Re:Woman makes $420k by buying insurance on flights she pred...
by jpollock on Monday June 15, 2020 @12:29PM
(#23529191)
Relevant information could have been a weather report.
If the pricing on insurance isn't dynamic, and gets within the weather window, you can use a 3-day prediction to place a high-likelihood bet that the flight will be cancelled.
Particularly if the insurance sticks with the ticket such that it can be moved if unused.
1. See a bad storm coming in.
2. Buy a fully refundable ticket for the day the storm is going to hit.
3. Buy insurance on that ticket.
4. Storm hits? Cash in.
5. Storm doesn't hit? Change the date on the ticket and the insurance moves with it.
If the pricing on insurance isn't dynamic, and gets within the weather window, you can use a 3-day prediction to place a high-likelihood bet that the flight will be cancelled.
Particularly if the insurance sticks with the ticket such that it can be moved if unused.
1. See a bad storm coming in.
2. Buy a fully refundable ticket for the day the storm is going to hit.
3. Buy insurance on that ticket.
4. Storm hits? Cash in.
5. Storm doesn't hit? Change the date on the ticket and the insurance moves with it.