Futures Contracts – Markets in Everything

September 17, 2007
By

If you’re tired of ticket-scalpers snagging all the good seats (namely, all of them) to sporting events like the NCAA football championship game, the SuperBowl, MLB playoff games, etc., look no further than TicketReserve.com. (This is neither an endorsement of, or a recommendation to use TIcketReserve.com)

I’ve heard it advertised on the local radio as a means by which interested fans may buy forward contracts on hard-to-get tickets. It allows you to choose the team, and the event, so, say you’d like to get your hands on a ticket for the NCAA football championship game if and only if the LSU Tigers are playing for it.

Shell out $94 today, and if they make it, you have the option to buy a ticket at face value. I have no idea what face value is, and I’m not an odds-maker. I cannot speculate as to whether this is a fair price based on the odds that LSU plays for the championship, but at the very least, if they do, it seems like a much smaller markup than if you had to eBay the tickets, instead. Of course, in the event that LSU falls to #3 in the polls by the end of the season, you forfeit your reserve.

It’s an interesting idea, and it may (or may not) catch on. Such is the beauty of capitalism.

Comments are closed.