Rolling Daily Bets

Rolling Daily bets have increased in popularity since they were introduced to the market and they are now the ideal instrument for most spread bettors.

A rolling bet is based on the spread of the underlying instrument to which we apply a spread i.e. the "bid" is slightly reduced and the "offer" is slightly increased (this is how spread betting companies make money). Positions open at the end of each day are automatically rolled over into the following day. The existing position is closed at the end of day price and a new position opened at the same price.

Financing applies to all rolling positions held overnight. If you are holding a long position, you pay the financing charge (interest you pay plus dividends you receive) and if you are holding a short position, you receive the financing credit (interest you receive plus dividends you pay). Since financial spread betting is a margined instrument the person who takes a long position is essentially borrowing money from the person who takes a short position.

Rolling bets are offered on equity, index, commodity and currency markets. The price is always derived from the underlying instrument price, e.g. the futures market for indices and spot price for FX. Rolling bets can be closed at any time during trading hours.