Your minimum bid value is to high.
For a 1.5 vote value you should try min bids of 0.1 not 0.5
If more than 1 person bids at 0.5 both with loose money... you are loosing money because people aren't bidding against each other.
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This comment has received a 0.13 % upvote from @speedvoter thanks to: @royaleagle.