Spreadex Sports Betting Review (2024)

Users' Rating: 5 (1)
  • Trade with 0% Commission for 60 days
  • Industry-low commission fee of 2%
  • Best priced odds
TPP RATING4.1 / 5
  • Welcome Offer Promo Code
    Welcome Offer
    Get £50 in Bet Bonuses
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    SIGN UP. Create your account in minutes. BET £25. Place a £25 fixed odds bet at minimum odds of 1/2. GET £50 IN BONUSES. Get 5 x £5 free fixed odds bets + 4 x £5 free spread bets + 50 free spins on Starburst. 18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

  • Welcome Offer Promo Code
    Welcome Offer
    2 Free £5 Spread bets + £300 cashback
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    SIGN UP. Create a full sports spread betting account in minutes. PLACE A £10 BET at min 1/2 odds to get 2 x free £5 Total Goals spread bets. GET CASHBACK on selected qualifying spread bets, up to £300 max.

    QUALIFYING SPORTS SPREAD BETTING MARKETS: Horse racing, football, cricket, greyhounds, golf, tennis, NFL, rugby union, rugby league, basketball, snooker, and darts. 18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

  • Sports Promo Code
    Sports
    Refer & Earn
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    REFER AND EARN A £100 TOTAL GOALS SPREAD BET: STEP 1: Tell a friend about Spreadex. When your friend opens their account, get them to mention your name and postcode on their Welcome Call from our accounts team. - STEP 2: Your friend must place 5 qualifying sports spread bets (£2 min stake, each able to win and lose £20). - STEP 3: When they have placed the 5 qualifying spread bets, you can place a £100 Total Goals spread bet by clicking on the 'Claim as Free Bet' option on the bet slip.

    REFER AND EARN UP TO £50 CASH IN YOUR ACCOUNT: STEP 1: Tell a friend about Spreadex by emailing them via the Refer A Friend section in My Account when logged in. - STEP 2: Your friend must join via the link sent in your email or text and place £10 worth of fixed odds bets at min. odds of 1/2 in their first 28 days. - STEP 3: When they have placed the £10 in fixed odds bets, you get £10 cash in your account for every qualifying referral made.

    18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

  • Sports Promo Code
    Sports
    Spread-Free Bets
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    If you're a regular sports spread better then you can get a little extra free with Spreadex. For certain markets we offer the chance to get spread-free bets, i.e. bet at the mid-point of the spread at the market mid-point rather than the top or bottom of the spread. For spread betting, losses may exceed deposit.

    STEP 1: Place 3 sports spread bets online on the same sport's qualifying markets listed below within 10 minutes. - STEP 2: Place a 4th spread bet on the same market spread-free, i.e. at the spread mid-point (stake = size of your smallest qualifying spread bet). - STEP 3: You can claim this offer as many times as you want on any sport markets listed below when you meet the qualifying criteria.

    18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

  • Horse Racing Promo Code
    Horse Racing
    Lucky Double Odds
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    Double Odds for 1 winner only on L15, L31 or L63. No bonus applies for 2 or more winners. All selections must run for double winner bonus to apply. Any NR will mean the bonus will not apply. No max price or max bonus to apply. Available on Horse Racing and Greyhounds only. 18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

  • Horse Racing Promo Code
    Horse Racing
    First Past the Post
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    If a horse finishes 1st but is then demoted for causing interference, we will pay out for both the new promoted winner as well as the original winner! This offer applies to fixed odds bets on UK and Irish racing only. Please note - see below for exceptions to this offer. 18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

  • Horse Racing Promo Code
    Horse Racing
    ‘2nd to a Rag’ Insurance
    No Code Needed Copied!
    Spreadex PROMO CODE
    Expires: No Expiry
    CLAIM BONUS

    If you back a horse that finishes second to a winner with an SP of 33/1 or greater, get your money back as a free bet up to £25 max.

    Please note - this applies to first fixed odds single winner bet on each race only. Subsequent bets on the same race will not qualify. 18+ Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad

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Spreadex Quick Facts

Betting Options Sportsbook, Casino
Compatibility
iOS
Android
Tablet
Mac/PC
Support Live Chat, Email, Phone, post
Owner Spreadex Ltd
Founded 1999
Headquarters London, United kingdom
License UKGC
Deposit Methods
Withdrawal Methods
LANGUAGES
uk
MAIN FEATURES
UK Gambling Commission
Live Stream
VIP Programm
Cash Out
Bet Builder
Support
Native App
Cryptocurrency
Established in 1999
Pros:
  • High quality sign up offer
  • Lots of choice of sports markets
  • Competitive odds
  • Unique spread betting service
  • Great customer support
  • Many additional sportsbook promotions
Cons:
  • Lacks some popular banking methods
  • No VIP programme

Introduction

Spreadex is perhaps best known for its financial trading, but it also offers a sports betting service. Are you better off sticking to more recognisable sportsbooks? Or is Spreadex a sleeping giant in the industry? ThePuntersPage conducted a scrupulous Spreadex review to find out. Read on to discover how it fared.

