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DealDash.com: A Review of the Popular Auction Site

I got this $1,200 computer for $100.71. - Uh-uh.

So today, we're taking a look at DealDash.com. Now if you watch a lot of daytime TV, you're probably familiar with this site and the ads, which seem to be far too good to be true. When you are getting a TV for 30 bucks or an iMac for a hundred dollars, you've gotta assume that there's something nefarious lurking in the background.

DealDash is an auction site, sort of like eBay. But on eBay, anyone can bid and increase the price, and the winner only has to pay the final price. However, when using DealDash, it seems that the process is designed more like a scam. Roseanna Hefferman bid 761 times for $152, with a total cost of $177.

The way that DealDash works, if I'm understanding this correctly, is that you may win something for $25 after you bid 761 times at 20 cents each. This means that you're essentially stealing something for free by paying an outrageous amount of money just to participate in the bidding process.

51% of auction winners save 90% off retail. Okay, hold on, hold on - half your auction winners save money and the other half spend more? (laughs) I go to type in DealDash and the first thing I see is scam complaints. Can you believe this site was designed for old people because it looks like it's meant to run on Internet Explorer 6.

So this is a PS5 Slim bundle, buy it now price $2,400? Wow, dude, this site's (beep) up. Now each time you bid on an auction, the final price goes up by 1 cent and resets the countdown timer back to 10 seconds. When the ten second timer runs out, the highest bid wins, unless you're in second place and decide to pay an outrageous amount of money to buy it now and steal the item out of pure spite.

This is bad, like, clearly there are a lot of people who are having a great time on this site, but if I'm understanding this when you bid for an item, that money is gone. It is technically free to sign up for an account, but during the process, they ask for a credit card. But if you're not reading very carefully, they'll end up charging you right away for some introductory bids.

So this is 66 of these clocks, the buy it now price is $41,000. Oh my God, look how many bidders, this is how many people have bid on this. And then everyone has like the little bios.

