Online Share Dealing | Share Betting | Spread Betting | IG Index | Example: Daily

Our Daily bets on shares are offered at extremely narrow spreads, giving ideal flexibility and control over the short-term.

Opening the Position

It 10 March 2009 and Vodafone is trading in the stock market at 114.10. Our Daily quote for Vodafone is 114.05/114.15 and you feel that the stock will rise in the short term, so you choose to 'buy' £50/point at 114.15, our offer price. This means that you make £50 for every point our quote rises above 114.15 and you lose £50 for every point that our quote falls below 114.15.

Closing the Position

Vodafone makes strong gains, and, later in the day, we are quoting a spread of 120.30/120.40. You decide to 'sell' at 120.30, our bid price. 

The profit on the position is calculated as follows:

Profit: 6.15 x £50 = £307.50

Remember, spread betting is a leveraged product which can result in losses in excess of your initial deposit. Had the market moved in the opposite direction, you would have lost £50 for every point it fell below 114.15.

If you had felt that Vodafone's stock would continue to rise on the following day, you could have chosen to roll your bet. For more details, see a detailed example of how to roll a bet, and the adjustments that apply.

*Tax law can be changed or may differ depending on your personal circumstances.