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New customers who open a sports spread betting account with Spreadex can take advantage of a generous welcome offer that includes six free £5 spread bets and up to £300 cashback—or an iPad—as part of their first 28 days of betting. To begin, all you need to do is open a full spread betting account and place a qualifying bet. Once your account is live and a fixed odds bet of at least £10 has been placed at minimum odds of 1/2, you will automatically trigger the start of the promotion.
The offer is structured to reward new users gradually with a combination of free fixed odds and spread bets. After placing your first qualifying fixed odds wager and having it settled, you’ll receive your first £10 free fixed odds bet. Simultaneously, you will also be granted your first two £5 spread bets—one on Total Goals and one on Winning Favourites in horse racing. The rewards continue over the following two days, with the second and third £10 free fixed odds bets unlocking additional pairs of £5 spread bets. That means by the end of this sequence, you will have received three free £10 fixed odds bets and a total of six £5 spread bets to use across football and horse racing markets. To be eligible, make sure your account is enabled for spread betting, as that configuration is necessary to access and use the spread bet bonuses.
It’s important to note that these free spread bets are risk-free in the sense that you cannot incur losses with them. However, this safety net only applies to the free bets themselves. When you begin placing regular spread bets later, losses can exceed your original deposit due to the nature of spread betting. As with any form of gambling, responsible play is essential. Spreadex is regulated and promotes gambling awareness through organizations like BeGambleAware.org.
The promotion doesn’t stop with free bets. Spreadex is also offering cashback incentives tied to your total betting volume over the first 28 days of your account. If you place spread bets totaling £300 or more on qualifying sports markets, you will receive a substantial reward. Customers can choose between a £300 cashback directly credited to their account or an 11-inch, 128GB Wi-Fi iPad (2025 model) in silver. This offer gives new users the flexibility to decide whether they’d prefer immediate cash or a premium tech gadget. If you wish to opt for the iPad instead of the cashback, simply notify Spreadex by emailing sports@spreadex.com or calling their customer support numbers within 30 days of the end of the qualifying period. They will then remove the cashback and arrange the iPad delivery.
If your total spread betting volume falls short of £300, you will still receive cashback equal to the amount you have wagered. For example, if your total qualifying bets amount to £50, you’ll get £50 in cashback. Keep in mind that this cashback is not a free bet—it is cash, and while it boosts your account, it is also subject to the same spread betting risks as any deposited funds. Bets must be placed within the first 28 days after your account is opened to be counted toward the cashback threshold.
Qualifying spread betting markets cover a wide range of sports, ensuring that there’s something for every bettor. Football options include markets such as Bookings, Shirt Numbers, Match Goals x Corners, Headed Goal Minutes, Player Performances, and several variations of Total Goals and Supremacy bets. Horse racing markets include Favourites, Starting Prices, Racing Post Favourites, Spotlight Verdict, and multi-index options like the 50-25-10 Index. Cricket fans can wager on Innings Runs, Batsman’s Runs, Multi Sixes, and Supremacy bets across all major formats. Basketball, tennis, rugby (both union and league), darts, snooker, greyhounds, NFL, and golf are also part of the qualifying list.
There are a few key conditions to keep in mind. Bets must be placed before a match or event begins—live or in-play wagers do not qualify, though if a bet is opened pre-event and closed in-play, the opening stake will still count. Each qualifying spread bet must feature a minimum spread of 2 points (the difference between the buy and sell prices) at the time the bet is placed. Only the initial stake on each market is counted toward the cashback total.
This offer is exclusively available to new customers who open their first Spreadex sports spread betting account. Clients reopening old accounts or accessing the site via specific affiliate promotions may be eligible for a different fixed odds welcome offer instead, such as the "Bet £10, Get £60" bonus, which is not compatible with the spread betting offer. Also, please be aware that staff members or their relatives from other betting firms are not eligible to participate.
Spreadex reserves the right to modify or withdraw this promotion at any time, and it may withhold the offer in cases of suspected abuse, collusion, or coordinated betting activity. The company will ultimately decide on all matters related to the promotion. Customers outside the United Kingdom are not eligible for the iPad itself, but they will receive a cash equivalent based on the iPad's UK market value.
For those opting for the iPad, remember that the reward is limited to one per household and must be claimed within 30 days following the end of the 28-day offer period. If not claimed within that window, the iPad offer will expire and no substitute will be provided.
This is an exciting opportunity for new bettors to experience the range of Spreadex markets with added value. Whether you’re drawn to football, horse racing, cricket, or other sports, the free spread bets and cashback incentives offer a great way to explore spread betting while boosting your bankroll—or walking away with the latest iPad.
