What would make you move your business to Betdaq?

[nachtwacht]

Well, I just moved there but 2 things immediatly made me not like it all.

1) BetAngel is missing some features in the Betdaq version wich it is having in the Betfair version (greening up from the ladder is what I am missing most the first 5 minutes I traded)

2) Greening up does not work if the stake is smaller than the minimum.

Especialy that last thing makes it a lot more difficult to trade on Betdaq. I currently trade with 10 euro positions and usualy the profits are so small that every time I would not be able to green it up.

Maybe I am doing something wrong... I for sure hope so.....

[aligammack]

As most of the obvious things have already been said I’m going to try and think outside the box.

Maybe contract the help of x (10’s, 100’s, 1000’s????) of traders that will trade Betdaq each day.
In return Betdaq could
• Pay them a basic salary or
• Pay them a bonus if Betdaq reaches a pre-defined target of market share or
• Give them a small percentage of the company.
• Or all of the above

Basically I think what I’m trying to say is some kind of future loyalty bonus that rewards those that consciously help betdaq reach its targets.

I don’t know if this is do-able and haven’t really given it much thought. I just wanted to add something as I would very much like to see a competitor to Betfair and stop the monopoly.

[Bet Angel]

Thank you for all your valuable feedback. Betdaq are planning to come down and see us next week so if you want to throw anything else into the mix, please post up your thoughts.

[LeTiss]

Thank you for all your valuable feedback. Betdaq are planning to come down and see us next week so if you want to throw anything else into the mix, please post up your thoughts.

I know some people are confused by Betdaq's different liquidity figures

Traders & punters feel comfortable with Betfair, so perhaps replicating the way Betfair increase the markets matched figure would be a good idea

I also think they should target the bigger traders who will obviously drive Betdaq's rise. Perhaps for people who trade 'x' amount of money per week they could have an 6 month period of zero commission

[andyfuller]

I also think they should target the bigger traders who will obviously drive Betdaq's rise.

I personally disagree with this. In my opinion the main reason people are not willing to make a move is because of the lack of liquidity. Therefore bigger traders will struggle to get matched much more than smaller traders.

When I tried Betdaq when the Premium Charge first came out I was a relatively small trader and could get matched okay. Not as easily as I could on Betfair but okay. However, now I trade with larger amounts I struggle to get them matched over at Betdaq. Therefore I think it would be much easier for the smaller trader to make the move.

If a lot of smaller traders moved over this would create liquidity which would eventually facilitate the bigger traders and punters.

Also people often say that the bigger traders are the sharks and the smaller traders are the fish. Wouldn't it therefore make sense to try and trade where the sharks aren't?

Finally I read somewhere on this forum that Betdaq should encourage the bookmakers to use Betdaq to hedge etc. If you speak to bookmakers on course this is exactly what they currently do. Most bookmakers use Betdaq already - if you watch the markets over there this creates some very good trading opportunities.

[J.S.]

I would consider moving to BetDaq if Betfair kept crashing on a regular basis, but Betfair provide us with such a good service that could never possibly happen .... could it?

No that wouldn't ever happen

[enzabella2009]

I have announced Betfair customer-support one month strike for their unreliable service. I am making no profits or losses on betfair but I am doing my bit to let them know that I dont, necessary, need them to trade on football. My football strategys can be adapted to less liquidity or on games that dont go IN PLAY. I feel no stress at all since i have stopped trading on betfair and I have also, realized that I am only trading on betfair because of betangel better feutures invested by betangel over betfair. I am sure that betfair is missing some fee charges from me, I have already recieved a long e-mail by them to apoligise for their behaviuor...It is start and hopefully betangel will adapt those positive feutures over betdaq for me to finally leave betfair for good.

[Bet Angel]

I'm not sure that upgrading Bet Angel will make a difference? When we produced the first Betdaq version it was exactly the same but the two have drifted a bit since then, due to many upgrades on the Betfair version. Back when the two were the same it didn't seem to make much difference?

We wouldn't rule anything out, even some of the 'out there' suggestions on the thread. We are happy to represent any views for you to Betdaq.

[andyfuller]

When we produced the first Betdaq version it was exactly the same

I may be wrong but as I remember the two versions were different for example the charts were different and you could not see how much was being matched per selection, it instead showed the amount being matched on all selections. Though I may have be wrong as it was some time ago now.

[rogerpalmtree]

Unless I'm missing something all the charts on betdaq just seem to be linked to an odds comparision site. I would have thought that most people find it easier to see whats gone on in the past using the style of graphs used on betfair. I personally often look at the graphs on betfair after events have finished to get a better idea of future opportunities, but the betdaq price charts don't seem too useful.

[SteveMariner]

I need liquidity in the in-running market. To attract more cash why not fix the commission at say between 2-4% (depending on volume traded) on all markets before the start and 2% for all in-running markets. And NO premium charge. If that doesn’t attract the people over I don’t know what would. Also a reliable API as Betfair is playing up for me today.

[J.S.]

Not being able to green up is the killer for me.

- Could someone just clarify that this is definitely not possible with smaller stakes?
- What would happen if I greened up on BA using small stakes?
- Roughly speaking, what would you need to stake to be able to green up on Betdaq?

I'm actually really up for switching but if I can't green up with my staking then there really isn't an alternative option for traders like me.

[Bet Angel]

50p is the minimum bet at Betfaq so your would be only be able to green up if your green up bet is at least 50p. I.e £1 at 2's

[J.S.]

Thanks, this does limit their customer base at a time when they should really be making it easier for people to try and use their service.

Even big traders would want to be able to test a strategy, or perhaps a bot or spreadsheet will small stakes on Betdaq, and cannot.

I'm guessing bookmaking/dutching are pretty much out too unless you are willing to use large total stakes, even with this though, I can't see greening up on a large field being easy without leaving a liability on something.

You guys see where I'm going with this, commission reductions and everything else is irrelevant if I'm not physically able to use the service.

You'd think the pros of changing the minimum bet rule would by far outweigh the cons?

[andyfuller]

I agree - it seems madness to limit the amounts like that. I understand there is a cost associated with each transaction but I think Betdaq's best way of building a customer base is to look to attract small users. They will be able to get matched easier than the bigger players and will be the bigger traders of tomorrow.