Is Betdaq Trading The Future?
Betdaq trading currently offers 20-60% MORE profit to winning traders…
And it didn’t crash again at the weekend either!
It’s not hard to see how many customers are disgruntled with Betfair if you look at their ‘Helpdesk’ account on twitter.
They routinely tax consistent exchange traders (depending on the amount of profit and generated commission) and then just refer to terms and conditions when the API crashes, which if you’ve been trading for any time will know it’s too often.
Yesterday was no exception… and so the ‘Helpdesk’ becomes the ‘Sorrydesk’ that never provides any explanation as to why it failed again. You can’t help but wonder why the current CEO Breon Corcoran has just been awarded a £10,000,000 bonus. Apparently he’s ‘turned the online betting exchange around’… more like killed it and joined the list of conventional bookmaker in my opinion.
So where does that leave us traders? Of course there’s still plenty of cash to be made… loads of it in fact, but where can we get the best return from our efforts?
Betdaq trading seems to be the answer. Liquidity isn’t the same just yet, but things are certainly improving!
Betdaq Trading Is Becoming A Feasible Alternative…
Betdaq trading has been difficult previously, purely due to the lack of money available to match. It’s a bit like trading a Dundalk race at 9pm on a Friday. Nobody’s watching, the racing isn’t that interesting and everyone’s too busy getting pissed. Who could blame them, right?
[Betdaq trading earlier this week]
However, over the last year there has been a few changes. While the markets still remain a bit ropey on a Monday – Thursday, the remainder of the week is a bit more lively. Betdaq trading is an option over the weekend.
It’s hard to tear yourself away from the other exchange, particularly if you prefer to scalp the prices for a few ticks here and there near to the start. Longer term trades though are quite possible.
The hardest part I find is; exiting the trade.
Have a look above, and then below. The price bounced a little, I was a bit twitchy as I had open trades on Betfair at the same time but it took several ticks to exit in full (due to limited liquidity).
When you weigh up the potential premium charge differences though, it’s not really a problem for this kind of trade at all.
[Betdaq trading on Friday]
Betdaq Trading – The Positives…
The current liquidity is pretty much the only negative for Betdaq trading. With an increase in liquidity on Betdaq and Betfairs increase in incompetency, the future path to Betdaq trading is likely to be littered with gold! In the short-term at least.
As with everything, those that got in first are often in the best opportunity to capitalise. So if you’re just getting into Betfair or Betdaq trading these kind of changes could be a great advantage. And for those already making money on Betfair, it’s even better!
Reduced commission is another positive, it may not seem like a lot but Betdaq’s current commission structure is far more beneficial to Betdaq traders than elsewhere. Over the course of a few thousand markets it soon adds up!
My personal favourite being, there are no ‘Premium Charges’. Hence the headline, a whopping saving of 20-60% for highly profitable traders. For pre-race horse racing traders its big news due to the way Premium Charges are calculated.
Obviously there are no promises on this front, but I’ve never witnessed a Betdaq crash either. Unlike Betfair at the weekend!
[Betdaq trading on as I write this post]
This morning, while writing this post I’ve had a ‘early trade’. Just as a tester more than anything…
There’s not a lot of information to go off in the market at all, which makes business a little trickier. But with Betfair as my guide I’ve managed to make a few quid.
From a stake of £109 that’s not too bad so far… If longer term trading’s your thing then Betdaq trading’s highly advisable. The scalpers may have to wait a little longer though, or be a little selective.
Hopefully there will be more improvements for Betdaq trading in the coming months!
Update: In-case you was wondering how the trade above panned out….
Similar stakes were used on Betfair. The main difference being, due to market noise I managed to exit the position at a better price.
On the other hand, there’s no additional charges for me using Betdaq.
Betdaq trading Account – If you haven’t already got one you can HERE.
Betdaq trading FAQ’s –
Where can I get Betdaq trading Software?
A few of the different software vendors that operate on Betfair have a Betdaq version. I use the geeks toy for both, you can grab a copy HERE
How much does Betdaq trading software cost?
At the moment Betdaq trading software is free. I’d imagine if it become a leading player in on-line betting exchanges that may change, but make the most of it for now!
What is Betdaq trading?
Betdaq trading is just the same a s Betfair trading. If this is the first time you’ve come across it there is an explanation on this link HERE.
What’s your best Betdaq trading advice?
All the usual advice applies, although I’d also make a point to use smaller stakes. When markets are thin in liquidity it’s a lot tougher to get bets matched where you would like. By reducing stake sizes and picking trading opportunities carefully you can still succeed, but keep disciplined. A bad decision in poor liquidity can mean giving away extra profits.
How much can I make from Betdaq trading?
Everyone who’s just discovered this always asks this question. The answer is always the same: you’re the limiting factor. Others before you, and I have made huge sums of money from betting exchangers online. You only have to look HERE. How much you can make from Betdaq trading will depend on your style, time invested, sports traded and mental approach.