Spreadex sports review (UK)

The offer works as follows:

Place a qualifying £25 fixed odds bet at odds of 1/2 or greater and get £5 free bets in five consecutive days.

E.g. Qualifying £25 bet placed and settled on Monday. Then:

• 1st £5 free fixed odds bet is available to use from Monday.
• 2nd £5 free fixed odds bet is available to use from Tuesday.
• 3rd £5 free fixed odds bet is available to use from Wednesday.
• 4th £5 free fixed odds bet is available to use from Thursday.
• 5th £5 free fixed odds bet is available to use from Friday.

In addition to this, you will also receive an extra £5 total goals spread bet after you've used the first and second £5 free bets.

The free bets will be added to your account one per day after your qualifying bet is settled, and their winnings are free of wagering requirements.

You will also receive 50 spins to be used on Starburst. Each free spin is worth 10p, and there are no wagering requirements.

When placing your bet, you can use the free fixed odds bets by clicking the "Claim as a free bet" button from your bet slip. The stake of the free bets will not be returned, and like the qualifying bet, they must be placed with odds of 1/2 or greater.

SpreadEx bonus code

Spreadex's first-time deposit bonus is not subject to a bonus code and can be claimed without one.

Spreadex promotions

SpradEx offers its customers the opportunity to redeem various promotions. Here are some examples:

• First goal scorer insurance
• Spread-free bet
• "2nd to rag" insurance
• First past the post
• Refer and earn

Spreadex's fixed odds payout percentage comes to around 94%, which is standard in the industry. Nevertheless, this rate can vary significantly depending on the sport or league you're betting on, and as usual, in closely followed matches, there are better payouts.

You can view SpreadEx sports odds in decimal or fractional formats.

In addition to traditional betting, Spreadex offers the possibility of spread betting. Spread betting allows the smart bettor to play higher odds and increase their winnings.

Spread betting is a form of betting where the outcome is determined by the accuracy of a prediction rather than a win or loss. Spread betting offers high potential profits and flexibility in trading. The cons include high risk, significant losses, and complexity in understanding and predicting markets.

Here is a video explaining how spread betting works:

The betting markets at Spreadex are catered especially towards British players, which is highly evident in the sports available. Traditional favourites like horse racing, football, tennis, boxing and rugby take centre stage when betting at Spreadex.

Football fans will see hundreds of markets for most big games, while a bet builder tool is in place to enable users on this site to create their same-game accumulator wagers.

Spreadex also offers its own unique #NameIt betting market, which is its version of the request-a-bet sections that can be found on many of the UK's biggest and best betting sites these days.

The fact that both fixed odds and spread betting prices can be found for most major markets at Spreadex offers customers a lot more choice than on many rival sites within the industry.

There are also plenty of smaller markets like greyhounds, gold, snooker, politics, cricket, darts and American football to enjoy so that boredom won't be an issue. The betting platform is a no-nonsense style, focusing on having as much information for players visible at all times.

Cashout is available at Spreadex, which means that you ensure that your bet is a winning one when you are winning or minimize losses when you are losing. The more likely your chances of winning, the bigger cashout amounts will be available - you know the drill.

However, what sets Spreadex apart from many bookmakers is that they offer partial and automatic cash out in addition to a normal one.

A partial cashout means you can cash out the percentage of your bet you want, while the automatic one means your stake will be cashed out once a specific limit is reached.

Spreadex significantly pushes live in-play betting, with both fixed odds and spread betting markets available for a massive range of sporting events. No matter the time, you can find something fun to bet on in Spreadex's in-play betting section.

Flicking between fixed odds and spread betting options is simple enough, while football fans will find the site's stats centre extremely useful when seeking winning wagers. The stats to football and other markets open in a completely new window on your desktop and are one of the most extensive stats services provided by any bookie online to help you with your live bets.

Live streaming of all UK and Irish horse racing is also available, which is excellent news for fans of the sport of kings who are considering signing up for a sports betting account at Spreadex.

