Ebay strategies?

Started 2 months ago | Discussions thread
JakeJY Senior Member • Posts: 3,506
Re: Read the Thread

BrownieVet wrote:

I have been using eBay's "autobid" for years. I don't wait for the last minute to enter my bid. For example:

An item appears with asking price of $500, remaining time is 5 days, current bid is $10.01 with suggested bid of $12.34. I am interested and willing to pay up to $423.02 . . .
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I enter $12.34 and then my limit of $423.02 - at the first minute of the listing.
$12.34 will be displayed as the current bid. My limit of $423.02 will not show.
I don't bother with it anymore.
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Anyone who manually enters bid lower than $423.02 will see the live message of being outbid. For the purpose of discussion, assuming autobid is incremented 5%, someone entered $100, the live message will be displayed along with my current bid of say $105.
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eBay's autobid will repeat the process - - - applying only the % increase over anyone's manually entered bid. Assuming someone entered $299.99 one second before closing, my winning bid will be $330 not $423.02. eBay will notify me by email.

Anytime someone bids over $423.02, eBay notify me by email for an option to make another bid. I ALWAYS decline.

Right, I'm not disputing this progress, but the issue is if you enter say $423.02 at first minute, you give plenty of time for someone to "test" your max bid (I see this happen all the time in auctions, someone goes up slowly until they get right past the max bid).

Even if you enter it at the last minute (but with enough time for someone to change their max bid), people entering a different lower bid (for example $420) will get a notification that they need to increase max bid to win. People in the heat of the moment many times will do so.

This makes it so that for an auction you would have won with your $423.02 max bid, you would lose because you put in the bid too early and gave other people chances to either test or change their mind about their max bid.

The Wikipedia page on auction sniping actually covers all the logic behind this strategy:

https://en.m.wikipedia.org/wiki/Auction_sniping

If A enters $90 after B enters $100, B still wins at $91, because A is too late for a human response to the eBay notice to increase max bid.

The $91 is ONLY if B use eBay's autobid, otherwise, B is hooked for $100.

If A was using sniper program/app, it would play out the same way. No matter if A comes before B or B comes before A, B will win as long as it is too late for a human response to notification to increase max bid. B does not need a computer program to accomplish this and at no point does a computer program's superior response time come into play. All the computer program adds is convenience for B, so there isn't a need to monitor the end of auction.

Bottom line - sniper program is a third party system that only monitors and advice the user. The user still NEED to MANUALLY enter the bid. I don't know about you, why use a third party that is passive instead of the FREE eBay built-in autobid that is active and offers overbid protection, when properly deployed. BTW, the use may turn-off her/his autobid anytime.

If however A's max bid was $110 all along, A will win regardless of how late B enters $100. I don't believe PhotoTeach is talking about winning in this scenario.

Boils down to the autobid LIMIT set by the user, regardless of timeline.

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