Spreadex is a betting platform with a difference. Both the spread betting it is famous for and regular fixed odds wagers are available here. Offering each form of gambling side by side makes Spreadex Sports one of the most interesting sports betting sites out there.
For those wondering about the difference between spread betting and fixed odds, it isn’t complicated. When you place a Spreadex fixed odds bet, it’s just like with a bookmaker where you are gamble on whether an outcome happens in a sports event or not. With spread betting, meanwhile, it is all about scale – how many goals in a football game or the winning margin of a racehorse.
What sports spread betting sites like Spreadex do is reward accuracy of predictions. You could win plenty more than through fixed odds bookies. However, get your prediction wrong and you may end up losing a lot more than just the stake. Luckily, loss limits can be put in place. Understanding risk and reward lies at the heart of using this platform properly. Our detailed Spreadex review looks at what’s on offer here.
What is Spreadex Sports?
How Safe is Spreadex?
Being a financial trading platform first and foremost, Spreadex takes security very seriously. For example, back in 2013, they struck a £1,200,000 deal with Computacenter for a private cloud. This wasn’t just about improving the experience and stability for traders and spread betting enthusiasts but also safety.
In terms of regulation, Spreadex Sports come under the aegis of both the United Kingdom Gambling Commission (UKGC) and Financial Conduct Authority (FCA). The former licenses this platform for fixed odds betting, while spread betting is covered by the latter. This double regulation makes Spreadex almost unique in the gambling industry.
SSL encryption technology is a major line of defence that all reputable online betting sites use. Spreadex Sports is no different with firewalls and encrypted servers, like those you would find with internet banking. These techniques keep would-be hackers at bay, so your personal information and account is safe.
Spreadex Sign Up Offer
There is both a Spreadex welcome offer for fixed odds wagers and spread bets. You can only claim one upon joining, so decide which you prefer. Here, we take a look at both sign up offers.
If you choose the spread betting deal, then Spreadex offers new customers £300 cashback on selected qualifying markets within the first 28 days of opening the account. If staking less than £300 in that time, then you receive cashback matching it.
You can also claim an 10.2 inch iPad after reaching £300 in qualifying spread bets. Email Spreadex or phone 08000 546 575 or 01727 895 090 to arrange this. A full list of qualifying markets is available on the site.
Meanwhile, the fixed odds Spreadex sign up offer is a bet £25 get £35 in free bets deal (including 2x £5 football total goals spread bets). After registering, place a £25 fixed odds bet with minimum odds of 1/2 (1.50). This can’t be a live in-play bet or be cashed out.
When the qualifying bet settles, receive a £5 fixed odds Spreadex free bet plus a further four more on consecutive days. After the first of these, you also receive the first £5 free football total games spread bet. The second is credited after the second free fixed odds bet is used. Stakes aren’t returned with any winnings made from free bets.
|Spreadex Welcome Offer||Details||Minimum Odds||Offer Expires After||Wagering Requirements||Minimum Deposit|
|Spread betting||£300 Cashback or iPad||N/A||28 days||Selected markets||None|
|Fixed odds||Bet £25 Get £35 in Free Bets||1/2 (1.50)||28 days||N/A||£5|
Ongoing Promotions Spreadex Offers
There are also some betting promotions open to everyone that Spreadex Sports provides. While it’s fair to say that other bookmakers go a lot further with bonuses and deals for all customers, this firm still offers something. Check out two of the key Spreadex promotions open to anyone below:
- 1st Scorer Insurance – When you place any fixed odds first goalscorer bet on Spreadex football matches, get money back as a free bet up to £25 on your first selection if the player scores last. Pre-match fixed odds bets on starting players only (not substitutes) and price Boosts not included. Free bets credited after Full-Time and expire after 28 days. Cashed out and live in-play bets aren’t covered by this offer.
- Refer a Friend – For every confirmed referral to Spreadex Sports you make, get a risk-free £100 total goals spread bet. Friends must place five sports spread bets with minimum stakes of £2, and win/lose capacity of £20. Any losses made on the risk-free total goals spread bet refunded as a cash.
Spreadex Free Bet
Besides those Spreadex promotions open to everyone, they also offer spread free bets to all customers. These let you bet at the spread mid-point rather than acting as a traditional fixed odds free bets, but are most welcome for those gambling this way.
Other ways to get free bets or spread free bets on Spreadex Sports include the above Refer a Friend and 1st Scorer Insurance promotions. These require you to either get friends and family to sign up or place qualifying bets. The Spreadex fixed odds welcome bonus also awards up to £35 in free bets after putting on a £25 wager at minimum odds of 1/2 (1.50).
How to Claim a Spreadex Free Bet
There is a simple process for spread betting enthusiasts to follow if they want to get those spread free bets on Spreadex Sports anytime. Place three spreads on the same sport’s qualifying markets within 10 minutes, then put on a fourth spread on the same market spread free. This means wagering on the spread’s mid-point with a stake equal to the smallest of your qualifying bets.
