Based in the UK and trading since 1999, Spreadex combines traditional fixed odds with spread betting, making it suitable for specific preferences. The platform has good horse racing coverage, attractive football odds and gives you nice bonuses at the start. Find out from our review what other benefits Spreadex offers and how to take advantage of them.
Spreadex Pros & Cons
- Spread and fixed odds betting
- Great customer support service
- Bet Builder
- An excellent blog about sports that covers a range of topics from football and horse racing to golf
- Financial betting in addition to sports betting
- A small number of sports
- A mediocre range of betting markets to bet on unpopular events
- A limited number of payment methods
Spreadex: Editorial Rating
Spreadex Free Bets & Promotions
Get £50 in Bonuses
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 Sports and Markets
Spreadex UK offers a wide range of sports and events for customers to bet on, including:
Football. 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.
Horse Racing. 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.
Tennis. 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.
Spreadex Payment Methods
Here’s a table summarising Spreadex’s deposit options, minimum deposit and maximum withdrawal limits, and fees:
| Deposit method | Withdrawal time | Fees | Min. deposit, £ | Max. withdrawal, £ |
|---|---|---|---|---|
| Card (Visa/Switch/ Maestro) | 1–5 business days | No | 1 | 25,000 |
| Mastercard | 1–5 business days | No | 1 | 2,500 |
| Bank transfer | 1–3 business days | No | 1 | N/A |
How to Make a Deposit to Spreadex
Here is a step-by-step guide on how to make deposits to your Spreadex account:
- Click on the “Payments” button located on the dashboard.
- Choose your preferred deposit method. The spread betting site accepts UK debit cards (Visa, Switch/Maestro), bank transfers, and cheques.
- Enter the deposit amount and follow the instructions provided by the deposit method to complete the transaction.
- Once the deposit is successful, the funds will be added to your Spreadex account balance.
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.
How to Withdraw from Spreadex
You can withdraw money from your Spreadex account in the following steps:
- Go to “My Account” and click “Withdraw Funds”.
- Enter the amount you wish to withdraw. The minimum withdrawal amount is £5.
- Choose one of your preferred withdrawal options. Spreadex offers making withdrawals to the card used to deposit funds, cheques, and bank transfers.
- If you choose to withdraw to a card, the funds must be returned to the card used to deposit funds. The maximum withdrawal limit is £25,000 (except for Mastercard, which has a limit of £2,500).
- International bank transfers and transfers in currencies other than sterling may be subject to additional charges.
- Follow the instructions provided by the withdrawal method to complete the transaction.
- Once the withdrawal is successful, the funds will be removed from your Spreadex account.
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 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.
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:
- Live streaming. Matches with streams are marked with a play button icon, allowing users to easily find and watch live broadcasts of their favourite sports and events. You can also view the schedule of upcoming broadcasts on television.
- Infographics and statistics. Customers can view diagrams with the results of the last games of the opponents, approximate line-ups for upcoming games, tables, and other relevant information.
- Cash Out. With Spreadex’s Cash Out feature, you can secure a profit or minimise losses during In Play betting. The amount offered for Cash Out depends on what’s happening on the field.
- The Bet Builder feature. Customers can create one-of-a-kind bets in real-time based on their own predictions and preferences.
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.
Customers must have a funded account or have placed a bet within the last 24 hours to watch all horse races. Esports streams are free to watch for all authorised players.
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:
| Developer | Spreadex Ltd |
| Software | Android, iOS |
| Age limit | 18+ |
| Language | English |
| Currencies | GBP |
| Depositing methods | UK debit card (Visa, Switch/Maestro), bank transfer, Ccheque, Direct Debit |
| Withdrawal methods | Card or bank transfer |
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.
Conclusion
Overall, the Spreadex sports betting platform is a solid sports betting provider with a range of features and services that are suitable to both novice and experienced punters. This is one of the companies that offer spread betting options that provide a unique way to approach sports betting, and its fixed odds betting options offer an opportunity to bet at competitive odds. The fixed odds betting platform also provides a user-friendly platform.
One of the major strengths of the Spreadex spread betting platform is its generous Welcome offers.
On the downside, Spreadex’s limited market coverage may be a big no for some punters, as they do not offer as many sports and events as some other bookmakers. Additionally, the company’s website and mobile app could benefit from a more modern design and layout.
Spreadex Frequently Asked Questions
Is Spreadex Trustworthy?
Spreadex is a secure sportsbook, licenced and regulated by the UK Gambling Commission and it takes security seriously, using the latest encryption technology to protect customer data and transactions.
How To Place A Bet at Spreadex?
Log in to your account, select the sport and event you wish to bet on, and enter your stake. Choose from sports fixed odds betting or spread betting options.
Does Spreadex Do Cash Out?
Yes, Spreadex offers the Cash Out feature. It can be useful for managing your risk and securing your winnings.
Is There A Spreadex app?
Yes, Spreadex offers a mobile app for iOS and Android devices, allowing users to place bets on the go. The app provides access to all the features and services available on the desktop site, including live streaming and the Bet Builder.
