Anyone used this before? Pretty cool. Buy options on tickets for future events. For example, you buy (2) options for NC State in a BCS Bowl. You pay the market rate for those options (currently $10 each). During the season, if NC State does well, the options will go up, and you can attempt to sell your options to others for a profit (or loss if NC State doesnt appear to have much of a shot). If you keep the options to the end of the season, and NC State DOES go to a BCS bowl, you will be charged the face value of the tickets for the event you are attending and you've got 2 tickets under the market value.

5/13/2006 6:41:53 PM

i saw this in another thread (not flaming, just identifying) and it did look like it could be a promising means of ticket-getting

http://www.theticketreserve.com for a link

5/13/2006 6:54:27 PM

that is a freaking awesome idea

Quote :

"If you keep the options to the end of the season, and NC State DOES go to a BCS bowl, you will be charged the face value of the tickets for the event you are attending and you've got 2 tickets under the market value. "

but who is guaranteeing you the tickets at face value? If i bought options for OSU in a BCS bowl, who guarantees delivery?

[Edited on May 13, 2006 at 9:39 PM. Reason : ?]

5/13/2006 9:38:28 PM

They have agreements with the the BCS bowls and the associated events for a number of tickets for these events. So, there are a limited number of contracts (tickets) to buy before they are all gone. The contract specifies that you will only pay the face value.

[Edited on May 13, 2006 at 9:45 PM. Reason : .]

5/13/2006 9:45:11 PM

what a great business model. get a contract with (eg) the Orange Bowl to buy 100 tix @ facevalue. Then sell options for those 100 tix for all 117 d-1 schools...

step 3: profit

5/13/2006 9:49:03 PM

I didn't check out the website.. But what happens to your money if your team didn't make whatever event you bought tickets for? Do you pay in full when you buy the contract or only if your team makes it?

5/13/2006 9:56:58 PM

^ i think you would be out the $10 but thats not a bad deal considering what you get if your team does go

5/13/2006 10:02:38 PM

^^ You pay for the 'right' to purchase tickets at face value when you buy the initial option. This is is the same thing in many ways as the futures market. The 'option' will fluctuate in value based on the desire of people to trade in the contract. For example, the NC State BCS option is $10 right now. Lets say we are 1 game away from winning the ACC Championship and going to the BCS. Those options will probably soar to 300-400 dollars. If you let the option mature, then you will be charged the face value of the tickets (lets say $100 a piece), and thats it. If you want, you can sell your options, an turn a $10 option into a 300 or 400 dollar profit. If NC State doesnt make it, your contract (option) expires worthless, but you pay no more.

^ Of course, the options vary in price depending on likelihood. Look at the options for Notre Dame, FSU, Miami, etc... Much more than $10. So if your highly ranked team doesnt make it, you could be out of a lot of money.

[Edited on May 13, 2006 at 10:09 PM. Reason : .]

5/13/2006 10:05:14 PM

so do you have to buy an option for a specific BCS bowl?

5/14/2006 11:08:33 AM

From what I understand it would just be whichever bowl your team makes it to. It couldn't really be specific b/c other than the NC the bowls select which teams they take according to a rotating "pecking order."

5/14/2006 11:27:12 AM

You have to look at the contract for specific details, but for the BCS games, you are buying an option to see NC State in ANY BCS game, not a specific one.

5/14/2006 11:46:25 AM

Quote :

