How does a spread bet work?
Once you choose a financial instrument you wish to trade, you have to select whether you wish to ‘buy’ or ‘sell’ the instrument. If you think the value of the instrument will increase then you buy the spread bet. But if you think the price will fall you sell the spread bet.
To close your spread bet you simply place an offsetting bet, so if you have a long spread betting position you would need to place a sell order to close or partially close that position. The more the spread bet price moves in your direction the greater the profit you will generate. Adversely, the more the spread bet price moves against your direction, the greater the loss will be.