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How Snipe BIdding Works

Last Second Bidding is
THE secret to winning!

 

Do you want to win auctions instead of being outbid everytime? Do you also want to win at the best possible price? It is not magic, there is a known technique that allows you to gain an advantage in bidding.

The secret is Snipe Bidding. Snipe Bidding means placing a bid in the final seconds of an auction. This technique allows the bidder to obtain the best price without bidding against non-serious bidders who run up the price. Sniping also allows bidders to win auctions that would otherwise be taken away by non-serious bidders who place high bids just for the thrill of winning. You can find more information about how snipe bidding works in this article

You can't always be at your computer when an auction is about to end to place that critical bid. You may forget, you may not home or may be asleep. You need a Snipe-To-Win to place the bid for you automatically at exactly the right time. No worries about typo's or having to login and missing the end of the auction.

How Much Of An Advantage?

 

You can see from the chart how the probability of winning an auction increases for bids placed in the final seconds of the auction. Graph information modified slightly to make meaning clearer. Graph data is derived from similar graphs in the paper “Bidding Process In Online Auctions And Winning Strategy: Rate Equation Approach” by I. Yang, and B. Kahng, Physical Review E 73, 067101 (2006)

Snipe bidding has both mathematical and psychological foundations. Even without the analysis, cool headed, experienced bidders have known for a long time that it is highly effective. Mathematicians have shown that Snipe bidding works statistically. Researchers at Seoul National University in Korea analyzed over a quarter of a million auctions and confirmed that Snipe bidding gives the best chance of winning(1). Bids placed early have less than a 50% chance of winning an auction. Snipe bids placed seconds before the end of an auction have the greatest percentage chance of winning an auction.

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Benefits of Snipe Bidding Software

Privacy - Other services require you to use their website. You must reveal to them every item you bid on. With Snipe-To-Win your purchases are private. They are between you, the seller, and eBay. Snipe-To-Win runs on your computer and does not report your bids to anyone. We also do not sell, rent, lease, or otherwise distribute your personal information to outside companies.

Reliability - Websites that offer to place bids have notoriously bad track records for placing bids. A Google search easily turns up countless stories of missed auctions because the bids were placed late or were placed not seconds before the auction end, but minutes. Snipe-To-Win lets you set the time you want the bid placed. Snipe-To-Win runs on your computer and needs to only monitor your account. It is not bogged down trying to place hundreds or thousands of bids like web based services.

Features - Snipe-To-Win includes the most desired and most useful features an eBay bidder needs. A great deal of research and customer surveys went into the development of the interface and features in Snipe-To-Win. You can find a list of features on the Feature page.

 

How does it work?

Let's take a look at a typical bidding scenario and see what really happens.

A seller posts an antique vase for $1.00. A bidder sees the auction and wants to add this vase to his collection. Another bidder also wants to add it to his collection, but only if he can get it at a bargain price. He puts in a $20 bid which meets the $1 minimum. Seven days left on the auction. At day three someone else bids $10 which raises the current price to $11 as the proxy bid for our first bidder. Then someone else bids $30 which takes out the $20 bid. Now another bidder is the high bidder. Our collector wants the vase so he goes back and rebids $200 and he is high bidder at $31. He patiently waits until the end of the auction and one day before the auction close a zero feedback bidder places a higher bid of $32. He is automatically outbid because our collector bid $200. The zero feedback bidder rebids immediately, $60, then $70, $90, $100, $120. He is not concerned with the price, he just wants to be a high bidder or run up the auction value for everyone else. Finally he bids $150, then he quits. Our collector's auto proxy bid is now $151. The auction closes and our collector wins. But, he just paid $151 for a vase that he could have purchased for $33 if he had used Snipe Bidding.

Now lets look at what really happened here and the mistakes made. First, our collector tipped his hand by showing interest much too early in the auction. Then he allowed others to run up the price. He posted the maximum he wanted to pay which let other people determine the actual selling price. The zero feedback bidder could bid anything. The odds are that he had no intention of paying even if he had won. Users with zero feedback fail to follow through and pay for high ticket purchases about 75% of the time.

What should our collector have done? He should have used a technique called Snipe Bidding. Snipe Bidding is a term used to describe bids placed in the last seconds of the auction. Here is how this auction would have gone if the collector had used this professional bidding technique. He would have seen the auction he was interested in, added it to his watch list in the Snipe-To-Win software. Here it would have been watched on his computer, but he would not have tipped his hand to anyone that he was interested. The other bidders would have placed their bids as they did. The zero feedback bidder would have also placed his bid but he would have stopped at $32 because that would have made him the high bidder. Some people like to be the high bidder on an item even if they have no intention of actually buying the item. They continue to bid up the price for no reason. Then the next real bidder is stuck paying the tab. If our collector had set his $200 bid in Snipe-To-Win, it would have been placed in the last seconds of the auction. The zero feedback bidder would have no time to up the price. Our collector would have grabbed the vase for $33 instead of $151

This scenario could have easily resulted in the collector losing the auction. If the zero feedback bidder had kept bidding until they won, the collector would have lost the auction. The high bidder never would have paid and the seller would have had to relist the item. 90% of the time when an item is re-listed, the original bidders are unaware that it has been relisted and will not rebid. This can make a second offering of the same item sell for much less so sellers want to sell on the first listing to legitimate bidders.

Do you want to win more auctions and at better prices? You now see how it is done. All you need is the right tool, Snipe-To-Win. Click the link below to signup for your free access. You will have access to both the online system and the free software versions. See for yourself how powerful Snipe bidding can be.

 

 

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