Aside from its famous exchange, the combination of low to zero commission rates and lucrative welcome bonuses have made Betdaq one of the most dominant betting sites in the online gambling industry, particularly in the betting exchange market.
Whether you’re someone who’s about to join Betdaq or someone who just wanted to know what makes Betdaq a leading operator, you’re in luck! We’ve gathered all of Betdaq’s signup offers—along with their Betdaq promo codes—and listed some pro tips that will help you get as much value as you possibly could out of them.
There are many online betting sites out there, which means operators are always competing for new customers. This situation forces gambling companies to come up with different ways to attract people, and offering bonuses is one of them.
Betdaq’s signup offers include two main bonuses for the betting exchange: a £1,000 cash back bonus on commissions paid and a 0% commission for 100 days deal. Betdaq doesn’t have a matched deposit bonus so if you prefer a betting site that offers it, you can check out our take on Betiton’s welcome bonus as well!
Betdaq’s £1,000 cash back bonus is the best welcome bonus if you’re looking for a betting site that offers betting exchange services. Betfair, Betdaq’s main rival, doesn’t even have a cash back bonus but instead gives a matched deposit.
Before we get any further, let’s first understand how a cash back bonus works. As you’ll learn in our Betdaq review, a cash back bonus basically just returns all commission you’ve gathered within a given time.
In Betdaq’s case, the cash back bonus has a max limit of up to £1,000, hence the bonus’s name. You can get the most value out of this bonus by playing a lot during your first month playing with Betdaq, but more on this in the next section.
For now, let’s just answer the important question: “What are the conditions of Betdaq’s £1,000 cash back bonus?” To spare you the trouble, we’ve read the site’s terms and conditions!
Let’s start with eligibility. To use any of Betdaq’s services, including all the promotions we’re discussing and about to discuss here, you must be over 18 years old and are physically located in either the UK, Ireland, Gibraltar, or Jersey.
The timeframe for this Betdaq welcome offer is 1 month or 30 days, meaning if you create an account and activate the required Betdaq promo code on July 19, the bonus will end on August 18 (July has 31 days).
Your cash back fund will be credited automatically to the Cash Balance section of your account within 72 hours. If the cash back doesn’t appear, we suggest that you contact Betdaq’s customer support team before you play again.
You should also note that if your account got closed within the qualifying period, then you won’t receive any cash back, which is tough since you can only enter one Betdaq promo code.
This particular deal gives you the opportunity to play on the coveted BetDaq sports exchange platform without paying the standard 2% commission fee for the first 100 days of your membership. If you are a regular bettor, this is most certainly a deal that you will want to take advantage of. Just make sure that you use a debit card when you make each of your deposits and you will be in the clear. It applies to all bets placed where a commission is usually charged. Only API and RDT customers are exempt.
Also see our BetVictor sign up bonus review to compare the offers available.
Having low to zero commission is unarguably Betdaq’s biggest advantage. Its commission rate on both exchange and sportsbook is a flat 2%, while the same commission rate could go higher than 5% in other betting sites!
Playing with Betdaq’s sportsbook is even more merciful as there’s no commission rate whatsoever on most sports including basketball, baseball, soccer, golf, and more. This is one of the best things about Betdaq that appeals to a lot of bettors.
While a low to zero commission rate is good nearly all the time, it can actually work against you in one particular event: choosing Betdaq’s £1,000 cashback bonus. Why is this?
As you know, Betdaq’s cashback bonus returns commission, and having no commission on your bets means no bonus fund to return as your cashback bonus. So, to get any value out of this bonus, you have to bet on sports that do have commission.
These sports are football, cricket, horse racing, and greyhound racing. That’s it! The cashback bonus doesn’t apply to Betdaq’s casino though. You can only use the bonus on Betdaq’s sportsbook and exchange, which brings us to the next tip.
Betting exchanges offer more value and freedom by allowing you to determine your own odds. Unlike in traditional sportsbooks, you’re up against another player rather than a bookmaker.
This means you’re able to hitch up the odds by yourself and go beyond the odds written by a bookie. With betting exchanges becoming more and more popular as bettors from traditional sportsbooks change sides, the odds could even go to the extreme.
Higher odds equals higher commission, which is the single biggest reason why we prefer using Betdaq’s exchange instead of its sportsbook when it comes to claiming Betdaq’s cashback bonus or their 0% commission for 100 days deal.
With Betdaq’s sportsbook, you’re limited to a fixed set of odds that are more favorable to the bookmaker than you, but with its exchange, you get to bet on your own terms. As a gambler who puts real money on the line, you’d certainly want that, wouldn’t you?
This means you’ll make more profit for the same bet by choosing an exchange instead of a bookie. There’s really no perfect way to take advantage of Betdaq’s cashback bonus other than using its betting exchange!
You should lay out your betting plan before signing up to any betting site and accepting welcome bonuses. It’s important because knowing why you’re gambling, either as a hobby or pursuit, determines which type of bonus you should enter.
