Spreadex Review Ireland: Bet €10 Get €60 in Free Bets

What Is Spreadex?

Licensed and regulated by the Gambling Regulatory Authority of Ireland (GRAI), Spreadex is a popular sportsbook that offers both fixed odds betting and spread betting. While you’re probably familiar with traditional fixed odds betting where you place bets on a sports event with pre-determined odds and potential returns, spread betting offers a different way to bet. Instead of placing a bet on a fixed price, you predict an outcome by ‘Buying’ (if you think the outcome will be more than the spread) or 'Selling' if you predict the outcome will be lower. Meanwhile, your profit or loss is determined by the accuracy of your prediction, rather than by the outcome.

Most Irish bookmakers only offer fixed odds betting, but Spreadex combines both fixed odds and spread betting markets. This makes the bookie perfect for Irish punters who enjoy both forms of betting or diverse betting styles and markets.

Spreadex Sign Up Process in Ireland

Signing up for an account at Spreadex is easy and fast, and to be eligible for the Spreadex sign up offer for Irish punters, make sure you’re signing up on the Ireland-specific site. Here’s a step-by-step guide on creating an account at the bookie.

1. Go to the Spreadex site or download Spreadex app: Use Spreadex banners or links featured on this page, as they will take you to the official Spreadex site for Irish betters where you can register easily. You can also browse Spreadex.com directly on your mobile or desktop browser, or download the Spreadex app.

2. Tap or click the ‘JOIN HERE’ or ‘CREATE ACCOUNT’ button: If you browse Spreadex.com directly on your mobile browser, you’ll be taken to the Spreadex brand homepage. You should then choose sports betting at the top and tap or click the ‘CREATE AN ACCOUNT’ button.  But if you use our links or banners in our Spreadex Ireland review page, you’ll be redirected to the new customer offer page, where you should tap or click on the ‘JOIN HERE’ button to register.

3. Enter your personal details: When you tap or click on the buttons mentioned in step two (2) above, a registration page opens. You then need to enter your basic personal details, including your title, first name, last name, email, phone number, date of birth, nationality, and country or residence. Also provide login details like your username and password.

4. Complete signing up: Before completing the registration process, provide your residential address details, then accept Spreadex's terms and conditions.

5. Verify your account: After registering, verify your email (you receive an email verification link) and then your identity by uploading a copy of your ID or passport. You also need to provide proof of your address.

Spreadex Sign Up Offer

As mentioned, Spreadex offer one of the largest free bets welcome offers in Ireland. Upon signing up, you get €60 in free bets when you deposit a minimum of €10 and bet €10 or more on any pre-match or in-play market at minimum odds of 1/2 (1.50)

Your €60 free bets Spreadex welcome offer is split into three free bets packages. You get a €10 free fixed odds bet plus a €5 free Total Goals football spread bet and a €5 racing Winning Favourites spread bet. After 24 hours, you then get the second free bet package of a €10 free fixed odds bet, a €5 free Total Goals football spread bet, and a €5 racing Winning Favourites spread bet. You also get a third Spreadex free bets offer of a €10 free fixed odds bet, a €5 free Total Goals football spread bet, and a €5 racing Winning Favourites spread bet, 24 hours after receiving the second offer.

Remember, you must claim the Spreadex sign up offer within 28 days of signing up or else the free bets expire. Cash out bets don’t qualify for the promotions, and before you claim the offer or place your qualifying bet, check the current terms for the Irish offer as the terms and conditions change frequently. You should also make sure you are claiming the welcome offer designated for bettors in Ireland, and which is displayed in euros (€), not in pounds (£).

Spreadex Betting Markets: Spread Betting and Fixed Odds

If you prefer standard fixed odds betting, Spreadex offers an extensive range of sports and markets that you can bet on. The sportsbook covers more than 23 sports, including football, horse racing, greyhounds, cricket, tennis, and basketball.

Football is the most popular sport with Irish punters at Spreadex, and it offers competitive fixed-odds prices. You can also bet on an extensive selection of Spreadex betting markets for football, including Match Odds, Both Teams To Score (BTTS), Correct Score, and Over/Under Goals. It also has a wide range of in-play betting markets with multiple options in Match Winner, Total Goals, and Correct Score markets.

