Founded in 1999, SpreadEx was the first bookie to offer both spread and fixed odds betting on the same platform. SpreadEx is licensed and regulated by both the UK Gambling Commission and Alderney Gambling Control Commission, with their headquarters being found in Hertfordshire. SpreadEx made the move online in 2006, with their reputation having only grown ever since. This SpreadEx review will outline all of the major market and features on offer to punters, while also discussing how the bookie performs when it comes to payments, customer service and security.
Spreadex is taking a different approach to welcome offers then any other betting site.New customers at SpreadEx can claim either up to £300 in cashback or a iPad 10.2 Inch Wifi 32GB within the first 28 days of signing up. Punters staking £300 or more on sports spread betting markets will have the choice between the two rewards, meanwhile, those staking less than this amount will see the total spend 100% matched in the form of cashback. Upon reaching the £300 mark, punters must email or call SpreadEx to specify which reward they prefer.
For those looking to take advantage of the SpreadEx sign up offer, the following is a step by step guide for potential customers:
A large amount of qualifying markets are available, including on horse racing, football, cricket, greyhounds, golf, tennis, NFL, Rugby Union, Rugby League, basketball, darts and snooker. Only pre-match bets placed within 28 days of registering will be eligible. In terms of terms and conditions, those using a credit limit must clear any negative balance before cashback or iPad’s are awarded. Meanwhile, punters have 30 days in which to claim their reward after meeting the qualifying terms.
Just a small number of ongoing promotions are found at SpreadEx, however they are still well worth taking advantage of. Such promotions do change from time to time, however the following offers were available at the time of writing this SpreadEx review:
Punters placing 3 sports spread bets on the same listed qualifying markets, will be able to place 4th spread bet on the same market spread-free. This offer can be claimed as many times as you wish on listed sports markets, as long as you meet the qualifying conditions. For example, three football spread bets are placed on a Saturday morning, with stakes being at £20, £10 and £20. A fourth bet of £10 could then be placed at the mid-point of the spread.
Recommend SpreadEx to friends in order to be in with a chance of earning a free bet. Upon your friend opening an account, they must mention your name and postcode during their welcome call from SpreadEx. Then, they must place x5 sports bets, at a minimum stake of £2. Once these steps are complete, existing customers will be able to place a £100 total goals spread by tapping on the “Claim as Free Bet” option.
The SpreadEx mobile app is available to both Android and iOS customers. The relevant download links are accessible via Google Play and the App Store respectively, with the app featuring all of the same markets and features as the SpreadEx desktop site. Requiring about 25MB of memory space, the app is very efficient, catering well for customers who are constantly on the go. The app features PIN login, bet builder and live streaming, while all markets are easily accessible, thanks to a clever design and interface. For those not wishing to download the SpreadEx app, the SpreadEx sports betting site has also been optimized for mobile browsers.
The SpreadEx app makes betting on the move easier than ever, with the following steps being required for punters to get their hands on it using Android devices:
The SpreadEx app is also readily available to iOS users, with the following being the process required to download it on iPhones and iPads:
For those downloading the SpreadEx app, a host of features are available. Adding to the overall user experience, the following are the standout features available to mobile customers at SpreadEx:
Full, partial and auto cash out is available at SpreadEx. Auto cash out means that bets will be settled upon reaching a pre-determined amount of profit. Meanwhile, the partial cash out feature means that a proportion of winnings can be taken home, with the remainder being left active. Cash out at SpreadEx is available on selected sports markets.
The ability to watch sporting events as they play out is undoubtedly one of the biggest selling points of SpreadEx. A host of sports feature, including football, horse racing, snooker, basketball, motor sports and more, with streams being available on both desktop and mobile. A funded account or small stake is required in order to gain access to streams, with many being accompanied by commentary.
The Bet Builder feature makes it possible for punters to create their own spread and fixed odds football bets. A host of different markets can be added in order to create your preferred wager.
The SpreadEx blog delivers regular articles from the sporting world, which can be useful for punters looking to stay up to date with the latest news.
