Online auction

So, I stumbled upon this auction website, www.sold.sg when I was searching for wacom tablet that is being auctioned so I can get one with cheaper price.
It's a website that let you bid something for an extremely SMASHING price.
But currently there are no bid for that stylish tablet that I want. Well, as a human as I am, I'm interested to the numerous expensive items being auctioned. So, I signed up. As a beginner, I found it's rather easy to catch into how to do it.
It has this single-bid and auto-bid.
Single-bid is you bid manually while auto-bid is you set a price range to let the bot bid for you.
Then it has this token thing.. Some auctions require token and some aren't, means free.
And this is getting tricky. One token is S$0.75. For auto bidder, certainly they get much possibility to be the bid winner but it comes with a cost. To auto-bid, all I can say is you have a HUGE capital to get as many tokens as you can or you have an amazing brain to predict at what price you should set.
They have so much tentative items that makes me can't help but join the bid despite the fact I will lose eventually. Like iPad, iPhone, Canon, Nikon, Samsung, and such. Then it occurs to me: how can they offer Canon camera with not more than S$20? It's such a loss to their part but I'm not complaining as customer. I was bidding this the new iPad and the whole thing come clearer to me now. The retail price of the iPad is S$958. And the bid is still going on right now, which has hit S$262. Let's round it up, S$960 and S$260 to make things easier.
Now, one bid increase the price by S$0.05, one bid requires one token an one token is S$0.75. Let's say this winner is auto-bidder and I can see s/he is aggressive and put a lot amount of token for it. So let's assume 200 tokens? Now, 200 tokens= S$150, plus the bid price, it sum up to S$410 which is a great deal.
Then, Let's see.. The bid price is S$260, means it has gotten $260 : $0.05 = 5,200 tokens hit. WOW. And 5,200 tokens means S$3,900!
Can you believe that? They can use that amount to buy 4 more iPad and earn 4 times that amount again, and again, and again. Nah.. This is so profitable.
Anyhow, as a customer, I find this kind of bidding activity is really irresistible, however, I might find myself dead in a sudden heart attack for the bid hits when I'm bidding.

Okay, that's all for now, I gotta go and keep track of my bid item. Bye!