Both firms offer their own unique starting price SP , both are independent of the industry recognised SP which is used by Bookmakers and sportsbooks to settle punters bets when SP has been stipulated. The higher the price, the bigger the difference. You know your bet will be fulfilled, either matched or with Betfair SP taken.
Liquidity is the amount of money available at a certain price on a selection for you to bet, either to back or lay. You need liquidity, the money offered into the market to be able to get your back or lay bets matched. Liquidity varies for several reasons. The more popular the event and the market the greater the liquidity, the Derby will have greater liquidity than a selling race.
The closer to the off time of an event, the liquidity increases. Betting in-play is commonplace now, liquidity will ebb and flow as an event unfolds. Horse racing markets are usually created on the exchanges the day before the race. Layers are cautious to offer up competitive prices with any significant volume until the morning of the race when the sportsbooks have priced up and have started to see bets come in and prices being adjusted.
This will vary as to the type of race. A decent class handicap with plenty of form in the book will gain liquidity faster than a maiden race with a load of horses on debut. My view is if you are an early morning price taker, then you are probably better off betting with the sportsbooks.
Undoubtedly, Betfair leads the way in terms of liquidity. Markets start to form and gain liquidity first on Betfair. The activity on Betdaq tends to mirror this, though there is a noticeable time lag. While you may be able to get small bets matched at competitive prices on Betfair the night before a race or early morning, the Betdaq markets tend not to be established and lack liquidity.
However, if you are betting into the markets in the 2 hours before the start and onwards, then there is liquidity in the Betdaq markets and little discernible difference in the prices on the 2 exchanges.
Why is reliability important? Not a massive issue, you move somewhere else and carry on. More worryingly, and this has happened to me. If you are a trader the risks are higher, you may be stuck with an open position and a large liability that you are unable to hedge out of. This could prove very costly. Betfair has had issues with their platform and has suffered several site crashes, which appear to happen far too frequently. In researching this piece and wanting to present an unbiased review , it seems there have been occasions in the past where their site has crashed.
But they do appear few and far between and that they have a stable platform. A point worth noting though. On the latest occasion that the Betfair platform went down, this was on a busy Saturday afternoon, it had a knock-on effect to Betdaq. On Betdaq, the bulk of liquidity disappeared, there were big gaps in the markets with no money available to match. This meant getting bets matched, and bets of any significant amount was very difficult no near impossible.
It pretty much rendered Betdaq unusable for the afternoone. If you use race reading as part of your betting armoury, reviewing past races will be an issue on Betdaq. Betfair has race replays from all UK Tracks. Both exchanges allow you to run third party trading software on their platforms and are of particular use if you are looking to trade markets on the exchanges, i.
Running these platforms gives you added enhancements to the standard exchange features. If you want to trade the markets both Betangel and the Geeks Toy are very useful tools. If you want to try one, the Geeks Toy has a free to download and unlimited use offer for the Betdaq exchange. While the liquidity on Betdaq is inferior to Betfair, most traders operate in the final 5 minutes pre off of a race.
Liquidity on both exchanges is strong enough to operate a trading strategy on both exchanges. Betfair , in recent years, I feel have become less customer-centric. The service and escalation, while they investigated, was great. Neither query has been satisfactorily reviewed yet. Ultimately this drove my decision to sign up with Betdaq. It must be noted that multiple bets and bets placed on virtual sports, and games do not qualify.
You will receive your free bet within 72 hours of the staking requirement being met. You must use the free bet within 7 days of receiving it. The free bet cannot be used in conjunction with any other promotional offer. There are several other welcome offers for new customers.
A solid VIP program often contributes towards attracting new customers and retaining loyal players. This ensures that bettors have a variety of betting markets to choose from. The minimum stake that you can place on a Sports-based betting market is 50p. The maximum stake amount varies from sport to sport, and depends on the number of selections that you have made and the odds that you are backing.
Before placing a bet on a sports-based betting market, it is important to calculate the margin of profit that a betting site is charging. The higher this margin is, the lower your chances are of winning a placed bet.
To calculate this margin, you should determine the Odds Overround for a betting variant in question. To determine the odds overround for a betting variant, you must first convert each fractional outcome of a betting variant into the decimal form. Once you have performed this conversion, you must divide each of these outcomes by — add the resulting numbers together. With the help of the resulting number, you can determine the margin of profit that a betting site is charging you.
To help you understand this concept, we calculated the odds overround for a match to be contested between Stuttgart, and Hamburg, in the German Bundesliga. The odds overround were found to be This indicates that BETDAQ offers competitive odds, albeit on the higher side, and active sports-based betting markets.
Players can also enjoy a great online betting exchange. As is common knowledge, an exchange means that you either lay or back a bet on the platform. When you are backing a bet, you are backing an event to result in a win. Your placed bet may be countered by a customer who is laying your bet, or in other words is betting against the outcome that you favour. When a customer is laying a bet, he is, in turn, acting as a bookmaker, and offering you odds for a bet that you want to place.
While the betting site does not offer the largest of esports offerings, BETDAQ offers odds on several popular tournaments throughout the year. Before betting on an esports tournament , you should go through previous tournament results, official rankings, team form guides, and play the actual game yourself. The minimum stake that you can place on an esports-based betting market is 50p.
The maximum stake amount varies from esport to esport, and depends on the number of selections that you have made and the odds that you are backing. Cash Out is a highly useful feature which allows you to retrieve your placed stake during match which is in-play. Depending on the odds in favour of your placed bet at the time of initiating a cash out and its exact instance, you could end up retrieving more or less than the initially placed stake.
Cash Out is generally used when a punter feels that he may lose a placed bet, or when he has already reaped a significant profit off a placed bet. Either way, you must ensure that you initiate a Cash Out before the completion of an event that you have bet on. At the centre of your screen, you will see the various in-play matches on offer at the betting site at that moment. Click on an in-play match of your choice. BETDAQ offers a wide variety of betting markets and an equally impressive offering of unique and popular betting variants.
Players can also live stream horse racing and greyhound racing and access in-play visualisations, the option to cash out and a live scorecard with second-by-second live updates. BETDAQ ensures that all transactions that place over the betting site are done so in a secure manner. Your personal identification information and stored funds are safe from the reach of hackers and miscreants.
The betting site is also licensed and regulated by the United Kingdom Gambling Commission. If you access your account, you can make use of several responsible gambling tools. First and foremost, you can set a daily, weekly, or monthly deposit limit, as well as a stake limit. If you ever feel the need for a temporary break, you can take a Time-Out.
If you need an extended break, you can self-exclude for a duration of six months or more at a stretch. It must be noted that you cannot access the betting platform during this time. All the numbers that are generated on the platform are done so in due course of a random number generation procedure. The betting site is not linked to any criminal activity, and ensures that your stored funds are not used towards operating its various platforms. As can be seen from the above image, you can contact customer support via live chat, email, and phone.
You can access this section by clicking on the respective option present at the top-right hand side of your screen. The site is set in a colour combination of purple and white.
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