Check it Out: Not so Lucky With Lucky Chic

I'm automatically skeptical of these kinds of deals, but I signed up anyway. Who wouldn't want to bid on an Apple iPad for $1.80? iPads on eBay are going for a low price of $450, so why not? By signing up, I earned five Lucky Chips, worth 60 cents, and when used, LuckyChic.com ups the bid on an item 10 cents. But then I thought to myself, can I really get an iPad for $1.80, with free money just for signing up?