SpreadEx is a website based on the notion of spread betting, which means that rather than betting on the precise outcome of a sporting event, you profit or lose more based on the number of goals, points, etc..
SpreadEx, founded in 1999 by former City trader Jonathan Hufford, began as a financial trading company and added sports betting in 2006. The site now also provides slots, although sports betting is its primary offering. Spreadex Ltd is licensed and regulated in the United Kingdom by the UK Gambling Commission and outside the United Kingdom by the Alderney Gambling Control Commission.
In addition to spread betting, SpreadEx now offers fixed odds wagering on thousands of events.
Pro/Cons \sPros Cons
Exceptional approach to sports wagering
Due to spread betting’s additional risks, you could lose more than your initial wager.
Many sports and marketplaces available
Welcome Benefit
SpreadEx provides an attractive welcome bonus of up to £40 in Free Bets. Simply place a £25 fixed odds wager with minimum odds of 1/2 to qualify. When the wager is resolved. Get 5 free £5 fixed odds wagers, 2 free £5 Total Goals spread wagers, and 50 free spins on Starburst.
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Registration
To register, you will need to submit your name, email address, and a username and password of your choosing. Before making your account, you must agree to a set of specific terms and conditions, so be sure to read them carefully. For verification purposes, you must supply all of your addresses over the past three years, as well as your employment status and annual income, together with your identification documents. Due to the increased risks associated with spread betting, this is a longer process than most online betting services.
Transactions and Banking
There are a variety of payment options available, and you can make a deposit by logging into your account or contacting customer service. You can deposit using debit card; bank transfers; cheques; or direct debit. On card deposits under £50, a £1 fee may be imposed.
Desktop / Mobile Experience
On the SpreadEx homepage, you will be led to either the financials page or the sportsbook page. This website was made by consummate professionals; it is elegant, exceptionally well-designed, and devoid of unnecessary elements.
You may view your account and balance at the top of the page and visit the link in the upper right corner to make changes to your account. Also, at the top of the screen while you are logged in, you may easily move between sports, casino, and financials if you so choose.
There are convenient drop-down options in the sportsbook area that allow you to filter events by those now in play or by the major sports, such as football, horse racing, cricket, tennis, and golf. You’ll discover the most popular events in the screen’s left-hand sidebar, and sliders will keep you up to date on the biggest matchups.
So that you never lose track, your current wagers are constantly displayed in a box on the right side of the screen, and you can check all of your fixed odds wagers on your betslip. Your bet slip can also expand into a more extensive display, allowing you to view your spread bets, fixed odds, and financial bets simultaneously.
A mobile site is accessible via your standard mobile browser, and it resembles the desktop site in appearance and functionality. Playing via the mobile app available in the App Store or Play Store on your iOS or Android device is the preferred method. Face ID, Touch ID, or a PIN may be used to log in to the app, and live streaming allows you to watch matches as you wager.
SpreadEx Offers Both Sports and Markets
SpreadEx offers wagering on nearly 20 sports, including:
– Baseball
– Croquet
– Rugby Football
– Rugby League
– Golf
– Tennis
Additionally, there are additional sports, such as UFC and darts, as well as virtual sports and even politics.
Up to 150 distinct markets are offered for major sports. In football, you can wager on total goals, bookings, corners, and the last goal scored.
Odds Betting with SpreadEx
SpreadEx gives you the opportunity to utilize the spread betting feature or wager with fixed odds. If you choose fixed odds, you will receive odds comparable to those offered by other big online sports betting sites. However, if you choose spread betting, conventional odds do not apply and you can win or lose more than your original deposit, depending on how accurate your forecast was.
Betting Options
Spread betting is SpreadEx’s most noticeable feature. You can wager on the price movements of the financial market in order to anticipate whether the event will conclude higher or lower than the “spread” offered. If your prediction is accurate, you stand to win substantial sums of money. Spread betting is also accessible on sportsbooks, so you may, for instance, bet on over 2.5 goals for a predetermined price, and after the third goal is scored, you win. Each subsequent goal in the game increases your profit.
You can select to display odds in decimal or fractional format, allowing you to personalize your experience. The minimum stake for the majority of markets is 1p, with a few less volatile markets beginning at 15p. Before placing a wager, you can view the minimum amount on your bet slip.
Using the thrilling in-play feature, you may wager on events that are presently occurring. The most popular events will be displayed at the top of the screen, and you can pick whether to put a spread bet or a fixed odds bet on any match. Real-time monitoring of the event allows you to make more informed wagers and boost your chances of a profit.
The ‘bet-builder’ tool enables you to make your own wager by mixing a number of different markets on the same event, each with varying odds and so increasing the amount you stand to win. You may utilize the cash out feature, which enables you to take the current value of your wager to either take a profit or reduce a loss. This functionality is accessible via the one-click cash out checkbox in the current bets section. My Teams is an exclusive mobile-only feature that allows you to follow certain teams and view future events in which they are participating.
Current Specials
In addition to the initial bonus, players may enjoy a number of continuing promotions. If you are a habitual sports spread bettor, for instance, you will have the opportunity to place spread-free wagers, in which you will bet at the middle of the spread rather than the top or bottom. You will also receive a risk-free £100 Total Goals spread bet for every active referral you make, so keep referring your friends!
Customer Service
The dedicated sports support crew is available 24 hours a day, seven days a week. You can contact them via freephone in the United Kingdom as well as via landline from anywhere else in the world, or via email. For all other inquiries, the customer care team is available seven days a week between 8 a.m. and 5.30 p.m. In addition, there is an extensive FAQ area where you can discover detailed information about spread betting as well as other topics such as deposits and technical concerns.
Responsible Gaming Characteristics
SpreadEx is absolutely committed to providing players with a secure environment, and it is made abundantly clear that players should not register unless they are aware of the hazards connected with spread betting. Players can set deposit restrictions via the account area or by contacting customer service, take a timeout for a predetermined period, or seek a self-exclusion for up to five years in order to block access to their account.
Our Verdict
Spread betting is unquestionably unique, but SpreadEx handles it exceptionally well. Even if you’re unfamiliar with the concept, SpreadEx provides an atmosphere in which you can test the waters and gain confidence before deciding whether or not to play for real money. If you wish to delve further into the realm of spread betting, you have come to the right place.