Youve got to consider that the person who bought season tickets often times gives them away to family, friends, clients, etc or sells them.
People also lose things and forget things. A keychain might work better than a bracelet but its something to consider.
One aspect it would be good for would be for ease of getting to your seats - not having to show your tickets to ushers - and also for keeping people out of areas they shouldnt be in - ie. luxury box area - without asking for tickets to be shown on the way up.
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