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Old 07-05-2009, 12:02 PM   #1
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Swoopo.ca super cheap stuff!!!

Has anyone checked out Swoopo.ca it's an acution site that seems to sell stuff really cheap. I saw a 40 inch flat screen go for $140.

But there's a catch.
It costs you $1 for every bid and the priced only goes up by 15 cents some only by a penny and every time you bit the 10 seconds gets added to the time.
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Old 07-05-2009, 12:49 PM   #2
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umm.. wtf... 80$ for a macbook? looks like a scam to me..
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Old 07-05-2009, 01:08 PM   #3
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Put it on your CC, and test it out. If it fails, chargeback!
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Old 07-05-2009, 01:10 PM   #4
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http://ezinearticles.com/?Swoopo-Rev...am?&id=1873917
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Old 07-05-2009, 01:12 PM   #5
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I'm going to sign up right now to find out. Prob a rip off but we shall see
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Old 07-05-2009, 01:16 PM   #6
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so if you watch the bidding and bid in the last 2nd you could save yourself some huge coin
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Old 07-05-2009, 01:18 PM   #7
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just bought 40bids for $30 will let you know how it goes
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Old 07-05-2009, 01:19 PM   #8
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You have to pay cash up front for bids. And if they bid in the last 10 seconds, the timer get reset.

Here's a video that might help you - http://www.youtube.com/watch?v=TdttRVrW0vw
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Old 07-05-2009, 01:30 PM   #9
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I'm laughing at all these people wasting away their bids on a low priced item
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Old 07-05-2009, 01:38 PM   #10
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Quote:
Originally Posted by Razor Ramon HG View Post
I'm laughing at all these people wasting away their bids on a low priced item
ya it's pretty funny, people bidding non stop on those monster headphones. I'm thinking this site may be good at 2-3am when less people are on.
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Old 07-05-2009, 01:40 PM   #11
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as well if you do want to do is they have a promo right now buy bids get that many for free I bought 40 and got another 40.
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Old 07-05-2009, 01:45 PM   #12
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I'd buy some bids, but unless I'd win an item (pretty damn hard), I'd feel pretty ripped off
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Old 07-05-2009, 01:47 PM   #13
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Is this for real though? The $50 for a Wii seems unreal?
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Old 07-05-2009, 01:48 PM   #14
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Quote:
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I'd buy some bids, but unless I'd win an item (pretty damn hard), I'd feel pretty ripped off
ya I know what ya mean, $30 for 80 bids aint that bad. If I would of got those head phones I would of been happy. It looks like that bid butter is the way to go as said in the vid u posted.
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Old 07-05-2009, 01:49 PM   #15
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Is this for real though? The $50 for a Wii seems unreal?
it is real, the site makes the money off the bids not off the products.
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Old 07-05-2009, 01:58 PM   #16
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it is real, the site makes the money off the bids not off the products.
Really eh? But where are the products coming from? Couldn't the site just mysteriously outbid everybody at the end of the auctions? Nobody would ever know whether they were outbidded by the system.
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Old 07-05-2009, 02:00 PM   #17
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wow they're making a killing

The penny auction for a 40" TV is going for $60 right now....6000 x .75 = 4500.

The TV's worth about $2000 TOPS!!

Damn!!! These guys are smart.
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Old 07-05-2009, 02:03 PM   #18
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it's a very smart idea if you think about it. they don't need to bump up the prices cause people are already doing that. they own all the prodcuts and it's a canadian company so shipping doesn't kill. If you time it right and bid when it's up there when people are cheap and don't want to spend the higher price you will still get a smokin deal if you don't keep on bidding like the idiots that are there.
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Old 07-05-2009, 02:10 PM   #19
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yah..this is a frickin smart idea...
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Old 07-05-2009, 02:15 PM   #20
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the issue right now is everyone got double the bids. so right now there bidding more since they didn't have to pay for half of them. Wait a week since the promo is only on until tomm and I have a feeling the bids wont get as high.
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Old 07-05-2009, 02:28 PM   #21
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^Yeah and auctions just won't end now, I have been watching the Macbook auction and it keeps getting bidded in the last few seconds. I am still skeptical about the number of actual users bidding on there, the company could easily assign a group of people who would be responsibly in extending the life of the auctions so more "real" users would bid.

