Betdaq Trader User Guide
Table of Contents
- Login
- Overview
- Event Card Overview
- Event Card Views
- Settings
- Betslip Settings
- Event Card Options
- WatchList
- Single Click
- Multi Betslip
- Cancel, Suspend and Unsuspend
- Current Bets
- Activity and Alerts
- The Ladder Interface
Run the software from the download link here. Follow all the steps as directed. This will install a launch icon in your program files under the start button.
Once the software is installed, you are ready to launch. Click the launch icon and the following screen appears:
Enter your username and password and select whether you are a Betdaq.com or Betdaq.co.uk customer. You are now logged in to the application.
The layout on the main screen going clockwise from the top left is as follows:
- Left Navigation: Exactly like the Betdaq website: Any markets that are available on the site will be available here.
- Cancel All: Click this to cancel all unmatched offers on all markets – you will receive a confirmation pop-up.
- Suspend All: This suspends all your unmatched offers. Suspending doesn’t cancel orders, but stops users matching them. You can put them all up again in one click without having to re-enter (this feature is very handy if trading in-running and it looks like there is goingto be a goal or if you are stepping away from your PC for a few minutes).
- Unsuspend All: Reinstate any unsuspended orders in one click.
- Single Click: Enable or disable single click betting. Single betting allows you to place a bet in one step by choosing a standard unit of stake beforehand. You cannot choose the odds, however, you can take whatever odds are there (i.e. you are matching bets, not putting up offers). If single click is on, you receive no betslip. If single click is off, you get a betslip and can choose to enter your own odds and stake.
- Single Click Units: You can choose three backing stakes and three lay exposures. Whichever option you choose will be your
stake for single click.
- Watchlist: This section allows you to create a coupon of selections from a range of markets in one screen. More details on
this below in section 8.
- Settings: Configure how you want your Betdaq Trader to function. More details on this below in section 5.
- Logout: Click to logout and close the application.
- Balance: Your total funds.
- Exposure: Exposure on bets outstanding.
- Available: Your total funds minus your current exposure.
- Main Panel: This is where your markets load and you can open as many as you want while dragging and dropping them where you
wish.
- Activity and Alerts: This section keeps you updated on all your bets. You are notified if a bet is placed, altered, matched or cancelled. More
details on this below in section 12.
- Current Bets: This lists your current bets, both matched and unmatched. More details on this below in section 11.
To open a market, drill down through the left navigation and click on the market name you want. This will load the market in the main panel.
Any other markets you open will load here too in a windows format. Each window can be dragged and resized to suit you.
Each Market has the following features going clockwise from the top left as follows:
- Starts in: The time left, counting down, before the due start time.
- Matched: The total amount matched so far on the market.
- Event Card Views: There are four different ways you can view the market, each with it’s own features. These will be explained in full detail in the ‘Event Card Views’ section below.
- Cancel All: Click this to cancel all unmatched offers on the market – you will receive a confirmation pop-up.
- Suspend All: This suspends all your unmatched offers on the market. Suspending doesn’t cancel orders, but rather stops users matching them. You can put them all up again in one click without having to re-enter (this feature is very handy if doing in-running and it looks like there is going to be a goal or if you are stepping away from your PC for a few minutes).
- Unsuspend All: Reinstate any unsuspended orders on this market in one click.
- Add all selections to the Watchlist: This adds every selection into a type of coupon builder where you can monitor all selections added in one view. This is explained in full detail in the ‘Watchlist’ section below.
- Bet Slip: This will open a BACK Bet Slip.
- Back All: This function allows users to Back ALL selections in the market.
- Lay Slip: This will open a LAY Bet Slip.
- Lay ALL: This function allows users to LAY ALL selections in the market.
- Close out position Market Level: Closes your open positions on all selections individually to give a total figure as close to level as is possible with regard to the selections winning or losing. By clicking this, all selections will have a P&L of this figure.
- Close out position Selection Level: Closes your position on this selection as close to level as is possible with regard to the selection winning or losing.
- Current Bets: Lists all your bets placed on the market. The unmatched bets can be cancelled or altered from here. When altered, press the submit button to confirm. To cancel your changes before submitting, press reset.
