The site is legit, because you people don't know what you are doing you knock it. Penny bidding is very strategic, you can't expect to just spend $100 single bid and win a $500 TV. However, if you spend time and money you can actually do very well. The reason people never post good things is the people who are successful at it don't want more competition so why would they say how great it is to drive more people to the site to bid against them? Also they offer OT on most their auctions so your rationale goes right out the window right away. If there is a $50 gift card and it was 300 bids it just means that 5 people paid the retail price and only lost $2 shipping and handling that was charged while someone did win the item below retail