BETDAQ located in Dublin is the second biggest betting exchange in the market and has been trading for approximately ten years. Every 7 days BETDAQ deals with wagers of more than fifty million pounds and have a customer base from over one hundred countries around the world. BETDAQ provide you access to a wide array of betting markets comprising of sporting (national and international) and other events. If you are looking for another betting exchange, then BETDAQ should certainly be on the top of your list of options.

What is a betting exchange?
A betting exchange is what is identified as person to person gambling, wherein you bet against other persons and not a bookmaker. You get pretty much up to 20 percent better odds than contending bookmakers. A betting exchange in the easiest form is a middleman between persons that bet for (back) and people than bet against (lay) an outcome. For delivering this service betting exchanges take a small commission from the winner's profit.

Site features
There are various characteristics of the site, and listing them all would make this article rather long. So here are several noteworthy ones:

Mobile phone betting - BETDAQ gives you the facility to bet using your mobile phone. It is appropriate for all phones with basic internet browsing abilities. They also have an app for iPhone and Android.

Price checking - BETDAQ have teamed up with Betgenius and offer a price checking tool, at the top of each market page is a 'Price Check' link, this will open a new window displaying odds from BETDAQ and other bookies, so you can conveniently see what value for money you are receiving.

View live racing - BETDAQ allows you to watch live racing directly from your account.

Multiple betting - BETDAQ was the first betting exchange to allow betting on multiples. Multiple betting allows you to bet on a number of sequential events, if you are successful in the first bet then your return is put on the next event and so on.

BETDAQ review
Sign up is rather standard, yet I received a message to contact the help desk as they couldn't verify my details. I contacted them and they got back to me very speedily, all I had to do was send them a copy of my passport and a recent utility bill or bank statement. Once this was done, they activated my account.

Experienced a small problem when signing in, BETDAQ have both '.com' and '.co.uk', from what I can see whatever one you sign up via (although they are completely the same) you are stuck to using that extension. I signed up to '.com' and cannot gain access to my account via '.co.uk'. This can be slightly annoying if you do not notice and keep acquiring an error message when attempting to login.

The user interface is what you'd expect for a betting exchange, and is quite similar to another well-known betting exchange, so should you desire to migrate to BETDAQ, in my opinion it is a fairly painless move as I find the functionality to be very similar.

On the whole I am pleased with BETDAQ, I did experience a few difficulties when looking at the site with Google Chrome, but these issues seem to have been ironed out. Another slight disadvantage is you do not have access to exchange games to which I am aware of, I don't know if this is because of intellectual property rights but nonetheless I miss the games.

Safety and Security
Betting exchanges consider safety incredibly seriously, BETDAQ's client funds are held in ring-fenced accounts (where funds are set aside for a individual bet and cannot be spent on anything else) and in addition bets are protected by a 10 million US bond.

Card information used to deposit funds are fully encrypted (rendering the data illegible without a special key) and is not stored by BETDAQ useless this alternative is required by you. BETDAQ uses Payment Trust as their secure payment service provider; it uses 1024bit VeriSign Digital Certificates and carries out on-going evaluations of protection to provide comfort.

BETDAQ Offer
At the time of composing, BETDAQ offer a £30 free bet. But that's not all, until 30th September 2011, they are charging only 2.5 percent commission. This is a great commission rate given 5% is ordinarily the norm.