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Sorry but it is dodgy, totally! If swoopo were clear to all that bid that the actual chances of winning a bid are x in 1 IRRESPECTIVE of the amount lost during the bidding process then I am sure many would turn away and spend their money elsewhere!
It is gambling. Nothing more, nothing less! I lost twenty pound, do I gamble more to try a recoup ...
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I find the activity on swoopo.co.uk no different to that of a gambling website. I gambled £25 and won nothing. Of the three auctions I took part in, the timer and bid button locked at just 5 seconds to go on two of them. I could not put in any further bids. I contacted swoopo and they obviously didn't blame any of their apparatus, they ...