Online auction shenanigans

Rangerscott · 08-29-2010, 08:52 PM

I was surfing youtube and BidsTick was one of the "promo" vids. Went to their site, then googled them. I've always wondered about these "cheap" winning auctions.

Here's a link that shows how they aren't losing any money, but making way more than retail.

http://cotradeco.com/posts/1780-swoo...ion-a-big-sham

Here's a vid of an "actual" winner. Ya, she makes it seem legit.

http://www.youtube.com/watch?v=ZjWC-XtCic8

derf · 08-29-2010, 09:53 PM

I tried it a while back, I did better than some others and called it quits early, lost 2 bids and won on the third, after that I just kinda gave up because I realised my chances of winning anything else were pretty out there

Avatard · 08-30-2010, 12:41 AM

This, like lotteries, are nothing more than a tax on people who are bad at math.

OneSickPsycho · 08-30-2010, 03:59 PM

I'm just pissed I didn't think of this first...

marko138 · 08-30-2010, 04:05 PM

Hey Farva, what's the name of that restaurant you like with all the shit on the walls?

OneSickPsycho · 08-30-2010, 04:07 PM

Quote:

Originally Posted by marko138

Hey Farva, what's the name of that restaurant you like with all the shit on the walls?

Trip · 08-30-2010, 04:07 PM

i bet they have fake bidders on that shit too

derf · 08-30-2010, 04:30 PM

Quote:

Originally Posted by Trip

i bet they have fake bidders on that shit too

That was my thought too. If you can spend lots of time to see the max bids on something you want there are deals to be had, along with a ton of luck. Really the only way to make out is to bid only when you reached the max amount people would be willing to bid.

Trip · 08-30-2010, 04:31 PM

Quote:

Originally Posted by derf

That was my thought too. If you can spend lots of time to see the max bids on something you want there are deals to be had, along with a ton of luck. Really the only way to make out is to bid only when you reached the max amount people would be willing to bid.

you are going to have some stubborn bastard that will keep bidding

Homeslice · 08-30-2010, 04:08 PM

Never heard of them.

08-29-2010, 08:52 PM	#1
Rangerscott Viff6N Mutated Warrior Join Date: Mar 2009 Location: Texas Moto: '01 Honda VFR 800 & '09 ER-6N Posts: 8,704	Online auction shenanigans I was surfing youtube and BidsTick was one of the "promo" vids. Went to their site, then googled them. I've always wondered about these "cheap" winning auctions. Here's a link that shows how they aren't losing any money, but making way more than retail. http://cotradeco.com/posts/1780-swoo...ion-a-big-sham Here's a vid of an "actual" winner. Ya, she makes it seem legit. http://www.youtube.com/watch?v=ZjWC-XtCic8

08-29-2010, 09:53 PM	#2
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	I tried it a while back, I did better than some others and called it quits early, lost 2 bids and won on the third, after that I just kinda gave up because I realised my chances of winning anything else were pretty out there __________________

08-30-2010, 12:41 AM	#3
Avatard Crotch Rocket Curmudgeon Join Date: Nov 2008 Location: Here to integrity Moto: Li'l red baby Ninja Posts: 7,482	This, like lotteries, are nothing more than a tax on people who are bad at math. __________________ Insert free thought here.

08-30-2010, 03:59 PM	#4
OneSickPsycho Ride Like an Asshole Join Date: Feb 2008 Moto: nothing... Posts: 11,254	I'm just pissed I didn't think of this first...

08-30-2010, 04:07 PM	#7
Trip Hold mah beer! Join Date: Feb 2008 Location: 80 Miles South of Moto Heaven Moto: 08 R1200GS Posts: 23,268	i bet they have fake bidders on that shit too

08-30-2010, 04:08 PM	#10
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	Never heard of them.