BETDAQ Sports Betting Review (2024)

BETDAQ operates the second largest online betting exchange𝕴 in the United Kingdom, allowing users to bet against each other instead of the bookmaker. Launched in the year 2000, the platform now offers a wide range of markets to bet on, along with competitive commission rates.

⛄ The purpose of this review is to determine whether BETDAQ belongs among the best in the industry, and to see what exactly it can offer prospective punters. Read on to find out more!

To register at BETDAQ,  click on the blue “JOIN NOW” button which is present at the top-right hand side of your screen.

💯 As can be seen from the above image, the first step of BETDAQ’s registration process requires you to select your title, full name, date of birth, and email address. Once you have correctly entered these details, proceed to the second step.

The second step requires you to select your country of residence and enter your full address. Once you have correctly entered these details, proceed to the third step, 𒁏where you'll be asked to create a unique username, a password, and select a security question.

Choose the currency of your preference and enter BETDAQ’s promo code “0COMM100”♌ (we will go over the betting site’s welcome offer in more detail later on in this review). Click on the box which confirms that you are over 18 years of age, and that you accept BETDAQ’s “Terms and Conditions”, “Age Verification Policy”, and “Exchange Best Execution”.

ಌ At this stage, you can opt into receiving information about BETDAQ’s latest offers, free bets, bonuses, and live betting updates via the communication channels shown in the image above.

To deposit funds into your BETDAQ account, you must click on the blue “Deposit” button at the top-right hand side of your screen꧅. As has been mentioned in the previous section of this review, you cannot deposit funds until the betting site has verified your identity, so make sure that your documents have been fully reviewed at this point.

BETDAQ accepts a variety of payment methods, including Debit Card, PayPal, Skrill, NETELLER, and bank transfer.

The minimum deposit amount on offer at the online betting platform is £10, though bank transfer deposits have a much higher minimum rate of £200. Deposits are processed instantly and do not come with any accompanying fees. If you wish to set a daily deposit limit, this is capped at £5,000.

The same payment methods are on offer for withdrawals, which has a minimum amount of £10, while there is no stated maximum. The processing times vary depending on which withdrawal method you opt in for – in the case of PayPal, NETELLER, and Skrill, for example, the wait time is anything up to 24 hours. In the case of debit cards and bank transfer, transactions should take up to 5 days. In addition, withdrawals made with all payment methods mentioned here are free of charge.

The bookmaker may ask you to upload documents to verify your identity🍰 when you initiate your first withdrawal, if you make a particularly large withdrawal, or in due course of subsequent withdrawals.

To opt into BETDAQ’s welcome offer, enter the promo code “0COMM100” while you are registering your new account. New qualifying customers will have their account commission rate set to 0% for the first 100 days.

This promotion is available until the 31st of December, 2023, and the qualification period is 100 days🍬 from the date of registration. Only deposits made via debit card qualify for this offer. This promotion cannot be used in conjunction with any other promotional offer.

Other ‘New Customer’ offers

Unfortunately, BETDAQ have always been lacking when it comes to promotions for existing customers, with very few having been provided throughout the years. At the time of writing, there are actually none available for the sportsbook or the exchange.

🌳 This is in stark contrast to the abundance of welcome offers up for grabs, which, at least, are quite generous and should provide you with quite a boost to start off with.

VIP Programme

Currently, BETDAQ does not offer a VIP programme or a loyalty reward system of any kind💖. We consider this to be somewhat of a letdown, as these schemes often contribute towards attracting new customers and retaining loyal players. Given the betting site’s stature in the United Kingdom and overseas, we hope that BETDAQ provides a VIP programme sooner rather than later.

Presently, BETDAQ offers odds on over 17 sporting disciplines, including football, horse racing, greyhound racing, cricket, and virtual sports, along with much less popular, niche market such as Gaelic football and hurlingﷺ. This ensures that bettors have a variety to choose from.

The minimum stake that you can place on a sports-based betting market is 50p. The maximum stake༺ amount varies from sport to sport, and depends on the number of selections that you have made and the odds that you are backing.

Before placing a sportsbook bet, however, it is important to calculate the margin of profit that a betting site is charging.

The higher this margin is, the lower your chances are of winning a placed bet. You should look at punting on betting variants with a margin which is nearer to the 100% (ideal) mark, rather than betting variants with a margin which meets or exceeds the 110% mark. To calculate this margin, you should determine the Odds Overround for a betting variant in question.

