Do ticket prices go down closer to game?

  • Posted on: 11 Jul 2024
    Do ticket prices go down closer to game?

  • As the game approaches, seats that are farther from the field and are not as desirable end up being cheaper than ones that are closer to the field.

    Tickets for sporting events, concerts, and other live performances cost different amounts closer to an event date due to supply and demand factors. Contrary to what people may believe, ticket prices near the event date can either rise or fall based on certain conditions.

    Increased Demand

    High ticket demand is typical for such events like playoffs or concerts with the most popular musicians and bands when the ticket price rises near the date of the performance. This means that the price of attending a certain event may increase when many fans who want a chance to attend decide to reduce the number of available tickets. Prices can also be hiked by teams and other ticket resellers because they foresee that the fans will be willing to pay more seeing that the tickets are scarce.

    Just like I had mentioned, in the same way that prices rise slightly before a Hollywood blockbuster comes out, it also rise right before an NFL playoff game or a NBA Finals matchup, even surpassing the initial pricing. They are the die-hard fans of the local team or the fans who are planning to travel to another city to support the team they favor and make a point of buying tickets irrespective of the fact that the ticket prices have increased.

    Decreased Demand

    In some cases, specifically with less popular teams, artists or weekday games, the opposite price pattern might be observed. Regular fans who went for tickets during the games’ early booking begin to come up with some form of conflict or a dwindling spirit as the day of the game comes near. This puts tickets back into circulation, thus increasing the raw supply of tickets.

    More tickets are generally returned by fans who bought them just to make use of their right to access certain events, and as a result, prices drop to create more demand. Other foes help detract fan interest and cheaper tickets nearer the match too. This is true for less popular opponents. Teams are willing to get some income from those seats rather than have them left unfilled.

    Promotions and Discounts

    Sports franchises and concert promoters, for example, will strategically reduce prices for tickets that are still available before a specific game or concert to increase ticket sales. This enables them to advertise the ticket specials that are appealing to the lazy fans who would prefer to postpone their purchases.

    Dynamic pricing algorithms have now allowed teams to easily set and cheapen prices based on demand. For those who plan to shop a few days before the event, there are often great price cuts off the original box office prices. Promoters also provided coupons codes and other incentives, like bonuses, when customers shop during events close to the show.

    Sellers Reduce Profits

    Secondary ticket sellers also track down the same prices in primary markets. Large-scale resellers such as StubHub have the capacity to absorb skinny profit margins so as to keep moving merchandise. This leads to a buyer-side market with intense platform competition where consumers can easily get some good deals on travel, for instance, on the seats from vividseats and game time.

    Finally, even against weaker rivals, it is difficult to increase the premiums on weeknights due to bad weather forecasts or other adverse conditions for games. It becomes their best strategy simply to sell tickets at prices lower than the face value in an effort to recover costs rather than see seats remain unoccupied altogether.

    Unknown Factors

    Of course, accurate ticket price direction near the event time has always remained rather challenging. This type of risk involves contingencies which are out of the control of any team, for instance injuries, changes in schedules, tours, or trades of players. These uncertainties imply that the actual prices at the time of purchase can significantly deviate from a previously expected pattern.

    Sometimes, the prices for popular tickets are even more proportional to the rankings, which tends to grow exponentially close to the event dates after the breaking news. For instance, if a popular team player announced his/her retirement ahead of the final home match, it would lead to more demand than usual and therefore cause extreme volatility. Such news poses a higher priority over normal primary and secondary ticket market factors.

    Finding the Best Deals

    While all these hold some impacts on ticket prices, the smart ticket buyer can always take advantage of all these while at the same time hedging against the unpredictable. Correctly searching for different sellers and constantly checking the listings as game and show dates near, give the best shot at the deals.

    It is also important to set up price notifications and activate price watch for the most important submissions to capture flashes of lower prices. BIN prices presented at StubHub, Tixbag, ViVidSeats, Ticketsmaster, and eBay with its auctions, as well as Gametime, are presented with clear current prices; however, the prices in auctions are constantly changing and worthy of tracking.

    However, getting glued to a product and waiting till the next planned purchase schedule leads down to merely days or hours before an event makes the most savings possible. Function motivates procrastination because the actual demand data is presented to buyers, enabling sellers to adjust their prices in the shortest possible time.