Some 20 different sports are available to bet on at SpreadEx, which while not being as many as many leading bookmakers, is still fairly impressive given the type of platform in which they have developed. With that being said, the following are among the standout sports markets available at SpreadEx today:
Football is undoubtedly the biggest sport at SpreadEx, with all major leagues and competitions being covered, along with less well-known tournaments from countries including Romania, Bolivia and Panama. Premier League matches come with over 400 different markets, with pre-match statistics helping punters in their decision making. Meanwhile, the bet builder app can be used to create your perfect bet.
Meetings from around the world are covered, including daily races from the UK & Ireland, along with leading events from France, the United States, Australia and the Middle East. Live streaming accompanies many horse racing markets, while information including weight, age and trainers is available.
Cricket is another sport that SpreadEx has put a great deal of emphasis upon. Test, ODI and T20 matches at both an international and domestic level can be bet on, with punters being able to place fixed odds bets on the next man out, innings runs, next method of dismissal and match winner.
Everything from the four Grand Slam tournaments to weekly events from the ATP and WTA Tours are found at SpreadEx. Most matches come with 50+ markets, including match, set and game options. Many matches can also be viewed live through the SpreadEx live streaming service.
Bets can also be placed on CS:GO, Dota 2, FIFA, League of Legends and other Esports titles at SpreadEx, with the bookie having been one of many that has played close attention to this increasingly popular market. Match and map winners are the most common markets, while handicap and totals options are also available in some cases.
Aside from the sports above, bets can be placed on events from the world of American Football, basketball, boxing, darts, golf, greyhounds, handball, ice hockey, rugby league, rugby union, snooker, table tennis, UFC and volleyball. Meanwhile, a good number of political and entertainment markets are on offer, along with daily virtual sports betting markets.
Along with their spread and fixed odds betting opportunities, SpreadEx also offers hundreds of casino games, which all come from reliable and entertaining software providers. Popular slot titles here include Starburst, Gonzo’s Quest and Divine Fortune, while Roulette and Blackjack are also on offer. There are currently no live dealer titles to select from. A dedicated SpreadEx Casino app is also available to Android and iOS users, while a financial trading app is also available.
Payments at SpreadEx can be made in GBP, USD and EUR, with punters in the UK being able to deposit funds via debit card, bank transfer or cheque. Unfortunately, no e-wallets are available at SpreadEx, meaning that those familiar with using PayPal, Neteller and Skrill must find an alternative payment method. Deposits are instant, apart from when using a cheque, which takes between 3-5 days. Withdrawals start at £10, with such transactions normally being processed within 3 days.
Support at SpreadEx is available over the phone, via email and through live chat. However, the fact that it is not available 24/7 is a disappointment. Customer service hours are listed as between 8am and 5:30pm, which will obviously not cater for those who are active in the evening and during the night. However, testing of the bookie in this area did find that response times were good during working hours. On top of this, a detailed FAQ page is on hand via the SpreadEx app, delivering useful information surrounding spread betting, accounts and technical issues.
Is SpreadEx safe? The fact that SpreadEx holds gambling licenses from trusted authorities means that they will have already undergone strict testing in this area. The bookie is regulated by the Financial Conduct Authority, the Gambling Commission and Alderney Gambling Control Commission, with the former keeping an eye on their spread betting offerings. The bookie also ensures for the safety of its customers and their details by using encryption technology.
Having been established in 1999 in Dunstable, Bedfordshire, by former dealer Jonathan Hufford, SpreadEx relocated to Hertfordshire in 2008. Its online sports betting platform went live in 2006, while a fixed odds betting service was added some four years later. From 2006 to 2009, SpreadEx was listed on the Sunday Times PriceWaterhouseCoopers Profit Track 100 list. The SpreadEx online casino was then launched in September 2011. SpreadEx has won a host of industry awards over the years, including Best Mobile Trading Platform, Best Spread Betting Platform and Best Spread Betting Operator.
SpreadEx is certainly an operator that caters for the masses, with a host of sports betting opportunities being available to punters in the UK. The SpreadEx sports betting app offers the perfect platform for mobile bettors, with features including live streaming, cash out a bet builder making wagering here an enjoyable experience. Improvements can potentially be made when it comes to payment optoions and customer service, however SpreadEx is certainly a platform worth checking out for yourself.