Spreadex Review – Trusted for 20+ Years
Looking for an honest Spreadex sports betting review and details on their bonuses? Start with a welcome offer of up to £25 in free bets.
Our industry experts reveal why their sportsbook is building a good reputation in the UK. From fixed odds and spread betting to security and payment methods. We cover all this and more. Discover how they compare to the best.
Top Five Features
- Welcome offer comes with fair terms
- Spread betting is available
- Impressive live betting product
- Strong customer service levels
- Competitive odds
Spreadex Sports Welcome Offer
New customers can get up to £25 in free bets as part of Spreadex’s new customer promotion. But please note that you can only claim this welcome offer by clicking through to it on this site. It’s not available by going direct.
Once registered, all you need to do is deposit and place a fixed odds bet of £25. The minimum odds need to be at least 1/2 and the bet must be placed on a pre-match market. When your bet has been settled, you’ll then receive a £5 free bet every day for the next five days.
Spreadex is more flexible with the welcome bonus compared to other UK sites. You are able to bet lower than £25 to claim a different number of free bets if you feel £25 is too much.
Here’s how many free bets you can get based on your bet value:
- £5 to £9 = 1 x £5 free bet
- £10 to £14 = 2 x £5 free bets
- £15 to £19 = 3 x £5 free bets
- £20 to £24 = 4 x £5 free bets
Please note that free bets must be claimed within 28 days. If you fail to use them within this timeframe, they will disappear from your account.
How to Get the Free Bet Offer
If you’re new to betting, claiming a bonus is not always straightforward. Here’s our helpful step-by-step guide on how to get the Spreadex welcome offer:
- Click through to the offer from this site.
- Sign up for a new account with Spreadex.
- Deposit a minimum of £10.
- Place a qualifying bet on any pre-match market.
- Automatically receive your first free bet after your initial bet has settled.
- If you qualify for more, they will appear once a day.
- Use your free bet on any market. Note that your stake is never returned.
- Withdraw any potential winnings.
Because Spreadex offers spread betting, new customers are asked a few more questions than usual when registering. It’s a regulatory requirement to ensure they know the financial circumstances of each bettor. Rest assured your personal information is never shared.
Key Terms and Conditions
- New UK and Ireland customers only.
- Available to those who click through from this site.
- Minimum deposit is £10.
- No bonus code or opt-in required.
- Qualifying bet must be placed at odds of 1/2 or greater.
- In-play or cashed out bets do not qualify.
- First free bet will be credited upon settlement of the qualifying bet.
- Any further free bets will be credited on consecutive days thereafter.
- Free bets must be claimed with 28 days.
- Full T&Cs apply.
Spread Betting Welcome Offer
For those who want to use the spread betting product, a new customer bonus is available as an alternative to the fixed odds offer.
Simply deposit and place a qualifying spread bet up to £300 within 28 days. You can stake a lower amount, which would result in matched cashback of the same amount.
If you reach the £300 mark and would prefer an iPad over the £300 cashback, you need to email or call the customer support team and notify them of this. It’s a great promotion for anyone who will regularly spread bet.
Key Terms and Conditions
- New customers only.
- Stake £300 on qualifying sports spread bets within 28 days of registration.
- Receive Cashback up to £300 or an iPad Air.
- Please be aware that losses can exceed deposit.
- Selected markets only.
- You have 30 days to claim your iPad after the offer period.
- Full T&Cs apply.
Sports Betting Bonuses for Existing Customers
There is one offer for existing Spreadex customers at the time of writing. However, this is for the spread betting product rather than being a fixed odds promotion.
It is a spread-free bet offer. Simply place three sports spread bets on selected qualifying markets to get a fourth spread bet on the same market spread-free. For more information around this type of betting, check out our helpful spread betting section further down.
The Spreadex Sports Betting Experience
Spreadex doesn’t offer as many sports or markets as some of the top UK sportsbooks. However, they do have the most popular sports available, including but not limited to:
- Horse Racing
In terms of market coverage, there’s ample choice in the top sports and they cover all of the major competitions. They’ve even got some lesser profile sports that others may not offer such as Table Tennis.
However, their overall offering is slightly below average in comparison. We used a Premier League match as a comparative example. Spreadex had 72 pre-match markets, which is a solid amount. However, Betfair had 93 and William Hill had well over 100.
New Bet Builder Option
There’s also a ‘Bet-Builder’ option for football, which allows you to put together your own accumulator. This is a great feature that not all sportsbooks offer.
If you decide to utilise it, note that you can add up to six selections. The maximum odds Spreadex will offer is 1000/1. It will not go beyond this regardless of how high the odds should be.
Competitive Fixed Odds
Spreadex offers odds on numerous markets that are competitive when compared to the competition. Their prices are similar to the top UK sites. Some are top price with other sportsbooks, some aren’t. Their odds often sit just below top price with many other UK bookmakers.
The minimum bet on fixed odds selections is £0.10. There’s no bet limit, but the payout maximum is varied. This isn’t specified anywhere, so you would need to review your betslip before placing any bets. It will tell you here if your potential return exceeds the maximum.
As you’re no doubt already aware, spread betting is available at this UK site. But how does it all work? Firstly, you need to understand that losses can exceed deposit. This is the main difference as you’re only risking your stake with fixed odds betting.
Spread betting is much more volatile than betting on fixed odds. Therefore, it is not suitable for beginners or anyone who isn’t fully aware of the full range of potential outcomes.
It is essentially predicting what will happen in a certain market. This is displayed as a sell and buy range. For example, the ‘spread’ for the total number of goals in a football match might be 1.8-2.0.
The buy and sell ranges are important to understand. If you think there will be a higher number of goals than the range specified, you’d ‘buy’ at 2.0. If you think it’ll be lower, you’d do the opposite and ‘sell’ at 1.8.
The more right you are, the more you could win as your stake is multiplied. The same applies for getting it wrong and the more multiples of your stake you could potentially lose.
A £10 bet on the number of goals in a game means you could win or lose £10 per goal. You must stake accordingly and have a certain level of funds in your account to cover the bets.
Please make sure you fully understand the concept of spread betting before committing to it. Spreadex has a really useful beginner’s guide. We highly recommend you give it a watch if you’re interested – https://youtu.be/kdn0qapaYoo.
Auto and Partial Cash Out
Spreadex offers auto and partial cash out. But their automatic feature is only available on spreads. Partial cash out is for fixed odds singles and multiple bets.
You can even set it as one-click cash out too. This can be done in the ‘Current Bets’ section of your account. You simply need to use their slider function if you only want to cash out part of your bet. Slide it to your preferred amount and hit ‘Submit Request’.
Many sportsbooks still don’t offer partial cash out, so Spreadex is ahead of some of its competition regarding this particular sports betting feature.
Live In-Play Sports Betting at Spreadex
Spreadex has a whole section on their site dedicated to in-play betting. This makes it really easy to find events that are currently taking place.
In terms of the overall ease of use, it’s right up there with the best in the industry. Furthermore, there are a ton of markets for bettors to pick from. The amount available is on par with other top sportsbooks.
We also like the strong visuals on display. Using a football match as an example, they list stats on the game as it unfolds such as corners and cards. There’s also a visual of a football pitch that has the line-ups of both teams along with any substitutions that have been made.
The team lists are extremely useful for spread bettors as they include the shirt numbers for those who like to bet on this market. It’s also worth noting that you can use their Bet Builder to place in-play accumulators.
Cash out is also available on many in-play markets, where you can cash out completely or partially. There are always delays of a few seconds to cashing out as it takes a little time to process. The same goes with placing any in-play bets.
Live Streaming – Is It Available?
Yes, it is. It’s a fairly new option at Spreadex and the list of available sports continues to rise. It now includes but is not limited to:
- Horse Racing
In order to watch the action live, you simply need to ensure you’ve got a bet on the event.
Spreadex App & Mobile Betting
The Spreadex app was the first in the world that allowed users to place spread bets and fixed odds bets on their mobile device.
