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Bull Pen 1
01-10-2008, 01:25 PM
Check out this website for the rights to purchase Super Bowl Tickets for the Super Bowl next year. The rights to purchase tickets for the Texans are $50.00 each. Today is the first day to purchase, check it out quick, prices will go up.

ticketreserve.com

TexansLucky13
01-10-2008, 01:27 PM
This is a good investment.

Bull Pen 1
01-10-2008, 03:29 PM
This is availiable for all NFL teams and other sports also. The prices change as they are sold thoughout the year. Last year they started out at $25.00.

aj.
01-10-2008, 05:52 PM
It's not an investment, it's roulette, and the number of nooks on the wheel (and the price of the table/IPO) is proportional to the odds of your team reaching the Super Bowl. If your team doesn't make it, you lose your $50 bet. If your team makes it, you have the chance to realize a 15:1 to 20:1 return* whether you go to the game yourself or sell your 'forward.' At least that's the way I understand it.

* turning a $50 bet into a $750 - $1000 SB ticket.

http://www.ticketreserve.com/news.html?ugid=&contentId=700021268

Texans Pride
01-10-2008, 06:32 PM
It's not an investment, it's roulette, and the number of nooks on the wheel (and the price of the table/IPO) is proportional to the odds of your team reaching the Super Bowl. If your team doesn't make it, you lose your $50 bet. If your team makes it, you have the chance to realize a 15:1 to 20:1 return* whether you go to the game yourself or sell your 'forward.' At least that's the way I understand it.

* turning a $50 bet into a $750 - $1000 SB ticket.

http://www.ticketreserve.com/news.html?ugid=&contentId=700021268

aj are you saying that even thought you have the right to buy the ticket, you will still pay above what they sell them for?

aj.
01-10-2008, 07:50 PM
No. You pay 50 bucks (in this case) for a SB ticket - if the Texans make the Super Bowl. That's it. If they don't make it, you lose your $50. (that's the way I understand it)

I haven't looked at the prices but I would expect that as the odds for your team reaching the SB get better, the cost for the IPO/forward goes up. I doubt that forwards for teams like the Colts or NE are even available for much less than the face value of a SB ticket.

This kind of stuff is similar to game shows and casinos. The guys behind this use statistical modeling techniques so they know exactly the probability of win/fail with each team and they set these prices accordingly. They know what to offer and when - kind of like Deal or No Deal - based on probability of win/lose.

If you have an extra $50 that you can do without, it's not a bad bet but only if you really think your team can make some noise in the playoffs. Otherwise that $50 could buy about six or seven 6-packs of St. Arnold's Texas Wheat or Shiner Bock or a tank of gas. Your call.

TxDavid
01-10-2008, 08:42 PM
You're buying the right to purchase a ticket to the superbowl at Face-value. It does NOT include the price of the ticket (~$800). You lose the money if your team does not go. You can also sell the right once all the "FanForwards" are initially sold. You'll know this because it will have a different initial price than the current selling price.

Also - the higher the probablilty that the team will go to the Superbowl, the higher the initial starting price.

For instance:
Texans initial price was $50. Current price to buy is $50
Patriots initial price was $292. Current price to buy is $580.

This is because someone is offering to sell their "Fanforwards" for $580. The maximum amount of offerings has been sold, and the marketplace drives the price.

The reason the Texans price is still $50 is because there are still options to buy available from the initial offering.

It's basically like options trading in the stock market.

Speedy
01-10-2008, 10:50 PM
Sounds like a cool idea......well until the scalpers get a hold of it and then it's no different than how it is now.

aj.
01-11-2008, 05:19 AM
You're buying the right to purchase a ticket to the superbowl at Face-value. It does NOT include the price of the ticket (~$800). .

That's what I get for not reading about it. Then I would definitely put the $50 toward beer or a tank of gas.

disaacks3
01-11-2008, 11:21 AM
It's basically like options trading in the stock market.Yep, that's basically it. Except with options, you can always exercise them to get something of potential value. This is the worst properties of gambling AND options.

If I thought the Texans had > 5% chance of going next year, I might do it on a lark. Ask me again after next season. :texflag: