Any amount of money Sell Internet sites: The Online Lottery

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

Though it seems too good to be true, it’s very real. The bidding sites actually generate a lot more money than what they spend on the new items. This is because customers have to get the right to bid, on Quibids, a package of 100 bids may be worth $60, that is 60 cents per bid. So if you placed one bid and won the iPad at $20, you’ll actually spend $20.60 on the item.

No big deal right? Let’s crunch the numbers. First, let’s remember that unlike eBay, these sites do not need a certain end time on auctions, everytime a product is bid on, time is added to the clock. The auction ends when nobody posted a bid for say, 10 seconds. That basically ensures that everybody has exactly the same odds to win the item. On that note, let’s take the exemplory case of the iPad that went for $20. Starting the auction at $0, it took a 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. Obviously, แทงหวยออนไลน์888  you are able to increase your odds by bidding many times, 100 bids gets one to 1 chance out of 20 however you will then have spent $60 + $20 with a 5% chance to have the item. Meanwhile, the web site will receive 2,000 times 60 cents for the item no matter what, that is $1,200! Since the item costs them only $500 and the auction winner will still have to invest the last $20 bid about it, the web site is likely to make a staggering 144% profit! This really is true on every item, every day, with the minimal infrastructure that comes with an online business.

It is actually a mystery why such methods are legal because if you sum it down, all they are, are online lotteries. Bids are bets and your odds depend on the cash you spend. It is very important to the “customers” to realize that the dollar value of a product that is bet on doesn’t represent anything, it’s only a trick to attract more people and lead them to think that they will receive a good deal. The truth is, you are able to overlook the status of the “auction” and just think of it as a lottery which is why each ticket may be worth 60 cents. At the end of your day, you are able to either get lucky, disappear, or get caught in the loop and keep playing the odds. Like at casinos, you will find yourself losing a whole lot more than that which you are winning. My advice: check it out a couple of times, then visit your store and pay face value…

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