Football Index

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trader4
Posts: 9
Joined: Wed Jun 06, 2018 10:07 pm

Here is the appendix Sad and fairly brutal to read this. Most FI gamblers/investors were young people in their 20s they simply didnt have the life experience wisdom or nuances to understand the risk that they were taking.

Interesting to see the one bit of sanity in the middle of it all from Joseph Buchdaal. Think he has a masters degree in maths from cambridge and is a gifted writer about gambling.

Simple truth is 98% of FI users were making money that should have set the alarm bells off big time. I guess if people did make their money and then had the sense to get out before the crash then they would have done well. So there likely were some big winners aswell as big losers.
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StellaBot
Posts: 816
Joined: Thu Jan 26, 2017 11:52 am

Moral of story

Move On?
;)
StellaBot
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Here is not something
I wont share

blank screen
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wearthefoxhat
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At the bottom of the one of the pages....Can F.I. be sued alone for that?

FIndex.png
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jamesedwards
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Difficult for the Gambling Commission to stop it once the whole thing had started becoming more difficult the bigger it grew. Imagine if they had pulled the plug in Jan 2020 there would have been uproar! Thousands of punters who were all making good money and believing in the Index suddenly having their investment wiped out by a governing body for no good reason (in their eyes).
trader4
Posts: 9
Joined: Wed Jun 06, 2018 10:07 pm

jamesedwards wrote:
Wed Mar 24, 2021 1:55 pm
Difficult for the Gambling Commission to stop it once the whole thing had started becoming more difficult the bigger it grew. Imagine if they had pulled the plug in Jan 2020 there would have been uproar! Thousands of punters who were all making good money and believing in the Index suddenly having their investment wiped out by a governing body for no good reason (in their eyes).
Yes its a good point its difficult for the gambling commission to make that decision. But really so what if it is they still have to make it.

Similar to corona virus in some ways it was difficult for Boris to choose to lockdown before christmas but by being to spineless to do it things got much much worse. Gambling commission showed a lack of courage in my view. I dont think they had a lack of knowledge as to what was going to happen. They just sat back and abdicated resposibility.

Of course users and Football index themselves also have huge responsibility but the bulk of it lies with gambling commission in my opinion.
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jamesedwards
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The GC very quickly stopped SportStack. Reading between the lines now should have seen why they did.
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Naffman
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Apparently Footstock has now gone into administration too, I think Sorare is the final one?
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Euler
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Location: Bet Angel HQ

I haven't even heard of these, who in their right mind participates in this sort of stuff?
rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

Sorare is a different concept to football index they should be fine
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

rik wrote:
Fri Mar 26, 2021 11:02 pm
Sorare is a different concept to football index they should be fine
:lol:
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Naffman
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Euler wrote:
Fri Mar 26, 2021 9:23 pm
I haven't even heard of these, who in their right mind participates in this sort of stuff?
Especially after seeing what happened to FI but it's customers seem to blame management rather than the concept :?
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Naffman
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jamesg46 wrote:
Fri Mar 26, 2021 11:29 pm
rik wrote:
Fri Mar 26, 2021 11:02 pm
Sorare is a different concept to football index they should be fine
:lol:
:lol: :lol:
rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

Naffman wrote:
Sat Mar 27, 2021 1:56 am
jamesg46 wrote:
Fri Mar 26, 2021 11:29 pm
rik wrote:
Fri Mar 26, 2021 11:02 pm
Sorare is a different concept to football index they should be fine
:lol:
:lol: :lol:
? you know the setup?
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