Spending all your money on beers and parties? You must not be the type hanging around auction houses bidding up on expensive items. But what would you say if we told you about an auction where you big items down? (yes, you read correctly – bid them down).
Bid4prizes.com has introduced a novel idea to the way you can win cool items. Their system allows users to place bids on various items and cash prizes up for auction, but the cool part is that the winner is the user with the lowest unique bid. Their system is fun to use and challenging taking sweepstakes to the next level.
The way it works is users place numerous bids on an item. When the auction is over, Bid4prizes.com goes over every possible price starting from 1 cent (with 1 cent increments). Let’s assume 50 people placed a bid for 1 cent, although this is the lowest bid possible it is not unique since many people bid this price. They then go to check every value up from one cent until they find a bid price where there is only one bid – whoever placed this bid is the winner.
If you win the auction, you don’t have to actually pay the bid price, that price is only for the purpose of the game. Once you win you get to keep the free gifts only paying for shipping and tax. You will have plenty of money left for beer...