tag:blogger.com,1999:blog-7390576188766780979.post4134411926982515428..comments2016-10-05T19:46:37.769-07:00Comments on Penny Auction Insider: Understanding Ended Auction PricesMalvoliohttp://www.blogger.com/profile/05213853476775717467noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7390576188766780979.post-71196361848660515022009-09-26T16:07:56.347-07:002009-09-26T16:07:56.347-07:00I BEG TO DIFFER WITH THE AUTHOR. Penny auctions, ...I BEG TO DIFFER WITH THE AUTHOR. Penny auctions, at least as run by Swoopo, are total gambling! PAID games of CHANCE = gambling/lottery. These penny auctions are just a loophole allowing temporary unregulated forms of gambling. By the time the loophole is caught and regulated by law, Swoopo.com will be lucrative enough to pay and play fairly/honestly (minus its winning limits and other things that, same as gambling, force the odds/stats in FAVOR OF THE HOUSE). But just like MANY individuals and corporations and politicians and anyone with wealth or power--almost always is gained through some form of public or self cheating/harm before can be done "honestly." Yes, for most people, the end justifies the means.<br /><br />Swoopo is there to win your bid fees. They set winning caps, etc., just like casinos. I have screenshots that show that the time from my clicking to BID to the time my bid registered range from instantaneous to 13 seconds' of delay! With this much time delay variability on bids being RECOGNIZED by the server, it is nigh impossible to win a bid without going dozens or hundreds of bids into it, dragging the whole bidding group with it. VARIABILITY of time delay = MAJOR, indisputable introduction of CHANCE into the system = if what Swoopo claims, that these delays are the *nature* of the internet, then penny auctions are gambling/lottery from the get-go.Unknownhttps://www.blogger.com/profile/00360556889492155381noreply@blogger.comtag:blogger.com,1999:blog-7390576188766780979.post-27155720832626998272009-09-26T15:57:29.976-07:002009-09-26T15:57:29.976-07:00I suspect Swoopo.com of using either software-prog...I suspect Swoopo.com of using either software-programmed bots or live people as bots for shill bids. It seemed the harder I tried to win an auction, the fiercer became my competition--the other bidders became the most stubborn and STUPID you could have seen people act, throwing away bids like they cost nothing. How is it that a MAJORITY percentage of the auctions *I* participated in had ending prices that gave Swoopo ridiculous profits, while all around me, auctions sold low? I also have screenshots of auctions closing on me before the timer is up.Unknownhttps://www.blogger.com/profile/00360556889492155381noreply@blogger.comtag:blogger.com,1999:blog-7390576188766780979.post-40047846834403046012009-09-14T12:53:50.195-07:002009-09-14T12:53:50.195-07:00unfortunately for penny auction sites the easiest ...unfortunately for penny auction sites the easiest way to prevent auctions from ending far too early as described above is to create a "save the day" shill bidder. Would be simple to program such a feature and difficult to detect. Could say bid as user name " " if price is <20% of retail and time = 0. However, the keen observer could detect such a shill.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7390576188766780979.post-87680946227757033202009-09-13T18:51:28.631-07:002009-09-13T18:51:28.631-07:00If you want to compare a penny auction to a lotter...If you want to compare a penny auction to a lottery, bidding in the beginning with only very few bids is somewhat similar to lottery. On the other hand with lottery you know exactly your chances of winning. With penny auction it all depends on your co-players. It's like a game theory.Penny auctionshttp://www.bidrodeo.comnoreply@blogger.com