What about reverse bid Auctions.

Acarr · 17th September 2006, 07:08 PM

I suppose this could be classed as gambling, but with clues.

Basically pick a prize and make a bid on it.

The lowest UNIQUE amount wins that item.

One free bid there, but if you pay to make several bids you get clues as to where the winning amount is.

I had a go at winning a Mercedes CLK but was about £20 out. Can be a bit addictive, especially when you have a winning bid and then you get an email telling you that your bid has been matched by someone else ( therefore no longer unique )

It's on a lottery site but this link should take you straight to page:-

http://www.e-lotbidder.com/redir.asp.../first_bid.asp

.

cuyber · 17th September 2006, 07:45 PM

Im sure you have seen bid up tv, well now there is a unique bid tv channel.

Scott · 24th September 2006, 02:54 PM

yeah I got a bit carried away with the Barcrest one recently.. ended up being like 5p out and the amount I was thinking I should have done won it in the end.. not too much heart ache mind you as if I had of gone with it it would not have been unique anyway.

a1056688 · 4th October 2006, 09:49 PM

I'm lost on this one.

I'm looking at the site now and it advertises a Sony Bravia TV with an RRP of £1899.00, Lowest Unique Bid Wins, Closing Date 06/10/2006. Bid Cost £1.50

So if I bid £1456.00 and that is the lowest unique bid (ie no one else bids it) then I win?

What happens if every possible value betwen £1 and £1899.00 are bid by more than one person and therefore aren't unique? Surely no one will bid over the RRP so what happens to the prize? If people have paid to enter the competition they must be legally obliged to give it away?

Can anyone explain?

Wuddle · 4th October 2006, 09:58 PM

I've always wondered why no one just bids upto £1000... They're virtually gauranteed to win as i've never heard of an auction of this type going over £1000.

I suspect there's a limit of how many times you can bid

Scott · 5th October 2006, 01:37 AM

You gonna bid every amount between £1-£1000 (in pence)?? Somehow me thinks not.

CitrusSR · 8th October 2006, 05:55 PM

Might get a bit pricey at £1.50 a bid

Scott · 8th October 2006, 08:01 PM

It would be guaranteed win but it would cost £150,000 to do.. suppose its ok if you just HAVE to have that £200 prize :P

CSatch · 10th October 2006, 09:35 PM

I saw an ad on the back of a weekend paper and it had examples of winning bids, one was a Mini Cooper S, that went for £72! Ive never bid myself but its incredible what people win.

17th September 2006, 07:08 PM	#1 (permalink)
Acarr Rank: Beginner Last Online: 17th September 2006 07:19 PM Join Date: Nov 2005 Location: Tyne and Wear Posts: 13	What about reverse bid Auctions. I suppose this could be classed as gambling, but with clues. Basically pick a prize and make a bid on it. The lowest UNIQUE amount wins that item. One free bid there, but if you pay to make several bids you get clues as to where the winning amount is. I had a go at winning a Mercedes CLK but was about £20 out. Can be a bit addictive, especially when you have a winning bid and then you get an email telling you that your bid has been matched by someone else ( therefore no longer unique ) It's on a lottery site but this link should take you straight to page:- http://www.e-lotbidder.com/redir.asp.../first_bid.asp . __________________
vChips: 330

17th September 2006, 07:45 PM	#2 (permalink)
cuyber Rank: Professional Last Online: 11th November 2008 04:50 PM Join Date: Aug 2005 Posts: 391	Im sure you have seen bid up tv, well now there is a unique bid tv channel. __________________
vChips: 2,025

24th September 2006, 02:54 PM	#3 (permalink)
Scott Rank: Newbie Last Online: 19th November 2008 08:34 PM Join Date: Sep 2002 Location: Leicester Posts: 1,058	yeah I got a bit carried away with the Barcrest one recently.. ended up being like 5p out and the amount I was thinking I should have done won it in the end.. not too much heart ache mind you as if I had of gone with it it would not have been unique anyway. __________________ Why has it come to this?
vChips: 17,545

4th October 2006, 09:49 PM	#4 (permalink)
a1056688 Rank: Untouchable Last Online: 24th August 2008 11:01 AM Join Date: Jan 2004 Location: Teesside Posts: 1,156	I'm lost on this one. I'm looking at the site now and it advertises a Sony Bravia TV with an RRP of £1899.00, Lowest Unique Bid Wins, Closing Date 06/10/2006. Bid Cost £1.50 So if I bid £1456.00 and that is the lowest unique bid (ie no one else bids it) then I win? What happens if every possible value betwen £1 and £1899.00 are bid by more than one person and therefore aren't unique? Surely no one will bid over the RRP so what happens to the prize? If people have paid to enter the competition they must be legally obliged to give it away? Can anyone explain? __________________ BSc, MOS, CCA(MPS 4.0), ITIL, ILM, MBCS
vChips: 5,881

4th October 2006, 09:58 PM	#5 (permalink)
Wuddle Rank: Professional Last Online: 18th October 2008 07:30 PM Join Date: Apr 2005 Location: Yorkshire Posts: 330	I've always wondered why no one just bids upto £1000... They're virtually gauranteed to win as i've never heard of an auction of this type going over £1000. I suspect there's a limit of how many times you can bid __________________ Right. What have you got? "Three pairs." What d'you mean three pairs? You're only allowed five cards! "Oh. Shit! Er, two pairs. Well, two and a half pairs." ========================================= "Right, let's get on with the game." What have you got? "Five kings."
vChips: 4,606

5th October 2006, 01:37 AM	#6 (permalink)
Scott Rank: Newbie Last Online: 19th November 2008 08:34 PM Join Date: Sep 2002 Location: Leicester Posts: 1,058	You gonna bid every amount between £1-£1000 (in pence)?? Somehow me thinks not. __________________ Why has it come to this?
vChips: 17,545

8th October 2006, 05:55 PM	#7 (permalink)
CitrusSR Rank: Untouchable Last Online: Today 09:18 AM Join Date: Aug 2006 Location: Swindon, England Posts: 1,202	Might get a bit pricey at £1.50 a bid __________________
vChips: 27,949

8th October 2006, 08:01 PM	#8 (permalink)
Scott Rank: Newbie Last Online: 19th November 2008 08:34 PM Join Date: Sep 2002 Location: Leicester Posts: 1,058	It would be guaranteed win but it would cost £150,000 to do.. suppose its ok if you just HAVE to have that £200 prize :P __________________ Why has it come to this?
vChips: 17,545

10th October 2006, 09:35 PM	#9 (permalink)
CSatch Rank: Beginner Last Online: 11th November 2008 03:42 PM Join Date: Oct 2006 Location: West Mids, England Posts: 20	I saw an ad on the back of a weekend paper and it had examples of winning bids, one was a Mini Cooper S, that went for £72! Ive never bid myself but its incredible what people win. __________________
vChips: 496

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