Betdaq exchange : Commission effect and comparison

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stueytrader
Posts: 606
Joined: Tue Dec 15, 2015 6:47 pm

Thu Mar 07, 2019 12:57 pm

Just wondering, if you are a punter on exchanges, why does anyone choose to pay more than the 2% that Daq offer (i.e. by using BF instead)?

That's without even mentioning the PC issues at BF (though know some of that is creeping across to Daq).

But basically if you were sticking bets up, why on earth not choose Daq?

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jimibt
Posts: 2584
Joined: Mon Nov 30, 2015 6:42 pm

Thu Mar 07, 2019 1:05 pm

stueytrader wrote:
Thu Mar 07, 2019 12:57 pm
Just wondering, if you are a punter on exchanges, why does anyone choose to pay more than the 2% that Daq offer (i.e. by using BF instead)?

That's without even mentioning the PC issues at BF (though know some of that is creeping across to Daq).

But basically if you were sticking bets up, why on earth not choose Daq?
i've not really used BetDAQ in anger but imagine there could well be cases of liquidity, even if only *punting* a few hundred on a race. would be interested in hearing more seasoned opinions as there are obviously some stats based stratgeies that are full on punt, rather than trading, so maybe it's worth discussing the caveats.

stueytrader
Posts: 606
Joined: Tue Dec 15, 2015 6:47 pm

Thu Mar 07, 2019 1:09 pm

jimibt wrote:
Thu Mar 07, 2019 1:05 pm
stueytrader wrote:
Thu Mar 07, 2019 12:57 pm
Just wondering, if you are a punter on exchanges, why does anyone choose to pay more than the 2% that Daq offer (i.e. by using BF instead)?

That's without even mentioning the PC issues at BF (though know some of that is creeping across to Daq).

But basically if you were sticking bets up, why on earth not choose Daq?
i've not really used BetDAQ in anger but imagine there could well be cases of liquidity, even if only *punting* a few hundred on a race. would be interested in hearing more seasoned opinions as there are obviously some stats based stratgeies that are full on punt, rather than trading, so maybe it's worth discussing the caveats.
There is some liquidity issue, but I'd say more recently a lot less problem in that respect (i.e. enough money around to match these days). Prices seem virtually identical too from what I can make out, though timing may be slightly different for when money is around in markets.

spreadbetting
Posts: 2936
Joined: Sun Jan 31, 2010 8:06 pm

Thu Mar 07, 2019 1:21 pm

stueytrader wrote:
Thu Mar 07, 2019 12:57 pm
Just wondering, if you are a punter on exchanges, why does anyone choose to pay more than the 2% that Daq offer (i.e. by using BF instead)?

That's without even mentioning the PC issues at BF (though know some of that is creeping across to Daq).

But basically if you were sticking bets up, why on earth not choose Daq?
If you're a punter PC wouldn't be a problem but getting matched usually is. The majority of punters simply want to get on, not sit at the PC waiting for any worthwhile liquidity to arrive. Been a long time since I used Betdaq as I found them useless for various reasons but I just couldn't justify the time spent waiting for worthwhile money and to also maintain two banks (BF+BD). It's all very well sticking bets up but if they're not being matched it becomes a bit of a time waster.

stueytrader
Posts: 606
Joined: Tue Dec 15, 2015 6:47 pm

Thu Mar 07, 2019 2:05 pm

spreadbetting wrote:
Thu Mar 07, 2019 1:21 pm
stueytrader wrote:
Thu Mar 07, 2019 12:57 pm
Just wondering, if you are a punter on exchanges, why does anyone choose to pay more than the 2% that Daq offer (i.e. by using BF instead)?

That's without even mentioning the PC issues at BF (though know some of that is creeping across to Daq).

But basically if you were sticking bets up, why on earth not choose Daq?
If you're a punter PC wouldn't be a problem but getting matched usually is. The majority of punters simply want to get on, not sit at the PC waiting for any worthwhile liquidity to arrive. Been a long time since I used Betdaq as I found them useless for various reasons but I just couldn't justify the time spent waiting for worthwhile money and to also maintain two banks (BF+BD). It's all very well sticking bets up but if they're not being matched it becomes a bit of a time waster.
The prices basically follow around whatever is getting matched currently on BF. So don't really see the issue in that respect.
Plus, not all punters are idiots who want a quick fix bet, there's plenty serious ones who will wait to take a price at the right time. Surely, they are much better off paying just 2% on profits...??

stueytrader
Posts: 606
Joined: Tue Dec 15, 2015 6:47 pm

Thu Mar 07, 2019 2:11 pm

Last race at Wincanton (midweek nothing race, as example) just matched well over quarter million pre race on Daq - surely enough to satisfy most punters wanting a bet on?

spreadbetting
Posts: 2936
Joined: Sun Jan 31, 2010 8:06 pm

Thu Mar 07, 2019 2:44 pm

stueytrader wrote:
Thu Mar 07, 2019 2:05 pm

The prices basically follow around whatever is getting matched currently on BF. So don't really see the issue in that respect.
Plus, not all punters are idiots who want a quick fix bet, there's plenty serious ones who will wait to take a price at the right time. Surely, they are much better off paying just 2% on profits...??
I guess you'd have to ask them, if they're not idiots they must have some reason for not using it. Maybe their bets just sit there like a sore thumb

For me it just wasn't workable waiting around for prices to get matched, which only seemed to be when arbs were created against BF. If it's working fine for you the last thing you want over there is a load of clued up traders/punters, you should just milk it whilst you can.
Last edited by spreadbetting on Thu Mar 07, 2019 2:48 pm, edited 2 times in total.

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megarain
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Thu Mar 07, 2019 2:46 pm

The volume calc is different on both exchanges.

Betdaq is based on price .. if u match 50 at 5.0, volume is 200 .. so, u cant really compare like for like.

Betfair would be 100 .. 50 for layer, 50 for backer.

U could argue both methods are a little devious.

stueytrader
Posts: 606
Joined: Tue Dec 15, 2015 6:47 pm

Thu Mar 07, 2019 4:25 pm

spreadbetting wrote:
Thu Mar 07, 2019 2:44 pm
stueytrader wrote:
Thu Mar 07, 2019 2:05 pm

The prices basically follow around whatever is getting matched currently on BF. So don't really see the issue in that respect.
Plus, not all punters are idiots who want a quick fix bet, there's plenty serious ones who will wait to take a price at the right time. Surely, they are much better off paying just 2% on profits...??
I guess you'd have to ask them, if they're not idiots they must have some reason for not using it. Maybe their bets just sit there like a sore thumb

For me it just wasn't workable waiting around for prices to get matched, which only seemed to be when arbs were created against BF. If it's working fine for you the last thing you want over there is a load of clued up traders/punters, you should just milk it whilst you can.
I think it's come on a bit to be honest since it was just an arbing vs BF type of exchange. The prices are essentially almost identical most of the time, especially nearer the off times. It does take a little longer still than BF, more money nearer the off, but if punting that would hardly matter.

In terms of possible prices and volume there's not much between the two exchanges, the only real difference is % commission, which is much better from Daq than BF.

Still not really seen any reason someone wanting a bet would choose to pay more to do exactly the same bet...it's paying more for almost identical products.

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jimibt
Posts: 2584
Joined: Mon Nov 30, 2015 6:42 pm

Thu Mar 07, 2019 4:48 pm

I'm still wondering if you'd be able to exploit the full capacity if for example, you had a series of *bets* that you wanted to place over half a dozen races, each for a few hundred each. i guess tbh, the only way is to try it -worst case sceanrio being that your planned strategy still worked but only matched on a %age of your stake..

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