This is quite an unusual site for us to review. That’s because Spreadex is neither your standard all in one betting site. By this, we mean a site which includes both a sportsbook and a casino elements. Examples include the likes of Ladbrokes or Betsson.
However, Spreadex isn’t a casino exclusive either, like Royal Panda or Manhattan Slots. Rather, it is a niche betting site with a focus on spread betting. This makes it an unusual entry on our list of reviews, much like other niche sites like BlitzFantasy for example.
In terms of keeping our review fair, we’ll therefore be comparing the site to whatever seems most appropriate for that particular site element. This is due to the fact that there isn’t as large a pool of direct competition to pull from. As always, we’ll be looking at both the good and the bad of each element we review. This way, you can get the full picture and find the ideal betting site to suit you.
So, let’s dive right in and discover exactly what Spreadex is all about.
So, what is spread betting?
To demonstrate it simply, let’s give an example of a spread bet on a game of football.
Let’s say that the bookmaker predicts that a team will score four goals in a match. They then offer a “spread” of 3.9 – 4.1. If you think that they will score more than four goals, you buy at 4.1. And if you think they will score less than four, you sell at 3.9.
You buy each goal for an amount and your wins and losses are based on the accuracy of your prediction. In other words, if you bought at 4.1, you would lose more money if they scored one, rather than two goals. By the same principle, you would win more money if they scored eight, rather than seven goals.
This type of betting offers greater flexibility. It also boasts the potential for higher risks and rewards than a normal bet.
This same principle works for pretty much any unit based outcome on any sport.
A more exciting way to play
As a type of betting, it is considered one of the most exciting, with legions of fans throughout the world. An example of its flexibility is that, if one team is a clear favourite and it is believed that their win is a surefire thing, you can bet on the amount of points you think they will win by, rather than just them winning the game overall. This means there’s more betting options for predictable events.
You can also bet on the total. So to go back to our football example, instead of betting on the amount of goals you think your team will win by, you can bet on the total goals scored. This is another example of how spread betting can make events deemed predictable more interesting to bet on. This is commonly referred to as an over or under bet. That’s because you are betting on whether the total amount will be over or under the prediction.
An easy way to understand it is, while fixed odds betting is a bet based on a win / lose outcome, spread betting is based on the accuracy of a prediction.
On the other hand
Some view spread betting as being complex. Some also don’t like the fact that it can carry more risk, just as others view it as having more depth and like that it can carry more rewards.
What else does Spreadex have to offer?
Well, it seems that Spreadex is a double whammy when it comes to its betting offer. The site includes fixed odds betting, alongside its spread betting. This is a real selling point and something to set Spreadex out from the competition. Very few sites can offer something that is actually not all that common and it puts this betting site in an enviable position.
To speak more specifically, the following sports are available to bet on at Spreadex:
- Horse Racing
- Virtual Sports
- American Football
- Ice Hockey
- Motor Racing
- Rugby League
- Rugby Union
- Financial Bets
That’s a pretty excellent line up we think. The inclusion of virtual sports was not necessarily expected on a site such as this. But we’re happy to see its inclusion here. Financial betting will also be a big selling point for this site. This is advertised prominently alongside its sport betting selection.
The Spreadex site also has a casino. We suppose this mean it is technically an all in one betting site. You could even say it was an all in betting site plus.
Everything you’d expect is here. There’s slots, jackpots, table games, poker, roulette: the works. It even has a live casino. It’s not the largest line up we’ve ever seen but it’s nothing to be sniffed at either. Plus, considering the other content that’s available, this is a welcome surprise.
On the other hand
We’ve not seen much in the way of bingo options during our time with Spreadex. So Foxy Casino can rest easy for the moment.
In general though, this really is a terrific line up in terms of sheer content. Sure, you could look at other sites and find some sports that aren’t available here or a casino with more options. But considering the range of betting that’s here, we think most people will be pretty happy with what’s available.
Are there any promotions available?
Sometimes when a site has a niche like Spreadex, they neglect other areas of the site. But as we’ve seen when it comes to other content, this site doesn’t appear to do business that way. There are some promotions here: three on the sportsbook at the time of writing. So let’s take a look at the typeof promotion you’re likely to see.
