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Betdaq Bonus Code & Sign Up Offer 2020: Latest Promo Code

Latest Betdaq Joining Offers

The betting exchange BETDAQ opened in 2000 after being founded by Dermot Desmond, one of the richest men in Ireland. From its Dublin headquarters and registered office on Alderney in the Channel Islands, the business grew to be an alternative to Betfair – another leading exchange platform in the British Isles. BETDAQ was sold to High Street bookmaker Ladbrokes for a reported €30,000,000 in 2013 and is now an asset of the wider Ladbrokes Coral Group following their corporate merger.

BETDAQ is a betting exchange where you wager against other punters rather than on a sportsbook. Intrigued by this potential new experience? They do still cater for new customers as, if you enter the DAQBACK promo code for BETDAQ, you get up to £1000 cashback for your first month (30 days) of gambling on the exchange. Everyone is getting 2% commission for sports betting on this platform at the moment unless you’re staking on multiples, but it’s great to know you’re getting something in return for signing up during those first few weeks after opening an account. This Horsebetting.com review looks at the cashback promotion for new customers and other BETDAQ special offers in some detail, so read on as we reveal all.

Introduction to Betdaq Bonus Offer

We’re going to take another look at those terms attached to the BETDAQ horse racing sign up bonuses shortly. Here at Horsebetting.com, we want you to understand that every welcome bonus is different depending on who is offering it. In BETDAQ’s case, it’s true as you get commission cashback whether you’re backing or laying an outcome when betting on the exchange on sport. Don’t forget to enter the related promo code for BETDAQ either!

Up to £1000 cashback within the first 30 days of joining this betting exchange can be yours when you sign up using the BETDAQ horse racing bonus code DAQBACK. Remember, the minimum stake you can place on any sports bet is £2 and this offer applies whether you’re backing a selection to win or laying it because you believe it won’t. Sports multiples aren’t covered by this cashback promotion or the 2% commission available to all customers. Whenever you deposit, you must put in £10 or more. Cashback to be paid within 72 hours of your first month (30 days) on BETDAQ coming to an end.

Eligibility: Any new customer who is aged 18 and over – the legal age to gamble and hold betting accounts in the UK – is eligible to receive the BETDAQ horse racing sign up bonus. Existing customers cannot get it, but do get the 2% commission on all sports bets.

Withdrawal: there are no wagering requirements related to this BETDAQ horse racing sign up offer as such, but there is a minimum stake of £2 that must be placed on all bets. Just to remind you, the cashback is capped at £1000 after your first month (30 days) from joining.

Activation: All new customers should use BETDAQ horse racing promo code DAQBACK when asked to enter it during the registration process. That is the only way to get your hands on the £1000 cashback offer. Without it, you cannot take advantage of this bonus, but can still enjoy 2% commission.

Payment Options: BETDAQ accept a mixture of traditional and modern payment methods for their sports betting exchange. No limits relating to the welcome bonus are specified, so you are free to use either bank transfer, cheque, credit or debit cards or eWallet services Neteller, Paypal and Skrill. Withdrawal times depend on method.

Timeframe: the timeframe for the up to £1000 commission cashback promotion among BETDAQ horse racing joining offers is set at 30 days from the date you completed the registration process. New customers should then have the funds up to that cap credited to their account automatically within a further 72 hours.

Betting Markets: multiples are the only prohibited type of bets that relate to the welcome bonus. They are not eligible for commission cashback or taken at the 2% commission that all customers are currently enjoying on the exchange. Any sports singles bets are covered by both BETDAQ special offers, however.

Tips on How to Use the Betdaq Sign Up Bonus

There are three different Betdaq sign up offers that can be availed of for those signing up to the site for the first time:

Bet £10 get £10

This offer is available with the Betdaq promo code BDQ10. New users can place a bet at odds of 2.00 or above and will then be credited with a £10 bonus bet. The qualifying bet can be placed and settled on either the exchange or the sportsbook within two weeks of registering a new account, and the bonus bet must be used within seven days.

