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Spreadex Review: In-Depth, Honest Rating for 2024

Top Horse Betting Operator
Sports
Horse Betting
Spreadex Sports
Favicon
4.5/5
  • Early cash out
  • In play betting and live streaming
  • Over 150 bet types on many sports
Spreadex Sports Bonus
Bet 10€, get 40€
Bonus Code
Go to Spreadex
Go to Spreadex Sports
Ireland
Players from Ireland accepted
T&Cs apply, 18+
Spreadex Horse Betting
Favicon
4.6/5
Spreadex Horse Betting Bonus
Bet 10€, get 40€
Bonus Code
Go to Spreadex
Go to Spreadex Horse Betting
Ireland
Players from Ireland accepted
T&Cs apply, 18+
Details
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User Reviews

Spreadex are unique among sports betting sites freeing both fixed odds and spread betting on a magnificent range of sports.

In this Spreadex review I’ll give you some helpful insight into whether it’s the right site for you. I’ll look at key areas impacting your experience including the Spreadex welcome bonus, customer service, and the all important betting markets as well as a quick look at how spread betting works.

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spreadex uk
Spreadex: Pros and cons
  • Best Value Bookie for 22/23 Premier League
  • Full apps for extra convenience
  • Welcome bonus delivers €40 in free bets
  • Excellent range of markets covered
  • Spread betting can be daunting
Payment Methods
Visa
Mastercard
Bank Transfer
+
License
UKGC - UK Gambling Commission
Company
Spreadex Ltd
Founded
1999
Website
spreadex.com
Available Languages
EN
Customer Support
Live Chat, Phone, Email Support
Email
sports@spreadex.com
Phone
+44 (0) 1727 895090
Verified by
GamCare
Overall Rating
4.5/5
  • Bonus Offers & Free Bets
    4.1/5
  • Usability, Look & Feel
    4.4/5
  • Mobile App
    4.6/5
  • Payment Methods
    4.5/5
  • Customer Service
    4.6/5
  • Licence & Security
    4.2/5
  • Rewards & Loyalty Program
    4.6/5
Payment Provider Deposit min/max Deposit time Safety
Visa at least 10€ instant high
Mastercard at least 10€ instant high
Bank Transfer very high
Direct Debit very high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 26/01/2024
Fact checked by: Aisling Byrne

Bonus offer - a spread of free bets awaits at Spreadex

Spreadex set out their stall for new players with a welcome bonus that delivers a mix of fixed odd bets and spread bets: €40 in free bets when you place an eligible €10 bet. The free €40 wagers contain a mixture of fixed odds and spread bets, which are split up into two parcels delivered 24 hours apart. Each one contains:

  • €10 fixed odds free bet,
  • €5 free total goals football spread bet,
  • €5 free racing winning favourites spread bet.

Claiming the Spreadex bonus is easy because you won’t need a promo code, but just be aware of the following conditions:

  • The free bets must be used within 28 days.
  • The free spread bets can only be used on selected events.
  • Your qualifying fixed odds bet must have odds of at least 1/2.
  • If you’re a newbie at spread betting then this offer is a great way to give it a try but, be aware, that your losses could exceed your stake.

What is spread betting?

A spread in betting is basically a prediction of the upper and lower limits of the outcome of a sporting event. So, for example, the spread of total goals in a football match might be 2.8-3.0.

If you think there will be fewer goals than this, then you would ‘Sell’, but if you think there’ll be more goals than this, you’d ’Buy’. What sets spread betting sites apart is that it’s not just about whether you’re right or wrong, it’s how right or wrong you are.

Usability, look & feel - my thoughts on using the Spreadex site

Some sports betting sites can be a bit overwhelming, with an array of widgets, menus, and rolling banners that can make it difficult, if not downright frustrating to find what you’re looking for. My Spreadex review found that they keep things stress free, with a simple layout and a clean look.

Spreadex also have lots of thoughtful touches on their site which are particularly appealing to new players. The Spreadex guide to spread betting will have you up to speed in minutes, and there are lots of videos with more info.

App/ mobile site - iOS and Android apps boost my Spreadex rating

Spreadex prove their credentials as a modern betting site with not only a well organised and easy to use mobile website, but apps for Android and iOS devices too.

This makes in play betting even easier as you’ll have the latest data right in the palm of your hand. The Spreadex app has a score of 4.7 on the App Store which gives you an idea of how good it is. If you don’t fancy downloading an app, that’s no issue, as the Spreadex site is fully optimised for mobile browsers – meaning it is quick loading, responsive, and simple to use.

