Belt Auction

Is this a good strategy for bidding on Ebay?

There's a dress that I want and the current bid is £1.05 and it ends in 3 days. If at the last possible couple of seconds I enter my bid of £1.20 and a ridiculous maximum bid of £100 (assuming theirs doesn't go over £30-50) is there a good chance I'll win? Presumably, the bidding won't exceed £10 in 20-30 seconds...

Public Comments

1. Always bid 2 cents over yor maximum regardless of how much time is left to bid this way you won't overpay for the item and you stand the best chance at outbidding the smart ones who only bid 1 cent oiver their max.
2. Bidding at the last minute is a good plan. I would be careful about putting in a really high bid. I would bid at the last minute and put in the maximum you are actually willing to pay for the dress. Don't put an amount way over that in the hope that another bidder only bids to a certain level. Good luck
3. Not a good idea at all, decide on the maximum you would be prepared to pay and just enter that as your maximum bid, ebay will automatically increase the current bid up to whatever is your maximum. If you leave it to the last 30 seconds, you will only get chance to make 1 bid, you may be lucky and win it for £1.20 but i doubt it, the first bidder will have bid much more than £1.05. It may be worth trying to bid your maximum in the last 30 seconds, but make sure you dont leave it too late.
4. If you do that you may well find that someone else has had the same idea and put in £90, you may well win the bid but at what cost, the best way is to put in your maximum bid and hope that it goes for less, some times you will be outbid at the end and then get a second chance offer at you last bid but the seller may have other accounts so that they can push up the price knowing full well that they will win it and a second chance offer will get them the highest price, it is totally against the rules but it does happen, that is why I never accept a second chance.
5. "Presumably, the bidding won't exceed £10 in 20-30 seconds..." == Want to bet ? Let's say current bid is zero. At 10 seconds to go, you bid a max of £100. The bid jumps to 1p. At 5 seconds to go, a second bidder enters a max of £30. The bid jumps to £30.01 (and you are still winning) ...& that person starts to enter a new max.. .. At 2 seconds to go, the second bidder manages to get in with a new max of £50. The bid jumps to £50.01 and you are still the winner. At 1 second to go, a 'snipe' software user automatically puts in a max bid of £99.99 ... the bid jumps to £100 and YOU WIN ...