As the name suggests, Spreadex are a company who were originally formed to offer spread betting to customers. As opposed to fixed-odds betting, this form of wagering is more volatile and involves a higher-risk approach to football matches by betting on markets such as Supremacy, Total Goals or even Player Goal Minutes. However, Spreadex have more recently created a fixed-odds betting operation which is growing quickly.
When it comes to the fixed-odds betting and casino at Spreadex, they are regulated by the UK Gambling commission. Having an account also means you can place spread bets although we recommend you fully understand this form of online wagering before going ahead with it. The spread betting arm is regulated by the Financial Conduct Authority and this is a long-established sports betting operator who are highly reputable.
Those customers who open a new Spreadex betting account can enjoy up to £25 in free bets to get them started. These are available in increments of £5 free bets and it means that you can secure 5 x £5 free bets as part of a welcome package. There are also welcome bonuses available when it comes to sports spread betting, casino and even financial trading although you should make sure of the terms and conditions.
Qualifying bet must be min odds of 1/2 and cannot be placed in-play or cashed out. E.g. Place a £20 bet at minimum odds of 1/2 on the first race of the day of the Tuesday of the Festival.When that bet has been settled, you will be given a free £5 fixed odds bet to use that day.You will then be given a free £5 bet on the Wednesday, on the Thursday and finally on the Friday.New customers only. See full T&Cs Apply. 18+ begambleaware
How to Claim Your Spreadex Free Bet
It’s important to try and claim a sports welcome bonus to get you started with an online bookmaker and Spreadex have a nice simple free bet offer which can be enjoyed by anyone who opens a new betting account. Up to £25 in free bets can be claimed and they come in instalments of £5 each time, with customers able to go to the well on five occasions.
How to Claim £25 in Free Sports Bets
- Create a New Spreadex Betting Account
- Make a First Deposit of £25 or More
- Place a £25 Fixed-Odds Single Bet
- Claim 5 x £5 Free Fixed Odds Single Bets
The £5 Free Bets are applied to your account on consecutive days. Therefore, if you sign up on a Monday and place a qualifying bet, then you will essentially get a £5 Free Bet every day all the way through to Friday. There is also the option to place a smaller qualifying bet than £25 and this works along the following lines:
- Qualifying bet £5 to £9 = 1 x £5 free bet.
- Qualifying bet £10 to £14 = 2 x £5 free bets.
- Qualifying bet £15 to £19 = 3 x £5 free bets.
- Qualifying bet £20 to £24 = 4 x £5 free bets.
Spreadex Bonus Terms & Conditions
When you place your initial qualifying bet, it’s important that this is placed at odds of 1/2 (1.50) or greater. Customers should also note that the qualifying bet can’t be placed In-Play and you will not qualify for any free bets if you decide to cash out your wager early. Therefore, place a bet and wait for it to be settled. The first free bet comes on the day that the bet is settled.
Other Offers & Promotions from Spreadex
For those customers wanting to try their hand at spread betting with Spreadex, there’s the opportunity to enjoy a very generous new customer offer although this is a different type of wagering to fixed-odds and you should be prepared when it comes to the risk associated. It is possible to set a stop loss when it comes to certain bets so you know the maximum that can be lost in a worst case scenario.
At present, Spreadex are offering customers the chance to land either £300 in cashback or alternatively an iPad 10.2 inch Wi Fi 32GB during your first 28 days with Spreadex. You need to place sports qualifying bets of at least £300 and then choose between the cash or the iPad. A lower amount staked during this time would still make you eligible for cashback.
Responsible Gambling Features
Spreadex clearly take responsible gambling very seriously. When it comes to Fixed Odds betting, customers are betting with an operator who is regulated by the UK Gambling Commission and that means that Spreadex have to adhere to the strictest regulations when it comes to making sure that customers are always betting within their means.
When you sign up with Spreadex, there’s an opportunity to set deposit limits which can be done on a daily, weekly or monthly basis. You will also be contacted by this sports betting site if you start betting a higher-than-average stake and there is also the chance to have cooling off periods where you don’t place a bet for a certain amount of time.
There is a whole section of the Spreadex website devoted to Responsible Gambling and this includes Timeouts and Self Exclusion, with customers able to take a number of measures if they feel as though their online sports betting is getting out of control.
Why You Should Bet with Spreadex
There are not many online bookmakers where you can enjoy the choice between fixed-odds and spread betting, although these type of markets sit side-by-side at Spreadex. The bottom line is that the majority of punters will prefer the more straightforward fixed-odds betting and there’s a brilliant array of sports and events which are covered on a frequent basis.
The £25 worth of free bets at Spreadex is a fantastic treat and you can unlock a £5 free bet on five consecutive days which is a great way to enjoy this bonus. There are lots of added extras with this bookmaker including football stats and a betting blog where you can get the latest information in your quest to strike some winning bets.