You can access a mobile site via your browser, but it’s the app that stands out for us. There are three separate ones available:
- Spreadex Financial Trading App
- Spreadex Sports Betting App
- Spreadex Casino App
Feel free to use all three, but we’re focusing on the sports betting app in this review. It’s available on both Android and iOS. Here are the minimum requirements needed for each operating system:
- Android 4.4 or higher required
- iOS 11.0 or higher required
The longevity of the app shows as they’ve clearly spent time perfecting all aspects of it. It’s really easy to use and it looks great with the eye-catching colours and capital letters to make names stand out.
Using your Spreadex login on the app is a lot easier as they allow pin codes to be set. This also improves security. You can set a four-digit pin code which gives you quicker access to markets and your account. It’s not something many other sites use, so it’s nice to see this option available here.
UK Payment Methods
|Payment Method||Min Deposit / Withdrawal||Withdrawal Time|
|£10 / £50||2-5 Working Days|
|N/A / £50||Within 2 Working Days|
Although debit cards are the only choice on the site, there is an option to withdraw via bank transfer by contacting customer support. You can withdraw under £50 if you need to. However, Spreadex reserves the right to charge £1 on any withdrawals under the minimum amount specified.
Is Spreadex Safe?
Founded back in 1999, Spreadex has been a safe and secure place to bet for over two decades. They also have the latest SSL encryption technology for their desktop and mobile sites as well as the apps. This ensures your personal and financial information is never compromised.
Spreadex’s sports, casino, and financial products are all fully licenced. They’re regulated by three of the strictest authorities:
Successfully gaining multiple licences is not straightforward, thus it further reaffirms their status as a secure and trusted place to bet.
Customer Support 24 Hours a Day
A sign of a top sports betting site is one that offers numerous avenues of support. Spreadex offers live chat, email support, and phone support for those who prefer talking over their queries.
Live chat is available from 9am until 9pm, which isn’t ideal if you need to ask any questions during an event that happens outside of these hours. However, their sports trading desk is open 24 hours a day, so you can email or call as an alternative.
There’s also an extensive help section with plenty of FAQs. It’s split into sections that include video guides, casino FAQs, legal information, and a spread betting glossary. For any common questions, this should be your first port of call.
Spreadex Contact Details
- Phone Number – 01727 895 000 (09:30-17:30) or freephone 08000 526 575 (24 hours)
- Email Address – [email protected] or [email protected]
- Live chat – 09:00-21:00
Spreadex is a unique sports betting site as it offers customers the opportunity to use fixed odds and spread betting as a way to bet.
We’ve covered everything this well-established company has to offer, and we are more than happy to recommend them. They’ve got an appealing welcome offer, a great live betting suite, and knowledgeable customer service agents. Give them a try, you won’t be disappointed.
Where Does the Betting Site Need to Improve?
There are a couple of areas where we feel Spreadex could improve. Firstly, they only offer a few payment options, which just won’t cut it with some bettors. Many tend to opt for e-wallets such as PayPal, but, unfortunately, this and others aren’t available.
The fact they don’t yet offer 24/7 live chat is a slight negative too. If an issue arises, say, late in the second half in a midweek Champions League game, their live chat support closes around half-time. We’d love to see around the clock live chat introduced in the future.
Spreadex Sports Betting FAQs
Is there a Spreadex welcome offer?
Yes. Spreadex offers new customers an appealing welcome offer of up to £25 in free bets. We’ve got all the details listed in our review, but please note that you can only claim this via our link.
Is Spreadex safe?
Spreadex is a completely secure place to bet. With over two decades of experience, they hold licences with multiple authorities. Rest assured your personal data is always safe due to the high-security measures in place.
What is Spreadbet?
Spreadbet is another term for spread betting, and it’s an exciting but very volatile way of betting on events. It is essentially predicting what will happen in a certain market.
We cover this in a lot more depth in our review under the sports betting section. With thousands of markets available, there’s something to cater to everyone at Spreadex.
Does Spreadex offer fixed odds betting?
Yes. They list fixed odds alongside their spreads on the site. You can simply switch between the two if you want to view just one set at a time. They offer competitive odds when compared to the competition and there are plenty of markets to pick from in numerous sports.
Is there a Spreadex app?
Yes, there’s a Spreadex app available for all Android and iOS users. It’s arguably better than their desktop site as it’s very well laid out and easy on the eye. The responsiveness is great too.