DumbJoe has already bid $30, hoping he'll get it for that. It's about making sure your competition doesn't have the opportunity to get caught up in the emotion of the bidding war.Įxample: your max bid on an item is $50. It's not about you, the so-called intelligent bidder, getting caught up in the emotion of the bidding war. If their proxy still beats you, guess what. They will see that you outbid them, even if it's above their original max price and re-bid to beat you. You are competing against other bidders.In the Real World(tm), there are two reasons why you should always snipe to get the best deal: Moreover, the person who was willing to pay the most, would win the auction.īut that's fantasyland. Yes, in a perfect world, everyone would proxy bid like they're supposed to, and nobody would pay more than they're willing to pay for an item. You obviously don't understand what's going on here. Since Ebay auctions are second-price auctions, their price is the price you're going to pay (unless another rational person outbids them), and every dollar that they bid lower is a dollar you save if you win the auction.Įvery buyer with any brains at all figures out sniping is the way to go Since the behaviour of these people depends on the other bids, not putting in your bid until right before the end means that you don't contribute to the amount that they're willing to pay. But if there are also irrational bidders, the type of people who think that the maximum is a number that can be increased if necessary, then sniping also likely results in a lower price. If there are only rational bidders, sniping still provides a small advantage because you don't commit to an auction and can always switch to a different auction. Intelligent rational people do so at the last minute. Rational bidders bid once and put in their (current) true maximum bid. Regarding the final price, sniping only works if there are non-rational bidders. Sniping only works if everyone else is sniping.Īu contraire. Sniping works against those who don't understand eBay. However the masses simply do not comprehend this and continue bidding by the rules from another system, which are simply wrong here. If you're outbid, then someone was willing to pay more than you were simple. You can be outbid by someone who was willing to pay more than you, and it doesn't actually matter whether that happens a second after you bid or a second before the auction closes. If you use the system as it is designed, then you cannot be "sniped". This is actually bad for the buyer, because it tends to draw people into bidding higher than they would originally peg as their maximum. The problem with eBay is that people treat it as a conventional bid, believing for some reason that you should bid over and over again, just above the opposition. It doesn't show anyone what your maximum amount is in fact the system is set up to the advantage of the buyer, because if I'm willing to pay $100 but the second bidder only bids $20, then the seller only gets $22 of what I was willing to pay and I keep the rest in my pocket. Why on earth do people bid over and over again, or wake up at a specific time? The eBay system is set up so you can put down the single bid you are willing to pay for an item. If someone snipes $102 in the last second, then they're paying more than I was willing to pay for the item anyway, and so should win the auction. If someone snipes in the last second at $50, I'll win the bid with $52 - without having had to pay any attention to the auction past my original bide. If someone bids $20, my $100 bid trumps them and becomes listed as $22. My bid will show as $12 or whatever minimum increment it is. If I will pay up to $100 for an item on eBay, but the current bid is $10, then I'll enter $100.
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