[geeks] swoopo

[Geoffrey S. Mendelson]

Read it carefuly. Each bid cost $.75, while the "price" goes up $.15 per
bid.

The auctions count down to 10 seconds and then the second counter resets
to 10 seconds. 

Think about it. Let say an item sells for $15. From what I understand, 
each time you place a bid, you've raised the price 15 cents, but spent
75 cents to do it. I'm not sure here, but it looks to me that the 75 cents
was spent on the bid, and is not a real bid (only the winner pays).

So by my understanding, if you bid 10 times, you have paid $7.50 for the
item, no matter what the cost. If you bid 100 times, you've paid $75.

As for the "price", for each $1.50 in price, they have collected $7.50.

In case you miss a bid, you can use their "bid butler" software to 
keep giving them money. 

What I don't understand and can't find anything about it, is do you pay
the price you won an item at too?

BTW, you have to pay for bids in advance, so they've got your money before
you can even get into the game. Is that the fourth law of thermodynamics?
(You can't even get into the game until you've paid.)

Geoff.
-- 
Geoffrey S. Mendelson, Jerusalem, Israel gsm at mendelson.com  N3OWJ/4X1GM