Win an Ipod touch for pennies
Lowest Unique Bid Auctions at prizebid.co.uk gives users a chance to buy brand name products for less than 90% off suggested retail price.
Past Winners on our site have won these prizes
Sony PSP Slim £0.40
Wii + Wii Fit £1.40
Nintendo DS Lite £0.11
Reverse Auctions are NOT a game of chance.
It’s a competition where strategy and clever bidding can achieve you the lowest unique bid and win you great prizes.
The website gives you hints to help you locate the lowest unique bid. “Unique but not the lowest”, “Not unique 5 other bidders” “Lowest unique bid”. Using these hints and strategy, just like in the game of chess you can plan your next moves and eliminate your adversary.
Every bid you placed can be seen only by you, and provides you with the information on the status of those bids, so there’s a strategic element to this game as well providing everyone with an equal opportunity of winning.
Bonus Credit
Our Bonus Credit system is open to all members and rewards users by giving them free credits to bid with. Member can collect Bonus Credits in loads of different ways. Surf the site and bonus credits randomly appear at the top of the page. Refer friends and earn bonus credits when they sign up. Join in the Mad Half Hour for double Bonus Credits. It’s a great fun way to collect credits for free bidding on great prizes.
Winning Lowest Unique auctions
The bidder who places the bid that is unique and the lowest wins
Example:- Bidder 1 places bids on 1p,2p,3p, Bidder 2 places bids on 1p,2p,3p,4p. Bidder 3 places bids on 6p,7p. The auction ends. 1p,2p,3p are not unique as each has 2 bids. 6p,7p are unique but not the lowest.
Bidder 2 wins the auction with 4p, the lowest bid and unique. Bidder 2 can buy the product for 4p.
What happens if there is no lowest unique bid?
If there is no lowest unique bid, the next lowest unique bid would be the number with the least amount of bids and the winner of the reverse auction would be the person who placed the first bid at that amount. There will always be a winner in our reverse auctions
For more information on Lowest Unique Bid Auctions, please visit http://www.prizebid.co.uk
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