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motbob
United States12546 Posts
On March 20 2009 07:35 Manit0u wrote:Show nested quote +On March 20 2009 07:25 motbob wrote:
But the "irrational escalation" link, along with the "dollar auction," isn't the same game as Swoopo is. In the "dollar auction" example, both the high bidder and the second highest bidder pay. That was the game tree that we first plotted out in class. It is true that the only way to beat that game is to not take part in it. But, again, Swoopo is not that game.
Oh, really? http://www.metafilter.com/75306/The-Dollar-Auction-and-SwoopoShow nested quote +On March 20 2009 07:25 motbob wrote:
I am surprised that after I posted something that could have been a group effort that would benefit anyone who took part in it, I am now getting accusations that I am pushing the hard work onto other Team Liquid members. That is quite possibly the most insulting thing you could have accused me of. The final project for my class is a group project, so if I were to do this subject, I would have other members of the class to help me.
I did not accuse you of anything, merely asked a question (you never know...). I'm sorry if you took it that way and I apologize.
I probably overreacted. But LOL linking me to a blog post to prove your point. The blog post is wrong.
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On March 20 2009 08:00 Blunderbore wrote:
get a life
im inclined to slightly agree(with the stance, not the meaning..)
congrats on successfully advertising a scam on a popular international website
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What I don't understand is why anyone in their right mind would bid on these items when they are so far off the price they will realisitically go for. There is literally 0 chance that anyone will win the thing so early.
The only strategy that even remotely makes sense is to observe the prices that exact item usually goes for on that site, and start bidding then.
Maybe I just overestimate the reasoning of most people, but it seems like keeping the bids going at the earlier stages would be the biggest problem.
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Jesus, they must make a killing. Especially on those penny auctions - $0.75 for a $0.01 bid on a $1k+ item. Lot of suckers out there...
Here's how to beat the system:
Step 1. Place bid.
Step 2. DDoS site.
Step 3. Profit.
Step 4. Jail.
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motbob
United States12546 Posts
On March 20 2009 08:02 Duke wrote:
congrats on successfully advertising a scam on a popular international website
On March 20 2009 06:02 motbob wrote:There's this site called http://www.swoopo.com that is basically a scam site.
Yeah I sure am advertising that scam site. Gee I don't know how I could have done a better job of advertising this scam site. Hmmm I know, maybe I shouldn't have called it a fucking scam site.
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On March 20 2009 07:41 motbob wrote:
LOL linking me to a blog post to prove your point. The blog post is wrong.
I don't know. It was a link Wikipedia gave me from it's Swoopo entry... Check it yourself here.
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is awesome32278 Posts
On March 20 2009 08:28 R1CH wrote:
Jesus, they must make a killing. Especially on those penny auctions - $0.75 for a $0.01 bid on a $1k+ item. Lot of suckers out there...
Here's how to beat the system:
Step 1. Place bid.
Step 2. DDoS site.
Step 3. Profit.
Step 4. Jail.
loooooooool
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On March 20 2009 08:28 R1CH wrote:
Jesus, they must make a killing. Especially on those penny auctions - $0.75 for a $0.01 bid on a $1k+ item. Lot of suckers out there...
Here's how to beat the system:
Step 1. Place bid.
Step 2. DDoS site.
Step 3. Profit.
Step 4. Jail.
rofl, (can a DDoS shut down a site in the short amount of time before someone else bids though?)
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On March 20 2009 09:39 Abydos1 wrote:Show nested quote +On March 20 2009 08:28 R1CH wrote:
Jesus, they must make a killing. Especially on those penny auctions - $0.75 for a $0.01 bid on a $1k+ item. Lot of suckers out there...
Here's how to beat the system:
Step 1. Place bid.
Step 2. DDoS site.
Step 3. Profit.
Step 4. Jail.
rofl, (can a DDoS shut down a site in the short amount of time before someone else bids though?)
Yes.
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motbob
United States12546 Posts
On March 20 2009 09:31 Manit0u wrote:Show nested quote +On March 20 2009 07:41 motbob wrote:
LOL linking me to a blog post to prove your point. The blog post is wrong. I don't know. It was a link Wikipedia gave me from it's Swoopo entry... Check it yourself here.
The link was in reference to the quote from Wikipedia that Swoopo had taken criticism from various blogs.
I guess it is unfair for me to pooh-pooh your link without explaining why it is wrong. Let me show why it doesn't apply to Swoopo, IMO.
In the Swoopo example, if you try to "snipe" the auction at what you perceive to be the very end, and someone outbids you, whoops, you just lost 75 cents. In the dollar auction example, if you try to snipe the auction and someone outbids you, oshit you just lost the price of the item and get nothing in return. That's why it might be worth it to find really good "snipe spots."
Swoopo is so interesting because there are all these idiots bidding when the price is really low, thinking "gosh I'm gonna get this item for sooo cheap I hope no one is thinking the same way that I am" but of course other idiots come in and outbid them.
The items invariably sell at ~ 1/3 the retail price, from what I've seen, but do those idiots care? No, they think "maybe this time it'll be different."
I'm trying to find a point where, empirically, bidding is not a stupid thing to do 
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if it were me, I'd just write a script to visit all the auctions and collect the data instead of doing it manually, and then I'd do some regression analysis over the data to figure out the optimal strategy
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this site is fucking genius i wish i thought of it
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Don't you guys get it?
This is a scam to see if we would fall for beating another scam by joining this scam. That's the project he's doing.
FUCKING DOLLA DOLLA BILL YALL
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This seems like a really silly idea.
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I have won two 42" tvs and a ds lite on swoopo for $547.55 total.I bid about 15 times on each of the tvs. Got really lucky on the DS and only bid 1 time for $34.45. Ebayed one of the TVs for $750, which was actually pretty damn cheap for the guy who bought it.
Also, if you look at bidding histories you can totally get lucky on big items and get a nice HDTV for under $10.00
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I take it back, there is actually some possibility to the OP's idea. Just saw Prince of Persia (PC) go for 75 cents. True its not that great of a game, but at 75 cents which equals $3.75 in bids and another $.75 for a whopping total of $4.5 dollars profit for the cite, (i assume its a loss) and only $1.5-$3 for a new video game.
If it were possible to find items which also sold at such ridiculously low prices then it could become smart to try to beat the site. Still, these items would often be crap that no one else wants, or not worth it for the amount of man power it would take to analyze the site to find cheap good items that no one else has found. Its not very probably that one could work out a system to beat this site over time. Perhaps one or two items, but more than that is impossible because it counts on the fact that 0 other people will not be awake/looking at site.
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this site fucking sucks. It doesn't even update in real time, i just saw a bid for an apple laptop go down to like 9 seconds and everyone was bissing then all of a sudden it goes up to 59 minutes again lmao. stupid people
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Bosnia-Herzegovina1437 Posts
How exactly are you suppose to beat this? I see now way possible -_-.
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EPT