The great thing about this compared to other Spreadex promotions is that you can claim it as many times as you want to. That includes multiple times on a daily basis. Here are the qualifying spread betting markets on Spreadex sport by sport:
- American Football: Supremacy (NFL).
- Australian Rules: Supremacy.
- Baseball: Supremacy.
- Basketball: Supremacy.
- Cricket: Player Perfs (ODIs & T20 only).
- Darts: 10-3 Supremacy.
- F1: Race Index.
- Football: Supremacy, football Group Specials markets (Action, Goal Mine, Accumulator, Top of the Flops, Hat-Trick, Multi Teams), Player Season Goals.
- Golf: Finishing Positions, Leaderboard, Player Performance, 10-3 18-hole Match Bets Supremacy, 10-3 18-hole Match Bets Supremacy (Matchplay).
- Horse Racing: Double Numbers, Favourites, Favourites Rush, Starting Prices, Winning Distances, Racecard No 1s, Racing Post Favourites, Squared Numbers, Stop at a Winner, Bottom Weights, Jockey Index, 2nd to 3rd Distances, Multi-Mules, Spotlight Verdict, 99s Distances, Heads You Win, Double Draw, SM Jockey Index, Flat Match Bets.
- Rugby League: Supremacy.
- Rugby Union: Supremacy.
- Snooker: 10-3 Supremacy.
- Tennis: 10-5 Supremacy, Total Games Played.
Spreadex Sports Betting Options
Including Virtual Sports, eSports and Political specials, there are about 20 different sports that Spreadex offers for betting on. This doesn’t compare favourably with regular fixed odds bookmakers who can have twice as many different things for wagering. However, Spreadex Sports offers both that form of gambling and its renowned spread betting together. This illustrates what you can bet on with this platform:
Besides Spreadex horse racing betting and football markets, which are by far the most popular with British punters, there is tennis, golf and boxing. Other sports you can bet on include those prevalent in other English-speaking countries around the world too like cricket, greyhound racing and both codes of rugby. US sports and leagues like the NFL American football, NBA basketball, MLB baseball and NHL ice hockey feature too.
Spreadex Sports Odds
Toggling between Spreadex fixed odds and spread bets is very easy. All you have to do on the site or betting app is click or tap on the type of betting you want on any section page. Highlighted turquoise background buttons indicate what type of odds are displayed. Buying and selling spreads bets could result in bigger payouts than the regular fixed odds markets, yet also end up costing you more if your make the wrong call. The only downside when it comes to price is Spreadex best odds guaranteed isn’t in place for horse racing wagers but other bet offers are available.
Live In-Play Betting
Spreadex Sports betting also has the in-play angle covered. There are live betting markets all the time. The commitment to this exhilarating type of gambling, where odds and spreads shift in relation to what happens in sports events as they unfold, is clear. Check out the In Play tab on the main menu for the latest live markets. Spreadex football is particularly strong in this area. That is because in-play betting has developed alongside the growth in soccer gambling globally.
From excellent Spreadex horse racing live streaming to tutorial videos, this platform knows extra features have their place. Streams are a key part of the In Play betting experience mentioned above, letting you see the action happen. This helps you to decide what to wager on and when. Another handy innovation in recent times is the introduction of a Spreadex fixed odds Bet Builder for football matches. With this, you can pick out your own same match multiples and increase the price of your punt.
This Spreadex review should point out that this firm has won awards for its customer service. Live chat is available 24/7 without even logging in with swift responses and friendly, professional support staff on hand to help with all queries. There is also a number you can phone (+44 1727 895090) and email address ([email protected]) to send questions or problems too. Customer support is another strong area for Spreadex for sure.
Like any online bookmaker that promotes responsible gambling, Spreadex Sports allows you to set loss and deposit limits to make sure you stay in control. New customers have these in place automatically, especially for spread bets where the potential to lose much more than your stake exists. There is no upper limit to what you can win from such gambling, on the other hand. You must understand there are different risks attached to spread betting than with fixed odds wagers.
Our detailed Spreadex review found 95 different slot games available in the Casino platform. There are also three different types of Roulette with the American, European and French variants on offer. Each lets you stake between £1 and £5,000 on each spin of the wheel. With Blackjack, meanwhile, you can up the ante to a maximum of £500.
There are greater ranges of slots, table and card games available elsewhere but we are talking about dedicated casino platforms. This is more of an add-on to the financial spread betting and sports betting services that Spreadex offers and is better known for. Their Casino offering is decent, though, and provides an alternative to the company’s core competencies.
Signing up to Spreadex Sport
Both Spreadex fixed odds and spread betting can be done from the same account. That makes things a lot easier as there is no transferring of funds between balances. Some sites have separate ones for sports and iGaming but you can wager in the Spreadex Casino all from one account, which is great. Now that you know about this, check out our step-by-side guide to signing up
Step 1: Visit Spreadex Sports
The above link takes you to the Spreadex website and you’ll see a red Join button with white text in the top right hand corner of the header. Hit this to begin the sign up process.
