Spreadex

Spreadex Overview from Our Team

Spreadex Basic Facts

Spreadex Pros & Cons

Like the vast majority of sports betting sites around the world, Spreadex has both advantages and disadvantages. Here are some pros and cons we’ve summarised in our Spreadex review:

Spreadex Review

The betting comapny offers both fixed odds and spread betting, which gives punters a nearly unique choice and decent betting service. Spreadex also provides a variety of promotions, with two different Welcome promotions available for new users. The first is 5 x £5 Free fixed odds bets and 4 x £5 Free spread bets, plus 50 Free spins on Starburst for a £25 fixed odds bet. Within the second offer, you'll receive two £5 Free spread bets for a £10 fixed odds bet. Spreadex is given a rating of 8 for its varied Welcome bonus selection. Existing customers have fewer promotions to choose from, with only a limited number of bonus options available.

The sign-up process is straightforward, the spread betting site is easy to navigate and the betting platform provides a great customer service; however, contacting customer support is only available during certain hours. The Match.Center ratings for registration and customer support service is 6 and for UX — 8.

The betting service has a legal information section with decent navigability, earning it a rating of 10. Spreadex offers a limited number of payment methods, with only card payments and bank transfers being accepted, giving it a 2 rating.

A potential area where Spreadex could improve is its video streaming service. While the betting company offers a good number of streams for horse races and some Esports, it falls short in other areas. However, Spreadex's odds coverage is impressive, with over 800 sportsbook markets available for top football matches, and a solid rating of 7.

Spreadex Screenshots

Screenshots of the app and desktop site. 

Spreadex Free Bets & Promotions

Spreadex Sign Up Offer

Spreadex Existing Customer Promotions

Spreadex Odds

Odds are used to determine the likelihood of a particular outcome occurring in a sporting event and are typically displayed as either fractional or decimal. Fractional odds are most commonly used in the UK, with the numerator representing the potential winnings and the denominator representing the stake amount.

The bookmaker's margin at Spreadex UK varies depending on the tournament and sport. For example, on football, the margin is one of the best in the UK, with the English Premier League having a margin of only 2-3%, and other major sports matches with an average margin of 4-5%.  Similarly, for basketball and tennis, the margin is also on a good level, at 4-5%.

To illustrate the margin calculation in our Spreadex review, let's take a UEFA Champions League match. The match is between Real Madrid and Chelsea, with the following odds: 8/11 - 4/5 - 4/1 (home team to win - draw - away team to win). Based on the formula (1/1.73 + 1/3.8 + 1/5.0 - 1) x 100, we get a bookmaker's margin of approximately 3.96%.

Based on the ATP Monte Carlo, we can calculate the margin of Spreadex UK for a tennis game. In this Spreadex review, we take an Alexander Bublik vs Alexander Zverev match, with the following odds: 15/4 - 2/11 (Player 1 to win - Player 2 to win). As a result of 1 - 1 / (1 / 1.18 + 1 / 4.75), we get a bookmaker's margin of approximately 5.48%.

Let's calculate the margin of Spreadex UK for an NBA championship game. Withing this Spreadex review, we take a matchup between the Atlanta Hawks and Miami Heat, with the following odds: 8/5 - 1/2 (home team to win - Aaway team to win). With the formula 1 - 1 / (1 / 2.6 + 1 / 1.5), we get approximately 4.88% as the margin of the Spreadex Sportsbook.

What to Know About Spreadex

Spreadex is a UK-based spread betting company, headquartered in St Albans, Hertfordshire. Spreadex UK is privately owned and has consistently been one of the most profitable spread betting companies in the industry.

Spreadex UK was founded in 1999 by Jonathan Hufford, a former City trader, with the aim of providing a unique and innovative sports and financial betting experience to customers. The spread betting company has grown steadily over the years and is now one of the longest-established ones in the industry, with a reputation for personal service, cutting-edge technology, and great odds. Spreadex UK has been listed three times in the Sunday Times Profit Track list of the top 100 fastest-growing UK companies and was named in the FT1000 report of the top 1,000 fastest-growing companies in Europe in 2017.

Spreadex UK is one of the platforms that offer spread betting, which is a unique form of sports betting where customers bet on whether the outcome of a sporting event will be higher or lower than the spread (or range) offered by the bookmaker. The potential winnings or losses are determined by how much the result falls above or below the spread.

More than 25 sports are covered by Spreadex, including cricket, greyhounds, tennis, horse racing, football. You can also bet on politics, such as the US presidential election.

The bookmaker provides a multitude of betting markets, with up to 400+ markets available on matches of the Champions League. Spreadex UK offers multiple Welcome offers, real-time streaming, Cash Out, a Bet Constructor, and odds boosts. The bookmaker also provides daily Free bets and live chat support to its customers.

Spreadex Sports and Markets

Spreadex UK offers a wide range of sports and events for customers to bet on, including:

Spreadex provides over 400 football markets on a Champions League match. Customers can also take advantage of the Bet Builder feature and special player markets. Spreadex UK offers the lowest margin for the EPL football in the UK, providing punters with better football odds and more value for their bets.

Spreadex UK offers competitions from a variety of countries, including the UK, Ireland, the US, France, South Africa, Australia. The Sportsbook provides many streams for authorised bettors, allowing customers to watch races live and stay up to date on their bets.

