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Penny Auction Websites: An Online Lottery Satta Matka

What is a penny auction? Well, that means that you can bid on items by 1 cent increments which is obviously within anyone’s budget. No wonder that Quibids, Beezid, and the likes, have gathered record amounts of customers in a short timeframe. The main reason for this uprising is probably that if you win with your penny bid, you will end up saving about 90% on new retail items such as Apple iPads for $20 (retail is $500 and up), Samsung LED 55″ flatscreen 3D TVs for $60 (retail is $2,000), etc…

Although it seems too good to be true, it is very real. The bidding sites actually bring in a lot more money than what they spend on the new items. This is because customers have to buy the right to bid, on Quibids, a package of 100 bids is worth $60, that is 60 cents per bid. So if you placed one bid and won the iPad at $20, you will actually spend $20.60 on the item.

No big deal right? Let’s crunch the numbers. First, let’s note that unlike eBay, these sites do not have a definite end time on auctions, every time an item is bid on, time is added to the clock. The auction ends when nobody posted a bid for say, 10 seconds. That basically means that everyone has the same odds to win the item. On that note, let’s take the example of the iPad that went for $20. Starting the auction at $0, it took a total of 2,000 1 cent bids to get there. If you bid once, the probability to win this auction is basically 1 in 2,000. Of course, you can increase your odds by bidding several times, 100 bids gets you to 1 chance out of 20 but you will then have spent $60 + $20 with a 5% chance to get the item. Meanwhile, the website will receive 2,000 times 60 cents for the item no matter what, that is $1,200! Since the item costs them only $500 and the auction winner Satta will still have to spend the final $20 bid on it, the website will make a staggering 144% profit! This is true on every item, every day, with the minimal infrastructure that comes with an online business.

It is actually a mystery why such methods are legal because if you sum it up, all they are, are online lotteries. Bids are bets and your odds depend on the money you spend. It is important for the “customers” to realize that the dollar value of an item that is bet on does not represent anything, it is only a trick to attract more people and lead them to think that they will get a good deal. In reality, you can forget about the status of the “auction” and just think of it as a lottery for which each ticket is worth 60 cents. At the end of the day, you can either get lucky, walk away, or get caught in the loop and keep playing the odds. Very much like at casinos, you will then end up losing much more than what you are winning. My advice: try it once or twice, then go to your retail store and pay face value…

If you are looking for more predictable ways to save or make “free money” on the web, you should consider other options such as paid surveys, a very good way to work from home and earn extra money by getting paid online.


The Low Down on Lottery Wheeling Systems and How They Can Help You Win the Lottery! Satta Matka

Lottery wheeling systems have become all the rage among lotto players who want to increase their chances of winning. In fact, just go online and do a search for lottery wheels, and you’ll find a lot of sites advertising their wheeling systems. But what exactly are lottery wheels and can they really increase your chances of winning?

How does it work?

Wheeling systems are techniques for generating betting combinations that guarantee that you will match at least one number in one of your lines. To illustrate how they work, let’s say you’re playing a lottery game that requires you to choose five out of nine numbers. To use the lottery wheel, you will first pick four numbers, i.e. 1-3-5-9. Then you will use the system to generate combinations using these numbers and the remaining numbers, thus:


If you bet those five combinations you are assured of matching at least one number in the winning combination and probably more, increasing your chances of winning a prize. Depending on the wheeling system you use, you can adjust it to guarantee you match two or three numbers, etc. The problem, of course, is that the number of combinations that you have to bet increases depending on how many numbers you have to pick from and how many numbers you want to match. Satta Matka This can make betting using lottery wheeling systems prohibitive for a single bettor, which is why these systems are commonly used by lotto syndicates or clubs.

A wheeling system is an ideal betting system for lotto clubs, since the cost of betting many combinations is shared among a large number of people, making it more affordable to use while increasing the chances of winning big prizes. Of course, the prizes are shared but even small shares can add up to big amounts over time, particularly since lottery wheels virtually assure that wins will come more frequently.

Lottery wheels online

There is a wide variety of lottery wheeling systems available online ranging from those that you can use for free to commercial software with a wide range of features. Which one you choose depends on how much your budget is and how much you are willing to spend on betting the lotto each week. Of course, there are those who argue that lottery wheels don’t really increase your chances of winning as much as the fact that by using a wheel, you’re betting more tickets. While this claim is not without basis, you also have to consider that the sensible use of a wheeling system does make it easier for you to match a winning combination. And as long as you’re not spending too much on a wheeling system, what can it hurt?

If you want to try your luck with lottery wheeling systems, the best way would be to get together with family and friends and organize a lottery pool. That way, you can share the costs of betting the combinations generated by the lotto wheel as well as the winnings. Just make sure that you come to an agreement with the members as to how much the contributions will be and how the winnings will be shared, that will be put down in writing and signed by the members.