The Football Index is gambling, just like the stock market is gambling. You are interpreting data, making choices and the results are never guaranteed. For example, you might pick a player like Pogba, often the most expensive play on the FI, and he could get a knee injury that he needs 8 months to recover from. The market is quite reactive so if a player will be injured for a long period and won’t be playing his value is likely to go down whilst traders reinvest their money somewhere else.
With that in mind, just like traders of the stock market need to do, you need to manage your risk with the type of players you buy. Putting all your money on Pogba would be high risk but having him as one of 20 players diversifies that risk.
It is a form of gambling but unlike spread betting, you can’t lose more than your original deposit. Play with what you can afford, that keeps it fun. We have our own Football Index Tips for Trading Responsibly which are great for new and existing traders to ensure they stay safe and have fun when trading on Football Index.
For scoring, there is what is known as the Media Buzz chart. This is a ranking of players and how much publicity they get in a 24 hour period. There is a list of 30 publications that count towards the buzz chart and an algorithm determines the “power” of the article.
The last we checked the publications you need to keep an eye on are:
Talksport, UEFA, The FA, ESPN, FIFA, Football League, Daily Mail, Daily Star, The Times, Telegraph, Independent, Daily Express, The Guardian, Metro, Daily Mirror, BBC, Football365, Goal.com, Huffington Post and Sky Sports.
However, this is just football related news. If they’ve been having an affair with their nanny or have got caught speeding, it doesn’t count as buzz. You may see an article like this pop up on Football Index temporarily, however they have a manual review which removes these articles pretty quickly.
Players that make the top of the player Buzz chart will be rewarded with dividends. For example, you might get 3p for every share you have in a player. If you had 100 shares in a player, that means you’ve made £3 in dividends that day.
This is completely independent of the players share price. For example, Pogba’s potential move to Juventus or Real Madrid means he’s all over the football news and gossip, so he would be a good bet for the days top buzz and you could get some dividends. Also Pogba’s bad boy antics and the fact he regularly causes disruption has earnt him a media king label in Football Index communities as the media outlets that Football Index use seem to love reporting on his actions.
Yet, at the same time, if he moves abroad he’s not going to make as much media buzz in the UK, so some traders might have decided to sell their shares now before as they think he’s leaving or don’t want to take the risk of him leaving.
You could end up getting dividends yet losing money on the player price, should you choose to sell at that point. The dividends are credited to your account the next day before 3am if players win and once it’s in your account it’s your money. This means that some players may be down in share price for you but you are still in profit as they’ve earnt you dividends which you have as cash in your account.
Football Index also offer promotions, sign up offers and bonuses periodically throughout the year. Keep up to date with the latest Football Index Promotions with us at Football Index Tips.