"Trade Market Issuance Best Bid Best Offer Last Transaction ASU in 2007 BCS All-Access (End Zone) $25 $20 $25 $25 (x8) 25 Air Force in 2007 BCS All-Access (End Zone) $15 -- $15 -- Akron in 2007 BCS All-Access (End Zone) $10 -- $10 -- Alabama in 2007 BCS All-Access (End Zone) $50 $45 $50 $50 (x1) -- Arizona in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x2) 10 Arkansas State in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x1) 10 Arkansas in 2007 BCS All-Access (End Zone) $10 $5 $10 $10 (x8) -- Army in 2007 BCS All-Access (End Zone) $10 -- $10 -- Auburn in 2007 BCS All-Access (End Zone) $100 $55 $100 -- BYU in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x1) 10 Ball State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Baylor in 2007 BCS All-Access (End Zone) $10 -- $10 -- Boise State in 2007 BCS All-Access (End Zone) $17 -- $17 -- Boston College in 2007 BCS All-Access (End Zone) $25 -- $25 $25 (x2) -- Bowling Green in 2007 BCS All-Access (End Zone) $17 -- $17 -- Buffalo in 2007 BCS All-Access (End Zone) $10 -- $10 -- California in 2007 BCS All-Access (End Zone) $20 $12 $20 $20 (x2) -- Central Michigan in 2007 BCS All-Access (End Zone) $10 -- $10 -- Cincinnati in 2007 BCS All-Access (End Zone) $10 -- $10 -- Clemson in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x4) -- Colorado State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Colorado in 2007 BCS All-Access (End Zone) $10 $5 $10 -- Connecticut in 2007 BCS All-Access (End Zone) $10 -- $10 -- Duke in 2007 BCS All-Access (End Zone) $10 -- $10 -- East Carolina in 2007 BCS All-Access (End Zone) $10 -- $10 -- Eastern Michigan in 2007 BCS All-Access (End Zone) $10 -- $10 -- FIU in 2007 BCS All-Access (End Zone) $10 -- $10 -- FSU in 2007 BCS All-Access (End Zone) $50 $35 $50 $50 (x4) -- Florida Atlantic in 2007 BCS All-Access (End Zone) $10 -- $10 -- Florida in 2007 BCS All-Access (End Zone) $50 $45 $50 $50 (x2) -- Fresno State in 2007 BCS All-Access (End Zone) $20 $10 $20 -- Georgia Tech in 2007 BCS All-Access (End Zone) $20 -- $20 -- Georgia in 2007 BCS All-Access (End Zone) $75 -- $75 $75 (x2) 75 Hawaii in 2007 BCS All-Access (End Zone) $10 -- $10 -- Houston in 2007 BCS All-Access (End Zone) $10 -- $10 -- Idaho in 2007 BCS All-Access (End Zone) $10 -- $10 -- Illinois in 2007 BCS All-Access (End Zone) $10 -- $10 -- Indiana in 2007 BCS All-Access (End Zone) $10 -- $10 -- Iowa State in 2007 BCS All-Access (End Zone) $50 -- $50 -- Iowa in 2007 BCS All-Access (End Zone) $10 $5 $10 $10 (x4) -- Kansas State in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x2) 10 Kansas in 2007 BCS All-Access (End Zone) $10 -- $10 -- Kent State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Kentucky in 2007 BCS All-Access (End Zone) $10 -- $10 -- LSU in 2007 BCS All-Access (End Zone) $50 $38 $50 $50 (x2) 2 Louisiana Tech in 2007 BCS All-Access (End Zone) $10 -- $10 -- Louisville in 2007 BCS All-Access (End Zone) $25 $19 $25 $25 (x8) -- MTSU in 2007 BCS All-Access (End Zone) $10 -- $10 -- Marshall in 2007 BCS All-Access (End Zone) $10 -- $10 -- Maryland in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x4) -- Memphis in 2007 BCS All-Access (End Zone) $10 -- $10 -- Miami (Ohio) in 2007 BCS All-Access (End Zone) $10 -- $10 -- Miami in 2007 BCS All-Access (End Zone) $75 $65 $75 $75 (x4) -- Michigan State in 2007 BCS All-Access (End Zone) $15 -- $15 $15 (x2) -- Michigan in 2007 BCS All-Access (End Zone) $75 $65 $75 $75 (x3) 10 Minnesota in 2007 BCS All-Access (End Zone) $10 -- $10 -- Mississippi State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Missouri in 2007 BCS All-Access (End Zone) $10 -- $10 -- NC State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Navy in 2007 BCS All-Access (End Zone) $10 -- $10 -- Nebraska in 2007 BCS All-Access (End Zone) $10 $8 $10 $10 (x2) -- Nevada