Q) What is the ‘Fantasy Cricket Stock Exchange (FCSE)’?
A) The ‘Fantasy Cricket Stock Exchange (FCSE)’ – MPL edition – is a pseudo stock market created for Fantasy Cricket. It is a new concept, born after playing Fantasy Football (NFL) and Fantasy Cricket (IPL).
Everyone registered to play in MPL 2013, is a stock. As part of the IPO, the value for each stock is the auction price for that player in the MPL 2013 auction.
Q) What about the ‘Fantastic Four’ for each team?
A) Each member of the ‘Fantastic Four’ of each team, was rated based on their performances in MPL 2012. The one with the highest points in MPL 2012, was allocated a stock price of $18. Subsequently other members of the ‘Fantastic Four’ were assigned $16, $14, and $12, based on their rank per the points they gathered in MPL 2012.
Q) How does the FCSE work?
A) Everyone registered for MPL 2013 – players, and those only registered for fantasy cricket alone, receive $60 to start with. He/she uses the money to purchase stocks and thus build a portfolio. At the end of the MPL, the player with a the highest valued portfolio is the winner. The portfolio is a combination of the stocks he/she owns and the cash balance in hand.
Q) How do I build a portfolio?
A) You build your portfolio by purchasing stocks at your FCSE page.
Everyone playing FCSE can buy one stock of any MPL player. There are no upper limits on the number of stocks you can own. The only limitation is enforced based on the amount of cash you have.
Additionally, there is no upper limit on the number of stocks of a given MPL player – everyone playing FCSE can own one stock of any given MPL player.
Q) When can I make changes to my portfolio?
A) The stock exchange will be closed for business during match times on match days. In other words, the stock exchange will be offline starting 5 PM on match days. It will remain offline until the scorecard for that match has been uploaded to the database.
You can thus make changes to your portfolio anytime, outside of the time-slot when a match is in progress.
Q) How do I make changes to my portfolio?
A) You logon to your FCSE page, and select/unselect a checkbox to buy/sell stocks.
Q) Is there a charge to make changes to my portfolio, as I buy and sell stocks?
A) Nope. The FCSE is the only trading floor, where you are not charged for any transactions.
Q) How do I know what my cash balance is?
A) Once you logon to your FCSE, your cash balance is reflected beside the text ‘Cash available:’.
Q) Can I trade stocks with other players?
A) Nope.
For now, the company ‘MPL’ owns all stocks. You can only buy stocks from, and sell stocks to, the company ‘MPL’.
Q) How does the stock market evaluate stocks?
A) The stock-price of a player is directly tied to his performance. The player’s stock-price entering a match and his performance in that match, will determine the re-evaluation of that player’s stock-price at the end of the match.
The exact formula that re-evaluates a given stock will not be disclosed. However, we will reveal that Priyank, at his (MPL 2013) IPO price of $24 is closer to being at par with where he finished (points wise) last year than Chirag, at his(MPL 2013) IPO price of $18. Similarly Anil, at his (MPL 2013) IPO price of $30 is well above-par, and perhaps a stock that you may want to not purchase, until the price is adjusted/corrected.
Q) How do I lose money?
A) If you owned a stock of a player who under-performed in a given match, your combined portfolio worth goes down as a result. You can either hold onto the stock if you believe in the stock recovering in the next match, or sell it for a loss.
Q) How do I earn money?
A) When a player, whose stock you own, performs more than his stock is worth, your combined portfolio worth grows. You make a profit by selling his stock. You can of course retain the stock, if you believe that the stock will appreciate further, in hopes of making an even greater profit.
Do you have what is takes to spot the under-rated and under-valued players?
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