the website which tells you about new offers and games with the tagline, “We’re serious about sport!”. Betdaq covers all the main sports, such as football, horse and greyhound racing, tennis, golf, Formula 1 and rugby, as well as more minor sports such as Gaelic football and MMA. You can also gamble on political issues or virtual sports, which is great if there isn’t a decent match or race on. Betdaq also has a good range of casino games including blackjack, roulette and slots.
Betdaq is a serious sportsbook with chances to win amazing money. We like the amount of information, tips and free advice, which is why our Betdaq rating is 81/100. You can also read OpenOdds article about the best online bookmakers for more information.
The result of the OpenOdds Betdaq review
Our Betdaq review shows this bookmaker has plenty of free information to keep you on the site. It’s comprehensive and better than many sports newspapers with previews, Betdaq tips, and articles explain different ways of placing bets, such as lay betting or decimal betting. You’ll also find some life-changing jackpots worth millions and several downloadable trading tools which make it easier to bet or trade. Betdaq is differs from traditional bookmakers in that gamblers bet against one another instead of using the odds set by the bookies. There’s a variable commission charged on all winning bets.
Whilst other bookies incorporate a sense of fun, either through their advertising campaigns or the overall feel of their website, Betdaq has a professional tone. This will please newcomers and experienced gamblers alike because you can learn more about different bets and become more knowledgeable about your favourite sports. It is crammed full of information and has some complicated betting structures – for example, you can choose whether to back or lay bets, choose under or over goals in football, or opt for Asian handicap betting in football. The attention to detail is superb, particularly if you are passionate about a specific sport.
Betdaq experiences: Top points in our Betdaq Sportsbook Review
- Many different types of bets.
- Easy-to-use website covering all sports.
- Downloadable trading apps for easier gambling.
- Great free tips, previews and advice.
- Wide variety of national and international sports.
Betdaq: Our comprehensive review of this new bookmaker
Our OpenOdds team has carried out thorough research for our Betdaq review and, like all the other bookmakers we have looked into, it has been examined in 10 categories.
- Betting odds
- Customer service
- Sports covered
- In-play product
- Payment methods
- Other products
- Betting limits
1.) Bonuses: Free tips and previews make up for lack of bonuses
You will find better promotions offered by other high street bookies but the professional quality of the Betdaq bonus sets it apart and so it doesn’t need too many offers. With the Betdaq bonus, new customers can get up to £25 in free bets but there is a very generous welcome offer of 50% of the Betdaq commission up to £1,000 refunded for new customers in the first free months with the Betdaq promo code ‘BDQHALF’. Betdaq also encourages bettors to keep checking in with daily bonuses as well as match betting on virtual games and races where you bet £10 and get £10, or a more attractive offer of betting £10 and getting £30 on Betdaq casino games. Obviously terms and conditions apply, so always read the small print. If it’s bonuses you are after, then you will find better deals elsewhere but Betdaq has many other features which makes it feel as though you are getting a lot of information and facts for free.
2.) Betting odds: Odds determined by a free market
Betdaq offers exchange betting on sports which basically means the prices are determined by a free market rather than being set by a bookmaker. This means the odds can vary greatly from those set by traditional bookies so it is worth looking at the betting odds comparison between exchanges and bookmakers. Basically, gamblers are betting against each other rather than against Betdaq. The advantage is that people can back a bet that bookmakers would not because of the high risk involved. Gamblers also have the option of lay betting or backing a selection to lose. OpenOdds likes the broad range of betting strategies and wide variety of odds on offer at Betdaq as well as the chance to place lay bets.
3.) Customer service: Many ways to get in touch
Customer service is good, although the Betdaq live chat is not always available for an instant answer. You also have the option of asking the support team a question, emailing firstname.lastname@example.org or calling one of three phone numbers: 08701781 021 from the UK, 01 673 3360 in Ireland and +353 1 673 3360 for international calls. The 0870 number could be costly if you are kept on the line for some time and so is best avoided. You can also send a fax to +353 1 6733396. Betdaq also has an FAQ section, so it is best to start here as your query may already have been addressed. We have given Betdaq an extra point for customer service for asking for feedback to find out how the site can be more useful to you.
4.) User-friendliness: Packed with information to help bettors
Our Betdaq review found the site easy to use. It looks busy but that’s simply because there is so much information there. We like the fact there are popular links at the top left so you don’t have to search for the best bets. Horse racing enthusiasts will be pleased to see the racing results and replays are in this link. In play also features prominently so you know what is coming up. Enter your Betdaq login for access to the live videos and all features. Other sites do look cleaner and Betdaq can look a bit cramped but once you get used to it, you’ll find it very informative.
