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Posted: Sun Nov 20, 2011 7:28 pm
by wantalc
Has any on here ever got a madbid !! Bargain !! I have just had a look
On the site for the first time and I just don't get how it works ?
Posted: Sun Nov 20, 2011 8:12 pm
by local patios and driveway
Lowest bid that noone else has made wins. If you bid 1.04 and 0.01 to 1.03 has been bid by other people more than once, you win,!
Basically its a mugs game bit like fruit machines
Posted: Sun Nov 20, 2011 8:36 pm
by parishpaver
Sorry Local but it's not a "lowest unique bid" auction.
Its a pay per bid auction and the highest bid wins but as bids cost as little as 10p and as much as a quid each and only advance the winning price by 1p it is, like you say, no better than fruit machines.
Highly addictive and aimed at the most vulnerable in society.