Telebid

http://www.telebid.com

Does any1 use this and if so how safe is it and how exactly does it work... seems really dodgy =/

It costs 50p per bid, and every time someone bids, the price goes up by 7p.

Say 1,000 people bid for it, it sells for £70, and they make £500 off people trying to get a PS3.

Also, if someone bids in the last 15 seconds, the timer is reset to 15 seconds, goes on for ages.
 
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