none. it's all a scam. sure, you might score an iPad for $50, but how much money did you blow on other items?
best penny auction site is an oxymoron (not technically, but you get the idea)
@carl669: You are right about it being a scam, but don't you pay for each bid that you use on those websites?
Like a $50 iPad could cost one person $50 plus the cost of bids, but cost the entire community that bid on it $1000 in the cost of bids...?
@sizzlestick: Exactly! Quibids charges $0.60 each bid... And you must buy 100 bids to even register.
I strongly advise against spending anything on penny-auction websites. It's not a scam but you have to be really good at timing. This year I got sucked into one of the top penny-auction websites (withholding the name) and I spent around $300-400, spent hours into the night looking for that perfect moment to bid and win but got nothing out of it. Lesson learnt and passing on the advice. Do what you want with your money but these are my two cents.
It's either a scam or it's gambling. I reported one of these to Texas Atty General a few years ago as an illegal gambling operation. Just like the lottery. Someone's going to win, just not you. Greg Abbot's office was not interested.
Penny Auctions are not scams...they are a form of adult entertainment. Some people play bingo or poker or slots or lottery tickets or even day trade in the stock market. Some people would argue that all forms of gambling are bad but in moderation they are just something to do for fun...they are an adrenaline rush. The same rules apply to alcohol and everything else in life...do all things in moderation.
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