Thanks for the explanation on the bots... I didn't really use bid bots... coz I am not good in calculating the ROI... To avoid negative ROI, I just don't use the service. This is me lah...
To me this is business, we can never expect only to gain profit all the time... no business in the world is 100% guarantee profit... we all know there's risk of losing something in any business... so it's our decision to make - to bid or not to bid... If bid, then no ranting afterwards...
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Yeah, it is mildly risky, but I've been doing some experiments with @jikey and @deborism too. Will be publishing a simple formula later.
But it's not full proof. You can calculate all you want, be as careful as you can be, but some idiots (or the bots themselves) will place a large bet towards the end of the round, making you -ROI.