Horse Betting
Sports
98/100
Rating
Betdaq Horse Betting Bonus
BET £10, GET £10
*****
Go to Betdaq Horse Betting
Highlights
  • Top UK betting exchange
  • Decent welcome bonus
  • Squares nicely up to Betfair
84/100
Rating
Betdaq Sports Bonus
BET £10, GET £10
*****
Go to Betdaq Sports
Highlights
  • Amazing sports odds
  • All major sports
  • Live streaming included

BETDAQ Review 2022 & UK Horse Racing Rating

Comprehensive BETDAQ Horse Betting Review

If you’re looking to bet against the bookies and other punters on a range of worldwide horse racing markets, read our BETDAQ review, then sign up to BETDAQ today and claim their great welcome bonus!

BETDAQ makes it more than easy for you to fund between your sportsbook and exchange accounts. It should then come as little surprise to you that our BETDAQ horse racing review found BETDAQ to be the top exchange for punters who like the best of both worlds. 

BETDAQ: The good stuff (and not-so-good)
  • Worldwide horse racing options
  • Betting exchange and sportsbook under one roof
  • Bet £10 to get £10 welcome bonus
  • Upto £1000 cash back on bets in 1st 30 days
  • No casino bonus

Want to know what makes BETDAQ even better in our eyes? Well, it’s the fact that you can get up to £1000 cash back on bets made within the first 30 days of opening your account! You’ll also find a £10 welcome bet available both in the sportsbook and exchange or you can opt-in for a Virtual betting welcome bonus.

Introducing BETDAQ

BETDAQ is a sports betting exchange that opened in 2000 and has since passed into the hands of the Ladbrokes Coral Group. With that massive player in the gambling industry behind them, they naturally have a hand in sponsorship. BETDAQ racing is one such area and that’s no surprise given their background in Ireland. This brand sponsors the Punchestown Champion Hurdle at the end of National Hunt season Punchestown Festival. Read our BETDAQ horse racing review for more.

Established at the turn of the century, BETDAQ originated in Ireland but has its headquarters in Gibraltar and retains licences for the British and Irish markets through the UK Gambling Commission. With the holding company acquired by Ladbrokes in 2013 and that huge bookmaker, in turn, merging with Gala Coral, it is now backed by one of the biggest groups in the betting industry that is worth billions. This Horsebetting.com review is out to answer questions such as “is BETDAQ horse racing reliable?” and so much more besides, so let’s dive in.

Company
Sport
CompanyLC International Limited
HeadquarterSuite 6, Atlantic Suites, Gibraltar
Year of Founding2000
CEOMichael Boylan
Web Sitewww.betdaq.com
Available LanguagesEnglish
Customer SupportLive Chat, Email Support
Email[email protected]
Phone+353 1 556 6222
Licence54743
UKGC - UK Gambling Commission
Verified byGamStop
GamStop
Payment Methods
Credit Card
Neteller
Skrill
PayPal
Visa
Mastercard
Show More
Betting Markets0
Live StreamsYes
Odd Level89.25%
Sports
Betting Tax-
Sports12
Cash OutAvailable

BETDAQ Welcome Bonus

Sign up to the BETDAQ exchange today and new customers can get up to £1000 cashback on your bets for the first month (set at 30 days from opening your account). All you have to do is opt in to this promotion during registration using the BETDAQ bonus code DAQBACK. While this incredible introductory offer doesn’t cover any multiples you place on the exchange and cannot be used in conjunction with any other offer, you will receive the funds within 72 hours of your first month ending. Further terms and conditions apply. You must be aged 18 or over to gamble in the UK.

BETDAQ reviews

One thing that underpins all exchange betting is commission, but BETDAQ are charging all customers a flat rate of 2% on all exchange sports. Commission isn’t something you’ll find mentioned in our Betway review or Sporting Index rating, but that’s because they offer a fixed odds betting service rather than exchange markets.

There is also the bet £10 to get £10 new customer offer for both sportsbook and the BETDAQ exchange. Use promo code BDQ10 after making your first bet on either platform at minimum odds of evens (2.0) and you make a deposit via debit card. Any new customers using Paypal, Neteller or Skrill will not be eligible for this offer and further terms and conditions apply.

Finally, virtual betters can also take hold of a Bet £10, Get £10 deal. However, the bonus bet is only paid out if your initial bet loses. Your qualifying bet must be played on exchange or sportsbook markets with odds of 2.0 or greater within 14 dyas. If your bet loses and you receive a bonus back, it will need to be used within 7 days on odds of 1.5 or longer.

