A question about BidVertiser

Hey Everyone,
Just a quick question before I decide to either use or not use bidvertiser.

Quote:

Max bid is the maximum that the advertiser is willing to pay for each click.
The real cost-per-click of each advertiser is $0.01 above the next closest competitor. BidVertiser will always display the highest bidders on your site, assuring the maximum revenue possible at any given time, while maximizing the effectiveness of our advertisers’ ads.

So let’s say I look up my advertisers max bid and it says $1. Is that $1 before or after BidVertiser take their share?
Currently the top 8 bids are paying $2-3 per click. But that seems like an amazingly high amount to me. I have trouble believing that’s true.
Can someone fill me in on the facts. Will I really get that much money?
Thanks! (+rep to helpful answers)

Original post by Swefx