NICK LACHEY ON RACHEL RAY PROMOTING WINNIT.COM & TURNS OUT IT'S A SCAM!!

So on September 18th, 2009 Nick Lachey was on the Rachel Ray show and he said that he is involved with a site called winnit.com. This is from Rachelrayshow.com: "Nick's latest project is working with Winnit.com. "It's a reverse auction website," he explains, "where you have the opportunity to bid on everything from iPods to handbags to luxury automobiles." Unlike other auction sites where the item goes to the highest bidder, Nick says that with Winnit.com the winner is the person who has the lowest unique bid."     So last night I decided to open up an account to see what the fuss is about...and well it's a scam!!!! It is truly a reverse bid, which sounds nice right? But no. This is how it works: You sign up, they give you $5 bonus for just signing up. Then in order to place a bid, they charge you $1 EVERYTIME for a bid! And the whole object of it, is to have a unique lowest bid that no one else can guess, and if you are able to keep that unique lowest bid until the bidding is over, then you win that item. So I tried bidding on a iPod Touch. The bid started at a PENNY. zso my first bid was for $0.07...then it gave me a message saying that the lowest unique bid was between $6.86-$7.10. Now they don't tell you around where the lowest bid is until AFTER you make your first bid. I've really been wanting an iPod Touch, so I deposited $25 dollars into my account to try to win it. So after about 4 minutes, my $25 went down the drain...I used all my money trying to guess the lowest unique bid and couldn't find it. So I noticed that there was about 2 minutes left on the clock so I was determined to win it. So I deposited an extra $35 to my account, and sure enough I found the lowest unique bid...and I was all happy counting down the seconds until the iPod was officially mine, until about two seconds until it was over someone had guessed my unique number, and soon there's was the NEW unique number and they won the damn iPod and I ended up WASTING $60 TRYING TO WIN A STUPID IPOD TOUCH ON WINNIT.COM. At first it didn't make sense to me how winnit.com can sell iPods and Louis Vuitton bags for about 10 cents...but now I know the truth...they make a whole lot of money from all the $1 bids that people pay for trying to guess the unique number that no one else has. So in the end, winnit.com makes a profit WAY larger than the item is even worth, which means WinnIt.com is ripping off people & making a shit load of money doing it. Reverse bidding is only for those lucky ones that can guess it in one shot, not spending much money on the bidding, which is a 1 in 100,000 chance of winning the item... Bottom line: don't try reverse bidding unless you have tons of money to just waste. Also I am so pissed off that i lost $60 trying to win an iPod...ugh!