In that scenario, you want to bid the minimum amount that can win, because anything higher is a waste of money. 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. 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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