Hi there ,i spent a few weeks watching swoopo carefully ,the prices are good but only if you actually win the item ,at 50p a bid they certainly get their money for the items , 10 bids which in their penny auctions would raise the price of the item by 10p ,actually nets swoopo £5 ,so if you look at the bid history ,in many cases they are taking a lot more money in bids than the item would actually cost . Example , a penny auction for a 40inch tv ,if the bidding is at £30 then there have been 3000 bids to get it to that price and at 50p per bid ,thats £1500 they have taken in ,so the only person who gets a bargain is the lucky one who actually wins the auction .
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