Penny Auction Tips for Beginners

Know What the Rules are Before You Play
Nothing is FREE my friend. If there's some gimmick on a penny auction website that you're getting something for free, chances are, you're not. Its a hook-and-bait thing. Kinda like happy meals at MickeyDs to draw in the kids. You think you're getting the toy for free, but in reality you're not, you're paying for the meal full-price. Same with bid sites- you sign in and you play, you get charged for a bid pack or for a membership to play.

If you want the fun without the hassles, pay your dues and know what you're up for. You don't want hidden charges on your debit or credit card showing up later on without your consent.

• Understand the Math.
• Probabilities Matter.
• Make the Odds Work to your Advantage.

Chance is just part of the equation, you gotta have your game on, there's strategy to consider like when to bid and who you're bidding against (is it a penny hustler? or a bot? or grandpa?) What's the possibility you'd win something after maxing out all those bidpacks?

Reality is, you're bound to win something, the question is- would that item be worth all the bidpacks you spent? If its an iPad 3, then that's killer! but if you keep winning gift coupons and small items, maybe penny bidding isn't really the thing to spend your internet hours on.

Always keep in mind: 

• Have coffee on standby. No beer!
• Keep those trigger fingers at bay until the last second
• nd the most important thing- Have fun!

The Big Deal with Auction and Bidding Sites

The web has a motherload of deals out there, just waiting for you to tap into that huge discount pool. Tech gadgets and mobile devices are flat out expensive, but that doesn't mean you have to settle paying for it at store prices. Gift giving either way, doesn't have to be a burden.



Take it from me, the web can be your friend in finding the best deals around. You can scour auction sites and online shops (big ones like Ebay and Amazon) or do the local trade routes with Craigslist, Oodle and Gumtree) or you can even go bid with the kids at penny auction sites and just try your luck!



With penny bidding sites you can bid for the product of your choice or buy it flat out at a discounted price- most of the time its a win-win situation. There are a lot pennybidding sites you can try out for starters- bidcactus, quibids, speedyfinger and ziinga UK.



Like I said, the web can be your shopping ally, if you know where to look. And what make these sites so great is that deals and discounts come out frequently.

Bidazzled.com: Bid 'til your Dazed

Bidazzled.com

PROs:

• Profits are donated to a charity for lung cancer.
• All of their merchandise is brand new.
• Their auctions start at $0.18 and below.
• The more numerous bids you buy, the more numerous bonus bids you’ll receive; thus, lowers your actual cost per bid.
• Bid Packs are available in quantities of 29, 60, 125, 325 and 675; prices range from $25 to $500.
• All your used bids can be used towards purchasing the item if you don’t win.

CONs:

• Bonus bids are only valid for 7 days; thus, you have to use them very quickly.
• Bidders are only allowed to win 2 auctions per day, 7 per week and 20 per month.
• No Autobidder