SpreadEx, a well-known and trusted betting site, is running a promotion for new customers to sign up and get £40 in free bets.
New customers simply have to register before making a first deposit and wagering £10 on any fixed odds market at odds of 1/2 or greater.
Once the qualifying wager settles, customers will receive the first payout of free bets, followed by two more instalments of free bets.
Below, we’ve run through the SpreadEx sign up offer and bonus, including how to qualify, how to claim the free bets and any relevant terms and conditions.
What is the SpreadEx welcome offer?
The latest SpreadEx welcome offer is one of the biggest available to UK punters, in which new customers can get £60 in free bets when signing up and depositing (and then wagering) £10.
New customers based in the UK who sign up using one of the links in this article can enjoy this huge welcome bonus.
After registration, punters must make a minimum deposit of £10 via an eligible payment method. SpreadEx is also one of the standout Apple Pay betting sites and Google Pay betting sites on the market, offering mobile customers fast and secure online transactions.
Once customers have made their deposit, the next step is to make a qualifying bet of at least £10 on a fixed-odds sports event with odds of 1/2 or greater.
Once the qualifying bet is settled, customers will receive 1x £10 free fixed odds bet, 1 x £5 free total goals football spread bet, 1 x £5 racing winning favourites spread bet and 1 x £1 horse racing race index spread bet.
Over the next two days, bettors will be credited with further bonuses, always split up in the same way but minus the £1 Racing Index spread bet.
Customers must open a spread betting account to use spread bet free bets, and the free bet can be placed in-play but cannot be cashed out and must run to the conclusion of the bet.
Free bet stakes are not included in any winnings from the free fixed odds bets, and they must be used within 28 days.
How to claim the SpreadEx sign up offer
Step 1: Use one of the links in the article to sign up for SpreadEx.
Step 2: Click the ‘join here’ button before entering your personal details into sportsbook, including name, date of birth (over 18s only), address and mobile number.
Step 3: Make an initial deposit of £10 or more using an eligible payment method, including bank transfer, debit card or Apple Pay/Google Pay.
Step 4: Place a £10 qualifying wager on any fixed-odds sports market at odds of 1/2 or greater within seven days of registration.
Step 5: Once the qualifying bet has settled, you’ll receive one-third of your free bets immediately. The rest of your free bets are paid out in 24-hour intervals over the next two days.
Step 6: Use all free bets within 28 days of them being credited.
Key terms and conditions of the SpreadEx sign up bonus
Remember to read the terms and conditions of the SpreadEx sign up offer before registering. There are further T&Cs that you need to be aware of, and these may also include those below:
- This offer is only available for new customers based in the UK over the age of 18.
- Customers must sign up and deposit £10 using an eligible payment method, and they must bet at least £10 on a fixed-odds sports market with odds of 1/2 or greater.
- This offer cannot be used in conjunction with any other SpreadEx offer.
- Unless otherwise stated, clients reopening SpreadEx accounts do not qualify for the offer.
- You need to open a full sports spread betting account to use the 3 x £5 free total goals football spread bets, 3 x free £5 racing winning favourites spread bets and 1x £1 racing cace index spread bet. Please consider whilst these are free bets, it is possible to incur losses that exceed your initial stake.
- Customers who are ineligible for any promotional free bets will also be ineligible for these promotions.
- No staff member (or any relation or partner thereof) of any spread betting or fixed odds bookmaking firm is eligible to take advantage of these offers.
How does the SpreadEx welcome bonus compare to other betting sites?
Overall, SpreadEx offers the most valuable welcome bonus on the market. The bonus tops the £50 in free bets you receive when joining Betfred and is double what you’ll get when you join an established operator like bet365 and William Hill.
However, half the bonus is reserved for spread betting. If you are unsure of how spread betting works, this may not be the right sign-up offer.
Spread betting is a totally different game from traditional wagering on football betting sites and horse racing betting sites. Punters can lose more than they originally staked when spread betting and it should be treated with caution.
The table below provides a quick summary of the SpreadEx welcome offer against competitors.
Bookmaker |
Welcome offer |
Bonus code |
|---|---|---|
Bet £10 get £40 in free bets |
None required |
|
Bet £10 get £50 in free bets |
BETFRED50 |
|
Bet £20 get £40 in bonuses |
None required |
|
Bet £10 get £30 in free bets |
None required |
|
Bet £10 get £30 in free bets |
INDY2025 |
|
Bet £10 get £30 in free bets |
R30 |
How does spread betting work?
