BETDAQ trading may appear complicated on first glance, but it really isn’t.
In this article I will explain;
• What BETDAQ trading is and the benefits it offers
• How it is possible to make a profit through trading
• Where you can learn more about BETDAQ trading
• Common questions from those starting out
BETDAQ Trading – What is it?
“BETDAQ trading is an advanced way of placing and ‘cashing out’ bets for profit, on a regular basis.”
Unlike a traditional bookmaker, BETDAQ is a betting exchange. This means the end user has the option to place a bet to either;
1. Win (known as a Back bet)
2. Lose (known as a Lay bet)
The difference to a traditional bookmaker being; if your bet is matched, it was matched against another BETDAQ customer. The winner pays a small amount of commission (2-5%).
This in itself is very appealing from a straight betting perspective as prices on the exchange are often better than with a bookmaker, particularly on larger prices.
Unique Opportunity
This betting model provides a unique opportunity for users. With prices changing continually it means it’s quite possible to place two bets against each and lock in a profit.
With additional market information at your disposal, the opportunity to identify market trends and movements are in your hands.
BETDAQ trading is quite similar to buying and selling shares, the concept is simple:
1. Place a bet at the opening price (be it to back or lay);
2. Predict the direction the price will move;
3. Place the opposing bet at a better price and keep the difference
Benefits of the exchange
• Tighter over-rounds* (better prices)
• Ability to Lay bets (bet your selection loses)
• Flexibility to adjust or close betting positions
• Real-time market information
• Advanced betting tools and software
*this applies to the majority of betting markets, although may not apply in some instances.
BETDAQ Trading – How can you profit?
In order to place a successful BETDAQ trade you will need to place two bets, on the same selection, at different prices. If the price moves in the opposite direction you have the option to close out for a negative figure.
Looking at the above image you can see (right of image);
• Back bet (to win) was placed at 2.6 and 2.58 for a total stake of £225
• Lay bet (to lose) was placed at 2.46 for a total stake of £237.19
You can also see there was a total profit of £12.19 (next to each horse in this race). There’s a penny difference on the favourite due to price increment size.
Note: You don’t need to worry about calculating your position every time, there is free software available that will do this for you.
How is it calculated?
The profitable figure was calculated because the Lay stake minus the Back stake = X
Calculation: = £237.19 – £225 = £12.19
and;
The Backers profit minus the Layers liability = X
Calculation: £358.50 – £346.30 = £12.20
By doing this I was able to secure a profit of £12.19, not matter what happens, before the race even started.
Why BETDAQ Trading?
So you’ve probably already realised why BETDAQ trading is a superior method of betting. It’s far easier, in any sport, to predict what will happen for a small chunk of time than for an extended period. It’s also possible to find ways to predict where the price will move, or sometimes stay, based on market information as well as outside influences.
This additional flexibility allows you to put yourself in a winning position on a regular basis. Or more importantly, manage positions when they don’t move in your favour. Applying bets to market regularly, at a value price means there’s potential for the benefits to outweigh the risk.
BETDAQ Trading – Where can you learn more?
Predicting where the price will move is not always as easy as it may sound, even it is quite obvious at times.
You can find information about BETDAQ’s exchange, software apps and information on the links below.
Everything you need to get started:
1. BETDAQ account
2. BETDAQ trading software
3. Advice on how to learn
Common Questions about BETDAQ Trading?
How much can I make from BETDAQ Trading?
The number one question. In reality there will always be more losers than winners when it comes to trading BETDAQ. It’s comparable to various statements about the distribution of wealth. Of the majority that bet and trade on BETDAQ most will lose, which in turn means the winners often win big. How big, is completely down to the individual. Starting small is important although the potential upside is quite impressive.
Does BETDAQ have a Premium Charge?
No, BETDAQ promotes winning on their exchange with some of the lowest commission rates around. There is no premium charge for profitable customers. All bet offers on the exchange are charged between 2% and 5%.
How long does it take to become profitable in BETDAQ trading?
Becoming profitable in the markets is quite a personal thing. Everyone’s different, has different ideas and edges, which makes this difficult to answer. While it would be quite possible to discover a large edge tomorrow, some users never manage to profit. BETDAQ trading is still a method of gambling and carries the usual risks.
What size bank do I need to start BETDAQ trading?
This is often an early concern for many, but it shouldn’t be. Starting out in the markets doesn’t have to be costly. Nearly all of the software apps have a training mode setting, allowing you to lose nothing but your time while learning. From there, I would suggest starting small. If you’re trading on BETDAQ in any sport you should know the numbers will start to add up quickly if you find a consistent edge. Starting with a small balance and betting at £2 per trade isn’t a bad thing at all, compounding profits is a great way to start.
Where can I learn more about BETDAQ trading software?
There are several applications HERE. Each has its own support website and forum, along with many tutorials on YouTube.
What’s the best sport to trade?
BETDAQ trading is possible on a variety of sports. Although some markets have less liquidity (money) in them. It still means there’s opportunity, although it’s often a different proposition. More popular sports, such as football allow you to place larger bets. It depends on your style of BETDAQ trading as to which is ‘best’. Also, it’s important to find a sport you’re actually interested in. Without that, it’ll get boring fast!
What’s your best advice to somebody who is new to BETDAQ trading?
For anyone new, that’s serious about BETDAQ trading I would suggest to make mistakes and learn with small amounts of capital, only increase them once you have a clearer feel for the markets. All too many people realise the potential the markets have to offer and jump in on large stakes too fast, getting burnt (in the beginning I did this too). Setting very little ‘expectations’ will help if anything. Just about everyone who has attempted BETDAQ trading will know this.
Want to know the differences between Trading with BETDAQ compared to Betfair. Read more about it here.
