Last updated on: 08/06/2020
1.1. What is FOOTBID? 1.1. What is FOOTBID?
FOOTBID is an innovative fantasy football game where you can buy and sell players in a dynamic marketplace. It enables people to buy and sell athletes' virtual shares, which are valued in accordance with their real-life sports performance and the supply and demand verified in the platform.
Our ultimate goal is to create a ground-breaking sports investment platform through an athlete-centric approach, by crafting an engaging, rewarding and transparent experience for all sports' lovers.
For now, FOOTBID is a fantasy football game where no money is at risk and no profit is expected either to the platform or its users [FAQ 1.3].
1.2. How does FOOTBID work? 1.2. How does FOOTBID work?
FOOTBID works just like a typical fantasy football game, but with an innovative marketplace dynamic powered by the thrill that only your passion for sports and expertise in football player evaluation may bring:
- Invest Wisely: study the market to target undervalued or upcoming stars and purchase shares of those you believe to be great deals;
- Monitor your Porfolio: continuously build the perfect portfolio with your favourite players in order to maximize dividends and other benefits;
- Conquer the Leagues: join highly competitive fantasy leagues, with your friends or the FOOTBID community, and win extra prizes;
- Analyse your Dashboard: control and improve your performance by inspecting your key metrics and follow their evolution over time;
- Trade with Profit: turn a profit by timely selling peaked players and use the resulting income to reinvest in the hottest prospects;
- Show your Skill: climb the investors ranking, compare yourself with friends and top performers in FOOTBID and become our G.O.A.T.
1.3. How can I make money on FOOTBID? 1.3. How can I make money on FOOTBID?
FOOTBID is a fantasy football game, which does not receive or pay any monetary values from or to its users. All references to 'coins', 'investment', 'profit', 'loss' or others are purely fictional in this platform and do not have any positive or negative impact on your finances.
We are working hard to be able to serve you with a transparent, consistent, safe and fully functional investment platform where you may actually place investments for financial returns. Until then, we invite you to play the fantasy football game as an investment simulator and give us feedback about your experience.
1.4. How did the FOOTBID concept came to light? 1.4. How did the FOOTBID concept came to light?
The FOOTBID concept started to shape after we realized there were not many long-term investment solutions for sports fans. With some cash available, the current options are either to invest in complicated (and often dull) products on the financial markets or to bet on risky and short-term gambling platforms.
We believe that investment should be a rewarding and fun experience, and that these two characteristics should not be mutually exclusive. If you share this belief, be part of our community and make sure you stay tuned for our next steps.
1.5. Is there a quick reference guide? 1.5. Is there a quick reference guide?
Yes. Throughout the platform, you can always consult the 'About' link on the footer to see a high-level quick reference guide on how FOOTBID works. Nonetheless, for detailed doubts and questions, we recommend using this FAQ section.
1.6. How can I contact FOOTBID? 1.6. How can I contact FOOTBID?
You can get in touch with us by sending an email to [email protected]. We are always excited to receive feedback from our users.
Alternatively, you may also visit our social media pages:
On any page of the FOOTBID platform, you can always refer to the 'About' link on the footer, to check our contact info.
1.7. Is my personal information secure? 1.7. Is my personal information secure?
Yes. You can be sure that your personal information is secure because FOOTBID does not process data beyond the purpose of fulfilling your requests while using the platform and does not share any information with third-parties.
Additionally, FOOTBID complies with the GDPR regulation, namely by allowing you to manage the visibility of your profile within the platform [FAQ 8.11] and giving you the options of suspending [FAQ 8.12] and deleting your account [FAQ 8.13] at all times.
Furthermore, our database is safely encrypted and stored in Heroku, a professional service for deploying applications with proven IT security mechanisms.
1.8. Is there a FOOTBID app available? 1.8. Is there a FOOTBID app available?
On your desktop, you can install it by visiting FOOTBID and clicking ' Install FOOTBID App' on the homepage, or by selecting the ' Install App' option in your navbar avatar.
On your mobile phone, the installation depends on the operative system:
For iOs users, visit FOOTBID in Safari and select . On the options list, select 'Add to Home Screen ' and then 'Add'.
For Android users, visit FOOTBID in Google Chrome and click the ' Install FOOTBID App' prompt on the homepage. Alternatively, you may select the ' Install App' option in your navbar avatar.
You will now notice the FOOTBID icon is now on your home screen!
2.1. What is the purpose of the Dashboard? 2.1. What is the purpose of the Dashboard?
The Dashboard displays both the latest notifications regarding your activity on the platform and a set of key performance indicators (KPIs) and charts that help you in analysing your performance in FOOTBID. This way you can always be up to date, understand your evolution and exposure and make informed decisions on the next steps to increase the profitability or minimize the risk of your portfolio.
2.2. What is the difference between the various sections in the Dashboard? 2.2. What is the difference between the various sections in the Dashboard?
The sections in the Dashboard enable you to check your latest activity or to further analyse your performance :
- Hub: displays summary data and links to each section of the platform, together with notifications regarding your latest activity;
- Financial Data: showcases your financial key performance indicators (KPIs) and a set of selected charts that help you in understanding the evolution of your returns in FOOTBID;
- League Data: displays your key performance indicators (KPIs) in FOOTBID fantasy leagues and a set of selected charts with additional insight;
- Exposure: presents the breakdown of your player portfolio so that you can confirm if your exposure is in line with your investment strategy.
2.3. How can I use the cards presented in the Hub section? 2.3. How can I use the cards presented in the Hub section?
The cards presented on the left hand-side of the Hub (or on the bottom of that section, if you are using a mobile device) aim at providing a quick glimpse into your current status on all of the FOOTBID areas.
In total, there are 5 different cards, containing the following information:
- Portfolio: Players you own, ordered from the most valuable to the least valuable (with a link to the Portfolio section), total coins invested in players (indicator on the left hand-side of the card) and total value of your current portfolio (indicator on the right hand-side of the card);
- Market: Players you have shortlisted (with a link to the Shortlist tab of the Market section), number of shortlisted players that are currently for sale (left) and number of players owned that have active bids on the Market (right);
- Orders: Open orders presently active (with a link to the Orders section), number of open buy orders (left) and number of open sell orders (right);
- Leagues: Currently subscribed leagues (with a link to the Leagues section), number of leagues that you have participated in (left) and number of leagues you have won (right);
- Network: Friends on your network (with a link to the Network section), number of received friend requests still pending your approval (left) and number of pending friend requests that you sent to your friends (right).
2.4. Which notifications are sent and how often do I receive them? 2.4. Which notifications are sent and how often do I receive them?
On the right hand-side of the Hub (or on the top of that section, if you are using a mobile device) there is a notification centre, ordered from the most recent to the oldest, so that you are always up to date in your FOOTBID experience.
These notifications are received in key moments of your interaction with the platform, namely after the following actions take place:
- Portfolio: (i) welcome offer received, (ii) referral coins received, (iii) dividends received;
- Market: (i) buy order placed at player you own, (ii) sell order placed at player you shortlisted, (iii) new player added to the Market, (iv) player removed from the Market, (v) player share(s) sold to FOOTBID due to player removal from the Market;
- Orders: (i) player share bought from pending order, (ii) player share sold from pending order, (iii) order expired, (iv) order(s) cancelled due to player removal from the Market;
- Leagues: (i) league cancelled due to insufficient participants, (ii) league finished (with information on your position and prize received, if any);
- Network: (i) request received from a friend, (ii) request accepted by a friend, (iii) level up.
