JBidwatcher is a Java-based tool that does more than just place your bid in the final moments of an auction. You can do it manually, but its unlikely you’ll be as accurate as an automated program like JBidwatcher. Sniping means putting in a topping bid as close to the end of the auction as possible, so that no other bidder can come in and beat you. With the proxy system eBay automatically bids on the bidder’s behalf so that the high bidder position is maintained until another bidder exceeds the bidder’s specified top price. Most eBay bidders make use of eBay’s proxy bidding feature that allows the bidder to set the maximum price they are willing to pay. Luckily, you can fight back by getting your own sniping tool, courtesy of the open source community, which provides JBidwatcher, one of the best ones gunning. I can just automate the whole process.Have you ever bid in on eBay auction item and thought you were going to win, only to see it go at the very last second for a bid just slightly higher than yours? Congratulations, you’ve been sniped. I can bid on twelve iPads, and it will stop bidding when I win one. I find that I win auctions more cheaply with sniping, because there’s no bidding war. Bidders get excited during auctions, and are often ready to bid way more than what is rational.Leave them time to bid again after being outbid, and you will end up paying more, or lose the item you are bidding on. Bidders tend to be overly optimistic, and therefore enter value lower than what they are really ready to pay.By bidding early, you are helping them, and that’s against your own interest. Other bidders may realize true value of an item only after you submit your bid. This specially applies to rare items, value of which is directly determined by interest. Your early bid is an important information for other bidders.If you bid as you do, others will bid too, and…well, let me quote from the Gixen site Adam mentions: By postponing bidding until the last minute, you may be able to keep a particular auction off those lists and reduce the number of possible competitors. In addition, in the collectables world, there are a lot of services that circulate lists of “hot” auctions with significant numbers of bids or high bids. The deadline forces people to make a real final offer. If you bid only right before auction close, you can protect yourself from these folks who don’t really know what their max bid is but are willing to keep pushing the price up. If they had been the high bidder after their first attempt, would they have still put up the higher bid amount with which they ended? Also probably not. Over the years, I have seen many cases where one person places an initial high bid, and someone else bids over and over, never beating the original bid but pushing the final price up substantially. Another key difference between eBay and live auctions is the fixed ending time. This makes certain assumptions about the behavior of everyone else in the auction. Sniping really only makes sense in an auction that works like an in-person auction, where you pay the amount you bid, no matter what the losers bid. In that scenario, you want to bid the minimum amount that can win, because anything higher is a waste of money. That last posted bid is not my maximum, but one increment higher than the next-lower bidder’s maximum (often the sniper’s bid). As the auction draws to a close, I often see people jump in with last-minute bids, but I frequently win the auction anyway because the snipers are repeatedly bidding one increment higher than the last posted bid instead of the maximum they are willing to pay. I evaluate the item and bid the maximum I would honestly be willing to pay for it, even if I think I can get it for less. I’ve won a few auctions due to understanding this. In other words, you submit a high bid and if you win, you pay one increment higher than the next-lower bid, not the maximum you bid. Then if it’s not up to the maximum you provided, it will do it again if someone else outbids that amount. The system will use this to (effectively) automatically increase your bid by the auction’s fixed increment amount until it is highest. EBay sniping has always amused me because it’s not the last bid that wins, but the highest bid.ĮBay’s proxy-bid system, for those who are unaware, means you bid the maximum you want to spend.
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