How We Rate Operators

At ThePuntersPage, our commitment to providing clear and comprehensive sportsbook reviews is paramount. We meticulously assess each bookmaker during our future-proof review procedure, focusing on several critical aspects:

  1. 1.

    Odds and Margins

  2. 2.

    Bonuses and Terms

  3. 3.

    UK-friendly Payment Methods

  4. 4.

    Betting Markets

  5. 5.

    Live Betting and Streaming

  6. 6.

    Betting Features

Registration Process

5/5
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    Simple two-step process

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    Takes a matter of minutes to complete

Some players can be put off signing up to a new UK sportsbook due to overly complicated registration processes. You'll be glad to know that there is no danger of this happening at Spreadex! Getting started with the betting site could not be easier, with just two steps required.

To start the process, you'll need to locate the ‘JOIN’ icon in the top right of the screen. Clicking on this will take you to step one of signing up.

Registration window on Spreadex
Source: Spreadex

Here you will need to fill in your Name, Email Address, Country of Residence and Nationality, as well as selecting a Username and Password. When doing the latter we recommend including numbers and symbols for maximum security. When you are done, check the box confirming you are over 18 and click ‘CONTINUE’.

Spreadex Personal Details window
Source: Spreadex

This will take you to the second and final step of the registration process. All that is required here is your Date of Birth, Phone Number and Address. You will also need to select a security question and answer in case you lose access to your account.

Spreadex application accepted
Source: Spreadex

Your account will be automatically verified by the bookmaker using the details you’ve provided. You’ll be greeted by the above screen, where you have the choice whether to immediately make your first deposit or active your spread betting account.

Should you opt for the latter, the bookmaker will proceed to ask you a few more questions related to your finance details before you can begin spread betting.

Overall, we could not find anything to complain about when signing up to Spreadex. The process was quick and easy, and we appreciated the emphasis on security.

Deposit And Withdrawal Options

2/5
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    Debit cards and cheques accepted

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    No e-wallets at all

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    No cryptocurrency

If you prefer to fund your sportsbook account with a debit card, you will have no problems doing exactly that at Spreadex.

The operator accepts Maestro, Visa Debit & Delta, Solo, Electron and Mastercard payments, with all options allowing a minimum deposit of £10. Unlike most of its competitors, Spreadex does not impose a maximum deposit limit.

Spreadex payment information
Source: Spreadex

As well as debit cards, bank transfer and cheques are also accepted by the online bookie. No fees are involved with each process.

Unfortunately, this is where Spreadex’s banking options end. They do not accept any third-party payments, which rules out e-wallets like Skrill, NETELLER and PayPal, as well as prepaid vouchers such as paysafecard. Cryptocurrency is not accepted either.

Because of this, transactions may take slightly longer than you are used to at other sportsbooks. When using a debit card to withdraw, the funds are likely to appear in your account within 2-5 days, while bank transfers should be slightly faster.

While it is disappointing to find some popular payment missing from Spreadex, it is not the end of the world. As the operator accepts the most widely used methods, you will likely have no problems funding your account.

Method Min Max Processing Time Fee
£10 None Instant None
£10 None Instant None
£10 None Instant None
Method Min Max Processing Time Fee
£10 £25,000 2-5 days None
£10 £2,500 2-5 days None
£10 £2,500 2-5 days None
£10 £25,000 2-5 days None

Depositing Funds

Spreadex my account button
Source: Spreadex

To fund your Spreadex account, click the ‘MY ACCOUNT’ icon located in the top right-hand corner of the homepage.

spreadex my account payment info
Source: Spreadex

A new tab will open, in which you’ll see the above drop-down list on the left-hand side. To begin the depositing process, select ‘Deposit Funds’ and select whether you wish to fund your ‘Spread betting trader ledger’ or ‘Sports fixed odds wallet’. We opted for the former.

Spreadex account data
Source: Spreadex

Then it’s merely the financial formalities. As we noted earlier, you can use various debit cards, bank transfer and cheques to fund your Spreadex account. We are using a debit card, so we had to confirm our preferred currency then fill out our card number, card expiry date, date of birth and security code before selecting how much we wanted to deposit.

spreadex deposit funds
Source: Spreadex

Should you require further assistance, a small information paragraph is provided at the top of this tab. Here, Spreadex list the contact information for various communication avenues.

