there are three types of bidders:
- EMs (Early maximum) = people who bid their real maximum early on.
- Snipers = people who bid their real maximum as late as possible.
- Irrationals = people who bid some amount lower than their real maximum early on, and will not approach their real maximum unless they see that they have been outbid.
Snipers only have an advantage against irrational bidders. If you would have paid $1 more for the item, you should have bid $1 more originally.
- EMs (Early maximum) = people who bid their real maximum early on.
- Snipers = people who bid their real maximum as late as possible.
- Irrationals = people who bid some amount lower than their real maximum early on, and will not approach their real maximum unless they see that they have been outbid.
Snipers only have an advantage against irrational bidders. If you would have paid $1 more for the item, you should have bid $1 more originally.
Because that's how "silent" auctions work.
They expire at a set time and the highest bidder when they expire wins. The whole idea of setting a highest price and going the bid increment + what the next person bid should prevent the need for it to go any further, because as said before, ALWAYS BID WHAT YOU ARE WILLING TO PAY.
If you want to try and get something cheaper, that's fine, but don't whine when you get outbid towards the end of the auction.
The purpose of an auction is to sell to the person who is willing to pay the most, not to the person who is willing to bid the latest.
DrPizza
Administrator Elite Member Goat Whisperer
Face it: you have high speed internet access and the poor other guy has dial-up. Your bid got there first 
I'd bet he simply had his bid set higher. Since no one explained it yet, I will:
Suppose the item has a minimum bid of $5. You decide it's worth $100 to you, not $100. You bid $100. You will then be the highest bidder at $5 If some shmuck comes along and bids $6, it'll show you as the high bidder at $6.50 (or $7 - whatever the increment is)
Then, in the final minute before the aucion ends, and the winning bid is at $48, some shmuck (you) comes in, bids $49, and loses, because the other bidder had $50 in there already. That's what a proxy bid is - it bids for you up to your maximum bid. No one can win an auction by timing it just right... the proxy bid wins if it's higher. Then, the shmuck comes to ATOT or some other forum and whines that he was outbid.
I'd bet he simply had his bid set higher. Since no one explained it yet, I will:
Suppose the item has a minimum bid of $5. You decide it's worth $100 to you, not $100. You bid $100. You will then be the highest bidder at $5 If some shmuck comes along and bids $6, it'll show you as the high bidder at $6.50 (or $7 - whatever the increment is)
Then, in the final minute before the aucion ends, and the winning bid is at $48, some shmuck (you) comes in, bids $49, and loses, because the other bidder had $50 in there already. That's what a proxy bid is - it bids for you up to your maximum bid. No one can win an auction by timing it just right... the proxy bid wins if it's higher. Then, the shmuck comes to ATOT or some other forum and whines that he was outbid.
Originally posted by: DrPizza
Face it: you have high speed internet access and the poor other guy has dial-up. Your bid got there first
I'd bet he simply had his bid set higher. Since no one explained it yet, I will:
Suppose the item has a minimum bid of $5. You decide it's worth $100 to you, not $100. You bid $100. You will then be the highest bidder at $5 If some shmuck comes along and bids $6, it'll show you as the high bidder at $6.50 (or $7 - whatever the increment is)
Then, in the final minute before the aucion ends, and the winning bid is at $48, some shmuck (you) comes in, bids $49, and loses, because the other bidder had $50 in there already. That's what a proxy bid is - it bids for you up to your maximum bid. No one can win an auction by timing it just right... the proxy bid wins if it's higher. Then, the shmuck comes to ATOT or some other forum and whines that he was outbid.
Normally if someone bid with proxy like $100. I put in $49 like you said, I would get a screen telling me I have been out bidded and the current is $50. But both case it says I am winning and leading. So that means he didn't put in an amount a lot greater, he or his program bid within couple second of the end of the auction.
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
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i thought snipe programs worked to counter the automatic bidding....
the program places the bid at the last possible time not allowing the automatic bidding to happen... just me and i'm probably wrong
the program places the bid at the last possible time not allowing the automatic bidding to happen... just me and i'm probably wrong
I still don't get why people even bother to bid days before an auction ends. Bid once & that's it. 1 bid, 1 win, no going back & forth & competing for top position(hate it when ppl do that).
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