Spreadex

Who Are Spreadex?

Spreadex launched in 1999, becoming the first sportsbook to offer spread betting and fixed odds on the same platform. They consistently compete with Sporting Index to offer the best prices in the UK.

• Established in 1999
• Spreadex Ltd
• UKGC licence number – 8835

First Impression of Spreadex

This review will reflect the service offered at the time of writing. I signed up on the desktop version of Spreadex, but also used the mobile version and app to compare.

At first glance, Spreadex looks like most other sportsbooks, but once you take a look at the odds, you can immediately see the difference between spread betting and fixed odds. In terms of how the platform functions, everything looks very straight forward, but it’s important to remember that Spreadex gives you the option of spread betting or fixed odds with all its markets.

What is Spread Betting?

So, a ‘spread’ is a prediction within a specific market for a particular sports event. It is expressed in a SELL-BUY range. For example, the market could be Total Goals in a football match, with the spread set at 1.8 – 2.0. If you think the outcome will be higher than the set spread (so more than two goals scored), you would BUY. If you think less than 1.8 goals will be scored, then you would SELL. The crucial difference in sports spread betting, as opposed to fixed odds betting, is that the more you are right, the more you win.

Spreadex Live Betting

There is so much here, and most of it is very good. You can head straight to their in-play section, and all the sports that currently have in-play markets are listed just below. At the time of review this was made up of football, tennis, cricket, basketball, golf and plenty more. You get a load of stats for each market, as well as the option to head to their Stats Centre and get even more.

Spreadex Live Streaming

Spreadex offers live streaming on some selected sports. This is mainly made up of horse racing, greyhound racing and tennis, although there are some selected football leagues shown, also. One nice touch is that even for markets that Spreadex doesn’t stream, they will display where you can watch – Amazon, Sky etc. They also have a “Streaming” tab on their menu which is a brilliant way of letting people know what they can watch straight away.

Spreadex Betting Odds

Generally the odds, the fixed odds that is, are good. They’re not incredible, or market-leading, but they’re above average. What Spreadex has, compared to every other bookie, is the option to immediately flick over to their spread betting odds. Now these are literally among the best odds that you’ll get in the country. There is greater risk, and it’s possible to lose more than just a standard sake when you BUY and SELL, but the upside is significantly more.

Spreadex Betting App or Mobile Site 

I love the Spreadex app. It does that brilliant thing that you want app to do that is close enough to the desktop version that it feels familiar, but has different features that make it work in a slick and sophisticated way. I probably prefer the layout of the platform on the app, and I really like the Top Tournaments – trending competitions regardless of the sport – that runs along the top. Right now there is the Six Nations, AFCON, Super Bowl, LIV and upcoming NBA games.

Spreadex Football Betting

Spreadex nearly makes our best football betting sites in the UK – they just miss out. The menu panel across the top displays the different options in terms of competitions, but you can also filter games that are being live streamed through the Spreadex platform. There are a tonne of leagues around the world included, although you won’t get as many markets per game as you do with some other bookies.

Bet Builder 

There is a bet builder at Spreadex, and it’s okay, but it’s fairly limited. So, as is the case with a fair amount of markets at Spreadex, the options aren’t huge – probably around half what you would get at other bookies – which limits what you can bet on. The flipside is that you can get a spread on their bet builder and get way more value than other places.

Bonuses

This is the most limited part of Spreadex’s product. There is a welcome bonus to take advantage of, but beyond that the only thing I can find is an odds boost on accas, called “Playboost”. You can boost your acca up to 75%, but this depends on how many legs you have in your acca. The boost is pretty low at four legs, but it climbs with every leg that you add.

Cash Out

Cashout is a very important betting feature for punters these days so it’s crucial that bookies integrate this feature into their mobile betting apps. Spreadex has done this well, allowing their customers to instantly cash out their bets on any device they like.

Spreadex Horse Racing

The horse racing section at Spreadex is pretty good. There’s a few promotions, but no Best Odds Guaranteed (BOG). There are three main features to do with their horse racing that are worth knowing about. There’s First Past The Post, 2nd To A Rag (which give you your money back if your horse is second to a 33/1 or greater winner) and Lucky Double Odds. This last one immediately doubles your odds for any Lucky 15, Lucky 31 and Lucky 63 bets made.

Spreadex US Sports Betting

A full range of American Sports is available. We’ll check out the major leagues, but also look into the sports further down the pyramid and, as well as across the globe. 

