It’s actually been tested and proven before that it is absolutely a scam and you are in fact bidding against bots and the sight itself and it will constantly reset at one second or two and they actually never end they always stay running
Honestly you would be better off picking up literally any other addiction and hobby. Just the time wasted alone is worth just buying the item full price at Best Buy and then doing sometime actually fun and interesting besides getting scammed
What really wouldn't surprise me, is if DealDash only exists on a server - as in whoever set it up likely doesn't even have an office (probably just a PO Box for business purposes) and absolutely definitely doesn't have a warehouse or ANY stock whatsoever. Nobody has actually won a damn thing except MAYBE those gift cards which they probably just buy from their local supermarket.
They just order it and ship it to the winners house. DealDash makes atleast 10x the rrp profit on every item so there is no need to not ship the product.
@@GabeTheGabrielYep. Just like a casino. Same as people that think a casino is scamming or cheating their players, they don’t need to. Why would they risk their profits trying to “rig” a slot machine or card game against you instead of just letting the statistics do the work for them and make them millions.
@@linnoff What? Why would they need to use stolen gift cards? They don’t let you win the gift cards unless you’ve already given them 10x the value of the gift card. Also, scammers have systems to convert the gift card balance to cash.
but, even if there was, Deal dash would be skirting that. You are paying for bids. Only so much is being paid for the product. Also, if you win, you are getting those bids back, so technically you can't even add that in. Getting the bids back also makes the numbers look a lot better "I bought a new car for $20k...I got all of my bids back that I paid for, so technically that's all I paid" If they didn't give the bids back to the winner then the claim would be false.
Lmao when Ken straight up like “I can’t stop whenever I want” that exactly what I say when watching this channel. Getting sucked in to each video, love the channel and content
thats on top of the existing ebay issue, when everyone is using a bidding buddy that bids for you, whats the point of even doing the auction then? Like i recently bought a brand new coleman 4 person tent recently on ebay. It was like a 160 dollar tent for like 60 bucks buy it now. Why would i risk engaging in an auction for it, where i know everyone is just picking an arbitrary number cheaper than the shelf price by like 20, 30 bucks or whatever and auto bidding? it defeats the whole idea of an auction.
This absolutely should be criminalised. If you make a bid and it’s not the winning bid then you shouldn’t forfeit the bid. Imagine going to Sotheby’s and you bid $1m for the Mona Lisa and you don’t win should be out $1m?
even as a kid... I saw the bids on eBay and I thought... no way I rather make sure I'm gonna have it. I never! gamble like this. it's soo stupid... stay away from scams guys... gambling is very bad for your health
@@unkown34x33scams and gambling are two different things. And gambling isn’t bad for you necessarily, you just need to have the correct mind set: don’t go in expecting to make money. If you go in expecting to walk out with statistically 20% less than you came in with then you’re pretty much just paying to play some games… which is a pretty normal thing to do. Every now and then you’ll win a lot and every now and then you’ll lose a lot… assuming you’re playing games of chance at least. Games of skill you shouldn’t play unless you either really know what you’re doing or you have some cash burning a hole in your pocket… in the latter case; find a nice charity or something.
Law enforcement agencies really need to crack down harder on scams like these. People can be very susceptible to being robbed blind online, and it's too easy for predatory companies like Dealdash to target vulnerable people.
I had a friend that was super into this years ago. Telling me he had bought stuff for super cheap, then the more I asked I realized he had WAY overpaid for everything he got even though the “final price” was an AMaZiNG DeAL! Then realizing that the company not only sold the item for over MSRP to one person but also had a bunch of other people pay close to MSRP and get nothing. It’s really gross. When you crunch the numbers these companies make thousands of dollars off selling a single item worth hundreds.
since they are charging everyone, its amazing they dont get smart and make sure the winner really does pay less. Of course, most of "everyone" is just a bot, so thats why - they dont nee to get smart, the scam is what it is.
