unclebuck

Fantastic way to buy quality goods at way below online or high street prices. You can bid for items only in pennies making it far easier to win an item for less.

For example:
Nintendo Wii - Retail Price: £219 sold for £4.16.
iPod Shuffle - Retail Price: £32 sold for £0.05.
Krups Coffee Machine - Retail Price: £100 sold for £0.79

Bread eaters - fill yer boots and get dipping!!

Jamo

iTrader: (23)

wheres the link so I can fill my boots with dipped bread?

front_bottom

Troll

unclebuck

There are several. Just do a google search. I use Madbid.

Just about to win a £100 Tesco Gift Card for £0.26!!!

Woo Hoo!!

Jamo

iTrader: (23)

I dont get it?

5 Bids £1.30 £6.50
10 Bids £1.25 £12.50
25 Bids £1.20 £30.00
50 Bids £1.10 £55.00
100 Bids £1.00 £100.00
200 Bids £0.92 £184.00
300 Bids £0.88 £264.00
400 Bids £0.82 £328.00
500 Bids £0.75 £375.00


explain it to me.

what would scooby do

each 1p bid costs you £1.50 !

DCI Gene Hunt

Great, so not the "deal" people are suggesting then?

unclebuck

You pay a fee to bid. Time it right and you only have to make a single bid.

and... bingo..

Should have my Christmas feast sorted for less than £2.00

There was a guy who won a brand new 12K Mini One for £6.83 recently.

Boot dippers paradise!!

what would scooby do

Nope and they are all currently under investigation by the gambling authorities..

Jye

These threads are the biz, especially for hungry yet thrifty shoppers!

My wick is fully dipped

Thank the lord and father Christmas for helpful threads

unclebuck

Not true. They are not classified as gambling - only as gaming, and you've got to be in it to win it.

The friend who introduced me got a Brand New MacBook the other day for just £3.18 You can't go wrong if you know how to play.

what would scooby do

BBC NEWS | Business | Penny web auctions under scrutiny

unclebuck

Professor Mark Griffiths of Nottingham Trent University believes the Gambling Commission "should look into this"

Hardly 'under investigation' then. Just one person's opinion Miss out at your peril. I'm cleaning up!!

David_Dickson

I dont get it....
£50 virgin wines card for 73p? thats a bargain for whoever won it, but 73 people payed £1 to bid, so the company makes £23 profit.

yet a £119 mountain bike sold for 87p - again a good deal for the winner, but the company have made a loss on it. (87 bids at £1 each so they loose £32)

Im guessing it all works out in their favour in the end?

boxst

That's shocking. So each bid costs over a £1 with only 1p increments. Every bid resets the timer.

So something that 'costs' £1000, has a bid of £50 ish at the moment, netting them £5000. Brilliant.

And when did UncleBuck turn into the PSLewis person?

Steve

Jye

You've got to be in to win boxst

PeteBrant

The only winners are the very very very lucky people that win the item, and of course the company that run it. By default 99.99% of people lose out. It looks a good idea on the surface, but dig a bit deeper and you'll see it not the bargain that its made out to be.

Especially seeing as lots of people run bots to bid for them, the likelyhood of winning is remote in the extreme.

DCI Gene Hunt

............ so if something looks "too good to be true..."

PeteBrant

It will have had far more than 87 bids on it.

PeteBrant

Precisely.

You only have to apply a bit of logic. A company selling Macbooks at £50 a pop would not be in business very long if they weren't making money on them.

If you can limit your self to one or two bids, then you won't lose out too much. But then you may as well go and put it on the lottery .

LG John

What have you personally won UB and how much have you spent bidding! Also, the mini sold for £6.83 made the company at most 683x£1.50 = £1024.50....well below the value of a new mini. How is this possible? Are the bigger items subsidized by overbidding on lower valued items? For example a £169 ipod just sold for £4.75 or £712.50.

I'm also failing to see where the 'skill' in this lies? Clearly you don't want to just big like a mad man but ultimately you are relying on timing your bid when others appear to have lost interest and hoping you can make it through the countdown period to win. The problem is that if someone else is adopting the same strategy then you are just going to bid away at each other hoping the other makes a mistake, runs out of money or gets bored and even then there is probably someone else waiting in the wings to jump in.

Finally, why did you advertise this on SN if you are doing well from it. This is absolutely the sort of site where the less people that know the better. Now you'll have all of scoobynet bidding against you pushing the price higher, causing you to have to make more bids and causing the timer to continually reset.

^^^^This is how I see it from a quick scan of the site. Have I missed something fundamental to the way the auctions work or what?

LG John

How so? My understanding is that each new big puts the price up by 1p? 87p bids is 87 increments of 1p

Gordo

this is clearly gambling for the poor and stupid. ho hum

PeteBrant

Sorry, what I means by that is that it would have had far more the 87 bids "worth" on it - I.e. more than £87.

David_Dickson

Sorry chief, I dont understand? the way i see it, start price is zero and every bid increases the price by 1p, so it it ends at 87p, its had 87 bids? I dont see any other way round that, so assuming £1 per bid (although saxoboy is right to point out that text-bidding is slightly dearer) they make £87.

If im reading that right, then yes, they are making quite large losses on some products, but are making a killing on other things - mainly the cash and gift voucher deals....As I said, it obviously ends up in their favour although tey have little control over final prices (if its all 100% honest)


The system isnt a scam, its just clever marketing to get people swept up in the excitement.

Scoobychick

iTrader: (1)

My thoughts exactly, so I looked into it, did some sums and concluded that I couldn't be bothered with it all

Still, they're a nice money spinner for the site owners

PaulC72

You don't win anything for 1p it has to be min £1.01 surely so it is minor crap that is being spouted by the OP.

Next he will be selling the information on Ebay as a winning system just like all those other who have made thousands from the system, why would you want to tell anyone

Maybe he has shares?

unclebuck

Indeed. Stand on the sidelines and your bread will remain forever dry. Got my eye on a nice shiny flat screen plasma.

PeteBrant

Its only £1 per bid is you block buy 100 bids - i.e. pay £100 up front.

If you buy 10 bids, it's £1.30.

How many people do you reckon buy 100 bids?

unclebuck

lol - just spreading the love. In these hard economic times we all have to help each other.

As Gordon says we should not 'pass on the other side'.