I googled for “BidPax” and found this very interesting blog.
Why would someone create a new domain just for BidPax Scams as BidPax is a new website (domain created on OCT 2009) and isn’t very famous yet. Doesn’t make sense to me.
Here is copy of that blog :
I’ve used BidPax a fair bit and won a fair bit of stuff. Over the whole time I definately saved money, probably $1200 all together.
I have read numerous forum posts where people who have been bidding on BidPax mindlessly, write that they have been scammed. Of course they have been scammed, but not by BidPax, they have been conned by their own stupidity.
You can’t beat BidPax out of cash, but it’s pretty easy to take advantage of the mistakes of the other users on the site. There are a few basic do’s and don’ts which will get you out of trouble and into the winners circle.
DON’T-
*Bid when there are 3 or more AutoBidders bidding. When there are 2 it’s a bit trickier, you’ll have to bid unless you are happy for the item to go. As soon as one Autobidder runs out the auction ends so you’ll have to snipe with 2 running. But 3 or more? You would have to be pretty unlucky for 2 AutoBidders to run out at exactly the same time.
*Hold off till the price gets high. I never understood this one. Things go for cheap all the time. It just depends on how much action there is, not how far gone the auction is. It’s all about what other users are doing. If the price is high but 5 people are already committed you are going to be in for a battle. You’ll waste same amount of bids probably and drive the price even higher.
*Put an AutoBidder on and go for a walk/sleep/see a movie. Unless your AutoBidder is pretty big this usually is a good way of wasting bids. Monitoring what how other users are behaving is pivotal to success. Put your AutoBidder on, monitor the auction frequently, ready to pull out when there is too much action or reload your AutoBidder when it runs out of ammo.
*Expect that other single bidders are going to bid. So many times I’ve seen my AutoBidder get smashed by 4 or more single bidders at once and then the next time the my bid is in front I win. Why? Cause everyone is expecting someone else to take the hit. Its their fault for single bidding anyway but still, if u r single bidding then don’t expect anyone else to do the work for you.
So many times I have seen that 3 or more people are placing their bid simultaneously on the last second. The next time the timer clocks down to zero all the people thinks its time to save their bid. No one bids and the auction is over. Imagine having AutoBidder on this auction…That is also a reason why it would be clever to place your bid in this situation (when multiple bids were placed on last second of the auction last time) hoping that everybody expects other to place their bid this time. Who would be laughing then?
DO-
*Use AutoBidders more often than not. About 85% of auctions are won by AutoBidders. If everyone else is single bidding and there aren’t a lot of them its time to put your AutoBidder on. If your AutoBidder is on as well as 3 or more others then there’s no point keeping yours on this is when u take it off
*Have enough credit available. Under committing to items is a guaranteed loser move.
*Commit to an Auction not a product. That’s probably the biggest mistake you can make. So many times I’ve seen the same user bid on the items and quit on it and trying other day on same item. If you’re going to bid on something, do it once. It will save you in the long run. It’s a waste of time to chuck 20 bids on the same item 5 times. Just ammo up, and hit it hard once. You’ll get the item at least instead of just discounting it for someone else. Even if you end up spending a lot on bids you will at least get the product. Also concentrating on one particular auction will help you stay focused and when you are constantly observing the auction and others bidding behavior you will have much better chance to win than trying your luck on 5 different auctions for the same item.
One other related issue is the ebb and flow of the site. Basically items can go for almost nothing or a fair bit. If you watch it is so often that items do the opposite from each time. Let me explain,
If the playstation3 went for over 200 bucks last time, it will probably not reach 100 the next time. Reason being, that everyone is holding off. Then the time after, it will go for over 200 again. This is all because people are using the history of the items to judge when to start bidding. There is no real formbook, but ebb and flow seems to be more consistent than not.
So essentially, if you are patient and committed, this style of auction will work for you. I recommend AutoBidders because they are statistically the way you win. You won’t ever be able to beat BidPax consistently, but you can always beat the other users and capitalize on their mistakes.
One of the latest penny auction websites to hit the United Kingdom is Bidyell.com
