Betdaq Bonus Experiences: Get £25 in Free Bets!

#1 of 15 Sports betting bonuses

Betdaq is a betting exchange that allows customers to place, back and lay bets. An exchange brings together bettors with different opinions on the outcome of an event. One participant puts a bet into the system and this can be matched, partially matched or unmatched by a customers with the opposite opinion. Betdaq charges a commission based on the transaction and the company’s profits are not dependent on the outcome of the event. Exchange betting is also known as peer-to-peer betting as the provider does not take an active part in the transaction.

Betdaq was founded in 2000 and is competing in a market dominated by Betfair, the first exchange bookmaker. Despite being the second largest exchange operator, Betdaq only has about a 7% share of the market. The trading company was bought by Ladbrokes in 2013. The dominance of Betfair means that you might sometimes struggle to match your bets on Betdaq, but for the bigger markets you should be able to find something you like.

Betdaq has a new customer offer of £25 worth of free bets when you sign up for a Betdaq account using a Betdaq bonus code.

25£
New Customer Free Bets Bonus

HIGHLIGHTS

  • Betdaq sign up bonus for new customers only
  • Enter the Betdaq bonus code FB2515
  • £25 Betdaq free bet with 4 exchange points
  • Stake £100 and get your free bets
  • Betdaq free bet stake not returned with winnings
  • Promotion valid for 6 months after opening an account

User ratings

01Bonus Type10.0
02Bonus Height9.0
03Bonus Terms10.0
04Bonus Implementation10.0
05Payability9.0
06Other Bonuses and Loyalty Programme10.0

Rating the Betdaq Sign Up bonus

The value of any bookmaker bonus is based on a number of criteria. In the following section you will be able to read an objective analysis of the Betdaq bonus welcome offer. This section will review in detail the bonus type, bonus height, bonus terms, betdaq bonus code, practical implementation, payability and other bonuses for new and existing customers. These sections can be used to compare the Betdaq sign up bonus with those offered by other online bookmakers. You should remember to enter a Betdaq bonus code when taking advantage of the Betdaq sign up offer.

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Bonus Type

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01 Bonus Type


£25 Free bets for new customers

The Betdaq bonus of £25 in free bets is for new customers only and existing account holders are not eligible for this offer. Entering a Betdaq bonus code when you sign up for the account is essential. This is a long term customer bonus because qualifying bets can be placed over six months. The bonus comes in the form of free bets but is limited to £25 per new customer and any you can only take advantage of the offer once. The free bets must be used within 14 days or they will be lost.

Bonus Height

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02 Bonus Height

Get £25 free bets when you earn 4 points

The free bets are worth £25 after £100 has been won or lost so the bonus height is 25%. The nature of exchange betting is such that commission points can be quickly accumulated and one point equates to winning or losing turnover of £25. Four points have to be gained before the bets will be credited to your account. There are no additional vouchers or extra free bets linked to this Betdaq sign up offer.

£25 Free Bets
Get £25 free bets after earning 4 commission points
  1. Maximum bonus £25
  2. No extra bonuses available
  3. Bonus Code FB2515

Bonus Terms

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03 Bonus Terms

Six months to comply with the terms

To take advantage of the Betdaq bonus welcome offer by specifying the Betdaq bonus code FB2515 you must comply with the following specific Terms and Conditions:

      Offers applies to new customers who open an account

 

      The Betdaq bonus code FB2515 must be entered on registering

 

      Once 4 commission points have been accumulated your account will be credited with a free bet to the value of £25

 

      One commission point equates to £25 of settled bets on the exchange regardless of whether the bets win or lose

 

      £100 in total must be staked before the free bet is awarded

 

      You have six months from the day of opening the new account to build up 4 commission points

 

      The maximum free bet is £25

 

      Free bets must be staked within 14 days of being credited or they will be lost

 

      Any free bets must be placed at odds of 1.5 (1/2) or higher

 

      The free bet stake is not included in the returns from a winning bet

 

    Free bets cannot be used on Games, Multiples or Enhanced Odds market

In addition to these specific rules the Betdaq new customer offer is subject to the provider’s standard terms and conditions.

£25 BONUS
Get free bets when you use the Betdaq bonus code (FB2515)
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    Free Bets Bonus

    Bonus type
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    1.5 / 1/2

    Minimum Odds
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    6 months

    Qualification Deadline
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    Now

    Stake payable?
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    4 Commission Points

    Qualify
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    FB2515

    Bonus code

Bonus Implementation

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04 Bonus Implementation

How to apply the betdaq new customer bonus

The practicalities of this Betdaq sign offer make it a good promotion. It is quite easy to accumulate £100 of turnover over the course of six months. The process is logical and easy to understand and starts with opening a new account. When you do this you must enter the betdaq bonus code FB2515. After opening an account and depositing funds you can start betting and accumulating commission points. Bets totalling £25 earn one commission point, whether they win or lose, and once four points have been earned you will be credited with free bets to the value of £25. The free bet offer is not complex and there are no great hindrances to enjoying the benefits.

The Betdaq free bets can be used quickly, easily and effectively and in practice the wagering requirements are easy to fulfil. The Betdaq bonus code must be entered on registering. However, the Betfair new customer offer provides greater free betting funds with a turnover requirement of £10 rather than the £100 that applies with the Betdaq free bets. Some traditional bookmakers offer free bets of a bigger value but in some cases the wagering requirements are restrictive - that is not the case with the Betdaq new customer bonus.

Payability

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05 Payability

What is the Betdaq commission rate?

