Last updated on: 08/06/2020
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].
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]).
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].
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.
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.
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.