Thank you for making this video. I yell back at the commercials every time I see that the thing is a scam. I always knew it was bad, but damn, this is worse than I ever could have imagined.
Great vid, I feel like it's less of a scam and definitely more predatory. It takes just 2 people to get into a "bidding war"...where someone will lose by pennies and the winner over pays. You know that fella Darwi.... never mind. Stay fit!🥂
Back during the penny auction craze. lol. I remember some of the owners used to use the sock puppets to a large degree to reply to bad press of how they won some great deals and the site was awesome. The name was QuiBids and you can find all sorts of legal things going on with that...😄
Happy bid day i believe. I remember falling for this as a dumb 13 year old. Crazy how easy it was to create an account, load money, and start bidding as a 13 YEAR OLD!
There were a bunch of these around 15 years ago. QuiBids was one. They were called "penny auctions" cuz each bid would increase the "price" by $0.01 (even tho they cost up to $1). I’m surprised they’re still even legal. They’re somewhere between gambling & a full-on scam.
I used to bid on this site for laughs. One trick is if you use the bid buddy, it repeats the same cycle of people. So wait for it to widdle down to two or three of the same people repeatedly bidding and then jump in, that way they’re already wasted most of their bids and you’re basically sniping (downside is that a lot of people do it so it just comes down to luck or who has more bids)
Basically, you buy auto bids. Those bids increase the price of the item by 1 cent. Other people put in their bids. When the auction ends, that's the items price. If you didn't win, you lose those bids, deal dash has made it's money, and fuck you buddy. If you win, you've got your bids back only to lose it on something else. They're banking on you buying bids to win an item, if you lose, they win. If you win, you now spent like 100 dollars to pay the final price of the item. They won on everyone and may have taken a very slight loss on you. Implying the item stayed below msrp that it.
It's because they are hooking people into auction gambling and making money hand over fist! Imagine a $250 retail item that 100 people spend $100 bidding on, and it sells for $101. Dealdash just made $10,101 on an item that cost them $200 or less. Can't beat that margin.
It's not surprising they're still in business, their company is a cash cow. it's more surprising that no one has fully tried to take down the company for bad business practices.
Honestly, I’m not sure what’s surprising. I bet you this company makes so much money and in comparison to somewhere like Best Buy they don’t have to sell 10,000 Nintendo switches to make 10,000 Nintendo switches worth of a margin. All they have to do is sell one Nintendo switch and have 1000 different people bidding on it for three days. And in the end, they only sell one switch and make God knows how much money 💀
I looked at one of these when they first came out years ago, and the only person who gets a good deal is the winner. And the only reason they get that deal is because all the other bidders are also paying for the item in a pool, they just don't get a anything in return.
I remember looking into it when I was a teen I thought deal dash was like ebay then I looked it up and my instant response was "why would I pay to bid?" Then I went back to eBay 😂
It's even deeper than this video shows. They would have made tens of thousands of dollars off that one Switch. Even if we know for sure, they shipped it to a real person. Austin spent 400$, meaning every other bidder except one, which also spent between 0 and 400$, didn't win a Switch and the auction wasn't even over yet. It's a complete scam.
@@jsteezy80 Of course you can snipe it. You can snipe it 1000 times and not win it, though. Let's do the math here: Just for this let's say the Switch finally ended at $300.00, which means that there were 30,000 bids placed on it. Every bid is 12-13 cents (that's what Austin said, let's go with 12 cents here). The overall bids placed on that Switch therefore cost $3,600. The winning bidder gets their bids back, so let's say they get bids worth around $400 back. So the net ammount DealDash made from that one Switch is $3,200 in bids, that's also the ammount of money the bidders that didn't win the auction lost. Then of course the winner also has to pay the $300 for the Switch, which is $55 over what it's worth and I'm pretty sure DealDash also buys these products wholesale, so they're not paying MSRP. So they also make money with the Switch. The higher value the item is and the longer the auction goes, the more money DealDash makes. So I am pretty sure they'd be happy if you go in last minute and try to snipe it, starting a bidding war with another bidder. This also does not include them using bots to reach break-even prices or something like that (having a bot bid until they break even or make x ammount of money on an item, I'm not saying that's what they're doing, but it's not like anybody could prove that).
