NottsRam77 Posted September 9, 2020 Share Posted September 9, 2020 Sorry if this is should be in the jim smith room, just thought it’s football related and yes it is gambling ... so please do it responsibly kids but does anyone else do it ? how u finding it ? any particular type of strategy ? just started via a mates recommendation and really enjoying it. but as a noob open to tips and ideas from anyone more experienced Link to comment Share on other sites More sharing options...
tinman Posted September 10, 2020 Share Posted September 10, 2020 I did it a couple of years ago and did quite well out of it. But then got bored of it over the summer and closed my account when they sponsored forest. Link to comment Share on other sites More sharing options...
DarkFruitsRam7 Posted September 10, 2020 Share Posted September 10, 2020 I think I made about £100 profit from roughly £400 investment about 2/3 years ago. Most of that was the result of pretty much all the good players rising in value because more and more people were using the site though. I'm not sure whether that's still the case. Link to comment Share on other sites More sharing options...
NottsRam77 Posted September 12, 2020 Author Share Posted September 12, 2020 Seems to be growing steadily, they’ve just introduced order books (still working that out lol) they’re also looking to float on the Nasdaq so seem confident of some pretty big growth Iv done about the same as u @DarkFruitsRam7 about 25% on £500 trying to decide to lob another 500 at it and see if I can make some tidy money or to walk away Link to comment Share on other sites More sharing options...
Comrade 86 Posted March 12, 2021 Share Posted March 12, 2021 Hope everyone pulled their cash out of this as they've entered into administration with investors now unable to withdraw funds. Not good!! https://www.theguardian.com/sport/2021/mar/11/football-index-customers-money-trapped-after-platform-is-suspended Football Index, the self-styled “football stock market”, appeared to be heading into administration on Thursday evening, five days after a massive crash on its market that left its customers with tens of millions of pounds trapped in its platform. If the business collapses, it will be the biggest failure of any British betting company, possibly leaving individual customers facing potential losses of £200,000 or more. Actually opened an account myself a few years back but never deposited any funds as something didn't feel right about it and a few industry insiders were pretty sceptical about their 'business plan'. The chosen insolvency practitioners is Begbies Traynor according to the article so I'd suggest contacting them if you had funds in this. FI are talking about 're-structuring' but it sounds dead in the water to me. Link to comment Share on other sites More sharing options...
DarkFruitsRam7 Posted March 12, 2021 Share Posted March 12, 2021 21 minutes ago, 86 Hair Islands said: Hope everyone pulled their cash out of this as they've entered into administration with investors now unable to withdraw funds. Not good!! https://www.theguardian.com/sport/2021/mar/11/football-index-customers-money-trapped-after-platform-is-suspended Football Index, the self-styled “football stock market”, appeared to be heading into administration on Thursday evening, five days after a massive crash on its market that left its customers with tens of millions of pounds trapped in its platform. If the business collapses, it will be the biggest failure of any British betting company, possibly leaving individual customers facing potential losses of £200,000 or more. Actually opened an account myself a few years back but never deposited any funds as something didn't feel right about it and a few industry insiders were pretty sceptical about their 'business plan'. The chosen insolvency practitioners is Begbies Traynor according to the article so I'd suggest contacting them if you had funds in this. FI are talking about 're-structuring' but it sounds dead in the water to me. Got into it in 2018 (on a school student's budget) and made about £100, which was cool at the time. It was only because the market was growing so quickly though, and nothing to do with skill. Sold all my holdings before I went to uni and haven't gone back since, thankfully. Link to comment Share on other sites More sharing options...
Comrade 86 Posted March 12, 2021 Share Posted March 12, 2021 1 hour ago, DarkFruitsRam7 said: Got into it in 2018 (on a school student's budget) and made about £100, which was cool at the time. It was only because the market was growing so quickly though, and nothing to do with skill. Sold all my holdings before I went to uni and haven't gone back since, thankfully. Good thing really! Some had 6 figure sums invested. Saw something about prices crashing on the weekend - Sancho from £15+ to under a quid - so the signs were ominous. That said, it's happened almost overnight. Smacks of a Ponzi scheme to me but we'll see. Link to comment Share on other sites More sharing options...
DarkFruitsRam7 Posted March 12, 2021 Share Posted March 12, 2021 16 minutes ago, 86 Hair Islands said: Good thing really! Some had 6 figure sums invested. Saw something about prices crashing on the weekend - Sancho from £15+ to under a quid - so the signs were ominous. That said, it's happened almost overnight. Smacks of a Ponzi scheme to me but we'll see. A journalistic called Joey D’Urso (I think) has been covering it. From what I can gather, they’ve been covering up their poor financial state, which led to them massively changing their dividend payouts system. This meant the value of all the players dropped massively, and everyone has lost a load of money. I believe they’re now claiming they’re a gambling site, not a stock market (I think because the laws differ around them). Link to comment Share on other sites More sharing options...
Grumpy Git Posted March 12, 2021 Share Posted March 12, 2021 Looks like a dressed-up Ponzi scheme to me: https://caanberry.com/football-index-failure/ Until "respectable" Armani suited crooks start doing some proper porridge it'll keep happening too. Yer can't beat having yer dosh under yer bed. Just make sure 'ouse dunner catch fire. Link to comment Share on other sites More sharing options...
Day Posted March 12, 2021 Share Posted March 12, 2021 Does this mean Forest can go back to having Fawaz sponsor their shirts? Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted March 12, 2021 Share Posted March 12, 2021 3 hours ago, David said: Does this mean Forest can go back to having Fawaz sponsor their shirts? Well, being sponsored by a gamling company that managed to go bust and have it's license suspended is quite on brand for forest, but alas, they have had to take the logo off their shirts (as have QPR). I expect a "Be Kind - please don't call us Notts because it triggers out fans" type design to be rushed through. Link to comment Share on other sites More sharing options...
JfR Posted March 12, 2021 Share Posted March 12, 2021 4 minutes ago, RadioactiveWaste said: Well, being sponsored by a gamling company that managed to go bust and have it's license suspended is quite on brand for forest, but alas, they have had to take the logo off their shirts (as have QPR). I expect a "Be Kind - please don't call us Notts because it triggers out fans" type design to be rushed through. They could just do this with it Link to comment Share on other sites More sharing options...
Millenniumram Posted March 12, 2021 Share Posted March 12, 2021 Well, that’s next weeks excuse sorted for the Shiekh... everyone knows the reason why he can’t send the funds is because they’re all tied up in his football index account! Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted March 12, 2021 Share Posted March 12, 2021 1 hour ago, Millenniumram said: Well, that’s next weeks excuse sorted for the Shiekh... everyone knows the reason why he can’t send the funds is because they’re all tied up in his football index account! But he remains very positive about the deal going through soon. Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted March 12, 2021 Share Posted March 12, 2021 8 hours ago, 86 Hair Islands said: Good thing really! Some had 6 figure sums invested. Saw something about prices crashing on the weekend - Sancho from £15+ to under a quid - so the signs were ominous. That said, it's happened almost overnight. Smacks of a Ponzi scheme to me but we'll see. The stench of Ponzi is rising like a miasma from this one.... Link to comment Share on other sites More sharing options...
Sith Happens Posted March 13, 2021 Share Posted March 13, 2021 23 hours ago, David said: Does this mean Forest can go back to having Fawaz sponsor their shirts? Apparently taking inspiration from the previous owner the fat greek will be the forest shirt sponsor going forward...it will just say 'get your fix' Apparently has a double meaning but I don't understand it.. ? Link to comment Share on other sites More sharing options...
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