Event Card #1: This is the classic market view i.e. the same as the website. This event card allows one click taking of offers by having the 'Single Click Default Mode' flag set to on.
Event Card #2: This is the reverse market view i.e. the back and lay columns are swapped compared to the website. This event card allows one click making of offers by having the 'Single Click Default Mode' flag set to on.
Event Card #3: This is the classic market view with some added features. The 'Market by Volume' figure set in the settings panel is displayed here but it is also possible to set a 'volume per selection' figure here. Three different closing options are shown here also:
- BANK - Closes your position as close to equal on all selections as possible.
- FBACK - This gives you a free back on this selection for this figure.
- FLAY - This gives you a free lay on this selection for this figure.
Event Card #4: This shows the inverse of the BACK price to accommodate backing a selection to lose. The three different closing options (explained above) are shown here also.
Event Card #5: This is the Canned Back Bets and Canned Lay Bets function. You can pre determine prices and levels that you wish to trade and then the trade can be executed at these with the one click function.
(A) General
- Flashing Updates: Any changes to prices, unmatched bets, etc flash to alert the user.
- Betslip Odds Before Stake: When ticked, the odds appear first and stake second on the betslip. When unticked, the stake appears first and the odds second on the betslip.
- Single Click Default Mode: If this is ticked, single click is the default form of trading and as a result single click will be turned on in the top panel of the application.
- Default Backing Stakes: These are your default single click stakes for backing, which you can edit to suit you.
Once edited, they will appear on the single click panel at the top of the application.
- Default Lay Exposures: These are the lay exposure stakes for single click. Again, you can edit these. The figure is the exposure you are willing to have on each bet, not the stake.
- Enable tooltips: Allows a user to roll the mouse over all the functions of the application and an explanation is provided as to the use of that function.
- Beeps: The beep setting means that there is an audible "beep" when you submit a trade (assuming your speakers are on). The reason for this is that if the API is slow it might take a second or two to register a trade and there is a danger of a user entering the trade twice. The beep gives early confirmation that a trade has been submitted.
- Market By Volume: Select an amount and only prices with liquidity equal and above this figure will get displayed on your event card.
(B) Placing Orders
- Withdrawal Options (Backing and Laying): Choose how your unmatched bets are managed if there is a withdrawal in the market. The default is to cancel your bet.
- Fill Options: FILL and KILL - places an order whereby the system fills as much of the order as is
possible but cancels any unmatched portion.
FILL or KILL - places an order whereby the system fills 100% of the order or else cancels the entire order if it cannot accommodate this
full match.
- Cancel all unmatched orders when market turns in-play: If ticked, orders are cancelled when a market turns in-running. If not ticked, unmatched orders stay on the site after the event goes in-running leaving them open to the full range of price shifts that an in-running market goes through. Warning – If unticked, unmatched orders will not cancel until the end of the event, no matter what happens. This is not advised for events like football where the shifts after a goal are significant.
(C) Closing Positions
Revalue Positions:
- At available price: Attempts to close the position at the available price on the site regardless of the liquidity available. Therefore if there is not enough liquidity to close the position fully an unmatched order would be put up on the site and the position wont be closed immediately as a result.
- Revalue at available liquidity: Will close the position at various prices down in order to get the full liquidity matched immediately.
- Cancel all unmatched orders when closing a position: If ticked, all unmatched orders will be cancelled when closing a position. If not ticked, unmatched orders stay on the site even after you close a position. Warning - If unticked, your position could change later if though you assume it to be closed.
Closing Position settings only affect orders placed by clicking on the close figure, i.e. if you manually close a position
yourself by placing your own bet, the system won’t count this as a close bet and the placing order settings will apply).
The betslip allows the user to make once off settings for a single bet. You can override your general settings for a particular bet by clicking the 'show options' button on the betslip. These options will display your general settings but can be altered for that particular bet.
- Withdrawal Options: Choose how your unmatched bet is managed if there is a withdrawal in the market. The default is to cancel your bet.
