The legality of Madbid.com is all hinged on the Terms & Conditions
hidden behind a "How it works" link, there you will find a condescending video that will have you
believe how easy it is to win the auction. The chances of winning an auction are virtually none
existent, as you have to bid against other bidders and bots, and the some of the bidders who have
More money than sense will use the Autobid function, which has the potential to keep the auction
going on indefinitely. Recently I was bidding on an auction for MadBid credits, when I a saw my
"Buy Now" price was close to the Auction price, I decided to Buy the Credits.
1950 MadBid Credits Valued @ £194.99
My "Buy Now" Price £25.61
Plus "Earned Discount" £172.37
Credits Used 226
Bids per credits X 6
6 X .12½p= 0.75p X 226 £169.50
Total Charge £367.48
£172.49 Over the original auction price.