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Spreadex Bonus Code 2020

The Spreadex Sign Up Offer Reviewed

Spread the wealth — that should be the Spreadex motto. It’s in their name! And spread the wealth they do, as Spreadex are offering a tasty £25 welcome bonus.

But how do you possibly claim it? Well, it couldn’t be simpler: just click on one of the many orange buttons on this page and you’ll be taken straight through to Spreadex offers!

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Although, if you’re not confident about this lesser known bookie, have no fear — we’ve gone into plenty of detail about the Spreadex bonus. Just read on!

Spreadex was founded by former City dealer Jonathan Hufford back in 1999. It 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. Their website is easy to use and navigate, thus making placing your bets quick and easy. There is also an excellent section on it to introduce you to the world of spread betting.

There is no Spreadex horse racing promo code that needs to be entered to take part in the Spreadex horse racing sign up offer for new customers. This deal can be used for other sports too.  It’s not too different to what’s on offer with other bookies as you’ll get bonus bets as a reward for signing up. There are terms and conditions involved, which include wagering requirements within a set timescale, and we will look at them in more detail later in this review. Spreadex also have other offers for which no Spreadex horse racing bonus codes are needed. So, read on to find out all about what they have to offer.

Introduction to Spreadex Bonus Offer

Just to make it clear, the is no Spreadex horse racing bonus code 2020 that needs to be entered when opening an account with Spreadex to take part in their welcome offer. You have to meet wagering requirements of £25 on odds of 1.50 or higher within 28 days of registering for an account. Only fixed odds markets qualify in meeting the target, so don’t forget to check out the Spreadex terms and conditions to be aware of what they are.

Once you have hit your chosen target as part of Spreadex horse racing joining offers you should find that you get £25 in bonus bet tokens. These will be distributed in five separate batches of £5 in bonus bets over consecutive days. Check out our in-depth look at the Sporting Index Promo Code.

Eligibility: Open to UK and Irish residents. Available to debit card holders aged 18 or over. Other deposit methods available. Not available to those who have an account registered in/to their name, home, email and IP address.

Withdrawal: You just have to meet the qualifying wagering requirements and then use your bonus bets as you please. Money withdrawn for Spreadex usually takes between 2-5 working days to reach you bank account.

Activation: There is no Spreadex horse racing bonus code uk customers need to enter to activate the welcome offer. It is done automatically when you start placing your qualifying bets which must be made within the first 28 days after registering for an account. Only markets with odds of 1.50 or more qualify for the welcome offer.

Payment Options: Qualifying deposits can be made through a number of methods. All major debit cards are accepted for the Spreadex horse racing sign up offer. Customers must be aged 18 or over.

Timeframe: You have 28 days to meet the wagering requirements in the Spreadex offer for new customers. Once you have your qualifying bets settled, you’ll automatically get your bonus bet tokens.

Betting Markets: There are many betting markets which qualify in the Spreadex offer for new customers. For horse racing these include Favourites, Starting Prices, Racing Post Favs, Spotlight Verdict, Multi-Mules, and Squared Numbers. Bets just have to be on odds of 1.50 or higher.

Tips on How to Use the Bonus

Study, study and more study!

Studying the form is the proven formula to making your betting on horses more profitable. When it comes to spread betting it can enable you to find an edge and potentially a big win. There are a vast amount of factors that need to be taken into account when making a selection such as going, track and weight and if a trainer is in particularly good form. Learning how to study will provide  you with the vital information needed before placing your bets. If you think the Spreadex have got a particular market wrong you can then bet with more confidence. Concentrating on a specific type of race, such as handicaps, is also a good idea. It means you can spend more time analysing races that fall into your expert category, thus enabling you to find and angle and where the value lies.

Cash-in on existing customer offers

Spreadex also have offers for existing customers for which no Spreadex horse racing promo codes are needed. If you place three sports spread bets online on the same sport’s qualifying markets in the space of 10 minutes and you’ll get a fourth bet spread-free at the mid-point of the spread. The size of the spread-free bet will be up to the value of the lowest staked bet of the three qualifying bets. Full details available on the website. Spreadex also have a refer a friend offer where you can get a risk free £100 Total Goals spread bet. There are Spreadex terms and conditions attached but, if you have plenty of friends interested in getting involved, it’s a great way to get some Spreadex bonus cash. There currently aren’t any Spreadex horse racing bonus codes for existing customers, but this could change so keep checking out their promotions page.

Looking for a different bonus offer? Try our McBookie Review.