ꦐ To determine the odds overround for a betting variant, you must first convert each fractional outcome of a betting variant into the decimal form. Once you have performed this conversion, you must divide each of these outcomes by 100 – add the resulting numbers together. With the help of the resulting number, you can determine the margin of profit that a betting site is charging you.

To help you understand this concept, we calculated the odds overround for a match to be contested between Stuttgart and Hamburg in the German Bundesliga. The odds overround were found to be 109.49. This indicates that BETDAQ offers competitive odds,⭕ albeit on the higher side, and active sports-based betting markets.

BETDAQ also offers sports pools (on Football and Horse Racing). Pool-based betting♍ involves you either betting as a “Solo” punter as a member of a “Syndicate”, or as a “Captain” as a part of your own Syndicate.

However, the main attraction of the site is its betting exchange❀, which is the second-largest in the UK and is backed by good liquidity.

As is common knowledge, an exchange means that you either lay or back a bet.

💝 When you are backing a bet, you are backing an event to result in a win.

Your placed bet may be countered by a customer who is laying your bet, or in other words is betting against the outcome that you favour. When a customer is laying a bet, he is, in turn, acting as the bookmaker,♔ and offering you odds for a bet that you want to place.

Esports

In what will be a disappointment to some, there are no esports markets available at BETDAQ. However, you can always check out our dedicated articles on Counter-Strike: Global Offensive, Dota 2, and StarCraft II𒈔 to see other alternatives that support these options.

Other Specials

🐲 Specials betting refers to a type of wagering on a non-sports events such as politics, reality TV shows, or even weather. Examples of such markets could include the next president or prime minister of a country, the winner of a reality show, or the number of inches of snow that will fall in a specific city during a certain month.

Presently, BETDAQ offers politics as a specials market, with US politics, UK politics, and Irish politics being the categories available at the time of writing. Respective options include the next English Prime Minister as well as First Minister of the Scottish government, the winner of the 2024 US election, and the next Fianna Fail Leader, as well as who will be the next president after Michael D Higgins.

Cash Out and Bet Builder

Presently, BETDAQ is among the best betting sites with cash out , but they don't have a bet builder♎. Given the fact that the latter allows you to create a custom-made bet with a combination of outcomes and selections to your liking, this is undeniably a dent in BETDAQ’s betting armour.

Still, though, cash out is a highly useful tool which allows you to settle your bets before the event you bet on has finished. This means you can choose to take a return on your wager before the final outcome is known. Depending on the odds in favour of your placed bet at the time of initiating a cash out and its exact instance, you could end up retrieving more or less than the initially placed stake.

Cash Out is generally used when punters feel they may lose a placed bet, enabling them to lock in a profit or minimise a loss rather than losing everything. Either way, you must ensure that you initiate a Cash Out before the completion of an event that you have bet on.

🅰 To access BETDAQ’s in-play section, click on the “Sportsbook” option present on the betting site’s main navigation bar at the left-hand side of your screen, followed by the “In-Play” option.

💃 At the centre of your screen, you will see the various in-play matches on offer at the betting site at that moment. Click on an in-play match of your choice.

BETDAQ offers a wide variety of betting markets and an equally impressive offering of unique and popular betting variants. Players can also livestreamꦍ horse racing and greyhound racing, and access in-play visualisations, the option to cash out, and a live scorecard with second-by-second live updates.

For football in particular, upon clicking on a match of your choice, if you look at the right-hand side of your screen you will see match facts, a league/tournament form guide, and head-to-head results, among other statistical insights.

💝 BETDAQ ensure that all transactions that place over the betting site are done so in a secure manner, with your personal identification information and stored funds safe from fraud and malicious parties. The site itself is also licensed and regulated by the .

If you scroll down to the bottom of your screen, you can access BETDAQ’s “Responsible Gambling” section ꧑where you can find information on how to practise a safe mode of betting, a responsible gambling questionnaire, underage gambling information, parental filtering solutions, and additional sources of help.

There are also several responsible gambling tools available to use. First and foremost, you can set a daily, weekly, or monthly deposit limit, as well as a stake limit. If you need constant reminders as to how long you have been betting on the platform, you can make use of the betting site’s reality check feature.

