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

Dubli’s "Xpress" Reverse Auction Explained

Dubli Xpress is a variation on a reverse auction.  All products show an initial sales price that is among the lowest, if not the lowest to be found online.  That’s the product’s starting price.  The actual current price is hidden until one decides to check the price by using a Dubli credit (value: 80 cents US).  With each use of a Dubli credit, the sales price will decrease by 25 cents US.  Therefore the current sales price will always be lower than the starting sales price.  Very often it will be significantly lower.  If someone uses a Dubli credit at Dubli.com for looking at the current sales price of an Xpress product, three things will happen: the current sales price will be decreased by 25 cents; after this the current sales price will be displayed Immediately one receives the opportunity to purchase the product with its indicated sales price. If one hesitates for too long someone else may just snatch it away for an even lower sales price.  The more people on the Dubli network and the more interest in a particular product the faster is the bidding and the faster the price drops. After the product is sold Dubli delivers the product directly from its warehouse so there are not bottle necks in the delivery. For more details please click HERE. Following is a video on how the DubLi Xpress Auction works.