- Fill Options: FILL and KILL – the system places as much of the order as is possible but cancels any unmatched portion. FILL or KILL – places the order whereby the system fills 100% of the order or else cancels the entire order if it cannot accommodate this full match.
- Cancel any unmatched orders when market turns in-play: If ticked, the unmatched bet is cancelled when the market turns in-running. If not ticked, the unmatched order stays on the site after the event goes in-running leaving it open to the full range of price shifts that an in-running market goes through.
Event Card options are got by right clicking on a selection.
- Add to Watch List: Add the selection to your watch list (see next section for more information on this)
- Set Liquidity Alert: Set an odds range on a selection in a market and the amount of liquidity you want.
As soon as selection hits that odds range and the stake is available, an alert appears within ‘Activity and Alerts’ that advises you how much is available and at what price. The market also auto opens for your convenience.
The watch list allows you to keep a range of selections in one window. From this, you can monitor multiple selections across a range of markets, where you have a vetted interest.
- To open the watch list, click ‘WatchList’ in the top right corner.
- Options: To add a selection to the watch list, right click on the selection and select ‘Add to WatchList’.
- To add all selections in a market to the watch list, click the magnifying glass icon at the top of the market.
- To remove a selection from the watch list, right click on the selection and select ‘Remove from WatchList’.
- The watch list has all the same settings options as a regular market and can be minimised, moved and resized also.
Single Click allows you to swiftly take offers without any need for confirmation of your request. This helps to speed up your transaction rate in markets.
To activate single click betting, press the ‘On’ button under the Single Click panel at the top of the application.
Choose the following settings:
- Backing stake – select the default amount of each back bet you are placing.
- Lay Exposure – select your exposure limit for each lay bet you will place.
You have the choice of 3 options for each stake limit (you can alter these within your settings). Whichever one is selected at the top in the Single Click panel is your chosen stake.
Once you have activated Single Click, you can now place a bet for that stake without any confirmation.
(A) BackingIn the Auto Stake Configuration Box, select the option you wish to choose.
1. Backing Singles to target.
You can specify a required target profit, which the application will try to match at the available prices.
2) Backing Singles to Liability.
You can specify the amount you are willing to lose on each selection, placing the same stake.
3) Backing Dutch
This function allows you to back more than one selection, either from the same market or from different markets. Here, you enter the maximum total liability that you are willing to lose and the tool then spreads this liability across your selections so that you win the same amount regardless of which of your selections wins.
(B) LayingIn the Auto Stake Configuration Box, select the option you wish to choose.
1)Laying Singles to target.
You can specify a required target profit that you wish to win on each selection, which the application will try to match at the available prices.
2)Laying Singles to Liability.
You can specify the amount you are willing to lose on each selection, placing the same stake.
3)Laying Dutch
This function allows you to lay more than one selection, either from the same market or from different markets. Here, you enter the total maximum profit that you want to win and the tool lays these selections so that you will lose the same amount should 1 or more of them win.
You can manage your unmatched offers through the application by the cancel and suspend options. Unmatched orders can be managed across all markets or on a market per market basis.
Cancel All at the top of the application cancels all unmatched orders. Cancel All at market level cancels unmatched orders for that market.
Suspend All allows the user freeze trading. The unmatched orders disappear off the site but the exposure remains. Any unmatched order that has been suspended has ‘suspend’ beside it and the alerts also show that the unmatched orders have been suspended. This is extremely handy if you have to step away from your PC for a period of time.
Click unsuspend when you want the suspended orders to go back up on the site. This returns all the suspended unmatched orders in one click (at the back of the queue, not where they were previously). Unmatched orders can even be edited in the current bets section before going back.
There are two versions for Current Bets.
The first is the overall Current Bets section. This section shows you bets placed in all markets, both matched and unmatched. This appears at the bottom of the application.
The second is the market Current Bets section. This section only shows you bets placed in that particular market. This is attached to the bottom of each market.
The Current Bets panels can be opened / closed by the arrows on the left and can be resized to make bigger or smaller depending on how you many orders you want to see.
