# WM-auction and the Scandinavian auction: what are the advantages and disadvantages?

WM-auction WM-auction is the one where money is instead of goods. The administrator of such an auction announces new tenders, determining the date of their conduct and the original bank. Each of the participants makes a bet that is equal to a certain amount – for example, one dollar – and this money is immediately debited from the account of the bidder, adding to the bank. Of course, you can make bets an unlimited number of times, just to have enough funds in the account. The winner is the one whose bid will be the last in the time allotted for bidding. He takes a pretty significant part of the bank, but with the expectation that the administrator of the auction not only regained the original bank, but also remained in the black. The administrator, of course, can also go into a minus – if, for example, the starting bank is ten dollars, and the rate is one, and only two or three bets are received during the trading, according to the rules, the administrator still leaves a certain percentage, and unspecified amount; but he is much less likely to go into minuses than the average player. Serious banks, as a rule, have a place to be on large, well-visited sites, and there are quite a lot of participants in such trades: after all, everyone wants, having put only one dollar, to break a bank, consisting, for example, of one hundred dollars! .. There are quite a few such auctions online. To find them, just ask the search engine such a request: “WM-auction” – the results will be several dozen, and even hundreds. But it is still a little bit not the auction, which I want to dedicate an article. WM-auction is, rather, a gamble, rather than a platform where you can buy or sell something. I talk about it only because it is also called an auction. As they say, for reference. But on this, perhaps, we will close the topic. Those who are interested in such auctions, can easily find them on the Web, register there, replenish your account – by the way, the calculation goes only with electronic money, so you can’t do without registering with WebMoney! – and try your luck, maybe even lucky. Scandinavian auction This morning I received a letter from a friend who told him about one of these auctions. He wrote that in his eyes a flash drive for 1 Gb was sold for only 2 rubles and fifty kopecks. At the same time, its real price is about half a thousand … 500 and 2.50 – isn’t it, tempting? But we know that free cheese is only in a mousetrap! Then what’s the catch? Where is the dog buried? And here is the scheme:

1. One bet is always equal to a certain amount – no more, no less. At some auctions, the bid may be equal to 25 kopecks, at others – the 1st ruble, and so on. But the main thing is that one bet is a clearly fixed amount.

2. Each bidder buys bets. You can buy as one bet, and immediately a whole package of these. Again, at different auctions everything is a little different. But the principle is one. The main thing is that the price of the bet is not at all equal to its monetary equivalent! That is, the rate can be equal to the 1st ruble, and cost the bidder, for example, 5 rubles. And now let’s calculate: Suppose that a certain product, the real price of which is 500 rubles, was sold at the Scandinavian auction for 200 rubles. Someone received the goods by paying for it only forty percent of its value. But the price of one bet, for example, is equal to 2 rubles, and the equivalent of a bet is 50 kopecks. That is, one bidder, having bought one bid for two rubles, adds only 50 kopecks to the value of the goods. Our product, I recall, went for 200 rubles, and its real price – 500 rubles. 200 rubles is 400 rates. And in our case each bet costs 2 rubles. Consequently, for the goods in 500 rubles, the initiators of the auction received 800 rubles. 500 they gave for the goods, and the rest 300 put in their pocket. The seller of the goods was satisfied, the buyer – too. The initiators of the auction also did not lose. Here are just the rest of the bidders left in the minus …

3. But what about, you ask, if only 2−3 bids will be made on the goods? If it costs 500 rubles, and 2−3 rates – only 4−6 rubles?

4. And then the organizers of the auctions come to the rescue of such an option as auto deliveries. Such a chip can use any bidder, and maybe a robot specifically connected to this auction.

5. At the same time, note that each bid extends the time allotted for the auction, thereby igniting additional excitement among their participants. And none of the participants, of course, knows how many robots are traded for the lot. Robots, however, clearly know their business: to make sure that the product does not go for nothing. What follows from this? And the fact that the goods, of course, can be sold for very little money, but not the real person, but just a robot. Buy at such an auction any product is really possible, and with a powerful discount. But you can not buy anything, having lost a lot of money. This is a common lottery: if you won it, then dozens of other participants lost by paying the missing money for you, and even the initiators of the auction without leaving you mad! ..