Cashback on commission

The second of the Betdaq sign up offers is a cashback offer for exchange users, who can receive up to £1,000 cashback of commission they are charged during their first 30 days of using the account. Users will be charged the standard commission of 2% and must sign up using the Betdaq bonus code of DAQBACK when registering their account.

Cashback on net losses

This offer provides 5% cashback on net losses on the sportsbook (minimum of £50, maximum of £5,000) and 10% cashback on casino losses (minimum of £50, maximum of £5,000) to users who place at least five bets or wagers within 30 days of registering their account. Cashback is credited on a weekly basis; a week of the promotion runs from Monday to Sunday, and refunds are then credited the following Tuesday. To qualify for this offer, the Betdaq promo code BETINS must be entered when setting up an account.

We thought it important to note that these offers are exclusive from one another and cannot be stacked, as each requires a different Betdaq promo code to be used when registering a brand new account with the site.

Top 5 Expert Tips to Take Advantage of the Betdaq Offer

To make sure you get the most from the Betdaq sign up offers, here are five tips you might want to keep in mind:

Select the right offer for your betting preferences

With three different offers to choose from, it’s imperative that you select the right one – and this is a very personal decision, based on your own personal preferences and requirements. It’s therefore advantageous to think about how you intend to use Betdaq and which offer is most likely to elicit the best value; for example, if you’re looking for a simple offer and don’t intend to use the site regularly, then the ‘Bet £10 Get £10’ bonus bet offer may be preferable, whereas heavy exchange users may find the commission refund a better deal – it depends entirely on how you intend to use Betdaq when you have signed up.

Enter the right promo code for the offer you want to use

All of these offers are contingent on entering the correct bonus code when you are registering your account. Without such a code, you will either receive an offer you don’t want or need, or you may not even receive any offer at all – so always double-check to make sure you’re using the right code for the offer you have selected.

Make sure you use an eligible payment method

If there is one thing that unites people who use Sportingbet offers, Pinnacle offers, or any other kind of operator offer, it’s a need to check to see which payment methods they can use in order to access the offer. The same is true for those using the Betdaq sign up offers and, for those intending to use the ‘Bet £10 Get £10’ bonus bet deal, there is a significant restriction to note: the offer cannot be used by users if funds are deposited using Moneybookers, Neteller, Skrill, or PayPal. Interestingly there does not appear to be any such restriction for the other two offers, though if you intend to use a non-debit card payment method to fund your account while using these offers, it might be best to double-check this is acceptable with Betdaq customer service – who are readily available to deal with your queries via Live Chat and a range of other contact methods.

Keep notes if using the  ‘refund’ offers

The commission cashback offer and the net losses refund offer both have upper limits of the amount that you will receive back – up to £1,000 with the exchange commission offer, and £5,000 on net losses. It’s therefore advisable to keep notes of each bet or wager you place when seeking to use these offers, so you know exactly how much you should receive at the end of the 30 day initial period (for the exchange commission offer) or every seven days (for the net losses offer).

Read through the terms and conditions

Information is always critical when attempting to use an operator sign up bonus, so do take the time to read through the terms and conditions for whichever offer you are attempting to use on the Betdaq site. These terms do change on occasion, so just verifying everything is as expected – and, most importantly of all, that you have the exactly-correct Betdaq promo code for the offer that you’re intending to use – will always be time well spent prior to registering your account. If nothing else, it will prevent you having to chase up a query with Betdaq only to be told that it was your mistake that caused the problem.

Many users find that they still have questions about the Betdaq sign up offers we have discussed thus far, so below, we have answered the most common queries…

Can I use these offers if I already have a Betdaq account?

Unfortunately not; each of the offers we have detailed are only available to those registering a brand new account using the relevant Betdaq promo code as they do so, and then placing their first ever bet on the sportsbook or the exchange, will be eligible for the Betdaq sign up offers. These are new customer offers, so they won’t apply to anyone who has a history with Betdaq.

