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Thread: Bidgunner.com

  1. #11
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    I deleted it. Didn't sound like such a good deal to me.
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  2. #12
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    I deleted it when I found out "Buds" was associated with it. I also agree with the thought that you can never have too many guns....however I don't need someone new trying another angle to get into my wallet. I already have kids and grandkids doing that for me.

  3. #13
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    I will stay clear of it
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  4. #14
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    THese things are popping up... its kinda like playing the slots in a casino... just one more spin and I will break even or even win! heres a couple more I have had e mails on and dont even go there... I rather take my chances at the PAWN shops.. I guess if you like the odds at the slots it might be interesting...

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  5. #15
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    My buddy uses quibids to buy walmart gift cards. He does is grocery shopping at walmart so it makes sense. If he doesn't win the auction for the gift card, you can buy the card for face value. He usually does get a bunch of free bids, so he either gets a $200 gift card for much less, or still only spends $200 for the $200 gift card, even accounting for cost of bids. But that is about the only possible rational use fr a penny auction I can see.

  6. #16
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    I would love the site if I didnt have to pay for my bids, and it was 1 bid 1 win?

  7. #17
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    So if I get this right: They get a $1.00 per bid, and the price goes up $0.01 per bid. So if that $400.00 gun sells for $10.00 that was 1000 bids at $1.00 per bid. So they are getting $1010.00 on a $400.00 gun. I know others have their fingers in on the profits of that $400.00 gun and some of those bids may have been free, add to it money from advertisers on the website, it sure looks like a cash cow to me.

    Is there any regulation on these forms of auctions to keep the companies from putting a fake bid on their own site to keep the auction going?
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  8. #18
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    The Penny bid sites are cash cows, but if you play them right you can get some crushing deals on items. I have been watching guns4pennies.com for a while and won a couple items.

    Lets break it down on an actual Item sold Live Auctions | Guns4Pennies.comtem Sold for 149.15 which means the last bidder paid 149.15+cost of his bids.

    The site made $10142.2 in bids (14915*.68=$10142.20 assuming everyone bought the biggest bid package) plus 149.15 sale price. Cash cow.....

    Now on the other hand if you were the last bidder and lets say for argument this bidder used 1000 bids to get the winning bid. $668 for 1000 bids and 149.15 final price means the winning bidder paid $817.15 for a rifle that retails for over $2000. A good deal in my eyes.

    The key is to keep and eye on how many bids you are willing to "wager". And I say wager because you are just wagering that every one else will give up or run out of bids before you are out of bids.

  9. #19
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    I regard penny auctions more as a form of gambling than shopping. If you enjoy casino style gambling - go for it.
    I'd rather spend the time shooting, reloading, or even cleaning my guns.
    Oh, I might register and use the free bids to try to "win" something, but I'd never buy a bid.
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  10. #20
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    I am not sure I would regard this as gambling when you have such a poor chance of winning; sort of like the lottery. When your chances of winning are one in a zillion can you consider this gambling or tossing good money in hopes of getting something for almost nothing.

 

 
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