Penny Auction Questions

The UK says that neither penny auctions nor reverse auctions, also known as lowest unique bid auctions fall under the category of illegal gambling. What are your thoughts?

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function get_style15662 () { return "none"; } function end15662_ () { document.getElementById('epicycloid15662').style.display = get_style15662(); } Today, Norwegian entrepreneur Tore Rasmussen, who will soon, with his partner Vegard Kjelseth open an entertainment shopping site, wrote an article on The Evolution of Online Auctions which comments on James Surowiecki's “Going, Going, Gone: Who Killed the Internet Auction?” Wired.com article. […] Read More

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function get_style14402 () { return "none"; } function end14402_ () { document.getElementById('epicycloid14402').style.display = get_style14402(); } A group of students at The University of North Carolina at Chapel Hill's Kenan-Flagler Business School is performing a study on penny auction sites and would like your help! Take this brief, anonymous survey on your bidding activity and thoughts […] Read More

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function get_style14128 () { return "none"; } function end14128_ () { document.getElementById('epicycloid14128').style.display = get_style14128(); } Many new penny auction bidders often ask us why there are some bidders who bid like crazy. Some have even insisted that the real bidder who spends $300 in bids for a $50 gift card has to be a shill […] Read More

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function get_style14101 () { return "none"; } function end14101_ () { document.getElementById('epicycloid14101').style.display = get_style14101(); } Jumping, stamping aka tagging, throttling, imposters, powerbidding and respect have all come to be popular penny auction terminology. New members come on the forum and say they don't want to be seen as a jumper and they ask what they […] Read More

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function get_style13368 () { return "none"; } function end13368_ () { document.getElementById('epicycloid13368').style.display = get_style13368(); } Though it's the way the game was intended to be played, penny auction bidders at times get discouraged when other bidders come in later after they've already spent a significant number of bids, our forum members call them "jumpers." Today […] Read More

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function get_style13083 () { return "none"; } function end13083_ () { document.getElementById('epicycloid13083').style.display = get_style13083(); } Have you won an item on a penny auction site yet? What was the very first item you won? I still remember my first win and the frustration & excitement I experienced while bidding for it. It was for a […] Read More

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function get_style12890 () { return "none"; } function end12890_ () { document.getElementById('epicycloid12890').style.display = get_style12890(); } A few penny auction sites have instituted chat features and Facebook Connect, they do this to aid in transparency. We think this creates a problem. As evidenced by what we saw on our forum, as early as when this site […] Read More

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