When To Place A Bid On BigDeal.com Auctions?
BigDeal.com Auctions are different from eBay’s. On eBay, the winner of an auction is often the person who places a bid with as little time left as possible (this is called “sniping” an auction). This is the case because eBay’s auctions end at a pre-determined time.
On BigDeal.com, like on offline auctions held by auction houses, time is added to the auction when someone bids. That means that bidding at the last second is not necessarily the best winning strategy.
When is a good time to bid then? Here are some tips we hope you find helpful:
- Some users like to bid with a few seconds left to see if anyone will bid before them. That strategy can help save bids but can seem passive to other bidders.
- Some users like to bid aggressively as soon as someone else bids. That strategy can help limit competition but it costs a lot of bids.
- Some users like to skip turns to try to save bids. That strategy can work but can be risky as the auction can end.
- Some users like to bid on every turn. That strategy ensures that the auction will continue but it can be expensive.
- Use a combination of the 4 strategies above depending on the auction you are in and the bidding patterns of other bidders.
Lastly, please be aware that bidding with just a few seconds left has a drawback: BigDeal.com counts your bid only when we receive it on our servers. When you hit the “BID” button, the information has to travel on the Internet and reach our servers before we can count your bid. If your browser, your PC, or your Internet connection slows down, we may not get your bid on time and the auction could end. If you have a slow PC/Browser/Web connection, we recommend that you avoid bidding with just a few seconds left on the auction.
Improve your strategy: read more bidding tips.
We hope this helps!
Nick, George, and Brandon
Co-Founders
