CigarSniper Beta is open to all this weekend

[big a]

Originally Posted by Bageland2000

I don't understand why people jump to defend retailers that partake in this type of thing. I clearly understand that an intelligent person can utilize this service without much risk and can walk away without really any loss. The point is though is that they're trying to avoid talking about the fact that many people will "lose $100 before they see the light." Not because they're motivated by greed or avarice. They'll lose it because they didn't understand going into the auction how much money they stood to loose. Call them stupid if you will, I say that the rules of the penny auction game are rigged to take people's money away before they realize what they are getting themselves into. Call it cigar gambling and I'll hush up, call it anything else (an AUCTION? No.) and you're exploiting people by taking their hard earned money and giving them NOTHING.

First off, all the posts are making me confused. I have used Famous lots of times and still plan to do so. I am not on any sides and not trying to get caught up in the middles of this just trying to understand.

As Scott said, it does not appear that this site is set up to be the scam that other penny auction sites are. If you spend $60 in bids and don't win than the $60 of bids you spent can still go toward the buy it now price after the "auction" is over. Its not as though the $ spend on bids just goes to site and the bidder gets nothing. If this is incorrect that I appologize but that is my understadning from the above posts.

I am missing why this is so bad for the bidders? Yea you might have to pay MSRP or whatever the buy it now price is, but i can't tell you how many items on Cbid I see go for more than MSRP.