Spreadex Sports

Spreadex Sports Review UK (2023)

Spreadex is a sports betting company based in the United Kingdom that has been in operation since 1999. One of the features that make the sports betting company unique is that they are the only platform with two classes of sports betting options on the menu; fixed odds betting and spread betting. Financial trading is also inclusive.

The Company is regulated by the Financial Conduct Authority of the United Kingdom, the organization that is saddled with the responsibility of regulating all gambling activities in Great Britain. They are also regulated by the Gambling Commission and, as such, submit to the rules provided by the FCA for handling funds received from clients.

Spreadex has bagged a lot of awards since its inception, with its most recent achievements being the award for the best sports spread betting operator, received at the 2020 EGR operator awards, alongside the award for the best financial provider of spread betting services from the city of London wealth management awards 2020.

Fixed-odds Sportsbook Review

This option is very much similar to what other bookmakers offer, where you get the odds for each outcome, and then you proceed to choose the one you think will happen.

To make a fixed-odds bet on Spreadex, you must ensure you place your bet by tapping on the odds displayed beneath "back". You must be careful to ensure you are not opting for "Sell buy," which would indicate that you are using the spread betting option.

Under the fixed odds betting option, Spreadex has all the popular sports available, including sports like:

• Horse racing, 
• Tennis, 
• Cricket, 
• Rugby and 
• Football

You have access to view all their latest games, and you get informed of which one is coming up next. The total number of sports available numbers up to 20, events inclusive.

The markets you can place your bet on include; 

• over/under, 
• goalscorer market, 
• both teams to score, and 
• a host of other markets available for football

Spread Betting Review

Spread betting is where you buy or sell based on your thoughts on the outcome of an event. This implies that you stake your purchase on how well you expect an outcome to pan out, either more or less than the spread. You would be given a market price that goes in two ways: if you expect the outcome to be more, you buy, and if you think it will be less in output, you sell.

Spreadex also has the slot for every major sport under the spread betting option that ranges from American football to cricket, football, horse racing, and tennis, so you have a wide range to choose from if you want to place a bet.

In the spread betting option, there is a different market for the horse racing event, same with the football game. For example, if you want to have a bet for a horse racing game,  you have the liberty to place bets on each horse, predict their winning distances, the number of wins you expect they would record per jockey and a lot more in their markets that you would find explorable.

For football, you can place a bet for over and under markets for goals, corners, and full-time results. The spread betting option includes a lot in their market niche to be discovered. For example, you can bet on the actual time a team scored a goal during the match; you can bet on the minutes spent in obscurity during a game. 

Live Streaming

Spreadex offers a live streaming service on both betting options. It was introduced in 2020 as it became clear that the restrictions on movement at the time would deny fans the opportunity for a convocation at live event centres.

This service is limited as it is a recent addition to the services provided, and so does not feature so many sports but a few like cricket, football, and some US racing. You have to be logged into your account to watch live while you bet.

Spreadex's Financial Betting Options

The options available for betting on Spreadex are like the financial derivative that would help you benefit when the price of a particular asset rises or falls. This happens without you having to face the same risk you would face if you hold a position in an equity trade. There are specifically two kinds of options; Calls and Puts. Every one of these options is available for use on a mobile phone.

A call option gives you the right, but you are not obliged as a buyer to buy the derivative at what is called 'A strike price' for a date in the future that you get to pre-determine.

The put option makes you have the right to sell, although you are not obliged to sell the derivative at the strike price at a future date pre-determined by you. The strike price is referred to as the level at which the derivative can be bought or sold when the option expires.

Mobile Betting Options

The Spreadex betting apps are available for download on both Android and iOS. When you sign up for spread betting or a financial trading account, you would need to input your email address to receive emails about future updates.

The mobile application has a user-friendly interface, and it is just as good as the website.

Spreadex Bonuses and Promotions

The company offers promotions and bonuses regularly for new and existing clients. You have the luxury of placing free bets for new accounts on both options, either fixed odds or spread betting.

There is the 1st scorer insurance where if you predict a player as the first goalscorer, but he happens to score last, you get your money back as a free bet. 

A regular sports bettor with Spreadex has the advantage of more free bet openings on the platform. To qualify, you must place three sports spread bets under the same category of sports qualifying market in 10 minutes and place a 4th bet under the same market category at the spread midpoint. You can claim this free bet offer as many times as you want so long as you are placing bets under the sports market free bets are offered. The qualifying market includes Horse racing, Football, Cricket, Rugby, Baseball, Basketball, amongst others.

The platform supports every class of multiple—for example, Heinz bets, Accumulators, and Lucky 15s. Spreadex offers promotions regularly for new clients and already existing ones on the fixed-odds offers; you can claim up to £25 in free bets upon signing up with the betting platform by placing fixed odds bets at the minimum odds of ½.

Spreadex offers in-play betting as an integral part of the spread betting option, and they also include the live experience on their platforms. You get to be alerted in quick succession as the odds change in no time; this would also keep you informed with the turn of events at the game stage. In-play betting is one of Spreadex's specialities, it is an advantage open to both betting options on the platform.

The advantage of in-play betting is that you are at liberty to open or close your bets at any time during the match or a sporting event to either cash out your profit early, or reduce your losses before the end of the whole match.

Customer Support Options

The Company employs every formal and accepted method of communication with its customers. They have an email address where you can send them a message about all your complaints as well as a phone number and live chat.

They are available to be contacted 24/7. The company also has a great FAQs page with answers to common customers' struggles, especially with spread betting. 

Spreadex Deposit and Withdrawal Methods

The deposits and withdrawals method on Spreadex includes; 

• Bank Transfer
• Cheque 
• Direct Debit
• MasterCard
• Visa debit cards

The payment methods are enough to give you the range of options you would like to deposit or make your withdrawals from. The deposit and withdrawal options are pretty easy to find once you are logged into your account.

Conclusion

Spreadex has earned a bragging right for its ability to offer fixed-odds and spread betting services so well. The 2-in-1 service of options offered by the company makes it easy for users who want to try both betting options without getting into confusion.

This is a platform majorly recommended for those who want to dabble into spread betting. The company has been marked as a platform that provides a service that is considered satisfactory and excellent for new customers.