Spreadex Sports Review

Author Image Written by
Last Updated: 

Built on the concept of spread betting, Spreadex is one of the leading betting sites of its kind.

Put simply, spread netting means that instead of betting on the specific outcome of a sporting event, you’re profiting or losing more depending on the amount of goals, points, etc in the event.

Although largely based around spread betting, SpreadEx also offers fixed odds betting on thousands of events.

SpreadEx Sportsbook at a Glance

📅 Online Since: 2006
🎁 Welcome bonus Bet £10 Get £40 in Free Bets
⚖️ Gambling Authority UKGC
⚽ Total Sports: 20+

Founded in 1999 by former City trader, Jonathan Hufford, SpreadEx started off in financial trading and expanded to include sportsbook in 2006. The site now also offers slots, however sportsbook is the premier offering here. In relation to sports betting and casino, Spreadex Ltd is licensed and regulated in Great Britain by the UK Gambling Commission, and by Alderney Gambling Control Commission outside of the UK.

Pros and Cons

Pros
  • Unique approach to sports betting
  • Huge variety of sports and markets
Cons
  • Additional risks associated with spread betting, you could lose more than you stake

Welcome Bonus

SpreadEx operates a generous welcome offer of up to £40 in Free Bets. To avail of this, simply place a £25 fixed odds bet at minimum odds of 1/2. Once the bet is settled. Get 5 x £5 free fixed odds bets + 2 x £5 free Total Goals spread bets + 50 free spins on Starburst.

Get Exclusive offers on Spreadex Bonus Codes with Gambling.com today.
 

Current Promotions

In addition to the welcome offer, there are several ongoing promotions that players can enjoy. For example if you’re a regular sports spread better, you’ll have the chance to get some spread free bets, in which you’ll bet at the mid-point of the spread rather than the top or bottom. You’ll also receive a risk-free £100 Total Goals spread bet for any active referrals - so keep telling your friends to sign up!

Sports and Markets Available at SpreadEx

SpreadEx offers betting on almost 20 different sports, including:

- Football
- Cricket
- Rugby League
- Rugby Union
- Golf
- Tennis

In addition, there are more other sports like UFC and darts; plus virtual sports and even politics. 

There are up to 150 different markets available for major sports. For example you can bet on total goals, bookings, corner and last match goal in football.

Betting Odds with SpreadEx

SpreadEx offers you the choice to make use of the spread betting option, or bet using fixed odds. If you use fixed odds here, you’ll get similar odds to other major online sports betting sites; while when you opt for spread betting, conventional odds don’t apply and you stand can stand to win or lose more than your original stake - depending on how correct your prediction was.

Betting Features

Spread betting is the most prominent feature of SpreadEx. Allowing you to bet on the price movements of the financial market, in order to predict whether the event will finish higher or lower than the 'spread' on offer, you stand to win large amounts of money, the more correct your prediction is. Spread betting is also available on sportsbook, meaning, for example, you can back over 2.5 goals for a set price, and once the 3rd goal goes in, you're in profit. Every additional goal thereafter in the game boosts your profit.

You can choose to view odds on decimal or fractional format, so you can customise your experience based on what you prefer. Most markets start with a minimum stake of 1p, except for some less volatile markets which start at 15p. You can see the minimum on your bet slip before placing the bet.

You can use the exciting in-play betting section to place bets on events that are currently in progress. You’ll see the most popular events at the top of the page and you can choose whether you place a spread bet or fixed odds bet on whatever match you choose. You can keep track of the event in real-time in order to better inform your bets and increase your chances of a profit.

The 'bet-builder' feature allows you to create your own bet by combining a number of different markets on the same event, all with different odds and increasing the amount you could stand to win. You can make use of the cash-out feature, which allows you to take the current value of your bet either to take a profit or cut a loss. You can avail of this feature by using the one-click cash out tick box in the current bets section. A special feature currently only available on mobile is My Teams, which allows you to follow selected teams and view all upcoming events in which they are taking part.

Live Streaming Live Streaming Green Checkmark
Cash Out Cash Out Green Checkmark
Acca Insurance Acca Insurance Red X
Odds Boost Odds Boost Red X
Time Out Time Out Green Checkmark
Bet Builder Bet Builder Green Checkmark

Registration

To register you’ll need to provide some basic details like your name, email address and your chosen username and password. There are detailed terms and conditions which you’ll need to accept before creating your account, so be sure to read them thoroughly. You’ll need to provide all of your addresses for the past three years for verification purposes and also specify your employment status and annual income, as well as providing your identification documents. This is a longer process than most online betting sites but is necessary due to the additional risks associated with spread betting. 

Payments and Banking

There are a number of different payment methods available and you can make a deposit within your account section or by contacting the customer support team. You can deposit using debit card; bank transfers; cheques; or direct debit. A £1 fee may be charged on