2.5. Which status can notifications have? 2.5. Which status can notifications have?
Notifications may assume one of two different status: unread or read.
Unread notifications are triggered from an external event, such as a pending order being met or a league finishing. These notifications will be highlighted in green on the notifications centre and the total active notifications will always be displayed on the green bubble on the upper right-side of your avatar.
Read notifications are the ones you have already checked () [FAQ 2.6]. These will not be highlighted on the notifications centre and will not be accounted for on your avatar's notification bubble.
In a previous section [FAQ 2.4] you can check all of the different notifications you may receive in FOOTBID.
2.6. Can I manage my notifications? 2.6. Can I manage my notifications?
You can read individual notifications that are currently active (i.e. highlighted in green), by pressing the icon on the right hand-side, or you can press the ' Read all' button (on top of the notifications centre) to mark all active notifications as read.
Additionally, you may remove read notifications by either clicking the icon on the right hand-side, or by pressing the ' Remove all' button (only available if there are no active notifications).
2.7. What is the meaning of portfolio weighted rating? 2.7. What is the meaning of portfolio weighted rating?
The 'portfolio weighted rating' considers the season rating of the players in your Portfolio (according to the API-Football assessment [FAQ 8.2]) weighted by the current market value of the shares you own for each player.
This indicator can be very useful to understand the quality of your portfolio inside the pitch. Theoretically, the highest the form, the most likely it is that you will receive significant dividends, win leagues if you select the right players for each gameday and sell the shares of your players at a profit in the Market.
2.8. What is the meaning of coins available for investment? 2.8. What is the meaning of coins available for investment?
The 'coins available for investment' is the amount of FOOTBID coins you currently own and are not yet invested in players. In other words, it is your current outstanding balance.
If you'd like to analyse the transactions that led to that amount, you can visit the Portfolio module and check the ' Balance' section [FAQ 3.9].
2.9. What is the meaning of investment in player portfolio? 2.9. What is the meaning of investment in player portfolio?
The 'investment in player portfolio' is the total amount of FOOTBID coins you have used to purchase the shares you currently own.
It does not take into consideration any market price fluctuations that have happened since your purchases, thus not representing the actual current valuation of your portfolio.
2.10. What is the meaning of portfolio value change? 2.10. What is the meaning of portfolio value change?
The 'portfolio value change' represents the variation (positive or negative) that your investment in player portfolio has suffered if the current market price [FAQ 4.12] of the shares you own is considered (instead of their purchasing cost).
The current market value of your portfolio (i.e. the expected gross income if you'd sell all shares at the Market) can be calculated by summing up the 'investment in player portfolio' indicator [FAQ 2.9] and the 'portfolio value change'.
2.11. How do I calculate the total value of my assets? 2.11. How do I calculate the total value of my assets?
The total value of your assets is displayed on the small dashboard on the navbar, as the largest sized figure, next to your name. It is the result of summing up your liquidity and the current market value of your portfolio (both these figures are also displayed on the navbar on the line below, so that you are always aware of your holdings).
For a deeper dive, you can get to the value of your holdings by adding your 'coins available for investment' [FAQ 2.8] to your 'investment in player portfolio' [FAQ 2.9], duly incremented or reduced by the 'portfolio value change' [FAQ 2.10].
In any case, please note that the current market value of your portfolio is an estimate which considers the latest market price for each player. If market conditions change, you may not be able to sell the intended shares at that price.
2.12. What is the meaning of cumulative P&L? 2.12. What is the meaning of cumulative P&L?
The 'cumulative P&L (profit and loss)' is a return-oriented indicator which presents how many FOOTBID coins you effectively won or lost in the platform until a given moment.
The main contributor for this indicator is usually the individual profit or loss from players' shares sold (i.e. sale price discounted of any transfer fees minus the purchase price). Other sources of income or cost are also considered, such as dividends, pay-outs, performance prizes and penalties.
For this calculation, all deposits, withdrawals and coin offerings are disregarded, as well as any investments not closed (i.e. player's shares not yet sold).
2.13. How can I understand the charts available in my Dashboard? 2.13. How can I understand the charts available in my Dashboard?
2.14. How can I understand my risk exposure? 2.14. How can I understand my risk exposure?
To understand your risk exposure we recommend using the 'Asset Breakdown' available on ' Financial Data', as well as the player distribution charts presented on the ' Exposure' section.
As a rule of thumb, to mitigate significantly volatility and risk, you should avoid a significant concentration of your investment in a reduced number of players or in players with similar characteristics (e.g. same club) whose performances may fluctuate negatively at the same moment due to common factors (e.g. club losses).
3.1. What is the purpose of the Portfolio? 3.1. What is the purpose of the Portfolio?
The Portfolio displays, under the ' My Players' and ' Market Info' sections, all of the players you are currently investing in, as well as the number of shares held and other relevant information. You may also check your transfer history (player-by-player on a buy / sell logic) and transaction statement on tabs ' Transfer History' and ' Balance' respectively.
3.2. What is the difference between the various sections in the Portfolio? 3.2. What is the difference between the various sections in the Portfolio?
The sections in the Portfolio enable you to analyse your past and current investments in different perspectives:
- My Players: displays all players for which you currently own shares;
- Market Info: displays the 'market' data for the players on your portfolio, similar to the Market views [FAQ 4.1];
- Transfer History: displays the log of shares bought and, when applicable, sold (including the respective profit or loss);
- Balance: displays your transaction statement with all movements to your available coins.
3.3. How do I add or remove players from the Portfolio? 3.3. How do I add or remove players from the Portfolio?
A player will be added to your Portfolio as soon as you purchase one of his shares and will remain there until you have sold all of his shares. In other words, the Portfolio shows all of the players for which you have shares at the moment, displaying the number of shares held on the notification (and their breakdown as tooltip) on the upper left hand side of the player photo.
Just as in the Market, you can buy or sell a share from one of your players directly on the Portfolio menu, under the ' Market Info' section, through the best price 'Buy @ (best price)' and 'Sell @ (best price)' buttons or by configuring a given order on the icon [FAQ 4.6 / 4.7].
3.4. Can I check the individual cost of each player and the total cost of my portfolio? 3.4. Can I check the individual cost of each player and the total cost of my portfolio?
Yes. A player's total cost is displayed on the 'Investment' column of the ' My Players' section, which sums the individual cost of each share bought for that player.
To see the total cost of your portfolio you may use the Dashboard, namely through the 'investment in player portfolio' card [FAQ 2.9].
3.5. Can I check how much the shares of a player have changed in value since my acquisition? 3.5. Can I check how much the shares of a player have changed in value since my acquisition?
Yes. On the 'Change' column of the ' My Players' section you can see your players' total value change (since his shares were bought) both in absolute and percentual figures, as well as the average change per share.
To see the total change in value of your portfolio you may use the Dashboard, namely through the 'portfolio value change' card [FAQ 2.10].
3.6. Can I check the current value of each player and the total value of my portfolio? 3.6. Can I check the current value of each player and the total value of my portfolio?
Yes. Any player's individual value can be checked on the 'Value' column of the ' My Players' section. This amount is calculated based on the latest market price for that player's shares [FAQ 4.12], multiplied by the number of that player's shares you hold on your portfolio.
To check the current value of the shares you hold you may use the small dashboard on the navbar, in particular the amount close to the icon. For a more detailed analysis, you may also consider the values presented on the Dashboard, namely under the ' Financial Data' section [FAQ 2.11].
