Bid4prizes.com-Lowest Unique Bid WINS!
By Kalkod on May 04, 2007 with Comments 1
Bid4prizes.com is a unique site that allows you to bid on cool products, but with a fun twist. The LOWEST UNIQUE bidder actually wins the auction!
It is common to see that the highest bidder wins an auction and this is the general rule running all over the world. But have you ever heard of an auction where lowest bidder wins the auction?
Amazing, is it not. Yes it is true with bid4prizes and this is the only place on earth where in lowest bidder wins! Following three easy steps: Enter your cell number, confirm you pin and start bidding! If you are the one who quotes the lowest price as defined in Official rules, you will walk with a prize and a vast smile on your face.
If ask me, I die to win the all new APPLE iPHONE for its beautiful outlook and useful options. Above all, there is a BMW 3 series car waiting for the lucky person to drive it.
The reasons are simple. Using the handsome phone sitting in side a world wide praised car is the dream of every one.
The service requires some Terms and conditions for approving you as a bidder. Study carefully them and play this unequalled game.
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Filed Under: Site of the Day • Weird News
Online gambling is illegal in the US and this is definitely what this or other “lowest unique bid auctions” variations are (even if not yet busted by the authorities).
To be considered online gambling, you need 3 criterias:
1) A consideration. Here you pay to bid. It is like purchasing a lottery ticket and you are most likely to get nothing in exchange but 1 chance out of N to win.
2) A game of chance, which will determine who the winner is. While some may argue that bidding requires some skills and determinism, many states actually don’t make any difference in their online gambling definition between skilled games and chance games. (Poker requires skills).
3) A Prize or the ability to win something of value. (or get nothing but wasting time and money).
This should be regulated as any other gambling business and not allowed to spread on greed and foolishness.
Many will pay to learn and eventually too much scam will kill this scam until a new variation or evolution of the scam comes around for new and fresh victims or short minded people.
Most scams are based on smart and sleek mechanisms. It does not make them right.
It reminds me of the guy that placed an ad in the news paper with:
How to become a millionaire?
Send 0.99 cents to receive the incredible secret. Success guaranteed or your money back.
I sent the 99 cents and received a letter saying: Just do like me!
By the way, the stock market could fit the definition but at least it is supposed to be regulated. You pay, You Play and most of the time you loose.