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. READ THE RULES published on the Football Index academy website.
We recommend following the #footballindex hashtag on Twitter as well as joining IndexGain 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 and social site as investment advice – you can use the bots on IndexGain too.
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.
Q) What leagues or competitions count for Football Index?
Currently, only the top 5 leagues in Europe, 2 European club competitions and the World Cup count. Football Index also included the Nations League as part of the G&A trial recently too.
But, it’s the below competition which count towards dividends.
Q) What’s the difference between “Top 200” and “Squad”?
Top 200 is just that. The top 200 players in the index by price. These 200 players can win media and performance buzz dividends. (Next question explains this buzz stuff)
Squad players can’t win media dividends but can still win performance dividends. Each day, the player at the top of the squad enters into the top 200 and the bottom player of the top 200 goes down into the squad. A bit like promotion and relegation.
Football Index allow traders to buy trackers also (Tracker 25 buys you 1 share in each of the top 25) and there is one to buy for the top 10, top 25, 50 and 100. You can check the Football Index Tracker price trends here on IndexGain.
Q) Dividends? Buzz? Rankings? Media? Performance? What are you on about?
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.
2) Media coverage (media buzz or rankings) which earns the player points based on transfer rumours or news from the previous match performance. The more media mentions a player gets in the media, the more points he racks up and at the end of the day (midnight) if he is top, then he wins you money (5p per share, 8p if it’s a triple media day).
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.
Q) What’s all this about single, double and treble match days?
Performance dividend payouts are dependant on how many matches are taking place that day. See table below.
So if there’s 18 games being played (like a Saturday) then the top GK/DEF, MID and FWD will earn you 12p per future/share.
If one of those is top man then he earns you an extra 6p per future/share – total of 18p per future/share.
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 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 these dividends, you need to have bought the player before 2pm on that day. For example, if you buy Messi at 1pm and he wins top forward at midnight, then you win some money. If you bought him at 3pm and he wins top forward then you don’t win anything as you bought him after 2pm deadline.
Q) I’ve seen this “goals, assists and clean sheets dividends”….what’s that all about?
So this method of winning dividends is new (at time of updating this guide on 25/11/18) and it a cool way of betting on in-play actions.
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 can also buy any player to qualify for dividends 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 G&A dividend payout for his 3 goals. But you need to be holding the player at 12am though. 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 PB dividends and see the above dividends as a bonus. Some traders actively trade for the in-play dividends.
Game Weeks run from 00:00:01 Tuesday morning to 23:59:59 the following Monday. Dividends are paid the following week, usually on a Wednesday.
Dividends are credited as cash so they won’t appear in your dividends figure on the Football Index website or mobile app.
See this page on the Football Index website about the new in-play dividends when it launched.
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 Griezmann then you would be selling him for £5.16 (as per example below).
If you were to join the queue then you could sell him at £5.32 – the difference 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 £5.16 then we’d lost the spread percentage.
Sometimes, it’s best to sell at the buy price (queue sell) to save on the 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 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.
Q) What are those turquoise lines on players charts?
They represent the highs and lows of a players price for that day/date.
The bigger the line, the higher the volatility that day. Maybe the player scored a hat trick or maybe he did something worthy of lots of media attention. Like Pogba getting a new haircut or something. It’s up to you to research and find out.
Q) Ok, got that. Now what?
Join IndexGain and join over 2500 traders and share your questions or portfolio in there to get some feedback.