Our betting experts have put together a great ‘what is spread betting’ guide and bettors are encouraged to read it before claiming the SpreadEx sign up offer.
For those seeking a brief summary, spread betting is wagering on a range of outcomes, which can include the total number of points a team collects in a league season, the number of goals in a football match or how many runs a specific cricketer might score in a game.
SpreadEx will set the spread, which is the range they expect the total of that choosen market to finish within. Bettors then wager on whether they think that number will be higher or lower than SpreadEx’s prediction.
For example, Liverpool are playing Arsenal in the Premier League and SpreadEx have set the spread for the total goals market at 3.1-3.3. If a punter thinks there will be more than that number of goals in the game, they buy and if they predict there’ll be less, they would sell.
Your stake is how much you wish to wager per point of movement. This is where spread betting can get messy.
Using the Liverpool vs Arsenal example, if you bet £10 on there being over 3.3 goals in the match and the game finishes with five goals, you’d win £17 (5 goals - 3.3 goals x £10 = £17 return). However, if the game finishes goalless, you’d lose £33 (0 goals - 3.3 goals x £10 = £33 loss).
Being successful at spread betting takes practice, but those hoping to learn can benefit from using the free spread bets that come with the SpreadEx sign up offer.
SpreadEx offers for existing customers
SpreadEx offer one of the best welcome offers on the market, but that’s not to say that there are not plenty of promotions for existing customers.
Referral: Users can get free bets for nothing by referring friends to SpreadEx. If your friend signs up and places a bet online, you will receive free bets up to £100 in free bets on spread betting and £50 in free bet on the fixed-odds sportsbook.
Acca boost: SpreadEx is one to look out for among the best accumulator betting sites. Accas with three legs or more will receive a percentage boost. The more legs your acca bet contains, the higher the boost, with a maximum boost of 100 per cent on accas with 20 legs.
2nd to rag insurance: SpreadEx offers insurance for horse racing bettors, paying your stake back as a free bet up to £25 if your horse finishes second to an outsider with an SP of 33/1 or greater.
First past the post: SpreadEx credits winning bets for the horse that crosses the line first, even if that horse is later demoted. SpreadEx pays on both the FPP and the eventual winner of the race.
Double odds: If your Lucky 15, Lucky 31 or Lucky 63 settles with only one winner, SpreadEx offers double the odds of your winning selection.
Reasons to join SpreadEx betting
SpreadEx is one of the most compelling sports betting sites on the market. Here’s why:
Welcome offer: SpreadEx has one of the best welcome offers on the market, allowing users to enjoy free bets on both sides of its sportsbook for spread betting and fixed odds.
Promotions: As well as the SpreadEx sports welcome offer, the site offers plenty of promotions on offer for existing customers on both platforms.
Usability: The site itself, and the betting app, are straightforward to use. Spread betting and fixed odds are all situated within one site and betting app, with a detailed help centre and live chat available for customer support issues. There is also phone and email support available.
Responsible gambling
It is important to practice safer gambling online, and SpreadEx can help bettors stay in control of their betting through their detailed safer gambling hub.
This offers users support if required, and details help for both its fixed odds and spread betting product.
As you’ll find on all UKGC licensed gambling sites, there is a range of tools available such as deposit limits, profit and loss calculators, reality checks and self-exclusion options. If necessary, there is also a product block available.
If you need to seek help for a gambling problem, there are various charities that can help if you ever feel your gambling has got out of hand:
Summary: SpreadEx welcome offer
The SpreadEx sign up offer provides one of the best value bonuses for new customers on the market.
The SpreadEx offer gives customers £60 in free bets, and it’s relatively straightforward to qualify for the large welcome bonus. After registration, the only requirement is a £10 qualifying bet at generous odds of 1/2.
The free bets are valid for 28 days, which is far longer than you’ll get from most bookmakers to use a bonus. And even if you don’t use the free spread bets that come with the SpreadEx sign up offer, you’ll still receive £30 in free bets for the fixed odds sportsbook, which is more than a lot of betting sites give to new customers.
Pros |
Cons |
|---|---|
One of the most valuable welcome offers on the market |
Free bets not released in one tranche |
Low odds of 1/2 for qualifying wager |
Part of the sign up offer is reserved for spread betting |
Few limits on deposit methods |
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