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.
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.
Best content you've ever created!!! This should be posted world wide as a PSA! Good job Austin! Gotta give you your props on this one brother. I've seen the commercials for this on TV like so many others and every time I see the "I won a PS5 for $0.50" I say, "No, you didn't!" But after this video, now I know why I was right! Thank you for taking one for the team! Good work! Now, I just hope more people see this and quit "feeding the machine!" We can only hope!
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.
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.
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
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.
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!🥂
Its predatory AF. I even gave up on ebay cause 90% of the time other users are so sucked into the concept of "adding a little bit more and its mine" they vastly outbid buy it options. Plus the notion of buying bids locks money into the platform. Also adding a separation layer between the 1c bid and the real money you paid to have it.
They also make it look like you’ll be linking your PayPal, but then it charges a ton of money right away. It happened to me. I’ll be disputing those charges tomorrow morning, but what a pain.
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 $200 or less. Can't beat that margin.
It's not surprising they're still in business, their company is a cash cow. it's more surprising that no one has fully tried to take down the company for bad business practices.
Honestly, I’m not sure what’s surprising. I bet you this company makes so much money and in comparison to somewhere like Best Buy they don’t have to sell 10,000 Nintendo switches to make 10,000 Nintendo switches worth of a margin. All they have to do is sell one Nintendo switch and have 1000 different people bidding on it for three days. And in the end, they only sell one switch and make God knows how much money 💀
Lmao when Ken straight up like “I can’t stop whenever I want” that exactly what I say when watching this channel. Getting sucked in to each video, love the channel and content
I've heard that some of the deal dash employees have it set it for them to win so none of the actual customers win the high priced items. Sorta like record company employees buying up all the cds of an album at the music store and then saying "WOW people love our artist, all their albums sold out!"
It's even deeper than this video shows. They would have made tens of thousands of dollars off that one Switch. Even if we know for sure, they shipped it to a real person. Austin spent 400$, 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.
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)
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.
As far as bidbots go - if it were me, I would absolutely employ them via an algorithm that calculates the total sunk cost from user bids it would take to equal the actual price of the item, and not allow the auction to close before that point. For example, assume an auctioned item normally costs $500 at a typical retail store (e.g. a gaming console). If the cost to purchase bids is about 8 per dollar (at one point in the video he mentions buying them for 12 or 13 cents each), $500 is the equivalent of 4000 bids. However, 4000 bids at a penny each would only bring the winning price up to $40 for that $500 item. So if the bot can calculate in real time how many user bids are being placed for the item and continue to bid until the auction reaches at least that threshold, DealDash wins no matter what. And since bids are essentially gift cards in that the company makes the money up front for the purchase, they don’t really care about giving the winner back their bids because a. it contributes to the gambling culture, and b. the user is presumably going to lose an auction at some point and lose those bids (or quit or forget about them - in every case it’s money for nothing).
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 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.
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.
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.
you may not have won anything BUT... this is ABSOLUTELY ONE OF YOU BEST VIDEO'S! i LOVE IT when these SCAMS gets CALLED OUT! on a HUGE PLATFORM! THANK YOU AUSTIN your money was not wasted!
I remember checking the website out a few yrs back and said this is a scam. You buy bids and then the countdown is reset whenever someone bids. Ridiculous for an auction
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.
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?
Another intentional side-effect of how DealDash does pricing is tricking your price tracker browser extensions into thinking it's a good deal ("You have the best price" @ 3:02)
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.
Honestly the best way to do deal dash is to enter an auction before the new bidder limit has reached and then check periodically to where you believe the final price will be and then start bidding
The slogan of "fair and honest auctions", is the most dishonest thing this website has itself and a giant RED FLAG to just close that window and never go to that site ever again.
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.
These scams have been going on for at *least* 10 years, that I can remember. The fact that no one seems to care about fixing it and actively allows it (by allowing the companies to advertise on TV) shows that corporations are just fine with scamming consumers.. as long as they get a cut of the sweet scam money.
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.
But the commercial says it's the only fair bidding site. The way I look at it, even if you only pay $19 for a PS5, someone's getting cheated, so it's inherently unfair in that example.
