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Betdaq Betfair WBX

Betdaq

BETDAQ is the trading name of Global Betting Exchange which was founded in 2000 by leading Irish businessman Dermot Desmond. The service offers betting markets on a wide range of international sporting and other events. BETDAQ strikes in excess of £50 million worth of bets every week and its customer base is drawn from more than 100 countries around the world.

Markets

The sports on offer at BETDAQ include horse racing, football, golf, tennis, greyhound racing, cricket, American football, rugby union, rugby league, Australian rules, formula 1, boxing and baseball. In addition, you can also place bets in political markets. The horse racing markets include all UK and Irish racing and a wide choice of American races. There is a huge range of football events to bet on including all the major leagues around the world, the Champions League, Europa Cup, major cup competitions and internationals.

In Running

At the start of selected events, all unmatched bets are cancelled and a new in-running market is opened. This allows you to bet right up until the final whistle of a match, the final game of a tournament or the winning post of a race.

Multiples

BETDAQ was the first exchange to introduce multiple bets to exchange betting. You can view all markets that are multiple ‘enabled’ through a separate multiples portal.

Commission

BETDAQ operates a layered commission structure whereby the more you bet, the lower your rate will be. Commission is charged on your net winnings from any single market. You do not pay any commission on losing bets. The standard commission rate is 5 per cent, but you will be able to bring that down to as low as 2 per cent depending on the volume of bets you have matched. You will gain one BETDAQ commission point for each £25, $40 or €40 amount won or lost across all markets. At the end of each week (0400 Hrs Monday) the points you have earned in the previous seven days will be added to 85% of your total carried forward from previous use to give a figure that determines your rate for the next seven days. The bands are as follows:

Betdaq Commission
Band
Breakdown
5.00%
0
4.75%
50
4.50%
200
4.25%
375
4.00%
575
3.75%
850
3.50%
1200
3.25%
1700
3.00%
2500
2.75%
3500
2.50%
5250
2.25%
7350
2.00%
10750

Trading Tools

If you trade on the exchanges, or are interested in trying out trading for the first time, BETDAQ offer a selection of free trading tools. These offer the opportunity to speed up your placing of bets and include market monitoring features.

Other Features

BETDAQ offer a mobile betting service so you can bet even when you are away from your PC. They also offer a comprehensive poker site.

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Betfair

The Betfair group of companies ('Betfair') offers a global portfolio of gambling products and services. This includes the world's leading betting exchange (a concept pioneered by Betfair), which is provided in the UK. Betfair's other betting platforms include a bookmaking operation provided from Malta and a second betting exchange in Australia. Separately Betfair's established gaming products include Betfair Poker, Betfair Casino and a number of exchange-enabled games. All of these are offered from Malta. Betfair is a licensed gambling operator in the UK, Australia, Malta, Italy, Austria and Germany. Betfair was founded in August 1999 by Andrew Black and Edward Wray in order to commercialise betting technology that had been under development for the preceding year. The technology used by Betfair is proprietary and, as well as being protected by copyright, is the subject of patent protection in various jurisdictions.

Markets

Betfair offer a huge range of markets to bet on, these include American Football, Australian Rules, Baseball, Basketball, Boxing, Cricket, Cycling, Darts, Financial Bets, Floorball, Golf, Greyhound Racing, Handball, Horse Racing, Ice Hockey, Mixed Martial Arts, Motor Sport, Netball, Pelota, Poker, Politics, Rugby League, Rugby Union, Snooker, Soccer, Tennis, Trotting, Volleyball. They also offer a range so special bets such as politics, Big Brother, X Factor and Strictly Come Dancing.

In Play

Betfair brings you an exciting and fast-moving addition to standard betting industry products - 'In-Play' betting. You are able to bet once the event has started. When a market is in-play, it signifies that the event the market refers to has begun. It applies equally to all types of betting and is represented by the icon on the betting interface. When a market is in-play, betting on this market operates in an identical fashion to normal, with one difference. When you place your bet, there is usually a deliberate time delay before the bet is processed. This is to protect customers who have made requests on the exchange for bets and wish to cancel or edit them when something dramatic happens during the event. There is no time delay for cancelling unmatched bets. The list of In Play games can be found in the TV listings on the homepage, the In Play today section of the homepage and in the Markets section of the forum. Betfair also offer an In Play coupon for weekends and midweek matches, this list is subject to additions depending on TV schedules.

