From WikiAnswers "is Beezid lagit?":
Its not a scam. They make a ton of money off of you in a selling platform that is similar to gambling. If you follow through, you will make a great deal on many items, more likely the more expensive items. Bids cost a dollar and prices go up by pennys. Be aware of how much the item is worth first and then make a good decision to bid. If you are bidding on a 100 dollar gift card, dont bid more than a 100 times for the item. 100 bids is equal to a 1.00 price displayed. So if an item says its going for 12.17, over 1200 bids have been placed by people on that item. 1,217 bids means beezid has made 1,217 dollars off the item.
Thats a very high profit model making the creators geniuses. A lot of people lose cuz they dont understand the model. Remember to think a first bid thoroughly before preceeding and if you are bidding on something, you should be willing to go all the way. Again, dont compare bid price to actual price, its the number of bids to be placed and be sure to wait until the final moments of an item before bidding. Its like an auction where if someone places a bid, the time goes up a bit as it continuously counts down.
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