Spreadex Ireland 2024 Review - Claim a €60 Exclusive Welcome Bonuses

If you think you’ve seen all there is to see within Ireland’s top sportsbooks, then you may want to save judgement when it comes to Spreadex. This is the stock exchange of sports betting. Make no doubt about it, even for the sporting betting connoisseur, a bit of homework might be needed to understand what’s going on here. If you want supremely special sports betting services, then this is as elite as it gets amongst Ireland’s sportsbooks. We’ll be discussing who they are and what they do. They’ve more than 20 years of betting experience under their belt and it’s working ever so well. Will you be spreading your time out over Spreadex sportsbook?

Author: Orla Byrne

Spreadex Highlights by Category

Who Are Spreadex?

For seasoned and newly arriving players, we’re going to spend some time discussing what goes on here. This is because Spreadex is the only sportsbook to offer sports spread betting and fixed odds betting.

The service was conjured up in 1999 by Jonathan Hufford. To no surprise, he started his career as a City trader.

What makes Spreadex so special is that it has been listed 3 times by the newspaper Sunday Times in their top 100 fastest growing companies and was also named in the FT 1000 report covering Europe in 2017.

Right now, there is probably one glaring question you all have, what on earth is spread betting?

So, this looks at the probability of what goes on within a specific sports bet market. An example of this would be to look at the number of total goals in a football match. The market may only give you a range of goals between 2.8 and 3.0.

If you were to predict that the outcome of this bet was to be higher than the range offered, then you would choose to buy this bet. If you were to predict the outcome would be lower than the range, then you would choose to sell.

What makes betting like this beneficial is that getting a bet wrong doesn’t affect the continued running of the bet. The more you’re right in the prediction of your spread bets, the more you can win. Should you lose, then you drop multiples of your original stake, but by no means is the bet concluded.

This is what separates Spread Betting from traditional Fixed Odds Betting.

This is how bets look under Spread Betting, given that there are no distinct odds.

Using the same example as before. If you have a total goal spread that is 2.8 to 3 and you place a €10 to BUY (meaning there will be more than 3 goals), then your return is relative to the number of goals scored against the market cap.

Example: 5 goals scored. 5 goals minus the 3-goal market cap = 2. The profit is 2 x €10 = €20. This is what you would win should you place this BUY bet.

Should the result of the match end in a 0-0 draw, you would lose €30. This is because you are minus 3 of the market cap. 3 x €10 = €30.

These principles of buying and selling work across many sports and thousands of markets.

Take note Irish race fans, because this is actually a great way to be against favourites in horse racing. If you do not fancy a favourite to win, you simply SELL on the index market.

This is as brief as we will be regarding this. A full explanation is on the Spreadex website with a video to introduce you to spread betting. There is a training section that helps to understand this type of betting in a more hands-on way.

Fixed-odds betting is the kind of betting we are all familiar with, so no long explanation is needed (thank God).

Pros of Spreadex

✔️ With Spread Betting you are rewarded the more you are right

✔️ Access to THOUSANDS of betting markets across Hundreds of sports

✔️ Bet against favourites easier than just backing them

✔️ Bet Builder

✔️ In-Play Spread Betting

✔️ Bets can be made over whole events rather than a singular match

Cons of Spreadex

❌ Spread betting is about low returns

Is Spreadex Legal in Ireland?

Yes. The platform of Spreadex Sports company is completely licenced and approved by the United Kingdom Gambling Commission, under account 8835.

The act of spread betting is also authorized and comes regulated by the FCA (Financial Conduct Authority).

The Spreadex business is in full compliance with EU gambling laws, which is why and how players from Ireland can join without issue.

Sports Betting Catalogue at Spreadex

The categorization of sports is limited to those that can service sports betting markets. In total, there are 19 sport categories, which is one of the fewest. Yet, you have 1000s of betting markets, which is one of the largest in Ireland.

All 19 sports categories are as follows:

• Football
• American Football
• Handball
• Virtual Sports
• Rugby
• Cricket
• Tennis
• Snooker
• Horse Racing
• Basketball
• Baseball
• Greyhound Racing
• UFC
• Motor Racing
• Ice hockey
• Darts
• Table tennis
• Volleyball
• eSports

n.b. Understandably, given the passion for Horse Racing in Ireland, Spreadex provides incredible coverage that sees races from Gowran Park in Ireland to Muswellbrook in Australia. You can select GB and IRE races only if you wish to stay close to home.

Does Spreadex Offer eSports?