However, if you already have a Betdaq account, then you may still be able to use the virtual sports offer we have detailed in ‘Additional Offers’ below – though to do so, you cannot have placed a virtual sports bet with Betdaq in the past.

What are the minimum odds for the Betdaq sign up offers?

The ‘Bet £10 Get £10’ bonus bet offer does have minimum odds: you will need to place a qualifying bet of at least a £10 stake at 2.00 (Evens) or above in order to qualify for the £10 bonus bet.

In contrast, if you choose to use either the commission refund offer or the net losses refund, then there are no minimum odds to be concerned with for the duration of either offer.

Is the ‘Bet £10 Get £10’ bonus bet offer for the sportsbook or the exchange?

It’s fairly rare to find a bonus bet offer that can be used on an exchange, so it’s understandable that users query whether the Betdaq sign up offer can be used on the sportsbook only. However, unusually, no such restriction applies – both the qualifying bet and the bonus bet can be used on either the sportsbook or the exchange, so you can opt for whichever suits your preferences.

Do lay bets count towards the ‘Bet £10 Get £10’ bonus bet offer?

If you’re intending to use the exchange for the above offer, then yes, you can access the offer by placing a lay bet provided you meet the other requirements for the offer – such as the minimum odds of 2.00, placing the bet within 14 days of opening your account, and with a stake of at least £10. You will also need to ensure that this is the first bet you place on either the casino or the exchange and you cannot cash out the bet ahead of it settling; this will invalidate the offer.

Can the net losses refund include both the casino and sportsbook?

Yes, if you’re intending to use both the casino and the sportsbook, then the net losses refund will apply to both. You can receive refunds of up to £5,000 on each section of the site, so a maximum of value of £10,000. You will also need to place five bets or wagers for each in order to qualify; so you will have to place 5 x sportsbook bets and 5 x casino wagers. However, the value of the refunds differs: you’ll receive a refund of up to 5% on net losses on the sportsbook, and 10% on the casino. It’s also worth mentioning that the refund is net losses of a minimum of £50 on both the casino and the sportsbook, so if you have made a net profit during the first 30 days of your account, then you won’t be eligible for a refund.

Additional Rewards / Loyalty Programs

After using one of the Betdaq sign up offers, you may be wondering if there are any ongoing deals such as Betdaq deposit offers or a loyalty programme for you to use – so here’s a look at the other promotions found on the site:

Virtual sports Bet £10 Get £10 if it loses

Account holders must enter the Betdaq promo code V1010 in the ‘Promotion Code’ section of ‘My Account’ before placing their first virtual sports bet. Users can then place a virtual sports bet at odds of 2.00 or above and should that bet lose, a £10 bonus bet will be credited. The bonus bet can only be used on virtuals within seven days.

Best Odds Guaranteed

A fairly standard, but always-beneficial, offer that is provided on UK and Irish horse racing. If you place a bet on a horse and that horse’s SP then offers better value, you will be paid out at the preferable odds. Only bets placed on the day of the race count, those who deposit with PayPal, Moneybookers, Skrill, or Neteller are not eligible, and there is a maximum cap of £25,000 on extra winnings, amongst other T&Cs you can read on the Betdaq site.

Loyalty programmes

Unfortunately, there does not appear to be a loyalty program currently available from Betdaq at present, nor are there any Betdaq deposit offers available. With that said, we have to note that all promotions are subject to change, so further offers along these lines may be introduced at a later point.

Poker

Finally, a note regarding poker offers: at the time of writing, Betdaq do not seem to host poker on their website. This is rather unusual but, for the moment it seems, poker players will have to look elsewhere if seeking bonus offers, and instead focus on Betdaq for casino, sportsbook, and exchange betting.

Betdaq Sports Bonus

Bonus Intro

Realistically, all three of the Betdaq sign up offers we have discussed could be considered sports bonuses, but we’re going to focus on two in particular: the ‘Bet £10 Get £10’ bonus bet offer, and the commission refund. The reason we have chosen to focus on these offers in this section is that the third offer, regarding the net commission refund, does include sports bets, but this offer will be the focus of the ‘Casino’ section, which you can find beneath the sports offers.