Once our card information was filled out, a click of the ‘SUBMIT’ button saw our Spreadex account funded – as shown below.

spreadex available balance
Source: Spreadex

Withdrawing Winnings

To withdraw funds with Spreadex, you must once again access the ‘YOUR ACCOUNT’ tab.

spreadex my account withdrawin funds
Source: Spreadex

The same drop-down list then appears, but this time, you’ll need to select ‘Withdraw Funds’. As the bookmaker notes, withdrawals can be made to any card/bank used to make a deposit. Punters are restricted to £25,000 maximum card withdrawals or £2,500 Mastercard/Maestro withdrawals.

Spreadex withdraw funds
Source: Spreadex

In this example, we have £13.33 in our Spreadex account which we wish to withdraw. Thus, to do so, we confirmed our payment method (card) and the withdrawal amount. The card you used to deposit will automatically appear as the default option, so we merely clicked ‘NEXT’ to proceed.

Spreadex account withdraw funds amount
Source: Spreadex

Then, we had to confirm our withdrawal by clicking ‘CONFIRM’. The below screen signalled the end of the process, with our funds expected to arrive within 2-5 working days.

spreadex withdraw funds small
Source: Spreadex

Welcome Offer

4/5

Get £50 in Bet Bonuses

spreadex welcome offer screenshot

At the time of writing, UK punters can claim a generous welcome offer after signing up with Spreadex. The bookmaker is offering new customers £50 in bet bonuses. To claim, punters must place a £25 qualifying bet on any fixed odds market at odds of ½ or greater.

spreadex welcome offer steps screenshot
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    The free bets are credited in instalments upon the conclusion of their qualifying bet. Punters are given their first £5 free bet upon the settlement of the qualifying bet, with the four following £5 free bets credited on the next four consecutive days. For example, if your qualifying bet settles on Monday, you’ll immediately receive a £5 free bet, then the rest of your free bets on Tuesday, Wednesday, Thursday, and Friday.

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    In addition to these fixed odds free bets, Spreadex also gifts punters two Total Goals spread bets, two Winning Favourites spread bets, and a Race Index spread bet (you must have a full spread betting account open with Spreadex to earn these freebies).

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    That’s the maximum reward you can receive from Spreadex. The size of your qualifying bet depends on how many free bets you’ll receive. For example, if your first stake ranges between £5-£9, you’ll garner just one £5 free bet.

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    This offer must be claimed within 28 days of your account opening. No bonus codes need to be added.

2 Free £5 Spread Bets Plus £300 Cashback

spreadex welcome offer screenshot

Spreadex have a second welcome offer, where users can claim two free £5 spread bets when placing a fixed odds bet of at least £10, at minimum odds of 1/2. Once this bet has been settled, the welcome offer will be activated, and users will receive two £5 Total Goals spread bets.

In addition to the above, if a minimum of £300 is staked on qualifying sports spread betting markets within 28 days of their account being opened, users will receive either £300 cash or an iPad. If a lower amount is staked, the cashback received will match that amount. For example, a £50 stake will result in £50 cashback.

Full terms and conditions apply.

spreadex welcome offer steps screenshot

Sportsbook Promotions

4/5
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    Many extra promotions to choose from

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    Refer-a-friend system

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    Lack of formal VIP/loyalty programme is a shame

At the time of our Spreadex review we were blown away by the incredible selection of additional promotions available at Spreadex sportsbook.

Whether you prefer fixed odds or spread betting there are plenty of ways to be rewarded at Spreadex. One of the sportsbook's most popular schemes is Refer and Earn. With this, you can be rewarded simply for spreading the word about the company.

Spreadex Refer and earn
Source: Spreadex

When a friend signs up to Spreadex, get them to mention your name and postcode when they have their Welcome Call from the accounts team. They then need to place five sports spread bets (£2 minimum stake) and you will be rewarded with a £100 free spread bet that can be used on the Total Goals market.

This is just one of many great promotions you can expect from Spreadex. Another example is their First Goalscorer Insurance offer, in which punters win their money back as a free bet should their fixed odds first scorer bet instead scores last in the selected match.

VIP/Loyalty Programme

Unfortunately Spreadex does not yet offer a formalised sportsbook VIP/loyalty scheme. This is not too much of a problem, though. The huge amount of promotions on offer mean that there will always be a bonus on the horizon to keep you engaged.

