Bet on the Exchange - Low Commission, Better Odds

BETDAQ operates as a peer-to-peer betting exchange, allowing users to bet against each other rather than a traditional bookmaker. It works by matching "back" bets (betting an outcome will happen) with "lay" bets (betting an outcome will not happen), often providing better odds. BETDAQ generates revenue by charging a commission on net winnings, typically 2%.

It is important to note that while the exchange facilitates bets between users, BETDAQ also has a separate Sportsbook for fixed-odds betting, and a Casino

Standard Processing Times:

All withdrawals are subject to standard security checks and can take up to 24 hours to be processed. This is in addition to the standard processing times above.

Please note you may be asked to supply proof of identity and address before actioning a withdrawal from your account.

If you have any other questions please our customer service team who will be happy to assist you.

Cashout is available on markets where you see this icon at the top of the market.

The exchange cashout feature is available on selected sports and markets and will display where there are back and lay odds for all selections in a market. This facility attempts to realise a profit for you based on the current market or reduce your liability depending on the price movement.

Pre off cashout

Before an event begins, the cashout value will display above the selections list and will indicate the value of the cashout and your profit or loss if you chose to cashout. If you press the cashout button our system will attempt to realise this profit or loss for you.

In Play

For in play markets, we advise customers to place an opposing bet to their active bet as the cashout value is likely to fluctuate frequently and as a result can potentially fail.

Why wasn't my Cashout successful?

• Cash Out offers are not guaranteed and are subject to movements in market prices. Offers are requested in real time based on live market prices and If the market price moves, your cashout may fail as the order price will not match the market price.
• If the market has turned in running, the market prices may fluctuate rapidly and cashout may not be successful so we advise customers to manually trade their position by placing an opposing bet, using the cashout button may result in failure due to market movement.
• For back bets we advise customers to place a lay bet on their selection.
• For lay bets we advise customers to place a back bet on their selection.

BETDAQ charges a flat 2% commission fee to customers on all Exchange Net Market Winnings on all sports: ("Normal Commission Rate").

The Normal Commission Rate is charged at 2% for customers residing in the UK, Ireland, Gibraltar and Jersey and 5% for customers residing in all other territories.

Sports Betting Exchange

Sports betting is extremely popular around the world and while traditionally most bets are placed via a sportsbook using fixed odds, there are other methods of betting. A sports betting exchange is another example in which, rather than betting against the betting company or bookmaker, bettors are able to bet against each other with the option of either backing or lay betting. To find out more about how to utilise a sports betting exchange to enhance your chances of a successful bet read on below for more information.

The most popular sports available at Betdaq Exchange are greyhound betting,horse racing betting and football betting. We also provide other popular markets for betting. How Does A Betting Exchange Work? As mentioned previously, a betting exchange or sports betting exchange enables punters to bet against each other rather than against a betting company or bookmaker. Bettors are given the choice of backing a particular outcome of a sporting event or match to happen, which is called a ‘back’ bet, while uniquely they can also opt to ‘lay’ the bet, meaning they are predicting that this outcome won’t happen. A key advantage of a betting exchange is that customers can often access better odds than via a sportsbook. This is because betting against fellow punters means the margin that fixed-odds bookmakers usually incorporate is no longer required, ensuring a more efficient marketplace as well the opportunity for better odds and bigger winnings.

Placing A Betting Exchange Bet

When placing a bet on a betting exchange or sports betting exchange, the punter needs to decide whether they want to ‘back’ or ‘lay’ their bet. By backing a bet, you are stating that the outcome of the bet will happen. For instance, if Liverpool were playing Manchester United in the Premier League and you backed Liverpool, you would be backing them to win and would therefore win the bet should they overcome their opponents. By laying a bet, you are stating that the outcome of the bet won’t happen. So if Liverpool were playing Manchester United and you laid Liverpool, you would be betting against them wining and would therefore win the bet should they fail to overcome their opponents by drawing or losing.

In-Play Betting

These days, in-play betting is a major feature when betting on fixed odds markets through a sportsbook, and that is also the case when it comes to betting through sports betting exchange sites. Rather than simply having to bet on an outcome of a sporting event or match ahead of its start, with a sports betting exchange you can also make a wager while the event or match is live or in play. This feature enables customers to analyse a match as it is happening before coming to a judgement and deciding whether to back or lay a team or an outcome, therefore potentially giving them a better chance of maximising their winnings or claiming a successful bet.