Reverse Auction Games !!

Reverse auctions are funny things. One of the more interesting auctions I have seen is that held by bid4prizes, where Free Gifts are given everyday!

Apparently each day they give away prizes to the lowest unique bid. Its best to watch the youtube instructions on the site itself =) Imagine it like ebay, but with the lowest UNIQUE bid as the winner.

Note that the winning bid must be both the lowest bid and it must be unique! Everyday a prize is given, and the winner of that prize has an opportunity to take part in a sweepstakes. The prizes range from Apple I-Phone’s, HDTV’s, Designer Bags, SCION XB’s to Cash Prizes.The best part, you pick your prize! =) and no you do not have to pay what you bid (its a game).

So whats the catch? From the looks for it, the revenue structure would seem to be advertising, maybe the SMS and premium membership. So it is "free". ANYONE with a handphone can take part, makes it really easy to play =) all you need to do is to take part =)

Go check it out now!