WEBVTTKind: captionsLanguage: en- I got this $1,200 computer for $100.71.- Uh-uh.So today, we're takinga look at DealDash.com.Now if you watch a lot of daytime TV,you're probably familiarwith this site and the ads,which seem to be far too good to be true.When you are getting a TV for 30 bucksor an iMac for a hundred dollars,you've gotta assume thatthere's something nefariouslurking in the background.DealDash is an auctionsite, sort of like eBay.But on eBay, anyone canbid and increase the priceand the winner only hasto pay the final price.So she's trying to saythat she got it for cheap.Roseanna Hefferman bid761 times worth $152,the total cost is $177.The way that DealDash works,if I'm understanding this correctly,is that you may win something for $25after you bid 761 times at 20 cents each.That's like saying I got a car for free,all I had to do was steal it.51% of auction winnerssave 90% off retail.Okay, hold on, hold on,half your auction winners save moneyand the other half spend more?(laughs) I go to type in DealDashand the first thing Isee is scam complaints.I can tell that this sitewas designed for old peoplebecause it looks like it's meantto run on Internet Explorer 6So this is a PS5 Slim bundle,buy it now price $2,400?Wow, dude, this site's (beep) up.Now each time you bid on an auction,the final price goes up by 1 centsand resets the countdowntimer back to 10 seconds.When the ten second timer runsout, the highest bid wins,unless you're second placeand decide to pay anoutrageous amount of moneyto buy it now and stealthe item out of pure spite.This is bad, like, clearlythere are a lot of peoplewho are having a great time on this site,but if I'm understanding this,when you bid for anitem, that money is gone.It is technically free tosign up for an account,but during the process,they ask for a credit card.But if you're not reading very carefully,they'll end up charging you right awayfor some introductory bids.So this is 66 of these clocks,the buy it now price is $41,000.Oh my God, look how many bidders,this is how many people have bid on this.And then, everyone haslike the little like bios,"Retired after 32 yearsin the airline industry.""I live to buy these things."I'm upset.The bidding process itselfis easy but long and tediousbecause bidding only increasesthe final price by 1 cent,it can take hours or days,but even if people were able to bid onan auction every second,that's a max of $36 per hour.It can take days for the auction to end.I don't know about you,but I don't have timeto sit around all dayand just watch an auction.But don't worry, DealDashhas thought of thatand graciously providesa BidBuddy for free.What they don't tell you is thatpretty much everyoneis using the BidBuddy,and because you're notwatching the auction,it is real easy to just losebecause you didn't loadenough bids in the buddy.I'm gonna burn some moneyand we're gonna see just how bad this is.So if I want to buy this PS5,I can put my bid in, it'llautomatically bid it up.Now I lose my bids,which I think I have to,well, I obviously haveto pay money to get bids.But if, for whateverreason, people gave up,it's $7 and I would get it at $7,but I lose whatever themoney amount of bid is,that's how they get you.Because if all you care aboutis getting it for at the end,"Oh cool, look at my $70PlayStation," whatever.But if I had to spendhundreds of dollars on bids,and the thing is as mybids get burnt off here,I will have to purchasemore or bid for more bids.Now I put my 100 bids in,there's like a 0% chance I'm gonna get it.I've just given that to them.Now, say that I put in 100 or 200,however many bids thathave actually gone through.Well, if I really want theitem, I can do the buy it now,which is clearly more than this is worth,but I would get my bids back.Now in this case,spending $2,400 on a PS5and a Bluetooth soundbaris an insane thing to do.But it's the sunk-cost fallacy.If I've already spent hundredsof dollars on my bids,I might be willing to takethe L on buying the thingat the full price above the retail priceso I can get my bids back, right?So for DealDash, suddenlythey've taken an itemand they've sold it for way more,and everyone who's put bidsin have lost that money.I'll be honest with you,I need to wrap my head around the site.I did not understand the depthsof what we're really working with here.Maybe I'll try to winsome things, I don't know.But like I wanna get to the bottom ofwhat DealDash really isand is there anything redeeming about it?Because I'll be honest,like, this sort of firstimpression is atrocious.It is just, it feels predatoryand the definition of a scam.But, I mean, I guess there'sa lot of things in lifethat feel really bad, butpeople do them anyway.So I wanted to dive a little bit deeperinto DealDash today.So when I logged in,I saw that even though I had putthe 100 bids down for that PS5,I did not get it, big surprise.But I also saw a different auction,which was for a $10 Domino's gift card.Now that might sound silly,but what really jumped out to mewas it was listed as only peoplewho have won four or fewer auctions.So I threw a bid at itat 1 cent and I won it.So after spending 1 cent on the gift card,plus the 12 cents that I had spentto purchase that bid, for 13 cents,I now have a $10 Domino'sgift card coming my way.It's that sort of initialsort of dopamine hit that,oh, I won something,oh, I got a great deal.You know, it's like allthe people in the adswho talk about how they got somethingfor like $7 or whatever,it's like if I was going into this cold,I would actually think that,oh look, I just got agreat deal 'cause I did.And if I was smart,much like you're smartwhen you walk into a casinoand you win something,you walk away immediately,I should probably bail now.But now that I've wonsomething to begin with,I obviously wanna try again, right?So I'm gonna start puttingsome more bids out and see what I've got.I totally understand howpeople get sucked in by this,I completely get it.It does still feel kind of predatory.It still feels like one of those thingswhere if you are reasonableand you treat this likegambling, then maybe it's okay.But I don't think most peopleare treating it like gambling,I think people are treating it like,oh, I'm gonna try to snipe agood bid or deal or whatever.But it's not like that,it's just it's not.So I bought 600 bids for $78and wanted to go allin on an Xbox Series X.So to do this, I got in