@@jsteezy80 I would assume you have to jump in when the auction starts. Either way though, once the bid gets near msrp, the people that weren't there from the beginning aren't out much and have no reason to keep bidding. If you lost $10 in bids, why pay more than msrp to try to get those bids back
@jsteezy80 sorry for the late reply. Yes, you can, but everyone will try to do that. They use a 10-second timer to greatly limit the snipping as there will always be less than 10 seconds to bid each bid. So odds off sniping with 1 bid is near 0.
It's very suspicious that most "people" on the site have a default profile picture. Either they're bots, or the user base doesn't know how to upload a profile picture.
@@xXVibrantSnowXx then use a random picture? I am anonymous and I also have a profile picture. It just seems weird majority of people don't have a profile picture.
I've heard that some of the deal dash employees have it set it for them to win so none of the actual customers win the high priced items. Sorta like record company employees buying up all the cds of an album at the music store and then saying "WOW people love our artist, all their albums sold out!"
I remember pulling up the website myself because I was wondering if the commercials could be true, i immediately left the site as soon as they wanted my credit card info just to look at listings. Im glad I made that decision after watching this video
I think the good deals can be legit, but they are probably a lot more rare than the percentage indicates. I'd bet, no pun intended, that the 50 cent PlayStation was due to an error in the system and they had to let it be sold for under a dollar (says winner bid 2 times). The 50% of winners save 90% claim is probably due to including like what he actually did win, a gift card and other cheap items. People probably don't bid on a $10 gift card if they see bids have it up to more than a few bucks, so those probably sell cheap fairly often. So you can probably win a few gift cards for quite cheap, but the odds of winning a laptop or Switch for cheap is very unlikely.
I already know this site makes 10-20x the amount of the product, what I don’t get it why do people bid early. Why not wait until 90% of people don’t want to bid any more. Pretty sure you can catch the pattern of how long a certain item will take depending on its price. So for example if you found out that a $500 item on average takes 3 days to finish, then start bidding on that last 5-7 hours, and obviously the pattern won’t work on everything but it will work on 60% of them. Just curious if someone out there actually has an algorithm
This video was hilarious, watching him becoming more and more addicted 😂. Really shows you how fast they can get you on the hook, the ending was the icing on the cake for me.
It's insane the ads for deal dash show up on the news channels my dad watches while he believes absolutely everything from the channel. Trusting news that has ads for scams is kinda stupid.
I won a Xbox series 1 some years ago and it turns out that this stuff is actually overstocked price because when I got it it actually came from Walmart for the price that I bidded it at
No, it's literally just gambling. Every item is its own lottery. Every bid is a lottery ticket. Once you buy a ticket, the money is gone and you just hope that you win.
Back in the early 2010s, these websites weren't really a scam. My dad did very well on these sites(beezid, bid cactus, etc) there was like 20 different sites my dad used and for like 2 years it was basically like he had a 2nd job winning then selling on ebay. He legit got a starwars edition xbox 360 for a penny ( a bid was like .10 cents). Those were definitely some of my best childhood memories. He had a cobinet in his office filled with ipods, iphones, beats, gaming consoles, gold, basically if it was something he could bid on he would try to win it. The reason he ended up quiting was the sites started putting bots on items to raise the price until they could make money on it.
@@austin_boos it could be. Like the amount of people that are gullible or blind for MLM, shows me that he just told himself he got it for cheap, as the amount he lost is unknown. I mean even the amount won is unknown to us.