The fact that there is a choice of welcome offers here means we can score them higher than the Mark Jarvis rating and many other betting sites.

We’re going the extra mile compared to other BETDAQ horse racing reviews and now take you through all those initial stages that are related to signing up to a sportsbook or betting exchange. There are easy-to-follow instructions for registration, making a deposit, placing that first horse racing bet, and withdrawing any winnings you make. Use your BETDAQ account in comfort thanks to our step-by-step manuals below. We keep things simple, so you can feel confident in your betting experience with them.

Usability, Look & Feel - BETDAQ Ratings

How does it feel to use BETDAQ? Take a look at our BETDAQ ratings. Is it better than the findings from our Betfair sports review or NetBet sportsbook review? The fact that you can toggle seamlessly between the fixed odds sportsbook and betting exchange, where you gamble against fellow punters, with a simple click is quite remarkable. The purple associated with this betting brand and its logo is also incorporated into the design of the site which makes great use of white space. There is a clean feel and vibe to BETDAQ.

As a big betting sport, horse racing naturally features prominently across both platforns. Back and lay markets on the exchange sit side by side, so you can see where the money is going in both directions from other transactions and bets taking place. It is easy to use and has a great look overall. Make sure you check out our Betway rating for site design.

BETDAQ have an app that you can download for free for Android and iOS devices that brings the exchange experience to your tablet or smartphone. The beauty of a sports betting app like this is you can take your gambling with you everywhere you go. One or two reviews suggest that BETDAQ could make the experience a little slicker, but that’s a minor complaint when you consider you’re carrying round an entire betting exchange with you. Don’t forget about the mobile site, which gives a similarly streamlined gambling experience in your device’s web browser.

Exchange bettors should make use of the ingenious API and tools provided by the site to make your experience that much sleeker and simple.

How to Open Your Account

Step 1: Click on the “join here’ button at the top of the BETDAQ home web page. You will then be taken to a page where you need to fill in your details. These details include your name, surname, date of birth, email address.

Step 2: You will now need to enter your location details such as your country of origin, state/county, town/city, address, and postal code. Lastly, you will enter your mobile number.

Step 3: Lastly, you will need to select the username and password of your choosing, followed by a personal security question and its subsequent answer. Select your preferred currency and should you have a promo code enter it in. Finally, confirm the terms and conditions. You are now ready to open your account.

Payment Methods

One area where BETDAQ horse racing ratings are also likely to be high is when it comes to payment methods. Much like what we found in our Jetbull legit review, there’s a great mix of traditional options like bank transfers and debit cards available, but also modern digital age innovations such as eWallet services Neteller, Paypal, and Skrill. All you have to decide, then, is which to choose to fund your bets at one of the best online horse racing betting sites. There are pros and cons to all but transfer times, especially for withdrawals, can vary depending on your selected method. See more details in the betting limits section and our payment table below.

Making a First Deposit in our BETDAQ Review

  • When logged in to BETDAQ, click on ‘Deposit’. As this is your first time, you must choose a payment method to transfer money into your account.
  • Now enter related details to the payment option you chose. This could be a debit card or one of the increasingly popular eWallet services.
  • Next decide how much you want to deposit, enter the amount and confirm this request by typing in your account password. Click ‘Deposit Funds’ to complete the transfer.

How To Withdraw Your Winnings

  • When logged in to BETDAQ, there’s a dropdown menu next to the username. Click on this and select ‘My Account’ from the list of options.
  • The banking header now appears on the left-hand side and you’ll find the available withdrawals options under this.
  • Select a method to withdraw by clicking next to those listed. Please note these may be restricted depending on what deposit methods you’ve used in the past.

Withdrawals are usually processed within 24 hours. It can then take a further 1 to 5 days to receive the funds, depending on which type of payment solution you are using.

Customer Service

Is BETDAQ horse racing good on the customer service front? The exchange is supported by a live chat function with hours of support varying from 9 am in the morning to 9 pm at night UK time. You can talk through any queries with a real person using that or calling their freephone number.

Possible BETDAQ scam?

There is no sign of any possible BETDAQ scam. Not with the amount of support on offer. There is also a Frequently Asked Questions (FAQs) section on the site which aims to provide answers that are commonplace. Support is also available via email if you want to get in contact that way, so BETDAQ have pretty much got all bases covered in this regard – keeping them in line with our Sponsiobet rating and Betsafe sportsbook review. Many have wondered, “Is BETDAQ legit?” and it’s clear that they are.

License & Security - Is BETDAQ Legit?

