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Playing to Lose on Ebay
Old 07-15-2015, 12:27 PM   #1
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Playing to Lose on Ebay

I know this sounds backwards, but have you ever bidding on something on ebay but hope that you get outbid?

The starting price was just too good a value so I just HAD TO bid .

Now I'm in the lead with a couple of days left.
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Old 07-15-2015, 12:48 PM   #2
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I always WANT to win, but frequently realize it is unlikely. Most bidding happens at the last minute. Rest assured, you will very likely lose.
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Old 07-15-2015, 02:10 PM   #3
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I always WANT to win, but frequently realize it is unlikely. Most bidding happens at the last minute. Rest assured, you will very likely lose.

I do not do that much on ebay, but from what I have seen the bid will go up last minute...

If there is something my sister wants, she is on the site just prior to the end of sale... lots of bidding in the last minute or two....

Now, on big items nothing might happen... I got a boat that way Well, I shouldn't say nothing happened... someone was bidding against me, but it was only one and they did not want it that bad.... still, I got a great price...
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Old 07-15-2015, 03:31 PM   #4
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Unless it's a buyitnow I always use an eBay bidding snipe program to make my bids. It's a program that waits until the last few seconds to submit your bid for you. Just decide at the beginning the max I'm willing to pay and ignore it until it ends. If I find a better deal or get a change of heart before the bidding ends it's easy enough to cancel my bid on the snipe program.
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Old 07-15-2015, 07:47 PM   #5
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Yep, I place an "emotional" bid and a day or so later the item loses its appeal so I hope to get outbid.


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Old 07-15-2015, 11:27 PM   #6
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I did get outbid. But if the price doesn't go up, tomorrow I may have to place my real "max bid"

I like that phrase, "emotional bid".
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Old 07-16-2015, 12:36 AM   #7
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Hopefully its not a beautiful large timeshare as some of those go incredibly cheap...
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Old 07-16-2015, 07:20 AM   #8
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what is the snipe program and where do you find it?
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Old 07-16-2015, 08:53 AM   #9
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Hopefully its not a beautiful large timeshare as some of those go incredibly cheap...
No, much better than a timeshare. I bidded on a mechanical keyboard.

I just upped my bid to my final walkaway bid. Now if outbid, I won't feel bad with non-buyer's remorse. If I end up winning, I won't feel like I overpaid either (I'll worry about the "Do I really need this?" part later ).
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Old 07-16-2015, 09:25 AM   #10
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what is the snipe program and where do you find it?
A snipe program (web site) submits your ebay bid for you in the very last seconds (usually around 5 seconds but can be configured) so those manually bidding usually won't have time to resubmit another bid. The security concern is that you have to give the snipe site your eBay user/password. I've been using one for over 5 years and never had any issues, I frequently change my eBay password. Google 'eBay snipe', many to choose from, I use biddingscheduler.com.
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Old 07-16-2015, 09:31 AM   #11
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I've always wondered why anyone bids before the last few seconds. You're essentially just giving money to the seller by bidding up the item and trying to start a bidding war. Far better for the buyers if we all just dump in our bids blindly at the last minute than to compete with one another.
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Old 07-16-2015, 10:10 AM   #12
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I've always wondered why anyone bids before the last few seconds. You're essentially just giving money to the seller by bidding up the item and trying to start a bidding war. Far better for the buyers if we all just dump in our bids blindly at the last minute than to compete with one another.
I think without a scheduler like that snipe program mentioned, the risk is forgetting to bid if waiting until the last minute. There is the Watchlist reminder, but that assumes I'd be online the moment for the "last call" for bidding.
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Old 07-16-2015, 10:42 AM   #13
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I've always wondered why anyone bids before the last few seconds. You're essentially just giving money to the seller by bidding up the item and trying to start a bidding war. Far better for the buyers if we all just dump in our bids blindly at the last minute than to compete with one another.
I've always wondered why people snipe. I put in my max bid and walk away without worry. It only shows that I am one increment above the next base price/other bidder. And Ebay automatically bids for me until my max is reached. If I'm outbid so be it. Someone wanted it more than me.
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Old 07-16-2015, 11:14 AM   #14
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I've always wondered why people snipe. I put in my max bid and walk away without worry. It only shows that I am one increment above the next base price/other bidder. And Ebay automatically bids for me until my max is reached. If I'm outbid so be it. Someone wanted it more than me.
Consider two cases:

First is the bidding strategy you describe. The alternative is to put in the same max bid 20 seconds before the auction closes. You will pay the same maximum amount in either case, but in case B you avoid the possibility of tempting competitors to outbid you and, if you win, you will likely pay less.