Payments - no third party payment options

During my Spreadex review I saw that there are strict rules around third-party banking systems, so they don’t accept e-wallets such as PayPal, or cryptocurrencies. This is something that could change in the future but, at the moment, they currently support only a limited number of deposit and withdrawal options:

  • Credit cards
  • Direct debits
  • Bank transfer
  • Cheque

Withdrawals

The minimum withdrawal amount possible for any method is €50. The maximum withdrawal amount is €25, 000, or €2500 for Mastercard. However, if you are using Mastercard, it is possible to make more than one withdrawal over a 24 hour period. One positive impact of Spreadex’s strict stance on payment methods is that withdrawals are very quick, especially compared to other betting sites with cash out.

Visa
Mastercard
Bank Transfer
Direct Debit

Customer service - lots of ways to get in touch

I hate poor customer service as it just makes me see red, and that’s why it forms such an integral part of my reviews, including my Spreadex review. Luckily, I was able to stay in a zen-like state of calmness while investigating Spreadex’s customer support options.

The FAQ section was my first port of call and it was one of the best I’ve ever seen. The section answered my queries before I’d even thought of them and had clearly been designed with real players in mind.

If you need more help than the FAQs can provide then you can use the email address and telephone number to speak to the team between 8am-5:30pm every day.

Licence & security - no worries at Spreadex

Licensing should be the first thing you investigate when you’re considering a new site. It’s the guarantee that the site you’re using won’t rip you off and leave you, and your bank balance, bereft and broken.

Spreadex Ireland amply meets this criteria for players thanks to its full licence from the UK Gambling Commission. You can also rest assured that the practice of spread betting is completely legal, safe, and regulated at Spreadex by the FCA (Financial Conduct Authority).

UKGC - UK Gambling Commission
Alderney

Rewards & loyalty program - no VIPs, but plenty of rewards

Spreadex doesn't stop with the welcome bonus – there are a range of promotions that give you access to different betting opportunities and let you enhance your wagers.

  • Spread free bets: If you enjoy spread betting then Spreadex gives you the option to squeeze a little more from your wager with their collection of the best free bet offers. One such example gives you a 4th bet free when you place 3 qualifying wagers and, even better, it can be used limitless times.
  • Refer a friend bonuses: these are some of the most common deals at sports betting sites, and Spreadex does theirs in style. When a pal signs up using your link, and places a €20 spread bet, you’ll receive €100 total goal spread bet to use on a football wager.

There’s currently no VIP program at Spreadex.

Spreadex Sports Betting

Betting markets - a unique offer at Spreadex

Football and horse racing are Spreadex’s favourites, so these provide the largest number of betting markets, for both spread and fixed odds wagers.

Fixed odds sports markets include golf, cricket, esports, snooker, tennis, and popular US sports from basketball to American football. There are also a few fixed odds novelty betting markets for players to stake on, including politics.

Spread bets at Spreadex can cover lots of different markets too. While my Spreadex Ireland review found that horse racing and football are the most popular, you can access an impressive range of choices for cricket, rugby, tennis and several others too.

Odds - dynamic odds at Spreadex

For sports betting, Spreadex offers both fixed odds and spread betting. The fixed odd events compare favourably to other online sportsbooks, and the cash out feature for fixed odd bets means you can end your bet earlier if it looks like the action isn’t going your way.

Live betting & streaming - keep up with the action

My Spreadex review found that in play betting is very possible, meaning that you can keep right up to date with the action. If you’re waiting on the outcome of a spread bet this is even more vital because your wager really doesn’t end until the final whistle. Live streaming of selected events helps you stay in the loop too, and monitor how your bet is progressing.

Limits - all players welcome at Spreadex

Spreadex aim to make themselves as inclusive as possible for all players by having minimum bet limits starting at just pennies. Total goals spread bets in football, for example, start at a minimum of €0.15. These limits differ but can be easily viewed when you click on a selected market.

Product summary & conclusion - a winner of a sports betting site

At any given point, my Spreadex review discovered that there are 150+ sports markets to choose from on the site, offering both spread bets and fixed odds bets. That’s more than enough to satisfy most punters, whatever your favourite sport. Limits and odds are strong too, and the spread bet feature is a very exciting option that adds another dimension to the classic sportsbook model.

