Scalping

I wrote a bunch about scalping in the book. There is a great article in Wired Magazine this month about people who do it professionally with the help of the internet.

Here's the quote I found most useful:

At least 17 states have laws limiting the profit you can make from reselling tickets, but none apply if you live out of state. And they're rarely enforced, whether you're a national brokerage or, um, me. Meanwhile, Ticketmaster, StubHub, and others are lobbying to make the whole thing legal nationwide.

The author of the article started with $500 and turned a profit of $732 after 38 days using varying online systems and never selling on the street. Not bad, not bad.