Frequently Asked Questions
How does MrBid work?
It's really easy, users bid on products which end after a set number of bids. The lowest unique bid then wins! Find out more on our How It Works page.
How much does it cost?
We currently have 5 different token packs available:
Please note all prices shown are exclusive of VAT.
Is this gambling?
No, unlike gambling where the return on your upfront investment is directly related to luck, our auctions do not contain the same risk factor as luck and chance. The reason for this is because you are not waging your money on the probability that a certain event will happen. Instead, you are spending your money on a bid to place on an auction, that you have a fair chance of winning.
In our auctions, success depends on the exercise of skill & judgement by the participants and does not, as it does in a lottery, rely wholly on chance.
The Gambling Commission also confirms the above on their website.