Exchange betting is different to backing your fancies with a traditional bookie. At Betdaq you will be trading with and against other punters. This means that odds are not fixed and are decided by the customer. For example you might request a bet on Barcelona to win at odds of 1/2 (1.5) and another punter might see them as vulnerable and be willing to take your bet at those odds.
More often than not, exchange odds will be better than or equal to the top-price of a traditional bookie. This means that there is abundant value to be had on this exchange. Betdaq makes its profits by charging commission on winnings. The standard commission rate is 5% but can be lowered down to 2% by accumulating loyalty points. Each £25 wagered in exchange bets will accumulate 1 loyalty point, regardless of wins or losses. Commission discounts are calculated and applied on a week by week basis.
Betdaq online betting provides exchange markets for over 15 sports. On top of this, there are markets for Virtual Sports and Politics. The full list of Betdaq sports is; Horse Racing, Soccer (football), Greyhound Racing, Golf, Cricket, Tennis, Ice Hockey, Rugby Union, Rugby League, American Football, Basketball, Formula 1, Baseball, Boxing, Australian Rules, GAA.
Betdaq football exchange betting markets covers over 50 countries. This gives access to thousands of betting opportunities on any given day. Events covered include all of the top European leagues and competitions right down to matches from lesser-known footballing nations such as Kuwait and Singapore.
The high-profile matches have the most markets, with over 40 typically available on a game from the English Premier League. These also have the most liquidity, as more exchange punters look to back their instincts on the big games. Conversely, you may find that some minor events have little in the way of market depth.
There is also a multiples area that allows you to combine football selections with bets from other sports, or simply build a footy acca. This means that you can create an accumulator using exchange prices which are often more competitive than with a traditional sportsbook.
Betdaq horse racing includes daily UK and Irish horse racing, plus in-play betting. There’s also coverage of international meetings from the likes of France, South Africa and other top worldwide venues. In addition to this, there are ante-post markets for a selection of high-profile future races.
Available markets are Win, Place, Each-Way, Additional Place and Match Betting, giving multiple ways to trade on each race. Users also benefit from Proform Racing insight, which is horse racing software designed to give you an edge.
You can take the option to end your bet early with Betdaq cash out. This gives you the opportunity to assess your chances of a bet winning and decide whether or not to accept a cash out offer. Bets in a losing position can sometimes be cashed out for a portion of your stake, thus limiting potential losses. Winning bets can be cashed out to ensure a profit and protect against a late goal or being pipped at the winning post in a horse race.
Cash out is available on football, horse racing, cricket, tennis and any market where a stack of coins is displayed above the betting selections.
As a betting exchange, Betdaq can be used to help cover all outcomes when matched betting. Matchedbets.com teaches its members how to make money from bookmaker offers and its guides explain how you can make real cash profits from free bets and bonuses.