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Promotion is available to all new players over 18 at Spreadex with a full spread betting account
To get the free bet(s), you must place a qualifying fixed odds bet between £5-£25
After placing your bet, you will receive 1-5 free £5 bets depending if your qualifying bet was £5 or over, £10, £15, £20 or £25
After the first and second £5 free bets are used, you will get an additional £5 free total goals spread bet
Free bet stake will not be included in winnings
Free bets must be claimed within 28 days of opening your account Full and Bonus apply. BeGambleAware.org.
Spreadex betting as it appears
Here's what Spreadex looks like when used on mobile.
Summary
Spreadex offers various betting and trading options under one roof. It is unique in providing both fixed-odds and spread betting for sports, alongside financial spread betting. Established in 1999, they are known for their innovative products and customer service. However, the website's design could be improved and more payment methods could be added.
Bojoko rating
3.2
Bonuses
Banking
Odds
Support
Usability
Pros:
Combination of sportsbook and spread betting
Plentiful options for live in-play betting here
Three different types of cash out option
Cons:
Design of the site is quite dated
Losses can exceed deposits when spread betting
Very limited payment methods offered
Deposit methods
Withdrawal methods
Spreadex bet overwiew
Spreadex is one of the most exciting bookmakers available to UK players since they offer you fixed odds bets, spread betting and financial spread bets. Spread betting is perfect for horse racing, so Spreadex is an excellent choice as a bookie for friends of equestrian affairs.
The bookmaker's fixed odds section is also very nice, giving you betting markets in 20 different sports - all of them firm UK favourites. Two mobile apps are available, and with all practical matters handled well, Spreadex offers players more than many bookies.
If you are a new player at Spreadex, the bookie provides a fantastic opportunity to earn £40 in bonuses!
Bet £25, Get £40 in free bets
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.
One free bet will be added to your account per day after your qualifying bet is settled, and their winnings are free of wagering requirements. Let's say your qualifying £25 bet is placed and settled on Monday. You can see below how your free bets are credited.
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.
Depending on the size of your qualifying bet, you will be credited a certain number of free bets.
Qualifying bet
Free bets
£5-9
1 x £5 free fixed odds bet
£10-14
2 x £5 free fixed odds bet
£15-19
3 x £5 free fixed odds bet
£20-24
4 x £5 free fixed odds bet
£25+
5 x £5 free fixed odds bet
For a qualifying bet of £25, you will also receive an extra £5 total goals spread bet after you've used the first £5 free bet. After your second free fixed odds bet, you will get a second free £5 Total Goals spread bet.
If you placed a qualifying bet of £25, you will also receive two sets of 25 spins to be used on Starburst. The first set is available after your first free fixed odds bet, and the second set is available after your second free fixed odds bet. 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.
Significant terms: Available to all new players over 18 at Spreadex. To get the free bet(s), you must place a qualifying fixed odds bet between £5-£25. Free bet stakes will not be included in winnings. Free bets must be claimed within 28 days of opening your account. Full and Bonus apply. BeGambleAware.org
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 has regular promotions for both new and existing customers. Here are some examples:
Acca boosts
Spread-free bet
"2nd to a rag" insurance
First past the post
Refer and earn
Compare Spreadex free bet offer
Compared to some bookmakers, Spreadex has a generous welcome offer of up to £40 in bonuses. To qualify for the full bonus, a qualifying bet of £25 is a bit high, but you do get a great selection of free fixed odds bets and also free spins on Starburst. The best thing is there are no wagering requirements.
If you want to see how this offer compares to others, have a go at our comparison tool below.
Spreadex offers both fixed odds and spread betting. 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.
Fixed odds
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.
Spread betting odds
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. The best sites for horse racing betting can be explored on our site.
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.
There are also plenty of smaller markets like greyhounds, golf, 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 as possible 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. All of the different sporting events offered in this service can be seen through a handy menu on the site's left-hand side.
Like 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 users 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 only accepts debit card transactions, bank transfers, and cheques.
The great news is that there are no minimum deposit requirements or fees. 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 bill are among the other common payment methods missing. You can explore pay-by-phone betting sites on our dedicated page.
Spreadex offers the same payment options for withdrawals. It's noteworthy, that the minimum withdrawal stands at £50, which is very high. If your account balance is less than this, you can only withdraw the full amount.
Payment method
Deposit minimum
Withdrawal minimum
Fees
Visa
-
£50
-
Mastercard
-
£50
-
Maestro
-
£50
-
Bank transfer
-
£50
-
Cheque
-
£50
-
The average withdrawal time is 2-5 days. If your card issuer supports fast withdrawals, Spreadex can offer withdrawals within 2 hours of your request being approved. If this is not the case, then payments to these cards will take 2-5 days. Any bank transfer should be in your account within 2 working days.
Estimated 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 sister sites and alternative sites
In late 2023, Spreadex acquired its rival site Sporting Index. You can find our expert review of Sporting Index and other sites below.
Smarkets betting review: Smarkets operates as a betting exchange and offers a top-notch service at that. With only a 2% commission, the payout percentage can rise very high.
SBK betting review: SBK is a mobile bookmaker owned by Smarkets. Its unique social betting feature allows users to copy bets placed by other users. Bets can be placed in a wide range of markets.
Sporting Index betting review: With operators like Sporting Index, the future of spread betting looks bright. The betting experience is enhanced with a wide array of sports available.
FAQ
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 is owned by Spreadex Ltd.
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.
As far as horse racing is concerned, Spreadex does not offer the Best Odds Guaranteed.
SpreadEx withdrawal times depend on the banking method used. If your card issuer supports fast withdrawals, Spreadex can offer withdrawals within 2 hours of your request being approved. The average withdrawal time is 2-5 days.
With a career starting in 2015, Teemu has an extensive background in content writing, collaborating with global companies in Finnish and English.
Since 2022, he has been working with Bojoko, focusing on sports betting and casino content, combining his passion for sports and the iGaming industry.
Methodology
This review was made independently by Bojoko’s betting expert. Rating score is based on both quantitative and
qualitative factors: offers, odds & markets, payment methods, customer service and usability.
The review method is uniform for all bookmakers affiliated with Bojoko, so you can easily compare this betting site with other brands.
Tomi has been writing translations and content during a career spanning over a decade. Honesty and patience come naturally to Tomi, and this will be evident in his work for Bojoko. You can expect nothing short of authentic and meticulous analysis.
Methodology
This review was made independently by Bojoko’s betting expert. Rating score is based on both quantitative and
qualitative factors: offers, odds & markets, payment methods, customer service and usability.
The review method is uniform for all bookmakers affiliated with Bojoko, so you can easily compare this betting site with other brands.
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