Pre-match Offer

4/5
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    One of the only UK sportsbooks to offer spread betting

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    Huge amount of different sports markets to choose from

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    Deep selection for majority of sports

Spreadex’s pre-match offer is excellent. Odds can easily be changed into fractions, decimals or American formats, so viewing your outstanding wagers could not be easier.

Sports

Of course, a betting site is only ever as good as its sports selection. In total, Spreadex offers over 20 different sporting markets. Mainstream choices such as football, basketball, tennis and horse racing are all here, but there are also many less well-known options. For instance, we tried out Aussie rules, table tennis and volleyball betting for the first time during our review.

In the vast majority of these sports, the submarkets are deep. The best football bookies offer common bets such as First Goalscorer, Under/Over Goals and Asian handicaps. However, there is plenty more on offer as well. We particularly enjoyed the #NameIt bets, which are unique wagers you will only find at Spreadex.

Spreadex Player markets

Before recommending any sportsbook for odds, we always make sure to check the overround of several markets. Essentially, this is a measure of house edge. When we did this, we happily discovered that all of the operator’s odds seem extremely competitive when compared with other sportsbooks.

Placing a Bet With Spreadex

Placing a fixed odds bet with Spreadex is simple. We wanted to bet on the outcome of one of the popular football matches in the following example.

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    First, we accessed the bookmaker’s football offering by clicking the football tab located on the horizontal slider that runs across the homepage.

spreadex navbar
Source: Spreadex
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    A drop-down list then manifests with the most popular games listed at the top. We chose to bet on Dynamo Kyiv vs Bayern Munich, in which we backed the visitors to win at 1/3.

Spreadex uefa champions league
Source: Spreadex
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    Our selection then went straight into the bet slip – seen ubiquitously down on the right-hand side of the homepage – before we staked £10, thus returning £13.33. Spreadex’s minimum and maximum stakes are bet dependent, but the vast majority of markets boast a 1p minimum stake.

spreadex my current bet slip
Source: Spreadex
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    Then, a click of the ‘PLACE BETS’ icon will confirm your bet.

spreadex bet slip place bets
Source: Spreadex
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    The confirmed bet is shown below.

spreadex current bets summary
Source: Spreadex

Check out other top financial betting sites.

Spread Betting

Aside from all of these fine fixed-odd pre-match markets, Spreadex is also one of the only UK sportsbooks to offer spread betting. If you have not heard of this, worry not. All you need to do is read our in-depth guide to spread betting, and you'll be good to go!

Spreadex Popular Markets

As it specialises in this form of wagering, you will not be surprised to hear that Spreadex does it extremely well. It is easy for novices to pick up the practice, with spread betting available on the overwhelming majority of the sportsbook’s markets.

Esports

As esports is one of the fastest growing markets in the world, it is vital that operators offer a good betting service for all the biggest tournaments.

Accordingly, Spreadex consistently covers the most popular esports events worldwide. Over the course of our review we discovered markets for several CS:GO, League of Legends and Call of Duty tournaments – and that only scratches the surface of what you can expect during the year.

Other Specials

If you want to try something different from sports and esports betting, there are plenty of other markets to sink your teeth into.

There is plenty of politics betting available with the site, for example, with markets on the next Labour and Conservative leader available at the time of this Spreadex review.

Cash Out & Bet Builder

Cash out can be used on almost all of Spreadex’s pre-match markets. The amount updates in real time, ensuring you always get the fairest price possible. It's rare to find this on cash out betting sites.

Creating your own customised bets could also not be easier. Spreadex’s Bet builder feature can be used on most markets, allowing you to tailor your experience exactly to your needs.

Live Offer

4/5
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    Hundreds of live markets to choose from

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    Some great live streaming options

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    Dynamic, competitive odds

Much like in pre-match offering, Spreadex’s live betting options are some of the best we have come across. 20 different sports are available for in-play bets and the odds are updated constantly depending on what is happening in the game.

Following events that you've bet on is made easy by the in-depth statistics that Spreadex provides. Regardless of the sport, the operator consistently goes the extra mile, offering many different stats that help you to make informed decisions.

Another great addition is live streaming. Although not every market is broadcasted for bettors, horse racing, tennis and greyhounds can all be watched on the betting site. Spreadex also has rights to broadcast the Bulgarian football league.

Spreadex live streaming

Even if they are not showing the event themselves, Spreadex provides information on where it is available to view in the United Kingdom and abroad.

Security

5/5
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    Fully licensed by the UKGC

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    SSL encryption

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    Committed to safer gambling

Whenever we conduct a bookmaker review, we are always sure to verify each sportsbook’s security and licensing credentials. When we did this for Spreadex, we were impressed with what we found.