Around 05 there were a few legitimate penny auction sites where you didn’t have to buy bids and you could get some good deals but those sites are long gone
OMG, totally forgot about Dealdash. I used to do it 12-13 years ago. Figured out quickly how it worked. Never EVER go for anything near a big ticket item. Small stuff however, was another story. Best way to go about it was find the 80 bid auctions, because they'd usually "sell" for 69 cents to a dollar, and you could usually use around 10 bids to get them. Then you'd use those bids to get the 10 - 20 dollar gift cards for Cracker Barrell or Dominos. Those would never usually go for more than 2 dollars purchase price, so you'd spend about maybe 3 dollars to get a 10 - 20 dollar gift card. Never use auto-bid either unless you are pretty sure it's at 'the end' of the auction. Early morning EST was a pretty good time of day .. I did it before heading to class. At some point I got bored, but until then my friends and I ate fairly well for cheap .. at Cracker Barrel and Dominos!
Its wild to actually participate in a auction where if you bid the money is actually gone no matter if you loose or win. That should actually be criminal. Just go to a actual auction.thats insane
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.
"I won this laptop for ONLY $16."
How much did you spend on bids?
"...........$12,000."
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
@@slowlanegamergambling is more effective than dealdash 😭
Considering you get your bids back it sounds good, but think of other people who spent $11k, and didn't win that laptop 💀
$16 is 1,600 cents or 1,600 bids, so even if half of the bids are yours, thats 800 bids. $12,000 divided by 800 bids equals $15 per bid.
@@slowlanegamerat least if you know some gambling games like blackjack well you can make money. This is just luck of the draw.
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.
I'd bet 1 million bids that the gift cards they have are just codes scammers got from all those different gift card scams.
@@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.
@@Mouthwashhdid you not watch the video? They give gift cards basically for free to hook new players. Austin won a $10 gift card for 1 bid.
"i won this ipad for 43 cents!"
not pictured: 7,000 people who lost 42 cents
It costs $5-$8.60 to bid 43 cents when you use this... they all lost up to $9 so even 7 people the company would make bank
Each 20 cent bid counts towards 1 cent added to the price but I have to spend hundreds for the bids themselves
Now multiply 7000x42 and see how much money they made 💀
This should be illegal. 😮
@@16driver16whaaaaaat no way
Bid for more bids.... What the actual hell? Site is 99% botted..
Short version - absolutely a SCAM
W
This
It's really not, I got a 10 Walmart gift card for $0.01
Long version - absolutely a SCAAAAAAAAAAAAAAAAAAAM
Google search in first few minute of this video said so.
Insane scam, I really don't understand how it's even legal. There should be a law to cap the amount someone pays for something above retail value.
ever been to rent a center ?
Good thing you aren't in charge of fiscal policy.
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.
Surprise, it's not! There's a reason they dont' have actual offices and servers in places where they can be arrested!
Sounds like socialism. Just don't be stupid?
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.
This is basically just gambling with extra steps
Nope just straight gambling
Ooo la la, someone's gonna get laid in college.
I would say worse. No regulation. House always wins no matter what.
You have a higher chance of winning at gambling.
Rick and Morty
Best content you've ever created!!! This should be posted world wide as a PSA! Good job Austin! Gotta give you your props on this one brother. I've seen the commercials for this on TV like so many others and every time I see the "I won a PS5 for $0.50" I say, "No, you didn't!" But after this video, now I know why I was right! Thank you for taking one for the team! Good work! Now, I just hope more people see this and quit "feeding the machine!" We can only hope!
The worst part of deal dash is that most if not all of the bidders are actually bots programmed to bid a cent every time the timer hits 0
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.
Say you didnt watch the video without saying it
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.
What you're doing is walking into a shop, giving them $100 for the opportunity to buy an item. SCAM SCAM SCAM
yup its absolutely a scam since there isnt transparency
They’re selling the experience/sale not the product.
Nope, more like you're giving them $100 for the opportunity to walk into the shop, let alone the opportunity to "buy" a item.
That's just Costco!!
