It’s safe to say that sports can help you to make a lot of money. However, when it comes to gambling, a lot of this is purely down to chance. Matched betting is a little different, and I’ll cover that another time. For now, however, I’d like to take a close look at something called the Football Index.
The Football Index isn’t considered traditional gambling, but it does involve you placing a little money on how you think footballers will perform. In fact, it’s closer to traditional stocks and shares than it is bookmaking. If you’ve ever played fantasy football before and have a passing interest in how stocks work, it may be worth you taking a closer look at signing up. Before you do, however, read on to learn more about what you can expect.
What is Football Index and How Does it Work?
The best way to describe the Football Index is that it’s an online game, of sorts. In the same way that traditional stocks and shares may be gamified by investors, football fans log in and decide to invest in certain players who they feel will be successful in matches and seasons to come.
In the same vein as fantasy football, it is all about choosing players you think will convert big points – or in this case, money – for you in the long run. Through fixed odds, you will be able to pick from a list of all footballers currently playing and place money on whether or not you think they will continue to perform well. This means scoring, avoiding fouls, injuries and more.
The Football Index decides a ‘top 200’ each day which regularly changes. This is based on a number of factors, though is ultimately linked to how well players are doing for their clubs overall. There is also a further list of players who don’t make it into the top flight, which are available as ‘squad players’. The top 200 changes each day at midnight (GMT), and new players may be introduced as IPOs at noon (GMT) the day before they join the ranks.
How Do You Win At Football Index?
You place money or buy stakes in players to win daily cash. If the value of your players has improved in 24 hours, you win the difference between the new price and your initial stake. You can win money from the Football Index based on ‘Media’ and ‘Match Day’ dividends. In the former, players will be ranked based on positive media coverage. In the latter, player performance in a day’s matches will be taken into account.
This is just a simple overview. The Football Index may get a little complex, though it’s very easy to follow if you’re fully invested.
Can You Make Money on Football Index?
Yes. Unlike betting on straight odds, you choose to invest in a portfolio of players. While you might build a portfolio of company stock on the real-life markets, you are effectively building a squad of players you think will perform well on the dividends. You can also invest in players you think will grow in popularity. This means, in the long run, you will end up increasing the value of your initial stake if value increases.
It’s perfectly possible to make money from the Football Index, though there is a certain degree of luck involved. People who are invested in football already may be able to make safe assumptions and turn over a regular income from just a few days’ betting. Some users may prefer to hunt down dividends on match day, while others will prefer to see where players are ranked based on media profile. There are plenty of opportunities for you to win both ways, which can make the site an intriguing alternative to simple bookmaking and betting.
How Much Can You Make?
It’s possible to make hundreds, even thousands, through regular investments here. The same, of course, applies to the standard stock market. However, with a betting element involved here, it may be advisable to take slight caution. However, there is no reason why you won’t convert small bets into big payouts if you already know a fair bit about the game and its players. For people who are already market-savvy and who are avid football fans, the Football index is a fantastic little site where you can convert your knowledge of both worlds into cash.
The site has run promotions in the past where you may get a lot of your cash protected if you’re really not getting on with the index. The site has previously, for example, protected buyers by up to £500. Providing you follow certain rules and terms, this means the Football Index would refund you money up to £500 if you find you are struggling to see any returns. However, again, terms will apply. It’s also likely the site will change its deals and promotions around from time to time. Do keep a close eye on what they’re up to through the main site and their social media.
Who Owns Football Index?
The Football Index is owned and operated by founder Adam Cole for BetIndex Ltd, who set up the brand in 2015. It is a child of the parent group Fame Ventures, who owns the licensing to its software, and is classed as a private firm in the gambling and technology industries. During the football season of 2018/19, it’s claimed that the Index saw over £200 million traded. As such, the company is looking to expand into foreign markets in the near future.
Is Football Index Regulated?
Yes – the Football Index is fully licensed and regulated. It operates on a fixed-odds basis, and is currently open for UK users and traders to join and start playing with. Both the UK Gambling Commission and the Jersey Gambling Commission support the site’s trading licenses. As such, it is completely safe to sign up with and use from day to day. You can even get into the trading action via app, available on both Apple and Android devices.
How to Sign Up
Signing up is relatively easy. You can register an account for free, but you will obviously need to deposit money to be able to get into the main trading offered by the site. The site’s FAQs are fairly easy to follow, and the Index’s guides and content is generally very simply written. This means it is highly unlikely that you will be stuck on what to do to get started.
I recommend you sign up at the Football Index and take on the ‘tutorial’ mode. Even if you are a complete novice to trading, or even to sports betting, this guide will help you understand how you can potentially make money from the site over an extended period of time. There is also a useful ‘academy’ mode, which you’ll find under the ‘join now’ button on the main home page. This is a more advanced guide to sports trading, which is worth looking into if you intend to make the most of the site over a long period.
Otherwise, simply sign up with a valid email address and UK card, and you’ll be free to explore the site and its markets at your leisure.
Conclusion and Final Thoughts
The Football Index has only been around for a relatively short time, yet it’s already making its users plenty of money. Everyday betters and sports punters might like the change of pace, and it is a system which is set up to help convert knowledge of football and player form into genuine money. However, to be able to make money regularly, you are going to need to have a keen eye for the game. As with all gambling, however, much of the conversion here will be down to chance. There is no telling how players will perform in future matches, or even in the media.
However, I do think it’s a nice introduction to stock market basics. Stocks and shares can be confusing for the everyday investor at the best of times. Transforming this world for football fans to take advantage of is a genius idea. It’s hardly surprising that so many people have leapt on board to start putting their money where their mouths are.
Again, I will advise that you take caution. Gambling is by no means a guaranteed money-earner. While the Football Index works on fixed odds and offers a safer way to make sporting predictions, there is still a lack of control which means there’s an element of risk. However, millions of people risk money on the stock market every day. I’d say it’s a great site to take a look at if you’re a football fan or a stocks genius. However, do always make sure you follow tips, and bet small to begin with.
The Football Index is very intuitive, which means it’s easy to follow. It’s not going to be to everyone’s tastes, but it could earn you a nice little extra cash each day.