November 30, 2021 By N. Vasiljevic
LICENCE NUMBER: 8835
Spreadex offers sports spread betting, fixed-odds betting as well as financial spread betting. And while its financial platform has been showered with praise, our Spreadex review focuses solely on the company’s excellent sportsbook. We’ll walk you through some of the odds, check out the promotions, and get a better sense of the overall feel.
Pros / Cons
Offers both fixed odds and spread sports betting
20+ years of experience
Variety of sports
Great mobile app
Two welcome bonuses
Few deposit options
Founded in 1999, Spreadex initially started out as a financial trading platform. In 2006, the company expanded its operations and launched a sportsbook. In our Spreadex sportsbook review, we’ll delve deeper into everything this section of the site has to offer.
Spreadex is unique in more ways than one. For instance, the sportsbook offers both fixed odds and spread sports betting, giving you an immense amount of flexibility and the potential to significantly boost your winnings.
Spreadex is regulated by both the Financial Conduct Authority, which oversees the financial section, and the UK Gambling Commission that provides a license for the sportsbook. In addition to covering all the bases from a legal standpoint, the venue offers separate welcome bonuses for fixed odds and spread betting and a plethora of other promotions.
We started our Spreadex bookmaker review by examining the registration process. This isn’t anything you haven’t seen before if you’ve gambled in the UK.
Like with most UK sportsbooks, you’re required to provide some personal information, including your full name and email address. You’ll also be asked to choose a password and disclose your country of residence and nationality.
You’ll then be taken to the next page where you’ll need to provide your DOB, phone number, and physical address. You’ll also need to say how long you’ve been living at that address.
To gain access to Spreadex spread sports betting, you’ll have to give out even more sensitive information. Due to the high risks surrounding spread betting, regulators like the UKGC require betting operators to check whether the bettor is in good enough financial standing to take part.
Therefore, the questions you’ll have to answer revolve mainly around your income and assets. You’ll need to provide your employment status, net income, and details about any savings and property. You can also set a credit limit for your account during the verification process.
On top of that, you’ll have to provide a scan of your photo ID and wait for the operator to verify your account. Once the process is complete, you’re free to bet.
Spreadex bonus offer
Spreadex offers several generous sportsbook bonuses. There are two welcome bonuses – one for fixed odds and the other for spread bettors – as well as a few extra promotions to keep you entertained throughout the week.
Let’s start with the fixed odds bonus. This Spreadex welcome bonus rewards players with £35 in free bets if they place a qualifying fixed odds wager. In order to qualify, you need to place a £25 fixed odds bet at minimum odds of 1/2. This bet cannot be placed in-play or cashed out early.
The free bets are handed out in £5 increments each day for five consecutive days. On top of that, you’ll also get two free £5 Total Goals spread bets if you have a spread betting account. These free bets come with zero wagering requirements, meaning you’ll be able to withdraw any winnings immediately.
Of course, this is only one of two new player Spreadex bonuses. The second is designed for spread betting account holders. As you might have guessed, you can only redeem one welcome bonus.
To qualify for the spread welcome bonus, you need to have a verified Spreadex spread sports betting account. Once you get that settled, you’ll need to place a £10 fixed odds bet at minimum odds of 1/2 to get the 2 x £5 free Total Goals spread bets. Furthermore, if you stake at least £300 on qualifying sports spread betting markets in the first 28 days after opening your account, you’ll receive either £300 or a free iPad.
Aside from the welcome bonuses, Spreadex features other promotions as well. There’s a friend referral system in place, as well as ways to earn spread-free bets on the site.
Sports markets selection
The Spreadex sports betting selection is truly immense. There are more than a dozen sports available, with pretty much every major league covered. Of course, as is usually the case with UK sportsbooks, football takes center stage with Premier League promotions that are hard to ignore. Other notable sports include horse racing, basketball, tennis, cricket, and e-sports.
Spreadex has recently introduced live streaming on the site. This is always an invaluable asset as it allows you to watch the games you’ve wagered on even when you’re not in front of a TV or when you don’t have access to certain sports channels.
Available Betting Types
Our Spreadex review also examined the list of betting types. We were pleased to see that the site offers all kinds of bets. Aside from the usual 1X2, there are multi bets, draw no bet, handicaps, under/over, exact goals, cards, corners, and much more.
If you have a spread betting account, you can easily toggle between spread and fixed odds at the click of a button.
Depositing at Spreadex
One area where Spreadex falters is the selection of transaction methods. You can only deposit with these UK debit cards: Maestro, Visa Debit, Visa Delta, Solo, Electron, and Debit Mastercard. Alternatively, you can use the Pingit app, cheque, or bank transfers to make deposits.
According to Spreadex sportsbook banking data, £10 is the minimum deposit amount (or your currency equivalent). Deposits are usually instant except for bank transfers which take a little longer.
You can only use debit cards or bank transfers for withdrawals. Withdrawals take between one and three business days to process. The good news is that there are no withdrawal limits, so you can withdraw as much – or as little – as you wish.
In our Spreadex review, we’ve also paid special attention to how it feels to play on the site. The site’s visuals really won’t turn any heads, but the overall design is satisfactory, with a clear interface and solid performance even with slower connections. The sportsbook is also well-made, with no glitches or slowdowns.
There’s also a native Spreadex app you can download to play on the go. Spreadex offers two separate apps for its sportsbook and financial platform, so you don’t have to worry about it being full of features you don’t need.
Spreadex Security and Safety
Spreadex operates under the UKGC gambling license number 8835. The site employs all the latest security measures to protect your privacy. This includes advanced encryption and other safeguards that are GDPR compliant.
As per regulation, the site also features a self-exclusion mechanism and all other tools needed to guarantee a safe betting environment.
Spreadex customer support can be reached via email, phone, and live chat from Monday to Sunday between 8:00 a.m. and 5.30 p.m. The support staff is helpful and polite, offering quick and efficient solutions to any problems users face.
All in all, Spreadex is a reliable sportsbook with an interesting twist; it combines fixed odds and spread sports betting with a financial platform. The sportsbook’s generous bonuses come with zero wagering requirements, and the site supports nearly every betting type imaginable.
The only downside we came across during our Spreadex review is the lack of extra deposit/withdrawal options, but that can be overlooked given the site’s many other qualities.