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Football Index Review
Football Index is a virtual trading platform where you do hypothetical (but real money) trades of football players in the hope that you’ll be able to cash in. But just how you go about making money on the Index has a lot of people confused, so this review will be more an explanation of how you do that than a straight up review of the site. So let’s get started.
Football Index Sign Up
The first thing you obviously have to do is go through the Football Index sign up process. As with every other gambling site on the Internet, you enter all your relevant information and then make an initial deposit. Football Index often run promotions where they’ll match your initial deposit to give you twice as much money to start off with, so make sure you keep your eyes open for that. Once you’ve entered your information and made your deposit (including any matching funds from FI), it’s time to get trading.
Buying a Share in a Player
Like the stock market, you don’t buy the entire company (or in this case, player) you buy a share in them. Some players have a higher share value than others because they’re more highly regarded (Cristiano Ronaldo for instance) than other players. Again it’s the same as the regular stock market where some companies are more highly regarded than others. Hence why their shares are more expensive. So it’s possible you may pay £100 per share for Ronaldo but only £10 per share for some up and coming striker who’s making noise but doesn’t yet have the proven, long-term star power. It’s also possible that you’ll have to wait before being able to buy a player. After all, if that player has a history of delivering for their shareholder's people will be reluctant to sell.
In some cases (see Ronaldo above) it will be obvious why a certain player’s shares have a certain value. In other cases, it won’t be so obvious. So how is a value calculated, particularly for players who are new to the market?
- News - The real world news swirling about a player will be a big factor in determining that player’s initial value. Are they coming off an injury right before they go on the market? Did they have a monster campaign in their last year of youth soccer? Were they highly sought after by first tier clubs before signing with one? It all affects their initial market value in the Index.
- Performance - Once a player has spent some time on the Football Index market the factors influencing their value obviously change. What they may have done for their youth team or how ardently they were sought after by the top clubs becomes less relevant that what they’re doing now. If their initial value was high, but their play has tanked since they came on the market you’ll obviously find lots of owners trying to dump shares, and that share value will drop. Conversely, if they hit the market with little buzz but have come on strong they will attract a lot of interest from prospective buyers, and their share price will rise. Sometimes dramatically.
- Market Activity - This obviously ties into what we just said about a player attracting interest. If everyone is buying Cristiano Ronaldo, his share price will go through the roof. If he gets injured or for some other reason his level of play tanks sellers will rule the day, and his price will plummet.
- Staying Involved - Just as the job of a General Manager never stops so too, you should always stay involved with your players on the Index. Scour the landscape for new talent and trade opportunities and keep a keen eye on injury reports, retirement news and the like.
The point being the value of a player is often affected by off-the-pitch news like illness or even arrests. If a team determines a player’s off-field antics are detrimental to the reputation of the club, they could bench them or trade them, both of which would affect their market value (as well as the value of other players who may benefit from them being benched or traded).
There’s another way you can profit on the Index: the Buzz Score. Essentially the player with the most media buzz surrounding them on a given day generates a dividend of 5p per share. Here’s another case where you’ll want to keep track of what’s going on outside the lines. When calculating the buzz score more weight is given to stories in the UK press than media from other countries. And not all press is good press because stories are weighted on how positive they are. Although to be sure who is measuring this ‘positivity’ remains something of a mystery.
While all the trades on Football Index are strictly hypothetical (you don’t own Ronaldo) you are nonetheless buying and selling these hypothetical shares with real money. So if, for instance, you bought Ronaldo for £100 per share and he has an incredible two months where he scores 25 goals his value may skyrocket to £150 or even £200 per share. Sell at £200, and you’ll have a tidy profit in your account that you can then transfer to your personal bank account.
Note: Once you go through the Football Index sign up process it’s always a good idea to spread your risk among a stable of players. Also, be mindful of the fact that there’s often a sizeable queue for selling shares. Especially for a player who is underperforming.
To be successful on Football Index takes a certain level of commitment. Simply going through the Football Index sign up then sitting on shares until they suddenly take off isn’t a strategy that’s likely to yield much by way of positive results. If, however, you stay abreast of current events both on and off the pitch and are diligent in moving a player at just the right time, you have a decent chance of making a handsome profit from your market acumen.