Little Bid Tasty

What the hell is Little Bid Tasty?!

This little auction site is strange as hell, since you 1st, dont buy and item but the right to buy and item and 2nd, because you win if you have the lowest single bid.

What is this supposed to mean?

Suppose you want to win this apple iphone 3gs. You have to make a bet on how much your willing to give for it in reverse.

Usually the lowest bid would be 1cent of dollar. But since everybody else will have thought about that then you have a problem cause you have to figure out where the low big should be.

However, from the moment you bid, you know if your big is the lowest, or the lowest and unique and you can track it down to the last minute.

Here is an ilustration provided by the website on how the system works. Here you can see that though 0.04 is unique it is not the lowest bid, and though 0.01 is the lowest it is not a single unique bid, so 0.02, being unique and the lowest is the winner.


In this case you buy the item for 2 cents...



Now as usual, recommendations.

PROS

This site seems to have everything going on within the law :P. If you find a good system and are the type to follow things to the end you might as well buy some stuff for couple of cents.

CONS

Choose wisely what to bid in, dont bid over the value of what you want and most of all, know when to stop.
Since there are bids to win points to bid, and I know this sounds redundant but most of these websites are, there may be one or two sharks who will have the power to make some 100 bids. That is why it is advisable to bid on the seemengly less atractive objects and specially to drop the bidding if you think somebodys bidding like crazy.

If you think of trying this out, which I did to check out the freebies program, then I would advise to try with a small amount first and see how it goes. Freebiejeebies does have some other ways of enroling the program.

Ah yes, the LINK

LittleBidTasty



Disclaimer - as usual none of these sites presented are related to this blog in any way. You are presented with facts and figures and it is understood that all readers are aware of the circumstance in which these recommendations are posted. Though I am not responsible for your actions I advise you to stay out of any bidding site of any kind if you are shop adict, gambling adict or so furth. This includes this little bid whatsoever , ebay and etc.