BETDAQ

How does BETDAQ work?

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%.

Can you cash out on BETDAQ?

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.

How much commission does BETDAQ charge?

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.

What is a betting exchange?

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.