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Spreadex is one of the leading sports and financial spread betting platforms which also offers fixed odds betting as well as an online casino.
As well as Spreadex, Sporting Index the other big player in the spread betting industry. Both are extremely popular and the competition between the two often results in benefits for customers who receive competitive prices.
Those who have bet with bookmakers before will be used to fixed odds betting but spread betting can be overwhelming for many who haven’t had experience with it.
What Is Spread Betting?
Standard bookmakers offer fixed odds on a range of sporting events and markets. Spread betting works differently with the basis being that the more you are right with your bet, the more you will win. This also works the other way as the more you are wrong with your bet, the more you will lose.
For example, the spread for the Total Goals market in a football match may be 2.9 – 3.1 and you have the option to either BUY or SELL. If you think there will be more goals then you would BUY and SELL if you believe there will be fewer goals scored.
Let’s say that you BUY £10 per goal at 3.1. Here are the possible outcomes in terms of Profit & Loss:
- 0 Goals: -£31
- 1 Goal: – £21
- 2 Goals: – £11
- 3 Goals: – £1
- 4 Goals: +£9
- 5 Goals: +£19
- 6 Goals: +£29
- 7 Goals: +£39
- 8 Goals: +£49
As you can see, the more goals which are scored, the more profit you make. As your stake was £10, you will make £10 more profit for every goal scored over 3.1.
Many people prefer spread betting to standard fixed odds betting as you are rewarded the more you are right whereas with fixed odds betting with a bookmaker, you simply either win or lose.
SpreadEx Website
When landing on the SpreadEx homepage, you’ll have the option to enter the Sports Betting or the Financial Trading sections of the site. The sports betting section looks similar to a standard bookmakers website with a list of sports in the sidebar and a range of featured pre-match and in-play events in the main section of the page.
Navigation around the site is easy with all events in sports categories which can then be expanded to reveal the various available betting markets.
SpreadEx Fixed Odds Betting
As well as offering a leading spread betting platform, SpreadEx allows customers to place fixed odds bets just like at a regular bookmaker. The default setting on the website is for spread betting markets but this can easily be changed by clicking on the ‘Fixed Odds’ button on any sporting event betting page. By doing so, you’re able to flick between fixed odds and spread betting markets with the click of a button.
Sports & Markets
There is a total of 24 different sports available to bet on at SpreadEx will all of the most popular sports being covered. You’ll find more sports available at many bookmaker sites but for spread betting, there is an excellent range to choose from.
If you’re used to betting with a standard bookmaker then you’ll notice that there are betting markets available on SpreadEx which you may not have seen before. For example, for football matches, as well as being able to bet on correct score markets, handicaps and more, you can also bet on markets such as team or match performance where points are accumulated for each goal scored, corner taken, yellow/red card shown, penalty awarded and final score. The additional markets may seem overwhelming at first by it opens up several more possibilities when it comes to betting on sports.
Below is a list of sports available to bet on at SpreadEx.
| SpreadEx Sports |
| American Football | E-Sports | Politics |
| Aussie Rules | Football | Rugby League |
| Baseball | Golf | Rugby Union |
| Basketball | Greyhounds | Table Tennis |
| Boxing | Handball | Tennis |
| Cricket | Horse Racing | UFC |
| Cycling | Ice Hockey | Virtual Sports |
| Darts | Motor Racing | Volleyball |
SpreadEx App
In-play spread betting is extremely popular and so it’s essential that SpreadEx allow customers to bet when on the move or away from their PC. Thankfully, a SpreadEx app is available for both iOS and Android devices and allows access to all areas of the site including pre-match and in-play betting, banking, account settings and more. Users of the app can also place both fixed odds bets and well as spread bets.
As well as an excellent mobile app, the SpreadEx website is fully optimised for all mobile devices which allows customers who haven’t downloaded the app to bet using their mobile phone or tablet with ease.
SpreadEx Casino
As well as being able to place sports & financial spread bets and fixed odds bets, SpreadEx provides an online casino which hosts hundreds of games.
Although the selection of games isn’t as extensive as you would find at a dedicated online casino, there is a reasonable range with around 100 slots, various Roulette and Blackjack games as well as a Live Casino. Many of the top online slots are available such as Gorilla Kingdom, Vikings, Jumanji, Dead or Alive II, Starburst, Gonzo’s Quest and more.
The SpreadEx Live Casino currently only features Blackjack and Roulette tables but is a nice addition nonetheless.
SpreadEx Deposits & Withdrawals
Debit cards are the main deposit option at SpreadEx as unfortunately e-wallets such as PayPal, Neteller and Skrill and various other alternative methods are not available. Other than debit cards, customers can deposit via Cheque, Bank Transfer and credit on the condition of passing credit checks.
Withdrawal times are as standard with funds usually reaching accounts within 3-5 working days.
| Method | Minimum Deposit | Withdrawal Time |
| Debit Cards | £10 | 3-5 Days |
| Bank Transfer | £10 | 3-5 Days |
| Cheque | £10 | N/A |
| Credit | | |
SpreadEx Restricted Countries
SpreadEx welcomes customers from the UK and countries around the world with restricted countries listed below.
Belgium, Angola, Canada, Cambodia, Denmark, Guyana, Italy, Iraq, France, Kuwait, Spain, Lao, United States of America, Namibia, Singapore, Nicaragua, North Korea, Pakistan, Iran, Panama, Algeria, Papua New Guinea, Ecuador, Sudan, Indonesia, Syria, Myanmar, Uganda, Afghanistan, Yemen, Albania, Zimbabwe, Israel, Hong Kong, Philippines, Taiwan, Indonesia, Qatar, Australia, Russia, Azerbaijan, Thailand, India, Tunisia, Israel, Turkey, Japan, Ukraine, Malaysia, South Korea and Romania.
SpreadEx Customer Support
SpreadEx offers a range of methods to get in touch with the support team with email ([email protected]), telephone and live chat all available. Support is available 24 hours a day, 7 days a week which is great to see.
Customers can also take advantage of the comprehensive help section which contains a range of articles and guides for frequently asked questions. There is also a wealth of information on how spread betting works and explanations of the various markets and betting options.
SpreadEx Telephone Numbers
- Freephone: 08000 526 575
- Landline: 01727 895 090
- Overseas: +44 1727 895 090
Conclusion
If you’re looking for a spread betting site then SpreadEx is one of the best out there. The addition of fixed betting odds as well as spread bets will appeal to the more casual spread bettor as will the option of being able to play casino games using the same account.
Overall, SpreadEx provides an excellent service and we fully recommend them for both spread betting and fixed odds bets.
Click below to visit SpreadEx today and claim the SpreadEx Welcome Offer as a new customer.
Spreadex
New Customer Offer
Bet £25 Get £50
Spreadex Sign Up Offer
Claim Offer
Place a £25 fixed odds single bet. Min odd 1/2 (1.50). Get 5 x £5 free fixed odds bets, 4 x free £5 spread bets + 50 free spins on Starburst. Full T&Cs apply. Begambleaware.org #ad
