Unless you have been living under a rock someplace you have surely seen several of the bid or penny auction websites ads that are almost everywhere online right now. You're know the ads that say you could receive an ipad or some other very hot device at 98% discount or something similar. These web sites happen to be gaining interest everyday and in all probability will not be going anywhere for a while. Brand new ones are cropping up all the time and some have gotten quite big according to their quantity of visits and customers. These bid auction sites are different from eBay where the bidder enters the maximum they are prepared to pay for a product. Typically, a number of bids are purchased before taking part in any auctions. In these auctions, the cost of the item increases a penny or some other small increment anytime someone bids. When the auction time period is almost over the clock will reset some extra time each time there's a bid placed to allow someone else to bid. This is also different than eBay where people try to bid with just a few seconds left to try and win the auction. If you are the last one to bid on an item when the clock runs out, you might just bring home a good deal. This gives a thrilling challenge to the bidder and can be very entertaining as well as just a little addicting for many people. Unquestionably the favorite items are electronics such as flat screen Television's, personal computers, game consoles not to mention every Apple product. Truth be told, customers are buying popular goods at discounted prices on these sites in addition to being entertained during the process. This sounds terrific but comes with a word of caution. You will find complaints from people who payed out more for an item than they would have bought it brand new for, but this is usually resulting from someone that did not take the trouble to find out the rules of the auction site before they started bidding. It is wise to start with a small item to bid on at first to familiarize yourself with the particular websites auction procedure because you can find yourself spending a lot on bids and not winning anything. Several of the larger and better sites, for example Quibids, allows you to buy the product at retail price with the cost of the bids you spent going towards the purchase price. This in effect, will keep you from losing anything and you already wanted to buy the item so zero harm done and it was more enjoyable than driving to an outlet store somewhere and buying it. The most effective idea is to observe for some time and you will discover how the bidding proceeds and you will probably discover that some times of day are better than others for winning. The bottom line is that with a little patience, practice and strategy you can get popular items at good prices and have a really good time doing it.