It is really important that you read and understand these Game Rules before placing a Bet, particularly as these may change from time to time. They may also have a material influence on whether and how you place any Bet and/or otherwise use Football Index.
- Top 200
- Squad Players
- How do you win?
- Media Dividends
- Match Day Dividends
- Buying Shares
- Selling Shares:
- Join Sell Queue
- Instant Sell
- Share Period
Football Index is a stockmarket game where traders take a position on the ‘future success’ of footballers with real money. You place a Bet (which we call a ‘Share’) with us in exchange for the chance to win a daily payout (which we call a ‘Dividend’). It is a UK licensed and regulated fixed-odds gambling product. Over 3,000 footballers are listed on the platform and are split into two (2) lists:
1. Top 200
A list of the Top 200 highest priced footballers. All these footballers are eligible for both Media Dividends (MD) and Match Day Dividends (MDD). Footballers are promoted and relegated from the Top 200 at 00:00 (London time) each day based on price. We may introduce new footballers into the Top 200, which is referred to as an Initial Player Offering (IPO). These IPOs will be published at a price at our discretion on The Football Index News Blog at 12:00pm (London time) the day before, but specific timing of the IPO will not be announced.
2. Squad Players
A list of all remaining footballers. All these footballers are eligible for both Media Dividends (MD) and Match Day Dividends (MDD). We may introduce new footballers into the Squad Players, which is referred to as an Initial Player Offering (IPO). These IPOs will be published at a price at our discretion on The Football Index News Blog at 12:00pm (London time) the day before, but specific timing of the IPO will not be announced.
How do you win?
You have two opportunities to win:
- By buying a portfolio of footballers you think other traders will buy and increase in value (as a result of increased demand) enabling you to cash out your Bets at a profit.
- By buying a portfolio of footballers you think will earn you Dividends (see section below) over a period through the Media Dividends or Match Day Dividends.
You are able to win a payout (which we call a ‘Dividend’) on your Bet in two (2) ways, depending on the results of footballers’ media and/or match day ranking:
1. Media Dividends
Within the Live Rankings section of our Website/App, we have a subsection titled ‘Media’. This is our proprietary daily monitor of all UK online football news, which drives a daily score published in list form. On Match Days (see our Academy for definition), the top footballer with the highest score each day by 12:00am (London time) is declared the 'winner' for that day and will win the Media Dividend. Whilst on Non Match Days (see our Academy for definition) the top three footballers are declared the ‘winners’ and will each win Media Dividends (see Dividend Table for more information). In the event of a tie, the footballer with the latest story unique to that footballer (out of the footballers who are tied) will be ranked higher. We reserve the right to remove stories attributed to a footballer, that are not relating to footballing events, or that refer to another similarly named but incorrect person. Payouts for Media Dividends is between 12:00am (London time) and 3:00am (London time) on the day immediately following the day on which the applicable Dividend became due in accordance with the Dividend Table. To receive Media Dividends you have to hold the footballer until you have been credited with the Media Dividends.
2. Match Day Dividends
Within the Live Rankings section of our Website/App, we have a subsection titled ‘Match Day’. This is our proprietary daily monitor of footballing performance (for football match days in the Eligible Competitions) across the top leagues in Europe (Premier League, La Liga, Bundesliga, Serie A, and Ligue 1) and the main two European football tournaments (Champions League and Europa League)(together, ‘Eligible Competitions’). The Eligible Competitions may also include additional competitions as and when they are available. On each day there is a football match in any of the Eligible Competitions, we will rank all the participating footballers according to a list of weighted statistics: ‘Points Scoring’. The Points Scoring is subject to change from time to time. If we need to make any material changes to the Points Scoring we will keep you informed either by email, via the Website and/or on the App. The top ranking footballers in the ‘Match Day’ section will be eligible for a Match Day Dividend. The amount of Match Day Dividend paid out depends on the number of, and the prestige level of, the football matches taking place on that day (see Dividend Table for more information). In the event of a tie in rankings, the footballer with the more recent date of birth will rank higher. If the date of birth is the same, the footballers’ names will be ranked alphabetically starting with the first name. Footballer playing positions are categorised based on data from a third party data provider, and may be updated in the case that the supplier changes the category of a given footballer. Payouts for Match Day Dividends is between 12:00am (London time) and 3:00am (London time) on the day immediately following the day on which the applicable Dividend became due in accordance with the Dividend Table. To receive Match Day Dividends you have to hold the footballer until you have been credited with the Match Day Dividends.
