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tatarah.com.sg
Some of you might have heard of tatarah in Singapore, where lowest unique bid wins an auction. I have previously encountered this type of auction before: selling properties in Europe. It was quite tempting at that time because you can win a house for a couple of bucks. But I decided not to bid because the website didn't look legitimate and I am worried that my credit card details would be stolen. Wait! At that time I was still in secondary school. So I guess I didn't have any credit card at all.The ideas is ingenious. You bid low, but nobody must bid the same as you. Truth is, winning in this type of auction is based on luck. And I would equal bidding the auction as betting. Why? Because when you place a bid, you are required to pay processing fee ranging from $1 to $200 (depending on what items you are bidding on, the more expensive the item the higher the fee). So if you happened not to win the auction, then you forfeit the processing fee. Sounds like gambling isn't it? And I wonder why the government does
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