MADBID??? - HotUKDeals
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karagh Avatar
6y, 11m agoPosted 6 years, 11 months ago
Has anyone ever used madbid? Just had a look and they are selling £800 cash into your bank account + 260 bids for around £100. Sure sounsa too good to be true
Other Links From Madbid:
karagh Avatar
6y, 11m agoPosted 6 years, 11 months ago

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(6) Jump to unreadPost a comment
i'd like to know how this works too
how much is each bid?
Have a good read of this:

Then make your own mind up!
please dont bother!!!!!!!!!!
you never win anything
iv used them and a site called swoopoo
you just waste so much money,
When the bidding goes down the the last second and someone bids it goes back up to a minute or something again so you will never win anything xx
There is a train of thought that suggests that a lot of 'shill' bidding goes on. For instance when nobody bids items go for around 20p, but if you make a bid a 'robot' is programmed to outbid you so you get items going for £10+. is a classic example of how 'shill' bidding works. Have a look at some of the closed auctions and you will notice very irregular patterns of bidding!
Basically you pay for a bundle of bids, e.g. 10 bids might cost £10, 20 bids may be £19.50, etc. Each bid is timed (say 1min) and starts at £0. When you bid, it raises the price of the item by 1p, but this also resets the timer. If the timer reaches 0s then you win the item and have to pay whatever the final price is (£100 to be paid for £800 cash & 260 bids as noted in the OP).

Unfortunately, it's very hard to win anything because the timer is always reset. Even if you don't win, it still costs money as you've already had to buy bids. All a bit of a con really....

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