Spreadex benefits from World Cup

July 5, 2010

Spreadex, the financial and sports spread betting firm, has recorded its highest ever monthly volume of sports bets thanks to the FIFA World Cup in South Africa.

Spreadex said that sports bets increased by 16 per cent compared to its previous highest levels set in March this year. The company has also seen its highest ever number of unique bettors and new registered accounts.

A Spreadex spokesman said: “The World Cup is the biggest betting event on the globe and it always helps when matches are shown on terrestrial television rather than satellite TV, but we’ve been surprised in the upturn in business.

“England’s early exit doesn’t seem to have had a negative impact. In fact we’ve had higher number of bets placed on many matches featuring other countries rather than the games involving the Three Lions.”

Spreadex launched its online sports betting service in May 2006, and launched its fixed odds sports division in May 2010.