rightbefore the actual auction startedand I put down 750 bids,which actually is probablya total of a little closeto like a hundred dollars,just in the amount of bids.So this auction started yesterdayand I checked it last night,so 12 hours later and it was still going.So this morning, I'massuming that it's closed,I'm gonna open it upand see what happened.Oh my God, it's still going, wait.So I spent a hundred dollars on bidsand have not won anything.So you can see right here thatif I want to buy it outright,I can get my bids back.So I've now committed $117 of bidsto try to buy this Xbox Series X.If I was to win this bid right now,it would go for $114.But if I don't win the bid,then my bids are goneand that $117 I've spentbuying bids evaporates.At this point,I'm actually really incentivizedto do the buy it nowbecause you think about, okay,so the Xbox Series X is worth what?Maybe like 450 bucks?And then, the headset'smaybe another 50, $100,whatever the case is, right?So say that's 5, 550.Well if I've already spentover a hundred dollars on bids,that's getting me close to 650.And what happens there isthat everyone else who's bid money,they lose all their money in bids,I get my bids back and I get the Xbox.Now have I overpaid for that Xbox?Yes I have, but the mathis actually not too crazybecause I've already spent the moneyand if I don't win this item,all $100 worth of thesebids are gone forever.This is wild.Yeah, I'm winning right now,but winning doesn't do much.This is a $29,000 boat,that has gotta take weeks to go through.I gotta be real, like,I'm gonna go throughand try to win this Xbox.I mean, I guess, technically,I can just force my way into it,but like I have 132 bids left.But how long is that gonna take?This is not fun to me, this is stressful.Like, I'm not having a great time here,I'm just like, ugh.Let me bring you into theDealDashery, my friend.- All right, so I've onlyseen the TV commercialsand I still don't know whatit's about, so, please.- I have been biddingfor this Nintendo Switchsince last night.So currently the bid is $95,which seems like a gooddeal, except for the factthat I've already put in1,200 bids to get that,which is, some of them were 12 cents,some of them were 13 cents each.- Oh, so you could have justalmost bought it with real money?- If I win, Iget all my bids back.So incentivized to continue going,and on top of that, if Iget all those bids back,I can put them towards something else,staying on the hamster wheel,- Wait, you're paying forthe opportunity to buy it.This is really gamified then.- Yes.- And this looks like a scoreboard,I don't like that. (laughs)- So I'm committed,so I already tried toget an Xbox Series X,I spent over $100 dollars on bidsand did not end up winning it.So I just lost those bids.So I'm out $100, nothing to show for it.So this time around, I am fully committed.I have to win this.First of all, I needto actually get an itemto take a look at to seewhat the experience is.But on top of that, I am committed now.If I win then I willeventually get the Switch,but the problem is, isthat, well, the problem,is that I get all those bids back,which means that,what am I gonna do withthem except buy more stuff?I just locked in another 372 bids,I'll tell you that's gonna be gonein like two or three hours.So tonight, if I haven't won this auction,I'm gonna put another,honestly, like, 60 bucks in.I think the Fisker Ocean was probablya better financial decision than this.I'm 100% committed,I'm going to win this Switchso I can show you what happens,what my final tally isand what it takes to actuallyget one of these things in,how long shipping is, if it's brand new,all that kind of stuff.But I'm so ready to bedone with this video,like, I am so ready to be done with this.- Clearly, it doesn't sound like itif you're keep throwing money at them.- I have to win, dude, I spent-- That's what they all say!- I spent over a hundreddollars on an Xbox I didn't win'cause I wasn't payingattention, this time-- That's the gambler mindset,"I can quit whenever I want."- Except that normally gambling is fun.I just am doing this for a video'cause I'm not having any fun.Ugh!All everyone needs to knowis I am spending a lot of moneyon a video for your benefit,which is a great reasonfor you to subscribeand ring-a-ling that ding-a-ling buttonso your buddy Austin can lose his marblesover DealDash so you don't get scammed.I made some mistakes last night.So last we spoke, it was alittle after noon, you know,I was just having a good time,hanging on with my buddy, Ken,and explaining to him the $30 slot machinethat I had been watching all day long.Well, last night, I put another $30 inand I was still locked in a bidding warwith like three other people,so I spent another 80.So my grand total is $258.- What?- Wait, that's almost the priceof what this thing costs.- Yeah, and that's the price in bids,now I have specifically not looked,I assume the auction's over,I have not looked at it at allbecause I wanted to getthis real genuine reaction.So one of two things is about to happen.Either I have won the Switchand I'm gonna spend like $150 on itand I get all my bids backand then I'll have like $258of bids that I will wasteon some other nonsense onDealDash or someone else won,and that $258 is all goneand I will have completely lit it on fire.But, hey, here's the thing,maybe I won the Switch.I literally, I specificallyopened google.com,this tab will tell me if I've won,I've not looked at it all day long.- There are two thingshere that I've concluded.One, DealDash is a scam, regardless,but two, you might be the worst playerin the game of this scam.- So I will admit that mystrategy has not been idealand DealDashers out theremight be yelling at methat I'm stupid because for the Switch,I put bids down from the very beginning.So last I checked last night,I had over 2,000 bidsonto that Nintendo Switch.Here, here, can someone else look at itand then tell me if Ishould be happy or sad?I'm gonna click on the thing.- Oh congrats, youare the highest bidder.- I've got it, I got the Switch.Really? No, that's not what it says.- Oh.- It's not what it says at all.What it says, I've reached level 15and I got some free bidsbut I'm out of bids.I thought that thiswould've been over now.This is so much less dramaticwhen now I've gotta sit hereand watch this thing for a while.- So what you're sayingis you're gonna liquidatethe remaining valueof the company's assets into DealDashand we're all outta jobs?