3.7. Can I check market information regarding my players? 3.7. Can I check market information regarding my players?
Yes. On the ' Market Info' tab of the Portfolio module, you can see information such as the value change, number of transactions executed and a visual representation of the share price evolution for a given time period [FAQ 8.4].
In this tab, you may also check the latest market price of your players, as well as any shares being currently bought or sold for each of them. For additional clarifications refer to the 'Market' chapter of the FAQs.
3.8. Can I see more information on a given player? 3.8. Can I see more information on a given player?
Yes. Besides the information displayed on the Portfolio, you can individually analyse your current and historical investments in one player by entering in the 'Player Page' and consulting the tabs ' Investment Data' and ' Transfer Log', respectively.
On the 'Player Page' you may also check additional information, such as ' Sports Performance' (including his current form and key figures) and ' Market Data' (including his share price evolution, transaction volume and information on orders placed).
3.9. What is the difference between the Transfer History and the Balance tabs? 3.9. What is the difference between the Transfer History and the Balance tabs?
The ' Transfer History' tab displays only player shares transactions. With a share-by-share logic, you can easily see specific information associated with each investment (such as the name of the player, number of days holding the share, purchase / sale type, date and price) and, if already sold, any profit or loss incurred with the transfer. On the 'Sale Info' column of the table you can also check any fees paid to FOOTBID, due to the order matching service on the secondary market.
On the other hand, the ' Balance' tab lists all transactions (player related or otherwise) performed in FOOTBID with an impact on your coin balance. In the same way as an ordinary bank statement, you may consult all credits and debits associated to your account, on a simple and descriptive form.
3.10. What do I win for holding a player in my Portfolio? 3.10. What do I win for holding a player in my Portfolio?
By holding a player's shares in your Portfolio you may use him in Leagues with friends and other users from the FOOTBID platform and be eligible to win competition prizes [FAQ 6.13].
Additionally, every day that you log in, you will receive a daily dividend depedent on the overall sports quality of the players you hold, measured by the 'portfolio weighted rating' [FAQ 4.6].
The daily dividend received will then be calculated using a rate calculated by dividing the 'portfolio weighted rating' by 1 000, which is applied to the eligible portfolio [FAQ 2.11] (i.e. excluding any players who may not have been rated yet this season, for his current club, on eligible competitions [FAQ 8.3]).
4.1. What is the purpose of the Market? 4.1. What is the purpose of the Market?
The Market is the focal point for buying and selling player shares in the platform. All players available in FOOTBID are listed within this module, namely the ' All Players' section, and you may either quickly buy or sell one of their shares at best price or place a custom order that will be executed when and if there is a match between yours and other users' intentions [FAQ 4.6 / 4.7].
4.2. What is the difference between the various sections in the Market? 4.2. What is the difference between the various sections in the Market?
The sections in the Market enable you to filter players on distinct conditions:
- All Players: displays all players available in FOOTBID;
- Shortlist: displays only the players you have shortlisted [FAQ 4.20];
- For Sale: displays only players whose shares are currently being sold by other users, ordered by the number of open sell orders;
- Hot Deals: displays only players whose shares are currently being bought by other users, ordered by the number of open buy orders.
4.3. When and how are players added from the platform? 4.3. When and how are players added from the platform?
New players are phased into the platform once they are eligible under the competitions supported by FOOTBID [FAQ 8.3] and only when FOOTBID considers it is time to launch their initial offering.
These offerings are published in advance on the FOOTBID social network pages [FAQ 1.6].
The first release pricing, as well as the pricing for subsequent releases from FOOTBID in the primary market area defined by the FOOTBID team considering several factors [FAQ 4.15].
4.4. When and how are players removed from the platform? 4.4. When and how are players removed from the platform?
Existing players are removed from the platform if they are no longer eligible under the competitions supported by FOOTBID [FAQ 8.3]. This may happen in case of a transfer, release as a free agent, end of career or any other situation which inhibits the player or ex-player from competing.
In case of transfer, the players will be removed in a timespan of up to 2 weeks after the closing of a given transfer window (i.e. 31/09 and 31/01). In case of other triggers, the players will be removed in a timespan of up to 2 weeks after the given event is known by FOOTBID.
As part of the removal process, the actual shareholders for whom the player shares will be captures will be duly rewarded. As such, a corresponding deposit based on the latest market prices will be placed on the user's coin balance, corresponding to the maximum between: i) the average transaction price during the month before removal; ii) the latest market price; iii) the current best sell price [FAQ 4.14].
4.5. How does the marketplace actually work? 4.5. How does the marketplace actually work?
The FOOTBID Marketplace composed by two distinct subMarkets built upon proprietary copyrighted algorithms: primary market: issuing and repurchasing of player shares by the platform itself; secondary market: trading of player shares between the platform's users.
When a player is added to the platform, the FOOTBID team will setup a first issue price linked to his real market value according to external sources which will be used for the first share issued only [FAQ 4.1].
Over time, on the '(1) primary market', and up to the communicated maximum number of shares per player, the FOOTBID platform will be willing to issue an additional share at a price premium. On the other hand, it will also repurchase your shares at a price discount if you cannot sell them in the secondary market [FAQ 4.11].
Complementarily, once a user owns a specific share of a player, he will be able to sell it on the '(2) secondary market' to other users who have placed corresponding buy orders. For instance, if the best buy or sell prices do not suit you, there is the option of placing custom orders [FAQ 4.6 / 4.7] which will be matched against those from the other users [FAQ 4.8].
To guarantee a smooth and linear user experience, these two submarkets are not differentiated in terms of navigation and you will always be served with the principle of best price [FAQ 4.13 / 4.14] - this means that the price presented to you on best buy or sell buttons will always be the best, regardless of the submarket considered.
4.6. How can I buy a player's share? 4.6. How can I buy a player's share?
Player shares may be bought in FOOTBID using two distinct approaches:
(1) Best buy button: by clicking a green button with the legend "Buy @ (best price)", resulting in the immediate purchase of 1 share of the player at the best price displayed [FAQ 4.13].
In some cases, the best buy button may be disabled [FAQ 4.16] or the order may be refused as the best buy price has changed meanwhile (e.g. another transaction of that player's shares occurred between the moment you have loaded the page and pushed the button).
(2) Custom buy order: by pressing the icon, selecting the "BUY" tab and submitting the custom order form after properly filling in the number of shares to buy, at which price and until what deadline (i.e. the order will expire if not completed until that date, at midnight).
Once placed, the FOOTBID matching algorithm [FAQ 4.8] will continuously run and try to find corresponding sell orders from other users. Every time there is a match, and as long as your buy order is still open [FAQ 5.3] and you still have enough funds, a transaction will be automatically executed.
4.7. How can I sell a player's share? 4.7. How can I sell a player's share?
Player shares may be sold in FOOTBID using two distinct approaches:
(1) Best sell button: by clicking a red button with the legend "Sell @ (best price)", resulting in the immediate sale of 1 share of the player at the best price displayed [FAQ 4.14].
In some cases, the best sell button may be disabled [FAQ 4.17] or the order may be refused as the best sell price has changed meanwhile (e.g. another transaction of that player's shares occurred between the moment you have loaded the page and pushed the button).
