www.telebid.com

property.advert

As for products, then they could buy them beforehand or they could have no stock and just buy it for delivery to the winner ! Great idea.

khoolguy

Is it me, or is no one else seeing the behind the scenes here?? All these sites, madbid, fastbid and all the other pay per bid (timer restricted) websites out there aren't necessarily scams, not as per definition of the word "scam"... but more like a ingenious way of making thousands of £££'s using the end-users greed and lack of understanding of what lays under the surface.
>:T
The items are legitimate, postage is free and you definitely get the item in question - so really no scam here... now here's the catch (and please let me not be the only one to see this):

Let's say that you buy the pack of 40 bid for £24.00, what you basically doing is pay £1.66 per bid (40/£24.00). Each bid you place when you hit that [BID NOW!] button is equivalent, or actually is 1p (one penny!!). Right here you should start asking yourself questions, but this isn't it yet!! So you are basically paying £1.66 per every 1p. Now this is not what will bring you to stop because, technically, you could win a bid by just bidding once (very unlikely but true). So "technically" you could have actually bided only once (£1.66) for something and won... e.g - ooooh let's say you were going for that LG 50" Plasma TV I'm looking at right now - current cost £100.31, so you place your bid and for some REALLY strange reason no one else bids... YOU WON! So this telly would have actually only cost you £101.98 (cost of plasma tv £100.32(incl your 1p) + your bid cost £1.66)! No gimmicks, no scam... but the likelihood of that bid stop at £100.31 - very low! So again you should see where this is going - if after you enter your bid and if someone else also really wants that telly (which is most likely what will happen) he/she will hit that [BID NOW!] button and there it goes, price goes up and so does the timer. Next thing you know you are bidding once again... and on and on and on.... the psychological effect of looking at a price of something and seeing it go up by pennies instead of pounds is extreme... you will forget for a second that you are actually paying £1.66 per every penny that the item goes up(on your bid).
>:T
So by now all this should have made you stop, think twice and revaluate if this is the best option of getting it on to a great bargain. If this hasn't deterred you yet, think about something else: who is to say (and no theory of conspiracy here) that there aren't planted bidders who ensure that that item doesn't sell too low? People do it all the time on ebay...
Now how do this people make money? They're not only making money, they're actually "printing it"!!
Quick Calc
Same telly:
LG 50" Plasma TV - sold for £101.38
How many bids were needed to bring the price of that telly up to that price?? I'll tell you - 101.38 x 100 = 10,138 bids (100 pennies per pound = 100 bids per every pound)!!! C'mon don't you see it yet??? 10,138 x £1.66 = £16,829.08:eek:. We have collectively, as bidders paid for that telly £16,829.08!!!! Either I'm miscalculating something here or this is a cash making machine!
Hope this helps! Please reply!

grayme-m

khoolguy wrote: »

Is it me, or is no one else seeing the behind the scenes here?? All these sites, madbid, fastbid and all the other pay per bid (timer restricted) websites out there aren't necessarily scams, not as per definition of the word "scam"... but more like a ingenious way of making thousands of £££'s using the end-users greed and lack of understanding of what lays under the surface.
>:T
The items are legitimate, postage is free and you definitely get the item in question - so really no scam here... now here's the catch (and please let me not be the only one to see this):

Let's say that you buy the pack of 40 bid for £24.00, what you basically doing is pay £1.66 per bid (40/£24.00). Each bid you place when you hit that [BID NOW!] button is equivalent, or actually is 1p (one penny!!). Right here you should start asking yourself questions, but this isn't it yet!! So you are basically paying £1.66 per every 1p. Now this is not what will bring you to stop because, technically, you could win a bid by just bidding once (very unlikely but true). So "technically" you could have actually bided only once (£1.66) for something and won... e.g - ooooh let's say you were going for that LG 50" Plasma TV I'm looking at right now - current cost £100.31, so you place your bid and for some REALLY strange reason no one else bids... YOU WON! So this telly would have actually only cost you £101.98 (cost of plasma tv £100.32(incl your 1p) + your bid cost £1.66)! No gimmicks, no scam... but the likelihood of that bid stop at £100.31 - very low! So again you should see where this is going - if after you enter your bid and if someone else also really wants that telly (which is most likely what will happen) he/she will hit that [BID NOW!] button and there it goes, price goes up and so does the timer. Next thing you know you are bidding once again... and on and on and on.... the psychological effect of looking at a price of something and seeing it go up by pennies instead of pounds is extreme... you will forget for a second that you are actually paying £1.66 per every penny that the item goes up(on your bid).
>:T
So by now all this should have made you stop, think twice and revaluate if this is the best option of getting it on to a great bargain. If this hasn't deterred you yet, think about something else: who is to say (and no theory of conspiracy here) that there aren't planted bidders who ensure that that item doesn't sell too low? People do it all the time on ebay...
Now how do this people make money? They're not only making money, they're actually "printing it"!!
Quick Calc
Same telly:
LG 50" Plasma TV - sold for £101.38
How many bids were needed to bring the price of that telly up to that price?? I'll tell you - 101.38 x 100 = 10,138 bids (100 pennies per pound = 100 bids per every pound)!!! C'mon don't you see it yet??? 10,138 x £1.66 = £16,829.08:eek:. We have collectively, as bidders paid for that telly £16,829.08!!!! Either I'm miscalculating something here or this is a cash making machine!
Hope this helps! Please reply!

Is it me or are you just repeating what others have said over two years ago?

khoolguy

grayme-m wrote: »

Is it me or are you just repeating what others have said over two years ago?

Is it me, or you're just a little bit rude? But cheers for the constructive criticism!:T

grayme-m

Just using the same tone as you and pointing out that you weren't giving the insightful post to us idiots that you seemed to suggest.

Anglingman

jonniboi wrote: »

quote i have won quite a few things on telebid ive spent £ 320 on bids and final price payment and for that have won 2 x nintendo wiis 1 x laptop , and a remote for a playstation 3 happy days sold them on ebay for £ 630

Not sure I understand your point other than demonstrating you have won items ? This is not in dispute nor is my understanding of the Telebid model.
You either love it or hate it however it is IMPERATIVE that anyone wanting to use the site must make themselves fully aware of the process, many comments on this thread clearly show people do not understand fully how this works. As with all games, acquaint yourselves with the rules, choose a strategy and understand the risks.