I agree there is no skill involved, but it is not a contest of chance either. Assuming the house is not cheating and using shill accounts (which does happen, b

I agree there is no skill involved, but it is not a contest of chance either. Assuming the house is not cheating and using shill accounts (which does happen, but IS illegal) then the last person to continue bidding wins. So in that regard it is by definition not chance. You just continue to bid until no one else bids and then you win.