Spreadex does host eSports betting. If eSports is a new concept to you, then let us explain. What this betting option offers is console gaming played on multi-player console games by professional teams. The games include Dota 2, League of Leagues, and FIFA.

Esports is a niche betting option and games can be viewed live, with Spreadex providing links to Twitch channels hosting the events.

Welcome Bonuses Available at Spreadex

All online casinos and sportsbooks offer exclusive promotions and bonuses, so it is no surprise that Spreadex would have their own versions. In fact, if you join Spreadex through our link, you can get an exclusive bonus no other site can offer: bet €10 and get €60 in free bets. This bonus rewards you with both fixed odds betting and spread betting. Terms and conditions (T&Cs) apply to this offer.

How to Claim the Spreadex €60 Free Bets Bonus

1. Go to Spreadex and create an account.
2. Sign up to create your account in a matter of minutes.
3. Place a €10 bet with minimum odds of 1/2.
4. Receive 3x €10 free fixed-odds bets + 6x €5 free spread bets.
5. www.begambleaware.org

Further T&Cs apply.

What Are the Spreadex Bonus Conditions?

• The full list of qualifying sports bets can be found via our promotional link..
• This offer is open to 18+ customers only.
• Bets must be placed within 28 days of receiving the offer.
• The first €10 fixed odds bet and first €5 free spread bet will be added after your first qualifying bet. The next sets will be credited 24 hours later each.

n.b. All bonuses are subject to change. Check full T&Cs should you discover any bonus or promotion of interest.

Does Spreadex Offer Other Free Bets?

Yes, there are other promotions that return Free Bet offers on failed bets.

Here are some of the current available bonus offers:

• 1st Scorer Insurance: Money back Free Bet if first scorer bet fails but they do score last
• Spread-Free-Bets: Specialist Spread Markets bonus with 4th Free Bet that can be reclaimed limitless times
• Refer a Friend: Earn 100 EUR Total Goal Spread Bet when your friend places 20 EUR Spread bet

Does Spreadex Offer a Loyalty Programme?

No. Currently there is no VIP Club or Loyalty Rewards Program.

Spreadex Payment Methods

Spreadex has one of the toughest rules on banking, so much so that your choices are limited to direct bank payment systems. No third-party services are allowed.

What Are the Recommended Payment Methods for Irish Players?

You can not use any third-party payment service to make deposits or withdrawals. This includes Skrill, Neteller, EcoPayz, Bitcoin, and PayPal.

Only the following are allowed to help you with all financial services:

n.b. When you register your bank card, you will have to make a minor payment but there is no minimum charge fee.

How Long Does It Take to Withdraw from Spreadex?

Payments made with a debit card can take between 2 to 5 days. With a direct Bank Transfer, it should take no longer than 2 working days.

Spreadex Mobile Application

Spreadex is available for users of Android or iOS devices. The website of Spreadex has links to Google Play and the Apple App Store.

Both apps will give you special access to all betting options and live streaming content.

How to Download the Spreadex App

Downloading this sportsbook app is not different from every other app you’ve downloaded. Head to the app stored relative to our mobile and download the Spreadex app by following the installation instructions. More often than not, you only need to press install and the download is all done for you.

Should you use the app, after logging in with your username and password, you will be given an option to sign in with your biometric ID thereafter.

Spreadex Mobile: A Credible Alternative

The Spreadex app, though free, is not a necessity for accessing mobile gameplay. You can alternatively access the website via your smartphone browser. If you have no space on your device for an app, note that no app is required, and no further software add-ons.

Other Spreadex Services

Spreadex sport provides additional services that add to your experience of sports betting.

We discuss the four key additions; cash out options, live streaming, bet builders, and responsible gambling.

All these features can better your chances of making a profit, placing better bets, and offering greater management on how you control your finance and game time.

Cash Out at Spreadex

The option to cash out means you can end your bets and claim what profits are offered at the time.

The service of Spreadex also allows you to set auto-cashout on bets so you set limits to auto end your bets. Adjustments to the Cashout service can be selected by clicking on the settings (cog) next to the Cashout option on your bet slip.

Spreadex Live Streaming

Betting on live sports is an immersive experience, made more so when adding the option to watch the games unfold live. Spreadex offers live sports streaming to those that have bets placed on the specially selected games.

Access to live betting can also improve your decision-making when placing live in-play bets on televised games.

Bet Builder

The bet builder allows you to mix market bets within a single match or even. Normal betting means picking one market per game. Bet Builder can combine markets like full time score, goal scorers, number of corners, number of fouls, and both teams to score, which can all be selected from the one match to form a mix-markets bet slip. This can be done with both fixed odds betting and spread betting.

