Spreadex Bookmaker Review
Established in 1999, Spreadex are the only bookmaker to offer fixed odds sports betting plus sports spread betting from the same site.
This means there are thousands of betting options available across hundreds of events with Live Streaming, Bet-Builder and 3 Cash Out options too.
Join Spreadex and get Up to £25 in free fixed odds bets plus earn up to £300 cashback on stakes on selected spread betting markets in your first 28 days.
IMPORTANT: Note with spread betting, losses can exceed deposit.
Spreadex Welcome Offer – up to £25 in free bets
Join Spreadex and place a £25 fixed odds single bet at odds of 1/2 or greater and get 5 x £5 free fixed odds single bets. Free bets awarded on consecutive days. Place a lower initial bet and get different amounts of free bets. E.g. £20 initial bet = 4 x £5 free bets, £15 initial bet = 3 x £5 free bets etc.
Qualifying bet cannot be placed in-play or cashed out early. 18+ begambleaware
Spreadex Review
The most unique and appealing aspect of Spreadex is that it is the sole bookmaker in the world not only to offer fixed odds and sports spread betting from the same account, but casino betting and financial spread betting as well!
Essentially, Spreadex allows you to bet how you want, on what you want, when you want. It truly is a punters-first platform. They are also known for their customer service, and in 2020 won EGR Spread Betting Operator of the Year.
Spreadex Betting Offers & Promotions
Beyond the ‘up to £25 in free bets’ promo, Spreadex has a £300 cashback or an iPad offer for new sports spread betting clients. Here you can get cashback, up to £300 max, on your stakes on selected sports spread betting markets in your first 28 days with Spreadex. Hit the £300 max and you can choose to swap this for an iPad instead if you wish.
Spreadex’s ‘Refer a Friend’ offer, gives you a £100 Total Goals spread bet once your referred friend has placed five sports spread bets.
There is also ‘4th Bet Spread Free’ promotion for existing customers, where if you place 3 sports spread bets online on the same sport’s qualifying markets within 10 minutes, you will be able to place a 4th spread bet on the same market spread-free, i.e. at the spread mid-point.
Types of Spreadex Bets & Markets
It’s easier to ask what Spreadex DOESN’T offer. The platform has all the classic fixed odds prices on football, horse racing, cricket, tennis, snooker, golf, NFL, and pretty much every other sport you could think of, alongside 1000s of exciting spread betting markets.
These spread betting markets include Goal Supremacy, Total Goals, Total Goal Minutes and Super Mega Player Minutes for football; Racecard, Jockey and Matchbet spreads on horse racing; Player Super Mega Runs, Team Runs and Player Performance on cricket; and many, many more.
With sports spread betting, the more right you are, the more money you will win. Of course, that principal does work in the reverse – it is important to be aware that spread betting losses can exceed your initial deposit.
Special Features
Beyond the aforementioned ability to place fixed odds, sports spread, casino and financial trades on the same account, the Spreadex platform has a ton of features built with bettors in mind.
If you don’t fancy any of Spreadex’s prices you can become a bookie yourself, and create fractional or decimal fixed odds and binary or index spread bets of your own using the Bet-Builder function.
Spreadex has not one, not two, but three forms of cash-out available to its clients. One-Click Cash Out allows you to take an early profit or cut your losses at any point during an event. Auto Cash Out means you can close out a bet if it has made a certain amount of profit in play. And Partial Cash Out allows you to select exactly how much of a bet you want to cash out on.
My Teams means you can keep track of all the long-term and short-term prices related to the various clubs you support in different sports.
And the platform also allows you to live-stream events on a host of different sports, including football, horse racing, cricket, tennis, snooker, greyhounds and basketball.
Ways to Bet at Spreadex
Alongside Spreadex’s easy-to-use desktop platform, you can bet on the go with the firm’s mobile and tablet apps, optimised for iOS and Android.
The free app not only gives you access to hundreds of markets at great prices, but allows you to follow scores, check team line-ups, find results and much more.
Spreadex Customer Service
Our experiences with Spreadex’s customer service show why they are so well known for looking after their clients.
With the sports desk open 24/7, responses were quick and thorough, be it on the phone, via email, or using the platform’s live-chat feature.
In terms of educational content, Spreadex has detailed guides on every single sport is offers prices on, as well as a Spread Betting Calculator to help you get to grips with the product.
Payments & Withdrawals Options
Spreadex offers a variety of different withdrawal and deposit methods. These include:
- Visa
- Switch/Maestro
- Mastercard
- Bank Transfer
- Cheque
- Direct Debit
- Barclay’s Pingit
Unfortunately Spreadex does not currently accept deposits from e-wallets, such as Moneybookers, Paypal, Neteller and Ukash.
Any payments back onto a debit card will take between 2 and 5 working days to appear in your bank account. Any Bank Transfers should be in your account within 2 working days.
Our Verdict – 4.5
Pros and Cons
Pros
- Fixed odds betting and sports spread betting from the same account
- Bet-Builder feature allows you to become the bookie
- Live-Streaming on loads of different sports
- Great opening offer giving you up to £25 in free fixed odds bets and up to £300 cashback on spread betting
- Industry-leading customer service
Cons
- Spread betting losses can exceed deposit
- Does not accept deposits from e-wallets
