Last Updated on Tuesday, 30th Jun 2020
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Spreadex

Introducing the Spreadex Horse Racing Review

Spreadex is a bookmaker which specialises in spread betting but also offer clients the chance to bet on traditional fixed odds markets too. The firm has hundreds of markets on which to bet on, including horse racing. Spread betting gives you the potential to win if your are right, but if your wrong then you can lose much more than your initial stake. We will look as this in detail as part of our Spreadex horse racing sportsbook review and also what the firm has on offer for new customers.

Spreadex was founded by former City dealer Jonathan Hufford back in 1999. The Spreadex sports betting service launched online in 2006 and is now based in St Albans, Hertfordshire. Its spread betting operations is authorised and regulated by the Financial Conduct Authority. For fixed odds sports betting the licence comes from the United Kingdom Gambling Commission. Our Spreadex horse racing review will look at the differences between spread betting and traditional fixed odds betting. We will also look at the Spreadex new customer offer where there are two types of iPads up for grabs. These having staking requirements of £300 and £500 within 28 days of opening an account. There are also only certain markets which can be bet on, and full details can be found in the Spreadex terms and conditions available on the website.

Our Spreadex horse racing sportsbook review will also take you through the sign up, deposit, and withdrawal processes. It will also show you how to place a Spreadex horse racing spread bet as well as having a wager on Spreadex fixed odds markets. Betting limits, offers, payment options and customer service will also come under the spotlight along with In Play betting and the Spreadex mobile app. At Horsebetting.com we leave no stone unturned to enable you to fully understand about what this bookmaker has to offer. You can then make an informed decision on ‘is Spreadex horse racing good?’ and if they are the right firm for your betting needs. So check out the screenshots below to get a taste of what Spreadex is about before reading on to discover all they have to offer.

Know Your Bookmaker

Now it’s time to look at what Spreadex horse racing markets are available and what other sportsbook products there are to bet on. We will look these along and what sign up offer is available for you. Betting limits and how good the Spreadex App is will also come under examination. By looking at every aspect of this firm it will enable us to give Spreadex horse racing a rating based on user experience and see how they compare to other firms. We will then give our concluding thoughts on whether Spreadex is a good choice, or not, to sign up to for horse racing fans.

Spreadex Welcome Bonus

Spreadex don’t offer a welcome bonus as such. But new customers do have the chance to get their hands on an Ipad! If you bet more than £300 on qualifying markets an iPad with 32GB of space can be claimed. If staking more more than £500 you can claim an iPad Pro 10.5″ with 64GB of space. All qualifying bets must be placed within a 28-day period of opening an account. There are only certain markets which can be bet on but these include horse racing. Only spread bets qualify for the new customer offer. Once you have met the wagering requirements you must contact customer services to claim your iPad. Full terms and conditions are available on the website.

There are terrific amount of Spreadex horse racing markets on offer, with spread betting and fixed odds giving you the choice of how to play. These include spreads on winning distances and favourites at every meeting. Ante post Spreadex racing fixed odds betting is also available and Spreadex has a large financial betting section. There is also a great In Play section which includes horse racing spread betting markets. More on that later.

It’s time to get the basics out of the way so we are now going  to guide your through the process of opening an account. Our easy step-by-step guide shows you how quickly sign up. We will also take your through the depositing process,  how to place your first bet, and make withdrawals from Spreadex. At Horsebetting.com we want to make things as simple as possible for you. So follow the instructions in our manuals below to get started with Spreadex.

Spreadex Mobile App

Spreadex has apps available for both Android and iOS users, as well as mobile version of the sportsbook, allowing you to place both sports spread bets and sports fixed odds bets on thousands of events around the globe whilst on the go. The design mirrors that of the desktop version and is fats and easy to use. If you want to bet on Spreadex financials there is a separate app available for that platform. The only downside which has a slight impact on Spreadex horse racing ratings is there’s currently no live streaming available.

How To Open Your Account

Step 1: Click on open Account in the top right-hand corner of the homepage. A registration form will now appear asking you for your personal details.

Step 2: Fill in the required l information and choose a password and  preferred username and security question. Tick over 18 box. By doing so you are agreeing to Spreadex terms and conditions.

Step 3: Once completed you will have to wait 24 hours for your account to be approved by Spreadex.

Payment Methods

The easiest way to deposit with Spreadex is via Maestro or Visa debit cards. You can also make a bank transfer or send a cheque. There is also an option to set up a monthly direct debit with the firm, but Spreadex does not accept payments via eWallet services such as Neteller and Skrill.