American Football Betting

Spreadex lists the spread from the off (not the same as spread betting, but the points spread that you get with American sports), and lots of UK bookies don’t, so that’s a big feather in their cap. There are loads of markets, including player props that you may not find elsewhere.

Basketball Betting

This is just about okay. Aside from the odds that you can get, there is a real limited amount of markets which is unfortunate. The stats are great, the odds are great, but there’s only so much to bet on per game.

Baseball Betting

This is one of the top baseball betting sites in the country. Unsurprisingly, Spreadex’s stats offering is excellent. Click on the small bar chart icon of a game’s market and you’ll get a pop-up laden with stats regarding the head-to-head match up. There are no baseball promotions – the Spreadex baseball section appears all business, with little in the way of bells and whistles – but the odds are great, and there are markets for the MLB, Japanese NPB and the Korean KBO.

Ice Hockey Betting

The NHL takes up the majority of real estate here, as one would expect. Generally, most other sportsbooks list a good many other leagues around the world, but there is definitely less here. Right now there is the Euro Hockey Tour, plus games in Finland and Kazakhstan, but you’ll find potentially 10 or more other global leagues elsewhere. The number of markets per game is fine, but it’s not incredible.

Spreadex Greyhound Betting

Spreadex has a really good greyhound section, with all UK and Irish meets listed, plus those running in Australia, also. This gives punters plenty of options and, as mentioned, you can live stream a lot of these races, even the Australian ones. The downside is that there is no Best Odds Guaranteed, which stops it making our best greyhound betting sites.

Spreadex Darts Betting

Compared to the very darts betting sites in the country, Spreadex has some strengths and weaknesses. The number of markets for some upcoming Premier League matches is mightily impressive, with an absolute tonne of things to choose between. That said, there are some competitions missing here. I’d expect to see some Modus Series games listed, but they’re not here.

Spreadex Snooker Betting

As with the best snooker betting sites, there are markets for a couple of different competitions, including the World Championships and the Champions League. At the time of the review we’re in the middle of the latter, which I can’t live stream unfortunately, but I do like the amount of markets per match up that are on offer here, and generally the odds are pretty good.

Spreadex Rugby Betting (Union & League)

The go-to for spread bettors looking for rugby betting, Spreadex’s brilliant fixed-odds sportsbook gives punters great variety. The app and website may take a bit of getting used to, but once you’re familiar you’ll find a huge array of markets (more than most), including plenty of women’s rugby matches. Make sure you also take advantage of their generous welcome offers.

Spreadex Cricket Betting

At the time I reviewed Spreadex’s tennis section there was a nice amount of competitions featured. If there were anything in the way of cricket promotions, or if the odds were a little better for their fixed odds, I could see Spreadex being one of our Top 10 cricket betting sites. Overall, it’s pretty nice because Spreadex offers all the competitions that I’d expect to see, plus a few more on top of that – not everywhere covers the Oman D10 League, for example. And I do love how many markets are available here for each game, but the value here is just okay unless you spread bet.

Spreadex Tennis Betting

Spreadex’s tennis section features plenty of competitions. These games obviously cover the globe, Grand Slams right down to smaller Challenger events. The odds are fine, but there’s plenty of markets, including in-play markets. There is some live streaming, and the stats that they feature are excellent.

Spreadex Golf Betting

This is very good from Spreadex. There are markets for the majors and the Ryder Cup, but there are loads of other less high profile tournaments featured. The majors sit at the bottom (based on the fact there are more time-sensitive, upcoming events coming up), with the Cape Town Open, Kenya Ladies Open, Webex Sydney and a few others all listed here. The Phoenix Open alone has over 100 markets available.

Spreadex Motorsports Betting

The motor sports section on Spreadex is very limited. There are just two outright markets for the next Formula 1 championship, constructor’s championship and driver’s championship, and that’s it. We may be out of season but I’d like to see more. There is nothing in the way of Indy, NASCAR, Speedway, MotoGP so perhaps not somewhere motorsports fans will come.

Spreadex Boxing Betting

There’s some upcoming boxing bouts to get stuck into here, but not loads – eight to be exact. Two of those, the two biggest have 40+ markets per bout, but all the others have four or less. Having more markets for bigger fights is completely normal, but I’d still like a few more for the smaller ones, and definitely more upcoming flights listed.

Spreadex Other Sports Betting

Whilst these sports might sound very niche, there is still a large enough market for fans, and millions of them in the UK, so good coverage of niche sports and events is key to be reviewed on OLBG; let’s dig in a bit further.

