Re:Why Scalpers Can Get Olivia Rodrigo Tickets and You Can't
by kortilla on Saturday September 23, 2023 @08:38PM
(#37629028)
The scalpers can only charge what people buy it for though. So whatever the scalpers are paying are what the people are willing to pay on average. (This assumes there are any successful scalpers and it’s not just a continuously losing game)
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Re:Why Scalpers Can Get Olivia Rodrigo Tickets and You Can't
by pests on Saturday September 23, 2023 @09:10PM
(#37629224)
> can only charge what people buy it for though
This can't make sense. Then where is the profit for the scalper coming from?
Its also a bit untrue. Its true that yes, people _will_ pay it, but did they need to get that high? Scalpers are like auction bots - not always going to win, but will raise the prices for those who would have bought at an otherwise lower value.
Re:Why Scalpers Can Get Olivia Rodrigo Tickets and You Can't
by kortilla on Monday September 25, 2023 @12:34AM
(#37639705)
You do understand that scalpers are trying to make money right? That means whatever they pay the venue is less than what they can sell it for. So whatever scalpers pay is still clearly less than what people are actually willing to pay.