The Olympic Debt

Moneywise reports that approximately 1.8 million people have applied for an estimated 20 million London 2012 Olympics tickets, with many people possibly booking more tickets than they can afford.

The average ticket application apparently exceeds 10 per person and, with an average ticket price of between £50 and £200, Moneywise predict that applicants are set to receive bills of hundreds or even thousands of pounds in the next few weeks.

Given that reselling on the open market is illegal, the ticket applicants faced with more tickets than they need can either wait to sell them on next year through an official re-selling platform, or sell them to family and friends (not on the open market).

Maybe it would have been easier and less expensive for Olympics fans simply to watch the Olympics on TV from the comfort of their own homes?

Olympic Medals won during the Beijing 2008 Olympics

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