94.5/100
Rating
Betdaq Sports Bonus
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*****
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Highlights
  • Top UK betting exchange
  • Decent welcome bonus
  • Squares nicely up to Betfair

BETDAQ Review 2020 & UK Horse Racing Rating

Comprehensive BETDAQ Horse Betting Review

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 establish is BETDAQ horse racing reliable? We are going to highlight a number of areas of interest to punters who are thinking of registering. New customers are given a great incentive to join as you pay 2% BETDAQ commission on all sports and get cashback for your first month up to £1000.

So what can you expect from this BETDAQ horse racing sportsbook review? There’s plenty of things for us and you to consider. Whether it’s showing you how to sign up, deposit, bet and withdraw, discussing the types of racing bets you can have on the exchange or what the in play offering looks like, we’ve got all that covered. On top of that we’ll take you through the payment methods and customer service options, check out the BETDAQ app, highlight any limits on your gambling and assess what else is available on this platform. It’s at that point when we tie it all together and give our conclusion. This is all about answering the question, is BETDAQ horse racing good? The screenshots above are well worth a look too, so you get a great visual on how this exchange works.

BETDAQ Pros & Cons
BETDAQ Pros & Cons
  • Betting exchange and regular fixed odds markets
  • Range of horse racing betting worldwide
  • Bet against bookies and other punters
  • Easy transfer from sportsbook to exchange accounts
  • No fixed odds for horse racing in running

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.

One thing that underpins all exchange betting is commission, but BETDAQ are charging all customers just 0% some sports. Horse racing is one of the exceptions, however, along with football as they are the most popular things that people place wagers on. Commission isn’t something you’ll find mentioned in our Betway review, 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 Moneybookers, Paypal, Neteller or Skrill will not be eligible for this offer and further terms and conditions apply. The fact that there are 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

How does it feel to use BETDAQ? 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.

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.

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 you 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. There’s a great mix of traditional options like bank transfers, cheques, 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. 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.

How To Make Your First Deposit

  • 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 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.

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 9am in the morning to 8pm at night UK time. You can talk through any queries with a real person using that or calling their freephone number. 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.

License & Security

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.

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 Gibraltar Gambling Commission which governs Gibraltar-based casino providers. 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 1024-bit VeriSign 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.

Betdaq Sports 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.

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 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.

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 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!

As you can seem 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 £2 which is pretty high compared to major bookmakers but if you’re betting on the exchanges then you’re likely to be a serious gambler. Please be aware if you like to place multiples, then there’s 5% commission to be paid on any winnings. If you’re sticking to regular single bets, however, we highlighted above that a current promotion offers just 2% commission. That means there’s only a tiny amount to pay to the exchange for betting!

94.5/100
Rating
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Conclusion

That’s a wrap for this BETDAQ horse racing sportsbook review, so what have we discovered about this betting exchange? 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’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 review or comment help us give BETDAQ horse racing a rating to help other members of the community.

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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, 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.


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