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Spreadex review:

Spreadex

Bet £10 Get £20
+ First Goalscorer Insurance on every Euro 2021 game!

Valid only when applying through a link from one of our partner sites. Qualifying fixed odds bet must be at odds of 1/2 or greater and cannot be placed in-play or cashed out early. First free bet will be credited upon settlement of the qualifying bet. Second free bet will be credited the next day. Offer must be claimed within 28 days of opening. Free bet stake not included in any winnings. 1st Scorer Insurance: If your 1st Scorer pick doesn't score first but does score last, get your money back as a free bet up to £25 max. See full ts&cs. 18+ begambleaware.org

Spreadex UK

Ben Smith

Ben Smith

Spreadex is a betting and trading site that allows users to bet on sports as well as buying and selling financial assets. Spreadex differs from other online sportsbooks in that it offers spread betting as well as standard fixed odds. There is also a Spreadex Casino which features a wide range of games.

Spreadex pros and cons

  • Award-winning spread betting service
  • Bet builder tool
  • Excellent mobile app
  • No PayPal deposits
  • Not suitable for betting beginners
Bonus offer
9/10
Betting variety
9/10
Mobile experience
9/10
Payment options
7/10
Betting experience
8/10
Support
9/10
Summary
8/10
Spreadex quick facts
Website spreadex.com
Game TypesSpread betting, Fixed odds betting, Casino
Deposit methodsVisa, MasterCard, Maestro, Bank Transfer, Cheque, Direct Debit
Withdrawal methodsVisa, MasterCard, Maestro, Bank Transfer, Cheque, Direct Debit
Odds providerSpreadex
Betting functionsLive betting, live streaming, cash out, bet builder
Casino game typesSlots, table games
Casino providerNetEnt, Microgaming, and more
AppsiPhone, Android
SupportLive chat, telephone, email
OwnerSpreadex Ltd
Founded Year1999
HeadquartersSt Albans, UK

Spreadex pros and cons

Spreadex is one of the most unique sports betting sites on the market, and for that reason alone, it is among the bookmakers we recommend the most. You can try out spread betting, which means you can win even more if your selection wins by a big margin, but it carries its own risks as well.

Pros ✅

  • Market-leading spread betting site with a history of winning awards.
  • Mobile betting app for iPhone and Android, and a separate financial trading app.
  • Large live streaming catalogue with racing, football, tennis, snooker, and more.

Cons ❌

  • You can only deposit through your card or bank. No eWallet deposits or withdrawals are allowed.
  • The spread betting markets can be confusing to some people and they carry a higher risk.

Verdict 👨‍⚖

  • Spreadex has fixed odds betting to accompany the spread betting service but it is the latter that makes signing up worthwhile. It is more suited to intermediate and advanced bettors.
  • The site has a somewhat classic look, but the technology is right up to date and everything functions perfectly. You will easily find everything you need.
  • Spreadex, and spread betting in general, isn't for everybody. If you take the time to learn how it all works, it can be a great alternative to fixed odds, and there is a good reason for Spreadex's great reputation within the industry.

Spreadex review

Based in St Albans, Hertfordshire, Spreadex is one of the top companies within betting in the UK and was named in the FT1000 report of the top 1000 fastest-growing companies in Europe in 2017.

With over 20 years of experience in the industry, the service is top-notch and it is the perfect platform to use if you want to get into spread betting.

You can get started with the Spreadex welcome offer which comes in the form of free bets, and there are further promotions from that point on.

Spread-free bets and the Refer & Earn offer are among the entries in the Promotions section, and you can find news and blog posts in there too.

On the homepage, you'll see mostly horse racing and football markets as well as links to other popular sports. You can click into any event to view all of the spreads and the fixed odds.

Because all spread betting markets have different stipulations, Spreadex put a small icon next to each available bet and if you click on it, you can read the terms.

Everything is laid out very nicely and it is easy to understand once you read through each market. There is not a dedicated fixed odds section on the site - instead, you can just look at the fixed odds within each event.

Spreadex football betting

There are many options within the Spreadex football betting offering.

You can place bets on your mobile as well, either through the mobile site or the app which is available on iPhone and Android.

Customer support is excellent and includes options to contact Spreadex via phone, live chat, or email.

