Madbid?

Off-topic
1

right…basially i saw it on the box and thought ide snoop around abit…

within a few mins i got the gist…The setup is highly conveluted… you have to ‘buy’ bids (at about a pound a pop) then bid on a continuing counting down clock. Each time a new bid is made, the timer resets. If eventually you have made a bid (which increase by a penny at a time) that no-one else tops within the time limit (ranging from 1 to 3 minutes) you win, and can then claim your prise (which you have to pay for - the winning amount).

but…the thought of winning an iphone for £30. sounds too good to be true…is it?

smiled:).

2

It’s an absolute load of sh1t mate! Think how much you will really be spending on there when you pay for your bids, winner or not, over a length of time.

It’s like ebay, but you pay to bid! As for the prices, if it looks too good to be true, it usually is! :wink:

Not for me thanks chef! :stuck_out_tongue:

3

i thought you were talking about mad r id there for a minute :w00t:

4

i signed up and did the freebie bids a few months ago and didn’t like it much - could get very expensive :smiley:

haven’t looked at it since though :w00t:

5

Think you need to get a job Mate :wink:

6

ebay for people with no internet :stuck_out_tongue:

7

So you buy a one penny bid for a pound?

That means if the iphone got to £100 say, thats 10,000 bids and so the people running the site would take in £10,000 :w00t:

Sounds like theres only one winner on that one and it aint the punters.

8

yer I saw this you also have to pay the price on the wining bid. so you could spend £50 wining a £100 phone which was bid upto £99.

Also it is not like ebay once it gets to 0 it is whoever has the highest bid, if you bid even in the last 3 seconds it resets the clock to something like 15 minutes or an hour so these could literlly go on for weeks and weeks