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Send me your money... no... there's your answer

This site is as named, MAD, any one who takes part are falling for the HUMAN GREED factor, you think you are getting a bargain, not so. It is impossible to gain any type of financial advantage, just go on Ebay or even Argos, you can at least your money back if not satisfied. No matter how much you bid or at what point you bid, YOU WILL LOSE MONEY. End of

Keep your money. It is a Scam. Even if u don't bid once u have credits they start to. Expire. It is a rip off. Spread the word.
Just watch the bidding first to see what happens U will see other people being ripped off. Then it's down to you

Technically you will have lost nothing but the bid credit.In reality they find a way that your bid is repeated until all of your credits are gone. My advice... Keep your money.

You lose everything that you bid with. Seriously it's a SCAM!

The amount you will have lost is £200, as you have to be mad to bid on mad bid. Com this company is frauding the public yet no one is complaining to the website and trading standards i dont understand why. Some people have been biding as much as £1000. And lost the lot so its up to the public to shut down MAD BID. COM by all putting in complaints to the website and and trading standards who then will investigate the company and if found to be frauding the public the police can then be brought in and there accounts can then be frozen while the investigation is done and the public could get there money back this way.

Depends how many bids you place to get to 200, it's not like eBay where you pay the winning value only. With scambid you pay via amount of credits per bid plus the final value so you could set yourself a max bid of £200 but if you join it at £50 then you pay to bid everytime someone bids against you so you could end up bidding every minute or less and the price only goes up 1p per bid so that's 20,000 bids to get to £200.
So it depends on how many people are bidding for the item if only 2 of you then you could end up bidding 7,500 times at whatever cost each bid costs (depends on the value of the item, could be 1 credit or 15 credits and you have to buy credits), so could be well in excess of the value of the item. The only winning situation is if you join the bidding almost at the end and are lucky to win with just a couple of bids plus the final value.
My advice just stay clear of the site.

You can't bid an amount... you pay to bid, and believe me when I say, you will NEVER win a bid. Each bid you make (one click of your mouse) takes credits away (usually about 4 credits). It's a scam and huge rip off. I burned through £100 of credits bidding on one item. I didn't come close to winning. The item continued to be auctioned for hours after I went through £100 trying. Keep your money in your pocket.

All depends on the amount of credits you have purchased & subsequently used up. Don't bother as this online auction is a scam & only aimed at ripping people off as you have to buy credits to bid and then if you are extremely lucky to win the bid then you still have to pay the final bid price.
Take it from me, it is next to impossible to win a bid and by the time you have realised you have probably wasted hundreds of pounds which you will never get back.