The last Macbook was sold at $79, so they made around $6k from that single auction I'm assuming... crazyy!
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Old 07-05-2009, 02:28 PM   #22
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If you win anything, let us know.

Hmm, it seems they are based in West Georgia street.
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Old 07-05-2009, 02:33 PM   #23
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lol for sure I will let ya guys know. The prices are way to low right now. Best bet is to start bidding at the price you saw the last item was won at.

damm thats brooklennave guy is bidding on everything
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Old 07-05-2009, 02:34 PM   #24
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Yes and no.

Swoopo is a scam in the sense that it is an online gambling site posing as an auction site.

However, Swoopo is not a scam in the sense that they will steal your money, they have a legitimate (although misleading) model. Just don't be fooled into thinking that the site has anything to do with auctions.

They use terms like bids and auctions when in reality, they are an online gambling site where the game is a bit like a cross between a raffle (lottery) and a game of chicken, the the prize is some item you receive (if you win) at an extreme discount.

Leaving aside all this "auction" talk (who are they kidding?) the game works like this. Each game has a prize, and a clock that counts downward to zero. Think of it like this. Everyone who wants to play the game (or the bidders, if you will) is, in a virtual sense, putting dollar bills in a stack, since each "chance" (or "bid" although that term is misleading) costs $1. (50 pence for the UK Swoopo)

When the clock reaches zero, whoever put the last $1 on the stack wins the item, but each time a dollar is placed on the stack, 15 seconds is added to the clock. It's easy to see this game makes a lot of money for the house, or Swoopo. Each bid is like a raffle ticket. You are paying $1 for the small chance that no one else will put $1 on top of it before time expires. Keep in mind the players, or "bidders," can use an automated bidder called bid butler. When multiple people use these, they can instantly bid back and forth dozens or hundreds of times, adding minutes or hours to the clock. Swoopo tells that this is a "strategy" and sad thing is that people seem to be buying it!

You might be asking, "Why is there a price if this isn't an auction?" The funny part is that for a lot of the "auctions" there is no price! These auctions have fixed prices, (the "100% off" have a fixed price of $0.00), and you can see from these that the price displayed is, more or less, just a counter for how much Swoopo is pocketing! Take for example a high end digital camera with a fixed price of $79 plus $12 for shipping. The "price" on this "auction", which I am looking at now as it is still active, is $828. This number is completely irrelevant unless you are interested in how much Swoopo is making. Since that number increased one "bid" at a time by $0.15 and each of those "bids" costs someone a dollar, that means there have been over 5500 bids! $5500 in Swoopo's pocket and the game is still going! You can see how it is no problem for them to send the lucky winner a $1500 digital camera for less than $100 when they made so much money from the game.

Some of the games are not fixed price, and so the winner of the game wins the item but has to pay $0.15 for each "bid" that was placed. On these games there is, I guess, (and I am being generous here), some semblance of strategy, since each subsequent bid is worth a little less. For example, the first bid on a $300 XBOX 360 is a chance to get a $300 item for $0.15, but the 100th bid is a chance to get a $300 item for $15.00, which is worth a little less. I guess the strategy is to wait until the price is high enough to weed out a lot of players and thereby increase your chances, but PLEASE keep in mind you chances are still SLIM!

In conclusion, I would call Swoopo a scam, but that is just my definition. It is what it is. It preys on human weakness, and lots of them.

1. Desire to get a good deal. (At first glance you are buying something at an incredible price, right???!!!) You can see this is their main hook as all of their ad material is just history of past games showing how some lucky fool snagged a Wii for $20 or an HDTV for $200.

2. Throw good money after bad. (You bought 20 chances, and someone kept jumping in with 5 seconds left! I don't want to have wasted $20, so I'll get $20 more in chances and keep trying!)

3. Gambling is fun. (No real need to elaborate here)
A fairly good read.
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Old 07-05-2009, 02:35 PM   #25
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also I noticed that it shows if people are useing the bid buttler, The best bet is don't bid if you see that cause they will beat you anyways. Let other people bid and waste there bids.
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