It is not an auction but a gamble. When you buy bid points and then try to bid on something, every time you click you bid a penny right? Wrong! Your betting a penny.
Real auctions are if you lose the auction you lost nothing. Here when you lose, you lose everything you bid with.The more you bid the more you lose. It's like a slot machine throwing money in hoping to wind the jackpot. After buying $27 worth of bids I can't believe I clicked enough times to lose that much in pennies. Since I couldn't win because every time someone bids the countdown starts over again, I used up my bid points so I don't know if you actually win anything.