Spreadex have a welcome offer available for their sportsbook that gives you the chance to earn £25 in free bets. The offer is to bet £25 and get £25, though not quite as simple as that.
In terms of the £25 you spend, this must be one bet which is placed on the fixed odds markets at odds of 1/2 or greater. The good news is you can place it on any market, and on any sport. However, you do have to spend the £25 in one bet, you can’t spread it across multiple bets. The free bets you get come as 5 x £5 free bets, giving you five small chances to win rather than one big chance to win, and most players are going to prefer it this way.
The free bets come one per day on the five days after you have placed your qualifying bets, so look out for these coming. If you don’t want to spend £25 on one single bet but still want a bonus then you can get a bonus by staking a smaller amount, though the bonus won’t be as big. This is done on a sliding scale, which you can see below:
For anyone who knows anything about the company Spreadex, you will know that they have created spread betting markets for many years. Founded back in 1999, this is what they originally focused on although since then, they have moved into traditional sports betting alongside that.
Spreadex are a British based gambling company and run their operation from their headquarters in St Albans. They hold a license from the UK Gambling Commission which allows them to legally operate in the UK.
This is what we explore, as we breakdown the welcome offer available to new players, the betting markets covered and take a look at how their odds stack up on the fixed odds part of their site.
If you’ve registered with a bookmaker or casino in the past then everything you see on the Spreadex sign up page will be familiar to you. If you’ve never done this then don’t worry, these are simple and basic details to get your account up and running.
To create the account, you need to enter your name and email address before creating a username and password for the site. Then accept the terms and conditions that Spreadex have in place, before moving on. Your account is set up at this stage, but you will then need to add a payment method to deposit funds and go through verification at some point to prove your identity.
As you experience the online gambling industry, you will find yourself using different companies either for different types of bet or because you want a change. The sign up process with these companies is all very similar, so if you do want to move on elsewhere, you can do that with ease.
Just like many others, Spreadex offers a simple sign up form for you to fill in and everything is set out clearly and in a digestible way, so this is another tick in the box for Spreadex.
The first thing to mention here is the different betting markets. You can only view spread markets or fixed odds, they cannot be shown together. This is good for those who only have an interest in one and don’t want to get confused. The option to choose between these is towards the top of the page, both options are together and the box highlighted in blue is what you can currently see.
Secondly, the website Spreadex has put together is fantastic.
When looking at a football game you are presented with a huge range of stats from previous games, recent form and much more.
When it comes to horse racing, you get the same, with very detailed form and pointers on offer. If you are betting with Spreadex, you don’t really need to go anywhere else in search of stats and form, they have everything on their website.
As far as the sportsbook side of things goes here, this is not as big as some others you will see online. The reason for this is because when Spreadex covers an event or league, they offer both spread betting and fixed odds betting to customers, and generally speaking, spread betting covers fewer events.
The main sports are all covered, and there is quite a bit of depth here too, so you will find many different leagues and competitions as well as betting markets inside each one. If you are looking for something very specific that is small and a niche sport, you may struggle to find that here.
For some that won’t matter, and if you are one of those punters then all the big sports and events can be found here:
In-play betting at Spreadex
Spreadex’s in-play betting is a fascinating concept, as it differs quite a bit from the traditional in-play betting with fixed odds. Due to the fact that we’re betting on spreads, you have more options to generate profits, compared to the “traditional” method of placing bets with predetermined odds. Your winnings are determined by how accurately you managed to buy spreads from the market, but please note that this applies to losses as well. Variance can be brutal on in-play spread betting, so make wise choices!
Like with prematch markets, Spreadex’s in-play selection is impressive as well. You can place bets 24/7, as there’s pretty much some sort of a sporting event or a competition running - no matter what the time is. Usually there’s always something to bet on following sports: football, cricket, horse racing and rugby.
The user interface can be a bit messy at the beginning, but once you’ve tried it a few times, you’ll probably get the hang of it.
In play betting is certainly on the rise, and bookmakers have reacted to that, offering a strong in play service where they possibly can. For Spreadex, this also includes the live streaming of selected events, meaning that players can place their bets and then watch the action unfold, cheering on their selections.
In terms of in play betting opportunities, this is a really strong area for Spreadex. The offer in play betting on a wide range of sports throughout the day, and inside each individual game, you will find many different spread markets and fixed odds markets to use. This even goes far enough to include eSports, something that is on the rise, with more and more bookmakers choosing to cover these events. With more focus turning towards in play betting in the future, even if you don’t bet in play now, you may want to look at this aspect of a site, just to set you up for when you do decide to have a go.
Alongside spreads on sports, you will also find financial spreads here if you are looking to get into something a little different. Spread betting on financials is similar to following the stock market, and is where the initial idea for sports spread betting was developed.
