I'm driving home from NOLA today and I hear an add for beezid.com where you can get things dirt cheap. I went over there and they have a 40" LED that sold for $30.35

Anyone familiar enough to know the catch here?

Here's a list of all the closed auctions where you can see the sales prices for things.

You have to pay money for each bid.

That's the only catch? so the TV isn't like a build your own, or a refurb or anything like that?

That is wild! Ipods selling for a quarter? Computer speakers selling for less then a can of soda?

What da..........?

heres how it works:

you gotta pay for your bids...say 50 bids for $75 bucks...and you can use these bids against any item up for bid on the site...each time somebody bids it raises the price of the item by a penny

bidding on an item also resets the "tick time," which is a countdown from a predetermined amount of time to 0...if you are the winning bid when the clock hits 0 you win the item

these sites are basically a scam, as your odds of winning are extremely slim...the only good thing is that new variations are coming out every day - so if you can find a relatively new site with a low volume of traffic, you might be able to snag something

also be carfeful as a lot of these sites have bots that go around and randomly bid on items to jack the price up (think about it...if an item sells for $40, the company gets roughly $1 for every cent of that $40 - not to mention the other money spent on a bid pack not used on that item)\

one of the first sites that most people base their own off of is bidstick.com...i tried it out on that site and wasted $20 bucks...people from all over the world can bid on most of these sites so there is really no "down time"

Thanks, balk14.

I'll stick to woot.com

^ good idea