I was away yesterday enjoying the incredibly sophisticated pleasures of a booze cruise to calais, but I've heard from a number of people that things have really picked up on betdaq.
This is great news, if people stick at it it wont take long for word to spread. As has been said elsewhere there's no reason for punters not to use it as the commission is cheaper and you can get better value at times.
I'm going to have a dabble today. Stick with it guys, it might be more difficult to begin with and take some learning but it was just the same for all of us when we started on betfair and look at what that turned into for many of us.
If we show some stamina here it could be the start of a revolution
The rise of betdaq
Booze cruise to Calais, sounds great 
I just got back from Morocco this morning, had a great time, anyway, I'll have a read through the posts to get up to date but does it seem like a lot of people are boycotting betfair?
By this post it sounds like they are
I just got back from Morocco this morning, had a great time, anyway, I'll have a read through the posts to get up to date but does it seem like a lot of people are boycotting betfair? By this post it sounds like they are
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
With the exception of andy fuller who i presume is a 500 man I have seen very few lositive comments on tuesday markets on betdaq. In fact ive only seen reports of betfair markets which suggests the candle is burning low and betfair have taken a massive risk and winning.
I wasn't trading yesterday so I can't offer any insight to either markets yesterday. But the card was shocking yesterday so I doubt anybody did well anywhere!
Betdaq has changed quite a bit from last week so I'm having to rework my normal strategy to take account of the higher liquidity.
Betdaq has changed quite a bit from last week so I'm having to rework my normal strategy to take account of the higher liquidity.
Been having a go on Betdaq today but it seems a no goer. I'm only using small stakes but the most problematic thing I've found is the response time. It's going as high as 3 seconds on mine (And it's a decent connection).
Plus the Betdaq betangel seems buggy. I usually green out using the left hand vertical bar but I don't think the feature is available on the betdaq version. A couple of times when I've clicked the green up button, nothing has happened and I've not been able to hedge.
Not a pleasant experience to be honest, unfortunately I'll be going right back to Betfair.
Plus the Betdaq betangel seems buggy. I usually green out using the left hand vertical bar but I don't think the feature is available on the betdaq version. A couple of times when I've clicked the green up button, nothing has happened and I've not been able to hedge.
Not a pleasant experience to be honest, unfortunately I'll be going right back to Betfair.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
That issue isn't with the software when you are greening. It is likely you are trying to hedge an amount which is lower than BD's min. bet. Why they have this I don't have a clue as it puts people off such as you.
Yes they have a cost for each bet placed but I think it is costing them a lot more through the customers this feature turns away like yourself.
Yes they have a cost for each bet placed but I think it is costing them a lot more through the customers this feature turns away like yourself.
That would explain it - I was using small stakes. Any ideas on the response times? The thing really was chugging away horrendously. Is this common or have I just caught it on a bad day.
I'm not in the commission bracket myself but I think what Betfair are doing is ridiculous and I really don't think their greed should be rewarded, but if there is no other viable option then personally I'll just have to stick with Betfair for the few quid I make on it.
I'm not in the commission bracket myself but I think what Betfair are doing is ridiculous and I really don't think their greed should be rewarded, but if there is no other viable option then personally I'll just have to stick with Betfair for the few quid I make on it.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I can't say I know about your response issues.
They are slower than Betfair but normally about 500ms on bet retrieval which I understand is something they impose, why I do not know as it is a big turn off. I often can tell my order has been matched by looking at the money available before my actual bet shows as being matched.
Madness tbh.
As for 3 second responses I would think this is a local issue to you. I asusme BF is working okay for you?
They are slower than Betfair but normally about 500ms on bet retrieval which I understand is something they impose, why I do not know as it is a big turn off. I often can tell my order has been matched by looking at the money available before my actual bet shows as being matched.
Madness tbh.
As for 3 second responses I would think this is a local issue to you. I asusme BF is working okay for you?
Well the Betfair minimum bet is actually £2. Placing a bet under the £2 mark is actually a loophole. I think Betfair haven't closed that loophole partly due to technical reasons, but also that it turned out to be very useful to some people. So in reality it's only down to luck that Betfair have that "feature" in the first place. I don't think they planned it from the start.
It works especially well with Betfair because each bet less than £2 is penalised (because it actually uses 3 bets and therefore takes longer and costs more). Which means users are encouraged not to use small bets all the time.
I suppose no one's found any similar loophole with Betdaq though. I agree that it does put people off and they should definitely allow it in some fashion.
It works especially well with Betfair because each bet less than £2 is penalised (because it actually uses 3 bets and therefore takes longer and costs more). Which means users are encouraged not to use small bets all the time.
I suppose no one's found any similar loophole with Betdaq though. I agree that it does put people off and they should definitely allow it in some fashion.