We say likely, because more than any other site element, we find that bonuses are more often time sensitive and subject to change. Therefore, don’t be alarmed if you check out the site and things have changed in this department. That’s pretty common. However, generally sites have a level of standard and value for their promotions that’s pretty consistent. So, even if the offers have changed, taking a look at what’s available now should give you a pretty clear idea of what to expect.
Account Opening Offer:
If you open an account with Spreadex and bet either £300 or £500 on qualifying markets, you will win an iPad. The higher the amount you bet will result in a better model. This is an unusual welcome bonus. We’re used to seeing deposit bonuses here. So we’re happy that this is something a little different. This is a straight up customer reward: spend X amount with us to receive this gift. It’s simple and for those who would bet that kind of money anyway, a win-win situation.
Spread Free Bets:
If you place three spread bets, you will get the fourth one free, with the stake being equal to your smallest bet. This bet can be used as many times as you wish. This is a great promotion that offers real value, with a simplicity to its concept we think many will find appealing.
Refer a Friend:
If you refer a friend to Spreadex, you will receive a £100 risk free spread bet. Your free bet will be eligible after they have placed five bets themselves. Any losses are refunded and profits are yours to keep.
Well, we do always say it’s about quality, not quantity. We think that Spreadex’s slim selection of promotions is proof of that. All of them offer a simple, attainable level of additional value.
On the other hand
As far as we can see, there’s no promotions available for the casino. That’s a huge disappointment. This is especially true considering how pleasantly surprised we were, not only by its inclusion, but also by how much effort has clearly gone into it. The casino doesn’t appear to be an afterthought in any regard except this one.
The promotional page also deeply lacks personality. It’s tucked away as opposed to being advertised. We’re not saying every site needs a celebrity mascot like BGO or a theme like All British Casino. In fact, we don’t think that would be appropriate here. But we do think that more could have been done to bring a little bit of a fun factor into the fold.
So is the site well designed?
When we talk about site design, we’re really talking about two different things. On one hand, we’re talking about the technical elements. In other words, is everything easy to find and all works without issue?
On this point, we can certainly say that we found no issues regarding how well the site operates. However, we did find some issues in terms of structure. One example is having seemingly random links thrown in with the promotions. There’s no major problem here. It is unlikely to make your use of the site much less enjoyable, but it is rather clumsy.
The other side of things is the design asthetic. Now the issue with this is that we all have different ideas about what looks good. Some people love more conservative sites like Virgin Casino and Sportsbook and Mr Green. Others prefer more bright and unique approaches at sites like SuperLenny or Rizk Casino. There’s no right or wrong answers.
So, in order to keep things fair, instead of stating our opinion as fact, we’ll say what we think people may like or dislike about the site. This way, you can see which best matches up with your personal tastes. Of course, the best way to find out whether it’s for you is to check it out yourself.
We think that people who like their betting sites to keep things simple and businesslike will appreciate the minimalistic design of Spreadex. It’s not flash or fancy, but it gets the job done. For many people, that’s all they need. Sites like William Hill have no popularity issues and they keep their design to the point.
On the other hand
Others may feel that Spreadex is stuck in a bit of a time warp, to put it simply. The site may look to them to be bland, mechanical and cold. And while not all of them will need something very in your face, they might prefer the looks of somewhere like Betfair, which still keeps things simple but adds a touch of colour.
What’s the critical response been like?
We think it’s fair to say that the critical response we’ve seen from our research have been a fairly eclectic bag. They range from excellent responses to below mediocre. We’re not sure why Spreadex has created such a wide variety of opinion. Perhaps it’s because it’s so different to much of what is out there.
On the other hand
Obviously a mixed opinion is not as good as an overwhelmingly positive one. However, on balance, we’d say that there’s more of the positive than the negative out there.
So what do we think of Spreadex?
How much you like Spreadex entirely depends on how much you like the concept of spread betting. This is its unique selling point and what makes it stand apart from the crowd.
That’s not to say that we don’t like that Spreadex has fixed odds bets and a casino with live options. We do. But there’s no doubting what the main event is here. So, if spread betting is something you are interested in, then we think you can do a lot worse than right here. And if you decide that you want to play casino games or bet with fixed odds from time to time, it’s always great to have that option too.
Spreadex isn’t a perfect site. It could use some more promotions and design wise. it’s a little dry. In all honesty, we don’t imagine they will have too many customers who have chosen it for its casino or fixed odds options alone. But when thought of as a spread betting site with some extras, it stands up well to scrutiny.