Your approach is fine if getting a bargain is irrelevant. For many of us Ebayers (and E-Retirers) it is not.
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Old 07-16-2015, 12:24 PM   #15
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Consider two cases:

First is the bidding strategy you describe. The alternative is to put in the same max bid 20 seconds before the auction closes. You will pay the same maximum amount in either case, but in case B you avoid the possibility of tempting competitors to outbid you and, if you win, you will likely pay less.

Your approach is fine if getting a bargain is irrelevant. For many of us Ebayers (and E-Retirers) it is not.

How does putting in a max bid 5 days till the end or 20 seconds make any difference at all If someone outbids you, then you are outbid... where is there any 'tempting' going on

It is called a max bid for a reason....
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Old 07-16-2015, 12:29 PM   #16
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How does putting in a max bid 5 days till the end or 20 seconds make any difference at all If someone outbids you, then you are outbid... where is there any 'tempting' going on

It is called a max bid for a reason....
Because in an auction the psychology of competing bidders matters. Time and again I've seen a low starting price stay low until some fool puts in a bid... then the competition begins, the price ratchets up and the potential bargain is destroyed.

Folks that put in their true max bid and never raise it should be happy to bid at the last minute. They'd be far less likely to find a competitor making bid after bid slowly convincing themselves to go ever higher.
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Old 07-16-2015, 01:45 PM   #17
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Because in an auction the psychology of competing bidders matters. Time and again I've seen a low starting price stay low until some fool puts in a bid... then the competition begins, the price ratchets up and the potential bargain is destroyed.

Folks that put in their true max bid and never raise it should be happy to bid at the last minute. They'd be far less likely to find a competitor making bid after bid slowly convincing themselves to go ever higher.
This sounds a lot like a timing vs set it and forget it thing.

A quick search yields a discussion on this very topic from.. um.. Ebay

Quote:
This discussion is about how to win items on eBay, while paying the lowest price possible. Most bidders automatically assume the best bidding strategy is to place a low bid in at the last minute of the auction, but this may not always be the best strategy. Below is an exploration of the pros and cons of different bidding strategies.
Bidding Strategies: Tips for Successfully Winning Items | eBay
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Old 07-16-2015, 04:46 PM   #18
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Because in an auction the psychology of competing bidders matters. Time and again I've seen a low starting price stay low until some fool puts in a bid... then the competition begins, the price ratchets up and the potential bargain is destroyed.

Folks that put in their true max bid and never raise it should be happy to bid at the last minute. They'd be far less likely to find a competitor making bid after bid slowly convincing themselves to go ever higher.
That is probably because people think that it is better to wait till the last second to put in a bid..... not that your max bid caused the problem...


IOW, if I put in a max bid for $100 and it is listed at $10.... how is that creating any problem... someone comes and says 'that is way to low for this, I will bid more'.... and so they do... now if their max bid is $75... then it goes up to $75 quickly... it does not mean that the $10 would have won if the max bid of $100 was not entered....


And BTW, say the other person also has a $100 max bid... who will win Yep, the person who put it in first...
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Old 07-16-2015, 06:05 PM   #19
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That is probably because people think that it is better to wait till the last second to put in a bid..... not that your max bid caused the problem...


IOW, if I put in a max bid for $100 and it is listed at $10.... how is that creating any problem... someone comes and says 'that is way to low for this, I will bid more'.... and so they do... now if their max bid is $75... then it goes up to $75 quickly... it does not mean that the $10 would have won if the max bid of $100 was not entered....


And BTW, say the other person also has a $100 max bid... who will win Yep, the person who put it in first...
If auctions transpired the way you suggest you'd never see multiple bids from the same bidder. I see them all the time. Early bidding encourages this and late bidding suppresses it.

And of course Ebay in their advice to bidders will discourage sniping. They make the most money when the selling price is highest. If you want to give Ebay and the seller more of your money be my guest.
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Old 07-16-2015, 08:14 PM   #20
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IOW, if I put in a max bid for $100 and it is listed at $10.... how is that creating any problem... someone comes and says 'that is way to low for this, I will bid more'.... and so they do... now if their max bid is $75... then it goes up to $75 quickly... it does not mean that the $10 would have won if the max bid of $100 was not entered....
My experience with eBay is that many bidders don't submit a max bid, they bid whatever is needed to make them the highest bidder. They may be willing to bid $100 if needed but will only submit a bid for $10 if that's what it takes to get them to the top. If my max is $100 and I wait and submit my bid at the very last second I might get it for $12 since they won't have time to submit a higher bid. If I submit my max bid early it might cause the other bidder to drive up the bid to $100. Obviously it rarely works out that good but I found I got better results by using one of the snipe programs.
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