Our Expert Tips to Get the Most out of Spreadex Offers

Understand how spread betting works

This is different to regular fixed odds bets on horse racing, as you are gambling on the spread. With horse racing, that is going to be distance markets, so you need both a general understanding of the overall concept and how it applies particularly to this sport. Developing that isn’t something that newbies with no background of horse racing betting will find easy either.

If two horses are closely matched on ratings, form and in the ordinary betting, then you may wish to use that as a guide to which spread bets you place. The margin of victory may be narrow, or the horse you are backing may only just do enough to win its races. Knowledge is power, as ever with betting. Make sure you have got the basics covered, because that is a sound horse betting strategy for playing on the spread.

Learn when selling is better than buying a bet

There are times when a false favourite heads the market, and that gives you reasons to take them on. After all, two-thirds of all favourites on average don’t win horse races. Just because Spreadex offers exist that promote a fancied runner is no guarantee of success. It may instead be wiser to lay weak or false favourites by selling a bet rather than buying into them by backing such horses.

This is one of the advantages a firm like Spreadex has over your regular fixed odds online bookmaker. You can bet against favourites without naming an alternative, simply by selling a trade on them to lose. As you would with a betting exchange, developing a sense of when it’s right to lay a horse can prove rewarding. This is a fine judgment, though, and again requires both experience and knowledge to get right.

Educate yourself about indices

Another unique trait of Spreadex offers are that they can be used on indices markets. These are points based systems which award a set value to the performance of favourites or the winning horse relative to the number of runners involved in the race. There are also jockey indices with points based on how their mounts perform on the same card.

You could easily turn one or other of these markets to your advantage. If you like the look of a jockey’s book of rides for instance, then spending the Spreadex bonus betting on them having a good index in terms of points could prove the wisest wager. Alternatively, if you don’t fancy many favourites, then buying them to have a low combined score on the card could also turn a profit.

Use the Spreadex bonus to mix things up

This is the perfect opportunity to try out new forms of betting through Spreadex. While one bonus may be for fixed odds wagers, your account balance can still be used to sample the spread. You may fancy betting on the SP of the winner in a big field handicap where you think there might be a turn up and an outsider tastes victory.

What Spreadex offers can do is help you develop a broader range of gambling experiences. If you are thinking of betting with this firm, then you must already be pretty open-minded in this direction. You never know. You may end up discovering a form of betting/trading which really suits your style of gambling!

Handicaps can help with distance and match bets

A smart use of the Spreadex bonus could be to bet on the distance or match betting markets for two horses who have met before. This involves careful study of the terms of their previous meeting(s) and what weights they meet off today. In the event a horse is better off in the handicap for a narrow defeat, then that suggests they may be a match bet to turn previous form around.

Familiarising yourself with how the official assessor forms a handicap that determines what weights a horse carry can be very useful, then. It helps you to identify when there are favourable terms and occasions when horses are put at a disadvantage. Taking this information into spread betting and by using Spreadex offers, you may be able to get more from both buying and selling bets.

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Frequently Asked Questions About the Spreadex Bonus

Can I use Spreadex offers across different platforms?

As Spreadex offers both a fixed odds betting and spread betting service, the promotions are limited to one type of gambling. For instance, you cannot receive the best odds guaranteed on all UK and Irish horse racing for spread markets as such an offer only exists for fixed odds bets. If a Spreadex bonus relates to spread betting, then it doesn’t apply to the fixed odds prices.

Can I use my winnings from the Spreadex bonus to buy and sell bets?

Yes, you can. The great thing about Spreadex is that your account balance is available for both forms of gambling. Any winnings you make from a fixed odds betting offer can be reinvested if you so wish in buying and selling spread trades. Be warned, though, there are different rules governing the two forms of gambling.

Do I pay commission on this welcome bonus?

No. A Spreadex bonus for the fixed odds betting service, no commission is charged like there would be on a betting exchange. You are free to keep 100 per cent of winnings made from any offer. Any Spreadex free bets used do not see stakes returned, however.

When you buy and sell trades, there is no commission charged like on the exchanges, so factor this into your betting plan. That means with Spreadex sign up offers that are to be used on the spread markets, you may keep all your winnings too. However, if the bet loses, it is not just your stake that is lost but further funds will be deducted from your account.

What horse racing markets can I use the Spreadex sign up offer on?

