Telebid.com: Gambling Re-invented
Telebid.com is not the usual auction website as you may know it. The best practice for auction websites (err ebay.com for instance) would allow you to set a price you would be ready to pay for this item. If the item becomes to expensive for you, you can nicely drop off. Cost of the operation: ZERO!
On telebid.com you can in theory buy normally expensive items at very low price (playstation 3, iPod touch etc.) as every auctions start at 0€, the maximum raise is 10cts and every auction has a limited lifetime. However there is a trick:
Everytime you bid on ...