Winner Takes All At Ofetta

Submitted : Oct 25, 2010   Word Count : 502   Popularity: 161

Bid win and be bestowed a windfall. Yes indeed! Only on ofetta.com you have a chance of winning items at 90% off the original prices, and at the same time get a staggering amount of cash. This is what they call winner-takes-all auction.

The rules for emerging a winning bidder in the winner-takes-all auction are the same as any other auction on Ofetta. It’s just that the winning bidder in this auction also gets 80% of cash collected from all bids placed on the item he wins.

You can belong to several other parts of the world to shop at Ofetta. You can bid with your country’s currency. You just got to purchase bids in your currency that is equivalent to £0.5 per bid, and pay the winning bid amount as well as shipping at the GBP sterling rate equivalent to your country’s currency.

Depending on your currency every bid placed on an item increases its price by one penny. At the start of bidding the price of an item is always zero. So however costly is the product you are bidding on, the starting price of that is simply zero. Therefore, theoretically, a very expensive brand new product can be grabbed at even 1 penny.

It is pretty realistic however that you can always end up paying just £10 to grab a £100 product. Now for the winning bid to get to £10, 1000 bids need to be placed on the item (£10/£0.01). Which means at £0.5 per bid cash collected for all bids placed is £500. If you are the winning bidder you get 80% of £500. That will be £400.

Ofetta.com runs the winner-takes-all auction more often than not. It takes care to put up a hotly desired item for this auction so that it attracts many bids. The more the bids placed, the more the cash in the winner’s pocket.

However, Ofetta always wants its customers to bid according to a plan. The Winner-takes-all auction may entice you into using up all your bids. You may end up as a frustrated loser. Ofetta is meant for entertainment shopping, and discourages reckless gambling absolutely. So just make a plan, decide how many bids you will place on the winner-takes-all and how many on other auctions. And just stick to the plan. Do use your loyalty points – you earn loyalty points equal to the cost of bids purchased by you – to buy from the Ofetta Store. Earn free bids by buying in cash from the Ofetta Store. You can also avail of Buy Now instead of bidding at times, to buy an item directly at the Buy Now price minus any bids placed by you.

There are plenty of options at Ofetta, more than any other penny auctions site. Anybody can take back something or rather go offline satisfied from Ofetta.

Log on to ofetta.com.

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Robert Alfred is the contributing writer of Ofetta.com. He is specialized in writing articles about penny auctions .

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