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
- Sign up for a Smarkets account if you haven’t already. You’ll need this to match your bookmaker bet.
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 1st May 2024. 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.
- Register an account with Spreadex.
- 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.
Learn matched betting the free, easy way.
The Matched Betting Academy
- Logically structured to tackle strategies and offers as you’re ready for them.
- 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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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.