Comment by beaker52

I worked on a penny-bidding site. These guys "auctioned" items like PlayStation, tvs, cars to the user who placed the final bid on an item after 60 seconds of no further bids. Each bid would increase the final price by 1 pence/cent, but each bid would cost 50 pence/cents. You could "win" a $20,000 car for $500.37 and the house would have taken 50,037*50 cents. It might be okay if that was it -- but I was asked to code some "house bidders" who would outbid players until a certain threshold was met. I left that job shortly afterwards.