Football Index sells itself as the world’s first football stock market. It is a unique product that allows you to buy and sell (i.e. trade) individual players as commodities. It bears more similarities to the LSE or a betting exchange than a traditional bookmaker. We explain how it works, how you can profit from it and how to try it risk free!
Trade up to £500 risk free for 7 days
Ever fancied yourself running the show at a top football club? In charge of every vital aspect such as he team selection, the scouting network and the youth set up? Surely we can all do it better than half of the no-hopers who get the gig at the biggest clubs. Well, now is your chance!
Football Index promo code – March 2020:
We’ve got an in-depth review of Football Index just below. For those of you who just want to claim the offer, it’s just these two simple steps:
1. Click the button in the box above to reveal the Football Index promo code.
2. Check the Football Index referral code 2020 and enter it when joining if prompted.
Note that there isn’t always any need to enter a promo code, if you have clicked the button above you are guaranteed to be eligible.
What is Football Index? We give you the lowdown in this review
Love a bet on the football? You’re certainly not alone. There’s little more exciting than a flutter on the major football matches. When the dust settles at full time We all love a passionate rant from an angry manager, but it’s nothing when compared to bragging amongst friends, family, workmates, and anyone who would listen that you called the winner, correct score or even the first goal scorer, and got paid for the privilege too.
But, have you ever wondered what it would be like to be on the other side of the fence? As the saying goes, you never see a poor bookier. Well, footballindex.co.uk have given everyday punters the chance to leap into the next field and see if the grass really is greener on the other side.
Advertised as your chance to become a football trader and play the stock market on the game we all love – this innovative site offers the opportunity to build a portfolio, earn dividends and sell at a profit. Intrigued? We know we were at the first point of contact, so let’s delve a bit deeper into the inner workings of this bold idea.
Football Index risk free new customer trial
Football Index gives new customers a fantastic opening offer to allow you to dip your toe in the water of football trading, without getting wet. Provided by BetIndex, you can sign up for a new account and they will gift you seven days of risk free trading. In other words, depositing anything up to £500, you can play the markets for a week after your first deposit, all with zero chance of losing your cash. All you have to do after the seven days is contact a member of their friendly customer services team, they will then talk you through a step-by-step account of liquidating your profile and when empty they’ll refund any losses up to that £500 value. Your account will be credited within 48 hours of your request.
Simple enough, and a great way for those interested to get a feel for things. The Football Index guys must be fairly confident you will turn a profit in the first week to be offering such a cashback option.
Football Index sign up offer and promo code
Football Index trading tips – buy a share in popular players
Traders have in front of them two ways to win, or profit, in this sphere. Buying a pool of players that you think will rate highly in what’s called ‘The Buzz’. 25 respected news feeds are used to build the Football Buzz, and this will be your bible when trading. Football players are marked up or down on their daily press coverage, and that allows for winners each day of the week and there are cash benefits for having your man mentioned in a positive light. If one of your pool has the highest score using this method at midnight, he will be settled as the winner of the daily prize.
Moving on to money, and the winner of a daily prize will see all shares in that footballer paid out at a dividend of 0.05 GBP.
Football Index trading tips – buy low, sell high
This is when the city trader in you comes out. Fancy yourself as the new wolf of wall street? Then do as the big-guns do and sniff out a bargain by playing the long game. Invest in a crop of footballers you think are about to burst on to the scene, and profit from their rise in popularity.
You will need your knowledge of the future of the game to come into play here, not to mention a bit of foresight and luck thrown in for good measure, but every player has a price, and if you can sneak in at the ground level and pick up a few names on the cheap, the rewards could be massive. Think buying a stake in Jamie Vardy in the lower leagues and selling in the Champions League, or imagine Wayne Rooney as a fresh faced wonderkid on the bench at Everton to the record scorer at Manchester United.
As the reputation of your player grows, as does demand for his signature, and that’s when you will profit. Similar to the cash-out feature used in sports betting, this rewards those making a judgement call early on, and creaming off the profits when in a great position. You don’t have to win the match – just play well.
Football Index – Understanding the risks?
It’s betting, or trading on football, however they wish to dress it up, there are always risks involved when outside of your money back seven-day trial period, but what’s great to know for amateur traders and those having their first go at this is you can never lose more than your stake money!
A quickfire way to lose your initial stake is to play the short-term game, buy the big-name players at the peak of their abilities, with the only way forward being down. Snatching Ronaldo after that stunning hat-trick vs Atletico Madrid in the Champions League. Of course, why not, but is he going to get any better? Will CR7 ever be more popular than he is now? That’s the risk you’d be taking. Paying through the nose for the star attraction before seeing him have a terrible World Cup and not really hold his value as the months go on. His value is only going to go sink.
Another risk worth keeping in mind is the relegation aspect of things. Two players drop out of what Football Index refers to as the first team each week, that is the two lowest ranking names, becoming worthless, meaning you are certain to lose your investment stake. Again, if you’re a lover of the beautiful game and can see the bigger picture, similar to a fantasy football team manager, you’re wanting to grab the right players at the right time, and ditch the wrong players at the right time.
Football Index referral code
In addition to the main offer above, you can also utilise the Football Index referral code when you join. This is an extra that is designed to allow existing players to refer a friend. The benefit of doing so is that you each get a £10 bonus in your account! If you are signing up for the main risk free offer above try entering “NOID” into the referral code field. Although we won’t get a tenner, you still should!
Football Index banking options
Withdrawing funds is as simple as you’d find with most reputable bookmakers, but it’s worth noting that Football Index do deal on what they refer to as a closed-loop policy, meaning the method you use to deposit funds in to your account, ie debit card, is the same way you must withdraw any winnings. That could become an issue if depositing though more than one source, ie debit card and credit card, but it is a stance aimed at protecting both the business and its customers against fraud and money laundering. Won’t be an issue for most users, and we do expect that to be commonplace with bookmakers in the near future too.
Withdrawal times are generally pushed as 2-5 working days, again pretty standard in the gambling industry, while deposits are available to use straight away, which is a fair approach, as they are subject to the same 2-5 waiting period as customers.
Football Index help and support
This Football Index promotion may come across as an attractive, fresh way to bet, but it has the potential to become tricky, especially in the early days for new customers. The company do have open clear lines of communication however, via their contacts section. You can email any queries to be picked up, or as you would expect from a crew as active as they are on Twitter, you can also Tweet any questions directly, which we think would be the quickest way to get an answer. Companies are always eager to help in front of the watching public and potential customers.
There’s also an in-depth FAQ section, designed to help you through the process of more basic requests, such as address change and lost/stolen card. For security and safety, they will also help you set-up self-imposed restrictions, such as deposit limits, self-exclusion and time-out, a feature which allows you to block your account for an agreed period, if you feel your betting has become unmanageable. All general measures for a socially aware gambling company these days.