Spreadex Review

Spreadex is online betting site with a specific focus on spread betting, which is different from fixed odds in that you can win or lose more depending on the margin of victory, defeat, or the equivalent. You can also placed fixed odds wagers on Spreadex.

Choose Spreadex for their:

• Spread betting opportunities
• Range of live streaming events
• Excellent mobile product

Many new betting sites appear from time to time and claim to have unique selling points, but Spreadex is an established bookie that has one of the biggest USPs of all.

Spread betting is not something that is perhaps known by your average punter, but it is a fun and interesting way to wager on sports, especially if you have a strong opinion on a particular event.

How it works is Spreadex set their prediction for a market and this is known as the spread. You can buy if you think the outcome will be higher than the spread, or sell if you think it will be lower.

For example, if you buy on a total goals market, the more goals that there are versus the spread set by Spreadex, the more you win. On the flipside, if you lose by multiple goals, you'll lose more.

There are various different types of spreads across the various sports on offer, and Spreadex provide spread betting on sports such as football, horse racing, golf, cricket, greyhounds, tennis, and many more.

You can also placed fixed odds bets on Spreadex, and these work just the same as any other wager you'd make on a standard online betting site. On the whole, the payout percentage is around the 94-95% mark, which is middle of the road compared with other UK bookies.

A casino is also on offer, and you can also buy and sell financial assets through the site. Check out our betting exchanges article for more information on this type of service. 

Find another bookie if you don't like

• Card/bank payments

Payment methods on Spreadex are limited to debit card transactions or if you'd prefer, you can send a cheque, complete a Bank Transfer, or set up a Direct Debit.

Many punters prefer to use PayPal or other eWallets, but unfortunately this is not available on Spreadex.

The deposit and withdrawal methods on Spreadex are pretty old school. You'll need to use your debit card, or otherwise send a cheque, Bank Transfer, or Direct Debit.

While the range of banking options isn't massive, there is some flexibility with withdrawal amounts, as there is no minimum for this.

Spreadex Limits on Payments and Withdrawals

You can deposit as little as you like into your Spreadex account, but they do reserve the right to charge £1 if you deposit less than £50 from a debit card.

Spreadex's details can be found on their site and you can use them to make payments. There is also the option to pay over the phone by calling the customer service team.

The maximum withdrawal onto a card is £25,000, with the exception of MasterCard which carries a £2,500 maximum.

Spreadex Verification

Age verification checks are carried out on all Spreadex customers to ensure that you are 18 or older.

As is the case with all online betting sites in the UK, you may need to send in copies or scans of documents if your verification cannot be completed electronically upon sign-up.

You may need to send Spreadex:

• Photo ID
• Utility bill
• Bank statement

On top of the Spreadex welcome offer, there are a number of other promotions that existing customers can take advantage of throughout their time with Spreadex.

There is a 'Promotions' button in the Extras section in the sidebar, and here you will find information on the various ways you can get extra value out of the site through all of the deals they provide.

A Refer and Earn offer is available, and you can also qualify for spread-free sports bets.

You will also find other resources in the Promotions section, such as a weekly sports update and the top bets of the month.

Spreadex is based in St Albans, Hertfordshire, and is one of the most established companies within online betting - let alone spread betting.

On four occasions, Spreadex has been named Best Spread Betting Firm for Customer Service at the Investment Trends Spread Betting Awards, and it is also a three-time Spread Betting Firm of the Year winner at the City of London Wealth Management Awards.

According to the Spreadex site, the company has grown significantly since being formed in 1999, with yearly revenues up to more than £50m from 2010 to 2016.

New customers can claim the Spreadex sign up offer which is worth £50 in bet bonuses.

Your free bets are split into five £5 free bet credits, and you get one per day for five days. You also get free spins on Starburst.

How to claim the Spreadex sign up offer:

1. Click 'Claim' and register with Spreadex.
2. Place a £25 fixed odds bet at minimum odds of 1/2.
3. Get 5x £5 free fixed odds bets, 4 x free £5 spread bets + 50 free spins on Starburst.

