A few weeks ago we introduced to you the world’s first football stockmarket, Football Index.
By now we’re sure you’re fully familiar with the innovative service that is entirely revolutionising sports betting as we know it, but in case you missed our opening prelude you can find out about how it works by clicking this lovely link, here, or if you’re feeling extra lazy this Friday morning then there’s even a video, which you can watch below.
Last week we dived head first into the groundbreaking marketplace as we attempted a Squawka first: to turn £20 into £20,000.
We’ll be honest, it’s turned out harder than we expected but, pure and simply, we’re still absolutely hooked having already seen the huge returns to be made if you’ve got a bit of managerial savviness inside that brain of yours. It’s literally Fantasy Football but with potential cash in your pocket every day.
So, having experienced the buzzing trading environment first hand at the start of March, we thought we’d provide you guys with a week-by-week guide as to where to invest your money. starting in 3…2…1.
N.B. next week we’ll be bringing you exclusive player investment tips so check back here once you’ve tested the water and got a basic understanding of things.
You can get started for as little as a tenner but, being the daredevils we are, Squawka went in no-holds barred with a £20 quid kitty.
We invested about £15 of our initial stake in a number of players who we thought would only increase in value over the space of the week. In this case said players were Marcus Rashford, Dimitri Payet, Mousa Dembele, Diego Costa and Alexandre Pato.
We’ll tell you now, avoid Pato at all costs as his value has already dropped by over 2.5% and with Bertrand Traore jumping ahead in the Chelsea pecking order, it’s unlikely Pato’s loan stint in England is going to turn out a successful one. (Keep an eye on Costa’s injury updates though – we’ll post any developments here – as a long-term problem could deem Pato investable once again.
Tip 1: Invest wisely… to start off with
Rather than investing all our money into the Futures of just one player, we spread the net to get a grasp of how each player’s stock deviates day to day.
It meant that we saw very little profit or loss as we basically only bought one share in each player, but it allowed us to get a better understanding of the market trends before risking bigger money.
This would definitely be our biggest tip to start off with as if you’ve only got one Future in a number of players it will be easy to sell them on for just a few quid each, equating to minimal losses – pennies, we’re talking – even if they do turn sour for whatever reason.
Tip 2: Go hard, once you’ve got the knack of it
As we just noted, because we purchased so little stock in each player it meant that our returns off the ones whose value increased was minimal. Diego Costa steadily increased for much of the week but as we had just one share, it meant returns were barely even worth it.
That’s why we’d suggest, once you know your surroundings, to pick one or two players who you KNOW – or at least have a strong inkling – will increase in price over the course of the next few weeks. We were actually in the red by 94p at the end of week 1’s trial period but if we had just invested in Costa then it would have been an entirely different story.
Tip 3: Take the Buzz chart seriously
We earned dividends off the Buzz feature on a couple of occasions and, quite frankly, it’s one of the easiest ways of making money on the Football Index. Heck, you don’t even have to lift a finger.
Costa won the Buzz for us and it wasn’t exactly rocket science that he’d be in the running at the very least considering Chelsea were playing their crunch Champions League tie against Paris Saint-Germain in midweek.
PSG indirectly labelled the striker a fraud via their official Twitter account and Laurent Blanc openly spoke about the controversial Spain international in the press. The story was already written that Costa would end up scoring at Stamford Bridge and it’s opportunities like these that present easy opportunities to make money.
Had we have gone big and put all our investment into Costa then we would have had a big return from the Buzz chart alone, without taking into consideration his market value. It’s easy money.
As we said earlier we’ll post a player-tip guide next week predicting who we reckon could win big in the coming weeks & there’s a little secret that you’ll definitely want to know. Watch this space.