Spreadex

Summary

Spreadex is a UK-based sports betting and financial spread betting company. It offers a range of betting services, including sports betting, financial betting, and casino games. Spreadex is known for its innovative spread betting platform, which allows users to speculate on the outcome of various events and financial markets.

Did you also know that if you want to talk about how Spreadex’s sports spread betting works, you have to wear skinny jeans, a white top and a black blazer? It’s true, because when I sat down with Andy Mckenzie from Spreadex for a bit of a chat about what sort of spread betting service they offer, and who for that’s what we wore. It just is…

Sports Spread Betting takes contracts that were developed in the financial markets and applies them to the sporting world. Allowing customers to place bets not just on the outcome of a particular match or event but its internal dynamics. That means that the client can bet on the total number of runs scored in a cricket match, the number of red and yellow cards shown in a game of football, or the number of lengths that horse wins a race by.

What’s more, the client can go long or short of these markets by, for example, selling the number of runs in a cricket match, if they think it will be a low scoring affair, or buying that market if they believe it will be a high scoring game. Clients bet on a pounds per point basis

The sports Spread Betting bookmaker makes a two-way bid-offer price in these markets hoping to see buyers and sellers. The final outcome of the event is known as the make-up.

P&Ls are calculated on pounds per point basis so for example if you were long runs in a cricket match at 450, with a bet size of £10.00 per point and the final tally was just 350 runs scored.

You would have a £1000.00 loss that’s calculated as follows:

A 100 run shortfall ( 450-350) * bet size of £10.00 per point= -£1000.00

Sports Spread Betting differs from fixed odds betting because your returns are variable and potential losses can exceed your initial stake. In some senses, it’s as though you had become the bookmaker when you make a sports Spread Bet.