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2012 Olympics used a lottery system. There was an equal amount of moaning from those that didn’t get tickets.
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The problem with the lottery idea is that people who aren't really bothered and who register on a whim will have just as much chance as those who normally put in the effort for the sale. It's like the London marathon, you get keen runners applying and failing year on year, and someone who's never run before (and won't bother training and might not even turn up) ends up getting in.
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