When paying out returns from the free bets Betdaq do not include the stake. So if you have a winning back bet for £25 at odds of 3.0 (2/1) £50 is credited to your account. If the same bet is placed with regular funds the return would £75 because the stake is included. The free bets must be used within 14 days and if not they will be lost or partially lost depending on what has been staked during that timeframe. Betdaq subtracts commission from winning bets at a lower rate than Betfair. That provider charges 4 to 5% on winning bets while with Betdaq you only pay 3%. Even lower rates are offered with some football and racing sports promotions. Traditional bookmakers like Ladbrokes do not charge commission.

You can use an extensive range of deposit methods with Betdaq including bank transfer, cheque, EntroPay, Neteller, Paypal, and Skrill. Similar methods can be used for taking money from an account. In keeping with industry standards no fees apply when using these banking methods and transfers are delayed based on normal banking procedures but some are immediate. As a Betdaq customer you have access to a full transaction history which shows banking and betting activity, including the use of the free bets. Minimum and maximum stakes are in line with UK based exchange competition.

Other Bonuses and Loyalty Programme

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06 Other Bonuses and Loyalty Programme

Bonuses for other customers and loyalty program

Existing customers across all gaming products can take advantage of the following ongoing sports and event specific bonuses and promotions:

ITV Racing Get 20% Extra

Bet on ITV racing on Saturday and your winnings will be boosted by 20% up to a maximum of £20. The maximum turnover is £100. This offer only relates to horse racing, the free bet will be credited on Monday and the stake is not included in any returns from the free bet.


Welcome Offer 50% Commission Back

If you don’t like the free bets offer then there you can select this offer instead by entering the betdaq bonus code BDQHALF on registering your account. New customers will be refunded with 50% of all commission paid in the first three months of holding an account. The minimum refund is £10 and the maximum is £1000.

Get 20% Back On Virtuals

For a limited time period all customers will receive a refund of 20% of losses from virtual sports in the form of a free bet. The most that can be returned in any one week is £50 but the free bet stake is not included in the winnings. Free bets are credited to an account each Thursday.

Betdaq Casino Bet £10, Get £30

You must place your first real money bet on Games for a stake of £10 at least to receive a bonus of £30 to stake on Betdaq Games. There are wagering requirements of 30 times the bonus amount before a withdrawal is allowed.


Virtuals Bet £10, Get £10

When £10 is first placed on a Virtuals market you will get £10 in the form of a free bet if the bet loses. Free bet returns do not include the stake and free bets must be placed at odds of 1.5 or higher.

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Having read this review and had some practical experience of the Betdaq free bets for new customers we would like you to report back with your thoughts. Your overall impressions of Betdaq will also be useful so that all users can make informed decisions about betting providers. Experiences of other bettors helps us all make the right choices with regards opening new accounts and betting with an exchange bookmaker. There are some rogue or disreputable operators in the betting industry and we can help each other to eliminate bad apples.Have you found a better Betdaq bonus? Did you find a different Betdaq bonus code? Share your experiences here.

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Conclusion & Short Review

Other betdaq Gaming Products

Betdaq offers an extensive range of gaming products and the following appear on the main menu on the Betdaq Home Page: Exchange, Multiples, Casino, Virtuals, Sports pools, Betdaq Mobile, Promotions, Trading Tools and Betdaq Tips. The Betdaq app can be downloaded from the android website or from the App Store. The Betdaq mobile release replicates the main desktop site. Betdaq also provides betting tips for their customers.

Customer Service

The Betdaq customer service department can be contacted by phone, email and fax. You can chat with a member of the support team live. Questions can be submitted, customers can make enquiries by phone and Betdaq appreciate feedback. The marketing department and affiliate staff can be contacted by a named email. There is also a small selection of answers to questions that other customers have found useful. Betdaq has a social media presence on Twitter and Facebook.

Licensing and Security

Betdaq is part of Ladbrokes International plc which is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner. All bets placed in the UK are regulated by the British Gambling Commission based on a licence granted to Ladbrokes Betting and Gaming Limited.

What are the advantages of using betdaq? Some tips and tricks

One of the benefits of exchanging betting is the option to lay a bet. If the odds move in your favour you can place a corresponding back bet to win money regardless of the outcome of the event. Conventional online bookmakers have replicated the counter bet by offering a Cash Out option. If the odds move in your favour you can close all or some of a bet so that it will be a winning bet whatever the result of the event. Betdaq offer betting tips as a guide.

Betfair spend large amounts of money advertising in the National and sporting Press to promote their services. Betdaq have a regular advertising slot in the Racing Post but are not regulars on ITV during the advertising breaks. Betdaq can’t compete on marketing, market liquidity or odds so offer lower commissions than Betfair, by up to 2%. In fact that means Betdaq offer a less expensive service than Betfair, so for big bets you could be much better off betting here.

The betdaq welcome offer of £25 in the form of free bets is well worth trying. There is a low risk associated with the new customer offer and the time span of six months to place the qualifying bets is more than adequate. There is little downside to opening a new account and then staking £100 in bets. The worst case scenario is losing the total amount but this can be avoided with careful staking.

Although most exchange bettors will go to Betfair by default due to familiarity, Betdaq have a part to play by offering an alternative. The low commission rates and offers for new and existing customers help to attract market share but Betdaq will always be in Betfair’s shadow when it comes to exchange betting.

Traditional bookmakers like bet365 are trying to encroach on the exchange betting market by offering a Cash Out option. This equates to a lay bet on an exchange but the bet mathematics are worked out by the provider and to their own advantage. Cash out favours bookmakers and there is better value in laying a corresponding bet with an exchange bookmaker like Betdaq.

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