(2) Custom sell order: by pressing the icon, selecting the "SELL" tab and submitting the custom order form after properly filling in the number of shares to sell (which is limited to the number of shares you own), at which price and until what deadline (i.e. the order will expire if not completed until that date, at midnight).
Once placed, the FOOTBID matching algorithm [FAQ 4.8] will continuously run and try to find corresponding buy orders from other users. Every time there is a match, and as long as your sell order is still open [FAQ 5.3], a transaction will be automatically executed.
4.8. How are custom orders matched? 4.8. How are custom orders matched?
The custom orders matching algorithm will run continuously to try to find buy and sell orders for a player's share within compatible pricing. For increased transparency, this process runs only for the secondary submarket [FAQ 4.5] (i.e. between user orders).
Following the best price principle, in the scope of a custom sell order, the first matching buy order to be processed will be the one with the highest price. Conversely, in the scope of a custom buy order, the first matching sell order to be processed will be the one with the lowest price. In both cases, if more than one order with the best price exists, the oldest will be the one considered first.
Also following the best price principle, the price considered for the transaction will be the one from the selling order. For instance, if the best selling order is priced at 700 coins and the best buy offer is priced at 1 000 coins, a transaction will occur for those orders and will be registered at 700 coins.
After the orders are matched and validations ran (e.g. buying user has sufficient funds), a transaction will be generated for each relevant share, changing its ownership, executing the transfer of the respective FOOTBID coins and generating the charging of a transfer fee [FAQ 4.9].
Note that orders will be matched regardless mismatches in quantity. For example, if the buy order is for 3 shares and the sell order only for 2 shares, 2 transactions will occur, the sell order will be closed and the buy order will remain partially open waiting for the last share to be matched.
4.9. What are transfer fees? 4.9. What are transfer fees?
Transfer fees are fees charged by FOOTBID, whenever a transaction is conducted between users (i.e. in the secondary submarket [FAQ 4.5]), for the exchange services provided. Currently, an unique fee of 5% of the transaction price is charged to the selling user's virtual coin balance.
4.10. Where can I buy or sell a player's share? 4.10. Where can I buy or sell a player's share?
You will be able to buy or sell player shares anywhere in the platform where the best price buttons or custom order button [FAQ 4.6 / 4.7] are displayed and clickable.
For instance, you may place your orders through all sections of the Market module, on the ' Market Info' section of your Portfolio and on the individual 'Player Page', where you may analyse additional data about the player sports and market performance.
4.11. What if nobody wants to buy my player's shares? 4.11. What if nobody wants to buy my player's shares?
That will not occur as FOOTBID will always be available to repurchase player shares, even if at a discounted price, if there is no demand from other users in the platform.
This means that you will always be able to sell your shares, even if not making a profit, and generate extra liquidity in FOOTBID coins so that you may adjust your strategy, take advantage of unexpected market opportunities or participate in new fantasy leagues.
4.12. How is the current market price calculated? 4.12. How is the current market price calculated?
The current market price is simply the value at which the latest transaction of a player's share has occurred.
This straight-forward approach to pricing intends to bring transparency to the Market, mostly in an initial stage where material trading volume is not expected. Nonetheless, the calculation of market price may be revised for incremented accuracy and reduced volatility once trading volumes rise significantly.
4.13. How is the best buy price calculated? 4.13. How is the best buy price calculated?
4.14. How is the best sell price calculated? 4.14. How is the best sell price calculated?
The best sell price is the highest price of all buying orders currently open for that player's shares, considering both FOOTBID submarkets [FAQ 4.5] (i.e. the price at which the platform would be willing to repurchase a share and the prices of all open buy orders placed by other users).
4.15. How are new share releases and priced by FOOTBID? 4.15. How are new share releases and priced by FOOTBID?
The initial release of shares is subject to an 'IPO period' of 1 week (after the first day a athlete is available on the FOOTBID marketplace) being the respective player signalled with a next to his photo. During this period, the base price of the player will be fixed, not subject to changes, and a limit of 100 shares will be made available.
After the 'IPO period', additional releases are still available on the primary market until the maximum of 100 shares for the player is reached. These are priced in blocks of 20, with each additional block having a price premium of 20% over the previous.
The base prices are defined by the FOOTBID team considering the real-life market value of the player (e.g. provided by external experts such as Transfermarkt), the market value within the platform of players with similar value and performance and the personal specificities of the player (e.g. age, potential, etc.).
Nonetheless, please note that the rules for new share releasing and pricing may change at FOOTBID's discretion and may differ significantly in the future (e.g. share splits may be necessary to accommodate new users in the future).
4.16. Why is the best buy button disabled for a specific player? 4.16. Why is the best buy button disabled for a specific player?
The best buy button may often be disabled for several reasons. For instance, if you do not have enough funds to buy a share of a given player, you will be inhibited from doing so.
Another case where the best buy button may be disabled is if there is no supply in FOOTBID marketplace [FAQ 4.5]. This means that no one is currently interested on selling a share of that player, hence no best buy price can be calculated. In these cases, you may place a custom buy order and wait for a matching sell order.
You may check the reason for the inability to use the buy button by reading its tooltip.
4.17. Why is the best sell button disabled for a specific player? 4.17. Why is the best sell button disabled for a specific player?
The best sell button may often be disabled for several reasons. For instance, if you do not own a share of a specific player, you will naturally be blocked to sell it.
Another cases where the best sell button may be disabled is if you do own shares of that player but they are all already consumed by custom sell orders or selected for leagues.
In the first case, you may go to the Orders module, ' Open' or ' Selling' section, and cancel your order [FAQ 5.5].
In the later case, you may go to the Leagues module, click on the league where your player's shares are being used and remove them through the league ' Team Selection' section, as long as they are not yet blocked for the current gameday [FAQ 6.17].
You may analyse the distribution of your shares through the tooltip on the green counter next to your player's photo and/or by checking the 'Share Distribution' chart on the respective 'Player Page', using the ' Investment Data' tab.
You may check the reason for the inability to use the buy button by reading its tooltip.
4.18. How do I know if I am buying or selling a share to the platform or another user? 4.18. How do I know if I am buying or selling a share to the platform or another user?
If you are using the best buy or sell buttons, you may check the tooltip and know if the best price execution is being supplied by other users or the FOOTBID platform. This information will only be displayed when these buttons are not disable and you may buy [FAQ 4.16] or sell [FAQ 4.17] a share using this option.
The custom orders are, by nature, only matched on the secondary market [FAQ 4.19]. Therefore, by default, you may assume that is the case. Nonetheless, if no supply or demand is provided by other users, FOOTBID may suggest purchasing or selling shares on the secondary market with explicit buttons for it within the custom orders form.
4.19. Can I reverse a transaction? 4.19. Can I reverse a transaction?
No. Once executed a transactions can never be reversed as the ownership of shares has permanently switched from seller to buyer and the respective funds have already been debited to the buyer and credited to the seller.
Despite the extensive testing to the platform operational issues may occur punctually. As such, if there has been an error that led to an unintended processing of your order please send a detailed report to [email protected].
4.20. Can I shortlist a player? 4.20. Can I shortlist a player?
Yes. To add or remove a player to/from your shortlist, simply click on the icon, available in several pages throughout the platform, next to the player's name.
A grey star means that the player is not listed and a yellow star means that the player is currently listed. You may check your shortlisted players on the ' Shortlist' section under the Market module.
4.21. Can I check detailed market data of a player? 4.21. Can I check detailed market data of a player?
Yes. To further analyse the market performance of a player in FOOTBID you just have to enter in the 'Player Page', by clicking on his name or photo, and use the ' Market Data' tab.