- I just want it to be over.Okay, here's what I'm gonna do.I'm gonna wait, probably not very long,for these 70 bids that I'vegot left to burn through.Once I hit zero and Ihave not won this item,then I'm going to bow out,let them take all my money,and give you a well-reasoned conclusionon why DealDash is no bueno.Okay, well, I'm down to three bids,I'm just gonna stare at ituntil I get the final one.Don't do this at home, please.- Don't do this, period.- Don't do this anywhere.There you go, my final bid,Seven, six, five, four, three, two, one,and it's over.- Failure.- The big question is, is DealDash a scam?Now if the gray zone was awebsite, it would be DealDash.I'll say that if you're not an expertat the penny auction formatand you're not reading all the fine print,it can easily feel like a scam.At the very, very least, in my opinion,it is absolutely predatory.Now the first problem is transparencyand DealDash is about astransparent as a slab of granite.There are multiple timeswhen an advertisementor the website itselftries to mislead you, like the huge bannerthat says that you'll get your bids back,or when a testimonial shows a womanwho won a PS5 for only $200and just conveniently hides the factthat she spent over $150 in bidsand two days staring at abrowser just to get this deal,or an Xbox you spent $130 in bids onand get literally nothing in exchange.Now sure there are some people out theregetting some decent deals,if you're extremely luckyand bidding on something at 2:00 AM,you could get a great deal.But in the last couple ofweeks of using DealDash,a lot of the big ticketitems get pretty close,if not higher than MSRP.That means that there arepeople that are losing tensif not hundreds of dollars in bids.So if anyone was wondering at this pointhow DealDash makes money,it is a huge part of it.Now, to make matters worse,when it's not a lack of transparencyin trying to understandhow everything works,there are the layers of the site itself,which just feels likeit's trying to screw you.Now, hypothetically, itwould be incredibly easyto just have a bot that drives up the bidto make sure that they don't lose money.Maybe that bot just winsthe bid no matter whatso they get to keep the itemand the money that everyone used on bids.Now to be clear, I'm notaccusing DealDash of doing that,but many of these otherpenny auction siteshave been accused ofit, and let's face it,it would be incrediblyeasy for them to do thisevery once in a whileand get away with it.And to make things worse,they're basically printing moneyby having the option to bid for bids.The way this works is thatthe winner might get more bidsthan they started with if you win,but I'm willing to bet thatwhen you tally up all thebids from other people,DealDash just made anotherbuttload of fictional currencythat can be used on their actual site.And let's not forget thebids are a one-way ticket.You can buy bids with cash,you cannot turn around and sellyour bids and get cash back,you have to spend them on DealDash.In my opinion though,the most dangerous partof a website like thisis the psychological aspect.Losing an eBay auction,it might suck because youdon't get the thing you want.But when you lose a DealDash auction,it means that not only are you not gettingthe thing you want, butyou also lose money too.They definitely rely onthe sunk-cost fallacy,when you think about how muchmoney you've already spent,you might as well put another30 bucks in to keep biddingso that it's worth something at the end,plus people just hate to lose.I've seen multiple auctionswhere people bid past MSRP,maybe it was out of spite,maybe it was the $100 thatthey already sink in bids aloneand the only way to get thosebids back is to win, right?Like, you either winand you get your bidsback on the item for cheapor you give up and you're a loser.Regardless, I don't what to tell youbesides this all feels bad.Now if you're someone who hasa lot of time on your hands,I can see how this couldactually get addictive.I mean, it's not that differentthan something like aslot machine at a casino.Are the odds better and alittle bit more skillful? Maybe.But to me, I mean this justlooks like legal gambling.I mean, technically legal, but, like,I don't know, man,I think about like if you are just lookingfor a good deal on a siteand you land on DealDashand go, oh hmm, that'skinda interesting, cool.It's not healthy, this is notthe way that you should do it.Like, if you're really into itand you can dedicate hours and hours a dayof watching all these auctionsand trying to snipe them atthe end and throw in your bids,like, sure, but like for me,I'm gonna stick to questionabletech on reputable websites'cause I'll be honest,this is worse than anyof the other platformsthat we've tried and it's not even close.So is DealDash a scam?In the most technical legal definition,'cause I'm clearly not an attorney,no, I don't think DealDash is a scam.But if it feels like a scamand it drains your bankaccount like a scamand keeps you up till 3:00AM staring at your browserto know if you need to put another $30 injust to make sure you can winthat damn Nintendo Switch,it might just be a scam.Just remember, the house always wins.I just spent $345 on DealDashand got Jack (beep).Welcome to DealDash.com,sorry to interrupt yourepisode of "Judge Judy"but I got some specialinformation for you today.DealDash is your one-stop shopto get all kinds of nonsensethat you're never gonna get.How about a bass boat for $24,435?Well, guess what?You ain't gonna win that either,but you can spend hundredsof dollars in bidsthat don't exist to try topretend that you're gonna win.All you gotta do is emptyout your bank account,your checking account, yoursavings account, overdraft,couple of cars along the way,don't pay rent or pay utilities,and then you'll have enough moneyto put enough bids down tohypothetically win something.So what are you waitingfor? DealDash.com, baby.- Dad, we won $20in Domino's gift cards.- You know what?You better eat that pizza, boy,because we ain't eating anything else.I cashed out your college fund,it's fine 'cause you werenever gonna go to collegeto begin with, DealDash.com.And remember, with DealDash,every time that youwin someone else loses.And what else is America aboutother than (beep) someone else overto get just a little tiny bit ahead?DealDash.com, 'cause (beep) you.