Thumbnail of user susanh8

Susan H.

Contributor Level

Total Points
97

1 Review by Susan

  • oohilove

6/13/10

This is a gambling site just like the other "bid auction" sites reviewed. You buy packages of "bids" which cost $. 99 each. Each bid you pay. 99 for is worth. 02 (two cents) when bidding for an item. You can sit for hours making individual bids or use electronic automatic bidding. You can not choose the maximum dollar amount you want to bid on an item. You can only stipulate the number of bids the automatic bidder will bid. It is not explained what happens when there are multiple automatic bidders in action. Whose bid goes first, second, last? The last one is the most important one! If you are not in the right que from the beginning you can't possibly win. Of course there are some winners otherwise it would be outright fraud. Legitimate gambling has known odds. "Bid auctions" have very long odds. For every dollar for an item ($. 02 X 50) the cost to the biders is $49.50 (50 X. 99), $10 = $495, $100 = $4950 and so on. If you use 25 bids to get an item it costs you $29.75 in bids, plus the final cost of the item you've "won." The problem is you can not select a maximum DOLLAR amount you want to bid up to. You can only choose the maximum NUMBER of bids you want to make not knowing what dollar amount that is resulting in. Then, since the end of an auction occurs at a random TIME, not a DOLLAR AMOUNT, you don't know when the bidding is ending since every bid in the last 30 seconds of the auction adds 2 minutes to the auction. So the "end" can go on and on just when you think you're jumping in at the end. Finally, everyone who is not the winner loses their money, just like in poker. The prize is paid for by the other bidders, and the website makes huge profits. There is no consolation in buying the product outright using your losing bids as a credit because the "value" placed on the item is always more than the full retil price because "aquisition" costs are added to the MFRP. Finally, it is very easy to get out of control. Just as with casino gambling (which has much better odds and pay-offs) and slot machines, you get money into the game and you don't want to walk away from what you've already "invested." People who have claimed to have won a bidding war, even several times, and have claimed to have spent much less than the value of the item, how much have the item(s) actually cost when adding-in what was spent bidding on items which weren't won. Over time, given the odds, a bidder will lose more and more. Plus, if you win cash in legitimate gambling, you can go out and buy anything in any style your winnings will cover.

Susan Has Earned 7 Votes

Susan H.'s review of oohilove earned -4 Very Helpful votes

Susan hasn’t received any thanks yous.

Susan doesn’t have any fans yet.

Susan isn’t following anybody yet.

Empty.

Similar Reviewers on Sitejabber

Thumbnail of user susannah19
4/3/17

This site was nothing more than a HUGE SCAM. Several years ago I signed up to bid and won a $500...

Thumbnail of user michaelp69
10/18/13

Elvis was probably thinking of people that run this type of operation when he wrote "Don't be...