SpreadEx is unusual in offering both fixed-odds betting and sports spread betting on one account, which is why its welcome package mixes free fixed-odds bets with spread bets. Spread betting losses can exceed your stake, so it suits experienced bettors.
BonusRated reviews the SpreadEx welcome offer for new customers as it stands now: Bet £10 Get £60 — min bet £10, stake not returned, singles allowed.
Our view: a fair free bet with a couple of restrictions that decide how much of it you actually get back. We rate the SpreadEx offer 3.7/5 for value and 4.1/5 overall.
SpreadEx Free Bet Offer & Promo Code Terms
| SpreadEx Free Bet | Bet £10 Get £60. T&Cs apply. |
| Free Bets | £60 |
| Min Bet | £10 |
| Stake Returned | No |
| Singles OK | Yes |
Here are the significant SpreadEx sign-up free bet terms and promo code details for new customers:
SpreadEX £60 free bets bonus offer terms: 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 and 3 x £5 Winning Favourites spread bets and a £1 racing Race Index spread bet. Promo code is optional. Full terms apply. 18+. GambleAware.org
Promo code: none required — register through our link and the offer is attached to the account.
Bet £10 Get £60
SpreadEX £60 free bets bonus offer terms: 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 and 3 x £5 Winning Favourites spread bets and a £1 racing Race Index spread bet. Promo code is optional. Full terms apply. 18+. GambleAware.org
Expert Verdict: SpreadEx
“The only place to go if you want Buy/Sell betting (e.g., “Buying” total runs in a Cricket match). Also has a very good fixed-odds sportsbook.”
The SpreadEx offer scores 3.7/5 in our analysis. Decent, but read the terms. Like most bookies, stake isn’t returned — only your winnings. You can use these on singles, which makes conversion easier. At 6x your stake, this is one of the better value welcome offers around.
SpreadEx at a Glance
| Best for | Bonus hunters looking for maximum value |
| Welcome Offer | Bet £10 Get £60 |
| Min Qualifying Bet | £10 |
| Minimum Odds | 1/2 |
| Stake Returned? | No |
| Singles Allowed? | Yes |
| Free Bet Expiry | 2 days |
| Cash Out | Available on most markets |
| Payout Speed | 24 hours |
| UK Licence | UKGC #2124 |
| Bonus Score | 3.7/5 |
| Overall Score | 4.1/5 |
Most Popular Betting Markets at SpreadEx
Our take on this: These are the markets UK punters bet on most frequently.
Football
- 1X2
- Over/Under
- Both Teams to Score
- Correct Score
Horse Racing
- Win
- Each Way
- Forecast
- Tricast
Tennis
- Match Winner
- Set Betting
- Games Handicap
Basketball
- Money Line
- Spread
- Totals
Accumulators
- 2-5 Legs
- Same Game Multi
- Bet Builder
Live Betting
- In-Play 1X2
- Next Goal
- Running Totals
Sports and Bet Types Available
Sports Covered
| Sport | Leagues | Coverage |
|---|---|---|
| Football | 40+ leagues | Good |
| Horse Racing | UK, Ireland | Good |
| Tennis | ATP, WTA | Standard |
| Cricket | International | Standard |
| Basketball | NBA, EuroLeague | Standard |
| Golf | Major Tours | Standard |
Bet Types Offered
- Singles
- Accumulators
- System Bets
- Cash Out
- Bet Builder
- Same Game Acca
- In-Play Betting
- Each Way
Odds Quality: How Competitive Are SpreadEx’s Prices?
We’ve analysed SpreadEx’s margins across popular markets. Lower percentages mean better value for punters.
| Market | Margin | Rating |
|---|---|---|
| Premier League 1X2 | ~106% | Standard |
| Tennis Match Winner | ~106% | Standard |
| Horse Racing Win | ~118% | Below Average |
| NBA Money Line | ~107% | Standard |
Industry average: Traditional bookmakers typically run 105-108% margins on football. Exchanges like Smarkets offer near-100% when accounting for commission.
Live Betting Experience and In-Play Markets
- Live Streaming — Limited or requires deposit
- Cash Out — Available on selected markets
- In-Play Depth — Standard live market range
- Bet Builder Live — Pre-match only
- Stats Overlays — Basic or none
Betting Restrictions and Rules to Know
These are the key restrictions that affect how you can use your free bets.
- Stake Not Returned — Only winnings from free bets are paid out, not the stake
- Short Expiry — Free bets expire within 2 days of being credited
Betting Tools and Platform Features
- Bet Builder
- Early Payout
- Partial Cash Out
- Edit Bet
- iOS App
- Android App
- Acca Insurance
- Stats & Insights
Who SpreadEx Is Best For (and Who Should Avoid It)
Good fit for
- •Bonus hunters looking for maximum value
- •Low-risk singles bettors
Not ideal for
- •Those expecting stake-returned free bets
- •Matched bettors (account restrictions likely)
- •Professional/sharp bettors (staking limits apply)
How We Rated SpreadEx
In plain English: We analyse 6 key metrics for free bet offers, then combine with operator quality for the overall score.
- 3/5 — Cash Equivalent
- 4/5 — Claim Difficulty
- 5/5 — Usage Flexibility
- 4/5 — Withdrawal Terms
- 1/5 — Expiry Window
- 5/5 — Real-World Value
Formula: Overall Score = (Free Bet Score × 40%) + (Operator Quality × 60%)
= (3.7 × 0.4) + (4.3 × 0.6) = 4.1/5
What we like
- 6x value (£60 from £10)
- 28-day expiry
- Low min odds (1/2)
- Includes spread betting intro
Could improve
- Spread betting has unlimited loss risk
- Complex token mix
- Staggered over 48 hours
Frequently Asked Questions
What is the SpreadEx welcome offer?
New customers can get Bet £10 Get £60. No promo code required. Minimum qualifying bet is £10.
Is the free bet stake returned at SpreadEx?
No, SpreadEx free bets are stake-not-returned. If you bet £10 at 5/1 and win, you get £50 (winnings only, not the stake).
Can I use SpreadEx free bets on singles?
Yes, you can use free bets on single selections at SpreadEx. This gives you more flexibility in how you use them.
What are the minimum odds for SpreadEx free bets?
Free bets at SpreadEx require minimum odds of 1.0 (below Evens). Bets at lower odds won’t count.
How long do SpreadEx free bets last?
SpreadEx free bets expire 2 days after being credited to your account. Make sure to use them before they expire.
Is SpreadEx licensed in the UK?
Yes, SpreadEx holds a UK Gambling Commission licence (number 2124). This ensures they meet strict standards for player protection and fair play.
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