Spreadex Hits Record Sports Betting Volumes

4th December 2009 7:51 am GMT

UK spread betting firm Spreadex is celebrating a new milestone having recorded its highest ever volume of sports bets in November, just one month after the company recorded its highest betting figures across both its spread betting and sports betting businesses.

The new milestone in Spreadex's sports betting business is a 1.5% increase on its previous high in June of last year, which coincided with the 2008 European Football Championships.

Overall bets, including financial spread bets at the company's ShortandLongs.com platform, were just short of October's record breaking levels, which amounted to the highest in the company's 10 year history.

"In-play betting on live Premier League football is the number one attraction for spread bettors, so considering we had an international break during November we're amazed we've set a new high in terms of sports bet numbers during this period," said Spreadex spokesman Andy MacKenzie.

"Our clients had plenty of rugby, tennis, darts and cricket to get stuck into and there was also some good racing during November, but initial evidence seems to suggest customers are enjoying their online betting experience much more since we re-launched the Spreadex website in October.

MacKenzie said that the high trading volumes were from a healthy mix of new accounts and returning old customers in sports, while the financial arm had also seen a surge in new business, benefiting in interest from people trading gold and currencies during the past few weeks.

Spreadex marked its tenth anniversary in October by launching a completely revamped site featuring dedicated pages for sports and financial spread betting customers including a host of new menus and features and reduced spreads and margins on some of its most popular markets.

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