allaboutbetting
Free Bets. Help and Advice. Betting online for over 12 years.
allaboutbetting
Free Bets. Help and Advice. Betting online for over 12 years.
| Betdaq |  |
Betfair | |
WBX | |
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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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% |
|
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
Open a new account with Betfair and once you have made a deposit to your account and bet at least £10 in either one bet or a series of smaller bets you will receive a free £10 within 24 hours, whether you win or lose.
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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
To claim: 1. Register on the home page and become a WBX Member. 2. 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 you have won or lost a total of £100 on the Exchange.
• Claim a further £5 free bet every time you earn 20 WBX Lifetime Points.
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