Unmatched orders can be altered by changing the price or clicking on the stake box to change the figure. Changes will only be processed once the submit button is placed. To cancel an unmatched order, click the ‘x’ icon at the end of the order.
The Activity and Alerts panel is at the bottom of the screen and is a tab alongside Current Bets.
From this panel, you can track activity in all markets. This includes bets:
- Placed
- Matched
- Cancelled
- Altered
- Suspended
- Unsuspended
Liquidity alerts that you set on selections also appear here in pink.
The ladder interface allows you to view the full range of odds and various stakes available for the selections that you have added. From this, you can back and lay these selections easily and is of particular use for in-running betting.
- To open the ladder interface, click ‘Ladder Interface’ in the bottom left corner or right click on a selection.
- Options:
- To add a selection to the ladder interface, right click on the selection and select ‘Add to Ladder’.
- To remove a selection from the ladder, right click on the selection and select ‘Remove from Ladder’.
- Ladder Features
- Drop-Down List: The dropdown arrow to the left of the market name allows you to switch to a different selection within the same market. This is shown for the second selection in the above ladder interface.
- Selection Name: The P&L figure for your chosen selection is located under the selections name at the top of the ladder. The figure in red is the figure that you can currently close out at with the available liquidity.
- ‘Weight of Money’ Indicator: The orange and green bar underneath the selection name is a ‘weight of money’ indicator showing which side has the greater liquidity available.
- Ladder Stake Presets: These are your default single click stakes for backing and laying, on the ladder, which you can edit to suit you. Once edited, they will appear for all newly opened ladders.
- Columns: There are 6 columns displayed on the ladder and they work as follows, from left to right.
- Orders (back): This column shows any unmatched orders that you have on this current selection. There are two colours to this column, the white colour indicates an area where it is possible for you to have unmatched orders and the grey section indicates an area that you will get matched should you back at any of those prices.
As shown above the user has an unmatched back bet on Punchestowns at 5.3 for €1. Should they wish to cancel this order then they can click on the order itself in this column, this will cancel all back orders at 5.3.
Alternatively they can click on the grey section, this will cancel ‘all’ back bets on this selection, irrespective of the price.
Should they wish to change this bet to a different price they can click and hold on the order within this column and drag the order to their desired price. If there are multiple orders at that rung then they are all updated in the same action.
- Market (back): This column shows the available liquidity at which to back the current selection. Clicking on this column at a particular price allows the user to back the selection at this price with one click for the amount highlighted in the ladder stake presets.
Again there are 2 colour codes in this column. The light orange shows the odds at which your bets will not get matched and the dark orange shows the odds that you will get matched at.
- Odds: This column shows the full range of odds in the system. There are three colours here. The green shows the range of odds that are available to lay the selection, the orange shows the odds to back the selection. The black indicates the number of odds points between the best back and lay prices. The greater the number of black increments then the higher the over-round will be.
- Market (lay): This column shows the available liquidity at which to lay the current selection. Clicking on this column at a particular price allows the user to lay the selection at this price with one click for the amount highlighted in the ladder stake presets.
Again there are 2 colour codes in this column. The light green shows the odds at which your bets will not get matched and the dark green shows the odds that you will get matched at.
- Orders (lay): This column shows any unmatched lay orders that you have on this current selection. There are two colours to this column, the white colour indicates an area where it is possible to for you to have unmatched orders and the grey section indicates an area that you will get matched should you lay at any of those prices.
As shown above the user has an unmatched lay bet on Punchestowns at 4.2 for €1. Should they wish to cancel this order then they can click on the order itself in this column, this will cancel all back orders at 4.2.
Alternatively they can click on the grey section, this will cancel all back bets on this selection, irrespective of the price. Should they wish to change this bet to a different price they can click and hold on the order within this column and drag the order to their desired price. If there are multiple orders at that rung then they are all updated in the same action.
- Bank (FreeBack, FreeLay): This column shows your potential position should you choose to close out at those particular odds. The main bank figure at the top is the figure that you can close out at due to the available liquidity.
Closing out an any of the other odds to this will not give you an immediate close as there is no available liquidity. This bank column can be changed to show your FreeBack and FreeLay positions should that be your choice.
