Spreadex is one of the few bookmakers that was established when the internet was still in its infancy. It was established in 1999 and started as a telephone betting service; today, it has grown to be the only global operator to offer financial spread betting, sports spread betting, and fixed-odds sports betting all from a single account.
Spreadex started operating legally in Ireland after it obtained its Remote Bookmaker’s License from the Irish Revenue Commissioners in 2015. In this review, we’ll be testing every feature of this bookmaker, its bonuses, odds competitiveness, and app usability, among many other things. At the end, you should be able to tell if this bookmaker is worth your time.
Spreadex has several bonuses for its fixed odds and spread markets. There are bonuses for new and existing players, but you can only access the bonuses made available to you. What we mean is, you do not have access to all the bonuses available on Spreadex when you sign up until you’re given access to them by the bookmaker. Though we’ll be explaining the bonuses that are generally available, we advise you to check your account section for your specific offers.
The way the bonus is distributed is that after your bet settles, you’ll receive free bets made up of a £10 free fixed-odds bet, plus £5 football Total Goals and £5 racing Winning Favourites spread bets. After 24 hours, the same fixed-odds and spread bets will be given to you. Once again, after 24 hours, you receive the same offer with a £1 racing Race Index spread bet. What this means is that the bonus is credited over three consecutive days.
At the time of this review, Spreadex did not offer any no-deposit bonus.
Other than the welcome bonus, Spreadex has many other promotional offers, including a referral bonus, Acca Boost, Insurance, Early Payout, and other horse racing bonuses. We’ll look into these bonuses shortly.
At the time of this review, Spreadex does not run any event-specific bonuses.
Spreadex does not have a mobile-exclusive bonus for its mobile app. All the bonuses are generic and apply to both website and app users.
Spreadex does not offer a loyalty or VIP club program at the time of our review.
You need to note that this is not an exhaustive list of bonuses available on Spreadex. There’s a refer and earn program that applies to both spread and fixed odds markets. Details on the refer and earn program are available on the promotion page.
The registration process on Spreadex takes less than 5 minutes to complete. Here’s a practical step-by-step guide to help you get started:
Go to the Spreadex website, and click on the join button at the top of the homepage. You’ll be directed to the registration page.
On the first registration page, you’ll be asked to input your preferred title, last name, first name, phone number, date of birth, nationality, and country. After these, you’ll need to create a username and password. Once completed, click on the next step.
This page is where you’re asked to add your address, select, and answer a security question. You’ll also be asked to set a limit on your account and accept the terms of the bookmaker.
Before gaining complete access to your account, you need to get verified. For verification, you need either a passport, an ID Card, or a driver’s license for verification. You can upload and click next. It will be processed.
There are over 20 sports available on Spreadex, and they can be found on the left part of the homepage. They include Football, horse racing, tennis, and basketball. If you’re the type who loves Gaelic sports, it’s not available on this bookmaker. Here’s a list of some of the top sports you’ll find on Spreadex:
In accordance with local laws, Spreadex has at least 7 tools that are meant to keep you safe. To get the best out of betting, we strongly advocate using these tools. The responsible gambling tools available on Spreadex are:
Spreadex is well-equipped, and it has practically all the tools that most experienced punters like to see in bookmakers. You can go check them out.
Spreadex has a robust live betting section where you can place live bets on sports like Football, Tennis, Cricket, Baseball, Basketball, esports, Virtual Sports, and Volleyball. This section has features such as live streaming, live statistics, bet builder, accumulators, and results.
The live betting section is well-detailed, and the menus load fast. Odds in this section are constantly changing, and the live streams and live statistics are of high quality. We didn’t experience any lag. If you’re the type of player who prefers watching matches live, the live streaming covers horse races, horse racing, esports, tennis, and more.
We conducted an odds competitiveness test on a few Spreadex’s football and basketball matches to test the competitiveness of the odds offered. The football odds came out around 6%, which is high, while the basketball odds also came out above 6%. The interpretation of this is that the odds offered by Spreadex are less favourable to the players and more to the house. One thing that may fix the low odds is the odds boost that’s offered by Spreadex. If you bet on the matches that carry the odds boost tag, then you’ll be maximizing your winnings.
