BETDAQ The Betting Exchange
About BETDAQ
BETDAQ is the trading name of Global Betting Exchange, a company registered in Ireland.
The company was founded in 2000 by leading Irish businessman Dermot Desmond. It started trading in September 2001.
BETDAQ believe security is paramount. All customer funds are held in ring-fenced accounts and are further secured by a US$ 10 million bond placed with Allied Irish Banks plc.
Range of Sports
BETDAQ offer betting opportunities on all UK horse racing, plus racing in France and Germany.
They also offer bets on a wide range of other sports including:
Football, Tennis, Golf, Cricket and Rugby.
Multiples
BETDAQ has introduced a new Multiple bet to their exchange. This bet type has always been popular in traditional betting and this is the first time it has been offered to betting exchange customers.
A Multiple Bet is defined as individual bets which combine two or more selections in a single bet. You can combine up to 12 selections in different events.
Each-Way Betting
Another first for BETDAQ is their ability to offer each-way betting. This feature is not available with other betting exchanges.
Mobile BETDAQ
BETDAQ is also available via the mobile Internet on a growing range of Personal Digital Assistants and Smartphones. So now you can place your bets where ever you are.
Commission
BETDAQ operates a layered commission structure whereby the more you bet, the lower your rate will be. Commission is charged on your net winnings from any single market.
You do not pay any commission on losing bets.
Their standard commission rate is 5%, but you will be able to
decrease that depending on the volume of bets you have matched.
Commission amounts can easily be offset by the increased odds you get betting on a betting exchange, opposed to betting with a traditional bookmaker