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libbymob
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 Posted: Fri Aug 02, 2013 1:55 am Post subject: Snipe timing |
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Do you have any stats on the the success, or otherwise of the different snipe times. Obviously it is best ot have the minimum time possible, but 3 sec will leave little room for error or delay. I would always like to have 3 sec but am concerned that my bid may not get in on time. I have the mirror service.
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Cupid
Joined: 09 Aug 2007
Posts: 7969
Location: Bristol, UK
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| Posted: Fri Aug 02, 2013 2:37 am Post subject: |
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I don't have access to the statistics... however, since you need a Mirror subscription to use the three second snipe feature, reliability is not really an issue with the lower snipe times.
The reason I don't use them is because they are less successful when there are other snipers on an item, that is because when the price rises rapidly at the end of the auction you are more likely to end up in a situation where your higher bid does not meet the bid increment rule and is thus rejected by Ebay.
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mario
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| Posted: Fri Aug 02, 2013 6:40 am Post subject: |
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| Mark answered the question - there is no increased risk in using 3 sec snipes, but no benefit either. The option is still available for users who disagree with me on that. |
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Trnbob
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| Posted: Tue Aug 06, 2013 6:39 pm Post subject: Snipe Timing |
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| mario wrote: | | Mark answered the question - there is no increased risk in using 3 sec snipes, but no benefit either. The option is still available for users who disagree with me on that. |
An issue which has not been mentioned is the risk of entering the exact same bid as someone else. In that circumstance the earliest (as recorded by EBay) of the identical bids wins the auction. This happened to me recently, on a 3-second snipe, and I lost the item. This circumstance makes the latest possible bid a decided disadvantage. So I use the Mirror capability to space out the two bids; one earlier, to 'get the stake in the ground' of my highest bid, and the later one at 3 sec. as protection against system failures.
As to 'statistics'; I don't quite see how such statistics can be collected, since most of these auctions are unique events. Since you can't re-run duplicate auctions to test different snipe times (and you would somehow have to force other bidders to repeat identical bid behavior), I don't see how 'win' statistics for the past history of different snipe times would be meaningful. |
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Gixen
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| Posted: Tue Aug 06, 2013 6:39 pm Post subject: Snipe Timing |
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mario
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| Posted: Tue Aug 06, 2013 8:26 pm Post subject: |
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| It's actually been mentioned many times, and this is why I keep insisting that I personally use longer offsets (my favourite is 8 seconds). |
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Cupid
Joined: 09 Aug 2007
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Location: Bristol, UK
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| Posted: Wed Aug 07, 2013 2:28 am Post subject: |
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I agree that the policy when there are two bids of the same amount the earlier one wins is also an aspect that favours larger offset times> However that issue can largely be avoided by choosing odd amounts as your snipe amount, the issue of the bid being rejected because it is less than one bid increment above the current auction price can not be avoided in a similar way, and hence, in my view, is more significant.
I also agree with the comment about every auction being a unique event, and that hence statistics would not help a great deal.
Personally I don't feel it is necessary to have either of my Gixen bids be scheduled as late as 3 seconds.
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libbymob
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| Posted: Thu Aug 15, 2013 4:55 pm Post subject: Snipe Timing |
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| Thanks for the comments everyone. An interesting discussion and very enlightening. |
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