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Best optimum time to set bid

 
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Flower123R
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PostPosted: Sun May 24, 2020 5:48 am    Post subject: Best optimum time to set bid Reply with quote

Can you please advise on what is the best optimum time to set an automatic bid; 3, 4, 5, 6 or more seconds. Thank you.
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Cupid



Joined: 09 Aug 2007
Posts: 6323
Location: Bristol, UK

PostPosted: Sun May 24, 2020 6:08 am    Post subject: Reply with quote

It is left as an option for people to set precisely because there is no agreement about what is best.

There is a lot of discussion about it on other threads here though.

Different scenarios produce different outcomes for different offsets. Personally I prefer offsets that are a bit longer than the default of 6 seconds as I gain the advantage of the bid increment rule as a result, but the benefits of that are marginal at best.
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mario
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Joined: 03 Oct 2006
Posts: 6587

PostPosted: Sat May 30, 2020 7:15 am    Post subject: Reply with quote

I second this, I personally always use 8 seconds.
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