According to the terms and conditions of the Spreadex bonus, you can place qualifying bets at minimum odds of 1.50 (1/2) on the following horse racing markets: Favourites, Starting Prices, Racing Post Favs, Spotlight Verdict, Multi-Mules, Squared Numbers. All of your bets must be struck before the first race of the meeting in question in order to qualify.

Additional Rewards & Loyalty Programs

“Spread-free bets” a Spreadex offer that rewards your loyalty

Place three qualifying sports bets on the horse racing markets listed below in the space of 10 minutes and get a fourth one on Spreadex. If you’re interested these are the horse racing spreads that qualify: Double Numbers, Favourites, Favourites Rush, Starting Prices, Winning Distances, Racecard No 1s, Racing Post Favourites, Squared Numbers, Stop at a Winner, Bottom Weights, Jockey Index, 2nd to 3rd Distances, Multi-Mules, Spotlight Verdict, 99s Distances, Heads You Win, Double Draw, SM Jockey Index.

The fourth bet you place is spread-free. This Spreadex offer can be claimed as many times as you want, provided you meet qualifying criteria. Further details of the terms and conditions can be found on the site.

Refer a Friend Scheme

There is a Refer a Friend Spreadex offer which could be worth your while looking into. If you tell a friend about their betting services and they fancy signing up, make sure your chum mentions your name and postcode on the welcome call when they join. When your friend has placed five qualifying sports spread bets (minimum stake £2) and each has the potential to win or lose £20, you can claim a £100 total goals spread bet.

Spreadex Sports Bonus

Bonus Intro

There is no Spreadex horse racing bonus code for new customers needed to get involved in their welcome offer. There are £25 in bonus bets up for grabs once you have met the wagering requirements. See how this compares with the Betdaq sign up bonus.

Reality Test: Wagering the Bonus

If you bet more than £25 on odds of 1.50 or higher £25 in bonus bets can be claimed. All qualifying bets must be placed within a 28-day period of opening an account. There are many markets which can be bet on. For horse racing these include bets on Favourites, Starting Prices, Racing Post Favs, Spotlight Verdict, Multi-Mules, and Squared Numbers.  There are many other markets for major sports like football which also count and a full list is available in the promotions section of the website. It must be stressed that only fixed-odds bets on odds of at least 1.50 qualify for the new customer offer. Once you have met the wagering requirements you will get your welcome bonus. Full terms and conditions are available on the website. There is only one offer per person, home address, email address, or IP address allowed. It is available to over 18s only and previous and existing customers of Spreadex  do not qualify for the offer. Full terms and conditions are available on website, so make sure you check them out before placing your qualifying bets.

Bonus Withdrawal

At this point we would usually discuss about how to go about withdrawing bonuses. But this deal merely requires you to put down £25 on odds of 1.50 or more, and then you’ll get to use your Spreadex free bets as you please. So we will concentrate instead on a reminder of what withdrawal options available.  You can use debit cards or eWallet services for deposits and withdrawals. All qualify for the welcome offer.

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.

 

Pitfalls & What to Avoid when Claiming the Bonus

Spread betting totally different to fixed odds

Betting on fixed odds gambling is fairly straightforward and must be used to get this bonus, but betting on the spread is is far more complex and completely different. Developing and understanding of how the spread works and the high risks involved is an absolute must. Spreadex have produced an excellent guide on site, so check it out!

Never chase losses

Whilst there is the potential to win big when spread betting if you get it right, you can also lose far more than your initial stake if getting it wrong. That means it is vital that if being hit with a big loss that you don’t chase losses. Spread betting can be highly volatile, so stick to your stakes.

Don’t bet on sports you don’t know

Betting on sports that you know is ultra important when it comes to spread betting. As mentioned it carries high risks and there is the potential to lose far more than your initial stake. Develop a strategy and always bet on sports you have a sound knowledge of.

Bonus Conclusion

Around the clock customer service and wide range of betting markets and make Spreadex a good choice to sign-up to for horse racing fans. Getting to understand spread betting is a must as it is high risk, but Spreadex have this covered with a great to getting started available on its website. Being able to get £25 in Spreadex free bet tokens in their new customer offer is a great deal that should provide real competition to other bookmakers.

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Overall Conclusion

As previously touched on it’s a shame that there aren’t any Spreadex horse racing offers available on a daily basis. However, overall there is a tremendous offering available for horse racing fans in the shape of fixed odds and spread betting markets. You can also bet In Play on the sport of kings and there is some real value to be had. The Spreadex app is also great and very easy to download and use. If this bonus isn’t exactly what you were looking for, try our Matchbook Promo Code.

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