It is licensed to operate by the UK Gambling Commission under account number 8835. The UKGC is one of the most scrupulous regulatory bodies on the planet and their licenses are only being granted if a sportsbook adheres to their high standards. In short, then, while playing at Spreadex you can be sure that you are using a fair and secure service.

Further adding to the operator’s top-quality security credentials is SSL encryption. Whenever you are involved in a financial transaction on the site, your details are protected with this industry-leading technology.

Spreadex is also committed to safer gambling. If you request, the operator will impose deposit limits on your account, while there is also considerable material on how to avoid unsafe practices on their website.

Service And Customer Support

4/5
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    24/7 Support

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    Many ways to get in contact

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    Responsive and courteous staff

Good customer service in the cornerstone of any good business, and online bookmakers are no different. Whenever we had a problem, Spreadex was more than happy to help. Regardless of how we got in contact with the operator, we always received a warm greeting followed by some helpful advice.

Spreadex Live Chat

For most queries, your first port of call should be live chat. This service is available 24 hours a day, seven days a week. The ‘LIVE CHAT’ icon is always available on the bottom right of the screen regardless of where you navigate on the site. Due to this, assistance is never more than one click away.

If you prefer not to use the live chat, Spreadex can also be contacted via email on info@spreadex.com. For those who prefer to speak to someone, there is a telephone support line available on 01727 895 000.

Your options do not end there either. If you ever need to send something by post, the required Freepost address is:

Freepost RRRS-GTBG-HGZB, Spreadex Ltd., Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU.

Design & Usability

4/5
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    Innovative site design

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    Simple but effective aesthetics

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    Navigation is a breeze

Spreadex Portal

As soon as you open the Spreadex website, you will notice how well it is laid out. It is clear that usability was the central aim of the design process, with the various sub-menus and search functions making navigation a complete breeze.

We also appreciated the laid-back colour scheme. There is nothing overpowering here, with only grey, off-white, black and red used. This, combined with the well-sized icons, make everything on the site extremely legible.

Placing the most popular sports markets in a banner on the top of the site is another solid decision that further increases the usability of the site.

Mobile

5/5
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    App available on both Android and iOS

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    Optimised for the smaller screen

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    Does not sacrifice performance

Sports betting on the go is becoming increasingly popular. Therefore, having a high-performing sportsbook app on your phone is important.

Spreadex offers its players exactly this. The app can be downloaded for free from both the Google Play Store and App Store, so whether you are team Android or team Apple, your needs are met.

Spreadex Sports Betting App

The app makes sure not to sacrifice performance on the smaller screen. All of the features and markets on the website can be accessed, with everything optimised for the smaller device. We really enjoyed exploring the sportsbook on our phone and tablet during our review.

Other Products

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    Financial trading available

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    Online casino

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    Virtual sports

Spreadex is not only known as spread betting specialists. They are also synonymous with making financial trading accessible for the masses. If this is your sort of thing, this part of Spreadex’s portfolio can be accessed on the website; however, you will need to download a separate app to explore on your phone or tablet.

Apart from all of the above, Spreadex also has an online casino, featuring some of the best online slots around such as Gonzo’s Quest, Starburst and many titles from the highly rated Megaways™ series. There are no live casino options, though.

Spreadex Casino Portal

Rounding off Spreadex’s other products is virtual sports. Using cutting edge simulations, punters can bet on virtual football matches, with a range of markets available. This means that the fun can continue even when there is a break on the sporting calendar.

ThePuntersPage Final Say & Overall Rating

4.1/5

You may think of Spreadex as a financial trading platform first and foremost, but you should consider giving their sportsbook a try. Across the board, the operator manages to compete with the industry’s big hitters, offering a generous sign-up bonus, varied markets and plenty of other advantages. It has definitely earned ThePuntersPage seal of approval!

The minimum amount accepted for deposits is £10.

Users may withdraw money using debit cards and direct bank transfers. Withdrawals will be available via the deposit method used.

Withdrawals can take anywhere between 2 to 5 days depending on when the request is placed.

New customers can claim the welcome offer which allows them to place a £25 bet and receive £40 worth of free bets.

The free fixed odds bet can be placed by ticking the ‘Claim as Free Bet' button on your bet slip when placing your chosen fixed odds bet.

Spreadex customer support is available via 24/7 live chat, email or via a telephone support line available on 01727 895 000.

If you would like to close your account, simply send Spreadex an instruction in writing to the address in their ‘Contact Us’ section.

To place an acca bet, all you need to do is to add a selection of bets to the betslip and make sure you add your stake to the option that says ‘Accumulator' under the Accumulator/Multiples section of your betslip.

Further reading

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