What commission does BETDAQ charge on winning bets?
(Effective from 14/06/2023)
Commission is paid by customers based on their net winnings in a market. No commission is payable where the customer has made a net loss on a market.
BETDAQ charges a flat 2% commission fee to customers on all Exchange Net Market Winnings on all sports: ("Normal Commission Rate").
The Normal Commission Rate is charged at 2% for customers residing in the UK, Ireland, Gibraltar and Jersey and 5% for customers residing in all other territories.
BETDAQ reserves the right to charge an additional rate to the Normal Commission Rate on certain sports from time to time, (“Enhanced Commission”). Such Enhanced Commission will be clearly marked in the Market Information where it applies.
The Normal Commission Rate and the Enhanced Commission Rate apply to all consumer customers on BETDAQ. However, we reserve the right to apply different rates to accounts in other customer categories which may include the following customer groups: commercial customers including licensed bookmakers, certain profitable customers and customers with heavy usage of the exchange such as, but not limited to, API customers. We will notify such customers in advance if their accounts become subject to charges other than those specified commission rates.
Commission points have no impact in the calculation of the amount of commission you pay and may be used in marketing or loyalty programs. Commission points are awarded to customers on the following basis: One exchange commission point is earned for each £25/€40/$40 won or lost across exchange markets. Points have no cash redemption value at any time.