Bohemia Bunny

Making A Bid For It

May 3rd, 2007 by lynnylchan under Paid Post

*Paid post*

And I mean that literally.

The site bid4prizes is a reverse auction site, where the lowest unique bid wins! So instead of ever-escalating numbers with lots of zeroes, you bid an odd little amount, like $52.36, and hope that all lower bids are duplicates.

The thing about auctions like these is that sometimes, someone walks away with a TV, or an iPod, having paid pennies for it. The lowest bid price is one cent, so there’s a statistical probability of that being the actual price. Of course, very popular items would have many bids for it, making the game harder to beat, at which point the reverse auction starts to look like a real auction with higher bid amounts just so they can be in non-duplicate territory. Remember, the word is ‘unique’, so bidding one dollar makes no sense if you’re one of thousands doing so.

Strangely enough, my modules bidding is in a similar vein, except that duplicate bids are fine. And the ‘prize’ of winning a module bidding round isn’t as fun as a new car or computer could be.