Furthermore, I could watch live football from Australia on a live stream at Spreadex, with the site showing A-League games in a box on a side menu at all times, which was great.

Tennis and dog racing are also available to stream, with all of the different sporting events offered in this service able to be seen through a handy menu on the site's left-hand side.

As with most major sports betting brands in the UK, Spreadex has its own app.

Available to download for both iOS and Android, the Spreadex mobile betting app offers all of the same gambling options as the desktop site, though the mobile site is a good alternative.

Android users have given the Spreadex mobile betting app an average rating of four stars out of five, while iOS are more impressed - the app is rated 4.7 stars out of five on the App Store.

App users can access live streaming via their handheld devices, making the Spreadex mobile app for iOS and Android a must for anyone who wants to tune into the latest action on the go.

Of course, you can also use the browser on your device for mobile betting if you want to avoid downloading the dedicated app. 

Unfortunately, options for money transfers and payment methods at Spreadex are minimal.

The site accepts debit cards, including Maestro, Visa Debit, Visa Delta, Solo, Electron and Debit Mastercard, and same-day bank transfers to its Barclays Bank account.

The minimum payment amount is £10, and making a deposit by cheque is possible here.

However, many more modern payment methods still need to be added to the list at Spreadex. It is not possible to use an e-wallet such as PayPal or Skrill. 

Paysafecard and pay-by-phone bills are among the other common payment methods missing.

Spreadex offers only debit cards and bank transfers as options for withdrawals. The site warns users it can take three business days to pay out after processing the request.

• Minimum deposit: £10
• Maximum deposit: ➖
• Top-up account free of charge: ✅
• Minimum withdrawal: £1
• Maximum withdrawal: £25,000
• Maximum payout: ➖
• Withdrawal free of charge: ✅
• Pay by mobile bill: ❌

Depositing methods

Withdrawal methods

SpreadEx withdrawal times

• Mastercard 2-5 working days
• Visa 2-5 working days
• Wire transfer 2-5 working days
• Cheque 2-5 working days
• Maestro 2-5 working days

Spreadex has an experienced and professional customer service team to help you with any problems while playing on the site.

I was connected to a friendly customer service agent immediately when I used live chat at Spreadex to ask a query about the site's KYC identification checks.

The staff member fully resolved my issues within a matter of moments, while Spreadex also hosts a very detailed FAQ area which will help out many users.

However, one issue is that customer service at Spreadex is only offered from 8 am - 5.30 pm. 

• Email support: ✅
• Live support: ✅
  
• Contact number: ❌

Opening a Spreadex account is easy, and you often won't be asked for additional information when creating SpreadEx login details. However, due to KYC and other regulations in place, you might need to prove your identity and address in some circumstances. These can be done with the following:

• Identity can be confirmed with a photographic id, like a copy of your driving license or passport
• An address can be verified with a bank statement or recent utility bill that shows your address and name

Gambling and betting must always be done in a responsible manner, and Spreadex wants to help with that. However, if you feel like you could be suffering from problematic gambling behaviour, stop playing on all betting sites immediately.

At Spreadex, you can:

• Set deposit limits for daily, weekly or monthly gaming
• Take a timeout from games for a certain period, from 1 day to up to 6 weeks
• Self-exclude wholly from the games on the site
• Find links to help with maintaining control
• Remove the option of cancelling withdrawals

SpreadEx is a UK-based sports betting and financial trading company founded in 1999. The company offers a variety of betting products and services, including sports spread betting, fixed-odds sports betting, casino games, and financial trading.

Spreadex offers two main types of betting: sports spread betting and fixed-odds sports betting. It is up to the bettor how they wish to place the wager. 

Check out our review for clear and in-depth instructions on how Spread betting works.

As far as horse racing is concerned, SpreadEx does not offer the Best Odds Guaranteed.

SpreadEx withdrawal times depend on the banking method used. The average withdrawal time is 2-5 days.