UPDATE: I scoured the net for coupons, and the best one I could find as of writing this (June 2013) will give you 50% more bids and 26 dollars off your first package. Twice as much for almost half the cost... (wish I had this when I first started!)
Quibids is nothing too terribly different from some of its competitors, but does offer several twists on the typical penny auction site model.
For those who don't do their due-diligence and research, it might seem that way. But to those who create good strategies, Quibids presents a very fun and potentially profitable buying experience.
It's strange how many people start something without really knowing what they're getting into. The internet is an easy place to fall into that kind of trap so I can't emphasize enough how important it is to research strategies that are working for other people before going off on bidding frenzies. The thing that seems to be most overlooked about Quibids is that each and every bid costs around 60 cents no matter what - regardless of winning the auction or not! It could come off misleading for the beginners because the actual bid cost only goes up by a penny. It's important to know you still have to pay 60 cents to make that penny bid.
The reality is that Quibids has a brilliant system of raffling off high ticket items at very low prices.
Quibids goes a long way to inform and educate newer users about how the system works. You'll see a lot of comments and remarks from around the web about Quibids being a scam but it seems those types of comments come from users who did not take the time to understand the system and probably skipped over all the tutorials and newbie-friendly auctions they prepare for new users. Feel free to share your experience, thoughts and opinions with Quibids.
One of the keys to successful bidding is timing. The more users that are online, the harder it will be to win. More competition = smaller chance of winning. Try to pick a specific day when fewer users are online.
From my experience, the best time to bid is during Wednesday. Also recommended are Tuesdays and Thursdays from 2 to 5pm EST.
As a bit of a Quibids "veteran" I can tell you the best days to bid are Wednesday, Tuesday and Thursday from 2pm-5pm EST. The worst times are the weekends.
Best to stay away from bidding during Saturday, Sunday and Holidays. Because a tremendous amount of users are online and ready to bid compared to week days when many people are at work.
If you find yourself bidding on weekends, avoid bidding between 10pm and 2am. That is when the competition is the largest.
Watch closely on the same or similar type of auctioned items you plan to bid on as you can often foresee how much the winning bid for the same or similar item will be on the next days. As example, an item won for $30 on one day; in the future you should begin to bid once it reaches $35 - $40.