Dave Posted January 19, 2021 Share Posted January 19, 2021 On 14/01/2021 at 12:33, Smiley Culture said: Got into a Twitter rabbit hole on Football Index and people really are pissed off. How has it gone so badly wrong? The product had massive potential. I think the concept still does. You kind of hope and established bookmaker takes the concept and runs with it at some point as the actual concept is brilliant. There latest announcement sounds very Footstocky. Link to comment Share on other sites More sharing options...
Smiley Culture Posted January 19, 2021 Share Posted January 19, 2021 1 hour ago, The Palace Fan said: I think the concept still does. You kind of hope and established bookmaker takes the concept and runs with it at some point as the actual concept is brilliant. There latest announcement sounds very Footstocky. If a competitor who didn’t constantly change the product and mess around or a bookmaker took over Football Index, it would blow up, I reckon. Link to comment Share on other sites More sharing options...
Smiley Culture Posted February 24, 2021 Share Posted February 24, 2021 Not sure why but I proper miss FI, or should I say, the old FI, this evening. Had a look at the alternatives, they’re just not catching my interest, sadly. Link to comment Share on other sites More sharing options...
Subscriber Dan+ Posted February 24, 2021 Subscriber Share Posted February 24, 2021 Could've swore I put a few posts in here about how I've basically sold everything. Ended up taking a loss in the end which is infuriating. All that to end up losing. You live and learn. Link to comment Share on other sites More sharing options...
Smiley Culture Posted February 24, 2021 Share Posted February 24, 2021 1 hour ago, Dan said: Could've swore I put a few posts in here about how I've basically sold everything. Ended up taking a loss in the end which is infuriating. All that to end up losing. You live and learn. Have you moved on to an alternative? Link to comment Share on other sites More sharing options...
Subscriber Dan+ Posted February 24, 2021 Subscriber Share Posted February 24, 2021 7 minutes ago, Smiley Culture said: Have you moved on to an alternative? Nothing yet. I haven't really looked into it either. I felt a bit cheated in a way, I liked the idea but I feel that the professional traders will always win. Link to comment Share on other sites More sharing options...
Dave Posted February 25, 2021 Share Posted February 25, 2021 12 hours ago, Dan said: Nothing yet. I haven't really looked into it either. I felt a bit cheated in a way, I liked the idea but I feel that the professional traders will always win. That's what has always put me off the Betfair Exchange. I didn't realise how phenomenal some people have got in that form of market. Link to comment Share on other sites More sharing options...
Subscriber Dan+ Posted February 26, 2021 Subscriber Share Posted February 26, 2021 16 hours ago, The Palace Fan said: That's what has always put me off the Betfair Exchange. I didn't realise how phenomenal some people have got in that form of market. They will always win. They see the rookies coming. I suppose it's one of those things that you just have to get good at before you make any serious investment into it. They've been in our position, they just wanted to become actual traders. Football Index attracted people like me who don't really (never say never) and just saw it as a way to try and make a bit of money on football knowledge. I think if it was based on that a lot of people on here would've made good money from it - but in the end it's been restructured umpteen times and the pros will always know how to react, whilst we're just trying to play fantasy football. Miserable but what can you do. Link to comment Share on other sites More sharing options...
Smiley Culture Posted February 26, 2021 Share Posted February 26, 2021 20 hours ago, The Palace Fan said: That's what has always put me off the Betfair Exchange. I didn't realise how phenomenal some people have got in that form of market. 4 hours ago, Dan said: They will always win. They see the rookies coming. I suppose it's one of those things that you just have to get good at before you make any serious investment into it. They've been in our position, they just wanted to become actual traders. Football Index attracted people like me who don't really (never say never) and just saw it as a way to try and make a bit of money on football knowledge. I think if it was based on that a lot of people on here would've made good money from it - but in the end it's been restructured umpteen times and the pros will always know how to react, whilst we're just trying to play fantasy football. Miserable but what can you do. I use the Betfair Exchange. Took some getting used to and I read a couple of books on it to get a better understanding of how it worked and it definitely helped. I’m certainly no pro on the Exchange and I’ve been burned a couple of times on there but I am pretty much your beginner still. I do the most basic of stuff on there in terms of laying the draw or very, very occasionally laying a side. Football Index was completely different from Betfair or traditional betting. I think there was something on offer there for people with different budgets. I thoroughly enjoyed looking for hidden gems, younger players who were quite cheap and undervalued. Once they started messing around, I had enough. It’s a shame because it was very good and was, essentially, Football Manager with actually money involved. Link to comment Share on other sites More sharing options...
Dr. Gonzo Posted March 6, 2021 Share Posted March 6, 2021 Just seen on Reddit there’s a lot of controversy about dividends being slashed and player values being a fraction of what they were overnight. I’ve always been interested by Football Index because I liked the idea of gambling on a platform that operates similar to the stock market. I never tried it though because I thought it was an even harder game than “investing” (but tbh I use the stock market like a casino). But it does look like the business model operated as something of a pyramid scheme/ponzi scheme - needing new members to pay out the old members. Seems like they were always due for some trouble with that model. But I feel for people who’ve lost a lot of money in this. Seems wrong and that Football Index should be forced to find a way to fund returning players to their old values. Link to comment Share on other sites More sharing options...
Dave Posted March 7, 2021 Share Posted March 7, 2021 They won't let me withdraw the cash balance I've had sitting there since October without accepting the new terms and conditions which allows them to change the terms of the bet so drastically. If I refuse they'll sell all my shares at market price now and give me the end result. Think I'll wait it out for three weeks to see if anything happens. I hope the bad press leads to some form of change. Link to comment Share on other sites More sharing options...
Honey Honey Posted March 10, 2021 Share Posted March 10, 2021 Lots of stories of people losing small fortunes, 80% of their savings overnight and such. Link to comment Share on other sites More sharing options...
ROBBIEFC Posted March 10, 2021 Share Posted March 10, 2021 I looked into investing in this a fair while ago, but didn't based on what I read on here. I'm glad that I didn't. It looks like a horror show. Seeing some of the tweets being showcased by the tabloids, people have lost their entire life savings: one I saw was nearly a quarter of a million down. Absolutely horrific. Link to comment Share on other sites More sharing options...
Dave Posted March 10, 2021 Share Posted March 10, 2021 9 hours ago, Robbie said: I looked into investing in this a fair while ago, but didn't based on what I read on here. I'm glad that I didn't. It looks like a horror show. Seeing some of the tweets being showcased by the tabloids, people have lost their entire life savings: one I saw was nearly a quarter of a million down. Absolutely horrific. To know that people on this forum have potentially prevented you being scammed out of your hard earned money cheers me up no end. I see it as a life lesson. I've lost disposable income but I feel incredibly sad for those that have had horrible conversations with loved ones over the week. There arrogance as a company over the whole incident is just astounding. Link to comment Share on other sites More sharing options...
Dave Posted March 11, 2021 Share Posted March 11, 2021 Link to comment Share on other sites More sharing options...
Dave Posted March 13, 2021 Share Posted March 13, 2021 They're deleting podcasts, statements and tweets now which makes me think they're preparing themselves for a legal battle. Link to comment Share on other sites More sharing options...
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