Spreadex has only 3 payment methods, and they all support deposit and withdrawal. Deposits via cards are instant, while withdrawals vary by payment method, but it takes between 1 and 5 business days. You can deposit a minimum of €5 via any payment method, while withdrawal starts from €10. You can set a limit on the maximum you can deposit, while withdrawal varies by method. All the payments are made in EUR, while cryptocurrency payments are not supported. Here’s a table showing the payment options you’ll find on Spreadex.
If you encounter any issues while trying to make a payment, you can reach out to support for help. They’ll help you resolve the issue.
Spreadex has a dedicated mobile app for iOS and Android users. The apps combined have over 50k downloads. The apps are among Ireland’s top-rated sports betting apps, with the Android app having a high rating of 4.5-star rating while the iOS app has a 4.4-star rating out of 5.
The app has all the features of the website, with an exclusive push app notification that allows you to get updates on your active bets and other important updates. The apps are intuitive, and we prefer them over the website version. It’s what we recommend for everyone.
Spreadex has 3 customer support channels, namely, phone, email, and live chat support. The support is usually available from Monday to Saturday, 7.30 am – 10.00pm, and on Sunday from 8.30 am – 10.00pm.
Outside of these times, you cannot reach Spreadex customer support. The support channels are generally helpful and very responsive. The live chat support is attended to by an actual agent, but it only works during working hours.
You can only drop a message after working hours and get attended to during the active hours. The phone support is very helpful; it’s one we recommend for players who prefer getting issues resolved over the phone. Email response is usually within a few hours and equally helpful. Links and information to these support channels are all on the support menu. Go check them out.
Most licensed bookmakers in Ireland take responsible gambling seriously. As a matter of fact, it’s made mandatory for licensed bookmakers to have them integrated into their sites. Spreadex has 7 responsible gambling tools. These tools are:
Spreadex is a strong advocate of responsible gambling, and they require that new players set a limit on their accounts during registration. If you ever find yourself struggling with gambling, you should reach out to these organisations.
To give you perspective from other actual players, we looked up quite a number of reviews from trusted review sites like Trustpilot, just to know what other players think about this bookmaker. The review was filled with lots of applause and a few areas of improvement. Many have openly commended their payment speed, good customer support, and great promotional offers, while others have clearly stated their dissatisfaction with the quality of odds on sports, poor cashout, and poor interface. Here are some reviews from actual players.
Juan Munoz (5/5) Trustpilot
“Having tried various platforms previously, I often faced frustratingly low withdrawal caps that required endless patience to access my funds. This platform, however, allows for withdrawing sensible amounts without unnecessary hassle or prolonged waiting periods. The process is notably simpler, particularly after the initial KYC submission, with no repeated holds or postponements each time I withdraw. It significantly reduces the overall complexity and inconvenience.”
Mr. Mcdonagh (2/5) Trustpilot
“The pros of using Spreadex fixed odds are the extensive markets available for mst sports.
The cons, however are the poor valte of odds offered in almost every handicapmarket in every sport. Specifically you offer a price of 5/6 either handicap option. Most leading bookmakers offer handicap prices of 10/11. This price clearly doesnt gve you as large a proit margin. Customers generally have more than one accout and will inevitably choose the better value. You certainly lose a lot of my business with this greedy policy. Spreadex has famtastic potential as aforementioned however to really compete with the big boys, go 10/11 not 5/6 across the handicap board.”
Spreadex currently does not offer casino gambling services. It’s an exclusive sports betting site for spread and fixed odds
The offers are strictly for sport; there are no casino bonuses available on Spreadex.
Spreadex is a bookmaker that appears to be too clustered, though it contains many features that you’ll find on established bookmakers. The main menus are a bit too tiny, but they load fast. There’s a search tool that makes it easy to find teams, events, and markets. The site supports English and Danish. The registration process is without stress, and the deposit and withdrawal processes are also simple.
One thing that may appear to be the downside of this bookmaker is its less competitive odds, but the odds boost offer makes up for some of that lapse. Spreadex has most of the top sports, and the markets are detailed. If you’re a lover of Gaelic sports, that’s not available on this bookmaker.
Spreadex is a bookmaker we’ll recommend for players who want access to a wide variety of games, reliable customer support, many betting tools, and advanced betting markets, but can do with the absence of Gaelic sports and the less competitive odds. In conclusion, Spreadex is a bookmaker that’s worth trying, especially if you want to try out spread betting. We recommend it.
