Ticketreserve-Playing the Sporting Events Futures Market

If you are an avid sports fan like myself, you not only root for your favorite team to make it to the big game, you hope to be there in person to cheer them on to victory.  Unfortunately, getting tickets to most major sporting events is almost impossible for the average fan.  For example, one of the most popular sporting event in this country is the Super Bowl, but if your team makes is lucky enough to make it to the super bowl, your chances of getting are not good.  The Super Bowl is a major corporate events with most of the tickets going to major corporations who use it to entertain their major clients.  The National Football League,  allocates a small number of tickets to the teams participating, and  those tickets sold to season ticket holders are by lottery.  This leaves the most avid fans who have been cheering for their teams for years through thick and thin out of luck, when it comes to getting tickets to the big game.  They are left to deal with ticket brokers,  and scalpers, and having to shell out thousands of dollar if they want to go to the game.

Ticket Reserve addresses that problem by establishing a futures market for major sporting events and giving fans a chance to purchase the right to buy tickets to sporting events at face value.  The concept is based on the stock market, and most closely resembles the options market.  For example, if your team is the Chicago Bears, you could have bought a fan forward pass for the super bowl at the begining of the season last year for $18.  The fan forward pass is like an option, which gives you the right to buy a ticket to the Super Bowl at face value if the Bears make it to the Super Bowl.  The better your team does, the value of your fan forward pass.  The fan forward pass for the Bears went as high as over $2,000 last year.  You are free to sell your fan forward pass at any time in the open market, just like the stock market where a seller and buyer match a price.  Of course, if you sell your fan forward pass, you give up your right to buy a ticket if your team makes it to the game.  Ticket Reserve takes a commission each time you buy or sell a fan forward pass.  If you are holding a fan forward pass when your team is eliminated from going to the game,  your fan forward pass becomes worthless, and you lose the amount you paid for the pass.  So, like the option markets, it is all or nothing.

I’ve had some experience in the past few years, and it is a fairly efficient market.  It does work as advertised, and you do get the tickets if your team makes it to the big game, although the seat locations may not be the best. However, to the avid fan, just getting any tickets at face value worth the effort.  Ticket Reserve is a great way, and often the only way for the average fan to make it to the game, but this market is also a way for someone with good sports knowledge to take advantage of it, and use the Ticket Reserve markets to make a very good profit.  Based on my experiences with Ticket Reserve, I will be offering some trading strategies to make money on Ticket Reserve in a future post.