The bookmaker provides only top events in the pre-match and live betting modes, with up to 30 pre-match markets and 60+ In Play ones.

In addition to football, horse racing, and tennis, Spreadex UK offers a range of other sports and events, including the UK favourites such as greyhounds, cricket, darts, rugby, and snooker. Spreadex also offers markets for USA leagues, including American football, baseball, basketball, and hockey. Esports fans can bet on LoL, CS:GO, and Dota 2, while martial arts fans can bet on boxing and MMA (the UFC). Spreadex also provides markets for motor racing, Australian Rules, rugby league, rugby union, handball, table tennis, golf, cycling, and politics.

Spreadex In Play Betting

Spreadex UK offers a range of features for In Play betting, making it fun and engaging for customers. Here are some of the key features:

Spreadex Streaming

Spreadex provides real-time streaming for selected sports and events, including horse racing and Esports. All you need to access live streams is to go to the page of a particular sport and click  “Streaming” (a play button icon), and you will see the games with real-time streaming available with the time of kick-off. Spreadex's live streaming is available in iOS and Android apps, as well as on mobile and desktop sites.

Spreadex Payment Methods

Here's a table summarising Spreadex's deposit options, minimum deposit and maximum withdrawal limits, and fees:

Here is a step-by-step guide on how to make deposits to your Spreadex account:

Alternatively, you can also make a payment through the Transfer Funds section of the Spreadex mobile app or by calling the customer services team. Direct debits can also be set up over the phone or by completing a Direct Debit mandate form.

It's important to note that the spread betting site does not accept third-party payments or deposits from e-wallets like Moneybookers, Paypal, Neteller, or Ukash.

You can withdraw money from your Spreadex account in the following steps:

You can also make a withdrawal request by phone or email. It's important to note that the withdrawal process may take up to 5 business days to complete, depending on the withdrawal method chosen.

Spreadex App

The Spreadex app is a mobile app that allows customers to access the Spreadex betting services and features on the go. The app is available for both iOS and Android devices and can be downloaded for free from the App Store or Google Play Store.

The app provides access to the same betting markets and features as the desktop version of the site, including real-time streaming, Cash Out, and In Play betting. Users can also manage their account, choose deposit and withdrawal options, and therefore, make deposits and withdrawals, as well as access the customer support through the app.

Users can switch between spread betting or fixed odds betting prices and view betting odds in decimal or fractional format. The app also provides pre-match football stats and In Play match centres.

Here is a table with the technical characteristics of the betting app:

The Spreadex app is well-designed, easy to use, and provides seamless betting experience. The app's interface is intuitive and user-friendly, with all of the key features and functions easily accessible from the main menu. The app's live streaming feature is particularly impressive, providing high-quality video streams of a variety of sports and events.

Spreadex Sign Up Process

The sign-up process for this spread betting site is straightforward and can be completed in just a few simple steps. Here is a step-by-step guide to the Spreadex sign-up process:

During the sign-up process, you may be asked to provide additional information, such as proof of identity and address, to verify your account. This is a standard procedure to comply with anti-money laundering regulations and to ensure the security of your account. The process can be completed online by uploading scans or photographs of your documents.

How to Bet at Spreadex

Here's a step-by-step guide on how to place a bet on this spread betting site:

It's important to note that the minimum stake amount on the spread betting site is 10£ for singles, 5£ for multiples and the maximum stake amount may vary depending on the sport and market.

How to Cash Out a Bet at Spreadex

This is how you cash out a bet at Spreadex:

It's important to note that cash-out offers may not be available for all bets or markets and may be subject to time delays or limits.

Spreadex Security

Spreadex is a regulated and licenced financial and sports spread betting and gambling company that offers a range of services to its clients. In the UK, Spreadex is authorised, regulated, and registered by the Financial Conduct Authority (FCA) under registration number 190941. Spreadex is also regulated by the Gambling Commission and has licence number 8835 for fixed odds and casino betting.

The FCA client money rules require the separation of client funds from the betting company’s own funds, and Spreadex complies with this requirement by holding the funds in a segregated bank account. Spreadex's client money account is held with Barclays Bank plc, and the bank has acknowledged it as a client money account.

For fixed odds betting, any funds held on the client's account are held in a segregated bank account at Barclays or Lloyds, and the account receives “medium protection” under the guidelines of the Gambling Commission.

Spreadex Customer Support

Spreadex offers several options to contact their customer service team in case of any issues or queries. The customer service contacts are located in the Extras section on the left column of the spread betting site. You can contact the Spreadex support via the phone, email, live chat, and a detailed Help Centre.

Spreadex's live chat option is available Monday to Saturday from 07:30 to 22:00 and on Bank Holidays from 09:00 to 21:30.

To contact the Spreadex customer services, you can call the following numbers: 01727 895 000 for landline, or +44 1727 895 000 for overseas. You can also email Spreadex at [email protected] or use freephone number 08000 526 575.

Spreadex Betting Tips and Tricks

As a responsible sports betting provider, Spreadex encourages its customers to play responsibly and avoid becoming a gambling addict. Tips and tricks for playing responsibly:

It's important to remember that sports betting should be considered a hobby, not a way to earn money.

Spreadex Frequently Asked Questions