In July 2015, Government of Ontario declared Ticket Scalping legal as an attempt to regulate online ticketing industry. Similarly in the US, each state has its own ticket reselling law. Some of the states prohibit the reselling of tickets, while some of them regulate it to an extent by mandating a license to resell the tickets. Hence, it is up to the Governments to decide if ticket scalping should be banned, based on the extent of vulnerability and business urgency.
If it's happened to you, contact the airline or booking site straight away to see if you can get it amended (see How to Complain for help). Let them know it's a known fault others have reported too. Yet sadly you've few rights if the airline refuses to correct it, as it'd be difficult to prove it's their error, and it may charge you fees to amend or cancel.
Choose a strategy that suites you and your trading hours. Write it on paper and stick to it. With time you will perfect it but at the beginning this will help you be disciplined to stick to rules. Ensure that the trading strategy you adopt at the beginning of your scalping or spread betting career has a high probability and positive expectancy. Even if at the beginning this means more sitting on the side lines, well being more patient and taking fewer trades. If you trade in the evening you might end up trading only 3 to 4 times.
To see how ticket prices change as an event nears, we shopped for the best-priced tickets to two events on May 23: a Cincinnati Reds–Los Angeles Dodgers baseball game in Los Angeles and a Beyoncé concert in Minneapolis. For the ball game we started at the box office, then tracked ticket prices on the secondary market. For the concert we looked only on resale sites because the box office was sold out. We shopped for one seat, in the same general location, using seatgeek.com. Prices include all fees except for delivery.
If you wait until the last minute to book, airfare can be outrageously expensive. You might be able to save up to 60% by booking a Priceline Express Deal. You won't know the exact the flight times or carrier, but, if there are only a few available flights, you might be able to make an educated guess based on the travel windows Priceline provides before you book.
This is the hardest part in scalping but also applies to all styles of trading. Do not over trade. Many traders that start off and maybe never make it, is because they overtrade in the beginning and they start making a lot of little losses to soon find their account so low or in the red that they cannot be impartial in their trading. Therefore it is essential that from the beginning you take control of your trading urges. When you start off scalping you can also play it safe, that is, even if you miss a couple of trades do not feel you are missing out, but see it as market experience. You are currently learning. The market won’t go anywhere.
But by leaving money on the table, Springsteen and his ilk might be doing their fans an inadvertent disservice. Jared Smith, the president of Ticketmaster North America, told me that the artists who charge the least tend to see the most scalping. Springsteen and others have angrily denounced scalping at their shows, but their prices are guaranteeing the very existence of that secondary market, which has become ever more sophisticated over the years. Many scalpers now use computer programs to monopolize ticket buying when seats go on sale, which forces many fans to buy from resellers. One of the surest ways to eliminate scalping, Smith told me, is to charge a more accurate price in the first place.
What you need in order to score premium seats consistently is a systematic approach to purchasing tickets and the right infrastructure to get the job done. All this will come with enough experience combined with trial and error. There is no holy grail—just perseverance and know-how. The book mentioned above offers some excellent techniques and insights on pulling tickets that the average fan will probably not have thought of.
If you book a flight and realize it's not what you want after all, don't worry. If booked more than seven days ahead of departure, all flights out of the U.S. offer a 24-hour hold or cancellation policy. In plain English: You'll get all your money back if you change your mind on that trip to Zanzibar within 24 hours of booking. With this safety net, you can jump on the very best deals without fear, knowing that if plans crumble, you'll get your money back—at the very least.
United Airlines' MileagePlus: You can earn and spend points on flights with 28 airlines to and from more than 1,100 destinations, thanks to United's StarAlliace partnership. The huge route network, in and out of the U.S., is key here, and makes the complicated MileagePlus redemption plan worth it. Your best bet is to use the points calculator tool to work out how many points you need to get a free flight, and work backwards from there.
Airline credit cards generally lure you in with promises of free bags, but other credit cards offer this perk, too -- take five minutes and call your credit card company to see if this applies. Many companies also automatically offer travel insurance, which means you won’t need to buy that from the airline either. Just remember travel insurance isn’t “I decided to sleep in” insurance, and only applies in situations stipulated in the policy. So maybe read up on that.
The cheapest flights are often basic economy fares, especially on domestic carriers. They offer travelers the chance to skip out on things usually included in a traditional fare, like access to the overhead bins, the cost to carry on, seat assignments, and even printing your boarding pass at the airport; each of those counts as an add-on, and comes with a fee attached. Each airline has a very different system, so read the fine print (or our guide to basic economy before booking. Google Flights will let you know whether or not you flight is basic economy, but not until you're right about to book, so keep an eye out for the gray label when you get to the pricing page.
The Google-powered ITA Matrix lets you search for one-way, round trip, or multi-city flights and specify parameters like airline and routing. It's also great for searching with flexible terms, if, for example, you want to search for an entire month of fares. You don't book directly through the ITA Matrix; rather, you book directly with airlines once you've found a fare.
Nonstop flights, although convenient, are expensive. To save money, book a flight with at least one stop. Also, search for flight deals at airports close to your destination. Sometimes it's cheaper to fly into Oakland than San Francisco, say, or Newark instead of JFK. Of course, be sure to factor in any additional ground-transportation costs involved in reaching your final destination.
If it looks like the delay is going to cost you more than the airline is offering -- like if you had a non-refundable hotel reservation, or miss a private helicopter ride (look at you!) -- you’ve got 30 days to try and get as much money out of them as you can. But once you put a check into your bank account, you’ve essentially agreed to accept whatever you were offered.