If you ever feel the need for a temporary break, you can take a Time Out. If you need an extended break, you can self-exclude for a duration of six months or more at a stretchღ. It must be noted that you cannot access the betting platform during this time.

To access BETDAQ’s “Contact Us”ꦉ section, you must scroll down to the bottom of your screen, and click on the respective option. As can be seen from the above image, you can contact customer support via live chat, email, and phone.

During the week, from Monday to Saturday, live chat🐎 opening hours are between 9am to 8pm. On Sundays it opens slightly later at 9:30, but still closes at 8pm.

💟 While these are decent hours, if a match takes place later on at 8pm on Monday, for example, punters won’t be able to contact BETDAQ immediately should any issues arise with their bets, which could be frustrating.

🦹 There is also a phone line service for those who prefer to call. The opening hours are similar to that of the live chat services; however they remain operational till 9pm rather than 8pm.

❀ While a 24/7 option for customer service would be the ideal, what is available is still quite good and accessible.

🌳 As can be seen from the above image, if you choose to make use of BETDAQ’s on-site email form, you must enter your registered email address, the subject of your inquiry, your full name, type out your question, select the category of your inquiry, attach documents, if any, and click on the purple “Continue” button.

BETDAQ offers a dedicated “Help” centreꦺ as well, with several pre-answered questions. You can access this section by clicking on the respective option present at the top-right hand side of your screen.

🎃 BETDAQ’s website has a simple design with easily accessible features. The site is set in a colour combination of purple and white. While the website’s build does not exude fanciness, its features more than make up for a simplistic outlook.

The main navigation bar consists of options to access the betting site’s “Exchange”, “Sportsbook”, “Casino”, “Promotions🔯”, “Trading Tools”, “BETDAQ Tips” and “Safer Gambling” sections.

If you click on the “Trading Tools” section, you can enhance your exchange experience by making use of API integration and /or free trading software tools.✅ There are several tutorials on offer for beginners as well.

We highly recommend checking this section out, especially if you are new to exchange betting. We also recommend our detailed betting exchange guide for more information.

If you click on the “BETDAQ Tips”💦 section, this will lead you to a separate site entirely, where you'll find helpful tips, strategies, general information, and the latest sporting news. As we always say, a little research can go a long way in betting, and BETDAQ makes this even easier for you.

If you look at the left-hand side of BETDAQ’s homepage, you will see a “Popular Links” header under which you will find options to access coupons💛 as well as and all other major events and sports happening at the moment.

ꩲ Just below these options is BETDAQ’s A-Z sports menu. At the centre of your screen, you'll see markets for in-play matches, while your current bet slip can be accessed at the right-hand side.

꧋ If you scroll down to the bottom, you'll find the site's Terms and Conditions, as well as links to the “Responsible Gambling”, Privacy Policy”, “Cookie Policy”, and “Contact Us” sections. You will also see options to access some quick links, various organisations BETDAQ is affiliated with, and the payment options on offer.

BETDAQ offers betting apps💫 for both its sportsbook and exchange, available for both Android and Apple users.

The Sportsbook app offers live horse racing and greyhound racing streams, in-play visualisations, a plethora of options to customise your betting experience, up-to-date prices, a user-friendly experience, a comprehensive soccer stats feature, security, cash out, a unique-to-app search feature and an option to log in to your account via fingerprint authentication.

Most importantly of all, BETDAQ’s Sportsbook app allows you to bet on the go without having to access a laptop or a desktop computer. The same sports-based promotional offers found on the main website are also on offer on the app🐽. The Exchange app also meets these same high quality and standards.

To access BETDAQ’s “Casino” section, click on the respective option present on the betting site’s main navigation bar. Players can find table games (blackjack and roulette), slots, jackpots, arcade, and virtual Sports (virtual horses and greyhounds).

ꩲ You'll also find many live table games, as well as a dedicated section for poker, all accessible from the comfort of your own home.

BETDAQ has hundreds of slots to chose from, including many Megaways™ titles as well as games from NetEnt, 🦄making it great for players who love a bit of everything.

Having gone through each of the bookmaker's features in detail, we have arrived at a concrete conclusion: BETDAQ offers a fantastic product and platform overall𝓡. The betting tips and tools adds some amazing value for punters. Be it the Exchange, Sportsbook, or Casino – BETDAQ has you covered!