Mad bid?

[Mr Speirs]

Yeah it's a scam. Basically what you bid you have to pay regardless of whether you are the highest bidder or not. If you are unsuccessful the amount you bid will be creditted for you to use on another auction.

Also when anyone bids the clock is reset and the full time of the auction is left to run for others to bid, essentially the auction is never ending.

[SoulKiss]

Originally Posted by Mr Speirs

Yeah it's a scam. Basically what you bid you have to pay regardless of whether you are the highest bidder or not. If you are unsuccessful the amount you bid will be creditted for you to use on another auction.

Also when anyone bids the clock is reset and the full time of the auction is left to run for others to bid, essentially the auction is never ending.

ITS NOT A SCAM

Its a beuatifully crafted way of parting people with cash, but its not a scam.

I am trying sooo hard to find the way in which it is dodgy but it isnt...

Its kind of like ebay, but with an admin-fee for each bid, and its down to people to decide how much they will pay ultimately, and how many bids they are willing to lose.

I really am in awe of this site...

[hindle8907]

If you know you want somthing and you buy quite a lot of bids you can endup geting a bargin its allbout how far you want to go .

[Mr Speirs]

Originally Posted by SoulKiss

ITS NOT A SCAM

Its a beuatifully crafted way of parting people with cash, but its not a scam.

I am trying sooo hard to find the way in which it is dodgy but it isnt...

Its kind of like ebay, but with an admin-fee for each bid, and its down to people to decide how much they will pay ultimately, and how many bids they are willing to lose.

I really am in awe of this site...

If a company is charging £1.50 for each 1p increment in a bid in which you are pretty much guaranteed not to win then in my book its a scam.

Its all fake I reckon anyway...I mean what idiot would be the first person to bid knowing it would cost £1.50 and have absolutely no chance of winning.

[hindle8907]

Originally Posted by hindle8907

If you know you want somthing and you buy quite a lot of bids you can endup geting a bargin its allbout how far you want to go .

^^^^

[SoulKiss]

Originally Posted by Mr Speirs

If a company is charging £1.50 for each 1p increment in a bid in which you are pretty much guaranteed not to win then in my book its a scam.

Its all fake I reckon anyway...I mean what idiot would be the first person to bid knowing it would cost £1.50 and have absolutely no chance of winning.

Why would you make it fake/scam - thats negative publicity, lawyers costs, court appearances and jail time - which are all hassle.

Looking at it closer, the average bid price is < 80p - if you sign up now you get 3 free bids, then if you pay for 15 more @ £14.99 you can get a further free 20 in dribs and drabs over the next week, just by logging in and hitting the collect free bids button.

There is so much money to be had off this legitimately that if I was running the site I would be so strict on making sure that every t was crossed and i was dotted.

Will I ever use it - no, not a chance - you would need signficant seed-bid capital to win anything, I think £250 worth of bids would get you some of the bigger items, but at a price where you would not be making that much of a saving - say £250 worth of bids on something that goes for £1000 that has an RRP of £1500, so your saving being worth the same as the risk.

Its no more illegal than the lottery and I believe you probably have more chance of winning on madbid.

[the_lone_wolf]

Perhaps the domain name "mad2bid.com" was taken???

i agree with soulkiss, it looks legit just one of the smartest and most profitable business models on the internet for a long time.

[hindle8907]

http://www.swoopo.co.uk/ has been around for donkeys. its just the same .

Originally Posted by hindle8907

http://www.swoopo.co.uk/ has been around for donkeys. its just the same .

looks much more promising, a lot less bids so more chance of winning on that one..