Okay, need to say this re #footballindex

Firstly, to make it clear, I’m 100% behind orderbooks. They’re essential to grow the product and I’m already enjoying making bids on players.

However, I’m reading a lot of stuff that’s completely missing the point re existing holds...
Extremely good and intelligent accounts included, keep saying that existing lower end holds aren’t devalued now, and that you shouldn’t ‘expect’ FI to bail you out of bad bets, and so on and so forth. You’ll have seen the tweets.

Now whilst there will be examples of that...
This is not the norm from what I’m standing.

Example: I bought a player at 50p, they rose to 75p with a 2p spread. Good bet yeah? Not now. For two reasons:

1. Sell price is now 42p. Yes it may rise at some point, but that’s how it is now.

2. People don’t dare market buy...
Players down there at the moment. So my chances of market selling on a goal, good PB score or even a decent transfer rumour have also diminished.

So spare a thought for those of us that made good bets at the time on sub £1 players, only to CURRENTLY being effectively trapped.
Either list & pray for a hat trick or something (good luck with that if it’s a defender), or IS for a loss when a few weeks ago it was a good bet.

The good news is that we have the sell orders to come, a div increase etc. But don’t dismiss those of us that have a lot of old bets
Hopefully a simplified version of SMDP and increased IPDs from @FootballIndex will help too.

I’m massively optimistic about the Index, just wanted to make these points.

It also doesn’t affect ongoing bets made now as you know the rules now. So new traders are unaffected.
You can follow @FootyIndexAl.
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