You may have read about some of those “success stories” of Football Index traders selling shares of players for huge winnings close to six-figure numbers from dividend payouts on the football stockmarket. But make no mistake; like any other betting platform, the Football Index isn’t really a place to turn to for people who want guaranteed returns on their money. Indeed, the football stockmarket can be a very profitable platform for fans who are willing to research and apply their sports knowledge for potentially high yields.
That being said, while the potential returns from betting on the Football Index can be quite big, you may want to do a quick reality check before you start putting in a huge chunk of your hard-earned money into your Index account. Here are five things you should know before you bet on Football Index.
- Don’t Expect It to Replace Your Day Job
After you get a taste of how great it feels to earn from dividend payouts, it can be hard to keep yourself from going down the rabbit hole. You may think, “Wow, that was easy. Maybe I can quit my job and live off of payouts instead.” Again, there are no guarantees that future payouts will be as lucrative regardless of how well your portfolio is doing now. As such, it would be prudent for you to keep any job that promises you a predictable and comfortable source of income, one that generates enough to sustain your needs even if your portfolio returns take a dip.
That being said, Football Index may provide you with an unexpected source of money to top-up your savings. There are plenty of ways to grow your money, and betting on the Football Index market is just one of them. If you’re one of those who have not yet tried your hands at Football Index trading, you can use this exclusive Football Index offer that gives you an instant £20 credit if you use the promo code and spend£40 on your first player bets. Even by starting small, you could earn a tidy sum from your football knowledge that can serve as an additional source of gains.
- Be Prepared to Lose What You Bet
Who doesn’t want to bet and win big on the Football Index? However, if your idea of a winning strategy is to put all your savings on player shares, you need to rethink your position on sports betting altogether. Any money you put into a bet has a real risk of disappearing, and you may never earn it back. In short, be prepared and comfortable to lose money you bet; that way you’re equipped for the worst case scenario and haven’t overexposed yourself.
The good news is that there are sound trading principles you can apply on the Football Index that mitigates the risk of losses. Study up on these different techniques first and develop an objective mindset for betting — otherwise, you’re vulnerable to knee-jerk decisions that can compound your losses even more.
- Know Your Risk Appetite and Betting Style
There are obvious charms to starting with small bets. You get to play around with the platform, build a good eye for following the numbers game, find out your tolerance for risks, and learn how to structure your portfolio.
If you’ve done some reading on betting styles on the Index, you may have heard of people who aim for that three-year hold and beyond. Sure, it can work, but it might not be for everyone. The point is, avoid falling into the crowd mentality and believing that there’s only one surefire way to trade and go big. This is where the small bets can earn you knowledge that’s beyond the value of the payouts.
Before you pour in large amounts of cash, see what happens to your £100 first. Learn the ropes, diversify, become your own football analyst, and pay attention to your reaction to spikes in player prices. You’ll eventually realise which betting style suits you best and whether you’re capable of holding player shares for years, months, weeks, or just a few days.
- Have a Limit
Following the media buzz on your favourite sports and betting on rising or top-performing players can be a lot of fun. But even with Index trading, you need to have a limit on how much time, money, and energy you’re putting into the betting platform.
And it just so happens that the more money you have in the market, the more likely you’ll be watching the numbers rising and falling like a hawk; therefore be sure not to overexpose yourself, bet within your means and be responsible and as is advised widely, when the fun stops, stop.
- Don’t Forget to Keep it Fun
The focus of the Football Index is to create a fun and convenient way for fans to bet on football players while throwing in a few other perks such as dividend payouts. As such, it’s safe to say that if you’re not having fun playing with smaller bets, you shouldn’t think that pouring in more money will change anything for you. On the contrary, you may end up even more frustrated and take on bets with absolutely no data to back up your decisions.
Takeaway
Football is the most enjoyed and followed professional sport with more than 3 billion estimated fans across the world. While there are several ways to leverage on your vast knowledge of the sport and get huge winnings, you may want to ask yourself if it’s the right step to take. In the end, the Football Index market is a betting platform, and like all types of gaming, it’s bound to make you win some and lose some. Clearly assess what your motivations and goals are for putting in more money, and adjust your approach accordingly. And last, but not least, don’t forget to have fun!