If you see yourself playing with Betdaq every day, whether there’s a major event or not, you should go for Betdaq’s cashback bonus. Playing more will result in a higher commission, which is totally fine on your first month since you’ll be refunded. Or, with the 0% commission for 100 deal, you could curtail having to pay fees for over 3 months.
To broaden your options, we recommend that you compare Betdaq’s bonus offers to those available on other betting sites. For instance, BoyleSports’ signup bonus comes as a money-back, which is entirely different from a cashback.
Betdaq’s virtual sports is like the ultimate convenience store: whether you need something or you don’t, it’s always open, which is why it’s one of our favorite things about Betdaq. But why is this relevant to getting the most out of your cashback bonus?
You can bet with the odds you want and, most importantly, you don’t have to wait for days just to place a bet on an event. With Betdaq’s virtual sports, you’re the only one missing.
This is particularly nice because by quickly using your free bet or virtual bonus—Betdaq’s third bonus which we’ll discuss in detail later—you make sure that you’re taking advantage of the bonus as soon as possible before it expires.
With Betdaq’s sportsbook, depending on the day you activated the bonus, you might not find any interesting sports event that you like or that matches the requirements to claim the bonus. This is a problem because there’s no going back once you activated the bonus.
Our last expert tip is an extension of the previous one. To take advantage of any of Betdaq’s bonuses, you have to be smart about when you’re creating an account. That’s right, even the date of your registration is crucial in properly using welcome bonuses.
If you find no connection between your account creation date and welcome bonuses, let us explain. Imagine you activated Betdaq’s £1,000 cash back bonus right at the peak of a global pandemic. What do you think will happen?
Of course, you wouldn’t be able to place any single bet because most sports events, if not all, would be suspended! And, unfortunately for you, you can only use Betdaq’s cash back bonus on sports events.
As a result, you won’t be able to get much value out of the bonus. No bets mean no commission, and no commission means no bonus funds. This is why you should create a betting account during sports season. Better yet, your favorite sports season.
This tip is true regardless of the betting exchange site or sportsbook that you’re playing with. Because most sportsbook bonuses often involve bets and commissions, you should always consider this tip whenever you’re thinking of using a welcome bonus.
Does this tip apply to a matched deposit bonus? Absolutely. The best eSports betting offers have brought the eSports industry a lot of revenue lately because eSports events weren’t affected by the pandemic as much as traditional sports events.
Unfortunately, there is no longer a free bet offer available for new customers. Those who bet on virtual sports can, however, claim a £10 free bet when placing a virtuals bet of £10 on odds of 2.0 or longer. The free bet can then be used on virtual sports with odds of 1.5 or greater.
No. Betdaq’s casino has its own set of promotions. Betfred’s new customer offer also has the same rules..
Yes. At the end of the first 30 days, all the commission you’ve gained up to £1,000 will be credited to your account as withdrawable funds with no strings attached. We reckon this is really good as most casinos with the same bonus apply wagering requirements.
On the other hand, you can’t withdraw Betdaq’s £10 free bet on virtual sports. Free bet bonus funds can only be redeemed and must only be wagered in full on back and lay bets on Betdaq's exchange.
You can expect the bonus funds you receive with Betdaq’s cash back or free bet bonus to be credited to your account within three days. The cash back will be registered to your account’s Cash Back section.
To claim Betdaq’s £10 free bet bonus funds, your first settled sportsbook or exchange bet must have a stake of at least £10 which is then wagered at odds of 2.0 or greater on any virtual sports after entering the code: V1010. You do not have to be a new customer for this deal, you just need to have not ever placed a bet on virtuals at Betdaq before.
Betdaq doesn’t have a loyalty program at the moment. It used to have a program called “Betdaq Rewards” where players can exchange loyalty points for products and many other benefits, but it was removed some time ago.
But Betdaq still had an additional incentive up until two years ago. Players collected two reward points for every one commission they earned through Betdaq’s exchange. Sadly, this incentive didn’t last that long either.
Betdaq’s virtual bonus is pretty much the same as the free bet bonus, however, the stake is only returned if you lose your initial bet. The only difference is you can only use the virtual bonus on, guess what, virtual sports!
These virtual sports only include horse racing and soccer. The events only last for about a minute and then a new set will begin. What’s cool about this is Betdaq’s simulator. You can watch virtual horse races and soccer matches, which makes it more entertaining!
Our experience with Betdaq’s £10 virtual bonus was really positive. We have to say using it is even more enjoyable than using Betdaq’s £10 free bet because the virtual races happen 24/7 simultaneously.
Also, since we used our virtual bonus on Betdaq’s exchange, we had the freedom to set the odds according to our preference (remembering though that it had to be a minimum of 2.0), which isn’t possible with Betdaq’s sportsbook. Because there are always virtual races going on, we didn’t have to wait as well!
Much like the free bet bonus, Betdaq’s £10 virtual bonus can’t be withdrawn and can only be claimed if you lose your first wager. It should be placed with odds of at least 2.0 on Betdaq’s exchange or sportsbook. You can’t claim the bonus on Betdaq’s casino.
