Mrbidwin.com - a new auction scam

These auction scams come and go, I've already uncovered the largely scamming site Madbid. Mrbidwin doesn't quite work the same way, it is free to sign up and they then give you 100 free bids. They then sell money (for instance $1) and people use up their free bids trying to win the dollar, each time a bid is received the clock denoting the remaining auction time is turned back to 1 minute. It's likely you'll win a few times with your 100 bids unless you are bidding too early but the problem occurs when you start spending your own money on it to try to win, in theory you could make 10 bids of 0.10 and still break even if you won on the 10th time but in reality it will be too tricky with bidders on the computer side. A complete waste of time!