Football Index: the Psychology behind the Ponzi scheme

  • 链接:https://www.youtube.com/watch?v=0BwjRrioCNg

Football Index was a betting firm that branded itself "the football stock market". In March 2021, it announced it was going into administration. It may go down as the biggest scandal in British betting history, losing its customers tens of millions of pounds in what has been labelled a potential Ponzi scheme. Having had some of my own money in there, I wanted to find out, how did it come to this?

Welcome to the most expensive YouTube video I will probably ever make. We're taking a deep dive into how Football Index managed to get such a strong foothold in the market, making insane profits for some customers before it all fell apart. All of this with the Gambling Commission's approval.

If you are personally affected by the Football Index scandal:

FI Group Action: https://twitter.com/fi_action

Samaritans: 116 123

Papyrus: 0800 068 4141

National Gambling Helpline: 0808 8020 133

Timestamps:
0:00​ Intro
1:30 The birth of Football Index
2:57 Play down risk, get more money
4:37 Create a social phenomenon
6:01 Create a sense of legitimacy
7:08 Promise wild returns
10:22 Discredit the criticism
12:33 Run off into the sunset
13:44 Conclusion

Who am I? 🙋‍♂️
I'm Francis, a Trainee Clinical Psychologist at Oxford University. I previously did psychology degrees at Cambridge (Undergrad) and UCL (Master's). I upload videos every few weeks about psychology, university life and occasionally self-improvement.
Feel free to have a browse of the channel🫶

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