In-Depth Spreadex Review: Online Fixed Odds Betting

Spreadex Sign-Up Offer: Free Bets on Fixed Odds

The Spreadex sign-up offer is a fantastic way to get started with the bookmaker before you jump into spread betting. Spread betting markets are highly volatile, and as such, you need a larger margin of safety built into your bankroll, which the welcome offer provides you the opportunity to win.

It’s also terrific value for money, as the Spreadex bonus typically gives you more in free bets than it requires you to deposit. There is, of course, fine print to be aware of. In our experience, Spreadex has some of the fairest terms out of all the betting bonuses we’ve come across.

Naturally, you also want to know what happens when your Spreadex free bet offer expires. There are several ongoing promotions for existing users, including ‘first-scorer insurance’ for football betting fans, spread-free bets for high-risk high-reward bettors, and ‘second-to-a-rag insurance’ for horse racing betting.

Spreadex Sportsbook Features

Spreadex is unique in that it merges financial and sports betting market theory into one complete platform. If you don’t want theoretically unlimited risk for a chance at multiplying your winnings, it also offers fixed-odds sports wagers, live betting and a bet-builder like most traditional UK betting sites.

Spread betting is a new take on classic sports betting that aims to reward punters when they are more correct. If you bet on the over/under in a football match, if there are two, three or four more goals scored than the total, you win 2x, 3x or 4x your stake.

The opposite is also true, and you can lose more than what’s in your account. So, while your downside is hypothetically unlimited, a team cannot score negative goals; therefore, for the 2.5 goals over/under market, you are limited to losing 2.5x your initial stake.

If that sounds too complicated or you’re just looking for traditional fixed odds, don’t worry. Our Spreadex sportsbook review tested both platforms. We thoroughly enjoyed the traditional side of the Spreadex betting site with its live betting console, bet-builder and integrated online casino.

During our Spreadex review, we found the bookmaker has one of the better live betting sites because it lets you choose between traditional markets or spread markets. This variety in bet types allows savvy live bettors to maximise their profit potential and presents unique hedging opportunities.

Payment Methods

There are several deposit methods available at the Spreadex sportsbook cashier. However, you won’t find any eWallet services like Neteller, Skrill or Ukash. Check out our list of PayPal betting sites if you want to use an eWallet.

If you don’t mind using debit cards, there are plenty of choices available. You can choose from Visa, Switch/Maestro, Mastercard or direct debit options. If you’re a high roller, you can also write a cheque or, seeing as Spreadex is one of the top bank transfer betting sites, you can conduct a bank transfer for larger transactions.

The minimum and maximum deposit limits are around the standard for the industry, though you can open a line of credit through the Spreadex financial assets platform. We don’t recommend this unless you’re a professional trader.

Processing times are reasonable for debit card and bank transfer options. It’s worth pointing out that Mastercard withdrawals are limited to £2,500 per transaction, though unlimited transactions are possible per day. Other debit cards have a limit of £25,000. You must withdraw to the card you deposited with.

Customer Service

Though you hopefully won’t need to use it often, the customer service at betting sites can make or break your entire experience. During our Spreadex review, the support we received was first class. The response times were within expectations and the live chat client worked a charm.

What we were a bit disappointed during our Spreadex review with was how limited the opening hours are. People are making wagers 24 hours a day, and there is usually a foreign currency market active somewhere at any given time. Round-the-clock support is the standard we use for rating operators.

Otherwise, the Spreadex support team was pleasant, knowledgeable and friendly, three qualities you want in a sportsbook’s customer service. The reps can help you with everything from account issues like ID verification to technical questions like connection problems.

About Spreadex

Spreadex was founded in 1999 to make financial spread betting (payouts based on the accuracy of the wagers) more accessible. It launched the Spreadex sportsbook and online trading platform in 2006. It then followed with a traditional fixed odds sportsbook in 2010.

The company is still privately held. It employs over 100 people and has been listed several times on Price Waterhouse Cooper’s “Profit Track 100”. It also won several sports betting awards, including the Best Sports Betting Provider at the 2016, 2018 and 2020 City of London Wealth Management Awards.

Plus, you know it’s safe because it’s licensed by the Gambling Commission (UKGC) under licence number 8835. The UKGC oversees and regulates the gambling industry in the UK to ensure fairness, transparency and legal compliance.

Conclusion – A Superb Spread Betting Site

We must admit it took us a while to familiarise ourselves with the ins and outs of spread betting for this Spreadex review. Once we did though, we were enthralled with its unique take on punting and how it presented diverse ways to gamble on sports while increasing potential rewards.

The only place we docked points was in the support department due to the operator’s severely limited opening hours. Otherwise, Spreadex easily scored maximum points in several other departments due to its high quality, ease-of-use and extraordinarily fair bonus terms and conditions.

Spreadex Unique Fixed Odds Betting VISIT SITE!

Frequently Asked Questions

While we try to make all our operator reviews as in-depth as possible, our readers occasionally have more specific questions. We answered the most popular ones in the section below. If you have any other comments or concerns, contact us at info@bestbettingsites.co.uk.