Betdaq is a successful hybrid between a bookmaker and a betting exchange, combining the best of both worlds.
Its purpose is to serve customers who bet mostly on sports, without ignoring casino fans and poker players. They are doing their very best to close the gap separating them from established operators, with the main competitor being Betfair.
Members have good reasons to rejoice, because these guys offer better margins and have also introduced many popular features used by other betting exchanges.
Sports betting offers
Football and horse racing represent the best market and also the ones that don’t suffer from issues associated to liquidity. The reason is that customers from the UK and Europe are big fans of these sports and there is always someone willing to back or lay a team. On the other hand, if you prefer to bet on American sports, tennis, rugby and MMA you can do it and benefit from the same juicy odds.
Players get to choose between two different bonuses when signing up, with one option being to receive €30 up front. This type of offer is more conventional and will appeal to those who want to have more money right from the start, and don’t mind the fact that the amount works as a free bet.
They will need to focus on events that have decently high odds, so that the return on investment will make the effort worthwhile. The stakes are subtracted after the wagers are settled, with only profits remaining.
The other alternative is to benefit from a package that has 50% commissions on all the bets placed over the course of three months.
This is a better choice for those who can afford to deposit more money and plan on betting on a daily basis, since they will pay smaller fees. 90 days is a lot of time and if you are active enough, it pays off to choose the commission package over the free bet.
Deposits and withdrawals
All major credit cards are accepted and Betdaq and they can be used to fund an account or two cash out funds without commissions or hidden fees.
Bank wire has lost its appeal over the last couple of years, but it is still a valid option for conservative customers who are overly concerned about the security of their transactions.
Betdaq does everything by the book and has a website that doesn’t stray too far from the basic concepts that made the first betting exchanges so popular. When signing up, players are presented with the two bonus options and more information can be provided by the customer support.
These guys only work from Monday to Friday, so you will need to ask your questions during those five days. Email and telephone support are available, while a live chat feature is still on the wish list.