User:Frenchman75/Busbookie

[BusBookie.com] is a website where students can start or join a "Demand" for a bus trip and if enough students join a certain demand, BusBookie will book the bus for the people who have joined the trip. Any student can start a demand for a bus trip to go pretty much anywhere a bus can go in a 3 hour radius. BusBookie is working hard to become a complete travel solution for college students. BusBookie Partnership is a Delaware-based company that owns the website BusBookie.com.

HISTORY
Started at the University of Delaware in June 2008, BusBookie founders sought out to solve the complex travel problems faced by University of Delaware students. They entered into the University of Delaware Business Plan Competition and won first place in April 2009. They opened the website for business in September 2009. To help with marketing, BusBookie started a "Team BusBookie! Marketing Competition" in which 11 joined that semester.

NAME
To solve the travel problems at UD, the founders formed a solution that closely matched the operations of a Bookie. A Bookie (or Bookmaker) is a person or organization that allows bets to be made with agreed upon odds. BusBookie.com is a system that mirrors this where the "odds" are the demand levels of a certain bus trip and the "bets" are the ticket prices of the tickets being purchased. However, unlike a Bookie, BusBookie.com sheds the advantage a Bookie has and places it into the hands of its customers by allowing the customer to return a ticket, or back-out of a bet. This would happen if a Demand did not reach the cut-off point.