In that view you'll be able to set your time period [FAQ 8.4] and analyse the evolution of the player share value, transaction volume and order prices, spreads, volume and gap between supply and demand.
4.22. Can I check the supply and demand of a player? 4.22. Can I check the supply and demand of a player?
Yes. You are able to see the open orders placed by other users in several screens, with a highlight to the column 'Value' of the Market related views. This indicator will inform you about the number of shares of a specific player being bought () or sold () by others at any given moment.
You may also use the order charts presented on the ' Market Data' tab of the 'Player Page' in order to understand the evolution of the supply and demand for a player's shares.
5.1. What is the purpose of Orders? 5.1. What is the purpose of Orders?
5.2. What is the difference between the various sections in Orders? 5.2. What is the difference between the various sections in Orders?
The sections in the Orders module depend on the order status [FAQ 5.3] and nature (i.e. buying or selling):
- Open: displays all orders (i.e. buying or selling) which are still active;
- Buying: displays only buying orders which are still active;
- Selling: displays only selling orders which are still active;
- Closed: displays all orders which are not active anymore.
5.3. Which status may an order assume? 5.3. Which status may an order assume?
An order may be 'open' or 'closed'.
An 'open' order is an order that has not yet reached its deadline, still has pending quantities to be fulfilled and was not cancelled by you. These orders can be checked under the ' Open', ' Buying' or ' Selling' sections.
A 'closed' order is an order that has either been totally fulfilled, reached its deadline or was cancelled by you. These orders can be checked under the ' Closed' section.
5.4. Can I check which orders are currently active? 5.4. Can I check which orders are currently active?
Yes. Just use the ' Open' section of the Orders module or, if you'd prefer to check only the open buying or selling orders, use the ' Buying' and ' Selling' tabs respectively.
5.5. Can I cancel a specific order? 5.5. Can I cancel a specific order?
Yes. For cancelling a specific order just click the icon on its row or card and confirm your intention to delete that specific order after carefully reading the respective alert message.
If the order has already been partially fulfilled, cancelling it only means that the portion still pending will no longer be executed. All transactions already registered and their consequences will not be reversed [FAQ 4.19].
5.6. Can I edit a specific order? 5.6. Can I edit a specific order?
No. Order edition is currently not supported by the platform as preference was given to order traceability and transparency.
If you'd like to revise a specific order, simply cancel the active order in the ' Open', ' Buying' or ' Selling' sections of Orders module [FAQ 5.5] and then go back to the Market or 'Player Page' and place a new custom order on the targeted player.
5.7. Can I check what happened to the orders that were closed? 5.7. Can I check what happened to the orders that were closed?
Yes. You may find useful information on the ' Closed' section of the Orders module, which is sorted based on the actual order closing date. For each order, you can check which portion was fulfilled, what was the actual gross revenue or cost and even navigate to the respective transactions [FAQ 3.9].
An order may assume different closing status:
- Completed: if the order quantity was fully fulfilled;
- Cancelled: if the order was cancelled by you (regardless of if it was partially executed or not executed at all) [FAQ 5.5];
- Partial: if only part of the order quantity was fulfilled before the deadline;
- Expired: if no order quantity was fulfilled (i.e. no transaction occurred before the order deadline has arrived).
6.1. What is the purpose of Leagues? 6.1. What is the purpose of Leagues?
The Leagues module offers an innovative fantasy league dynamic where the users may play the player shares held on their portfolio against friends and other users and win additional coin prizes. It includes a very flexible league creation wizard, where the league managers may create out-of-the-box challenges and constraints.
6.2. How are the FOOTBID Leagues different from other fantasy leagues? 6.2. How are the FOOTBID Leagues different from other fantasy leagues?
The FOOTBID fantasy Leagues module offers several innovative features compared to other options available, namely including the 4 key differences presented below:
- Player availability and pricing is defined by the FOOTBID Marketplace, which replicates a financial market [FAQ 4.5], thus creating a more realistic scarcity on player acquisition and use on matchday;
- Users may apply different number of player shares in order to increase or decrease a specific player's weight in the overall team performance, hence allowing for much more granular strategies than on traditional fantasies [FAQ 6.19];
- Instead of a scoring approach based on a limited set of match metrics, the FOOTBID leagues consider the rating provided by experts [FAQ 8.2] as the ultimate notation on player performance, thus levelling the playing field for players of all positions;
- League creation in FOOTBID is available to all users who may customize their challenges, for instance, creating a league only for midfielders or with a 5-player team [FAQ 6.7].
6.3. What is the difference between the various sections in Leagues? 6.3. What is the difference between the various sections in Leagues?
The sections in the Leagues module depend on the league status and your participation:
- Subscribed: displays the leagues you have subscribed and have not yet been started or concluded;
- Finished: displays the leagues you have subscribed that have already finished or that were cancelled;
- All Leagues: displays all leagues in FOOTBID that are planned or already ongoing;
- New League: enables you to create new leagues, considering your personal preferences, namely in terms of constraints, entry fees, prize calculation mechanics, among other [FAQ 6.7].
6.4. How can I see information about one league? 6.4. How can I see information about one league?
You may see a specific league's general information through its card, available in the ' Subscribed', ' Finished' and ' All Leagues' tabs (depending on their current status). Besides the general data presented, you may also check the league's position constraints by clicking on the league banner.
For additional details, you may click on the league's name to access the following sections:
- League Info: includes all relevant aspects of the league, namely applicable competition, status, duration, fees, prizes, etc.;
- Standings: shows the current position of the several participants on the league, together with useful information on their performance [FAQ 6.12];
- Team Selection: allows you to select and manager your team for the league or check on other users' team selections for the upcoming or past matchdays [FAQ 6.13].
6.5. What is the difference between open and private leagues? 6.5. What is the difference between open and private leagues?
On one hand, 'open' leagues can be joined by anyone interested in participating, at any time, before the league start date. On the other hand, 'closed' leagues can only be joined if the league manager (i.e. creator) or any other user already participating shares a link directly with you [FAQ 6.8].
6.6. Can I join existing leagues? 6.6. Can I join existing leagues?
Yes. You may either use a link from a friend [FAQ 6.8] or go to the ' All Leagues' section and search for any 'open' league, namely by using its name on the search box.
To join an 'open' league, you may either press the 'Subscribe' button on the league card or enter the league (by clicking on its name) and press 'Subscribe' in any screen. Please note that you will not be able to join the league if you do not have sufficient funds for the entry fee.
6.7. Can I create a new league? 6.7. Can I create a new league?
Yes, you can! We want you to have full control of the conditions you play in, thus every user may create any number of new leagues he or she desires. You can have a 5-a-side league with your friends and an 11 men league with your co-workers running in parallel.
To create a new league, you should go to the Leagues menu and select the ' New League' tab. Once on the 'New League' section, there are a number of options available for you to select. We will go over each of these, below:
- Banner: The most visual element of your league, you should select a cool image that describes what your league is all about. This image is optional and, if blank, we will select a nice placeholder instead.
- Name: How will your league be remembered? Be creative, bold and respectful.
- Mode: You can either create a league that is 'open' to every one interested in playing, or you can select the 'closed' option and limit the league to whoever you share the link with, through the icon [FAQ 6.8].
- Description: Optional information on the league and the conditions in which it should be played.
