Ebay Question: Everytime i bid, it says im out bid...EVERYTIME

Toggle sidebar Toggle sidebar
M

MainFramed

Diamond Member
May 29, 2002
5,981
1
0
Why is it that everytime i goto bid on something it comes back saying i've been outbid, and it goes up by like .50 cents and it says a another bidder has out bid me, like that second, but everytime i do it. its like they have something set to outbid anyone who bids more than them... wtf??:| :confused:
 
A

acemcmac

Lifer
Mar 31, 2003
13,712
1
0
The way ebay works, everyone bids the theoretical "max" they're willing to pay and when more than one person has a max over the current highest bid, automatic bidding takes place.

RTFM

Example

Widget is selling for 5$
I bid a max of 10$
price stays at 5$
you bid 8$
price jumps to 8.50$ with me having hte winning bid
you bid 15$
Price jumps to 10.50$ and you are the winning bidder
 
Poulsonator

Poulsonator

Golden Member
Aug 19, 2002
1,597
0
76
It's called Proxy Bidding.

Let's say the item starts at $1.00, and you really want it. So you put your max bid in for $10.00, and walk away. Now, the auction will still show that it's $1.00, but it will have a bid on it. Anyone who comes in to bid on that auction will be outbid automatically up to $10.00. This is part of the brilliance of eBay. You can bid your max bid, and walk away. If you win, you win. If you don't, you don't. The best part about proxy bidding is that if you are indeed the only person to bid on said auction, you will only pay $1.00, rather than the $10.00 you bid. The $10.00 was just the max you bid, just in case more people bid on the auction.

Make sense?
 
M

MainFramed

Diamond Member
May 29, 2002
5,981
1
0
Originally posted by: acemcmac
The way ebay works, everyone bids the theoretical "max" they're willing to pay and when more than one person has a max over the current highest bid, automatic bidding takes place.

RTFM

Example

Widget is selling for 5$
I bid a max of 10$
price stays at 5$
you bid 8$
price jumps to 8.50$ with me having hte winning bid
you bid 15$
Price jumps to 10.50$ and you are the winning bidder
Click to expand...

thanks, that helps.. how do you know what the other persons max bid is?

Your maximum amount is kept confidential from other bidders and the seller.
Click to expand...

got it. thanks man :)
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
If you really want something NEVER bid early wait and snipe the item with 20 seconds or less time left.


Ausm
 
M

MainFramed

Diamond Member
May 29, 2002
5,981
1
0
Originally posted by: Ausm
If you really want something NEVER bid early wait and snipe the item with 20 seconds or less time left.


Ausm
Click to expand...

ROFL, thats what i tried and with like 40 secs left it says i've been outbid i was like WHOA WTF?
 
CRXican

CRXican

Diamond Member
Jun 9, 2004
9,062
1
0
Originally posted by: MainFramed
Originally posted by: acemcmac
The way ebay works, everyone bids the theoretical "max" they're willing to pay and when more than one person has a max over the current highest bid, automatic bidding takes place.

RTFM

Example

Widget is selling for 5$
I bid a max of 10$
price stays at 5$
you bid 8$
price jumps to 8.50$ with me having hte winning bid
you bid 15$
Price jumps to 10.50$ and you are the winning bidder
Click to expand...

thanks, that helps.. how do you know what the other persons max bid is?

Your maximum amount is kept confidential from other bidders and the seller.
Click to expand...

got it. thanks man :)
Click to expand...

lol, you don't
 
M

mrrman

Diamond Member
Feb 8, 2004
8,497
3
0
Originally posted by: Ausm
If you really want something NEVER bid early wait and snipe the item with 20 seconds or less time left.


so true...thats what I do all the time
Click to expand...
 
M

MainFramed

Diamond Member
May 29, 2002
5,981
1
0
Originally posted by: CRXican
Originally posted by: MainFramed
Originally posted by: acemcmac
The way ebay works, everyone bids the theoretical "max" they're willing to pay and when more than one person has a max over the current highest bid, automatic bidding takes place.

RTFM

Example

Widget is selling for 5$
I bid a max of 10$
price stays at 5$
you bid 8$
price jumps to 8.50$ with me having hte winning bid
you bid 15$
Price jumps to 10.50$ and you are the winning bidder
Click to expand...

thanks, that helps.. how do you know what the other persons max bid is?

Your maximum amount is kept confidential from other bidders and the seller.
Click to expand...

got it. thanks man :)
Click to expand...

lol, you don't
Click to expand...

:confused:
 
Toasthead

Toasthead

Diamond Member
Aug 27, 2001
6,621
0
0
Originally posted by: Ausm
If you really want something NEVER bid early wait and snipe the item with 20 seconds or less time left.


Ausm
Click to expand...

Or jsut always put the maximum youre willing to pay in the inital bid and save yourself the hassle.
 
kranky

kranky

Elite Member
Oct 9, 1999
21,019
156
106
Originally posted by: Ausm
If you really want something NEVER bid early wait and snipe the item with 20 seconds or less time left.


Ausm
Click to expand...

He still would have been outbid.
 
lokiju

lokiju

Lifer
May 29, 2003
18,526
5
0
If the item you're bidding on is going currently for say $5.50 and someone bids a max bid of $20, it will only show the current bid as being $6.00 or whatever the next incremental bid amount is, so if you bid $7.00 it will automatically go to say $7.50 and so on until you read over $20 in this case and at that point you'll be the winning bidder.

 
M

mAdMaLuDaWg

Platinum Member
Feb 15, 2003
2,437
1
0
Originally posted by: Toasthead
Originally posted by: Ausm
If you really want something NEVER bid early wait and snipe the item with 20 seconds or less time left.


Ausm
Click to expand...

Or jsut always put the maximum youre willing to pay in the inital bid and save yourself the hassle.
Click to expand...

Yeah and watch the guy outbid you by $0.50
 
You must log in or register to reply here.

TRENDING THREADS

COMPANY
RESOURCES
FOLLOW
Top Bottom