@@ArsonRabootnot Costco, shoe conventions
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 $200. So someone can get lucky… but typically the people who win (huge asterisk) probably spent a lot more in bids over the course of many auctions than they would ever save using this method
crazy that everyone is paying for the item but only one person gets to own it.
crazy that people fall for it
It’s like reverse group buy
even as a kid... I saw the bids on eBay and I thought... no way I rather make sure I'm gonna have it. I never! gamble like this. it's soo stupid... stay away from scams guys... gambling is very bad for your health
@@unkown34x33scams and gambling are two different things. And gambling isn’t bad for you necessarily, you just need to have the correct mind set: don’t go in expecting to make money. If you go in expecting to walk out with statistically 20% less than you came in with then you’re pretty much just paying to play some games… which is a pretty normal thing to do.
Every now and then you’ll win a lot and every now and then you’ll lose a lot… assuming you’re playing games of chance at least. Games of skill you shouldn’t play unless you either really know what you’re doing or you have some cash burning a hole in your pocket… in the latter case; find a nice charity or something.
Nope, everyone is paying for a chance to buy the item.
OMG! That commercial was phenomenal! Austin's got some acting talents.
This scam has long been known in Europe. In some countries, it is banned by law. In such auctions, seller bots win.
I have won over 300$ in items for 20$ total lol I saved a lot
@@lilb808 NFT icon, this dude is a pro at falling for scams
@@lilb808cap. Prove it.
Liar!!!! You work for Deal Dash
@@yc6683 bro has a nft profile picture, he isn't fooling anyone😂😂😂
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!🥂
Dealdash is what you get when eBay, Ubisoft, and EA have a baby
Don’t forget Epic Games!
Its predatory AF. I even gave up on ebay cause 90% of the time other users are so sucked into the concept of "adding a little bit more and its mine" they vastly outbid buy it options.
Plus the notion of buying bids locks money into the platform. Also adding a separation layer between the 1c bid and the real money you paid to have it.
When I saw the website I knew this has to be a scam
When I seen I got a ps5 for 50 cents I knew this was a scam
They also make it look like you’ll be linking your PayPal, but then it charges a ton of money right away. It happened to me. I’ll be disputing those charges tomorrow morning, but what a pain.
I remember seeing their ads YEARS ago I’m honestly surprised they’re actually still in business
Same I remember seeing these commercials as kid back in like 2011
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 $200 or less. Can't beat that margin.
It's not surprising they're still in business, their company is a cash cow. it's more surprising that no one has fully tried to take down the company for bad business practices.
@@nickdiaz6766 anytime you hear about old people getting scammed or spending all their money, this is where it goes.
Honestly, I’m not sure what’s surprising. I bet you this company makes so much money and in comparison to somewhere like Best Buy they don’t have to sell 10,000 Nintendo switches to make 10,000 Nintendo switches worth of a margin. All they have to do is sell one Nintendo switch and have 1000 different people bidding on it for three days. And in the end, they only sell one switch and make God knows how much money 💀
I remember these commercials as a kid and even then i knew it was scam
Lmao when Ken straight up like “I can’t stop whenever I want” that exactly what I say when watching this channel. Getting sucked in to each video, love the channel and content
Haha 😂
Finally! An honest review of a site I have been wondering about for EVER!!! THANK YOU AUSTIN! YOU ROCK!!!!!!!!
I've heard that some of the deal dash employees have it set it for them to win so none of the actual customers win the high priced items. Sorta like record company employees buying up all the cds of an album at the music store and then saying "WOW people love our artist, all their albums sold out!"
18:16 let’s make sure this is the next commercial that’s on national TV. 😂😂😂🤣🤣
It's even deeper than this video shows. They would have made tens of thousands of dollars off that one Switch. Even if we know for sure, they shipped it to a real person. Austin spent 400$, 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.
I agree it's a scam, but can't you start bidding super late into it? Like to snipe it, or do you have to have a certain amount of bids to win?
@@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.
The biggest issue is you cant even tell if you are going up against bots or not. So the odds they are actually selling ANYTHING are pretty high.
Good point with EBay bidding, I’ve done a few auctions and it’s fun, but at least your not losing money when you lose the auction
It's like scammers from every continent got together and gave life to this digital carnival game.
The "commercial" at the end 🤣
🗣️ USA! USA!!