Dividends are paid out according to the Dividend Table. We may pay additional Dividends for promotional reasons, and review and update the Dividend Table. If you buy a Share prior to the Dividend Deadline, and that Share is ranked in one of the categories in the Dividend Table then that Share will be eligible for a Dividend. The Dividend Deadline is 3pm (15:00 London time). The Dividend Deadline applies to Media Dividends and Match Day Dividends. We may postpone or change the Dividend Deadline for promotional reasons before or during football fixtures to allow users to buy Shares which may be eligible for Dividends. We will keep you informed of any changes to the Dividend Deadline either by email, via the Website and/or on the App.
Buying and Selling Shares
You may buy up to a maximum of 300 Shares for each footballer at the Published Price (see definition below) in a single transaction. You may make as many transactions as you wish provided you have sufficient funds in your Account. The maximum number of Shares you can buy per single transaction may change from time to time. In certain circumstances, we reserve the right to suspend the ability to buy shares, temporarily or otherwise for a specific footballer or all footballers.
As the Bet is a fixed odds bet, we publish the price of each footballer that reflects the levels of demand for buying or selling each footballer (‘Published Price’). Your Shares are displayed in a section of your account known as the ‘Portfolio’. This will always display the number of Shares you hold. A time-stamped record of the Bets placed are held in the ‘Transaction History’ of your Account (each Bet transaction may be archived after 3 months from the date of placing the Bet).
You may be able to cash out your Bet early (for either more than you paid for the Bet or for less) by clicking 'Sell' on the Shares you hold in your Portfolio (up to a maximum of 300 Shares per transaction). You are able to sell your Shares in two (2) ways (both of which we take a 2% commission fee and a minimum of 1p from each completed sale transaction):
1. Join Sell Queue
You are able to cash out your Bet by clicking ‘Join Sell Queue’ on the Shares you want to place in a queue for other users to buy (‘Sell Order’). We cash out the Bet subject to finding another user who will 'buy' your Sell Order. We cannot guarantee a price. Your Shares will be sold at the Published Price at which the Sell Order was completed rather than when the Sell Order was placed. However, you may set a lowest price at which you accept another user to buy your Sell Order (‘Reserve Price’) and may cancel your Sell Order at any time. If the price of any Share drops below your Reserve Price, we run a process that regularly checks and attempts to cancel your Sell Orders as soon as feasibly possible.
2. Instant Sell
We publish a sell price at which you may cash out your Bet early by clicking ‘Instant Sell’ on the Shares you want to sell instantly. When you confirm your ‘Instant Sell’, you cash out the Bet and we deposit the monies into your Football Index Account instantly. The difference between the ‘Buy’ price and the ‘Sell’ price is the ‘Spread’. The Instant Sell price will be the lower end of the Spread. The Spread may vary, especially in relation to Share prices that are experiencing high levels of volatility. In certain circumstances, we reserve the right to suspend Instant Sell, temporarily or otherwise for a specific footballer or all footballers.
A Share lasts for three (3) years from the date you place the Bet (the ‘Share Period’). Upon the expiry of the Share Period, the Bet will expire – meaning that you will lose your stake and the right to participate in any Dividend. In advance of the Share Period expiration, it is open to you to take steps to sell the Share via the Website and/or the App and buy new Shares in the same footballer. This will result in ‘resetting’ the Share Period associated with the new Shares in that footballer.
If you have purchased Shares on different dates in the same footballer and sell them via the Website and/or the App, the oldest Shares will be sold first. For example, if you make the following Bets via the Website and/or the App:
- buy 10 Shares on 1 January 2017
- sell 5 Shares on 1 January 2018 (total shares now held is 5)
- buy 5 Shares on 1 January 2019 (total shares now held is 10) and
- sell 5 Shares on 31 December 2019 (total shares now held is 5)
None of your Shares would have expired on 31st December 2019. This is because the oldest would have been sold first, and the remaining 5 Shares held would last for 3 years from 1 January 2019 until 31 December 2022.
When a footballer retires or passes away we will remove that footballer the day after the footballer retires or passes away from the Top 200 and/or the Squad Players. Your Bets will lapse, and you will not be able to place any further Bets on that footballer.
When a footballer has not played football in any of the Eligible Competitions / Matches during the preceding calendar year, or is sentenced to prison, we reserve the right to remove that footballer the day after that preceding calendar year expires or the day after the sentence is given. If we remove that footballer your Bets will lapse, and you will not be able to place any further Bets on that footballer.
Last updated: 01/10/2019 at 22:52 GMT.