We asked ‘Is SportNation legit?’ and so it’s vital that we ask the same of BETDAQ. It is imperative that online bookmakers maintain a safe and secure gambling environment for their punters to feel at ease in. As such, BETDAQ have all the necessary regulations and checks in order via their licensing and SSL. This boosts BETDAQ ratings substantially.

Licensing: The BETDAQ casino is not a fraud or a scam site. It is owned by Ladbrokes and is licensed under the United Kingdom Gambling Commission (UKGC), which is the online gambling regulator for operators that serve players in Great Britain. BETDAQ also has a license from the Alderney Gambling Control Commission for those outside of the UK and Ireland. It’s also worth knowing that Ladbrokes, which is the parent company, is also part of the Gibraltar Betting and Gaming Association, which is a consortium of Gibraltar-based gambling companies.

Data and site encryption: BETDAQ uses the 246-bit Cloudflare SSL Certificates, and it claims that they regularly check the security certificates to ensure the financial data is not compromised. Additionally, BETDAQ UK also uses Visa’s 3D Secure technology which is to resist online bank card fraud. This same technology is employed by several banks around the globe, so any customers who use Visa to pay for bets or deposits can be backed up by the technology if they have opted into it.

Thus, the question of whether “Is BETDAQ legit?” has been answered with a clear yes. Check out how we answered the same question with our PointsBet US review.

While there is no VIP club or standard loyalty programme on the betting site, Exchange players can earn points for every bet they make, but they are not redeemable for cash. Bettors can earn one point for each £25 they spend on the exchange.

Betdaq Horse Betting

Betting Markets

If sports betting on the exchanges isn’t absorbing enough for you, or you just fancy a change of scene, then be sure to visit the BETDAQ casino! This sister platform sits alongside the exchange and your one account covers any wagers your place on any number of table, slot and card games that can be found there. You can even play for free (and no winnings) while you get to grips with roulette, blackjack and whole host of others. See how this compares with what we found in our Ruby Bet review.

Live Betting

Another huge advantage to using a sports betting exchange like BETDAQ is they can cater for punters who want to bet in play on horse racing. Bets in running are common on the exchanges as the technology developed to do it is there. It’s a massive plus and there are of course what you might call more traditional in play betting options on other popular gambling sports like football too. BETDAQ definitely stands out from regular bookmakers and even Racebets reviews in this regard though.

Odds

As BETDAQ is a betting exchange and you’re gambling against fellow punters, there’s no best odds guaranteed on that platform, but you can get it for all UK and Irish horse races on the sportsbook. You can either take a price to win or lay a bet if you think a particular horse will lose. The beauty of this exchange is you can be far more sophisticated than that by the back/lay dichotomy has evolved into each-way and extra places markets as well as ante post betting. You can often find even better odds on an exchange than with the bookmakers. All of which shows that this could be one of the best horse racing bookmakers.

Betting Margins

We’ve touched on how exchange betting has commission underpinning it above, so with BETDAQ charging all customers just 2% on every sport in the exchange, it’s easy to see what the betting margins you’re operating in. How does this firm compare to others and most notably to sportsbooks, though? Check out our table below for all the figures. Plus see our SponsioBet rating for odds here.

As you can see, we’ve split our percentages table on the betting margins behind big gambling sports into two different types. One figure is all about your regular markets that close when an event gets underway. The other is for in-play betting. Seeing how these in turn compare is also useful for you.

Betting Limits

If using BETDAQ exchange for horse racing or any other sport, there’s great news in that no maximum cap for winnings exists on this platform! The minimum stake, meanwhile, is £1 which is pretty decent compared to major bookmakers but if you’re betting on the exchanges then you’re likely to be a serious gambler. If you’re sticking to regular single bets, we highlighted above that a current promotion offers just 2% commission on exchange bets. That means there’s only a tiny amount to pay to the exchange for betting!

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Betdaq Sports Betting

Betting markets - Plenty of choice at the Betdaq sportsbook

OK so you’re here for horse betting, but we still think that Betdaq is worth a look for your regular sports bets. After all, this site has thousands of odds for sports taking place all over the world and you’ll get plenty of choice in how you put your bets down. There are too many sports to list here but they include football, boxing, cricket, darts, Formula 1, golf, greyhound racing, ice hockey, rugby, tennis, basketball, baseball, American football and much more.

You’ll be given access to a good amount of betting markets for each elite sporting event. For example, an international football match will let you bet on things like total goals, both teams to score and so on. Plus we have to remind you of the fact that the Betdaq exchange allows you to lay your sports bets.