in 2007 BCS All-Access (End Zone) $10 -- $10 -- New Mexico State in 2007 BCS All-Access (End Zone) $10 -- $10 -- New Mexico in 2007 BCS All-Access (End Zone) $10 -- $10 -- Northern Illinois in 2007 BCS All-Access (End Zone) $10 -- $10 -- Northwestern in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x2) -- Notre Dame in 2007 BCS All-Access (End Zone) $125 $115 $125 $125 (x8) -- Ohio State in 2007 BCS All-Access (End Zone) $100 $85 $100 $100 (x1) -- Ohio in 2007 BCS All-Access (End Zone) $10 -- $10 -- Oklahoma State in 2007 BCS All-Access (End Zone) $15 -- $15 -- Oklahoma in 2007 BCS All-Access (End Zone) $50 $45 $50 $50 (x2) -- Ole Miss in 2007 BCS All-Access (End Zone) $10 -- $10 -- Oregon State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Oregon in 2007 BCS All-Access (End Zone) $50 $35 $50 $50 (x4) -- Penn State in 2007 BCS All-Access (End Zone) $75 $56 $75 $75 (x4) -- Pittsburgh in 2007 BCS All-Access (End Zone) $20 -- $20 -- Purdue in 2007 BCS All-Access (End Zone) $20 -- $20 -- Rice in 2007 BCS All-Access (End Zone) $10 -- $10 -- Rutgers in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x4) 10 SDSU in 2007 BCS All-Access (End Zone) $10 -- $10 -- SMU in 2007 BCS All-Access (End Zone) $10 -- $10 -- San Jose State in 2007 BCS All-Access (End Zone) $10 -- $10 -- South Carolina in 2007 BCS All-Access (End Zone) $10 -- $10 $10 (x8) -- South Florida in 2007 BCS All-Access (End Zone) $10 -- $10 -- Southern Miss in 2007 BCS All-Access (End Zone) $10 -- $10 -- Stanford in 2007 BCS All-Access (End Zone) $10 -- $10 -- Syracuse in 2007 BCS All-Access (End Zone) $15 -- $15 -- TCU in 2007 BCS All-Access (End Zone) $15 -- $15 $15 (x2) -- Temple in 2007 BCS All-Access (End Zone) $10 -- $10 -- Tennessee in 2007 BCS All-Access (End Zone) $25 -- $25 $25 (x2) -- Texas A&M in 2007 BCS All-Access (End Zone) $20 -- $20 $20 (x2) -- Texas Tech in 2007 BCS All-Access (End Zone) $15 $10 $15 $15 (x2) -- Texas in 2007 BCS All-Access (End Zone) $125 $120 $125 $125 (x2) -- Toledo in 2007 BCS All-Access (End Zone) $10 -- $10 -- Troy in 2007 BCS All-Access (End Zone) $10 -- $10 -- Tulane in 2007 BCS All-Access (End Zone) $10 -- $10 -- Tulsa in 2007 BCS All-Access (End Zone) $10 $8 $10 -- UAB in 2007 BCS All-Access (End Zone) $10 -- $10 -- UCF in 2007 BCS All-Access (End Zone) $15 -- $15 -- UCLA in 2007 BCS All-Access (End Zone) $15 $11 $15 $15 (x2) -- UL-Lafayette in 2007 BCS All-Access (End Zone) $10 -- $10 -- UL-Monroe in 2007 BCS All-Access (End Zone) $10 -- $10 -- UNC in 2007 BCS All-Access (End Zone) $10 -- $10 -- UNLV in 2007 BCS All-Access (End Zone) $10 -- $10 -- UNT in 2007 BCS All-Access (End Zone) $10 -- $10 -- USC in 2007 BCS All-Access (End Zone) $100 $80 $99 $99 (x3) 19 UTEP in 2007 BCS All-Access (End Zone) $10 -- $10 -- UVA in 2007 BCS All-Access (End Zone) $15 -- $15 -- Utah State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Utah in 2007 BCS All-Access (End Zone) $15 $5 $15 -- Vanderbilt in 2007 BCS All-Access (End Zone) $10 -- $10 -- Virginia Tech in 2007 BCS All-Access (End Zone) $100 $55 $100 $100 (x2) -- Wake Forest in 2007 BCS All-Access (End Zone) $10 -- $10 -- Washington State in 2007 BCS All-Access (End Zone) $10 -- $10 -- Washington in 2007 BCS All-Access (End Zone) $10 -- $10 -- West Virginia in 2007 BCS All-Access (End Zone) $75 $57 $75 $75 (x2) -- Western Michigan in 2007 BCS All-Access (End Zone) $10 -- $10 -- Wisconsin in 2007 BCS All-Access (End Zone) $20 -- $20 $20 (x4) -- Wyoming in 2007 BCS All-Access (End Zone) $15 -- $15 -- "

Tennessee seems undervalued. Wyoming @ $15?

[Edited on May 15, 2006 at 7:50 AM. Reason : tags]

5/15/2006 7:49:28 AM

I think ill just save my money for a bowl game IF we make it to one...that way I could scalp too if needed and not have to worry about all this stuff 8 months in advance.

5/15/2006 1:29:48 PM