How To Make Your First Deposit

  • After using your Spreadex login to access your account and click on Deposit. Choose a payment method to suit.
  • Spreadex accepts all major debit cards; eWallet options are not available, but bank transfer and cheque payments are accepted.
  • Choose the amount you want to deposit. The minimum is £1.

How To Withdraw Your Winnings

  • Visit the My Account section and click on the withdrawal option. The minimum withdrawal is £50 assuming it is not being used to support the margin on any positions.
  • If you have less than £50 in your account you have to withdraw the full amount and Spreadex reserve the right to charge a £1 transaction free
  • Enter the amount you want to withdraw and click to confirm withdrawal. If using a debit card it takes between 2-5 working days.

Customer Service

Other Spreadex horse racing reviews have rated them highly when it comes to customer services, and we have to agree and give them a big thumbs up. The firm has won awards for it and help is available around the clock, seven days of the week, via live chat. You can also call them on 01727 895090, between 8am and 5.30pm, or send an email to [email protected]. Spreadex also has contact details on its website to get in touch with the sports trading room team who are available 24/7 every day of the week.

Licence & Security

Spreadex Ltd as a whole is regulated by the Financial Conduct Authority. Their betting site and all subsequent activity is licenced by the Gambling Commission in Great Britain. This means that Spreadex’s betting operations are regulated and in-line with current laws and regulations. If betting via the Spreadex platform, you can have peace of mind that you’re engaging in a legal and fun acitivity. They are committed to creating a safe environment for their customers and supports Responsible Gaming.

Due to their licence, they must also adhere to strict security measures. The latest in SSL technology is implemented across their platforms which encrypts all transactions and information. Their database is securely managed and protected.

Spreadex Sports Betting

Betting Markets

As well as an excellent sports and financials section, there is a Spreadex casino available if you are also into gaming. Poker and Blackjack are among table games featured, and as well standard roulette you can also play against a live dealer. You can also try your hand on video poker, with stakes ranging between £1 and £100 a hand. A wide variety of popular games and slots also feature, so there is something to suit everyone’s taste at Spreadex.

Live Betting

When it comes to live betting Spreadex is right up there with the very best. It is easily accessed from the top bar on the sportsbook homepage and covers all major sports like cricket and football, plus horse racing! The horse racing markets are spreads such as winning favourites, winning distances and how a particular jockey will fare. There is currently no live streaming available, but overall it’s a terrific and alternative offering.

Odds

Spread betting is more high risk, but the rewards can be massive if you get it right. Conversely get it wrong and you can lose much more than your initial stake, Spreadex have  put together a series of pages to explain some of our key markets in different sports, including horse racing. They offer great advice in simple way so make sure you check them out to see if spread betting appeals to you and is an affordable option.

Betting Margins

Betting margins are what bookmakers build into their odds to ensure that they make a profit. It’s important to get to understand them so that you know where the value lies when it comes to placing your wagers. Horsebetting.com is here to help and we are going to compare betting margins for you. Check all the info out in the table provided below.

Our table features popular sports with handy percentages that are easy to understand. It is split into two sections, one for markets before an event takes place and the other for live In Play betting. This enables you to compare Spreadex to other bookmakers and see which is offering the best value.

Betting Limits

Due to the fluctuation of the markets, which can sometimes be very volatile, it is impossible to calculate what is the maximum you can win when placing a spread bet. At Spreadex the minimum amount you can stake on spread markets varies depending on the sport, with most ranging between £1 and £5. For some it can be as low as 25p. When it comes to fixed odds betting the most you can win on UK and Irish races is £500,000. Racing in all other countries covered by a Spreadex full service is £100,000.

Conclusion

So now that we have reached the end of our Spreadex horse racing sportsbook review we can give our verdict on what they have to offer for horse racing fans. With fixed odds betting available alongside a superb spread bet offering there is a tremendous choice when it comes to Spreadex racing products. In Play betting is also available on the sport of kings, and when it comes to customer service Spreadex gets top marks. As a result we think Spreadex has lots to recommended it.

Another good reason to join Spreadex is that you can get an iPad. There are two up for grabs depending on how much you wager within the first 28 days of registering for an account. One requires £300 to be staked, with the higher grade model requiring £500. That may appear a lot at first glance, but if you a regular punter its equates to just over £10 a day for the former and that is easily achievable for most punters.

Have you bet with Spreadex? If so, please share your experiences whether they be good or bad. By signing up to the Horsebetting.com horse racing community for free you can post your very own Spreadex review below.

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