DragonBet vs Spreadex free bets

Compare the latest active welcome offers from DragonBet and Spreadex. DragonBet currently lists: Get 50% of day one losses back as a Free Bet up to £25. Spreadex currently lists: Bet £10 Get £60 in Free Bets.

Winner Summary

  • Higher maximum bonus: Spreadex (£60 vs £25).
  • Lower qualifying spend: Spreadex (£10 vs £15).
  • Most recently checked: both were checked on 25 Mar 2026.
  • Reward type difference: DragonBet is listed as free bet, while Spreadex is listed as free-bets.

Side-by-Side Comparison

FeatureDragonBet logoDragonBetSpreadex logoSpreadex
HeadlineGet 50% of day one losses back as a Free Bet up to £25Bet £10 Get £60 in Free Bets
Reward typefree betfree-bets
Offer typelosses backwelcome-offer
Max bonus amount£25£60
Min qualifying spend£15£10
New customers onlyYesYes
Last checked25 Mar 202625 Mar 2026
Offer pageView DragonBet offerView Spreadex offer
TermsView termsView terms
ClaimJoin DragonBetJoin Spreadex

DragonBet logoDragonBet key points

  • New customers only
  • Welsh residents only
  • Use promo code Moneyback25
  • Deposit and place 3 bets of at least £5 each
  • Minimum odds 1.5 on qualifying bets
  • Bets must be settled by 23:59 on your first day
  • Get 50% of day one net sportsbook losses back as a Free Bet up to £25

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!

DragonBet logoDragonBet offer details

DragonBet Welcome offer

DragonBet's welcome offer gives eligible new customers 50% of day one net sportsbook losses back as Free Bet Tokens up to £25 when they use promo code Moneyback25 and place 3 qualifying bets of £5 or more at minimum odds of 1.5.

How it works

  • Register a new DragonBet account and enter promo code Moneyback25
  • Verify your account and make a successful deposit
  • Place 3 sportsbook bets on your first day, each with a minimum stake of £5
  • Qualifying bets must be at odds of 1.5 or greater
  • Only bets settled by 23:59 on your first day will count
  • If you finish day one with net sportsbook losses, you will receive 50% back in Free Bet Tokens, capped at £25, within 24 hours

Key terms

  • New customers only
  • Customers must be 18+, verified, and Welsh residents only
  • Offer code: Moneyback25
  • Offer starts 14:30 UK on 19/12/2025 and continues until further notice
  • The promotion applies to sportsbook activity only
  • The offer is limited to one per customer, and once per household / valid email address / IP address

Free Bet details

  • Eligible customers receive 50% of day one net losses as Free Bet Tokens, up to £25
  • An additional £1 Free Bet Token is available if you opt in to sports and casino email and SMS marketing during registration
  • The £1 Free Bet is credited on first bet placement
  • Free Bet Tokens must be used within 7 days of acceptance
  • Free Bet Tokens can be used on sportsbook markets at odds of 1/100 or greater
  • Free Bet stake is not returned with any winnings
  • Free Bet Tokens cannot be withdrawn as cash, used to claim another bonus, or combined with cash or other Free Bet Tokens

Payment restrictions

Only a successful deposit will count towards this offer. Cancelled or withdrawn deposits will not qualify. No other specific payment method restrictions are stated in the source terms.

Exclusions

Bets on Casino, Live Casino, and Virtual Sports do not count. This promotion cannot be used with any other DragonBet promotion. DragonBet may withhold, restrict or cancel the promotion in line with its eligibility, promotion abuse and internal risk policies.

Important note

Make sure your qualifying sportsbook bets are placed and settled within your first day and by 23:59, otherwise they will not count towards the offer.

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 £25).

Spreadex asks for the lower qualifying spend (£10 vs £15), which may suit lower-budget sign-ups.

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

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