Learning the rules of Football Index and how it operates is essential to maximising your profit and your enjoyment on the platform - it is highly recommended that you take the time to read this guide along with any other resources you may find helpful. However, if you just want to learn about the basics of Football Index before you get started then this crash course should be enough to get you up and running please scroll down to find the crash course.
Alternatively if you want a comprehensive guide on how Football Index works and full of Football Index tips on how to get the most out of the platform you can download our free Football Index Beginners Guide eBook.
Football Index is essentially a gambling platform that is formatted in the style of a football stockmarket where you can buy and sell shares in your favourite players. The aim is to try to profit from price appreciation (share price rises) and dividends.
The Football Index market is separated into two parts, the top 200 (first team) and a ‘squad’ section. The separation simply consists of the top 200 most expensive players in the ‘first team’. At midnight, any players in the squad that have become more expensive than the cheapest players in the first team are switched.The key difference between the two sections is that only players in the first team are eligible to win media dividends. These dividends are in contrast to performance dividends, which anyone playing in an eligible league is able to win.
The first thing to understand about Football Index dividends is that the dividends on offer on any given day depend on the football being played that day. The below graphic explains the pay-outs and dividends up for grabs. Note: eligible fixtures are those that are played in any of Europe’s top five leagues, as well as in the UEFA Champions League and the UEFA Europa League. No domestic cup competitions count. Currently, the only exception to this is that In-Play dividends are also paid out for Nations League fixtures.
Media dividends are the original source of dividends on Football Index and they are available 365 days a year. As the title suggests, they are paid out based on whoever has the most media coverage on any given day. That is quantified using 25 news sources – any article headlines that include any first team player’s full name are taken and an algorithm is used for the other words in the headline to determine a score for that article. In general terms, the more positive the article, the higher scoring it is. The Media rankings show accumulated scores per player throughout the day and the player with the highest score at midnight wins the dividend (or the players in the top three on a “media day”).
Performance dividends apply on days with eligible fixtures as described above and are powered by football statistical powerhouse Opta. Their live in-play stats are applied to the scoring matrix (below) to give players a score throughout and after the game. You can learn more about the scoring system here.
In-Play dividends are paid for goals, assists & clean sheets for goalkeepers. These dividends differ from Media and Matchday dividends in one key way. In-Play dividends can only be won by players you have owned for less than 30 days. This means that if you have owned someone for over 30 days they are only eligible for Media and Matchday dividends.
Prices move via an algorithm that connects purchases and sales. In simple terms, it roughly follows that 100 shares bought/sold will increase/decrease the price 1p accordingly.
New players are introduced to the market regularly through IPOs. New players are given an introductory price at the discretion of Football Index and they will also announce a two-hour time slot of when they will be introduced. Once added, people can buy in the same way they buy any other player.
When looking to sell, there are two ways you can do it. The first is via Instant Sell – selling immediately back to Football Index at the price in the red box next to any player, minus a further 2% commission. There are a number of reasons why this can often be the best option and you can see some of them here. Meanwhile, the second option, Market Sell, can often be the most efficient. With this method, you are placing your shares in a sell queue and waiting for another user to buy them. The price you receive will be the buy price (in the blue box) at the time your shares get to the front of the queue and get purchased by another user.
There is plenty more to consider when starting up Football Index, for instance, how can I work out where the value is? What types of trades or common patterns are there? And how can I keep up with it all? Other parts of this guide will run through these topics and much more – it is well worth reading to expand your knowledge of the platform.
As ever, any further questions or queries can be direct to us either on Twitter or via email.
We hope this guide is useful and happy trading!Onwards and upwards!