Responsible Gambling

The service known as Responsible Gambling is there to commit to safe services, help stop underage gambling, and form solutions against gambling addiction.

The service allows for members to set restrictions on their accounts.

Players can set time out limits and can impose self-exclusions to help their time management.

The members of Spreadex can also set limits financially. Restricting what can be deposited and what can be wagered in the sportsbook service.

Settings for these limitations can be imposed daily, weekly, or monthly.

The option to set restrictions is purely voluntary and can not be touched or removed once in place for 24 hours.

Does Spreadex Have Good Customer Support?

The Customer Support offered by Spreadex is first-rate and substantial in its content of information.

Help can be extracted from the support team by e=mail, phone, or by use of their live chat feature.

The sportsbook FAQ feature is plugged into an almighty database of answers and information.

Data provided covers Sports FAQs, Account FAQs, Technical FAQs, Spread Betting Glossary, Player Performance, Mobile FAQs.

There is a lot of information to help and a professional team on hand to guide you between the hours of 8 am and 5:30 pm

How Can I Complete the Spreadex Account Verification Process?

In applying for an account with Spreadex, you will need to pass the Know Your Customer (KYC) vetting process. This is a mandatory process implemented by law on sportsbooks and casinos by regulators.

The registration of an account must come with poof of who you are. This is the first line of defense.

You will be asked to attach photo proof of your ID by using one of these documents.

• Passport
• ID Card
• Driver's license

Next, you will be asked to provide proof of where you live. This can be done through submission of photo proof with one of these documents.

• Utility Bills
• Bank statement
• Tax letter

n.b. Residency document proof must be within 90 days of submitting your registration.

Spreadex Account Closure

Requests to close Spreadex accounts must be made in writing.

The address to send this request to is located on the Contact Us page.

You can clarify if e-mail will suffice, and it is not specified in their instructions.

Note, that once termination has taken place, all private login details are gone. Should you wish to come back at a later date to gamble, you will need to re-register, and you would not be eligible for any Welcome Bonus offer.

An alternative option would be to place your account in suspense via the Responsible Gambling service. This way you can self-exclude yourself up for a period that can be between 24-hours up to 6 months.

Spreadex Online Casino, Poker, and Bingo

Spreadex Sports is one of two things. Either it is a sports betting service or a financial trading platform. There are no slot games, there is no roulette, no blackjack, and no live casino gaming,

The world of financial betting is something wholly other and we strongly encourage research before you dive in.

The markets here include:

• Indices
• Shares
• Forex
• Commodities
• Bonds and Interest Rates
• Exchange Traded Funds
• Speed Markets

This is betting in a whole new realm and should only be tackled by those that understand marketing and trades.

It will allow you to trade of falling and rising market prices and all profits are void of tax. Customer Support can help and give advice if required. There is also a video to help you visually understand the processes.

This is one of a kind anywhere inside the Irish and global market.

The perks include tax-free trading, trading with leverage, no commission, and stop losses for risk efficiency.

The service can be experienced by mobile also. As this is not a sports betting or online casino service, there are no promotional offers that come with Financial spread betting.

CFDs and spread betting are full of high risk and are complex pursuits. Please read all the information that Spreadex provides for this service. You will need to understand how the markets work to cut your risk of losses, even though this is no guarantee of success.

You can contact the financial help desk for more information, but there is a ton of it on the website already.

Our Opinion on Spreadex

Spreadex is a complete one-off. No betting service is like this online, it’s a real take for players in Ireland.

Spread betting is only one side of the service you get here when it comes to sports. You will still have access to thousands of markets with fixed odds attached.

What spread betting offers is an alternative means of gaining capital.

As a betting platform, you are offered the standards of a top 10 service. You have every popular sport you could want.

Selected games and events from this offer live streaming to watch. You can create bet builders, Cashout bets, and enjoy numerous promotional offers that add to the service and entertainment of the sportsbook.

This should be a site that will interest those with an already embedded passion for sports betting. For new players, we can understand why it may appear overwhelming. However, it may better suit your luck by BUYING and SELLING markets than playing fixed odds. Only one way to find out.

We strongly advise that you take the time to read who the bets work, what markets are available for the sports you are passionate about most.

Spread betting brings with it volatile markets. There are big margins to gain from and smaller ones.

For its standout take on betting and because it is so unique, we highly recommend this, and its award-winning attributes are clearly evident

FAQs

Here are the most frequently asked questions about Spreadex and their need-to-know answers.