- Start date: When will your league start? Don't forget to give enough time for your friends and other people to subscribe. Please note that for any leagues starting in the middle of a matchday (or less than 2 hours before the start of its first game), the following matchday will be considered as the first instead.
- End date: It should not be lower than 5 days after its start. Other than that, there aren't many rules. You can go for a week long league (with only one matchday) or you can go for the traditional season long fantasy.
- Competition: Here you should select the competition in which your league will be based in. For now, you can select the Portuguese "Primeira Liga", but keep a close eye on any FOOTBID news.
- Entrance fee: It should be greater than 0 and lower than your current coin balance. The entrance fee you choose, will be decisive for the prize pot (i.e. it will be the entrance fee multiplied by the number of subscribers of the league).
- Prize distribution: For now, there are three options: (i) winner takes all (or WTA), (ii) divided by the top 3 subscribers (with a 50% / 35% / 15% distribution) and (iii) divided by the top 5 subscribers (with a 40% / 30% / 15% / 10% / 5% distribution).
- Squad size: You can select a minimum of 5 players per league, up to a maximum of 11 players. Please note that, regardless of the squad size, you can always add more shares of a given player (when available) if you believe he will be a top performer.
- Minimum positions: Here, you have the option to constraint the positions of the players eligible for the league. The sum of the position constrained players cannot be greater than the selected squad size [FAQ 6.11].
Please note that, once created, you will be automatically subscribed in your league.
6.8. How can I share a league with my friends? 6.8. How can I share a league with my friends?
You can share a league with friends through the icon that is present on the leagues cards (Leagues menu) and on the individual page of each league (upper right hand-side). leagues can either be shared via Whatsapp or text message and, once sent to a friend, he can follow the link and subscribe to the league (after signing in or signing up to FOOTBID).
6.9. Can a league be cancelled? 6.9. Can a league be cancelled?
Yes. A league may be automatically cancelled due to the lack of minimum participants. For 'WTA (winner takes all)' leagues, at least 2 people should join before the start of the league, for 'Top 3' leagues there is a minimum of 3 participants, whilst for 'Top 5' leagues there is a minimum of 5 participants. In order to avoid your league being cancelled, make sure you give enough time for people to subscribe, before it starts.
6.10. Can I cancel my subscription in one league? 6.10. Can I cancel my subscription in one league?
No. Currently you cannot cancel your subscription in one league. Once you subscribe to the league, the only way to get your coins back is to either receive a prize once finished, or if the league is cancelled due to the lack of minimum participants.
6.11. How do league position constraints work? 6.11. How do league position constraints work?
When you create a new league, you may constraint the positions available for other users to add players.
Imagine you have an 11 players league, with the following constraints: 1 goalkeeper, 2 defenders, 2 midfielders and 2 attackers. Each user playing in your league should select players for these positions, with the remaining 4 positions being free for each user to decide which players to add.
Another example would be a 5 players league with a position constraint of 5 midfielders (i.e. an 'all midfielders' league). In this case, each user playing on the league would only be allowed to select Midfielders.
If no position constraints are selected by the league manager, you may choose whichever players you want up to the squad size total.
6.12. Which information can I find in the league standings? 6.12. Which information can I find in the league standings?
In each individual league page you can find a ‘ Standings’ tab, where all league participants are ranked from the top performer, downwards. In this table, you will find information on the participants (‘Name’ column), with links to their performance page, information on the total points (column ‘Points’) collected on all past matchday rounds, information on the average points (column ‘Average’) obtained in each round played (i.e. only the rounds you selected a team will count towards this average) and information on the matchday points (column ‘Matchday’) scored on the last round [FAQ 6.18], with the total number of shares rated. On the icon, you can check the teams used in past rounds or you can select your team for the present matchday (identified in green colour).
Additionally, on the ‘ Standings’ tab you can also select a user and a matchday round, on the dropdown close to the avatar, to check his or her performance and matchday points for the selected round.
6.13. Where can I select players to my team? 6.13. Where can I select players to my team?
Player selection shall be conducted using the ' Team Selection' tab of the target league. It will only be possible to change the team selection either for the ongoing matchday or for upcoming matchday, as applicable.
To add a new player to the team, simply press the green 'Add Player' button on top of the player's table, which will display all players you own. In that screen, simply press the green '' button, when available [FAQ 6.14]. Once the player is added to your team, you may also manage him, for instance adding more shares or selecting him as captain [FAQ 6.16].
6.14. Why can't I add some of the players to my team? 6.14. Why can't I add some of the players to my team?
There may be many reasons why you cannot add a player, being the most common one the fact that his team is already playing or has already played for the applicable matchday [FAQ 8.16].
Another common scenario is that, considering the league positional constraints, you do not have free spots left to add a player with the target player's position [FAQ 6.11]. In this case, depending on the league setup and timing, you may try to remove a player from the same position first and, then, add the target player to your selection.
It can also be the case that the player is eligible for selection but all of his shares you own are already subject to another use (e.g. used in other league or listed for sale [FAQ 4.17]).
To support you in understanding these limitations, you may refer to the icon/data that is displayed in the right end of the row (i.e. in the location of the green add button), as well as to its tooltip which details the constraint you are facing.
6.15. What information can I find in the team selection? 6.15. What information can I find in the team selection?
In the team selection, for each player, you will be able to find basic information about him, his match and date for the selected gameday, the shares used and captaincy and, if he has already played and been rated, both his rating and the points considering the applicable multipliers [FAQ 6.19].
You are also able to check if you are meeting the squad size and position requirements and navigate to the team selection of other users in your league or to other matchdays, using the dropdown boxes available. Next to the user avatar, you can always see the league points accumulated for the given matchday.
6.16. What changes can I make to my selected players? 6.16. What changes can I make to my selected players?
Once you have selected a player, and as long as the player is not yet blocked [FAQ 6.17], and other conditions are met [FAQ 6.18], you may do the following actions on a specific player:
- Add a share: as long as you have enough shares available, you may increment the number of shares of a player thus making is rating weight more than the others [FAQ 6.19];
- Select as captain: you may select a specific player as your captain for the round [FAQ 6.21];
- Remove a share: you may remove a player's share and reduce the player's rating weight in comparison with others, whilst making the removed share available for other leagues or sale [FAQ 4.17];
- Remove a player: if the player only has one share left and you remove it, the player will be automatically removed from your team selection for the upcoming or ongoing matchday.
6.17. Until when can I make changes to my team selection? 6.17. Until when can I make changes to my team selection?
You may add players and manage them on your league until their team's match for the current matchday has started, according to the calendar presented in FOOTBID and made available by our specialized providers [FAQ 8.2].
Once the player's team as started playing or has already played, the only change you can make is removing him as captain by selecting any other eligible player in your team to do so (i.e. a player whose team has not started playing or played yet).
6.18. Why can't I edit participation in my team for some of the players? 6.18. Why can't I edit participation in my team for some of the players?
There may be many reasons why you cannot add a player, being the most common one the fact that his team is already playing or has already played for the applicable matchday [FAQ 8.16].
Another common scenario is that you will not be able to 'Add a share' to a player in your team selection as you do not own them or because all other shares are already subject to another use (e.g. used in other league or listed for sale [FAQ 4.17]). In any case, you can always go to the Market!
6.19. How are league points calculated? 6.19. How are league points calculated?
The 'points' a attributed to a selected player [FAQ 6.13] on a given matchday will be based on his real-life rating, multiplied by the number of shares used, plus one if the player was selected as the team captain [FAQ 6.21].