One downside is the lack of eWallets on the list of payment options, but you can use your debit card or send a Bank Transfer, cheque, or direct debit.

Spreadex welcome offer

Bet £10 Get £20
+ First Goalscorer Insurance on every Euro 2021 game!

Valid only when applying through a link from one of our partner sites. Qualifying fixed odds bet must be at odds of 1/2 or greater and cannot be placed in-play or cashed out early. First free bet will be credited upon settlement of the qualifying bet. Second free bet will be credited the next day. Offer must be claimed within 28 days of opening. Free bet stake not included in any winnings. 1st Scorer Insurance: If your 1st Scorer pick doesn't score first but does score last, get your money back as a free bet up to £25 max. See full ts&cs. 18+ begambleaware.org

Spreadex have launched a Bet £10 Get £20 offer for Euro 2020, and by claiming it, you also get first goalscorer insurance on every game at the tournament.

How to claim the Spreadex welcome offer

  1. Click 'Claim' and register with Spreadex.
  2. Bet £10 at minimum odds of 1/2.
  3. Get 2 x £10 free bets, credited on consecutive days.
Spreadex sign up offer T&Cs
  • Promotions available to 18+ aged individuals who are registered customers of Spreadex.
  • Free bet stakes not included in any winnings.
  • First Goalscorer Insurance offer applies to first fixed odds single 'first goalscorer' bets placed on each Euros game pre-match. Subsequent bets on the same match will not qualify.
  • Multiple bets, each-way bets or bets placed with 'free bets' do not count towards the First Goalscorer Insurance offer. Max refund as a free bet is £25.
  • Free bets due from the First Goalscorer Insurance offer will be awarded immediately after full-time. Free bet will expire after 28 days if unused.
  • Spreadex Ltd reserves the right to exercise its sole discretion as to whether or not to open account facilities for any prospective client. Spreadex Ltd reserves the right to amend, withdraw or restrict this offer at any time without notice.
  • Spreadex Ltd reserves the right to withhold this offer when it has reasonable belief there has been co-operation, collusion or organisation of bets from the same source, or if it has reasonable belief that the offer is being abused in any way. Spreadex Ltd is the sole arbiter of these rules and any other issue arising under the promotion.
  • No staff member (or any relation or partner thereof) of any spread betting or fixed odds bookmaking firm is eligible to take advantage of these offers.
  • Offer cannot be used in conjunction with any other Spreadex offer.
  • Unless otherwise stated, clients reopening Spreadex accounts do not qualify for the offer.
  • Customers who are ineligible for any promotional free bets will also be ineligible for these promotions.

For full Spreadex sign up offer T&Cs, visit Spreadex.

Spreadex sports betting

The most prominent sports on Spreadex are the ones that get the most attention in the UK, and when it comes to betting, football and horse racing are the top two.

You can placed fixed odds football wagers, and there is a bet builder option, though the range of selections on the bet builder doesn't quite match up to some of the other top UK sportsbooks.

On the spread betting side of things, there are many interesting markets within each game, such as:

  • Total Goals
  • Shirt Numbers (sum of all goalscorers)
  • Total Goal Minutes
  • Goals x Corners x Bookings
  • Scrabbled Shirts (sum of scorers names' scrabble score)

You can alternatively place bets across an entire group of fixtures to give yourself an interest over an entire weekend. Most of these markets are goals-related, and you can do them for top leagues as well as more obscure competitions.

Horse racing spread betting works in a similar way. You can choose to buy or sell on the racecard markets, or wager on individual races.

For each race, points are awarded for finishing first, second, or third, and you are essentially backing the over or under on how many points your horse will score.

How spread betting works
Ben Smith

Ben Smith

For each market, a 'spread' is set by the betting site, and this is essentially what their prediction is for the outcome.

So, for football, if it is a total goals market, the spread might be 2.2-2.6. You can choose to 'sell' at 2.2 or 'buy' at 2.6.

If you were to buy at 2.6 for £10 a point, each goal is worth £10 and the amount you win or lose is determined by the difference between 2.6 and the total number of goals that are scored.

  • No goals = £26 loss
  • One goal = £16 loss
  • Two goals = £6 loss
  • Three goals = £4 win
  • Four goals = £14 win
  • Five goals = £24 win
  • Six goals = £34 win

The types of markets are different for each sport and if you are new to this, it is fun to go through and see what is on offer.

