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Author Topic: MADBID.COM  (Read 3224 times)
gambleingaz
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« on: November 24, 2009, 10:53:07 PM »

After seeing a tv advert i (being the nosey type)thought i would check it out.I was just wondering if anybody off here has any experience or tips on how to go about.If you dont know its a penny auction site (all seems abit absurd to me) would appreciate any feed back....even if its  dont touch em....cheers and hello all GAZ
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Ironside
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« Reply #1 on: November 24, 2009, 10:55:53 PM »

After seeing a tv advert i (being the nosey type)thought i would check it out.I was just wondering if anybody off here has any experience or tips on how to go about.If you dont know its a penny auction site (all seems abit absurd to me) would appreciate any feed back....even if its  dont touch em....cheers and hello all GAZ

whats the 5 free bids about

i take it cost to make a bid even if you lose?
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GreekStein
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« Reply #2 on: November 24, 2009, 10:57:39 PM »

After seeing a tv advert i (being the nosey type)thought i would check it out.I was just wondering if anybody off here has any experience or tips on how to go about.If you dont know its a penny auction site (all seems abit absurd to me) would appreciate any feed back....even if its  dont touch em....cheers and hello all GAZ

from what my cousin told me, dont bother!
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gatso
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« Reply #3 on: November 24, 2009, 10:59:27 PM »

is this one of those places where you buy bids? abs ripoff if so
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gambleingaz
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« Reply #4 on: November 24, 2009, 11:03:03 PM »

good question sir,yes you have to buy bids ie it costs about £1 per bid.This is how they can afford to sell a 52inch tv for £30.i wont insult your inteligence but you have people bidding for hours on one product each bid costs £1.How much are these sites making i ask.Is there a knack to it or is it bingo in a different format?
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Ironside
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« Reply #5 on: November 24, 2009, 11:07:11 PM »

good question sir,yes you have to buy bids ie it costs about £1 per bid.This is how they can afford to sell a 52inch tv for £30.i wont insult your inteligence but you have people bidding for hours on one product each bid costs £1.How much are these sites making i ask.Is there a knack to it or is it bingo in a different format?

better off with a scratch card
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Ironside
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« Reply #6 on: November 24, 2009, 11:08:42 PM »

just work it out they sell something for £30 thats 6000 bids at a pound a piece
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Colchester Kev
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« Reply #7 on: November 24, 2009, 11:08:48 PM »

good question sir,yes you have to buy bids ie it costs about £1 per bid.This is how they can afford to sell a 52inch tv for £30.i wont insult your inteligence but you have people bidding for hours on one product each bid costs £1.How much are these sites making i ask.Is there a knack to it or is it bingo in a different format?

If bids are £1 each but each bid is a penny ... then 30 quid for a 52" plasma is bloody dear !
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Claw75
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« Reply #8 on: November 24, 2009, 11:10:51 PM »

is it like these things they do on the radio sometimes where you text in a bid to a premium rate number and lowest unique bid wins?
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« Reply #9 on: November 24, 2009, 11:12:07 PM »

is it like these things they do on the radio sometimes where you text in a bid to a premium rate number and lowest unique bid wins?

sounds like it

except they bypass the phone number and you open an account fund it and buy bids
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« Reply #10 on: November 24, 2009, 11:14:53 PM »

auctions go on for an indefinite length of time. even though you can see a countdown any bid placed in the last x minutes reopens the auction for another x minutes so you can't ninja bid at the last second. this is the trick and is how they make fortunes
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Ironside
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« Reply #11 on: November 24, 2009, 11:16:39 PM »

i am wrong its an auction just like ebay

each bid goes up a penny at a time

so you buy 10 bids and bid each time by a penny

each time it cost you £1 so something going for £30 only brings in £3k for the site
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Ironside
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« Reply #12 on: November 24, 2009, 11:22:35 PM »

lol they have over £8600 take on a £440 iphone

man the makers of this site are onto a winner
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« Reply #13 on: November 25, 2009, 12:20:57 PM »

lol they have over £8600 take on a £440 iphone

man the makers of this site are onto a winner

And running a lottery without a licence...
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Acidmouse
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« Reply #14 on: November 25, 2009, 12:43:48 PM »

this are all a scam, like bidup tv, where each telphone bid costs u £1.47 and however small the item you 'win' is the p&p is £8.
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