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how do those work? i'm losing against one right now on some part-used copenhagen metro tickets. ffs.
only ever worth making a single bid about 10 seconds from the end of the auction innit
You set the max amount you want it to bid and it does it 5/10/20 seconds before the auction closes.
no i'm saying that's what people should do
It always goes for the 2nd higher bidders highest bid, people think they have been outbid by 50p in the last second but really there is no way of telling what the winners bid was it could have been 100s more, people don't win because they didn't bid high enough it is simple
when people set max bids, they usually think along the lines of, "yep, $20 is the most I'd pay for this". If you're actually in a bidding situation, though and your max has been outbid by 50c, you might be inclined to say, "it's only one dollar more to get it, and I *do* actually want this".
Likewise, when you see something you want that already has bids pretty much up to what you'd want to pay, you might set your max bid 50c higher than the current bid.
Sniping works on the probability (based on the above assumptions) that the current bid is at or very near the max bid.
yeah I guess, but I kind of think when people do that slight edging up near the end they are just manually doing what ebay does automatically. say ive bid max £10 and it is currently on £6, and someone bids £7, £8, £9, £10 until they outbidding me on £11, it may seem like theyve sneakily outbid me by just £1 and won but really we didnt get to see what their true upper limit where they would have stopped bidding was, so even though they put in £11 as their maximum bid, in their head there was probably a higher one they would have gone to, and it was my highest bid as 2nd highest bidder that set the price
the more expensive it's going to be for the eventual winner. Almost definitely.
im not sure, because you get the same pattern regardless, in the closing minute you get the rapid slight increments that are trying to ascertain the current highest bid, and then in the closing seconds everyone goes for broke with their true maximum bids, if you bid early I think it just draws out that slight increment phase, but I think it is the closing seconds phase that has all the serious bids that decide it, I just happen to put my serious bid in early. I win stuff at reasonable prices all the time, I think it sometimes wards people off when they try and do the slight increment thing, realise the maximum bid is not close to the current bid as they would assume, give up and try something else. I guess it all depends on the type of product, and the number of people going for it
are always only "maximum bids" in view of what has already been bid.
It could be that you're firm and decisive on these things and have in your head a fixed idea of the maximum you'll pay, and you never get caught up in bidding wars, etc.
But for lots and lots of people, it's easy to get caught up in the moment and end up bidding more than you had planned to, and, after the fact, when everything's calmed down you realise that your "maximum bid" (what you actually bid) was much higher than your maximum bid (the most, in hindsight, that you wanted to pay).
The amount you paid over your ideal maximum bid is often not more money that you were prepared to pay for the product, but money spent in the excitement of the event — like when you're out drinking and you decide to buy another couple of rounds, despite the fact that you're already smashed and you've already spent all you'd set aside for the night.
what other people do has no bearing on my bid, in the closing seconds they will play out their constantly revised maximum bids but if mine is higher it will win
like it doesn't matter, it's fine but if you bid £10 and do it 10 second before it ends and i have already entered £20 even though the current price is only 9 then you lose and you have no time to decide if you want to increase what you will bid. smartest way is always to decide what you're willing to pay and then just bid that early. if it gets pushed beyond that thenyou weren't willing to bid anyway. you can bid £100 for a record but if the next highest big is £12 then you'll only pay £13
every time you bid, does it automatically outbid you?
They must have set a high maximum bid. Until you reach that it will keep out bidding you.
they mustn't be at their computer a lot. So safe to find out what their maximum bid is and out bid it. Depending on how long is left.
i normally am looking for stuff that has a low "buy it now" or that there is so few people interested / so many other options that it makes no difference.
when i get paid i am going to buy some shit i dont even need