Wait, they're still around? This type of scam was going around at least 15 years ago. Back then it was known in Germany as "DealStreet" (2009), later they used names like "QuiBids" (2013), "Oopad" (2013), "wellbid" (2014) or "MadBid" (2015). Then they seem to have stopped operating in Germany.
well... Austin became a gambler for the good of us not getting scammed! well done Austin :)) you endured the worst of the casino.... also ken lol just watching XD
ok, but why not go out of your way to win? because it seems like it’s just a “whoever had more bids, wins” competition, and since you get your bids back, does it mean you just win every single time? like we still don’t know how many it would take to win?
i could absolutely tell just by those tv commercials at 2AM, that dealdash is bullshit. remember the golden rule kids, if it seems too good to be true, it is. unless its a micro center deal. but thats the one exception.
Has anyone actually won a name brand item on here? They have premium items on the auction but I’ve never heard of the brand. And when I looked up the brand they all have generic websites with outrageous prices for cheaply made items. Doing further research I found out that these expensive premium items they have on auction, with brands I’ve never heard of, are actually owned by the same company that owns deal dash. I’ve actually won one of these premium no name auctions, and the quality of the item was trashed. It would portray the item as a quality premium item and compare it to a well known brand, but the item you receive is total garbage
There's a well known thing called a "dollar auction". The setup involves an auctioneer who volunteers to auction off a dollar bill with the following rule: the bill goes to the winner; however, the second-highest bidder also loses the amount that they bid. Bidding starts at 5 cents. So of course player A bids 5 cents; if no one else bids, they just got 95 cents for free! Then player B bids 10 cents. Now A will be out money if they stop, so they keep bidding. Soon enough, the price gets to 95 cents. And the other player can either stop and lose 90 cents, or keep going for net zero gain. Then the next person will lose 95 cents if they stop, but only lose 5 cents if they bet $1.05 for the dollar... So they keep going. And rationally, the price can go up forever. The auctioneer is the only winner. DealDash looked at the dollar auction and said "Great! Let's do that! But we'll make everyone pay their losing bids, not just second place. And we'll also charge you for the privilege of making bids at all, so that even the winner gets their money permanently tied up in our fake currency."
It is clearly predatory and should absolutely be outlawed. Scummy business. You could also argue that it targets vulnerable elderly and maybe even young teens.
I can't remember which site I looked into years ago, but the moment i saw both the price of bids and the number of bids on just any random items. These immediately skyrocketed past any "spend 50 dollars to get an entry, only 1000 entries, win a car" in my eyes as gambling with extra steps. Keying into just how much this appeals to the older crowd is how similar it is to buying entries into a bingo hall. It's a dollar a board for three rounds. As many boards as you can keep up with. Sure you may get lucky with your one board in the first round but more often than not you're 30 rounds in fighting off Carla clacking off 8 boards like she used to do pro starcraft. As long as everyone is above board, these kind of operations can work just fine. Charity church penny auctions and what not where you can see everyone and you know that only so much can be spent. But we all should know that there's too many places to hide and the website holds all the cards.
If a bid costs .20 and each bid only make the price go up by .01, that means for each dollar the item goes up, it cost $20 to get it there. Theoretically someone could use one bid and win an item for $200 that’s worth $500, but the hive of bidders spent $4,000 to get it to $200. So someone can get lucky… but typically the people who win (huge asterisk) probably spent a lot more in bids over the course of many auctions than they would ever save using this method
Basically, you are gambling. You are buying a raffle ticket for an item, and they require you to pay actual money for said raffle tickets. The more raffle tickets you buy, the more likely you are to win the item, but if you dont bid enough, you lose all the money you spent on your raffle tickets. The company makes money off of this. Because they can acually sell you a $1000 apple computer for $200. if you have a 1000 people bidding on it and they're each paying $5 per raffle ticket. They just made $5000 for a $1000 computer.
Definitely predatory if you're getting people to gamble their money without even realizing it ("Get your bids back if you lose") and probably abusing a bunch of loopholes to not be considered 'gambling' administratively, ducking any oversight to ensure the customers aren't preyed upon.
These commerals came to prominence when I was a young kid, and even then, it was obvious to me that there was going to be a catch. To afford to keep afloat AND pay for boatloads of tv commercials, they have to be making tons of money somewhere!
