BetMGM vs Spreadex free bets

Compare the latest active welcome offers from BetMGM and Spreadex. BetMGM currently lists: Bet £10 Get £40 in Free Bets. Spreadex currently lists: Bet £10 Get £60 in Free Bets.

Winner Summary

  • Higher maximum bonus: Spreadex (£60 vs £40).
  • Qualifying spend: both currently show £10.
  • Most recently checked: Spreadex (25 Mar 2026 vs 13 Mar 2026).
  • Reward type difference: BetMGM is listed as free_bets, while Spreadex is listed as free-bets.

Side-by-Side Comparison

FeatureBetMGM logoBetMGMSpreadex logoSpreadex
HeadlineBet £10 Get £40 in Free BetsBet £10 Get £60 in Free Bets
Reward typefree_betsfree-bets
Offer typewelcome_offerwelcome-offer
Max bonus amount£40£60
Min qualifying spend£10£10
New customers onlyYesYes
Last checked13 Mar 202625 Mar 2026
Offer pageView BetMGM offerView Spreadex offer
TermsView termsView terms
ClaimJoin BetMGMJoin Spreadex

BetMGM logoBetMGM key points

  • New customers only
  • Deposit £10 and place a £10 bet
  • Minimum odds 2.0 (Evens)
  • Get 4 x £10 Free Bets
  • Includes 2 x Sports Bets and 2 x Bet Builder Free Bets
  • Free Bets expire after 7 days

Spreadex logoSpreadex key points

  • New customers only
  • Bet £10 on a fixed odds single or £10 each-way bet
  • Minimum odds 1/2
  • Get £60 in Free Bets after your qualifying bet settles
  • Includes 3 x £10 free fixed odds bets
  • Includes 3 x £5 Total Goals football spread bets, 3 x £5 Winning Favourites spread bets and 1 x £1 Race Index spread bet
  • Get up to 100% cash boost on your Acca bet winnings!

BetMGM logoBetMGM offer details

BetMGM Welcome Offer

New BetMGM customers can claim £40 in Free Bets after opting in and placing a qualifying £10 sports bet.

How it works

  • Open a new BetMGM account
  • Choose the Sports Welcome Offer when signing up
  • Place a qualifying bet of £10 or more within 7 days of registration
  • Minimum qualifying odds are Evens (2.0)
  • Once your qualifying bet settles, you will receive 4 x £10 Free Bets

Free Bet breakdown

  • 2 x £10 Sports Bet Free Bets
  • 2 x £10 Bet Builder Free Bets (minimum odds 4.0 / 3/1)

Key terms

  • New customers only
  • Minimum qualifying bet: £10
  • Minimum qualifying odds: 2.0 (Evens)
  • Qualifying bet must be placed within 7 days of registration
  • Offer can only be claimed once
  • Free Bets expire 7 days after crediting

Qualifying bet restrictions

  • Qualifying bet excludes e-sports and non UK/IE horse racing
  • Free Bets, Profit Boosts and Odds Boosts do not count
  • Void, cashed out, partially cashed out and multiple bets do not qualify
  • Each-way bets must have a £10 stake each-way (£20 total)
  • Bet Builders count as one bet and the combined odds must be at least 2.0

Free Bet restrictions

  • Free Bets exclude e-sports, e-sports Football, and non UK/IE horse racing
  • Bet Builder Free Bets require minimum odds of 4.0 (3/1)
  • Free Bet stakes are not returned with winnings
  • Free Bets cannot be used in conjunction with any other offer

Important note

To use a Free Bet, you must select it via the checkbox on the betslip after choosing a qualifying market.

Spreadex logoSpreadex offer details

Spreadex Welcome offer

New customers can get £60 in Free Bets when they place a qualifying £10 fixed odds single or £10 each-way bet at minimum odds of 1/2 and wait for the bet to settle.

How it works

  • Register a new Spreadex account and verify your details if required
  • Place a £10 fixed odds bet or £10 each-way fixed odds bet at odds of 1/2 or greater
  • The qualifying bet can be placed pre-event or in-play but cannot be cashed out early
  • After settlement, receive 3 x £10 free fixed odds bets, 3 x £5 Total Goals football spread bets, 3 x £5 Winning Favourites spread bets and 1 x £1 racing Race Index spread bet
  • The second and third batches of the £10 fixed odds bet and £5 spread bets are credited 24 hours apart on consecutive days

Key terms

  • Available to new customers only, aged 18+, residing in Great Britain and Republic of Ireland
  • Offer can be used once per customer
  • Only the win part of an each-way bet counts towards the qualifying amount
  • Qualifying bets must be at minimum odds of 1/2
  • Offer cannot be used with any other Spreadex offer

Free Bet details

  • Fixed odds reward is 3 x £10 free fixed odds bets
  • Spread rewards are 3 x £5 Total Goals football spread bets, 3 x £5 Winning Favourites spread bets and 1 x £1 racing Race Index spread bet
  • The first reward batch is credited after the qualifying bet settles, with later batches credited 24 hours later and another 24 hours later
  • Free bet stakes are not returned with winnings from free fixed odds bets
  • Free bets expire after 28 days if unused

Payment restrictions

The source terms do not state any specific payment method exclusions for this offer. A full spread betting account is required to access the spread bet elements.

Exclusions

  • Cashed out bets do not qualify
  • Reopened accounts do not qualify unless otherwise stated
  • Customers ineligible for promotional free bets are also ineligible for this offer
  • No staff member, relation or partner of any spread betting or fixed odds bookmaking firm is eligible

Important note

The spread bet part of this promotion is only available to customers with a full spread betting account, and spread betting losses can exceed your deposit.

Verdict

Spreadex currently has the higher maximum free bet value (£60 vs £40).

BetMGM and Spreadex use different reward formats (free_bets vs free-bets), so check how each free bet can be used before choosing.

Always read each bookmaker's full terms before signing up.