For instance, a player who was selected with 3 shares for the applicable matchday, has a rating of 7.1 on his game and has been nominated team captain will represent 28.4 'points' for your team (7.1 x (3 + 1)). On the other hand, a player who was selected with 2 shares, has a rating of 5.6 and is not your captain will score 11.2 'points' for your team (5.6 x 2). Note that a selected player who does not play on the matchday will have a rating of 0.0, thus receiving 0 'points', regardless of the number shares used.
In order to compute your 'matchday points', all 'points' from your players are summed up and divided by the number of 'shares used' (representing the average of points you were able to win per share used). A very important factor for your this calculation is that a share for each 'player missing' (i.e. if you selected less players than the league's squad size) will be added to the number of 'shares used' [FAQ 6.22].
Your 'total points' displayed on ' Standings' [FAQ 6.12], will simply be the sum of your 'matchday points' since the beginning of the league!
For instance, consider the following scenario:
- The league demands a squad size of 5 players;
- You have selected 3 players (thus 2 'players missing'), who performed as follows;
- Player 1: 2 shares, 7.5 rating, captain - 22.5 'points';
- Player 2: 1 share, 8.1 rating - 8.1 'points';
- Player 3: 4 shares, did not play - 0.0 'points';
- You have a total of 9 'shares used' (7 'shares rated', 2 from 'players missing');
- You score a total of 30.6 'gross points';
- You score 3.4 'matchday points' (which are added to your 'total points').
You may check this information on any ' Team Selection', simply considering the 'points' calculated for each player in the rating column and by using the tooltip on the 'matchday score' tag, displayed in the bottom of the user's avatar, both in that screen and on ' Standings'.
6.20. How do league points evolve during the matchday? 6.20. How do league points evolve during the matchday?
League points are recalculated whenever FOOTBID receives new information about games already played and the respective players ratings [FAQ 8.2].
As players who have not yet played may still be managed (e.g. removed), these are not considered at all for interim point calculation, thus following the rule applied when a number of insufficient players is used [FAQ 6.22]. This means that all players who are not yet scored, as any empty spot left in your squad, will be temporarily scored with a rating of 0.0 and 1 share only.
With this approach, you may check yours and your opponents 'matchday points' accumulating and, most likely, rising throughout the weekend!
6.21. What is the benefit of selecting a captain? 6.21. What is the benefit of selecting a captain?
As described in the point calculation rules [FAQ 6.19], if you select a captain, one additional 'free' share will be considered.
Nonetheless, do note that if you place a significant bet on a specific player, making him your team captain and/or applying a significant number of shares, his weight will be significant for the matchday point calculation both in a scenario where he is the MVP and in a scenario where he plays poorly - or not at all!
Note: Before 8/6/2020, the captain armband would not result in an extra 'free' share but in doubling the number of shares played. As this initial approach resulted in an overpowered capitancy, the 'free' share model was introduced to effectively reward the users who skillfully select the better squad.
6.22. What happens if I do not have sufficient players? 6.22. What happens if I do not have sufficient players?
As described in the point calculation rules [FAQ 6.19], if you are missing one or more players for a specific round you will NOT make 0 points. Point calculation will consider each missing player to be a player with a rating of 0.00 and 1 share only, whilst keeping the players you did select valid and eligible to give you the points you need to win the league.
6.23. How long does it take for points to be calculated? 6.23. How long does it take for points to be calculated?
League points are updated every night, together with the update of the player's sporting stats and fixture data. Nevertheless, there may be the case that information takes longer to be made available by our specialized providers [FAQ 8.2].
In any case, no matchday will be concluded or league finished before all information is available, even if it takes longer than expected. If a game is not, nor will be, available, we will conduct a case-by-case analysis and attempt to implement the possible corrective measures.
6.24. When and how are league prizes distributed? 6.24. When and how are league prizes distributed?
Once all matchdays in the scope of a league calendar are finished (i.e. matchdays that start and finished within the league duration), and only if all scores are already available, the league will be finished and the final standings will be computed.
Then, the prizes will be distributed depending on the total prize pot accumulated, which considers the sum of all entry fees of the participants without any discounts, and the prize distribution methodology defined on league creation:
- WTA (Winner Takes All): the full prize pot will be given to the user that finishes on 1st place;
- Top 3: the users who finish on 1st to 3rd will be awarded, with a prize pot distribution of 50% / 35% / 15%, respectively;
- Top 5: the users who finish on 1st to 5th will be awarded, with a prize pot distribution of 40% / 30% / 15% / 10% / 5%, respectively.
7.1. What is the purpose of Network? 7.1. What is the purpose of Network?
The Network module lists all users in the FOOTBID platform and displays information on their investment activity, including with regards to general portfolio composition (coins vs. shares held), key players, open buy and sell orders, as well as performance in the platform [FAQ 7.6].
7.2. What is the difference between the various sections in Network? 7.2. What is the difference between the various sections in Network?
The sections in the Network module depend on the different users' relation with yourself:
- Friends: displays users added as friends;
- Friend Requests: displays pending friend requests from other users;
- World: displays all active users in FOOTBID.
7.4. Can I filter user information? 7.4. Can I filter user information?
Yes. On the user section of the list, you can filter users from a given country (click on the flag), skill (click on the level) or supported club (click on the team name, if present). You may also search a user by his or hers name by using the search bar.
7.5. Which information does the transfers' section of the users info include? 7.5. Which information does the transfers' section of the users info include?
On the list view, the transfers' section indicates how many transfers a given user has performed so far in FOOTBID, as well as their associated total volume, including both purchases and sales.
On the row below, this field also displays information on how many open buying and selling orders have been placed by that user and are still pending.
On the gallery view, the transfer and order information is omitted as priority was given to display other useful data such as user performance, portfolio and league results.
7.6. How is the overall user performance calculated? 7.6. How is the overall user performance calculated?
For simplicity, the main performance indicador in FOOTBID is the current value of all assets held by a given user [FAQ 2.11].
This indicator considers both coins available and current market value of the players in the portfolio and it is displayed on the respective user's row or card in the Network.
As an alternative measure for performance, focused instead on the returns obtained and expected in the platform, you may consider the sum of two key indicators available in the user's detail page: (i) 'total portfolio change' and (ii) 'overall profit or loss' in the platform.
(i) 'Total portfolio change' represents the difference between the current price of the shares held on the user's portfolio and the amount initially invested on them [FAQ 2.10]. This value may be negative if the shares have mostly lost value since your initial investment.
(ii) 'Overall profit or loss' represents how many FOOTBID coins a user effectively won or lost in the platform so far [FAQ 2.12]. These include, for instance, the sale of a player's share as well as dividends, pay-outs or performance prizes received as a reward for the user's investment performance.
7.7. Can I search for my friends? 7.7. Can I search for my friends?
Yes.You can find your friends by selecting the ' World' tab and searching () for your friends names.
After finding them, you can add them to your friends list, by clicking . Once they accept your request, you can easily check their performance on the ' Friends' tab.
7.8. Can I cancel an already sent friend request? 7.8. Can I cancel an already sent friend request?
Yes. You can cancel any friend request you have sent by clicking cancel invite option. Do not worry, you may invite the same friend later on if you want to.
7.9. How can I accept or reject a friend request? 7.9. How can I accept or reject a friend request?
Once a friend request is sent, you will be notified in your Dashboard, through the ' Hub' [FAQ 2.4].
