Penny auction - the big deception

Did you ever try to to win a penny auction. If no PLEASE do not try
Even the companies provided such a service admit that the chance of win such a auction is compared with the win from a lottery, gambling or betting.
What is mean to win a DSLR camera or iPad or iMac for 100$ with retail price 1000$
Fee - For example if the step 0.01$ and the fee amount is 1USD that's mean that company earn 10,000$(10,000x0.01=100) from this bids
Time average time for this want-to-have items exceed couple hours.
That's mean that you have to spend a lot of time and at the end to run out of money or credits and to be with empty hands.
Bidders you are working in a blind don't know how many competitors with what financial resource are against you
When to start and when to stop - no body can say!Early morning or late evening or lunch,breakfast,dinner time may be you can make bargain but if you start you have to go until the end - what think the other bidders for this - YES they know this just like you.
Addiction - if you are addicted to bid use eBay auctions or other similar sites where your bid do not cost money if you didn't win the auction
Money spend this money for something real. When you betting or gambling you make an informed prediction and know exactly when the event will be closed
Who win - the big winners are the companies offers such a service. even the winners of auction spend many more money compared with a won price vs. retail price
If still want to try do it by your own risk.
Very soon will realize what mistake you do!