..

Is QuiBids.com Legalized Online Gambling?

Written by:
Payton
Published on:
May/08/2011
QuiBids.com

Get a $1,500 HDTV for just $1.  That’s the lure of QuiBids.com, an online auction website that some say is gambling.  The odds of actually getting that $1,500 HDTV for a mere $1 are slim at best.

QuiBids.com claims that users of their website will pay 80-95% less than retail prices for consumer products the likes of HDTVs, laptops, automobiles, you name it. 

Of course there is a catch. 

A class action lawsuit filed in the U.S. District Court for the Western District of Oklahoma claims that virtually none of the consumers who participate in these "auctions" will win the right to purchase such high-end item products at those greatly reduced prices.  In such cases, the consumers lose whatever money they bid during the auction.  The suit alleges that the failure to win auctions is costly to QuiBids customers.

Not surprisingly, QuiBids.com’s chief demographic is made up of stockbrokers according to a Quantcast audience profile. 

Some have even suggested that the QuiBids.com website is nothing more than legalized online gambling.

The suit also alleges that QuiBids.com does not disclose to customers that they have virtually no chance of coming out ahead financially. 

"In reality, they are just taking people's money and giving them nothing in return," Roger Mandel, attorney for the Class, said. "If they want to operate their business like a lottery, then they need to tell people the truth about their chances of winning -- which are slim to none," said Mandel.

- Payton O’Brien, Gambling911.com Senior Editor

Discount iPads

Gambling News

Spread on the 2021 Cure Bowl: Northern Illinois vs. Coastal Carolina

Spread on the 2021 Cure Bowl: Northern Illinois vs. Coastal Carolina

Gambling911.com has an early spread on the Cure Bowl for 2021 for the predicted matchup: Northern Illinois vs. Coastal Carolina We have the line at Chanticleers a -7.  This Bowl game takes place Friday December 17.

Seminole Tribe Suspends Florida Online Sports Betting App

Seminole Tribe Suspends Florida Online Sports Betting App

The Seminole Tribe of Florida shut down its online sports betting app Saturday after being dealt its latest legal defeat in a case that has halted a massive expansion of gambling throughout Florida.

Some Very Lopsided Betting in the NFL This Week

Some Very Lopsided Betting in the NFL This Week

Bookies will be sweating a few sides this week including the Colts seeing better than 90% of the wagering action against Houston.

2022 MLB Season to Start on Time Despite Lockout Possibilities Say Oddsmakers

2022 MLB Season to Start on Time Despite Lockout Possibilities Say Oddsmakers

MLB entered a lockout this week and BetOnline has activated a prop as to whether or not the 2022 season will start on time.

2021 Conference Championship Betting Action Revealed

2021 Conference Championship Betting Action Revealed

No team is seeing more heavy action than San Diego -6 (70%).

Syndicate