Your step by step guide to getting started with Football Index
Welcome to Football Index.
You’re probably now wondering what to do? You’ve Googled “getting started” and you’ve landed here?
Well, read through this as it covers the basics of getting started on Football Index.
Q) What’s the first thing I should do?
First things first. Familiarise yourself with the Football Index academy website. It covers a lot but we’ve put it into bite sized chunks below.
We recommend following the #footballindex hashtag on Twitter as well as joining IndexGain Slack community (over 8000 traders) by clicking on the link at the top. Here’s a sneak preview of why football index traders should join IndexGain.
Start off by just listening to the stuff people talk about and what insights, ideas people bring to the table.
The best form of investment is in yourself – so educate yourself first.
One other thing is for sure – DO YOUR OWN RESEARCH!!! Never take a tip on a social site as trading or investment advice. Make sure you know what you’re buying into.
Q) How much do I really need to deposit to get started?
There’s no hard and fast rule but we do know that once you start enjoying Football Index, you will soon realise that £100 isn’t enough.
Start off small till you fully understand how it all works before going big.
And remember, only deposit what you can afford to lose – gamble responsibly. Please.
Q) What leagues or competitions count for Football Index?
Currently, the top 5 leagues in Europe, 2 European club competitions and Euro 2020 are eligible on Football Index. It is from these competitions, you can win match day dividends or payouts as some know it as.
Q) How do you make money on Football Index?
There’s 3 ways to make money on the index.
1) Capital appreciation where the price goes up if a player is about to move clubs or is on a great run of form and demand increases.
2) Media coverage (media buzz or rankings) which earns the player points based on media coverage for transfer rumours or news from the previous match performance. The more media mentions a player gets, the more points he racks up and at the end of the day (midnight) if he is top, then he wins you dividends (payouts).
Learn how media buzz works and the keywords used here.
That payout is called “Dividends“. More on that in the next question.
3) Performance on the pitch (performance buzz) which earns the player performance points. A player gets points for things like passes, crosses, tackles, saves, blocks, shots, goals etc etc. See table below. The more points he racks up during a game, the more likely that player is to win some dividends. A bit like how bonus points work in fantasy football.
The top player in each position (GK/DEF, MID, FWD) at the end of each match day wins you money, also known as dividends. And the player with the most points on that match day gets you a bonus on top (also known as Star Man).
The above screenshot shows you who has won what for the previous matchday. Each of these players earns you some money. See next question for dividend payouts.
Read about how match day dividends works here.
Q) Dividends? How much could I win?
There are 4 types of dividends on offer.
Match day = these are dividends related to a players performance during a match.
Media = based on news stories on any day.
In-Play = based on goals, assists and clean sheets for GK’s.
Team of the Month = top GK, top 3 defenders, top 4 mids and top 3 forwards each month. Top 3 scores combined each month.
Match day dividend payouts are dependant on how many matches are taking place that day. See table below.
NOTE: If there’s no club games on (like international breaks) then we get what’s called “treble media” days. This is payouts for 1st, 2nd and 3rd placed players in the media table.
Q) So, where do these match day dividend payouts go?
They get added to your cash balance. So you could decide to buy more of someone or withdraw it to use to buy a packet of crisp or put it on a holiday deposit – depends on how much you invest obviously.
Q) What’s this deadline thing people talk about?
In order to win match day dividends, you need to have bought the player before 4pm on that day. For example, if you buy Messi at 1pm and he wins top forward that match day, then you win some money.
If you bought him at 5pm and he wins top forward that day then you don’t win anything as you bought him after 4pm deadline.
Same goes for media dividends – you must have bought that player before 3pm to be eligible for winning dividends.
Q) I’ve seen this “goals, assists and clean sheets dividends” or “IPD”….what’s that all about?
So this method of winning dividends is new and it a cool way of betting on in-play actions.
It’s called In-Play Dividends. Or IPD as you might see referred to at times.