Besides fixed-odds, football spread betting is also available, and you can bet on Supremacy, Total Goals, Match Result, Shirt Numbers, Bookings, and Corners markets. If you’re new to spread betting, it’s different from fixed-odds betting in that you choose to bet by ‘Buying’ or ‘Selling’ on an outcome, based on a specific line.

For example, Spreadex may predict that the total number of corners in a football match will be between 2.0-3.0. So, you could choose to ‘BUY’ (you bet the corners will be more) or ‘SELL’ (you bet there will be fewer corners than the ones the bookie predicts).

In the example above, if the number of corners at the end of the match is five, which is more than the maximum predicted by two corners, you would win 2 x €10 =€20 if you ‘Buy.’ But if there are no corners at the end of the game, you’d lose 3 x €10 = €30.

As you can see, your potential loss is not fixed on your stake in spread betting, and you may lose more than your bet if your prediction fails. You could even lose more than your deposit, making spread betting potentially more risky than fixed odds betting.

Spreadex App and Website Usability

With many Irish punters nowadays betting on the go, Spreadex has built its site with the latest HTML5 technology that allows the site to run smoothly on mobile devices of all screen sizes. The mobile site also loads fast without any lag, buffering, or interrupting your betting experience. And compared to the desktop site, which can seem cluttered and overwhelming, especially if you’re a beginner, the Spreadex mobile site has an excellent design and intuitive interface. It also features clear menus and tabs that make it easy to navigate.

Spreadex also has a native mobile betting app for iOS and Android devices that you can use in Ireland. If you have an iPhone or iPad, download the Spreadex app from the Apple App Store, and if you are using an Android smartphone or tablet, install the app from the Google Play Store.

Whether using the Spreadex mobile site or app, you can access all spread betting and fixed odds betting markets that you’d otherwise find on the desktop site. You can also place in-play bets and live stream major sports events from your mobile. In addition, the Spreadex app offers customisable push notifications for live odds changes and fixed odds promotions like early ‘Cash Out’ and odds boosts, among other promos.

Payment Methods

Spreadex accepts several payment methods for deposits and withdrawals in Ireland. The most common banking option is debit cards such as Mastercard debit and Visa debit, and the bookie offers fast withdrawal times of less than two hours for the majority of cards.

Another payment method you can use is Apple Pay and Google Pay, which are available for deposits and withdrawals. You can also use bank transfer, and it offers deposit and withdrawal times of 1-2 working days. 

Spreadex also supports Easy Bank Transfer. And unlike traditional bank transfer, which can take days to process your withdrawals, this payment option processes your withdrawal instantly (in less than an hour).

Spreadex Pros and Cons

Responsible Gambling

Online betting in Ireland is only legal for punters aged 18 and above, as per the Gambling Regulatory Authority of Ireland (GRAI). And when betting at Spreadex, you should only bet for fun and enjoyment, never to make profits or earn income. You should also deposit and bet the money you can afford to lose at Spreadex, especially in spread betting where you could lose multiples of your stake and even more than your deposit. So, use Spreadex tools like loss limits and Deposit limits to minimise losses. Using other safe gambling tools like Timeouts, Self-Exclusion, and Product Block can also help you stay in control of your betting habits.

Even with safe betting tools at Spreadex, you may still struggle to manage your gambling habits. If you feel your betting experience is no longer fun, you’re unable to stop yourself from chasing losses, or you’re having any other gambling problem, call the National Gambling Helpline Ireland (1800 753 753) for free support and counselling. Its website, gamblingcare.ie can also offer more support resources that can help you regain control.

Verdict

Spreadex is a reputable fixed odds and spread betting site in Ireland. It offers a large welcome offer of €60 free bets that you can use on both fixed odds and spread betting markets. Claiming the offer is also favourable for budget-conscious Irish bettors as you only need to bet a minimum of €10 to claim 60 free bets. This bookmaker also offers thousands of fixed odds and spread betting markets, giving you lots of betting options. Whether you’re a fan of football, horse racing, cricket, or greyhounds, Spreadex also offers more than 23 sports to bet on, and the sportsbook features both local and international sports events.