Sports Bonus
4.5/5
Spreadex
Sports Bonus
4.5/5
Bet 10€, get 40€
Welcome Bonus
|
T&Cs apply, 18+
Go to Spreadex
Get Bonus
Spreadex Horse Betting

Betting markets - races from all corners of the globe

spreadex horse racingWhether you’re looking for Irish or international horse racing, flats or jumps, Spreadex has got you covered. From the UK, you’ll find markets from the biggest events, including Newmarket, Ascot, and Newcastle, while there are international events from Japan (Kawasaki), Brazil (Gavea), the USA (Tampa Bay, Laurel Park and more), France, Australia, and Chile.

Odds - fixed odd and spread betting available

As I’ve mentioned above, odds are a bit different at Spreadex depending on the type of wager you fancy. You can opt for a traditional, fixed odd wager on your chosen steed, and you’ll find very competitive odds if you do so, but you can also choose a spread bet on favourites, winning distances, or the jockey’s performance.

Limits - odds to suit all players means more points for my Spreadex review

As with sports betting, Spreadex have low minimum limits for gambling on horse racing. It’s difficult to calculate the maximum you can win with spread betting, as horse racing markets can be very volatile. For fixed odds races, the most you can win is €500, 00 on a single race.

Product summary & conclusion - my final Spreadex review

Spreadex has a seriously impressive horse racing provision. Events come from the most prestigious events and meets, and there is a very varied selection of markets to suit all bettors. The possibility of both fixed odds and spread betting adds another layer to the experience, and throws open the stables to even more staking opportunities. Just make sure to work out your possible losses, and utilise Spreadex’s handy guides if it’s your first time making a spread bet.

Horse Betting Bonus
4.6/5
Spreadex
Horse Betting Bonus
4.6/5
Bet 10€, get 40€
Welcome Bonus
|
T&Cs apply, 18+
Go to Spreadex
Get Bonus

Spreadex review FAQ

💰 Can you make fixed odds bets on Spreadex?

Yes, Spreadex offers spread betting as their speciality but you can make standard fixed odds bets on hundreds of markets too – from football and golf, to horse racing and tennis.

📱 Do I need a promo code to claim the Spreadex welcome bonus?

Nope, there’s no promo code needed to get your hands on the Spreadex welcome bonus: €40 in free bets when you make a wager of €10. As soon as you make a qualifying bet, and it’s complete, your free bets will be added to your account.

🧷 Is Spreadex a trustworthy spots betting site?

Spreadex holds a licence from the UK Gambling Commission and meets all EU laws around gambling to be able to offer its services to Irish punters. It also has lots of security measures in place to keep punter’s details private and safe.

Conclusion - my Spreadex review shows they’re a market leader for good reason!

Spreadex is a true one off among sports betting sites. Spread betting is an exciting alternative to traditional fixed odds betting, as long as you remember that you can lose more than your stake. There are plenty of detailed guides on the site for players new to spread betting to help you find out more which I’d highly recommend having a look at.

Even without spread betting, Spreadex would be an impressive site, with customer service, betting markets, and promotions to equal the best sportsbooks in the world. Their payment methods are restrictive, and there is no loyalty programme, but these aren’t enough to stop me from recommending you this one of a kind platform.

Spreadex Sports
4.5/5
Rating
Spreadex Sports Bonus
Bet 10€, get 40€
T&Cs apply, 18+
Go to Spreadex
Go to Spreadex Sports
Highlights
  • Early cash out
  • In play betting and live streaming
  • Over 150 bet types on many sports

User Reviews for Spreadex

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Post your own Review

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Sports
Horse Betting
Spreadex Sports
Favicon
4.5/5
  • Early cash out
  • In play betting and live streaming
  • Over 150 bet types on many sports
Spreadex Sports Bonus
Bet 10€, get 40€
Bonus Code
Go to Spreadex
Go to Spreadex Sports
Ireland
Players from Ireland accepted
T&Cs apply, 18+
Spreadex Horse Betting
Favicon
4.6/5
Spreadex Horse Betting Bonus
Bet 10€, get 40€
Bonus Code
Go to Spreadex
Go to Spreadex Horse Betting
Ireland
Players from Ireland accepted
T&Cs apply, 18+
Spreadex Bonus Details
Sports
Horse Betting
Bet 10€, get 40€
Type: Welcome Bonus
Requirements (WR): -
Min. Deposit: 10
Cashable: Yes
Bonus Code
Go to Spreadex
Go to Spreadex
Bet 10€, get 40€
Type: Welcome Bonus
Requirements (WR): -
Min. Deposit: 10
Cashable: Yes
Bonus Code
Go to Spreadex
Go to Spreadex
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