Basically, you get dividends if a player scores, assists or keeps a clean sheet and this is how the payout structure works:
But there’s some things you need to know.
These dividends only count for the first 30 days a share is owned. After the 30 days you can choose to sell up & re-buy to qualify for the next 30 days OR just keep the player and continue with hoping he wins PB. You could sell in-between and recycle those shares also but it can get rather complicated if you are just starting out.
A good way of finding our your expiry date is to google “30 days from today”. The date shown is when your shares will not count for IPD’s.
You can buy any player who plays in any of the PB competitions as above after the performance buzz dividend 2pm deadline – so for example, Messi scores a hat trick at 8pm and you can choose to buy him at 10pm after the game to qualify for the in-play dividends and get a payout for his 3 goals.
But you need to be holding the player at 12am though on the day he scored. Don’t sell up before that time, but be sure to sell quickly after as many others have noted to do.
You need to also factor in the cost of selling here (2% commission) vs the gains achieved in the 30 day window. Many traders continue to play for match day dividends and see the above dividends as a bonus. Some traders actively trade for the in-play dividends.
Q) So when are they paid out?
All dividends are paid the following day between 9am and 11am
Q) How do I sell a player?
This is the hardest bit of Football Index. Selling.
There’s 2 ways to sell a player. 1) Join queue of sellers selling the same player 2) Instant sell to FI
Joining the queue means that you need to wait (sometimes ages) to sell a player, essentially you are selling your player to someone else at the current buy price and you need to join the queue of sellers – until someone else is looking to buy that player, he ain’t going anywhere. Meanwhile his price may continue to drop so keep watch.
You could be in a queue of 30 or 30,000. You’ll never know.
Or you could instant sell right now for a cut/reduced price (sell price shown). Sometimes that price is around 3-8% lower than the buy price (the price you would sell at if you joined the queue as above).
The difference is known as the spread.
Q) What is the Spread?
Something you will need to probably understand in more detail when it comes to selling.
If you were to instant sell Maddison then you would be selling him for £1.40 (as per example below).
If you were to join the queue then you could sell him at £5.32 which is the buy price – the difference between the two prices is called the spread (either sell at £5.16 right now or wait and sell at £5.32 or whatever the buy price is when the transaction goes through).
In the example above, if we were to instant sell right now for £1.40 then we’d lose the spread percentage. You’d just pay 2% commission on your sale value.
Sometimes, it’s best to sell at the buy price (queue sell) to save on the 2-4% spread percentage – you want to try and keep as much money to yourself.
Most of the time, spreads are around 3% but they can be as high a 6% on IPO’s or players being sold at high speeds – to try and stop people to selling down immediately.
Remember to also factor in the 2% commission you’ll pay on the total value of the sale.
Q) What’s this ‘commission’ thing?
When you sell a player, Football Index will take 2% of the total value of the sale. So for example, if you sold £30 of Neymar, you will need to pay 2% of that £30 as commission.
This needs to be factored into the maths when selling – you need to know what the total % gain/loss is in order to break even somewhere else.
Q) Why is a players price falling?
Lack of form?
Signed a new contract so won’t any be transfer rumours?
Traders just getting bored?
Tough fixtures coming up?
Traders adjusting portfolios as we approach summer?
Do your own research and come to a conclusion – if you have different views, then see this as an opportunity to top up or buy.
Q) Why is a players price rising?
Maybe he’s stated that he wants to leave the club – which in turn means more media mentions – which in turn means more likelihood of media dividends.
Maybe he’s on a great run of form and he’s won performance buzz/match day dividends a couple of times.
Maybe he was awesome for PB last season so traders think he’ll do the same again next season?
Again, do your own research.
Our trader community on Slack can help answer questions like this as well as portfolio queries or just keeping up with the latest news as it breaks.
Q) Ok, got that. Now what?
Join IndexGain and join over 8000 traders and share your questions or portfolio in there to get some feedback.