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Show me your data!!

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273257.4 in reply to 273257.1
Date: 8/24/2015 7:36:00 PM
Overall Posts Rated:
14901490
That's kind of a masochistic exercise: basically I should lower my price to see if the attendance increases more or less proportionally (or vice versa). To me the math is simple: courtside and boxes can always be filled and are super reliable (i.e. they won't move much with losses). Between the other 2 brackets you can sit up to 20k people, that's where the issue is.

What you should do is try to estimate the curves for LT and bleachers. So take managers with a lvl 1 PR (or whatever level but keep it constant), how many LT seats can they fill from LT upwards (so LT+courtside+boxes) given a LT price and how many bleachers can they fill (again bleachers+LT+courtside+boxes) given a bleachers' price. Take only the data where LT and bleachers respectively do not sell out. Once you know how the curves are for each bracket at each league level, you should be able to calculate the optimal split between them.

I'm not convinced that lowering prices always results in a more than proportional increase in seats sold (if that's the case then you should build 10k Lower Tier provided that the price to sell that many is above $20 and you should always try to price at the level just about selling out).

This Post:
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273257.6 in reply to 273257.5
Date: 8/24/2015 8:00:58 PM
Overall Posts Rated:
14901490
Makes sense.

For the record I'm at 12.6k/5.3k so this kind of discussion interests me very much :)

Last edited by Lemonshine at 8/24/2015 8:01:13 PM

This Post:
22
273257.9 in reply to 273257.1
Date: 8/25/2015 12:20:46 AM
Overall Posts Rated:
596596
Starting with Luxury box-
I would like people to show hard data supporting the widespread myth that less seats earn more money. 29x1200 vs. 49x 850 is an example I gave, showing more seats worth more (about 25% more)

I am interested in anyone showing data that proves otherwise.

Applied to any bucket. Show me less seats selling for more amongst teams playing under the same league, rank etc. conditions.

I believe, strongly, that more seats, up to the natural cap, always earn more.

As a side note, might be interesting to see where people believe the cap for lower tier is for max earning. IMO its around 3k, but I have seen a lot of convincing arguments for 8k or even more.


Here's a look at the history of my Luxury Box Revenue versus Total Luxury Boxes, % Full, and Ticket Price.
I have the last three on the left axis all indexed with 100% as their max, which lets them all live on the same chart.
I also denoted which league I was in at which time.

As you can see, I've been keeping the red line close to 100% most of the time, and it's been interesting how my price has been within 60%-80% of the Max ($800) ever since I got into DIV. Clearly, you can see the trend in overall revenue is upwards, with the reason being the purchase of more luxury boxes. I've never really been close to hitting the bottom limit on price, so I always had room to lower my prices and add more revenue if there were empty seats.




Last edited by Iguanadon Joe at 8/25/2015 12:26:18 AM

This Post:
00
273257.11 in reply to 273257.7
Date: 8/25/2015 8:42:53 AM
Overall Posts Rated:
14901490
the way I see it 1 luxury = 22-23 LT seats. I'm fairly positive I can sell many more LTs at 40 bucks, which means I will make over 800 for a week while I'm not sure i can sell extra seats in luxury at the same price. Even if I knew I could sell nex luxury boxesat 800 the thing I found with luxury is that it's true they are super reliable, but the flipside is that if you get the price wrong even a little you miss out every single week until the next pricing update. Also 1 luxury unsold = to 22-23 unsold LTs by the same logic. I might finish luxury before the last pricing update so I'm set with the pricing at the beginning of next season. After this expansion (which I delayed because I needed to buy a starter) I should be 3rd in average gates anyways.