Any one here tried it? Thoughts?

Nope, never tried it -- never heard of it until now. Quick google search brings this up: http://www.avoision.com/2008/10/01/new_swoopocom_auction_site_a_l.php

Incredible profits they can make. Will they be stopped? Who knows. It seems terrible, but... somehow not also.

Thanks for the article. It does seem somewhat inherently evil.

I just buy stuff. I don't try to turn in my Chuck E' Cheese tokens to get it.

Why would anyone bid on anything until the last minute? I don't even do that now on ebay. It's even worse on there. So what happens when everyone waits until a few minutes prior? Is there a reserve?

When you bid, it adds 15 seconds to the countdown.

I guess there would be quite a flurry in the last few minutes then. I could see it going up fast I suppose.

You'd essentially have thousands of people spending a buck to miss out on it, so I can't see a huge outcry from the losers.

Any one here tried it? Thoughts?

I don't think I'd ever try it. The odds of winning anything in that are remote with the time increase. It would be very frustrating to never win anything even if you didn't have to pay for each bid.

Yeah, I don't know that I would be a sane person if I spend 100 bids ($75) on something that I didn't get.

Swoopo sounds like poopo.



I just made that up!

^ ,bro.

The auctions never end because everyone bids in the last 10 seconds.

Whoever created this site is a genius.

^^Yep.

The auctions never end because everyone bids in the last 10 seconds.

Not until you get to an amount that nobody else is willing to pay any higher.

But at some point you're invested and u won't want to the up. Genius indeed

THIS SITE IS A SCAM

I watched it for 2 days straight ( trying to come up with a formula to win of course)
Swoopo games their own auctions by driving up the prices to certain levels.
They also randomnize the bidding prices to screw YOU over, this is why they don't provide a complete bid history only a (most recent bidders)

You will see users spend hundreds of dollars in bids just to drive up the price and get other people to dump money in with bids. I've also talked with someone who personally worked there and was part of this.
Aside from that, it is damn near impossible to win anything on that site, you have to spend hour after hour and hour waiting to pick your spot, and it's still a crap shoot.

I swear to god, you have better odds playing blackjack in a casino.

Blackjack odds in a casino are actually pretty decent.

I've thinking a lot about this site and the ridiculous amount of money these people are making and it's even worse than it first appears. With their "100% off" auctions, no matter how high the price gets, you only pay shipping. Theoretically, these auctions should never end -- and swoopo will just keep collecting their $1 a bid....forever!

Let's say you're bidding on $1,000 cash (yes, they're auctioning off cash....hilarious). The last bidder gets the loot. Now obviously, you shouldn't spend any more than $999 on bids to get the cash or it's a losing proposition. But let's say you (and probably 10 other people) have spent the $999, should you just stop? No, everyone should keep bidding.

It's bad to spend over $999 to get only $1000 back but it's even worse to spend over $999 and get NOTHING back, so if someone's dumb enough to already be in for the $999, they still should keep bidding as the bids they've already spent are a sunk cost. This holds true into infinity. It would be dumb to spend $25,000 to get back only $1000 but even worse to spend $24,999 and get nothing back. There are going to be poor old ladies emptying their saving accounts over this shit.

Ha, I just went back to the site and they've taken the "100% off" auctions off and it just says " If you browse through ended auctions, you might come across some other auction types that we used to use. In order to provide a more convenient bidding experience, we no longer use these auction types, but to show the list in its entirety, here's how they worked:"

I wonder if they got busted for it being gambling or something.


They also changed the bid cost from $1 to $.75, presumably to make it harder for people to do the math in their heads and figure out how much the bids they'd need to use are worth.

Yeah, I agree with everything you posted Vinny. Theoretically I would keep paying no matter what so that I at least get SOMETHING for my investment instead of nothing. What is that old saying? If it looks too good to be true, it probably is?

Yeah, I agree with everything you posted Vinny. Theoretically I would keep paying no matter what so that I at least get SOMETHING for my investment instead of nothing. What is that old saying? If it looks too good to be true, it probably is?

Swoopo is based on the dollar auction. (look it up)
You lose a dollar auction the moment you start playing it.