SloppyOneXXVI Posted February 12, 2010 Share Posted February 12, 2010 OptionIt.com is a website where you can "reserve" future tickets to sporting events for face value. I bring this up because one of the "sponsored" teams is the Caps. You can reserve tickets to the Stanley Cup finals now, and don't have to pay unless the game is actually played. So, in theory, anyone could "option" Game 7 of the Stanley Cup finals, and if it's played at Verizon Center, you pay face value for the tickets. (which would be $180-250 for two upper level tickets.) Too good to be true? I heard about the site on 1500 AM while listening to the game last night, and japersrink.com (the popular caps blog) has a deal going with them too. So, what's the catch? Anyone know? Or should I sign up for my game 7 tickets now? Link to comment Share on other sites More sharing options...
Popeman38 Posted February 12, 2010 Share Posted February 12, 2010 OptionIt.com is a website where you can "reserve" future tickets to sporting events for face value. I bring this up because one of the "sponsored" teams is the Caps. You can reserve tickets to the Stanley Cup finals now, and don't have to pay unless the game is actually played. So, in theory, anyone could "option" Game 7 of the Stanley Cup finals, and if it's played at Verizon Center, you pay face value for the tickets. (which would be $180-250 for two upper level tickets.) Too good to be true? I heard about the site on 1500 AM while listening to the game last night, and japersrink.com (the popular caps blog) has a deal going with them too. So, what's the catch? Anyone know? Or should I sign up for my game 7 tickets now? Well, you pay the "option" price, starting at $90 and going WAY up as the post season progresses. Cheapest "option" price for home game 4 in SCF is $200. If you pay the option price, you reserve the right to pay face value for 1 ticket ($180-250). If you want 2 tix, you pay 2 options ($400 +face). So the seller is still making $200 profit per ticket. Ebay and StubHub make less profit for the most part. Link to comment Share on other sites More sharing options...
SloppyOneXXVI Posted February 12, 2010 Author Share Posted February 12, 2010 Okay, I did some digging (well, I actually decided to read the website) and here's what I found: You have to pay an "Option" price, to reserve the tickets. For example, game 7 of the Stanley Cup would be $164 to buy the "Option" plus the cost of the tickets. So instead of paying $220 for the tickets you're paying $384. Here's the FAQ on the website: What is an Option? An option is a contract giving you the right but not the obligation to buy a ticket at face value to a game or event taking place in the future. When you purchase an option, you are purchasing the ability to decide later (traditionally 1-2 weeks from the game) if you want the ticket(s) at face-value. If you choose to exercise your option and purchase the ticket(s), the amount you pay to exercise your option is in addition to your initial option purchase. For example, if you purchase an option for $10 to reserve the right to a $100 face-value ticket, you have three choices: 1) Exercise your option 2) Sell your option on the OptionIt Aftermarket 3) Let the option expire If you decide to exercise your option, you would pay the entire face-value ticket price of $100. In this scenario, the total amount paid throughout the process (option purchase + ticket purchase) would be $110 resulting in two charges on your credit card: one for the initial option purchase and one for the face-value ticket purchase (plus any transaction fees the team's primary ticketing provider charges). All options we sell are backed by official partnerships, so you can rest assured that your option is directly tied to an actual ticket. Because of these partnerships, we do not "over-sell" an event by issuing more options than available seats. In most cases, you'll know your exact seat location when you purchase your option. Why Buy an Option? Options allow you to lock-in the ability to buy without the pressure of having to buy. This Access without Obligation gives you peace of mind knowing that you can secure face-value access to an event because of OptionIt’s official partnerships with teams and events. Here are a few other benefits of buying an option: Flexibility: Avoid having to make impulsive decisions; by purchasing an option, you can Reserve now and Decide later by either exercising your option (and purchasing the ticket) or selling your option at OptionIt.com Convenience: Secure access to tickets before they physically exist (especially when you know the event will happen), such as the San Jose Sharks home opener in 2010, or the Baltimore Ravens vs. Pittsburgh Steelers game in 2011 Worry-Free Solution: Guarantee yourself a ticket at face-value without waiting in line, sleeping outside a box-office, or being forced to shop in the secondary market, where tickets often sell for many times over face value Link to comment Share on other sites More sharing options...
SloppyOneXXVI Posted February 12, 2010 Author Share Posted February 12, 2010 Well, you pay the "option" price, starting at $90 and going WAY up as the post season progresses. Cheapest "option" price for home game 4 in SCF is $200. If you pay the option price, you reserve the right to pay face value for 1 ticket ($180-250). If you want 2 tix, you pay 2 options ($400 +face). So the seller is still making $200 profit per ticket. Ebay and StubHub make less profit for the most part. In the "option" price it says (Total $ for ALL Seats), so I assume you only have to pay one option. Still, this deal doesn't seem so great the more I look over it.... Link to comment Share on other sites More sharing options...
Popeman38 Posted February 12, 2010 Share Posted February 12, 2010 In the "option" price it says (Total $ for ALL Seats), so I assume you only have to pay one option. Still, this deal doesn't seem so great the more I look over it.... I didn't see that it said 2 Mezzanine End seats, so for every 2 seats you pay the option price. My bad Link to comment Share on other sites More sharing options...
OU_skins Posted February 12, 2010 Share Posted February 12, 2010 When I first saw this site, I thought it was really cool. But its just too damn expensive. Who knows what a SCF ticket would be on craigslist or ebay with the Caps being the hot ticket in town? I would guess probably not as much as the option price + face. Link to comment Share on other sites More sharing options...
ceviker Posted February 12, 2010 Share Posted February 12, 2010 When I first saw this site, I thought it was really cool. But its just too damn expensive. Who knows what a SCF ticket would be on craigslist or ebay with the Caps being the hot ticket in town? I would guess probably not as much as the option price + face. Are you kidding me? If the Caps make the Cup Finals its going to be $500 for uppers at least. The city is starved for a championship. Link to comment Share on other sites More sharing options...
Popeman38 Posted February 12, 2010 Share Posted February 12, 2010 Are you kidding me? If the Caps make the Cup Finals its going to be $500 for uppers at least. The city is starved for a championship.A lot of people think this, but there will be deals to be had. No one will pay $500 for last row UL seats in this economy. I got tickets to Games 1 & 2 in both rounds last year, and I never payed more then $120/seat. I sat 5 rows from the ice for each Game 1s and in the UL for both Game 2s. You just have to know how to navigate the ticket BS. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.