2 ms·
To be fair, penny auctions sites are neither gambling sites nor scams (unless proven otherwise). They are merely a variation of the Dollar auction http://en.wi
by kschua 16y ago
To be fair, penny auctions sites are neither gambling sites nor scams (unless proven otherwise).
They are merely a variation of the Dollar auction http://en.wikipedia.org/wiki/Dollar_auction http://en.wikipedia.org/wiki/Dollar_auction
They are not a gambling site because gambling implies that you depend on chance to win. Penny auction sites don't. If you put in one bid and that bid happens to be the last bid, you win. It isn't as if you put in a bid and hope to get randomly selected to win.
They are not a scam as they do tell you what they are doing and people who go in for it know that they pay per bid.
The only time they become a scam is when the site operator gets involved in the bidding. For example, if the site operator finds that the price is too low and put in a bid themselves to force the next closest bidder to up the ante.
Basically, penny auction sites sets people against each other and pick up the spoils. This is the only reason I hope they will all be gone.