Many people prefer to bet on a mobile phone, and this also offers the chance to bet from anywhere, rather than being tied to your own home. Spreadex offers a mobile app that you can download free of charge, this is available for both iOS and Android devices too.
If you’ve never placed a bet on an app before, they offer a great freedom, and with almost everyone carrying their phone everywhere, you are only ever a few swipes away if you want to bet. The full service, including all betting markets and offers is all available via the app.
Spreadex are very strict when it comes to the payment methods they accept. This may cause a slight problem for some people, but it does mean that all payments will be directly moving between your bank and their account, no third parties are involved.
You can make a card payment from your account, set up a bank transfer to go directly across to the Spreadex account, write and send off a cheque to them or even set up a direct debit for them to collect funds off you. Specifically for card deposits, Spreadex states that they reserve the right to charge you £1 for deposits made that are under £50, this is certainly something to be aware of.
This is limited, and may cause problems for some, but at the same time, these payment types are all highly secure and trusted.
All in all, here’s the most commonly used payment methods at Spreadex:
One of the biggest drawbacks for Spreadex is the fact that you can’t use the popular web wallets, such as Skrill & Neteller.
If you need assistance during your time with Spreadex then all three methods of contact are available to you. If needed, you can call and speak on the phone, send an email or use the live chat function on the Spreadex site.
However, while this is great, a slight disappointment is the opening times. The customer support team is on hand from 8am until 5:30pm seven days a week. If you bet later than that, no help will be available until the morning.
Problematic gambling is a collective issue that shadows the industry as a whole. Betting sites are doing their best to prevent gambling problems, Spreadex is no exception. With the tools provided by Spreadex, you'll be able to limit your playing time, limit your losses and of course deposits as well. If you ever feel that gambling is no longer under your own control, please contact customer support and tell your situation. You will be provided with resources to help with your gambling problems.
Spreadex offer a strong sportsbook and while this is not the biggest available on the market, they have proven to offer excellent odds on the big sports that they do cover, which will certainly make them appeal to many.
The welcome offer is based solely around spread betting, and the other promotions are too, which is a little disappointing to see, as is the fact that customer support only opens during daytime hours.
However, there are also many positives, you can bet on the go via an app, in play betting is very good and the amount of stats and form on the site to view while making your selections is hugely impressive.
If the welcome offer wasn’t enough for you then there is good news here. Spreadex offers the chance for their spread betting players to claim free bets every time you log on and bet here.
This is based on the bets you place, and to qualify you need to place three spread bets on the same qualifying market within a period of 10 minutes. After you have done this, you can place a free bet to the same stake as your smallest qualifying bet at the spread mid-point of this market, which is going to aid your chances of making a profit.
There is no limit to this offer, the more you bet in this manner, the more free bets you will receive.
It is also worth noting that Spreadex offer a refer a friend service, if you have any friends who want to join. If they fulfil the bet requirements when joining, you are eligible for a £100 free bet, so certainly worth thinking about if your friends are interested in Spreadex.
At the moment of writing this review, there aren't specific deposit bonuses for Spreadex, but make no mistake - it won’t stay like that! Spreadex is known to give out deposit bonuses for their old customers, meaning that if you’ve subscribed to their newsletter, chances are that you’ll receive special offers and promotions almost on a weekly basis.
Is Spreadex a reliable bookmaker?
Founded 1999, Spreadex has been online ever since. Spreadex is by far one of the most reliable bookmakers out there, and definitely a popular choice amongst UK punters.
What deposit methods can I use on Spreadex?
Spreadex supports all the most popular payment methods, such as MasterCard, Maestro, VISA, bank transfers etc. One thing you should know is the fact that they do not allow Skrill or Neteller deposits. This is a bit weird, and we’re not quite sure why.
Sports betting or Financial trading
Some new customers at Spreadex might be a bit confused when they first enter the site. There’s two options to choose from, traditional sports betting and betting based on the financial markets. Choice is yours!
Does Spreadex have a mobile app?
Yes. Spreadex is also very responsive, so downloading a mobile app isn’t always required. However, for best compatibility, we highly recommend you either download the iOS- or Android app.
How can I contact Spreadex customer support?
There’s multiple different routes you can take on this, but the most common ones are of course live chat, telephone and email. If you have any sort of questions regarding Spreadex, we recommend you to contact [email protected]
What is the Spreadex welcome offer?
Spreadex offers Free Bets to their new customers. You can earn free bets up to £25! For more information on how to claim these, please check the beginning of this review.
What sports are covered at Spreadex?
You’re able to find the most popular sports, such as Football, Tennis, Golf, Horse Racing etc. There are quite literally tens of different sports and thousands of odds to play 247, so plenty to choose from!