Multiples

Betfair offers multiples betting, also known as accumulator betting. You can combine a number of selections from different markets into one bet. Betfair allows multiples of between two and eight legs. A leg is an outcome of a single market. You can select one or more runners from a market to form a leg. The odds for each leg are determined by the available odds of the runners in the equivalent singles markets. The odds for the multiple are determined by multiplying the odds for each leg together.

Commission

Betfair charges a Commission on your net winnings on a market. If you have a net loss on a market you do not pay commission. Commission is calculated by multiplying your net winnings by the Market Base Rate (MBR), as shown on the Rules tab of each market. For example, if you win £100 on a market with an MBR of 5%, you will pay £5 in commission. However you can earn discounts from this rate for betting more.

The size of this discount, or your Discount Rate, is determined by the number of Betfair Points you have accrued on your account. Betfair Points are earned in proportion to your betting activity: the more you bet, the more points you accrue, and therefore the greater your Discount Rate. Please note that your Discount Rate will be capped at 20% until you have completed Betfair's Know Your Customer requirements.

You earn Betfair Points every time you bet on a market. You will earn 1 point for every 10 pence of commission paid (if you have net winnings) or implied commission (if you have a net loss). Betfair Points are awarded equally whether you win or lose.

Example:

You have net winnings in a market of £400.
The Market Base Rate is 5%.
Your current Discount Rate is 40%.
Therefore the commission you pay is £12 (£400 x 5% x (1-40%)).
You earn 120 Betfair Points.

For the purpose of calculating Betfair Points your commission or implied commission on a market is rebased to British Pounds at the time of settlement.

Your Discount Rate is calculated from your current Betfair Points every week. This occurs at midnight (GMT) every Sunday using the table below:

Betfair Commission Discount
Betfair Points
From
To
Discount Rate
0
999
0%
1000
2499
2%
2500
3999
4%
4000
5499
6%
5500
6999
8%
7000
8999
10%
9000
10999
12%
11000
12999
14%
13000
14999
16%
15000
16999
18%
17000
18999
20%
19000
20999
22%
21000
22999
24%
23000
25999
26%
26000
28999
28%
29000
31999
30%
32000
35999
32%
36000
39999
34%
40000
43999
36%
44000
48999
38%
49000
54999
40%
55000
60999
42%
61000
66999
44%
67000
72999
46%
73000
79999
48%
80000
87999
50%
88000
95999
52%
96000
107999
54%
108000
125999
56%
126000
149999
58%
150000
60%


Once your Discount Rate has been calculated, your Betfair Points balance is reduced by 15%. This is known as the Weekly Decay. If you continue to bet at the same level each week, your Discount Rate will remain unchanged. If your Betfair Points at any time imply a higher Discount Rate, you will move to that rate immediately.

Discount Rates are applied at the time of market settlement rather than bet placement. Bear this in mind when betting in long term markets.

The Betfair Points Statement within your My Account section provides a full history of your Betfair Points, and shows changes as a result of your betting activity, weekly decay and any relevant promotions. This statement also shows your current Discount Rate. You are able to prevent the weekly decay of your Betfair Points by using a Betfair Holiday. You may continue to bet during your Betfair Holiday but will not earn Betfair Points for any markets settled during this period. You earn one Betfair Holiday when you register and one additional Betfair Holiday every three months thereafter. You may use your Betfair Holiday at any time but cannot accrue more than four unused Betfair Holidays on your account. The Betfair Holidays section within the My Account section provides a calendar of the next 26 weeks and enables you to book or cancel Betfair Holidays for any of these weeks. You may book or cancel your holiday any time up to three hours before the decay occurs (Sunday at midnight GMT).

Current Offer

Open a new account with Betfair, deposit and place a bet on your selection and you will receive a free bet to the same stake up to £50.

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WBX - World Bet Exchange

WBX, or World Bet Exchange, is a person-to-person bet exchange, where punters can trade bets with each other on the world’s major sporting, political and entertainment events.

Unlike traditional bookmakers, WBX’s Members bet with each other, becoming either a backer or layer of teams or entrants taking part in major competitions across the globe. WBX acts as a broker, taking a small commission from the winner of each bet that is placed.

