What's up with all of these penny auction sites popping up everywhere? I lost over 100 dollars on one of these sites. They are all just a scam. I don't think anyone is really bidding against you, and if they are, they are not winning anything either. I don't know if it is even possible to win an item. They just take your money, and create a pretty show. At least gambling in Vegas, there are some odds that you might win.