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Total Posts: 851
Joined: Jun 2005
Posted: 2019-08-25 19:35
Accidentally discovered for myself 'penny auctions'. The idea is genius. There are three big cons though:
- it is surrounded with a lot of scam
- auction owners seem to pump the price higher (no transparency on this) and
- it seems that (even if two other problems are removed) the resulting betting strategy is very basic - capture history, analyse bidding competitors and have collocated bot.

It looks like some of 'cheap holiday' sites explore the same manipulative strategy as penny auctions.

Any opinions?

PS. It's weekend and fun.
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