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<p>[QUOTE="Conder101, post: 6332869, member: 66"]A snipe bid is a max bid placed in the last few seconds of the end of the auction like the last 3 to 5 seconds. It won't win out over a previously placed higher proxy bid, but it does prevent any other bidder who is just waiting to raise their bid if they get outbid from having the time to do so. It also prevents that situation mentioned earlier where a shill runs your bid up to your maximum and the retracts leaving your maximum bid exposed and in play. A snipe bid can be placed by you personally, or there are computerized services that will place the snipe bid for you. The advantage of the computer service is it can place bids in multiple auctions that are ending at the same or very close to the same time, or if the auction is ending at a time that is inconvenient for you to be sitting at the computer to do it yourself. It also lets you set your snipe bid and then not have to worry about remembering to be there for the end. It's a "set it and forget it" option.</p><p><br /></p><p>I don't bid much anymore, but when I do I use a sniping program.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 6332869, member: 66"]A snipe bid is a max bid placed in the last few seconds of the end of the auction like the last 3 to 5 seconds. It won't win out over a previously placed higher proxy bid, but it does prevent any other bidder who is just waiting to raise their bid if they get outbid from having the time to do so. It also prevents that situation mentioned earlier where a shill runs your bid up to your maximum and the retracts leaving your maximum bid exposed and in play. A snipe bid can be placed by you personally, or there are computerized services that will place the snipe bid for you. The advantage of the computer service is it can place bids in multiple auctions that are ending at the same or very close to the same time, or if the auction is ending at a time that is inconvenient for you to be sitting at the computer to do it yourself. It also lets you set your snipe bid and then not have to worry about remembering to be there for the end. It's a "set it and forget it" option. I don't bid much anymore, but when I do I use a sniping program.[/QUOTE]
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