Spreadex Bonus & Review

By prioritising and pioneering spread betting on its platform, Spreadex has carved out a unique position for itself in the sportsbook world, offering both traditional fixed odds betting and this more nuanced approach. This dual-style offering is what sets this sports betting site apart from so many of the other brands currently out there, with Spreadex allowing users to implement and utilise strategies that are more flexible. It’s not just this that has made this sportsbook such a well-known and respected name; however, it also offers a whole host of other features and bonuses, all of which we have broken down at Racing TV to give a more holistic view of this platform. 

1999 was the year in which Spreadex was first founded, with this UK-based bookmaker specialising in both spread betting and fixed odds betting. The platform that this site boasts is innovative, something that has seen its notoriety and popularity rise over the years. What is most unique when compared to other betting sites, though, is that Spread Ex caters not only to sports enthusiasts but also to financial traders at the same time. It is due to this approach that Spread Ex has won the “Spread Betting Platform of the Year” award on 3 separate occasions to date, with the site placing an emphasis on accessibility and an overall smooth experience for its users. 

To create an account at Spreadex, there are only a couple of key steps that are generally straightforward and quick to complete.

Spreadex offers an extensive range of horse racing betting markets, including events from the UK, Ireland, and other international circuits. For those who prefer to wager on horse racing results, there are all your most frequently featured options including win, each way and place bets, all of which have their own unique odds. 

In terms of the more nuanced horse racing betting markets that Spreadex has on offer, though, users can find both the ‘lengthen the odds’ and ‘w/o horse’ options. The former of these allows bettors to predict which horse they think will win, needing to do so by a certain margin, with the latter instead adjusting the odds of all other horses by removing the starting place favourite from the equation. There are even ‘Insurance’ options available at Spreadex, too, with this potentially refunding bettors with their full stake or a portion of it should their selected runner finish in a number of pre-specified places.

For all races and events, each one at Spreadex will have its own dedicated race card filled with horse racing tips and other pieces of potentially useful insight. Displaying the jockey, form, age, weight, and even the pedigree of the runner adds to the experience this platform presents. Furthermore, to keep things running smoothly for bettors, all races are categorised by both the time of the race and the racecourse in which they are taking place. 

Across all sports and events, Spreadex delivers competitive odds, with the way in which these are presented on-site being easily toggled through the settings menu, allowing users to select between American, fractional and decimal formats. The odds for fixed odds betting align with industry standards, reflecting probabilities accurately and mirroring those found on other sites. As for the more nuanced spread betting options, however, these provide more unique opportunities with this defining component of the site, allowing users to implement more diverse betting strategies should they wish to do so. 

What’s more, some events will even allow users to bet on starting prices as opposed to just the odds available at certain times, with this option clearly being outlined on horse racing racecards for this sport specifically. 

For users at Spreadex, there are a handful of bonuses that could potentially be claimed, with one of these being their main sign-up bonus. With it being a sign-up bonus, this is only available for new users of the site; however, this could mean up to £50 in bonus funds being awarded. For this to be possible, users must first claim this offer before placing a £25 bet on a fixed odds selection at odds of ½ or higher. Once the qualifying bet has been backed, users could revive 5x £5 fixed odd free bets as well as 4x £5 free spread bets. This is without mentioning the additional 50 free spins users could receive with this welcome bonus, too!

There are also free bets that could potentially be claimed by existing users at Spreadex, too. If users place 3 spread bets on the same sport within a 10-minute period. as well as placing a 4th spread bet on the same markets at the ‘midpoint’, this may see users claim additional free bet credits. What is most unique about this promo is that it can be claimed multiple times; however, only certain markets and sports are eligible for the initial qualifying wagers. 

The ‘Acca Boost’ is another bonus provided by Spreadex, a unique promotion that could be utilised by all players. Should a selection have between 3 and 20 different legs, users could see the odds of their bets being boosted between 5% and 100%, depending on the number of selections. 

✔ Good value welcome bonus with up to 8 free bets being able to be claimed.

✘ Qualifying amount is higher than most other sites. 

In terms of features, one that Spreadex has built its reputation off the back of is the spread betting portion of the platform. This allows users to bet on the outcome of a market rather than just the fixed odds of a specific result. Here, users may choose to predict whether the result will be higher or lower than the spread originally set by Spreadex, with this being available for a whole myriad of sports and other events, including horse racing. 

Another betting feature at Spreadex is ‘First Past the Post’. If your chosen horse passes the finish line first, this sees the platform payout, regardless of any subsequent changes that may be in relation to the race result, such as the runner being disqualified. 

If you are someone who frequently utilises Lucky 15, 31 or 63 bets, you may appreciate the ‘Lucky Double Odds’ feature at Spreadex. If one of these bets settles with just one winner, this could see the odds of this selection be doubled! 

The ‘2nd To A Rag’  insurance feature is another creative one offered by Spreadex. This could see users have their stake refunded in the form of horse racing free bets in the case their runner comes 2nd to a horse with a starting price of 33/1 or higher. 

In addition to all of this, Spreadex also allows bettors to cash their bets out early if they want to, thanks to the cash-out options available for a majority of markets. Alongside these sports betting markets, in-play betting is also possible, with odds adjusting in real time to mirror current events. What’s more, there are also live streaming capabilities available at Spreadex, which is certainly beneficial if you prefer to watch horse racing unfold directly on-site. 

One area at Spreadex that isn’t as advanced as the rest of the platform is the payment method department. Although users can quickly deposit and withdraw funds securely, the site currently offers a limited number of options. 

Debit cards are one of these, with this site supporting major ones such as Visa and Mastercard amongst some alternatives. When it comes to the payments for these options, these allow for instant processing with no additional fees being taken. The other payment method available at Spreadex is bank transfers; however, compared to the aforementioned option, it could take between 1-3 days for payments to be made from users' accounts. 

However, one of the most unique aspects of transactions at Spreadex is that there is actually no minimum deposit amount, something which is a consistent factor across all other major sportsbooks. However, as for deposits, the minimum amount listed on site is £50, with these having to be cleared funds. This is something that is related to the trading portion of their site; however, it still carries over to the betting portion. 

As for the customer support provided by Spreadex, this is an area of the site that is fully fleshed out. Prominently, in the bottom corner of both the site and the app is a large red ‘chat’ button that brings players to the live chat menu upon clicking it. Here, users can directly get in touch with a member of the Spreadex support team; however, it is worth noting that this is only possible within certain hours. If a support member is not available, users can still submit a message through this live chat menu, which will be responded to promptly.

In addition to this, users can also locate 2 different support numbers towards the bottom of the site, which allows users to call and speak to the help desk directly. What’s more, should users prefer to communicate through email, there is also an address for Spreadex that can easily be found, with all of these options combined to provide a compressive selection of solutions. 

Taking everything this platform has to offer into consideration, Spreadex manages to provide a well-rounded experience for users, with the innovative spread betting elements on site being the definitive thing that sets them apart from other sportsbooks. With these unique features, odds that remain competitive across all events and sports, and a platform that is user-friendly as a whole, Spreadex impresses in a number of areas, reaffirming its renowned status. 

✔ User-friendly site that clearly outlines fixed and spread betting odds. 

✔ Plethora of betting markets across many different sports. 

✔ Great value sign up offer with £50 in bonus funds.

✔ Wide selection of customer support tools and communication channels. 

✔ Creative betting features for horse racing markets especially.

✘ Minimum withdrawal amount is high at £50.

✘ Large qualifying bet required for the welcome bonus. 

✘ Only 2 main payment methods available.