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Betdaq Betting Exchange
Betdaq Betting Exchange is Irish based. Its matched bets turnover amounted to €60billion last financial year and the volume is still growing fast. It was founded by Irish billionaire Dermot Desmond, whose other interests include London City Airport and Glasgow Celtic Football Club. It was launched in 2001. In January 2013 it was puchased by Ladbrokes. It has now established the role of the world's second biggest betting exchange, albeit a fair way behind Betfair.
Commission: Betdaq charges a maximum commission of 3%. This is 40% less than the headline rate of main rival Betfair, that charges 5% (this does reduce slightly the higher your turnover). Commission is only paid on net winnings on each market. If your bets in a particular event amount to a net loss, you do not pay commission.
€ / £200 FREE BET: Betdaq Betting Exchange offers €/£200 of free bets for new clients when you enter the promo code ALLBDQ03. You will be prompted for this at registration. Once you have generated your first €/£25 of commission they will release a €/£25 free bet to your account within 72 hours. After that, for every €/£100 of commission you create for them you get another €/£25 free until you have received the full €/£200. Remember they currently charge commission at 3% on net profits you make on each event.
OPINION: Betdaq is the natural second-best option and alternative to Betfair. It is a thoroughly acceptable option and their software has improved markedly from its early days. The crucial thing required for the business model to work is volume and liquidity. That means you need lots of people on the site offering and taking bets. It struggles to match its main rival in this regard but things are getting better all the time. If you don't understand the fundamentals of how to use a betting exchange and how to get the most out of one then read this excellent guide: Betting Exchanges Explained.
Our Betdaq Verdict
Last Update: Nov 29, 2013.
All about: BETTING EXCHANGES EXPLAINED