Spreadex - Review

Spreadex is lesser known betting exchange that also has an online casino and is licensed in the United Kingdom and in Alderney.

Summary

Pros

  • Offers spread betting and fixed odds betting
  • A decent website design
  • Spread betting assistance
  • Live betting
  • A few customer support options

Cons

  • A relatively small number of sports covered

History

Spreadex is a popular online sports bookmaker from the United Kingdom. Spreadex was launched in 1999 and today, this brand is one of the leaders in the field of spread betting in the UK even though their fixed odds betting offer is attractive too. Spreadex is operated by Spreadex Ltd and comes with a license issued by the UK Gambling Commission. Even though it doesn’t have many sports in its offer, the great odds and the unique betting concept makes this site an attractive option.

Betting on Sports

As we have already mentioned, Spreadex is not the best sportsbook on the Internet when it comes to the selection of sports offered on the site. The limited number of sports is compensated with the wide range of matches that are covered by the bookie. Namely, in sports like football, for example, they are covering a few UK leagues, almost all European leagues, and many global football leagues and competitions including some less-known leagues like the Indian Super League for example or the Brazilian Serie B league.

Another great thing that we should mention is the high number of different bets per match available to players. For example, you can easily place bets on the number of total goals/points, bookings, corners, first goalscorers, half-time/final-time results, outright winners, penalty performance and many other things that will make this activity more exciting and potentially more profitable.

It is obvious that Spreadex has invested a lot in their in-play, live betting section because this is the first thing you’ll see on their website once you load the homepage. All the sports that are covered by this online bookmaker are included in the in-play section.

Although the list of sports that you can bet on Spreadex is not long, we will list all of them to help you figure out whether this online bookmaker is a good choice for you or not.

  • American Football
  • Baseball
  • Basketball
  • Cricket
  • Darts
  • Football
  • Golf
  • Greyhounds
  • Horse Racing
  • Handball
  • Ice Hockey
  • Motor Racing
  • Rugby Union
  • Snooker
  • Tennis Volleyball

As you can see, the list is not very long, but you should know that it’s not just sports events that you can bet on when you are using Spreadex. Namely, this site has decided to include other events in their offer. For instance, you can bet on politics and who will win the elections. There are also virtual sports like football, horse racing and badminton to bet on. Finally, there are special events too.

Welcome Bonus for New Players

Spreadex has decided to come up with a really unique welcome bonus offer for new players. Namely, every new player that has opened a betting account on this website and placed a specific stake level of the qualifying sports (each of them has a different type of bet offered) will get a chance to win an iPad 32 GB Wi-Fi or iPad Pro 10.5’’ 64GB Wi-Fi. It all depends on the size of your stakes. You will have to contact their customer support for instructions. Remember that there is no need to meet the typical wagering requirements to get a prize.

Customer Service

Spreadex has a customer service that can be reached in a few different ways. The only thing that’s missing in their customer service is the opportunity to contact them via live chat. Yet, they have a free phone line, a landline, an overseas phone, an email address, and a physical address. In addition, Spreadex has a well-developed FAQ section where players can find answers to most of their questions. To summarize, you can get in touch and get support on Spreadex via:

  • Phone
  • Email
  • Mail

Where to play

Just like every modern, reliable online sportsbook, Spreadex comes with a mobile-friendly design. In other words, you can use this website on your desktop and laptop computer as well as on your mobile device and you will have the same experience. Mobile users can use their browser to log on the website, but they can also download an application. Spreadex has created a mobile app for Android and iOS users. iOS users can visit the official Apple App Store to download the app while Android users can download the application directly on the website.

Licensing

Spreadex is a spread betting and fixed odds betting site with one license. This license is issued by the UK Gambling Authority.

Ownership

Spreadex is owned and operated by Spreadex Ltd. This is a British-based company regulated by the Financial Conduct Authority and located on Churchill House, Upper Marlborough Road, St. Albans, Hertfordshire, UK.

Frequently Asked Questions

Question: Does Spreadex take US players?

No. US players can’t use Spreadex to place bets of any kind. In fact, this online bookmaker has a long list of restricted countries.

Question: Does Spreadex take Bitcoin or any other cryptocurrency for payments?

No. Spreadex doesn’t accept Bitcoin or any other cryptocurrency at this moment. As a matter of fact, Spreadex doesn’t offer too many payment options to its users. Before you join this website, you should know that it accepts payment methods like UK debit cards (Visa, Switch/Maestro), credit cards (Visa, MasterCard), bank transfer, cheque, and direct debit. Unfortunately, they don’t accept third party payments and deposits from e-wallets like Neteller, PayPal, Skrill and Ukash.

Question: Does Spreadex offer online poker or bingo?

No. Spreadex doesn’t have pages dedicated to poker or bingo, but it has a casino section where you can find slots, live casino games, roulette, blackjack, and other games. They also have a financials betting section.

Question: Is there a VIP & loyalty rewards program for frequent players?

No. Spreadex doesn’t have a VIP or loyalty rewards program designed for existing players who are active on a daily basis.

Question: Is there a signup bonus?

Yes. But, unlike many other online sportsbooks, Spreadex is not offering cash prizes and bonuses. The only thing that you can expect from this sportsbook is a participation to a lottery-style game where you can win iPads. The model of iPad that you can win depends on the size of your stakes. Keep in mind that you must place specific bets on specific sports in order to become part of this bonus game.

Question: Are there any other bonuses available on Spreadex?

Yes. Besides the unique welcome bonus, Spreadex is offering a few other bonuses. For example, you can use the spread-free bets bonus. In order to use this bonus, you have to place 3 sports spread bets to get a 4th bet spread-free. This bonus is available only for limited sports markets. Every now and then they are offering specially designed bonuses related to special events.

Question: Does Spreadex have an Android or iOS app for betting?

Yes. In order to meet the needs and requirements of mobile users, Spreadex has created a mobile app. Actually, there are two versions of their application which are designed for Android and iOS users.

Question: Can I use Spreadex bonuses at the casino?

No. You can’t transfer bonuses from the sportsbook to the casino and vice versa.

Question: What resources does Spreadex offer to help problem gamblers and for self-exclusion?

Spreadex has adopted a special responsible gambling policy. They are committed to responsible and safe gambling and they are using a few mechanisms to help compulsive gamblers and bettors. For example, they have created fixed odds and casino deposit limits. There is also a timeout option which let you take a short break from using their betting service. In addition, they have created a detailed guide to self-exclusion. Spreadex is offering access to a few organizations too. 

Question: Does Spreadex have a Refer a Friend program?

Yes. Spreadex has created a Refer a Friend program that is available to any user. You should tell your friend about Spreadex and they should register based on your referral. After that, they must win or lose at least $20 with a $2 min. stake. After placing five qualifying bets, you will get a risk-free $100 total goals spread bet.

Question: How long does it take to receive a withdrawal from Spreadex?

Spreadex doesn’t have many payment options. When it comes to withdrawals, these requests are handled fast. It usually takes between two and five working days to process a debit/credit card request. In addition, bank transfers are processed within two working days.

Question: What are the odds formats available on Spreadex?

Players on Spreadex can choose from two different odds formats – decimal odds and fractional odds. 

Question: Does Spreadex provide help to bettors that want to make better-informed decisions?

Yes. Spreadex has developed a nice system that helps players make well-informed betting decisions. They have a sports betting blog where you can find fresh previews, weekly sports update section, a useful archive, and celebrity spread better tips.

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