You may see all of the pending friend requests from other users in ' Friend Requests'. To accept a pending request simply press and to reject press .
7.10. Is it possible to see a particular user's investment profile in detail? 7.10. Is it possible to see a particular user's investment profile in detail?
Maybe. It depends on the user's selected security model [FAQ 8.11] and your relationship as friends, if applicable.
If his security model is set as 'open', then is possible to see that user's portfolio details, investment history, league performance and other relevant information.
If his security model is set for 'friends', then you will only be able to see his details if you have him on your ' Friends' list.
If that user has a 'closed' security model, then you will not be able to see his details, only the high-level information displayed on the Network lists.
8.1. Can I analyse the sports performance of a player? 8.1. Can I analyse the sports performance of a player?
Yes. On the 'Player Page' you may select the ' Sports Performance' section which will display detailed stats about the player's performance during this season's official competitions [FAQ 8.3].
Besides his overall season stats and rating comparison with other players ('Season Data'), you can check the evolution of a player's performance throughout the selected competitions. Additionally, you may consult his detailed stats for a specific fixture ('Match Data') by clicking on the '' button in the respective fixture row ('Fixture List').
8.2. Where does the sports data come from and how often is it refreshed? 8.2. Where does the sports data come from and how often is it refreshed?
All player and club related data is purchased by FOOTBID to its suppliers, with a focus on API-Football (https://www.api-football.com).
This information includes the ratings calculated for the fantasy leagues. These are based on the statistics of each player compared to those of other players in the same league, taking into account their field positions.
Hence, the platform has no control over the speed of upload or correction of sports data, which usually will take around one to two days to be made available to FOOTBID.
8.3. Which competitions are included in the platform? 8.3. Which competitions are included in the platform?
At this moment, FOOTBID is exclusively showcasing players from the Portuguese League teams.
Nevertheless, all image and commercial rights belong to their legal holders and are not held or commercialized in any way by the platform. All relevant data is provided by our suppliers [FAQ 8.2].
Keep tuned in for more news in the near future!
8.4. Can I analyse distinct time periods? 8.4. Can I analyse distinct time periods?
Yes, in the Dashboard and Market related pages. Whenever you find the time period dropdown with a specific period (e.g. '1W') you may change it to another reference period that better suits your analysis and/or provide you with extra insight.
In the time period icon and list, the first char is a number and the second a letter, referring to the time interval. For instance, '3M' will mean that you will filter the latest 3 months ('M') up to the current moment.
Note that changing the time period may significantly change the data, charts and their colours [FAQ 8.6] as the starting point being considered for trend analysis is significantly different.
8.5. How can I understand the goal of a specific chart? 8.5. How can I understand the goal of a specific chart?
Every chart in FOOTBID includes a icon with a tooltip that briefly describes the purpose and data displayed. To check the tooltip just click the icon or stop your cursor above it for over 1 second.
8.6. What do different colours in charts mean? 8.6. What do different colours in charts mean?
It really depends on the purpose of the chart:
- Evolution and asset breakdown charts: yellow represents coins, green represents positions that are increasing in value (i.e. comparing the indicator at start date of the reference period [FAQ 8.4] and at the present time), red represents positions that are decreasing in value and grey usually represents other positions or complementary info;
- Order related charts: green represents buy orders, red represents sell orders and grey represents complementary info;
- Player distribution charts: colours do not have any specific meaning and are just used to differentiate different options (e.g. clubs or age intervals).
8.7. Which information can I see in list / gallery format? 8.7. Which information can I see in list / gallery format?
Throughout the FOOTBID platform, players and users can be viewed either in list format or in card format. To change this view setting click on (list) or on (cards) whenever available (i.e. Portfolio, Market and Network menus)
Please note that for mobile connections, in order to properly fit all screen sizes, the available option is the cards view.
8.8. On the navbar, what are those numbers and icons close to my name? 8.8. On the navbar, what are those numbers and icons close to my name?
The number on the right hand side of your name is your 'total value of your assets' [FAQ 2.11], which is composed by (i) 'coins available for investment' and (ii) 'portfolio value'.
The 'coins available for investment' represents your currently available cash balance, including any dividends or paybacks you have already received from your investments [FAQ 2.8].
The 'portfolio value' represents the current value of your investments in players. Please note that the current value of each player is calculated through their latest price on the Market [FAQ 4.12] and considers both the initial 'investment in player portfolio' [FAQ 2.9] and the 'portfolio value change' [FAQ 2.10].
The and icons represent any positive or negative changes on the value of your portfolio considering all of your ongoing investments.
The notification alert next to your avatar in the navbar appears whenever you still have unread notifications on your ' Hub'. The number displayed represents the number of unread notifications, considering only those which do not emerge from your actions [FAQ 2.5]. To quickly navigate to them, just click this notification alert!
8.9. What is the small badge next to my name? 8.9. What is the small badge next to my name?
The small badge next to your name (and, sometimes, in the corner of a user's avatar) represents yours or his skill level. There are currently 4 main skill levels: 'amateur', 'scout', 'semi-pro' and 'pro', each with 3 sub-levels.
In order to climb these levels, a user will have to perform either buying or selling transactions in the platform. Pssst, don't tell anyone, but there's actually a 5th skill level, exclusive for the most experienced users. Anyone who gets there, receives a prize from FOOTBID!
8.10. Can I edit my user profile? 8.10. Can I edit my user profile?
Yes. You can edit your profile by clicking your own avatar, on the upper right hand side of the screen and selecting ' Edit Profile'.
In here you can edit your email, first name, last name, birthdate, country of birth, favourite team, security model [FAQ 8.11], newsletter subscription and photo. You may also change your password by following the 'Change password' link.
Please note that in order to edit your information, your current password will be required to confirm the changes.
8.11. What is the security model? 8.11. What is the security model?
The security model, configurable through the ' Edit Profile' menu, is what determines who can see your portfolio details, investment history, league performance and other relevant information. It may assume one of the following values:
- Open: anyone will be able to see your details (default value);
- Friends: only your friends will be able to see your details;
- Closed: no one will be able to see your details, not even your friends.
Please note that, regardless of the selected security model, all users will still be able to see a limited number of information on your investments through the Network module, including rank, avatar, name, country, skill level, favourite team, total portfolio amount, number of players, key player investments, number of active buy / sell orders and overall performance.
8.12. Can I suspend my account? 8.12. Can I suspend my account?
Yes. You can temporarily suspend your account by following the 'Suspend account' link on the ' Edit Profile' menu. This action will not erase your personal data or progress but will block any new actions.
Once you're ready to come back, you can reactivate your account through the 'Reactivate my account' link, available on all pages of the platform.
8.13. Can I delete my account? 8.13. Can I delete my account?
Yes. You can delete your account by following the 'Delete account' link on the ' Edit Profile' menu. This action will erase your personal data and progress permanently, only storing anonymized historical data needed for the coherence of the FOOTBID platform (e.g. transaction history).
Please note that this action is permanent and you will not be able to reactivate your account afterwards. All of your personal data will be permanently deleted and FOOTBID will no longer recognize you.
8.14. Where can I report a bug or provide feedback on improvements? 8.14. Where can I report a bug or provide feedback on improvements?
You can report any bugs you identify through the 'Feedback' link on the footer section. You may also provide any feedback that will help us improve FOOTBID through the same link.
We sincerely appreciate all your feedback and will take it into consideration on future versions of FOOTBID!