How It Works
How It Works
Much like chinese-auctions, all prizes will cost a fixed fee to enter and one lucky participant will win at the end of a pre-determined fixed time. Unlike a regular chinese-auction, the winner will not be picked out of a hat!
The aim of the game is to place the lowest unique bid on the auction. This is defined by being the only person to bid that amount, and that amount being the lowest.
£1.27
£1.27
LOSE
£1.28
LOSE
WIN!
LOSE
£1.31
LOSE
The examples above shows just how it works, as you can see the £1.27 bid is the lowest bid but more than 1 person bid at that value. The £1.28 bid is neither lowest nor unique so that is also not the winner either. The £1.29 bid is only bid by 1 person and is therefore the lowest unique bid and wins the auction!
You will also see that £1.30 is a unique bid, meaning that if £1.29 suddenly got bid by someone else and became non-unique, £1.30 would have taken over as the new lowest unique bid.
Whoever has the lowest unique bid at the end of the auction wins!
When you place a bid you will receive a message regarding the status of your bid.
Lowest unique bid, Unique bid or Not unique bid.
Unique bids still have a chance of winning as long as the auction is in progress.
Only the current winning bidder will know what the lowest unique bid is.
You will receive an email should your lowest unique bid becomes not unique.
Auction Page Guide
On the auction page you will find the following information for each individual prize:
Price per bid (cost)- This is how much each bid will cost! (note there may be discount price for multiple bids)
An auction will end either by Bids remaining or by Time left.
Placing Bids
You must purchase Bids2Help tokens to place all bids. This will require you to register an account. You may use your credit to place bids anywhere across the Bids2Help website.
You may place as many bids as you like on each item. Please note that each individual bid will be charged at the displayed cost. You will only have to pay the amount you bid if you win!
Multi bids - With a Multi Bid you can bid between a range, for example £0.04 and £0.15. If this was a 1 coin per bid, this would use 11 of your coins.
(The "£" sign is already entered for you, so you just have to type the value of your bid. E.g. 0.04 for 4pence, or 1.34 for £1.34.)
Winner
The winner of any auction will be notified by email, and a member of the Bids2Help team will contact you to arrange the prize to be sent to you.