tag:blogger.com,1999:blog-16327517.post1483257908322623682..comments2024-03-26T19:19:35.144+00:00Comments on Eolake Stobblehouse thoughts: Beware of covert advertisingEolake Stobblehousehttp://www.blogger.com/profile/07126147415891586345noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-16327517.post-69738401701619396422014-01-14T21:25:01.207+00:002014-01-14T21:25:01.207+00:00Yes, very much like gambling, except it is impossi...Yes, very much like gambling, except it is impossible to calculate the odds. I expect most peoples strategy is to bid up to 10-20% of the retail price as that gives them little loss. What they don't realise is they have zero chance of winning. Kennoreply@blogger.comtag:blogger.com,1999:blog-16327517.post-75440006673860531532014-01-14T14:57:28.931+00:002014-01-14T14:57:28.931+00:00Yes, I'm beginning to see how this works. It&#...Yes, I'm beginning to see how this works. It's a bit like gambling. Eolake Stobblehousehttps://www.blogger.com/profile/07126147415891586345noreply@blogger.comtag:blogger.com,1999:blog-16327517.post-90626097896631222502014-01-14T05:27:51.768+00:002014-01-14T05:27:51.768+00:00In these auctions it is possible to save a lot, bu...In these auctions it is possible to save a lot, but most of the participants will spend money and receive absolutely nothing. This comes about because to make a bid it costs money. The only way the promoter can lose money is if only a small number of low bids are received. If many of the bidders are prepared to force the price up, then the promoter will make a lot of money.Kennoreply@blogger.com