College Football tickets leads to lesson in economics

Parent Cafe
1

<p>At UF they have a season football ticket lottery- students put their names into the lottery and if their number is picked, they pay something like $80 for season tickets.</p>

<p>Usually, most students who enter the lottery get tickets, but this year because of the NCAA championship, more and more students put in for it- and many students have no intention of attending games, they just want to sell their tickets on the black market. Students still have to go pick up their tickets, which makes it sort of inconvenient for those who really didn’t want them in the first place, and only intend to sell them. I also believe that there is some kind of sanction in place for students who do NOT pick up their tickets if they have season tickets.</p>

<p>Anyway, older son got the season pass and younger did not. Now oldest is telling youngest that the students are selling their entire passes to other students for upwards of $500. According to him, there are quite a few of these deals so my guess is there were an awful lot of students who bought into the lottery just to make a buck.</p>

<p>Son believes, and we believe, that it would be better to take a chance on the individual tickets sold right before a game. That right now time is working for them, but eventually it will be working against them. I actually would go out on a limb and buy the season pass if I though a better deal will never come along, just because it’s my youngest’s first year and there’s never been a more exciting time for UF sports. Are we missing the boat?</p>

<p>BTW, any gators out there with tickets, please PM me!!!</p>

2

<p>The price of the call will be dependent on Time Value, Intrinsic Value (Winning), and Hype. Winning the first game and winning big against a tough opponent will be the crucial factor in price determination. With 7 home games, the price seems reasonable.</p>

<p>IHO Winning a few games will have more of an impact than loosing a few games, IOW, You have more to gain than what you could loose. </p>

<p>Best belts I ever owned was the ones that my father gave me: Gators, taste like chicken.</p>

3

<p>That’s about $71 per ticket. But some of those games are worth more, some less than others. H & I went to three games last year, bought tickets from whoever we could scrounge them from, and never paid more than $50 a ticket. Of course we were in the sunshine seats…
I guess it’s not toooo bad of a deal. H still insists that if he waits 5 minutes past kickoff he’ll be able to get in on a song.</p>

4

<p>If you buy the tickets now, the games that are worth less, you would inturn try to sell those less desirable tickets, and thereby reducing your total costs, even though your average cost may go up. </p>

<p>Your quandry is whether those less desirable tickets, really less desirable? Who knows.</p>

5

<p>I’m thinking you won’t be able to give away Florida Atlantic. Other tickets that should be easily obtained are Western Kentucky and Troy. Auburn, Tennessee, and FSU will be CRAZY. As always, the Ga game will be impossible, although season passes do not include that one anyway.</p>