By Spreadex is the only UK bookmaker where a bet can lose more than its stake, and the £60 welcome teaches you the difference with risk-free spread tokens. This Spreadex review covers the St Albans firm’s fixed-odds sportsbook and sports spread betting on one account, in-play on both, and a Spreadex welcome offer of bet £10, get £60 in free bets: three £10 fixed-odds bets, six £5 spread bets and a £1 Race Index bet for a £10 bet at 1/2, no promo code. We took it, learned the spreads with the free tokens and withdrew; the markets, the app, the risk and the payouts follow.
Spreadex is the one UK bookmaker offering sports spread betting and fixed-odds betting on a single account, and it has done so since 1999. Spread betting pays or loses in proportion to how right you are, which is why the terms warn that losses can exceed your stake; fixed odds work like any other book.
The welcome is the biggest on our board at £60, split between the two products. We opened the account, placed the £10 fixed-odds qualifier, used the fixed-odds and spread tokens and withdrew.
Spreadex at a glance
| Fact | Detail |
|---|---|
| Operator | Spreadex Ltd, St Albans |
| Products | Fixed-odds sportsbook and sports spread betting; casino |
| Sign-up offer | Bet £10, get £60 in free bets |
| Promo code | None needed |
| Qualifying bet | £10 fixed-odds single or each-way at min odds 1/2 |
| Free bets | 3 x £10 fixed odds, 3 x £5 Total Goals spreads, 3 x £5 Winning Favourites spreads, £1 Race Index spread |
| Withdrawal speed | Usually within 1 to 2 working days |
| App | iOS and Android |
| Support | Phone, live chat and email |
| PlayGuy score | 78/100 |
Spreadex sign-up offer: what you actually get
Register, deposit and place a £10 fixed-odds single or each-way bet at 1/2 or bigger. The £60 arrives in parts: three £10 fixed-odds free bets, three £5 Total Goals football spread bets, three £5 Winning Favourites spread bets and a £1 Race Index spread bet. Free spread bets are risk-free stakes on the spread markets; ordinary spread bets can lose more than the stake.
| Term | Detail |
|---|---|
| Qualifying bet | £10 fixed-odds single or each-way at min odds 1/2 |
| Fixed-odds free bets | 3 x £10 |
| Spread free bets | 3 x £5 Total Goals, 3 x £5 Winning Favourites, £1 Race Index |
| Risk warning | Spread betting losses can exceed your deposit |
| Stake | Not returned on free bets |
Fixed odds first, spreads with care
Use the three £10 fixed-odds tokens like any free bet, at 2/1 or bigger. The spread tokens are risk-free introductions to markets where a normal bet can lose many times the stake: Total Goals pays per goal above or below the spread, Winning Favourites per point. Try them with the free stakes, and only fund spread bets with your own money once you understand the maths.
How to claim the Spreadex offer
- Register Use the Play button and enter your details; no code is needed.
- Deposit Debit card or bank transfer.
- Place £10 fixed-odds at 1/2 or bigger A single or an each-way bet.
- Collect the tokens Three fixed-odds, six spread bets and the Race Index bet.
- Read the spread markets before staking cash Losses on funded spread bets can exceed your deposit.
18+. Spread betting losses can exceed deposit. Place a £10 fixed odds single or £10 each-way bet at minimum odds of 1/2 and get 3 x £10 free fixed odds bets, 3 x £5 Total Goals football spread bets, 3 x £5 Winning Favourites spread bets and a £1 racing Race Index spread bet. T&Cs apply. GambleAware.org. #ad
Markets, racing and betting features
Spreadex covers football, racing, cricket, golf, tennis, rugby and the US leagues at fixed odds, with the same sports priced as spreads: Total Goals, Winning Favourites, Bookings, Corners and the racing Race Index among hundreds of markets. In-play runs on both products, with cash out on fixed odds and a close-out function on spreads, and a casino sits on the same account.
| Category | What you get |
|---|---|
| Sports covered | Football, racing, cricket, golf, tennis, rugby, US sports; fixed odds and spreads |
| Horse racing | UK and Irish racing at fixed odds; Race Index and match bets as spreads |
| In-play and streaming | In-play on fixed odds and spreads |
| Cash out | Cash out on fixed odds; close-out on spread bets |
| Bet builder and accas | Accas at fixed odds; spread markets such as Total Goals, Bookings and Corners |
| Casino on the account | Casino games on the same login |
Payments and withdrawals
Debit cards and bank transfer; withdrawals are free and usually arrive within one to two working days.
| Method | Deposit | Withdrawal time |
|---|---|---|
| Debit card | Yes | 1 to 2 working days |
| Bank transfer | Yes | 1 to 2 working days |
Promotions for existing players
Price boosts and enhanced spreads on the football and racing, plus regular fixed-odds promotions for existing customers.
Mobile
iOS and Android apps carry both fixed odds and spread betting with live prices.
Is Spreadex safe?
Yes. Spreadex Ltd is licensed by the Gambling Commission for fixed-odds and spread betting and has traded since 1999. Deposit limits, time-outs and GamStop are in the account, and the spread product carries its own risk controls. Support is by phone, live chat and email.
Spreadex compared
| Site | Welcome offer | Wagering | Where it wins | Our review |
|---|---|---|---|---|
| Spreadex | Bet £10, get £60 | 1/2 qualifying odds | Fixed odds and spreads together | Spreadex review |
| Betfred | Bet £10, get £50 in free bets | Evens (2.0) qualifying bet | Biggest free-bet package, shop cash-outs | Betfred review |
| Coral | Bet £10, get £50 in free bets | 1/2 qualifying odds | Lowest qualifying odds | Coral review |
Pros and cons
What we like
The biggest welcome on our board; 1/2 qualifying odds; fixed odds and spreads on one account; phone support; hundreds of spread markets nobody else offers.
What could be better
Spread betting can lose more than your stake; half the welcome is in spread tokens; a smaller fixed-odds book than the household names.
Our verdict
Spreadex is the account for punters who understand spread betting or want to learn it with risk-free stakes. Take the fixed-odds tokens as a normal welcome and treat the spread tokens as tuition.
PlayGuy verdict, 78/100
| Category | Score | Why |
|---|---|---|
| Sign-up offer | 8/10 | £60 with easy odds; half in spread tokens. |
| Markets and features | 8/10 | Unique spread markets, solid fixed odds. |
| Trust and usability | 8/10 | Licensed since 1999, phone support, fast payouts. |
| Overall | 78/100 | For punters who know what a spread is. |
Spreadex FAQs
What is the Spreadex sign-up offer?
Bet £10 at fixed odds of 1/2 or bigger for three £10 fixed-odds free bets, six £5 spread bets and a £1 Race Index bet.
What is spread betting?
You bet on how far above or below a quoted spread the result finishes, and win or lose per unit; losses on funded spread bets can exceed your stake.
Are the free spread bets risky?
No, the free tokens cannot lose more than their value; funded spread bets can.
Do I need a promo code?
No.
Who runs Spreadex?
Spreadex Ltd of St Albans, licensed by the Gambling Commission.
Is there cash out?
Yes on fixed odds; spread bets can be closed out in-play.
What is the Spreadex bonus code for September 2026?
There is no Spreadex bonus code for September 2026. The current offer, bet £10, get £60 in free bets, is applied automatically when you register through our Play button and follow the opt-in steps in the terms.
Does Spreadex give free bets to new customers?
Yes: bet £10, get £60 in free bets. Free bets are stakes only, so the stake is not returned with winnings, and they expire; the qualifying odds and deadline are in the terms above.
How do I withdraw from Spreadex?
Open the cashier in your account, choose Withdraw, pick the method and amount and confirm. Spreadex pays out by debit cards, bank transfer. In our test the money arrived in 1 to 2 working days. Your first withdrawal waits for identity verification, so upload ID and proof of address early, and withdraw to the method you deposited with where you can.
How do I log in to Spreadex?
Use the Play button on this page to reach the official Spreadex UK site or the Spreadex app (iOS and Android), then enter the email or username and password you registered with. If you have forgotten the password, the Forgotten password link sends a reset to your registered email; two-step verification, where offered, is worth switching on in the account settings.
What do reviews say about Spreadex?
In our own review Spreadex scores 78/100, and we rate it best for fixed odds and spread betting together. Player reviews on the App Store, Google Play and Trustpilot tend to split on the same lines as ours: praise for prices and free bets, complaints about verification delays on first withdrawals. Read the most recent ones, as operators change platforms and terms, and treat any review that promises guaranteed wins as spam.
