What is the Spreadex Free Bet?
The free bet option offered by Spreadex is a fixed odds bet. To take advantage of this, a fixed odds single bet must be made - at the minimum odds if that is a factor - and if the bet loses you get another bet of the same kind again, with the stake matching that originally made.
It’s easy to claim a free bet as there is a section for it on the betting slips. Do make a note of the use-by date which will be mentioned in the notification message received. It’s also worth knowing that a successful free bet does not return the original stake.
Various offers and deals are available to regular customers, such as the invitation to try new casino games and win a roulette chip once a wagering target has been met, or email offers of a free £50 single wager bet. Unlike other sites, these special offers are not openly advertised in any consistent way.
Spreadex are a spread betting company but also offer fixed odds as well, which makes them quite unique. Their current new customer offer is above.
There is no more exciting way to bet on sports than via the medium of spread betting. Spreadex offers hundreds of markets on a multitude of sports events every day. These two-way markets give you the opportunity to bet for or against the prediction by going higher or lower. The more right you are, the more you can win, but of course, the opposite is true if you get it wrong. The more wrong you are, the more you can lose, and you can lose more than your initial stake.
Take football for example – Spreadex might forecast that there will be 3 goals in a game and offer a quote of 2.9 – 3.1 goals – this is known as the spread. If you think there will be more goals you would buy at 3.1, if you think there might be less, you would sell at 2.9.
If you bought for £20 a goal at 3.1 and there were 5 goals in the game you would win £38 or 1.9 X £20 as this is the difference between the final result and the price at which you bought. If, however, there were only two goals in the game, you would lose £22, which is the difference between 3.1 and 2 goals (1.1) X £20.
The same principle applies to batsman’s runs in a cricket game, points in a rugby match, winning distances in a horse race meeting and in almost any market you care to imagine across almost every sporting event staged every day.
One of the key attractions and benefits of spread betting is that you can bet right up to the final whistle, so to speak. Spreadex offer prices ‘in-running’ on most major sporting events so you can take a profit, cut a loss or simply make a decision ‘in-running’ on an event you are watching live. And, just like with financial spread betting, sports spread betting is currently free from capital gains tax and stamp duty. However, tax laws could change in the future and depend on personal circumstances.
When placing a bet on a particular sports market you can hover over the ‘i’ button to the left of the market for some basic information on how this market works. Please be aware that this is basic information only and doesn’t cover all the rules and regulations governing that particular market.
Spreadex Mobile Betting Site & App
Spreadex has a mobile compatible site which can be accessed via mc.spreadex.com from a tablet or smartphone, or via a dedicated app. The mobile site allows customers to do pretty much everything they can on the regular site, such as depositing and withdrawing funds, checking their account balance, placing bets and enjoying lots of casino games.
Spreadex offers a dedicated app for both Android and iOS devices, which can be downloaded from Google Play or the Apple store. These apps make it easy for customers to access all aspects and functions of the main site.
The current iOS app is version 2.6.2, which supports Face ID login. It is compatible with iPhones, Ipads and iPod Touch and needs iOS 9.0 or later.
The current Android app is version 2.5.1 and requires a system with 4.4 or newer.
Spreadex In Play Betting
Spreadex offers various in-play opportunities, allowing customers to both open and close bets at any point in a game, match or event, (known as ‘cashing out’). In-play betting is available for all kinds of events, whether they are on the TV or not. The cash out option can be found by looking at the ‘Unsettled Bets’ section of ‘My Account’.
Spreadex Payment Options
Deposits can be made via a card by registering its details under the payments tab of an account. (The card must be in the same name as the account holder). If preferred, deposits can be made over the phone by calling the customer services team. Cards cannot be registered via a smartphone app, but deposits can be made this way once the card is on file.
There is no minimum deposit rule in place. Deposits can be made via the following methods:
- UK registered debit cards (e.g. Visa, Switch, Maestro).
- Credit card (Visa or MasterCard) Credit cards incur a 2% admin fee.
- Bank transfer. Allow 2 working days for funds to appear in the account.
- Cheque. These must be associated with the same account that is registered to the site.
Note that Spreadex does not deal with third-party payment options, such as any of the major e-wallet providers.
Withdrawals options are almost the same as for deposits. Withdrawals to cards generally take a few working days to clear, while those made to a bank account are usually a little quicker at about two working days. Requests under £50 to debit cards may be charged a £1 handling fee.
Spreadex Customer Support
Spreadex customers can access customer support for help and advice or answers to any questions not covered in the FAQs via telephone (which serves both UK and international callers), and email.
Telephone (UK callers): 01727 895 000
Telephone (International callers): +44 1727 895 000
Customer services staff are available to answer calls and emails seven days a week from 8am to 5.50pm GMT.