Spreadex is a spread betting-focused sportsbook, thus instead of betting on a specific result, bettors earn or lose more depending on the amount of goals, sets, points, etc. in a game. The British bookmaker was established in 1999 as a business engaged in financial transactions, then in 2006 they expanded to offer an online sports betting platform. The platform was created in-house and is overseen by the UK Financial Conduct Authority for financial trade and the UKGC for sports betting. The organisation won the title of "Spread Betting Firm of the Year" at the London Wealth Management Awards for a record-breaking third time in 2020. Today, Spreadex is distinct because it runs as both a fixed-odds and a spread betting platform.
There are many country restrictions in the Spreadex fixed-odds segment, which mostly draws players from the UK and Ireland. The spread betting option, on the other hand, appeals to a wider audience and accepts bettors from countries like Germany, France, India, and Canada, among others. Sports betting on Spreadex offers a number of added services, including Live Streaming, Bet Builder, and Cash Out. The addition of the Quick Markets feature has also sped up the live betting area. Players can make deposits in both areas using a variety of payment options, including bank transfer, direct debit, and check.
Spread betting is Spreadex's most notable feature since it enables users to decide whether an event's outcome will be higher or lower than the specified "spread." There is a minimum bet requirement, which varies from £1 to £5 depending on the market. Every betting choice has a middle point and a "spread range." The "spread range" is the bookmaker's prediction of what will occur in an event, and it is written as Sell (lower) and Buy (higher). The average between Sell and Buy is the midpoint. It is essentially the Spreadex margin but players cannot wager on it.
A live-streaming option has recently been added by the online bookmaker, and it is now accessible for practically all of the main matches in football, tennis, horse racing, and other major sports. You cannot watch a match unless you have an open account and make a wager on it. In addition to live streaming, Spreadex offers a TV schedule for each event that is open to bets. There is no Edit Bet option, but there is a Bet Builder service in addition to Cash Out and Fast Markets choices. In live betting, the Bet Acceptance is set at 3. Both the spread betting and fixed odds zones have all of these features available.
Numerous other factors that improve the betting experience are taken into account by betting sites like Spreadex. With a smartphone, it is simple to navigate the website, and both Android and iOS have native apps. The fixed-odds and spread betting sections mean that bettors may need to make several clicks to place their wagers; our Spreadex analysis revealed 6+. Through live chat, the live support staff is accessible round-the-clock. Additionally, you can reach it via phone or email every day from 08:00 to 17:30. (UK time).