GUIDE TO EXCHANGE BETTING
The idea of exchange betting is simple. You bet against other bettors, not against a bookmaker. As such, it has a number of distinct advantages over other, more traditional, forms of betting.
1. You will almost always get better odds with BETDAQ than you will with a traditional bookmaker
When a bookmaker sets his odds on an event he builds in a
profit margin for himself, so that if a proportionate amount is bet on each possible outcome, he is guaranteed a profit. This margin is typically anything from 12% to 25% and is necessary in order that the bookmaker can protect himself against the risk of a disproportionate amount being bet on the winner.
At BETDAQ, because you are betting directly against other bettors, there is no
bookmaker's margin. Therefore, the odds that you get on BETDAQ are almost always better - on average, 20% better!
2. You can lay as well as back
You can be the bookmaker at BETDAQ. If you do not fancy a horse or a team or a player, you can lay it without having to pick the winner. This also means that you can hedge out of a position and guarantee a profit even before an event has finished.
3. You can bet as much as you like
BETDAQ does not impose a limit on the value of your bets. The amount that you bet is limited only by the balance in your account.
4. Winners are welcome
BETDAQ will not restrict the betting activity of winners in any way, and does not close winners’ accounts. On the contrary, winning is encouraged!
5. You can take a price or set your own
You don’t have to take the odds on offer about your selection. If you feel that you can get a better price, you can make your own offer at your own odds. Your offer is then entered into the exchange for other bettors to accept.
6. You can bet while an event is in running
You can bet with BETDAQ after an event has started, right up until the winning line, the final whistle or the last ball.
7. Lowest commission
BETDAQ charges a small commission fee on net winnings per market. Therefore, if you have a losing bet, you pay no commission. If you win,
BETDAQ retain a small percentage of your net winnings. The commission rate is determined by the amount that you bet, and is the lowest in the business.
A simple example
The following is an example of how a single bet is matched on BETDAQ.
Say, for example, Jack believes that Arsenal will beat Liverpool at Anfield on Saturday, and he wants to have £100 on them to do so at 2/1. He enters his offer into the exchange:
Back Arsenal: £100 at 2/1
Ben thinks that Arsenal will not win, and is willing to lay them at 2/1 for £100. He enters his offer into the exchange:
Lay Arsenal: £100 at 2/1
Jack puts up £100 (with the prospect of winning £200) while Ben puts up £200 (with the prospect of winning £100). Because both offers are exact reciprocals of each other, both bets will be fully matched (with each other) in advance of the event. BETDAQ holds both amounts until the result of the event is know.
If Arsenal win, Jack wins the bet. He receives £300 less a commission charged on his net winnings (£200). If Liverpool win or if the game is drawn, Ben wins the bet, and receives the £300 less a commission on his net winnings (£100).
How to join
There is a very simple registration process to go through in order to join BETDAQ:
1. Visit the BETDAQ home page at www.betdaq.com
2. Click the “Click here to join” button
3. Fill in your details, following the instructions. Ensure that you choose a password that only you will know.
4. Deposit funds and begin betting!
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