Alright, so I'll be honest here. I was not one of the people who fancied GSN moving the majority of their more-valuable prizes from the "Buy It Now" section of the Oodles Prize Center into the "Bid For It" section. I found it very difficult to win a Prize Auction, because they are all Silent Auctions and no one is told the Winning Bids of the auctions, so you never know how much you underpaid (or overpaid) for the item you were bidding on.
Similarly, I did not fancy Sweepstakes or "Play To Win" either. Sweepstakes are based purely on luck and the "Play To Win" section involves being very skilled at playing the chosen game for the prize. I don't even know how some people get as high of a score as they do for some of the games on the GSN website. For me, I'll just stick to Nintendo DS and Wii games. Anyways...
Needless to say, I was one of the first people to sign up for the Oodles program back in June 2009.
For the past 2 years and 2 & 1/2 months since the Oodles program came into existence and I've been registered for it, I've been going through a Daily Routine (http://www.gsn.com/forums/showthread.php?t=1900) of playing games on the GSN website and answering Trivia Questions to earn as many Oodles as I could.
Perhaps similar to the strategy of other GSN members, I kept saving up my Oodles. I never bought any real prizes from the Prize Center (only the occasional Oodles Scratch Ticket every so often) and I just kept on saving as much as I could, hoping that one day, I would either be able to redeem my Oodles for a TV, or some other valuable item.
As some of you may remember, the original price for a TV in the Buy It Now section of the Prize Center used to be 167,500 Oodles. Then it was moved up to 425,000 Oodles. And nowadays, the TVs are placed in the Bid For It section and they go for who knows how much (though originally, I found out from the GSN Help team that one TV went for around 624,000 Oodles and another TV later on went for a little over 900,000 Oodles).
Suffice it to say, I thought I would never in all the life of this Oodles program win a Prize Auction with a high value prize, because I kept being outbid by someone else's unknown, supposedly higher, bid amount.
Nevertheless, I have to give credit where credit is due.
Last night (Thursday August 25, 2011), I bid all 502,000 Oodles that I had collected from the past 2 years (and never redeemed for any prizes) on this $200 Walmart Gift Card that I found in the Prize Center's Bid for It section. You can imagine my surprise when shortly after 12 am midnight, I logged into my GSN account (to run through my Daily Oodles Routine again and save up even more Oodles), only to find my Oodles account balance practically empty. Thus, I knew then and there that I had won the Prize Auction.
Today (Friday August 26, 2011) at 10:16 am ET in the morning, I received an email from The GSN Oodles Team.
I'm copying and pasting it here for you all to see:
Dear Scott,Finally, after a little more than 2 YEARS of saving up Oodles and not buying anything, I had won something of substantial value. Granted, it's not the TV I had originally hoped for, but I can at least use this card for whatever purchases I'd like to make at Walmart. It's not some small $10 or $25 card either, which would be used up quite quickly.
Congratulations, you’ve won a $200 Walmart Gift Card from the Silent Auction on 8/25/11!
Your should receive your prize within 4 to 6 weeks.
Also, would you like to be featured on our site, television network, or one of our fan pages? If so, email us your scanned picture and a testimonial about your GSN experience to email@example.com - we’d love to share your winning experience with the rest of your GSN community.
Once again, congratulations and keep oodling!
The GSN Oodles Team
So why am I posting this topic? Well, I'm posting it for a few reasons. First of which, as I said above, I never thought I would win anything of substantial value in a Prize Auction. I imagined that I would have to reach around 700,000 Oodles to get something for my 2 years of spending 1 hour a day, every single day of the week, saving up my Oodles balance.
Second, I want to apologize to the second-highest bidder of the $200 Walmart Gift Card auction, because I know there's someone else out there who most likely bid 500,000 Oodles or 499,000 Oodles and I ended up outbidding them by a small amount. I know this, because this has been what has happened to me for the past 20 or so Prize Auctions with highly-valuable prizes that I tried bidding in, only to find out that someone else outbid me.
The last and most important reason I'm posting this topic is to show anyone out there who's still saving up their Oodles in an attempt to get something valuable out of them, that you can indeed get something. In my case, patience, determination and a little bit of luck paid off. By spending an hour a day for more than 750 days, I managed to save up enough Oodles to win a Prize Auction.
Now for you mathematicians out there, based on my win, here's something to think about:
If you divide 500,000 Oodles (which is essentially what I paid for to win the auction) by the $200 that I won as a Gift Card, you end up with $0.0004 per Oodle. So in essence, one could surmise that each Oodle in your account is worth about $0.0004, but that's just an assumption.
In addition, as I said, some luck is involved. I know for a fact there are other GSN members here who have more than the 502,000 Oodles that I had, yet I won the auction. Which means it's partly based not on how many Oodles you have, but also who else is watching that auction and placing a bid. Seeing as it was Thursday night, I think I was fortunate (in my experience, at least on eBay, most people tend to watch auctions on Fridays, Saturdays, Sundays and Mondays).
So there you have it. 2 years. 502,000 Oodles. And the result being a $200 Walmart Gift Card.
To every other GSN member out there who is in a similar situation, having saved up so many Oodles but not knowing what to do with them, please know that at least from my experience, it is indeed possible to win something of high value in a Prize Auction. But to do it, you will need to save every Oodle you earn, get at least 500,000 Oodles (which took me over 2 years to accumulate; hopefully you'll be able to do it faster), and then bid all of your Oodles in one shot for either a $200 or $400 Gift Card, or some other prize of equal value, such as a TV.
I know there are skeptics out there for the Prize Auctions. I know this because I was one of them. This is why I'm posting my long story here for you all to see and read. So if you have 300,000 or 400,000 Oodles saved up, keep on saving them, because once you hit that half a million mark, you'll finally have a shot at winning a Prize Auction with a high-valued prize.
My piece of advice to all of you other GSN Oodlers out there? I'll take a page from Expedition Impossible and say: "Stay Strong, Never Give Up and Never Surrender."
If any GSN member has any questions on my experience of winning a Prize Auction, please let me know in this topic and I'll try to answer them to the best of my ability.