The prices you find on WBX have all been set exclusively by our Members using money they have already deposited with us to place their bets. This means that WBX has no financial exposure whatsoever on the bets placed on our website. Our role is solely to act as a facilitator between our Members, and to ensure that the money bet between them is successfully transferred to the winner in each individual transaction. The settlement of all bets is guaranteed by WBX.

WBX is the most technologically advanced betting platform ever brought to exchange betting. With millions of pounds spent in development, WBX believe that the website is now the most reliable, secure and progressive betting platform not just in person-to-person betting, but in the whole of the gaming industry. WBX’s bet exchange was written and developed as an independent custom-made technological solution – that means the technology behind the betting platform is unique to WBX.

In an industry where competition is thin on the ground, the arrival of WBX has put every exchange player back in control.

Offering a new and exciting alternative in person-to-person betting, WBX now finally provides the choice that will ensure the future of exchange betting always remains in the hands of the consumer.

With a state-of-the-art betting platform designed by the world's leading developers, unique rewards programmes and some of the most competitive commission rates anywhere in exchange betting, WBX will finally provide a genuine alternative for bet exchange customers.

Commission

WBX only charges commission on your net winnings in a market. You do not pay commission on net losses.

Commission is calculated during market settlement and is based on your net winnings multiplied by the Maximum Market Rate. WBX then applies a discount, the WBX Loyalty Discount (between 0% and 100%), giving you a final commission rate.

(Net Winnings) x (MaximumMarketRate) x (1 - (WBX Loyalty Discount) ) = WBX Commission

Example:

Your net winnings total £200, the Maximum Market Rate is 5% and your WBX Loyalty Discount is 25%. Your commission is calculated as follows: (£200) x (5%) x (1-25%) = £7.50

Maximum Market Rate

WBX's Maximum Market Rates vary depending on the number of entrants in a market:

3 or less entrants = 3%
4 entrants = 4%
5 or more entrants = 5%

WBX Points

The number of WBX Points you accumulate determines the level of your WBX Loyalty Discount. In short - the more you bet with WBX, the more WBX Points you will accumulate and the higher your discount will be.

You earn 1 WBX Point for every £1 of Commission that you are charged during settlement of a market. If you lost on a market, and have therefore paid no Commission, you will still earn 1 WBX Point for every £1 of Commission that you would have paid if the amount that was lost was actually won. So you earn WBX Points no matter whether you won or lost on a market. If the amount of your win or loss is less than £1, you still earn the corresponding fraction of a WBX Point.

Example:

If you have a WBX Loyalty Discount of 10% and back £100 at odds of 3.0 in a market with a Maximum Market Rate of 5%, WBX Points will be awarded as follows:

If the bet wins: £100 x 3.0 = £200 win x (5% x (1-10%)) = 9 WBX Points
If the bet loses: £100 loss x (5% x (1-10%)) = 4.50 WBX Points

Daily Decay Rate

WBX Points are set to decay daily. The daily decay rate is set at 2% per day.

A daily decay of 2% is equivalent to 13.18% decay per week.

The daily decay for all Members will be set to occur at 3am GMT.

WBX Loyalty Discount Table
WBX Points
WBX Loyalty Discount %
0
0
2
1
8
2
18
3
30
4
50
5
70
6
100
7
125
8
160
9
200
10
240
11
280
12
330
13
380
14
440
15
500
16
570
17
640
18
710
19
780
20
870
21
950
22
1,030
23
1,130
24
1,230
25
1,320
26
1,430
27
1,550
28
1,650
29
1,750
30
1,900
31
2,000
32
2,150
33
2,300
34
2,400
35
2,500
36
2,650
37
2,800
38
3,000
39
3,100
40
3,300
41
3,400
42
3,600
43
3,800
44
4,000
45
4,150
46
4,300
47
4,500
48
4,700
49
4,900
50
5,100
51
5,300
52
5,500
53
5,700
54
5,900
55
6,400
56
7,000
57
7,800
58
8,500
59
9,200
60

Other Features

WBX Mobile is a specially adapted version of WBX for all mobile devices equipped with internet browsers including Apple iPhone® and BlackBerry®. It offers the same value prices and betting opportunities as the main WBX website whilst 'on the go'.

Current Offer

Claim up to £25 in free bets for one month. The more you bet, the more free bets you will accumulate:
Claim a £10 free bet when £100 is won or lost.
Claim a further £5 free bet for every additional £500 won or lost.

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