Handball Betting

Betting on handball at Spreadex looks very impressive. There’s actually over 90 games to bet on at the time of review, and that’s way more than most bookies. There aren’t loads of markets per game, but the odds are great and there are competitions in Bahrain, Portugal, Romania, Greece and more listed. Handball is increasingly popular and Spreadex looks to be struggling in terms of providing a platform for punters to bet on various handball events and tournaments worldwide. 

Cycling Betting

Spreadex offers betting on cycling for sports bettors who like to dabble in cycling betting, but it is very limited. There are odds on the next Tour de France General Classification winner, but that’s it. Neither of the other two Grand Tours, and definitely no Classics listed.

Aussie Rules Football Betting

As far as Spreadex is concerned, their event coverage is pretty standard – they have most parts covered. The games, competitions and odds are good, but the actual list of markets isn’t huge per game. It’s not as great as some others out there, but overall they are still a solid option.

Political Betting

This is basically split into US and UK politics, with nothing from elsewhere around the globe. That said, the markets offered within that are pretty good, with nine markets for the next General Election, plus odds on the next Conservative and Labour leaders. It’s a similar story for the betting across the pond.

Entertainment and Specials Betting

This isn’t great from Spreadex, with just Eurovision and BBC Sports Personality of the Year listed. There aren’t any other domestic reality shows and nothing in the way of major US awards ceremonies such as the Emmys, Grammys or Oscars. I can’t see many specials bettors sticking here to be honest.

Esports Betting

This is not bad at all. Don’t expect to find an “Esports” option in the main menu, as all different games have their own navigation. THere’s a really good selection here, with Counter-Strike, Dota 2, League of Legends, Starcraft, Valorant and Call of Duty.

Virtual Sports

Spreadex offers no virtual sports betting at the time of this review.

Casino

Spreadex does have casino. Despite the name of the brand, it’s incredibly easy to find their casino offering from their sportsbook, with banners across the top. They also have some bonuses and offers that lead to casino spins should you win sportsbook bets.

Spreadex Account Opening Process

A reassuringly easy process. At the top-right of the screen Spreadex has their “Join” button. Bettors just need to select this and follow the simple steps as guided through. You’ll be asked for the usual information – name, date of birth, address etc – and once complete be sent a verification email. Clicking this from your inbox will redirect you to the site, and then you’re free to get betting.

Navigation and user experience [desktop v mobile]

I mentioned earlier that Spreadex has a great app – the more I used Spreadex, the more I found myself going to the app. If you’ve never done spread betting before things may be a little confusing, and the ability to flick between this and fixed odds obviously isn’t something that you can do on most other bookies sites or apps. Spreadex does a very good job of making what is a great deal of detail digestible, and I think it works even better on the app. The styling is a little dated but kind of fits in with the business-like tone of Spreadex.

Placing a bet

This section should only really highlight if there are issues, as the process is almost identical on every site. Within a few minutes of signing up to Spreadex I placed a couple of bets on different sports, one of which took advantage of the welcome offer, and I used their bet builder feature, which worked well. 

Managing your account

As mentioned above, the design really helps this along. On the desktop version, it’s stuff to the  left of the screen. On the app, it’s all at the bottom, with just the login at the top. I haven’t experienced any issues logging in, or finding customer service options, either. Overall, it feels like Spreadex has got this part nailed.

Spreadex Responsible Gambling Features

As with all online betting companies, responsible gambling should be and will be an essential element of the service provided.

Expect KYC procedures and document supply as a matter-of-course, to confirm your account after you have deposited a certain level of funds and in the event of any large wins.

You can set limits for yourself across depositing options and daily staking options too, so you can set your levels and keep control of your gambling.

Expect Unibet to contact you via your preferred communication method if there are suspicious activities on your account. This protects your account from being accessed by someone other than you and ensures you control your gambling activity. Unibet have a legal obligation to question your activity if they believe it to be suspicious.

As part of Unibet’s commitment to safer gambling, they aim to make zero revenue from harmful gambling by the end of 2023.

Spreadex Review Summary 

I’d heartily recommend Spreadex as an account that you should have in your betting arsenal for two main reasons: the sheer number of markets and the ability to get way more value through their spread betting service.

There are some sports that aren’t available here, and some sports that aren’t covered that well at all, so if those are the sports that you like betting on then this may not be for you. But the vast majority of sports have great market depth, and I really like Spreadex as a product. 

Even if you don’t spread bet, Spreadex actually acts as quite a good reference point, or starting point, when looking at betting options. This is down to the ability to see comparative odds, from their incredible Stats Centre and live streaming (or simply telling you where to watch events). I can see people absolutely loving Spreadex.