The story of the online sports betting industry has been one of innovation and new ideas, and one of the most interesting new sports betting operators to emerge in recent years is Football Index, which launched in 2015 and is the world’s first football stock market.
In this comprehensive review, we will be taking a closer look at the site, assessing how well they perform in all the key areas of sports betting success, including the quality of their customer support, mobile betting support and live betting platform. We will also be weighing up their interesting $500 money back welcome bonus to find out how it works, what terms and conditions are attached, and whether it offers a good deal to the sports betting fan.
Overall Rating: 7/10
- Refunds Loses
- Refer a Friend
- Min deposit £10
An Eye Catching Football Index Deposit Bonus
Football Index is an innovative betting venture, so it is no surprise that they have produced a new take on the traditional welcome bonus. Sports punters are used to being tempted by sign up bonuses, but we haven’t come across any welcome bonus like that which Football Index are offering.
New customers who sign up for an account will be offered an eye-catching $500 Money Back bonus. Under the terms of the offer, Football Index will be prepared to refund losing stakes up to the value of $500 if your first few trades are unsuccessful during your first seven days as a Football Index player. We have come across one or two sportsbooks that offer Money Back bonuses, but none have come close to this level, and it is sure to be appreciated by sports punters.
There are terms and conditions attached to this welcome bonus, as you would expect. The offer can only be used once during your first seven days, by emailing customer service directly. There is a minimum deposit amount to qualify for the offer of £10 and if you make a withdrawal from your Football Index account during your first seven days, the welcome bonus will become invalid. But overall, this is an impressive sign up deal that will appeal to a wide audience of potential customers.
- Min deposit £10
- Refund Up to £500
- Within 7 Days
Easy Account Registration Process
In order to take advantage of your Football Index welcome bonus, you will first need to register a new account, but fortunately, Football Index have made this a straightforward process.
To launch your registration, you can click on the green Join Now button that is located at the top right of the Football Index home page. This will bring up an online form into which you can enter your personal details. The first stage involves entering your email address, telephone number, preferred password and country of residence. At step two, you will be asked to provide more contact and identity details, including your date of birth and address before your account is officially registered.
It is also important to note that at any point during the registration process, Football Index may ask for additional identity verification. This will usually involve uploading copies of your driving licence, passport, or other identity document, and while it can be inconvenient, verifying your identity helps to keep the site safe for all users, and the process of verification doesn’t take long.
Easy Funding with Football Index
Once you’ve created your account, you will have the chance to make your first deposit, though this involves setting you your banking details. Fortunately, Football Index have devised a deposit method that is quick and easy to use.
The first step is to choose your preferred banking method. We were a little disappointed to see that the site only offers two main types of banking options: Visa and Mastercard, and there is no option either to use old fashioned methods such as cheques or bank transfer or any of the array of e-Wallet payment types that have entered the market in recent years. Hopefully, this is something that the operator will look at in future.
The process of making that first deposit involves clicking on the icon that represents your preferred payment method. You will then have to enter relevant details to confirm your card identity. It is also important to remember to opt-in to the welcome bonus at the time of making your first deposit, to ensure that you receive your full bonus should you lose money after seven days.
Trading is Simple with Football Index
As Football Index represents a new type of betting site, newcomers could potentially find it difficult to get used to the way that betting or trading works, but fortunately the operators have done a good job of explaining how to get involved and have streamlined the whole process.
- Live Betting
- Mobile & Tablet App
- Early Payout / Cash Out
- Live Streaming
The Football Index concept broadly copies the Stock Exchange model, but with companies replaced by footballers. Rather than betting on a certain match or tournament outcome, you buy and sell virtual shares in a player, and the prices of those shares fluctuate according to how popular they are. It is possible to make money through trading shares in players and through what are known as Media or Match Day dividends, when those holding shares in top performing or high-profile players receive pay-outs for every share that they hold.
It is an interesting idea and has proven extremely popular with football fans. The mechanics of buying and selling shares is similar to the backing and laying process that is used by betting exchanges. To buy shares in a player, you can simply click on the player of your choice. You can then choose how many shares to buy and, if you have sufficient funds in your account, these shares will be added to your portfolio. And when you decide to sell shares in a player, the system works in the same way.
All dividends are automatically credited to your account and you can check out the progress of your portfolio at any stage. It is an innovative way to bet on football, and we were pleasantly surprised at the smooth and user-friendly implementation of the trading process.
A Dynamic Way to Enjoy Live Sport with Football Index
Football Index don’t offer a traditional betting model, but their platform, like those used by betting exchanges, is ideal for those who like the fast and dynamic action involved in live betting.
Over the course of a busy weekend of football, the prices of players in the market will fluctuate dramatically, and these can be followed through the easy-to-read Football Index platform. In effect, the Football Index model is always ‘live’ as the price of footballers will fluctuate with news and events in the football world as they are reported, making this effectively a Live Betting site.
One area that could be improved upon is the provision of live streaming footage, would help add an extra dimension to the trading of players, and perhaps this is something that Football Index will look at in the future. But overall, we think live betting fans will appreciate the Football Index model.
Smooth Mobile Trading
Mobile betting has become a huge part of the online sports betting world, and with a model that depends on up-to-the-minute price fluctuations, it is essential that the mobile offering from Football Index is flexible enough to run smoothly on all devices.
- All odds
- Betting predictions
- Live betting
- All payments
Fortunately, the operators have done a good job of meeting the needs of mobile traders, with a site that is optimised to work smoothly with all mobile devices and downloadable apps for both Android and iOS operating systems that makes it quick and convenient to trade on the move.
Limited Withdrawal Options
As with their deposit options, Football Index don’t offer a wide range when it comes to withdrawals, and customers are restricted to Visa and Mastercard methods. Although this will still be convenient for a large number of potential players, we feel that the site would score higher in this category if they catered for those who prefer to do their banking through e-Wallet methods.
We were also disappointed to discover that card withdrawals can take up to 10 days to clear, which is much longer than the typical five days with sportsbooks and is definitely one area in which they can improve. The good news is that there appears to be no daily or monthly withdrawal limit at Football Index, which will be welcomed by punters.
Reputable and Licenced Trading Model
As with any online site that offers financial transactions, it is important to be sure that the sportsbook you are using is reputable and licensed and Football Index certainly ticks those boxes.
The site is licenced by the UK Gambling Commission, one of the betting industry’s leading regulatory bodies, which imposes strict data and customer protection rules on all of its licensees. Football Index has also signed up with IBAS, the arbitration service that resolves gambling disputes, and their commitment to safe and responsible sports betting is underlined by their link with gambling organisation BeGambleAware.
Football Index Complete Bookmaker Profile
- 0800 066 2650
- UKGC Ref. 43061
Managed by: Index Labs
Headquarters: Suite 32, 4 Wharf Street, St Helier, Jersey, JE2 3NR.
High Quality Football Index Customer Service
The ability to have your queries and problems resolved quickly and effectively is an important aspect to consider when you are weighing up a new sportsbook, and it is particularly important for Football Index, which offers a type of sports betting with which many people will be unfamiliar.
We are pleased to see that Football Index offer a variety of ways to contact them, including email, a telephone option and a social media channel. The site also offers a comprehensive FAQ section and helpful video tutorials for those who are new to the trading concept.
An Innovative Site with a Generous Football Index Bonus
The online betting industry has been full of innovations in recent years, and the Football Index platform certainly comes into that category.
The site does a good job of making a potentially complex betting model easy to follow and to use, while offering one of the most generous welcome bonuses you are likely to see in the modern industry. With excellent customer support and impeccable licensing credentials, Football Index is a site that every punter should consider checking out.
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