Football index has been around now for a while, so why the review now? The main reason is I haven’t ever used them before doing this review. I love football and betting, so it should have been something that lured me in right away. Alas, it didn’t, but as the saying goes, better late than never.
What drew me into trying football index? This is simple, I am always on twitter, and the amount of accounts I follow plugging this form of betting is crazy. Don’t get me wrong, their advertising of football index didn’t make me want to sign up. It was the outrageous statements they were making without backing it up that forced me to sign up (see examples below).
Outlandish claims wouldn’t usually bother me, even from generally reputable twitter accounts. It happens all the time with subjects such as tipsters and matched betting. But with these topics, there is plenty of information on the internet for people to find the truth. Unfortunately, this isn’t the case for football index, so I’ve decided to give it a go and report my findings in this review.
A quick search has given me these few examples, along with many others, and its likely to only get worse as it gets closer to the start of the season.
Firstly a quick explanation of what football index is. It’s a trading platform in the style of the stock exchange. The difference being, here you buy and sell football player. The concept is pretty simple, but it’s currently a new form of betting (or trading), so a little research into football index is best.
How this review of football index will work is a bit different to most other types of review. Firstly, although I’ll touch on it lightly, this isn’t a review of the site itself – such as the functionality and ease of navigation. This football index review is all about proving or disproving the hundreds of social media statements that it’s super easy to make money.
So I’m going to talk you through my attempts to make money. I’m going to explain my methodology here in the article (the reasons I picked the players to trade) and then use the comments section for updates on the players I buy or sell, why I plan to buy or sell and the resulting profit or loss. I’m going to do this experiment with a deposit of just £50. The reasons being, 1, you should never start any new betting experience with a large sum of money, and 2, £50 is an amount most people reading this can afford to risk doing a similar experiment.
I’m no mug punter, I have worked as both an in-play and pre-event football trader. I have written several articles on betting strategy for jollyodds.com. And I’m constantly surrounded up multiple sports screens and people that work and love the sports betting industry. So when people claim a football betting site is easy to make money, I think I should be one of the people that can join their easy money gravy train.
The obvious first goal in betting is to make money. So I’ve had a read of football index’s site to see how this is done. Their “frequently asked questions” section tells me there are two ways to make money
Again, all nice and straightforward, and pretty similar to trading the stock market.
The buzz score, as football index has called it, is a rating of media mentions. Looking into the method they have of calculating this buzz score brings some information that will help decide on players to trade.
Firstly, the media they rank the score on are all UK facing sites. Meaning a story generating interest in the UK is more important than Spain, Germany, Italy, etc. And as they have told you the media outlets you can also have a quick scan of their sites to see what is generating interest. The sites are Talksport, UEFA, The FA, ESPN, FIFA, Football League, Daily Mail, Daily Star, The Times, Telegraph, Independent, Express, Guardian, Metro, Daily Mirror, BBC, Football365, Goal.com, Huffington Post and Sky Sports.
Secondly, they say they rate the stories using a model called AFINN-11. This is a sentiment analysis model and means stories will be rated based on whether they are deemed positive, negative or neutral. How much weight they give to each section is unknown, but obviously, it’s better to buy a player generating positive stories and not follow the old saying all press is good press.
As it’s the off-season, this good press is most likely to come in the form of transfer news; this will obviously change once the season starts, as goals and injury news will affect prices heavily. And looking at the last few Buzz winners, this cements this argument. With Paul Pogba and Riyad Mahrez featuring in many articles for their rumoured moves to Manchester United and Arsenal respectively.
I’m going to use twitter mainly, and it’s trending feature to see who is being talked about, and then look into the story and guess as to whether this story is likely to gain many headlines. So my tactic is going to be, to try and generate money via dividends and not buying low and selling high. Purely because the second method will require a longer time period.
So, I have now signed up and have to say it was pretty simple. You do have to be a UK resident, which I didn’t know till I signed up. Which was ok for me, but means fewer people potentially playing than I’d hoped. Now all I need to do is find my first buys. This is where this article moves on to the comments section. Here I’ll update you with all the buying and selling I think is worth it, fingers crossed.
If you want to give it ago yourself, sign-up here