For golf, there is leaderboard betting in-play and it is similar to horse racing in that points are given out for the top positions on the leaderboard and if you buy, the higher they finish, the more you win. This is a good alternative to fixed odds each-way betting on golf as you are rewarded more if they finish second as opposed to fifth.

Spreadex Live Betting

Just as there are lots of pre-match betting opportunities on Spreadex, the same can be said for the in-play offering.

The in-play section features spread betting and fixed odds on football, cricket, tennis, snooker, and more.

Within snooker, you can buy or sell spreads on individual frames, and likewise for games within tennis.

The basketball in-play offering is also excellent, with even the likes of the Syrian Women's league being covered.

Ben

Ben

"If you've been in the betting game for a while and want to try something different, Spreadex is a great option. I use the site mostly for live golf betting and also for football as I like to maintain interest throughout an entire weekend with just one wager. Spreadex is an award-winning site, and with the professionalism that runs throughout the service, that comes as no surprise."

Spreadex Live Streaming

While you are in the in-play section, you will see the 'Streaming' tab and underneath it is a list of events that are available to view.

Compared with other UK betting sites, the selection is very broad and covers a wide scope.

You can stream through either your computer or the mobile app, and it is a great way to stay up to date while you follow your bets.

Most snooker tournaments are shown live, as well as lots of cricket, tennis, and more.

Spreadex Cash Out

There is a standard cash out option on Spreadex and you can also opt to set an auto cash out.

With the auto cash out, if your profit reaches a certain amount during the course of the event, your bet will automatically be cashed out.

Otherwise, the normal cash out allows you to close a bet early and secure a profit or cut losses.

Spreadex Casino

The Spreadex Casino is perhaps an underrated part of the site, as it contains a more than adequate range of games to be enjoyed.

You can choose from a massive range of slot games and the providers, which include NetEnt and Microgaming, are familiar if you are a regular player.

If you want to play with real-life dealers, this is an option to do this for various versions of roulette and blackjack.

Spreadex FAQ

💸 Can I get Spreadex free bets?

There is a Spreadex welcome offer in which you can get £20 in free bets. Here's how to claim:

  1. Register with Spreadex.
  2. Place a £10 bet at odds of 1/2+
  3. Get 2 x £10 free bets.

Valid only when applying through a link from one of our partner sites. Qualifying fixed odds bet must be at odds of 1/2 or greater and cannot be placed in-play or cashed out early. First free bet will be credited upon settlement of the qualifying bet. Second free bet will be credited the next day. Offer must be claimed within 28 days of opening. Free bet stake not included in any winnings. 1st Scorer Insurance: If your 1st Scorer pick doesn't score first but does score last, get your money back as a free bet up to £25 max. See full ts&cs. 18+ begambleaware.org

💸 Can I get Spreadex free bets?

There is a Spreadex welcome offer in which you can get £25 in free bets. Here's how to claim:

  1. Register with Spreadex.
  2. Place a fixed odds single bet at odds of 1/2+
  3. Get up to £25 in free bets.

New customers: Place a fixed odds single bet at odds of 1/2 or greater and get a free fixed odds single bet matching your stake size, up to £25 max. Qualifying bet cannot be placed in-play or cashed out early. Free bet will be credited upon settlement of the qualifying bet. Offer must be claimed within 28 days of opening. Free bet stake not included in any winnings. Ts&Cs Apply. 18+ begambleaware.org

📈 What is spread betting?

With spread betting, the bookie sets the 'spread' which is their prediction, and you can 'buy' if you think the outcome will be higher or 'sell' if you think it will be lower. You are rewarded for being more right, but lose more if you are way off the mark.

🤝 Do Spreadex offer fixed odds betting?

Indeed. Just click on any event and you'll see an option for Fixed Odds towards the top.

❓ Is spread betting more risky?

Spread betting carries more risk as you could lose more than your initial stake. Of course, it is also more rewarding as it works the other way as well and you can win more by being even more correct. Assess the possible downside and volatility before locking in your wagers on Spreadex.

👐 Is there a Spreadex bet builder?

Yes - you can do football bet builders on Spreadex, and the selections include the result, goalscorers, corners, booking points, handicaps, and more.