There is no loophole on Betdaq,
but the minimum bet is only 0.50p ,
so not a big problem imo.
If your using a small bank just make sure your last exit bet, has the green ammount attached to it rather than exiting and then greening after, if that makes sense.
but the minimum bet is only 0.50p ,
so not a big problem imo.
If your using a small bank just make sure your last exit bet, has the green ammount attached to it rather than exiting and then greening after, if that makes sense.
Last edited by freddy on Wed Jul 20, 2011 4:43 pm, edited 2 times in total.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Yes sorry I explained it incorrectly. What they need to do is basically let you put in a £2 bet, add to it, say 7p then cancel the £2 and adjust the odds on the 7p bet.
Until they do that they won't attract small traders imo as everyone likes to green up correctly no matter how much it is.
Until they do that they won't attract small traders imo as everyone likes to green up correctly no matter how much it is.
Betdaq 'closing gap' as Betfair up charge
Racingpost.com
Betdaq on Monday claimed to have received a boost in business in the wake of Betfair's decision to increase their ‘premium charge' on their most successful customers to a maximum of 60 per cent.
As of Monday, Betfair's highstaking customers whose net profits are in excess of £250,000 are subject to the 60 per cent charge.
Shane McLaughlin, head of marketing at exchange rival Betdaq, said he had already observed the impact of Betfair's premium increase.
"We have noticed a large difference, but not a sudden surge from today, a gradual increase in the last month," he said.
Betdaq have made recent changes to their website in order to deal with their potential customer influx.
"We've upgraded our capacity in the past month to cater for more users and the system is coping fine," said McLaughlin.
"We've had an increase in liquidity, not only in horseracing. The Open golf was a record for us.
"The clients have always been there. We aren't having a massive influx of people opening accounts, it's just the existing ones are doing a larger proportion of their business on Betdaq."
McLaughlin suggested future competition would be a great deal closer between the exchanges.
"We are currently the number two but we are closing the gap. We see ourselves as a big competitor in the next few years."
Betfair spokesman Tony Calvin said there was "no noticeable difference in our markets" on the first day's betting activity with the increased charge.
"Of course, all our customers can see this for themselves," he said.
The Betfair customers facing the 60 per cent charge are those whose lifetime net profits exceed £250,000, who bet in more than 1,000 markets and whose commission generated is less than 40 per cent of their lifetime gross profit.
Professional punter Matt Williams failed to echo McLaughlin's view, saying: "Betdaq is a poorer system and I couldn't see people using it instead of Betfair. I will carry on
using it [Betfair] and I'll have to take it on the chin. I think most others will do the same."
Betfair's share price hit a new low of 607.5p yesterday before recovering to close at 615.5p, down from 646p.
Racingpost.com
Betdaq on Monday claimed to have received a boost in business in the wake of Betfair's decision to increase their ‘premium charge' on their most successful customers to a maximum of 60 per cent.
As of Monday, Betfair's highstaking customers whose net profits are in excess of £250,000 are subject to the 60 per cent charge.
Shane McLaughlin, head of marketing at exchange rival Betdaq, said he had already observed the impact of Betfair's premium increase.
"We have noticed a large difference, but not a sudden surge from today, a gradual increase in the last month," he said.
Betdaq have made recent changes to their website in order to deal with their potential customer influx.
"We've upgraded our capacity in the past month to cater for more users and the system is coping fine," said McLaughlin.
"We've had an increase in liquidity, not only in horseracing. The Open golf was a record for us.
"The clients have always been there. We aren't having a massive influx of people opening accounts, it's just the existing ones are doing a larger proportion of their business on Betdaq."
McLaughlin suggested future competition would be a great deal closer between the exchanges.
"We are currently the number two but we are closing the gap. We see ourselves as a big competitor in the next few years."
Betfair spokesman Tony Calvin said there was "no noticeable difference in our markets" on the first day's betting activity with the increased charge.
"Of course, all our customers can see this for themselves," he said.
The Betfair customers facing the 60 per cent charge are those whose lifetime net profits exceed £250,000, who bet in more than 1,000 markets and whose commission generated is less than 40 per cent of their lifetime gross profit.
Professional punter Matt Williams failed to echo McLaughlin's view, saying: "Betdaq is a poorer system and I couldn't see people using it instead of Betfair. I will carry on
using it [Betfair] and I'll have to take it on the chin. I think most others will do the same."
Betfair's share price hit a new low of 607.5p yesterday before recovering to close at 615.5p, down from 646p.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Clearly very shrewd and spends a long time searching for value oddshgodden wrote:Professional punter Matt Williams failed to echo McLaughlin's view, saying: "Betdaq is a poorer system and I couldn't see people using it instead of Betfair. I will carry on
using it [Betfair] and I'll have to take it on the chin. I think most others will do the same."
