P3D Re: Auctions

[jacob@xxxxxxxxxxxxxx (Gabriel Jacob)]

Ahhh, I see the ebay thread hasn't died out yet and there is still
interest! :-) Okay here goes, with the first post.

>2) Placing a maximum bid early does NOT reveal your hand, since
>others will only see the next bid increment, not your maximum.

Of course placing a bid early doesn't reveal your maximum but
what it does is reveal your hand in the same sense as playing
poker. They first have a clue that your interested in the item.
Second, they can bid early on and see if they beat your maximum.
If they don't, they have a couple of days to decide if they want
to resubmit a bid to try to BEAT your maximum. Why give them 
that chance! Why not use the advantage ebay affords you with
sniping.

>However, in the event of a tie, the earlier bidder wins! 
>This means that if you place an early bid, and at the last minute, a
>sniper matches your maximum,

The probability of this is low.

>or you raise your bid to match the sniper's, you win!

Good luck in sniping a sniper.

Gabriel


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