Irish billionaire Dermot Desmond founded Betdaq in 2000, creating one of the first peer-to-peer betting exchanges in the world. After selling the platform to Ladbrokes in 2013 for approximately 30 million euros, Desmond reacquired the company in 2021, bringing it back to independent ownership. Today, Betdaq processes over £75 million in daily transactions and serves as the second largest betting exchange globally after Betfair.
The platform operates differently from traditional bookmakers by allowing customers to bet against each other rather than against a house. Users can back outcomes they believe will happen or lay outcomes they think won't occur. This peer-to-peer model typically offers better odds since there's no bookmaker margin built into prices. Betdaq charges a flat 2% commission on net winnings, which remains consistent across most sports markets without variable rates or complicated tier structures.
New customers aged 18 and over from UK and Ireland can access a promotional offer through Betdaq providing 0% commission for 100 days on exchange sports. Registration requires entering promotional code 0COMM100 and making the first deposit using a debit card. E-wallet deposits through PayPal, Skrill, or Neteller don't qualify for this promotion.
Deposit and Withdrawal Methods
Betdaq accepts multiple payment options with a £10 minimum deposit for most methods. Bank transfers require a £200 minimum deposit amount. Debit cards have a daily withdrawal limit of £15,000 for security purposes, though other payment methods don't specify maximum amounts. All withdrawals process without any fees, making it cost-effective to move funds in and out of your account.
| Payment Method | Minimum | Processing Time |
|---|---|---|
| Visa Debit Card | £10 | 1-5 business days |
| Mastercard Debit Card | £10 | 1-5 business days |
| PayPal | £10 | Up to 24 hours |
| Skrill | £10 | Up to 24 hours |
| Neteller | £10 | Up to 24 hours |
| Trustly | £10 | Up to 24 hours |
| Bank Transfer | £200 | 2-5 business days |
Account verification is required before making any withdrawals. Users must submit government-issued photo identification like a passport or driver's license plus proof of address dated within three months. Utility bills, bank statements, or tax documents work as address verification. The verification process typically completes within 24-48 hours after submitting documents through the secure online portal.
Sports and Markets
The platform covers 18 different sports with thousands of betting markets available every day. Football receives extensive coverage including Premier League, Championship, and European leagues. Horse racing features UK and Irish markets. Tennis markets include ATP, WTA, and Grand Slam tournaments.
Additional sports include cricket, basketball, rugby, boxing, darts, ice hockey, baseball, and American football. In-play betting allows bets during live events. Cash-out functionality depends on market liquidity.
Regulatory Licenses
Betdaq operates under multiple gambling licenses. The UK Gambling Commission issued license number 34865 covering operations in Great Britain. Gibraltar Gambling Commissioner and Alderney Gambling Control Commission also license the platform. These bodies require compliance with fair gaming standards and customer fund protection.
SSL encryption protects all financial transactions and data. Two-step authentication is available through Google Authenticator. Customer funds are held in segregated accounts.
How to Reach Support
Customer service operates through email at [email protected] with response times under four hours. Live chat is available through the website. Phone support includes:
- UK customers: 0800 473 0009 (freephone number)
- Irish customers: 01 55 66 222
- International customers: +353 1 55 66 222
Phone support operates Monday through Saturday 9:00am to 7:30pm, Sunday 9:30am to 8:00pm GMT. The help center contains FAQs about betting and payments.
Bonuses and Promotions
The main welcome offer gives new customers 0% commission for 100 days on exchange sports. Users must be 18 or older, reside in UK or Ireland, register with code 0COMM100, and deposit via debit card. After 100 days, the standard 2% commission applies.
Best odds guaranteed applies to UK and Irish horse racing. Zero commission promotions occasionally run on Saturday football markets.
Mobile Access
Two mobile applications are available: Sports Betting app and Exchange Betting app. Both provide full functionality. iOS users download from Apple App Store. Android users download from the official website.
Apps support biometric login and push notifications. The desktop website offers identical functionality on all browsers.
Responsible Gaming Features
Deposit limits can be set daily, weekly, or monthly. Time-out options range from 24 hours to six weeks. Self-exclusion is available for minimum six months. Reality check reminders display session time and spending.
The platform links to GamCare, BeGambleAware, and Gamblers Anonymous for users needing support.
Final Summary
Betdaq provides a competitive betting exchange with 2% commission and coverage of 18 sports. Multiple licenses ensure regulatory compliance and customer protection. New customers benefit from 100 days of zero commission when using the promotional code during registration.