BETDAQ XSP

The purple place, the most viable alternative to the Betfair exchange
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

A few months ago when Betfair went down:
screenshot.png
viewtopic.php?f=15&t=8160&p=98608&hilit=betdaq#p98608
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

LeTiss 4pm wrote:plus other traders......who just happen to be shit at trading
I saw a You Tube video the other day from a 'pro trader' that was almost exactly the opposite of how the market should be traded. So I think you will always have a willing supply of those in the market.
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I've noticed a lot of the time that Betfair and Betdaq can deviate so there is often a chance to exploit that if you are sharp. Happens quite often, no idea why.
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

I saw a You Tube video the other day from a 'pro trader' that was almost exactly the opposite of how the market should be traded.
Would you mind posting the link? (or in a pm)

I've said it again and again: betdaq is way to strict in accepting users from outside the UK. For me, having SP functionality would definitely offset the 2%. But that's all moot because I can't open an account there.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Will the XSP display in the current version of BA for Betdaq, or does it need extra coding? Seems to have been dumped in y=very quickly without warning. I know they've been saying it was due for a while but never seen a set date they've said it was due to come in and one nights notice is short to say the least.

Personnally I'm much happier to have a XSP option available than the 2% offers. As long as it's somewhat robust and reliable I'll certainly use it.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

andyfuller wrote: As for the T&C's on the new XSP I have to say I was not impressed by them though T&C's are never great reading so hopefully in practice it is better - I guess we have to give it a fair try.
I thought they pretty much echoed Betfairs own SP terms to be honest and I'm guessing their algorithm will be the same. Maybe they just want to distance their t&c's as far away from BSP to avoid any legalities of copying someone elses product. Each of their terms could easily be found within Betfairs too.

Only term I didn't like was the fact they're bringing palpability into the exchange model, seems to suggest they'll be major players in the market and not willing to take any risks with their cash.
26.10 If for any reason Betdaq returns XSP prices it deems to be palpably different to the expected odds for a given market, the company reserves the right to void all bets on that particular selection or market in relation to XSP bets.
Bear's The Name
Posts: 61
Joined: Thu Mar 05, 2015 9:04 am

Here's the first set of SP's from BQ compared to BF:

Marshgate Lane BQ: 3.53/ BF: 3.61
Stetchworth 4.72/4.8
Street Artist 5.35/5.5
Gaelic Silver 7.14/6.52
Spiritual Star 9.03/9.84
Robert The Painter 20.1/20.2
Woofie 62.4/53.8

More variation than I expected...thought?
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

99.86% book, wonder if they've engineered to be as close to 100% as possible, guess we'll see throughout the day.

I'd guess the amounts matched are very low at the moment so should be pretty close to the final market prices.
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I imagine not many people are using it at the moment.
Bear's The Name
Posts: 61
Joined: Thu Mar 05, 2015 9:04 am

The later races were a lot closer.

Spoke to BQ earlier and they confirmed that although the 2% thing has gone, they are continuing on with the 50% discount for Bet Angel users. So that's something. Will leave me around the 2% mark, I think I can live with that.

You can't seem to select the SP condition manually for bets placed via the API - I guess a condition would be useful - perhaps in the same way that the KEEP option is selected at present (via the settings menu).

I'm sure Peter is on the case - did you know XSP was on the way or was it as big a surprise as it was to me?
st3v3y
Posts: 9
Joined: Wed Apr 15, 2015 8:04 am

As far as I'm aware the 50% discount is due to finish at the end of May. Have they said they will be extending it beyond this point?
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I just got an email saying it's being extended to cover 2016

Dear *******,
We are delighted to announce that we are extending our 50% Commission Refund Bonus promotion for all bets placed with a BETDAQ Trading Tool until the end of 2016!
While our competitors take from you each Wednesday we give back 50% of the commission you paid from the previous week! (Up to £150 per week)
As well as this, with BETDAQ you don't have to pay premium charges like elsewhere. To opt in to this promotion simply enter the promo code: TTBONUS in the 'My Account' section of the site.
If you have already opted in, there is no need for you to opt in to this promotion again, all you need to do is continue to bet using a Trading Tool and your refund will be applied every Wednesday.
So get betting with BETDAQ Trading Tools where you get a 50% Commission Refund and never have to pay premium charges!
*Terms & Conditions Apply
Bear's The Name
Posts: 61
Joined: Thu Mar 05, 2015 9:04 am

Yes, me too! Fantastic news. I'm definitely sticking with Betdaq as long as they keep this up.
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

Thread bump rather than start a new one:

Does anyone know if Betdaq publish historic XSP prices and/or have a sample? If not I will start collecting next week / might email them, very interested to see how it compares to Betfair.
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Dallas
Posts: 22672
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

LinusP wrote:
Sat Nov 10, 2018 11:14 am
Thread bump rather than start a new one:

Does anyone know if Betdaq publish historic XSP prices and/or have a sample? If not I will start collecting next week / might email them, very interested to see how it compares to Betfair.
I've downloaded a few from here in the past but yet not checked for accuracy, if you are able to scrape the whole lot I wouldn't mind a dump of it if possible?
https://www.betdaqtips.com/xsp-returns-november-2018/
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