PennyAuctionIntelligence.com Publishes Free Penny auction Statistics

Nov. 26, 2010 - PRLog -- PennyAuctionIntelligence.com officially launched its website today. They continuously publish up to date statistics to help players develop and dramatically improve their penny auction strategies. They focus on providing charts, data and measurements rather than generic advice. The information is freely accessible to anyone who registers. “No matter how hard I searched I found no good information on penny auction strategies. I decided to do my own research and what I came up with was very interesting so I decided to publish it. Anyone, no matter if they are just considering to play or if they are professional players, will avoid costly mistakes by using our data” said Louis-Marius Gendreau, founder of the site.

The site’s owner has developed what he calls the “difficulty index” to assess how hard it is to win a type of auction or auctions for specific items. The higher the index, the more competition there is, which means the auction is more difficult to win. PennyAuctionIntelligence.com also publishes frequency histograms to provide bidders with a global picture of auctions. These charts are very easy to read and give the player a good sense of what to expect going into an auction. “Using single measurements, such as the average, can be very misleading and cause a player to lose a lot of money because they just don’t see the entire picture” declared Gendreau. The owner, who has developed advanced mathematical software in the past, declared “we are very excited, and can’t wait to get feedback from players which we will use to develop new tools and measurements.”

The site launched focusing on four types of analysis for the moment being: measuring various “difficulty indexes”, analyzing bid pack auctions, analyzing the number of bids required to win on different types of auctions, and publishing information on top winners and what they have won. The information is conveyed through simple charts and tables. The later are easy to analyze as they can be instantly sorted and filtered. For example, it’s very easy to focus on iPad auctions even if a table contains hundreds of items. These tools will help penny auction players answer questions such as: when should I start bidding? How many bids should I buy? How many bids should I expect to place on this auction?

“The advice you find on the web is completely useless or dangerously biased. A winning strategy for one player is another player’s failure: it depends on your own situation and objectives. We don’t tell players what to do, we’d rather give them the tools to make their personal and well informed strategy.” concluded Gendreau.

Visit http://pennyauctionintelligence.com for more details!