There are several “pay to bid” auction sites out there these days. What is the best way to score the items on those sites? Here’s a link describing the sort of auction going on at these sites and why it’s a loser for everyone involved but the company running the auction: Also notice that the structure of wins/losses on these auctions are similar to that of a lottery, bingo, or a poker tournament: one person wins and everyone else loses. So why is the payoff so much less for the winner than in a lottery or bingo? Because the company is keeping all the extra money. The odds to win are no better than a lottery but the payoff is WAY less! The risk/reward here is so poor on these auctions you should think twice before participating.