So, to the two sports offers: the first results in a £10 bonus bet being credited to your account, provided certain terms are met, while the second generates a commission refund after 30 days of use. The offers cannot be used in conjunction with one another and have unique terms and conditions, which we took into account when checking to see how these offers performed in our real-world tests.

Wagering the Bonus: Reality Test

As the two sports offers cannot be used on the same account, we had to register two different accounts (with different individual users, of course) for the purposes of our reality test.

  • Account A was to be our ‘Buy £10 Get £10’ bonus bet account; we registered using the Betdaq bonus code BDQ10, and made a deposit to the account using a debit card.
  • Account B was our commission refund account; we registered using the Betdaq promo code DAQBACK and then made our first deposit, again with a (albeit different) debit card.

Accessing the offer with Account A was very simple. We chose to bet on a football match at odds over 2.5, so over the 2.00 minimum; when this bet settled, we received our bonus bet very quickly – the terms and conditions state it can take up to three days, but we received ours within 24 hours. We were then able to use our bonus bet. Overall, the process was very straightforward and we found the Betdaq site worked well throughout.

Due to the nature of the offer , things took longer to see how the offer played out with Account B – the commission refund account. We placed exchange bets for the course of our 30 days with the account, carefully noting each bet and the amount of commission at the standard rate of 2% in our our own spreadsheet as we did so. When our 30 days were up, we knew exactly how much commission we had paid on our bets, and we duly received a refund of the commission we had accrued as expected. The refund was credited to our account in cash.

Bonus Withdrawal

It is very encouraging for us to be able to note that both of the sports offers available at Betdaq do not have any wagering requirements whatsoever to contend with. Upon completing the bonuses, we were able to request withdrawals and found that these were processed very quickly without issue.

Pitfalls & What to Avoid when Claiming Bonus

The key to these bonuses is to ensure that you’re comfortable with the terms and conditions mentioned in the offer, and that you adhere to these throughout use. For the ‘Bet £10 Get £10’ bonus bet offer, it’s vital to use the correct code (BDQ10)  note the minimum odds, payment method restrictions, and similar important elements before placing your bet – but if you can do this, then you should find that everything proceeds as you would hope.

There are few pitfalls related to the commission refund offer; the promo just ticks along in the background after you’ve registered during the correct code (DAQBACK) and then you should receive your commission refund in due course.

Bonus Conclusion

The ‘Bet £10 Get £10’ bonus bet bonus is fairly routine as far as operator bonuses go, but that’s not to say it isn’t a nice deal – and the fact it can be used on the exchange definitely goes in its favour.

The commission refund bonus is also promising, especially for those who have used other exchanges in the past. What effectively amounts to 0% commission for the first 30 days will always draw the eye, and we appreciated the fact that the process of receiving the refund was as uncomplicated as we had hoped.

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Overall Conclusion to the Betdaq Sign Up Offer

So, there you have it. Be sure to use a BETDAQ horse racing bonus code in the UK when signing up and you get up to £1000 cashback on the commission you pay to get your bets on during the first 30 days after joining this exchange. While you can’t get cashback or the 2% commission on sports multiples, that’s no real loss as accumulators are more for sportsbook gambling. It’s a fabulous offer and one for serious punters to consider.

BETDAQ can offer you great value when you join them and it’s to be celebrated. Betting on the exchanges doesn’t suit the casual punter but, if you are really into your gambling and take time to study markets and a sport like horse racing which is ideally suited to this, it does appeal to the seasoned gambler. Exchange betting could add another dimension to your betting and the cashback welcome bonus is another huge plus.

If you’ve used BETDAQ horse racing promo codes in the past, or are a regular punter on the exchanges, seriously we’d love to hear from you. What was it like to take fellow gamblers on instead of the bookmakers? By joining the Horsebetting.com racing community for free today and posting a comment about your experience, you’re helping us with one of our missions; to leave everyone better informed about where the best place to have a bet is! We’re also interested in sports betting bonuses and where you think true value lies.

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