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swoopo

Discussion in 'Members' Lounge' started by get_nick, Mar 10, 2009.

  1. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    In case you haven't seen this, someone figured out a way to use game theory to convert stupidity into money.

    http://www.swoopo.com

    Bid on almost anything! Woohoo! Look! 40 1080p TVs selling for $30! High end espresso coffee makers for $10! What a steal!

    And it only costs $0.75 to bid! And you can even bid on packs of 300 bids! And some auctions are penny auctions!

    Like that 60” Sony 1080p DLP! It is up for auction right now at ~$85 on the Penny Auctions! Which means that in $0.01 increments there’s been about 8500 bids on it.. at $0.75 per bid..
     
  2. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    this is pure genius right here. allegedly they take all the money they get from the auctions and use it to buy it from a 3rd part to send to you.
     
  3. klyph

    klyph Dismember VIP

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    It adds time whenever a bid is placed, that's genius.
     
  4. EKJOE

    EKJOE New Member

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    Scam

    You have to buy your bids.....I saw this along time ago and its border lining scam.

    The company usually makes around twice the value of the product being sold at an insanely low price.

    Internet gambling at its finest!

    Read up kids!
     
  5. MthaFuknGreen

    MthaFuknGreen Green on the scene.

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    read up yourself.
    thats what he said.
    lol

    i think its fucking genius though.
    the fact that they could possibly get a nice tv for hella cheap doesnt bother them that it costs them $.75 to bid.
    cuz if everyone else just happens to forget, they get a nice tv for cheap. if they dont get the tv, they only lost $.75.
     
  6. Briansol

    Briansol Admins Admin VIP

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    i had this idea 4 years ago :(
     
  7. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    twice? there is a camera that retails for $1300 that i'm watching. (just for fun) it has $33.30 in bids. over 3300 bids, at $.75/bid=$2,475 in bids. the last one sold for $268. at $.01 increment per $.75 bid, thats $20,100 in bids.
    you can make an american version :shrug:
     
  8. EKJOE

    EKJOE New Member

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    My bad..Hahahaha, I meant 10x.

    Good for them :mellow:
     
  9. MthaFuknGreen

    MthaFuknGreen Green on the scene.

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    holy shit..
    omg..
    i need to start thinking up this kind of shit..
     
  10. cjvictoria

    cjvictoria New Member

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    fuckin brilliant shit right there
     
  11. lswhitecivic

    lswhitecivic Senior Member

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    Just a note, not all auctions are penny auctions. Some are in $0.15 increments.
     
  12. Airjockie

    Airjockie Watanabe Whore!!!

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    I hope ebay doesn't get any ideas from this....
     
  13. reckedracing

    reckedracing TTIWWOP VIP

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    there already is an american version, a few i believe
     
  14. corvetteguy78

    corvetteguy78 Well-Known Member VIP

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    Uhmmmm I don;t know about this site....I mean look how long the auctions last for..some ending up to April 13th.....If no one bids with 20 seconds you win? Which means they prolly have a call center full of people bidding on this stuff to keep the aution up and running so real bidders can never get item at some rediculous price meanwhile making a fortune...
     
  15. MthaFuknGreen

    MthaFuknGreen Green on the scene.

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    i think they might have a person bid at like 19 seconds or something just to keep it from closing, but i doubt they bid a lot.
    then theyd lose money.
     
  16. BigJ

    BigJ I'm just about that action Boss. VIP

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    Just saw this. I'm going to run my luck on it. Tons of auctions end super early. They sell to you cheap. Everyone wins. No one loses more than a few bucks, etc.
     
  17. corvetteguy78

    corvetteguy78 Well-Known Member VIP

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    well did you win anything? Anyone win anything?
     
  18. hondasaurus

    hondasaurus Member

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