Will Betdaq take off this year?
What an open question that is! I’ve stuck up a poll on the right that you can give me your answer on.
For years Betdaq has been a much weaker market than Betfair. In 2008 it got a boost when Betfair increased charges. A few vendors, including Bet Angel, rushed to make their applications Betdaq compatible. But the majority didn’t however. This rush to Betdaq was short lived and things very soon, sort of, carried on as normal. I say sort of, as some people who tried Betdaq or took the time to develop stayed, me included. It was quite an easy decision for me as, through past experience, I knew that having more than one feather in my cap always paid dividends and having two companies competing for my business was better than one.
Things have been improving slowly over time and but got a big flip again last year when Betfair changed charges again. Once more people said they would do more business on Betdaq, but will it be different this time?
One thing that has changed this time is that there has been a sustained increase in business on Betdaq and that has provided more opportunity, as I have mentioned often in the blog. I think some of this has come around because some larger players have been forced to really make it work this time. We have also done our bit by completely overhauling Betdaq Angel, it received a major upgrade in the middle of last year. That brought it up to spec with the Betfair version, spreadsheets, Guardian and all. It’s been completely free since we introduced it in 2008, so if you want to see more activity on Betdaq; spread the word. Because it’s free you have no real excuse to not download and use it!
From my perspective, I was around at the very start of Betfair so I know the characteristics of a ‘young’ market. Therefore, I am getting better and better on Betdaq, I am often getting similar results on both exchanges (see below for the last race, last week). But to be ideal it just needs a bit more of the ‘right sort’ of activity to bring into play additional strategies. If that happens then I think we could hit an upward cycle.
Your individual circumstances will vary and therefore I suggest you use both exchanges, I do. It’s most important that you use something that suits your style or needs and gives you the greatest opportunity. But it will interesting to see if Betdaq really gets going this year. What do you think?
Category: Betdaq, Using Bet Angel