Lmao fr that was the best part
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)
We already know its a scam they used to own another site called qid bids. Some shit like that 😕 😪
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...😄
Can't remember the name either, but I'm 100% sure they used the same logo font.. edit, was it mad bid?
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.
As far as bidbots go - if it were me, I would absolutely employ them via an algorithm that calculates the total sunk cost from user bids it would take to equal the actual price of the item, and not allow the auction to close before that point.
For example, assume an auctioned item normally costs $500 at a typical retail store (e.g. a gaming console). If the cost to purchase bids is about 8 per dollar (at one point in the video he mentions buying them for 12 or 13 cents each), $500 is the equivalent of 4000 bids. However, 4000 bids at a penny each would only bring the winning price up to $40 for that $500 item. So if the bot can calculate in real time how many user bids are being placed for the item and continue to bid until the auction reaches at least that threshold, DealDash wins no matter what. And since bids are essentially gift cards in that the company makes the money up front for the purchase, they don’t really care about giving the winner back their bids because a. it contributes to the gambling culture, and b. the user is presumably going to lose an auction at some point and lose those bids (or quit or forget about them - in every case it’s money for nothing).
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 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.
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.
I never upload a profile pic on any website don't need it
Also who would put a bio on a site like that
Some people don't upload picture because they want to stay anonymous online, not everyone are into this sort of personal profile pic thing
@@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.
they are soo ashamed that want to stay anonymous. also possibly illegal
Ken's barber needs to be locked up lol
Bro fr he could look so much better with a fresh cut
Wait so if u bid $80 and if you lose, u don’t get the item and you are out of $80?
yep. and you actually dropped $120 on bids, so you still have nods left to lose, so dealdash got $120 out of you no matter what.
@@kittyanyathat is HILARIOUS. And you’re probably not even bidding against actual other people.
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.
Yes lmao
This is why I stay away from bids. I only go for items that I'm guaranteed to get.
you may not have won anything BUT... this is ABSOLUTELY ONE OF YOU BEST VIDEO'S! i LOVE IT when these SCAMS gets CALLED OUT! on a HUGE PLATFORM! THANK YOU AUSTIN your money was not wasted!
that end ad was amazing, Austin must have watched the shopping channel way too much to be so spot on
This was the best episode because Austin's end reaction 😂 🤣 😆 loved it Austin loved it brother.
The reaction to the misleading winning/Level 15 Gains LOL I cam crying laughing.
thank you for your service, Austin. allowing us to skip this scam all together.
Loved the "ad" at the end. Id rather grandma go to the bingo hall once every couple of weeks then get sucked into a site like this.
You could go to bingo every day. And you have a chance of winning.
The commercial at the end…. That was worth it all 😂😂😂 I’m dying 😂😂
What a guy this Austin is. Getting scammed so we don't have to.
I remember checking the website out a few yrs back and said this is a scam. You buy bids and then the countdown is reset whenever someone bids. Ridiculous for an auction
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.
or he had crippling credit card debt he didn't tell you about lol
@@austin_boosthis is what actually happened, dudes dad had a gambling addiction
@@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 so your best childhood memories was about your dad hunched over a computer bidding on penny sites for hours a day?
@@greenboots5823no, you are saying that, are you ok?
The main scam of deal dash is buying the bid packs required to bid that ends up requiring hundreds of bids
I’ve only seen these ads during late night hours 😂
If they stopped calling them 'bids' and started calling them 'raffle tickets', it would be crystal clear.
I always remembered seeing these ads. One of them showed a PS5 that was won for only like $10. This was peak scalp too.
I remember looking this up with my dad about 15 years ago and being shocked at what a transparent scam is was
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?
The intro to the “commercial” at the end is freaking hilarious! 😂 😂😂
90% of gamblers quit before they hit it big
I signed up like 12 years ago when I was young and dumb. Luckily didn’t spend more than about $15 or $20. Until I realized it was a scam.
That whole site “press X for doubt”
I can remember sites like this over 15 years ago, they were a scam then and sadly nothing has changed... 😭
What a scam. It's crazy. I had seen the commercials but always felt weird about them.
Mystery tech where your employees have an unlimited budget seems like a better investment than DealDash.
My head hurts from just hearing bids bids bids
Tried Deal Dash once, got super confused and definitely felt like a scam. NEVER AGAIN.