5.) Sports Covered: Quality rather than quantity
Other sportsbooks offer a bigger range of sports but Betdaq covers the most popular ones such as horse and greyhound racing, football, golf, Formula 1 and darts. There are about 16 different sports altogether including rugby, American football, ice hockey and Gaelic football. You can also gamble on political issues such as the American elections. We like the virtual sports where you can bet on virtual sports including horses, greyhounds, football, speedway, cycling and motor racing. You usually only have to wait a few minutes for a game to start so it’s a fun punt out of season or if there is very little actual sport going on. The range of sports may be limited but the type of bets on offer is broad with this bookie.
6.) In-play product: Limited sports but good coverage for popular games
Again, in-play covers the popular tournaments with a good range of bets to pick from. Football is a firm favourite with the chance to choose popular markets, goal markets, Asian handicap betting, or special bets such as first goalscorer or player to score. The In-Play section is comprehensive and covers sports around the world. Many sports are also streamed to add to the excitement. Although the types of sports are limited, most bettors will be satisfied with the In-play offered by Betdaq.
7.) Payment methods: Popular cards and methods apply
The Betdaq Deposit & Withdrawal methods are pretty standard. Betdaq accepts Visa, Delta, MasterCard, PayPal, Neteller and Skrill. Once you have registered, you can deposit funds. There’s no charge if you use a debit card and you can deposit up to £5,000 a day once you have filled in the ‘Know Your Customer’ requirements. There is a small percentage charged if you use a credit card to pay the cost of the transaction. Electronic wallets such as Neteller and Skrill are also have a deposit fee. The minimum deposit is £10, while the maximum varies. You can ask for the deposit limit to be increased by contacting the help desk. You can also make deposits by bank transfer although this can take a few days to come through to your account. If you want to withdraw funds, the easiest way is by debit card such as Maestro, Delta, Solo, Electron or Laser, which takes up to 24 hours to be processed, free of charge.
8.) Other products: Playing games and life-changing jackpot prizes
Whilst Betdaq concentrates on serious betting, you can also play games such as blackjack, roulette, card games, virtual sports and slots. There’s the choice of playing for money or just for fun. There is also the Colossus jackpot with the chance to win serious money – we’re talking millions of pounds – as well as the pools. For the jackpots you might have to pick the correct scores, or pick home win, draw or away win on selected games. These all bring additional value to the site and we are particularly impressed by the jackpot payouts. Although there isn’t a casino, the games offered are of a good quality and we don’t think a virtual casino would sit well with this brand. Professional gamblers may be interested in the Betdaq API where they can build their own customised trading applications or automate their trading strategies. As well as trading apps to download for ease of use, there are also betting apps available for Google and Apple.
9.) Security: Is Betdaq safe to use?
Security is tight; card details are encrypted when you deposit money. Betdaq’s secure payment service providers are PaymentTrust and Allied Irish Bank. Security procedures are reviewed to make sure they are at the highest level possible. Funds are also held in a members funds and by a trust company to protect customers’ money and to preserve Betdaq’s integrity. If you contact the help desk, you will be asked to confirm security questions so that no one else can access your account. Bets made by customers with accounts registered in Great Britain are regulated by the British Gambling Commission. Betdaq’s owner, Ladbrokes, is also licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner. So, is Betdaq safe to use? With these measures, we believe it is.
10.) Betting limits: Customer decides
Betdaq allows customers to decide their deposit and stake limits so the choice of stakes is down to the individual. This makes this bookie suitable for large-scale, professional gamblers, companies and syndicates. The only thing which might prevent people making massive bets is the limit on the amount of money which can be deposited per day. The possibility of sticking on a huge bet means customers need to be extra vigilant about security – always logging out correctly and not giving their password to anyone else.
OpenOdds tends to agree with other Betdaq reviews that the site is visually busy, which could be off-putting. However, we are fans of Betdaq for professional and serious gamblers who want to place large wagers for the best odds. The site has many different types of bets and is packed with useful information. If you see gambling as more of a career choice than a hobby, Betdaq is the right sportsbook for you. Occasional punters may prefer some of the other bookies which are visually more fun. Betdaq is licensed, secure and easy to contact so you know your money is in safe hands. What it lacks in bonuses and promotions, it makes up for in free tips and top bets. The odds are also not fixed by the bookmaker but are determined by a free market so are more flexible. The Betdaq app also allows you to place a bet or check your betting slip wherever you are.
Betdaq: Opinions & Experiences of actual users
Do you agree with our Betdaq review? Do you agree with us or any other Betdaq reviews? What would your Betdaq rating be? Now OpenOdds is looking for your opinion of Betdaq! Write your own Betdaq sportsbook review and give us a brief description of your experiences with this betting exchange. It does not matter if your opinion coincides with our review or not because your Betdaq review can be of great help for others in the OpenOdds community when making a decision!