Dubli Unique Bid Explained

This auction requires bidders to place bids that are unique. For a bid to win no other bidder can have made a bid for the same amount and it has to be the lowest amount with only one bidder.  Bidders are able to place multiple bids and the number of current bids at each amount is kept secret. Lowest Unique Bid: The bid that is the lowest and unmatched when the auction closes is the winning bid. A Unique bid auction may run as follows: Bid Price         Bids Received .25                   34 .50                   9 .75                   17 1.00                 57 1.25                 35 1.50                 1          Lowest Unique Bid 1.75                 17 2.00                 1          Unique Bid If the auction declares the lowest unique bid as the winner, then the player who submitted a bid of $1.50 would win the auction, and would be eligible to purchase the product or service for $1.50, because their bid was the lowest unique bid. A $1,000 item can be won for pennies this way. However, the true price is more than a penny as in order to place each bid it cost a Dubli credit (currently worth 80 cents). The bids of other participants are necessarily secret.  DubLi, however, will let you know immediately upon placing your bid(s) if it is: Neither unique nor the lowest bid Is unique but not the lowest unique bid Is the lowest unique bid DubLi will also maintain, for you, your bidding history on this particular item.  That way you won't accidentally make the same bid twice. For more details please click HERE.  Completed Unique Bid Auctions

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