Posts Tagged ‘penny’
April 27th, 2012 | 
Author: The Bad Stuff You Hear About Penny Auctions is Bologna! Win 90% Off Retail, Free Bids To Start!
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Tags: auction, bids, Brown, does, free, hows, is, Ms, penny, penny auction ripoff, penny auction scam, sugar, what, Work, zeekler | 
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Don’t Waste Your Money: Penny auctions
Viewers have been asking us about ‘penny auction’ websites that claim you can win new iPads, iPods, and gadgets for a dollar. Some say it is a great way to score a deal. So what happens if you sign up?
How to Win Swoopo Auctions
There are several “pay to bid” auction sites out there these days. What is the best way to score the items on those sites? Here’s a link describing the sort of auction going on at these sites and why it’s a loser for everyone involved but the company running the auction: en.wikipedia.org Also notice that the structure of wins/losses on these auctions are similar to that of a lottery, bingo, or a poker tournament: one person wins and everyone else loses. So why is the payoff so much less for the winner than in a lottery or bingo? Because the company is keeping all the extra money. The odds to win are no better than a lottery but the payoff is WAY less! The risk/reward here is so poor on these auctions you should think twice before participating.