Spreadex can be split into two different types of sports betting - spread betting and fixed odds - but it all is all found under one roof in the online sportsbook.

The homepage can appear quite confusing at first, especially if you're not familiar with spread betting, but you can familiarise yourself with the concept by visiting the 'Get Started' page.

At the top of the page, the events displayed first are usually the next horse races followed by in-play events. You can then click into any event and look through the spreads or the fixed odds.

Spreadex Football Betting

Each spread betting market has different formats and rules, and you can find out exactly what they mean by clicking the i button.

Within football, there are many markets to choose from not just for single fixtures, but also 'Group Specials' that apply to entire rounds of fixtures.

Group Specials options include Premier League Weekend Action, and for this, points are assigned to outcomes such as both teams to score in the first half and 5+ goals in a game, but points are taken away from the total if there is a 0-0 draw.

As far as fixed odds are concerned, all of the standard markets you would expect to see are on offer, including a bet builder, but there is no Asian handicap.

Spreadex Horse Racing Betting

Horse racing is another of the top sports on Spreadex, and just like with football matchdays, you can bet on spreads that span across an entire meeting or just wager on a single race.

If you sell on a horse, it is similar to laying it on an exchange. If you buy, the best possible outcome is if it wins but you can also profit if it places, depending on what the spread is. The higher the spread, the better the horse is expected to perform.

The fixed odds option allows you to just back a horse to place, or you can pick a horse to win without the favourite.

Spreadex bring not only spread betting to the table, but also all of the features that you would expect from any modern online betting site.

All of the tools are at a high standard, and this can definitely be a one-stop-shop for anybody who likes both fixed odds and spread betting across a wide range of sports.

Spreadex Live Betting

The in-play betting selection on Spreadex is excellent. Spreads are available on live events, such as in tennis, in which you can buy or sell on total sets, total games, or simply a player to win the match.

Golf is also one of the best sports for live spread betting on Spreadex as the tournaments play out over a longer period and there are opportunities to find value.

There is no shortage of live fixed odds, and even the football bet builder is available in-play.

Spreadex Live Streaming

Of all of the UK betting sites, Spreadex has one of the very best live streaming catalogues. There is cricket, tennis, snooker, football, and much more on offer.

You can also watch lots of horse races, through you need to place a bet in order to watch a race.

Look out for the TV icon logo next to an event that indicates live streaming availability. If the event is being shown on TV in the UK, Spreadex will display the logo of the channel, which is a nice touch.

Spreadex Cash Out

There is the option to cash out some of your wagers on Spreadex, and by doing this you can secure a profit or cut your losses.

You can even set an auto-cash out on your spread bets, and that way you can get out for a certain figure if it reaches a certain point.

Spreadex's site is optimised for mobile so you can bet and trade while on the move. It is presented really nicely on the smartphone, and whether you use the mobile site or download the app, it is very easy to use.

Spreadex iPhone App

The Spreadex app for the iPhone can be found in the App Store, and it deservedly has a very high rating.

You can use Face ID to log in quickly and the bet builder and live streaming features are perfect for the app.

Regular updates are made to the app to ensure that functionality is as good as it can be and any bugs are promptly fixed.

Spreadex Android App

In the Play Store, search for Spreadex and you will see the range of apps they have available, including the sports betting app.

It has had 10,000+ installs in the UK and at the time of writing, the last update was made just a few weeks ago.

There is also an app for the Spreadex Casino and Spreadex Financial Trading.

With all of the sports betting options and financial trading elements of Spreadex, the casino can go under the radar, but there is a large selection of games to choose from.

Many familiar titles are on tap in the slots section, with most of the big providers being prominent.

You can play table games as well, and there is the option to do so with real-life dealers. There are a number of different variations of roulette and blackjack to pick between.

There are better casinos out there for sure, but as an added extra to your sports betting activity, playing in this online casino can be fun.