Penny Auctions" Facts & Fictions
Below is a series of informational writings, blogs and posts about this new and exhilarating
some call it the best thing that has happend since e-bay, some call it a scam. What ever the outcome, the facination with penny auctions is out of manage. Swoopbug.com is one of those fast rising internet penny auctions and swoopbug and only swoobug want you to get the whole story so you can make up your mind. We invite you to visit us for a free trial of our penny auctions but only after you have read the writings below.
Tips for live penny auctions
Uncategorized live penny auction, live penny auctions, penny auction, penny auctions.
Folks keep bidding, as the costs seem so low but since everybody has to pay to bid, the corporations ends up making a lot of money often many times the exact value of the product. Basically, the company and whoeverwins the sale are probably going to make out okay while each other bidder loses. It seems that, there are a number of such sites doing similar models, and the United Kingdom presidency is spotting that its pretty similar to betting and doubtless should be regulated as a gambling site.
Gambling hasnt got anything to do with an always random chance that your investment will not pay off. Like with 21, gambling can be in a very controlled environment. I believe the outline of the site definitely constitutes gambling what with the chance versus reward system and its definitely a 0 sum game.
The reasoning is that folks are paying money and may not get anything back for it which makes it similar to gambling. However , dependent on how these sites are run, its not as though the results are a genuine gamble its still about whoever bids the highest for a good, so it sort of feels like a stretch to call it gambling. It is a dumb move to get involved in any of these auctions in the 1st place, but that doesnt necessarily mean that they need to be regulated like gambling sites.
This is actually a patent-protected method of auctions that wasinvented in Israel around 8 years ago. It was quickly outed for being exactly that betting.
I usually agree with Michael, but in this example he is the one with his head in the sand. In any gambling endeavor, theres someone that wins. Nothingdifferent here.
In the final sense, this isnt different ; it is equivalent toliars poker and similar games - it is betting.
Bidding Tips All You Need to Know About Bidding Techniques at Auctions
If youre going to bid for something at penny auctions you should have a understanding of the basic techniques of bidding. There are a number of strategies utilised by bidders to maximise their success:
One of the most important techniques to take into an penny auctions.
the In this situation bid jumper wins.
it may be that the other bidders would have stopped bidding after $60 anyway, in which case the bid jumper wins the lot, but ends up paying $150 instead of $65.
Cutting the Bid
Bidding has a tendency to increase in regular increments unless the penny auctionseer determines otherwise. If the bidding has been proceeding from $1,000 to $1,100 to $1,200, and you need to bid $1,250 instead of $1,300, you can indicate this to the penny auctionseer by raising your arm and holding your hand horizontally at your neck, with the palm down. This tells him that you would like to chop the increment by half. You can also do this by calling out the amount that you want to bid, although you should not attempt to do this too frequently. .
Lighthouse Bidding
This is the term used when a bidder holds their paddle up leaves it there. This sends out a note to other bidders that they are serious about winning the lot, and will remain in the bidding for the long haul. This could have the effects of intimidating the other purchasers into dropping out of the bidding.
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by: stepypydco
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