Hey Matt,
I deposited £100 on the site a few months ago to have a dabble but haven’t actually done any trading yet. I read the rules and it also seemed that the amount of news articles a player is featured in helps drive the price too. Is that right?
Basically after reading how it works I kinda decided it would take up more time than I had if I was going to do it properly.
So a few questions:
1. You say you deposited £5k. What would the minimum roll you think someone would need to start with?
2. How many hours a week do you spend on this? Assume it’s a lot more during transfer windows?
3. How often/quick are price changes. Basically do you always have to be ‘switched on’ to make profit?
Hi Nick
In answer to your questions
1. It depends what you are looking for, if you are just looking for a bit of fun and interest then 2 or 3 hundred would be fine. At the moment the top players prices are quite high, circa £21 each, but with a share split coming at the end of March more of the top players will become accessible to those with a low investment.
If you are looking to make serious money then you need to be looking at putting in 4 figures minimum.
Like normal betting different people enjoy it betting at different levels.
2. Normally about an hour a day, checking how my portfolio has moved, reading forums, checking twitter and then carrying out any research on any players that might interest me. I know some people who put there portfolio together and then only check it weekly/monthly to see how it has moved.
3. They vary. One of the biggest movements was when Mourinho was sacked and all the united attacking players prices started to rise quickly, so in that sort of instance if you wanted to be involved you need to be on the ball. However a lot of price rises on players are gradual and there is plenty of time to get on. Ultimately when is too late. I brought Jadon Sancho shares at £7.25 and was worried I might have got on too late. He is now at over £15 each!
Dividends are paid out on players in 2 ways on a daily basis. The first is Media Buzz where points are allocated for each news story the player is involved in, the more dividends a player wins the more his price will rise.
The second way is Player Buzz, every player who plays a match in one of the top 5 European leagues receives Opta type points for his performance. The top performing players in their position each day win dividends. This means that someone like Kimmich who scores really well and wins top defender quite a bit is more expensive that van Dijk who is perceived as a better player.
This is where understanding how the market works is so important.