Online Lottery Winning

What's a dollar auction? Well, which means as possible bid on items by 1 cent increments which can be obviously within anyone's budget. No wonder that Quibids, Beezid, and the likes, have gathered record levels of customers in a brief timeframe. The main reason because of this uprising might be that should you win together with your penny bid, you will end up saving about 90% on new retail items such as Apple iPads for $20 (retail is $500 and up), Samsung LED 55" flatscreen 3D TVs for $60 (retail is $2,000), etc...

Although it seems too good to be true, it's very real. The bidding sites actually generate much more money than what they invest in the new items. This is because customers have to purchase the best to bid, on Quibids, an offer of 100 bids may be worth $60, that's 60 cents per bid. If you placed one bid and won the iPad at $20, you'll actually spend $20.60 on the item. keluaran hk

No big deal right? Let's crunch the numbers. First, let's observe that unlike eBay, these sites do not need a definite end time on auctions, everytime something is bid on, time is added to the clock. The auction ends when nobody posted a bid for say, 10 seconds. That basically implies that everyone has the exact same odds to win the item. On that note, let's take the example of the iPad that went for $20. Starting the auction at $0, it took an overall total of 2,000 1 cent bids to have there. If you bid once, the probability to win this auction is basically 1 in 2,000. Needless to say, you can raise your odds by bidding repeatedly, 100 bids gets one to 1 chance out of 20 but you'll then have spent $60 + $20 with a 5% chance to get the item. Meanwhile, the web site will receive 2,000 times 60 cents for them no real matter what, that is $1,200! Since the item costs them only $500 and the auction winner will still have to spend the final $20 bid on it, the website can make a staggering 144% profit! That is true on every item, each day, with the minimal infrastructure that comes with an online business.

It is really a mystery why such methods are legal because in the event that you sum it down, all they are, are online lotteries. Bids are bets and your odds be determined by the amount of money you spend. It is essential for the "customers" to appreciate that the dollar value of an item that's bet on doesn't represent anything, it's just a trick to attract more folks and lead them to genuinely believe that they will receive a good deal. The truth is, you can forget about the status of the "auction" and just consider it as a lottery which is why each ticket is worth 60 cents. At the conclusion of the afternoon, you are able to either get lucky, leave, or get caught in the loop and keep playing the odds. Like at casinos, you will then find yourself losing far more than that which you are winning. My advice: try it a couple of times, then visit your store and pay face value...


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