Betdaq sports betting exchange was acquired by Ladbrokes in 2013 and is now part of the larger Ladbrokes-Coral Group. Betdaq liquidity is now reasonable and in many markets is a viable alternative to the number one sports exchange, Betfair.
The advantage of using Betdaq is that your profits should be greater due to to reduced commission percentages when compared to Betfair. Lower commissions are especially advantageous to higher stakes / profit traders.
Betdaq currently handles around £100m in bets each week and has around 200 employees.
The exchange has a good selection of sports markets but bear in mind that by far the most liquidity exists in football and horse racing.
Odds are set by the ‘bettors’. There is no bookmaker taking their ‘percentage’ out of the betting market. This means that you get better odds than at a traditional bookmaker. Long odds especially are considerably better value / higher prices.
Limits: You are only limited by the volume / money available to bet in any market.
Betting Exchanges don’t tend to offer huge promos because the benefit you receive in terms of odds over the long term more than compensates. Betdaq, however, offer cash bonuses on a par with many bookmakers and also occasionally offer a month of 0% commission to new customers. That can be worth a lot of money especially to higher stakes customers.
There are not a huge range of banking options on offer but all the major ones are covered. Debit / Credit Card, Neteller, PayPal, Skrill, Bank Transfer.
Customer service is very good in our experience. Perhaps it is the fact that they are still a relatively small independent outfit (despite being owned by Ladbrokes / Coral).
Betdaq now in effect have sportsbooks due to their affiliation with Ladbrokes / Coral – but taking the Betdaq site independently they include Virtual Sports, Sports Pools, Casino and are the largest provider of Trading Tools (software) of any of the exchanges.