A WM auction is one where money is used instead of goods. The administrator of such an auction announces new tenders, determining the date of the auction and the original bank. Each participant makes a bet that equals a certain amount – for example, one dollar – and this money is immediately debited from the account
bidder, adding to the bank.
Bets can be made, of course, an unlimited number of times, if only there were enough funds in the account. The winner is the one whose bid will be the last in the allotted time for bidding. He takes a rather significant part of the bank, but in such a way that the auction administrator not only regains the original bank, but also remains in Continue reading