Step 2: Complete Registration Form
There is then a two-page registration form to fill in. The first bit is all about creating your account. Enter your name, email address and create a password for your Spreadex Sports account. Select your country of residence and nationality, confirm your age (you must be aged 18+ to gamble in the UK) and agree to terms and conditions.
The second page of the registration form is largely about more personal details. Enter your date of birth, phone number and home address. You will also be asked to set a security question and answer that will help unlock your account if you forget your password. Hit Join Spreadex at the bottom. This opens a fixed odds betting account. You must activate the spread betting account yourself and will need to have a call with the firm, so that you demonstrate you know the risks involved in that type of gambling.
Step 3: Make a Deposit
Now make a deposit. There is more on the range of payment methods below, but please note that Credit Cards can only be used for Spreadex financials on their trading platform. It is illegal in the UK to use this to fund sports betting account following changes to the law.
Step 4: Start Betting
Once your account has funds in it, you’re ready to start wagering on Spreadex Sports with both fixed odds and spread betting available. Remember, there are new customer offers available for both. You can also take advantage of other Spreadex promotions that they run.
The Spreadex App
Why not access Spreadex Sports mobile platforms on your smartphone or tablet with an optimised application? This is the top spread betting app in the UK today. It is quick and easy to get the Spreadex app for both iOS and Android operating systems. With the latter, there is a notably minute download size of just 3.9MB, but don’t be fooled. Spreadex mobile has everything available on desktop. This app packs plenty in.
Although the Spreadex mobile platform doesn’t offer anything exclusive that you can’t get on other versions, it does provide a streamlined gambling experience. A few simple taps of your device gets your bets on. The Spreadex Sports mobile app is one of the smallest in terms of size to download for iPhone and iPad with the current version at the time we conducted our review being 15.3MB.
Payment Options at Spreadex
When it comes to payment methods, Spreadex Sports and trading platforms keeps it very traditional. You won’t find eWallet services among the options here. That puts this firm out of line with much of the rest of the gambling industry, certainly the sportsbook side of things. While that is disappointing, the Spreadex withdrawal time when you want to take funds out of your account is typically between 1 and 3 days.
It is also worth noting that with spread bets, the stakes you place will be limited by the loss liability. In other words, the total amount in your account balance must be able to cover the worst case scenario of a spread bet losing. The table below has all the details of the classic payment methods on offer with Spreadex. There are no fees and no minimum deposits and withdrawal amounts either, so you can fund or take as much or as little as you want out:
|Payment Method||Minimum Deposit||Fees||Minimum Withdrawal||Spreadex Withdrawal Time|
|Debit Card||None specified||£0||None specified||1-3 days|
|Credit Card*||None specified||£0||None specified||1-3 days|
|Bank Transfer||None specified||£0||None specified||1-3 days|
*Credit Cards for Spreadex financials trading platform only
Spreadex Review Pros & Cons
There are upsides and downsides to betting on any website, so Spreadex Sports is no exception. In the interests of providing a balanced and authentic review, we want to be honest with you about the pros and cons of gambling on this unique platform. View those right here:
What we like:
- Fixed odds and spread betting together
- Spreadex sign up offer for both wager types
- Live stream horse racing from UK and beyond
- Award-winning customer service available
- Tiny app download size, great mobile platform
What we don’t:
- Range of payment methods doesn’t compare well
- Fewer sports to bet on than at other bookmakers
That brings our detailed Spreadex review to a close. What have we learned? With a choice of Spreadex sign up offer depending on whether you want fixed odds or spread betting, the way that this company has expanded over the years shows how they have become bigger than the niche they carved out. Spreadex Sports isn’t the only spread betting platform in the UK, but remains widely regarded as the best.
Packed full of extra like the excellent live horse racing streaming options, fixed odds football Bet Builder and tutorials on how to spread bet, they marry this with award-winning customer service, a strong In Play section for live betting and more. The only areas for improvement with Spreadex Sports betting really is the breadth of sport covered, plus embracing modern payment methods. There is plenty to recommend them to punters.
How Do I Bet on Spreadex?
Spreadex Sports betting works in a similar fashion to other gambling sites. Sign up and make a deposit, then locate the sport and markets you want to bet on. Now enter your stake. If you place a spread bet, then you must have the funds in your account to cover the maximum potential loss.
Who Owns Spreadex?
Spreadex Ltd is a privately held company with Jonathan Hufford as its Managing Director. With its head office in St Albans, Hertfordshire, it still operates within Greater London.
Is Spreadex Regulated?
Yes, Spreadex is regulated by both the Financial Conduct Authority (FCA) and UK Gambling Commission (UKGC). This is because it offers both financial trading and sports betting. Spreadex financials come under FCA control, while the sports betting has regulation from the UKGC.
How Long Do Spreadex Withdrawals Take?
Withdrawals of funds from Spreadex Sports usually take between 1 and 3 days. There are more limited options for deposits and withdrawals than other betting sites, however.
Is Spreadex Reliable?
Yes, Spreadex has developed a reputation for being a reliable, safe and secure place to bet or make financial trades. This is evidenced by the many awards the company has won in recent years.