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placing bids 6 seconds or 3 seconds?

 
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PostPosted: Wed Dec 30, 2009 6:51 am    Post subject: placing bids 6 seconds or 3 seconds? Reply with quote

Can someone explain how it works against you if you choose 3 seconds instead of 6? Apparetnly it does due to the 'bid increment rule'?

Thanks
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Cupid



Joined: 09 Aug 2007
Posts: 6503
Location: Bristol, UK

PostPosted: Wed Dec 30, 2009 7:21 am    Post subject: Reply with quote

The bid increment rules dictate that each bid accepted by eBay must be at least one increment above the current auction price.

Since there may be other bids accepted in the last few seconds the later your bid the more likely the price will have risen to the point where your bid is no longer a sufficient amount above the current price to be accepted by eBay, it is thus more likely that even though your bid may have been higher than anyone elses it is still not high enough to win the auction.

Another eBay rule is that if two bids of the same amount are accepted by eBay the earlier one wins, so the later your bid the more likely you are to loose because of this.

Finally the later you bid the more likely it is to be too late due to network latency, or server overload either at eBay or at Gixen.
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Mark


Last edited by Cupid on Thu Dec 31, 2009 4:24 am; edited 1 time in total
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PostPosted: Wed Dec 30, 2009 3:58 pm    Post subject: Reply with quote

many thanks very helpful to know
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