Odds - Why Betdaq is a market leader for sports betting odds

First of all, the standard Betdaq sportsbook has odds that are just as good as you’d get at any other leading sports betting site. We checked out its odds for a T20 cricket match and found that Betdaq could easily match what was on offer elsewhere.

However, things get really interesting when you visit the exchange. This is because you’ll be betting against other people and as such you’ll often see much better odds. Obviously, you’ll need to factor those 2% commission fees on your winnings, but it’s harder to argue with the odds on offer here.

Live betting & streaming – Live stream your sports bets at Betdaq

One of the more enjoyable reasons to come to Betdaq is the fact that the brand puts on free live streaming for a fair amount of events. To be fair much of this is focused on horse racing, but you’ll still get a fun and fast way to bet live on everything from football and rugby to cricket, tennis and beyond. While we didn’t find the greatest number of live betting markets, there’s enough here to cater to most casual sports betting fans.

Limits - Competitive maximum win limits at Betdaq

We found that you can win anywhere up to £1 million when you bet on elite level football at Betdaq. These bet limits come down to around £25,000 for sports like snooker, but it’s still a fair amount of money. We should mention the fact that there aren’t any winnings on your limits when you play at the Betdaq exchange. Just so you know, each individual sporting event has its own minimum and maximum bet amounts.

Conclusion - Simply a great sports betting platform

We loved betting on sport at Betdaq. This is because the bookie gives you a fast and fun way to get some competitive odds for all major sports. The focus is probably going to be on the Betdaq exchange, but even the standard sportsbook is worth a look. If we had any criticisms, it would be that the scope of betting markets is a bit more limited compared to some major bookmakers, but that wasn’t a big problem for us. All of which means that you should definitely factor in Betdaq if you ever want to bet on sport.

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Conclusion of our BETDAQ review

That’s a wrap for this BETDAQ horse racing sportsbook review, so what have we discovered about this betting exchange? Firstly it’s one of the best horse betting sites UK has at the moment. With best odds guaranteed for UK and Irish meetings on the sportsbook, chances are you’ll get an even better price backing or laying horses on this platform where you’re up against fellow punters. The exchange experience is more sophisticated than ever with ante post, place and in running markets to pick from. A solid customer service and more than decent betting app are big pluses, not to mention there’s no ceiling to what you could win by betting through BETDAQ!

It’s fantastic that the exchange is currently offering 2% commission on non-multiple sports bets, so there’s the tiniest of betting margins there. Cashback up to £1000 for your first month when joining BETDAQ as a new customer is a huge incentive for anybody who likes to consistent put bets on. They really are offering a stellar all-round service with the casino platform offering a genuine alternative to gambling on sports. There’s precious little to find fault with, as our BETDAQ horse racing review has concluded. It is easy to see why it scores higher than the Jenningsbet review or the Geoff Banks rating for coverage of this sport. If you enjoy bonuses, take a look at the latest Bwin welcome bonus code.

If you’ve had a gambling experience or two on the exchange, then we’d love to hear from you! Sign up to Horsebetting.com for free, post a BETDAQ review or comment help us give BETDAQ horse racing a rating to help other members of the community.

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Betdaq Horse Betting Bonus
BET £10, GET £10
Betdaq Review
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Highlights
  • Top UK betting exchange
  • Decent welcome bonus
  • Squares nicely up to Betfair
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BETDAQ Review FAQs

❓ How does BETDAQ work?

Some online betting sites offer fixed odds markets and others provide exchange betting. If you choose to gamble via an exchange like BETDAQ, then you are betting against fellow punters rather than against a bookie. Thanks to Horsebetting.com, you can see the pros and cons of either approach through their detailed horse racing bookmaker reviews online.

⚖️ Is BETDAQ better than Betfair?

No two bookmakers or betting platforms are entirely the same. They all offer something subtly different and that is how they establish themselves in this competitive marketplace. Find out whether BETDAQ or Betfair was voted the best horse racing betting exchange by readers of Horsebetting.com by visiting the website.

󠀥💯 What percentage is charged by BETDAQ commission?

As betting exchanges facilitate punter to punter bets, our BETDAQ review found that they charge commission for providing that service. After all, they are not doing it for free. With BETDAQ, the percentage may vary depending on the sport which you are gambling on. To find out more about BETDAQ commission, make sure to read our in-depth BETDAQ review.

98/100
Rating
Betdaq Horse Betting Bonus
BET £10, GET £10
*****
Go to Betdaq Horse Betting
Highlights
  • Top UK betting exchange
  • Decent welcome bonus
  • Squares nicely up to Betfair

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