Also that ending 🤣
This is frightening!!! Thanks for this Video. People need to be aware of this SCAM.
Another intentional side-effect of how DealDash does pricing is tricking your price tracker browser extensions into thinking it's a good deal ("You have the best price" @ 3:02)
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.
Honestly the best way to do deal dash is to enter an auction before the new bidder limit has reached and then check periodically to where you believe the final price will be and then start bidding
There was one like this in the UK a while back and it didn't last long. It's SCARY how many people are using that site.
I'm glad I didn't imagine it.
@@kieronparr3403can't remember what it was called, but it always seemed Skeevy
The slogan of "fair and honest auctions", is the most dishonest thing this website has itself and a giant RED FLAG to just close that window and never go to that site ever again.
The final AD is the best representation of this site lmao 💀
This is the kind of site I pray my mom never finds. Between her shopping problem and her gambling problem she would be broke.
This is HANDS DOWN a gambling version of Ebay
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.
It's gambling as simple as that.
Fun fact this sort of auction is actually banned in many countries , including here in South Africa ...
If it is on an obscure channel, or shit at this point just an ad on cable, its probably a scam lmao.
that was true 30 years ago too, its just even worse now.
Except these were advertising on cable like 15 years ago too. They've been scams since then too
A Con merchant leaves their victim angry, A Con Artist leaves their victim smiling.
The old saying 'If it sounds too good to be true', it isn't true!'
These scams have been going on for at *least* 10 years, that I can remember. The fact that no one seems to care about fixing it and actively allows it (by allowing the companies to advertise on TV) shows that corporations are just fine with scamming consumers.. as long as they get a cut of the sweet scam money.
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.
But the commercial says it's the only fair bidding site. The way I look at it, even if you only pay $19 for a PS5, someone's getting cheated, so it's inherently unfair in that example.
This was thing like 20 years ago, who asked it to be back, it's definitely not scam when they are selling you $6 worth of bids for $78 🤣🤣
Around 05 there were a few legitimate penny auction sites where you didn’t have to buy bids and you could get some good deals but those sites are long gone
I was curious if the boat had sold yet.... NOPE
Your odds of winning in Vegas is mathematically higher than winning a deal dash item 🤣😭
you can win any deal dash item if you are willing to pay above msrp. what are you talking about?
Deal Dash, where you get railed like a bit player in a Ron Jeremy movie
Love how their slogan is "The fair and honest bidding site" lol
Deal dash is a gambling site without actually calling itself a gambling site to get around gambling laws and rules.
I like how you guys put the fine print which actually also protects you lol
Bro I was watching this and got an AliExpress ad 💀
Well that’s at least definitely an upgrade.
I trust Aliexpress more than Deal Dash!
AliExpress is better than wish. i have ordered a few things there, it just takes forever to ship.
OMG, totally forgot about Dealdash. I used to do it 12-13 years ago. Figured out quickly how it worked. Never EVER go for anything near a big ticket item. Small stuff however, was another story.
Best way to go about it was find the 80 bid auctions, because they'd usually "sell" for 69 cents to a dollar, and you could usually use around 10 bids to get them. Then you'd use those bids to get the 10 - 20 dollar gift cards for Cracker Barrell or Dominos. Those would never usually go for more than 2 dollars purchase price, so you'd spend about maybe 3 dollars to get a 10 - 20 dollar gift card. Never use auto-bid either unless you are pretty sure it's at 'the end' of the auction. Early morning EST was a pretty good time of day .. I did it before heading to class. At some point I got bored, but until then my friends and I ate fairly well for cheap .. at Cracker Barrel and Dominos!
If it walks like a duck, talks like a duck, scams like a duck...
DealDash: QUACK.
Its wild to actually participate in a auction where if you bid the money is actually gone no matter if you loose or win. That should actually be criminal. Just go to a actual auction.thats insane
18:15 This is like those ads John Oliver does that tell the truth about a specific topic.
The computer on Wargames has the answer..." The best way to win is not to play."
It’s a competition to see who is the “greater fool.”
austin evans dealdash commercial > deadldash dealdash commercial
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.
The worst part is if you loss the bid you don’t get a refund it says on Google