paceo

iTrader: (5)

seems a new bidding site seen on tv? advert looks a bit OTT anyone used it?

kiddie

It's been about a while mate, you get 10 bids free so have a look.

daviddunlop83

iTrader: (7)

I just signed up, its only 2 bids now.

I dunnp how many times it asked me to log in and then click on next page and need to log in again. Think ill stick with ebay

Chip

iTrader: (3)

Its a gambling site not an auction site.

you have to pay to bid, and then if you win you get to buy something stupidly cheaply, if you dont win, then you have paid to bid and got nothing for your money at all.

so while some people have "bought a mini cooper for Ł72.67" thousands of others have spent lots of money and got NOTHING for it.

buy a lottery ticket, far better idea!

daviddunlop83

iTrader: (7)

If you buy 10 bids for Ł10.49 that means they make basically a Ł1 for very penny you bid up, could waste the 10 bids (Ł10.49) very quickly and win nothing if you were to buy bids.

Chip

iTrader: (3)

Indeed, when a car "sells" for 300 quid, that actually means that 30,000 people have all paid 1 quid each to "bid" for the car and got nothing for their money.

Its gambling and NOT an auction, it amazes me so many people seem to struggle to see through it!

Those 30,000 people would be better off buying lottery tickets with their quid!


There is 10K worth of mini on there at the moment for 325 quid, which means so far they have collected 32,500 pounds for it

daviddunlop83

iTrader: (7)

Lol its people who think there 1p will be the winning one who keep going and get addicted and think its only another Ł1 this might be the winning bid. Chance are it wont be. Tho someone gets lucky i suppose, just would never be me so i wont be buying bids . As you say its a gamble weather you will win or not tho

CRAIG HAYTER

just had a go and its pish lol

Chip

iTrader: (3)

Some people spend hundreds of pounds "bidding" for a car only to get NOTHING for their money.


Here is that MINI I was on about:

http://uk.madbid.com/show/212303-New-MINI/

So far 32518 people have all paid a pound each (well some of them will have paid as much as 100 quid) and have NOTHING to show for the money they have spent.

rog

iTrader: (2)

As chip says, it's more like a raffle or similar to that "Best of the Best" supercar competition.
As the saying goes, if something sounds too good to be true, it usually is.

Chip

iTrader: (3)

So far they have earned nearly 300 quid against this 50 quid tesco voucher:

http://uk.madbid.com/show/262313--50-Tesco-Voucher/

orionmojo

iTrader: (1)

I've just opened the link chip put up for the mini. The Clock gets to 2 secs then resets to 55seconds, and Keeps doing it

when does it end then? a week, a month? probably when they've collected enough bids and enough money!. I've seen the adverts, but never been on there until now.

*edit*
just worked it out, someone always places a bid a penny higher, at about 2 or 3 seconds left.

i think i'm thick enough for the site to appeal to me

pullo

Totally agree buy a lottery ticket.

Chip

iTrader: (3)

@ OrionMojo

Psycho Warren

iTrader: (5)

thats the problem with gambling, people are too stupid/addicted to see the bigger picture!

too many people fail to understand the concept of only gambling what you can afford to loose. and the problem seems to be getting worse.

What is it with desperate people to make them think 'i know i will blow money on the horses, hopefully i will be lucky!' how stupid is that?

indycos

iTrader: (2)

whoops double posted

Chip

iTrader: (3)

They've now collected 33 grand against that "bargain" mini, and its still going.

Great idea, wish I had thought of it.

Any idea that relies on the punter to be stupid seems guarenteed to succeed

indycos

iTrader: (2)

its a website for people who are a bit dumb, and fall for anything.
doubt these "winners" even exist, and if they did they prob work for the company anyway

Chip

iTrader: (3)

On the contrary, Im sure that the winners do exist, and are genuine.

If I sold 50,000 quids worth of raffle tickets for a 10K mini, I would quite happily hand the prize over to the legitimate winner.

Not doing so would be immensely stupid, as it would undermine all the millions of pounds they have spent on TV advertising in one quick blast of bad publicity, for a site like that to work, people HAVE to beleive that if they do win, they will get their prize.

What I would suspect though, is that there may be a few automated bidders to keep the "auctions" running until they have made their "reserve price" which in the case of that mini needs to be 100 quid.

No one buying a mini for 100 quid is going to complain that they think they should have got it for 40 quid etc after all.

nilrem

the worst part is alot of their auctions are for their own bids... so in reality you will be paying more than just buying them from their own store...

jordan99940

Cheers guys when i did see this i was a bit sceptic over it i was so tempted to bid on a vaio laptop but thought no i will see what other peoples experiances are

thanks for all the help