One betting site that allows welcome bonuses to be cleared by playing casino games is BetVictor. Check out the latest BetVictor promo codes if you want signup offers that apply to a casino as well!
The most important thing you should avoid when claiming Betdaq’s £10 virtual bonus is depositing with PayPal, Neteller, and Skrill. Betdaq doesn’t allow newcomers who deposit using these methods to claim the virtual bonus. Instead, you should deposit with a debit or credit card.
You should also note that Betdaq’s virtual bonus has a timeframe of 7 days, which means you have exactly one week to place your first bet from the day you activated the bonus. If somehow you fail to wager the bonus, it will be forfeited.
Since this Betdaq welcome bonus is very similar to Betdaq’s free bet bonus, it’s hard to say which one is better. In our experience, we think the virtual bonus is much more convenient as we were able to wager it on the fly right after we registered an account.
If you’ve read our main review of Betdaq, you’ll know that the betting exchange charges a 2% commission fee on the wins that you make. Thankfully there is a great welcome bonus here that gives you up to £1,000 in cashback on your commission fees. This means that you can come here and enjoy a full month’s worth of superior betting odds and not have to pay a single penny. Sounds good, right? Then let’s take a closer look at how this deal works.
On the other hand, there is also a 0% commission deal for the first 100 days of your membership. Follow how to use this promotion below as well.
The cash back bonus is only available to brand-new customers at Betdaq. So you’ll have to set up your first-ever account at the betting exchange and then use the correct promo code that’ll activate the cashback deal. Then it’s just a matter of betting on whatever you want like soccer, football, basketball and so on. Normally you’ll have to pay a commission on whatever you win, but this deal bypasses all of that. This means that any commission fees paid up to £1,000 will be paid back to you. Easy!
The 0% commission deal for 100 days is also only available to new players in the UK. Make sure you signup using code 0COMM100 and Betdaq will waive the standard 2% commission charged on exchange bets for the first 100 days of your membership. You must, however, ensure that you make all deposits during that time with your debit card only.
We’ve seen no shortage of sportsbook refund bonuses that pay you your refund in the form of site credit. While there’s nothing wrong with that, we like this deal because it pays you your refund in the form of readily available cash. This means that as soon as you get your refund you can withdraw it however you want with absolutely nothing in the way of wagering conditions. If only all sportsbook bonuses were so easy-going!
While the cash back promo is a relatively easy-going deal, there are a couple of important things that you shouldn’t overlook. Firstly, this deal only covers your first 30 days at the betting exchange. This means that any exchange bets put down after this time period won’t get the refund. Plus it’s worth noting that you will still have to pay the commission fees up front, just that the refund will be paid at the end of the 30 day time period. We should also mention the fact that only customers in certain territories will be able to get this deal.
The pitfalls are almost non-existent with the 0% commission deal as well. The two things to remember when using this deal is that it must be activated during registration using the 0COMM100 code. Also, bear in mind that only deposits using a debit card are covered by the promotion.
These are great value bonuses that will give you the perfect introduction to what the Betdaq exchange is all about. Some people may have preferred a regular deposit bonus but we think that these deals could work out to be better value for money. After all, you will probably have to pay a fair amount in commission fees when you use the exchange, but these deals remedies all of that.
Betdaq is well known for being a great horse betting site and it has got an excellent welcome bonus to back that up. Unfortunately, they have discontinued their free bet welcome offer. As such, there is no real welcome offer to use on this platform.
However, the betting exchange deals will help you save on the commission levied when using the exchange. These are essentially sorts bonuses and may help you along as a horse betting fan. Simply use code: 0COMM100 and you won't have to pay the standard 2% commission levied on exchange bets until your 101st day as a member. That's is basically putting cash back in your pocket.
Betdaq clearly became a leading betting site by offering more value than its competitors. As we’ve seen, the site continues to remain strong and relevant because it has an irresistible incentive that most people don’t find anywhere else.
This irresistible incentive is mainly Betdaq’s low to zero commission rates, which makes up for the fact that Betdaq has no loyalty program. Betdaq players don’t mind as they are more focused on taking more of their winnings and avoiding huge payout cuts.
Betdaq’s £1,000 cash back bonus or 0% commission deal should be your preferred bonuses if you’re one of those bettors who are in for the long haul. They are the perfect opportunities for you to make sure as much money stays in your wallet as possible.
There are three Betdaq promo codes you can use today. First, there is the code “DAQBACK” which is used to activate Betdaq’s £1,000 cash back bonus. Second, you can enter the code “0Comm100” to activate Betdaq’s 0% commission deal. Third, there is the code “V1010” which is needed to activate Betdaq’s virtual sports bonus.
You can withdraw the bonus funds you receive with Betdaq’s cash back bonus using payment methods like Visa, Mastercard, PayPal, Revolut, Skrill, Neteller, and Bank Transfer.
Yes, you can enter Betdaq’s promo codes more than once as long as you’re making a new Betdaq account. However, you may only use one welcome bonus at a time.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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