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Spreadex review: spread betting and fixed odds
We take a look at Spreadex and its ability to offer you both fixed odds and spread betting. Here’s everything you need to know
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Spreadex differs from a lot of bookies in the UK and offers both a fixed-odds sportsbook and a betting exchange, giving its users a number of brilliant options.
This can be confusing to some who are new to spread betting, but we are here to show you the differences and how they work on the Spreadex platform.
In this review, we will run through the sign-up process, what sports are on offer and how the spread betting and fixed-odds options can be used.
Spreadex welcome offer
We have a limited-time offer for Spreadex available where you can earn up to £40 in bonuses for its fixed-odds service. Click below to claim the offer, or you can find out everything you need to know about the offer with our Spreadex sign-up offer article.
Already signed up with Spreadex? Take advantage of all the latest bookmaker offers on our page dedicated to the best betting sites.
Spreadex: spread betting and fixed odds
Before using Spreadex, it is imperative that you ensure that you know the difference between spread betting and fixed odds as the bookmaker provides customers prices on both.
Spread betting is where you either ‘buy’ or ‘sell’ according to whether you think the outcome of an event will be higher or lower than the spread. You are given a two-way price for the market, and if you then believe that the outcome will be higher you buy, and if you believe it will be lower you sell.
For the Spreadex fixed-odds sportsbook, the system is the same as all other online bookmakers where you will be given the odds for each outcome and you select which one you think will happen.
When you want to make a fixed-odds bet on Spreadex, you must make sure you place your bet by clicking the odds displayed under ‘back’.
It is important that you look when you’re placing your bets as if you are to press ‘Sell Buy’, then this means you will be using their spread betting platform.
You should always be aware that when spread betting, your losses can exceed your deposit. You can find out everything you need to know on spread betting with our full guide here.
Spreadex fixed-odds betting
First, we will take you through Spreadex’s fixed-odds betting, which is what most people would call a sportsbook and recognise from other online bookmakers.
When you are signed up to Spreadex, you will then be taken to the homepage on the site where you can see all of the odds offered for the different sports.
Spreadex has its main menu at the top with all the most popular sports that most punters will be looking for such as horse racing and football.
There is also access to all the latest horse races, which are displayed so you can see what is coming up next.
There is a most popular tab on the left on the desktop, which has menus that open up for all of the top sports such as football and tennis.
Spreadex is a great destination for established sports, with more than 20 sports and events available, as well as hundreds of markets that you can bet on. However, there are other bookies that can provide more when it comes to the number of sports and markets that are available.
Markets you can bet on include the over/under, both teams to score, goalscorer markets and more for football. The site also has all types of multiples such as accumulators, Lucky 15s and Heinz bets.
Spreadex spread betting
Spreadex also has spread betting for all of the major sports around the world. There’s horse racing, football, tennis, cricket and American football to choose from when looking to have a bet.
The difference with the spread betting service is that the markets are different for horse racing.
Bettors can place bets on individual horses, winning distances, numbers of wins for a jockey and many more markets that are great to explore.
The same goes with football where there are the over and under markets for goals, corners and full-time results.
What sets Spreadex apart by offering the spread is that there are also some more niche markets that you can discover. These can include the more obscure number of minutes in the game as well as the time of a team’s goal in the match.
Like the sportsbook, in-play betting is a huge part of spread betting, and Spreadex is excellent for offering a great live experience on its platforms.
The odds change very quickly. You will be alerted with a flash to tell you the markets have moved so you know there has been a change ahead of your bet. The layout is made so the most popular live bets are at the top of the app, and so you can keep up to date with what’s going on in the event.
The in-play betting aspect is supplemented by the cash-out system that Spreadex offers, which is easy to use and also has an auto cash-out option that can be used when buying or selling a spread bet.
Spreadex also has live-streaming capabilities that can be used on both spread betting and fixed-odds bets. However, this is a relatively new addition to the Spreadex platform and does not have as many sports as other bookmakers, but does still have some US racing, cricket and football.
Is Spreadex user-friendly?
With Spreadex offering two types of betting platform, it would be easy to think using the site or app may be challenging.
But the layout of the site means it is extremely easy to differentiate between spread-betting odds and fixed odds. Spreadex does a great job of making it accessible for all users even on mobile, where there is an option at the top of every event that says ‘spread betting’ or ‘fixed odds’. This will alter the markets upon your choice.
All the events are clearly marked and the speed of the app is impressive and needed as it relies heavily on the in-play aspect of betting.
This is good for the user as it helps to make spread betting simple, which is important to new customers who may still be familiarising themselves with this type of bet.
The desktop version is also easy to use and does not fall into the trap of trying to cram everything in and making the information hard to digest.
Finding your bet slip is easy for fixed odds, as is finding your current bets that are live. This is the same on mobile and the Spreadex app, where everything is laid out at the bottom with your bet slip, sports and more.
The Spreadex app is available for both iOS and Android users and is great for those who want to bet remotely at any time.
Spreadex deposit and withdrawal
You can use the following methods for deposit and withdrawal on Spreadex:
- Visa debit cards
- MasterCard
- Bank transfer
- Cheque
- Direct Debit
There are enough payment methods here to give the majority of users the facility to both deposit and withdraw. You can do that by clicking on your account on the desktop and clicking the deposit or withdrawal options, which are easy to find.
Depositing and withdrawing are also easy on the app and can be done by clicking on your account at the bottom of the screen and selecting the option you want.
Spreadex licensing information
A sign of a trustworthy bookmaker is if they’re licensed by the UK Gambling Commission, and Spreadex falls under this bracket.
The company has a strong reputation in the industry and among punters as a trusted bookmaker and gambling company, which should give extra confidence as well as the fact it is heavily regulated in the UK.
Spreadex customer service
Spreadex has all of the usual methods of communication for customers with email, a phone number and even an address to write to. You can contact them 24 hours a day.
There is also a great FAQs page to help with betting terminology, especially with spread betting, but they are missing a live-chat function that many of its rivals have and is the best form of contacting an online betting site.
Spreadex summary
Spreadex is right to pride itself on being the only place for spread and fixed-odds betting because it does everything very well.
Being an all-in-one site for both ways of betting makes it easy for those who are interested in trying both, with the site very well designed to make sure there is no confusion.
The spread-betting side of things is one of the best on the market and Spreadex should definitely be considered for those looking to dabble in it.
There are certainly other fixed-odds bookmakers that can offer more in terms of sports and live-streaming than Spreadex, but it still provides a satisfactory service and excellent welcome offer that new customers should definitely consider.