BETDAQ Exchange Explained
Traditional bookmakers build their profits by setting odds that work in their favor. This is where betting exchanges shift the game. Instead of wagering against a bookmaker, you’re betting against other players.
It’s a peer-to-peer betting ecosystem where the middleman’s cut—often referred to as the vig—is removed. With a betting exchange, you take full control. You set the terms. You decide the odds. If another bettor agrees to your conditions, the wager is on. No inflated margins. No hidden percentages. Just raw, market-driven betting.
Of course, exchanges still need a revenue stream. Enter commission. Betting exchanges charge a small fee for facilitating the trade, but the numbers speak for themselves—lower costs, better odds, and a transparent structure that works in favor of the bettor.
They charge a 3% commission, and only on winning bets. That means if you place a wager and lose, there’s no fee. If you win, you pay just a fraction of your earnings. Compare that to the margin built into traditional sportsbooks, and it’s clear where the advantage lies.