Professional sports

Good Data from Online Ticket Sales and Resales Help Reveal Ticket Resale Market

Michael Giberson Today, December 10, 2007, StubHub announced that the ten millionth ticket was recently exchanged through the site. The company said that the exchange involved a pair of tickets to next Sunday’s game between the Green Bay Packers-St. Louis Rams in St. Louis. In a pattern perhaps typical of many exchanges on StubHub, a …

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Nfl Wants to Support Secondary Market for Tickets, New England Patriots Want to Punish Ticket Resalers. Also Miley Cyrus Ticket Action.

Michael Giberson How many times do we have to say it? Online secondary ticket markets can be good for teams and fans. Fans can buy tickets earlier, knowing if they have a conflict, there is an easy way to recoup at least some of their price. Teams can therefore sell more tickets to fans earlier, …

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Zitzewitz Asks: Is Sports Betting Legal if You Bundle It with Furniture?

Michael Giberson At Midas Oracle, Eric Zitzewitz asks, “Is sports betting legal if you bundle it with furniture?” A furniture retailer in Boston offered furniture that would be free to customers purchasing a mattress, dining table, sofa, or bed between March 7 and April 16, if it turned out that the Red Sox won the …

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It is Easy to Create a Prediction Market at Inkling – See My New Women’s World Cup Prediction Market

Michael Giberson I just set up a market for predicting the winner of the Women’s World Cup 2007 tournament, which is kicking off in China this weekend and wrapping up on September 30. (Women’s football/soccer.) Took me about 45 or 50 minutes, start to finish. A lot of it was just cut-and-paste team names and …

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Stubhub Becomes Major League Baseball’s Official Online Ticket Resale Marketplace

Michael Giberson Major League Baseball has entered into a revenue-sharing agreement with StubHub, an online ticket resale marketplace now owned by eBay. Radio news program Marketplace had a brief story that was far too breezy in the introduction for my tastes: Scott Jagow: In pro sports, ticket scalping is — let’s face it — part …

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Still More on Secondary Ticket Markets: “Scalping Goes Upscale”

Michael Giberson If my post of last week didn’t sate your interest in economic commentary on secondary ticket markets, here is a much longer piece put out by the Arizona State University business school: “Scalping goes upscale: The secondary ticket market’s online revolution.” A sample: Software upgrades have taken much of the back-alley risk out …

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Online Secondary Ticket Markets Can Be Good for Teams and Fans

Michael Giberson The secondary market for tickets to sports events is hot. Once upon a time the market was a bunch of guys standing curbside waving tickets in the air. Or, depending on local antiscalping laws, making furtive eye contact and calling in a low voices. There were brokers, too, for the more upscale crowd. …

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