Spreadex Sign Up Offer (2024) | How to Make £18.50 Profit

Description

Register an account with Spreadex and place a £25 fixed odds bet on any sport. You’ll receive £25 in free fixed odds bets, plus 50 free spins on Starburst.

Sporting Index is owned by Spreadex. Therefore, if you already have a Sporting Index account, it’s best to wait a while before signing up with Spreadex.

In addition to the £25 in free fixed odds bets, Spreadex will also give you 4 x £5 free spread bets. Spread betting differs from regular fixed odds betting, the biggest difference being spread betting losses can exceed deposits. However, the free bets are safe to use on the ‘BUY’ options. Be aware that if you decide to activate spread betting on your account, it will likely trigger certain financial checks.

Key terms

The promotion applies to fixed odds bets.
Minimum stake of £25.
Minimum odds of 1.50 (1/2).
Qualifying bet must be placed pre-event.
1 x £5 free fixed odds bet will be credited upon settlement of your qualifying bet.
The following 4 x £5 free fixed odds bets will be credited on consecutive days.
After your first free fixed odds bet, you’ll receive 25 free spins on Starburst.
After your second free fixed odds bet, you’ll receive a further 25 free spins on Starburst.
Each free spin is worth 10p, and there are no wagering requirements.
The maximum win on the free spins is £100 per 25 free spin bundle.
The free bets and spins must be claimed within 28 days of registering.
Free bet/spin stakes will not be returned with any winnings.

Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms at any time, so it’s always worth double-checking.

Account setup

MBB Special: £50 Amazon GIFT CARDS

Every signup via the link below will be entered into a free prize draw to win one of four £50 Amazon gift cards. Winners will be drawn 3rd February 2025. T&Cs apply.

Matched Betting Blog receives a small commission when you sign up to Smarkets via the link above. It helps support the site and keeps it free for everyone to learn matched betting.

Deposit £25 using a debit card.
Select the ‘SPORTS‘ tab at the top of any page to view fixed odds (regular sports betting odds).
Switch to decimal odds.

Qualifying bet

Check the back odds at Spreadex and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 1.50 (1/2).
Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £25 qualifying back bet at Spreadex.
Place your lay bet against the same selection at Smarkets.

Free bets

Your first £5 free bet will be credited upon qualifying bet settlement.
Check the back odds at Spreadex and the lay odds at Smarkets to find a suitable selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your first £5 free back bet at Spreadex.
Place your lay bet against the same selection at Smarkets.
Repeat steps 11-14 for your remaining 4 x £5 free bets, which will be credited on consecutive days.

Free spins

Your first bundle of 25 free spins will be credited upon placement of your first free fixed odds bet. Wager the free spins on Starburst. The maximum win on the free spins is £100 per 25 free spin bundle, and there are no wagering requirements.
Your second bundle of 25 free spins will be credited upon placement of your second free fixed odds bet. Again, wager the free spins on Starburst.

Limit your qualifying loss to around £1.50 and aim for £20 cash (80%) from your £25 in free bets as a rough guide. Based on those figures, you should make an £18.50 profit on this Spreadex offer.

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

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Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

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Got a question?
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Matt Kirman – Matched Betting Blogger

Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.

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Kyran
Guest user

On my spread ex offer I got the £25 and done what you said made £19.75 but I have 2 £5 free spread bets what are they

+2
Reply June 30, 2023 at 8:27 pm
1. Matt
  1531
  
  You cannot lay spread bets without risk, so I recommend treating them as advantage play.
  
  Use them on the ‘Buy‘ option and hope that they win.
  
  +2
  Reply July 1, 2023 at 12:21 pm
Tom
Guest user

Hi I wanted to ask because it’s unclear from the T&Cs whether a hard credit check will be made when signing up. Is it the case that Spreadex only do a hard credit check if spread betting is activated? Thanks

+0
Reply August 22, 2023 at 11:38 am
1. Matt
  1531
  
  Hi Tom,
  
  Yes, I believe that’s the case. I contacted them for clarification and they confirmed that a credit check is only performed for spread betting accounts. You can opt for a fixed odds only account, which doesn’t require any credit checks.
  
  I hope that helps.
  
  +1
  Reply August 22, 2023 at 12:33 pm
t_aar@vos
4

What is the free £5 spread bet I’m getting and what do you mean by doing advantage play, because when I tried to do them on the buy option, it is asking me for more questions.

I don’t want to do it if it results in me losing money.

+0
Reply September 24, 2023 at 8:52 pm
1. Matt
  1531
  
  ‘Advantage play’ means not laying them. You can just use them on the ‘Buy’ option and hope that they win.
  
  +0
  Reply September 25, 2023 at 2:46 pm
Javier
0

How long do I have to wait to create an account with Spreadex if I recently created an account with Sporting Index?

+0
Reply June 6, 2024 at 11:10 pm
1. Matt
  1531
  
  Hi Javier,
  
  There’s no set time you have to wait, but I would recommend waiting at least a few weeks between opening accounts with each brand.
  
  I hope that helps.
  
  +0
  Reply June 7, 2024 at 7:32 am
csm7982
0

Just wanted to clarify one thing Matt, the free spread bet, even the buy option would result in losing money, right? For example buying match goals at 3 with £5 freebet but if the match ends up with 0:0, I would lose 3 x £5 =£15, correct?

+0
Reply June 23, 2024 at 4:05 pm
1. Matt
  1531
  
  Hi there,
  
  Free spread bets are risk-free so you can’t lose any money on them. Just use them on the ‘BUY’ options and hope they return a profit.
  
  I hope that helps.
  
  +0
  Reply June 26, 2024 at 1:33 pm
Hans-Henrik Gaarde
Guest user

Hi Matt,

In my country the spreadex offer is a free total goal spread bet on 30£ risk free. Is there any way to maximize the profits from that, with some kind of back bet or something on another bookie or exchange?

Thanks in advance

+0
Reply June 29, 2024 at 2:33 pm
1. Matt
  1531
  
  Hi Hans-Henrik,
  
  As far as I’m aware, there isn’t a way to guarantee a profit with free spread bets.
  
  It’s a case of using them on the ‘BUY’ options and hoping they return a profit.
  
  I hope that helps.
  
  +0
  Reply June 30, 2024 at 1:42 pm