As the title, good result or fleeced ???

Is that the one where you pay to bid?

Seems like just gambling to me. You pay money and you might possibly win something.

A bit like a lottery.

At least on ebay if you don't win you don't pay.

IMO. Yes as above. Gambling and only one winner.... MADBID

Use a loan from Wonga to finance the bidding too make that hole in your wallet a monster one.

As above. Basically a gambling site. You have to pay money before you even start and they try to lure you in by making you buy the most expensive number of "bids" by offering some for free

Sucks people in with the idea you could win a fantastic prize for very little money. Bids have to be bought in advance. The chances of winning are very small. Would be very easy for madbid to control the bidding. Diabolical profiteering idea. Steer clear.

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Use a loan from Wonga to finance the bidding too make that hole in your wallet a monster one.

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it also has the most irritating advert ever!!

How Does Madbid Work?

In order to bid on an item, you will need to buy credit. The cost of credit varies but if you buy a pack of 80 for £9.99, each credit works out around 12p.

You can then spend these credits bidding on items you want. Each auction will have a set number of credits that are required to count as one bid.

For example, you will need to spend 7 credits to enter one bid for the MacBook Pro auction. In this case, each bid costs you 84p. If you bid five times in this one auction, you’ve spent £4.20. If you don’t win, that’s £4.20 gone with nothing to show for it.

I used it a few years back and did get a set of quality headphones for a penny.

I did try it once - an absolute crock of s***