Spreadex Review: £60 in Bet Bonuses, Spread Betting, App and Cashier Tested
Spreadex has run sports spread betting since 1999 and holds UK Gambling Commission licence 8835 for its fixed-odds sportsbook. It sits sixth in our table of the best UK betting sites. Below: how the £60 welcome package splits between fixed-odds and spread bets, why spread betting needs more care than a normal bet, a seven-method cashier that still accepts cheques, and apps rated 4.7 and 4.5.
Gambling Commission8835
Bet £10 Get£60in Bet Bonuses
- Why Spreadex ranks
- The only UK bookmaker offering sports spread betting alongside fixed odds
- Apps rated 4.7 on iOS and 4.5 on Android
- Live streaming of sport
- Football 2-Up early payout
6.9/ 10Overall score
- Welcome offer8.0
- OddsHand-priced
- Markets7.0
- Payments5.0
- App, in-play7.0
Scored against our five criteria. How the scoring works.
Full T&Cs apply. Place a £10 fixed odds single or £10 each-way bet at minimum odds of 1/2 and get 3 x £10 free fixed odds bets, 3 x £5 Total Goals football spread bets and 3 x £5 Winning Favourites spread bets and a £1 racing Race Index spread bet. Spread betting losses can exceed deposit. 18+ www.gambleaware.org. T&Cs apply. New customers only.
- UK licence8835
- Spread bettingYes, since 1999
- Min deposit£5
- Withdrawals1 to 5 days
Spreadex Welcome Offer: Bet £10, Get £60 in Bet Bonuses
Place a £10 fixed-odds single or £10 each-way bet at odds of 1/2 or longer and Spreadex credits three £10 fixed-odds free bets, three £5 Total Goals football spread bets, three £5 Winning Favourites spread bets and a £1 racing Race Index spread bet, £60 of bonuses in all. The 1/2 minimum odds are the lowest on our list. Half of the package is spread bets, where losses can exceed your stake, so a £5 spread bet is not the same as a £5 free bet. The offer scores 8 out of 10 for a £60 headline with no wagering, no deposit-method rule and no stated short expiry.
- Offer3 x £10 fixed-odds free bets, 6 x £5 spread bets, 1 x £1 Race Index spread bet
- Qualifying bet£10 fixed-odds single or each-way bet at odds 1/2 or longer
- Spread betsLosses can exceed your deposit
- WageringNone
Markets and Betting Types
Spreadex prices football, racing and the main sports at fixed odds and, uniquely among UK bookmakers, as spread bets: total goals, winning margins, bookings, corners and racing indices where the result decides how much you win or lose. Esports is priced and football accumulators pay out early when a team goes two goals up. The fixed-odds book covers 24 sports with 155 markets on a Premier League match and cash out. Spreadex is not in our price feeds, so the depth figure is our own count. Markets score 7 out of 10: 4 for breadth, 1 each for cash out, streaming and esports; the spread betting product itself is one our checklist does not credit.
Odds and Payout
Spreadex is not in either of the price feeds behind our monthly odds test, so it has no measured payout and the odds criterion is left out of its overall score until its prices are in a feed we can measure.
None
Overall score calculated on welcome offer, markets, payments and app until an odds measurement exists.
Mobile App
Spreadex has native apps on both platforms. The iOS app needs iOS 13 or later and is a 28MB download, rated 4.7 out of 5 on the App Store; the Android app needs Android 7 or later and is rated 4.5 on Google Play. Live streaming runs inside the app. The app scores 7 out of 10: 3 for both platforms, 2 for the store ratings, 2 for in-app streaming.
In-Play Betting and Live Streaming
Spreadex streams live sport to customers and takes in-play bets at fixed odds and on the spread, where the spread moves with the match.
- Live sports streaming
- In-play fixed-odds and spread betting
- Football 2-Up early payout
Payment Methods
Seven deposit methods: Visa debit, Maestro, Apple Pay, Google Pay, PayByBank, bank transfer and cheque, with withdrawals to card, Apple Pay, Google Pay, PayByBank, bank transfer and cheque. The minimum deposit and withdrawal are £5 and withdrawals take one to five days. No PayPal, no e-wallets, no Paysafecard.
Payments score 5 out of 10: debit cards 2, Apple and Google Pay 1, bank transfer 1, £5 minimum deposit 1. Nothing for PayPal or withdrawal speed.
Safe Betting and Responsible Gambling at Spreadex
Spreadex holds UK Gambling Commission licence 8835 and partners with GamCare, GAMSTOP, GambleAware, Gamblers Anonymous and Gordon Moody. Spread betting is also regulated by the FCA where it is a financial product.
Tools in your Spreadex account
- Deposit limits by day, week or month
- Time-outs from one day to six weeks
- Self-exclusion for six months to five years
- A gambling self-test in the account
Help outside the bookmaker
- GAMSTOP: one registration blocks every UK-licensed site, including Spreadex
- GamCare: the National Gambling Helpline on 0808 8020 133, 24 hours, and live chat at gamcare.org.uk
- GambleAware: self-assessment, advice and local treatment at begambleaware.org
- Gamban, GamBlock, BetBlocker and Net Nanny: blocking and filtering software Spreadex links to
Identity is verified before the first withdrawal. Spread betting can lose more than your stake, so set a loss limit before using the spread bets in the welcome package.
Our Verdict on Spreadex
Spreadex scores 6.9 out of 10 on four criteria. The welcome package is the largest on our list and the apps are among the best rated, and it is the only place in the UK to spread bet on sport. The cashier has no PayPal, withdrawals take up to five days, and odds are unmeasured while Spreadex is outside our price feeds.
What we like
- £60 welcome package with 1/2 minimum odds and no wagering
- Sports spread betting nobody else offers
- Apps rated 4.7 and 4.5 with streaming
- £5 minimum deposit
What could be better
- Spread bet losses can exceed your stake
- No PayPal or e-wallets
- Withdrawals up to five days
- Not in our price feeds, odds unmeasured
Alternatives to Spreadex
The three bookmakers ranked directly above Spreadex in our comparison this month.
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100% up to£50Deposit Match
- Wealth of markets
- Huge welcome offer
- Top quality platform
Visit Site18+. New customers only. Full T&Cs apply.Full T&Cs apply! New bettors. Select bonus at signup or use code SPORT. Wager deposit & bonus 8x. Max qualifying bet = bonus. Valid 60 days. Odds, bet & payment limits apply. T&Cs apply. 18+.
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Bet £5 Get£30in Free Bets
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Visit Site18+. New customers only. Full T&Cs apply.Full T&Cs apply 18+ New UK + ROI customers only. Certain deposit methods & bet types excl. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 6 x £/€5 free bets (selected sportsbook markets only, valid 7 days, stakes not returned). Restrictions + T&Cs apply. GambleAware.org Play Responsibly
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Get a£20Backup Bet
- Comprehensive live streaming
- Cash out + bet builder options
- Nice football promos
Visit Site18+. New customers only. Full T&Cs apply.Full T&Cs apply 18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 1/2 (1.5) for each selection | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned