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<p>[QUOTE="Conder101, post: 1725313, member: 66"]True but lets try a simplified hypothetical example.</p><p><br /></p><p>We have a lot that only two people are interested in. It opens at $10 and you are willing to pay $200. So you put in your $200 bid and you are done. Now the other guy is a nickel and dime bidder who just bids a small amount over the current high bid until he is high and then bids again whenever he is out bid. But he is only willing to go to $180. So your high bid at $10 and he bids. Your proxy max bid out bids him so he keeps bidding until he is out at $180. You win at $185, less than your max bid and you are happy.</p><p><br /></p><p>Now this time same thing only I'm sniping and I am willing to go $200, the other guy is the same nickel and dimer but this time let's say he is will to go to $250. Well he starts the bid at $10 and it sits there. Then 3 seconds before the end of the auction my $200 snipe comes in and I am high bidder and the winner at $11 because the 5&10 guy doesn't have a change to counter. Even though in the long run he would have been willing to pay more than me, I win, and at $174 less than you did.</p><p><br /></p><p>Now if it had been you and I both at $200 with you doing a proxy max bid and me sniping then you win because as you said person willing to make the highest bid wins. and even though yours and mine are the same yours was placed earlier.</p><p><br /></p><p>So as I said earlier a sniper really doesn't have an advantage over a max bidder, but I do have an advantage over someone who DOESN'T snipe or use max bids, compared to someone who just uses max bids. That's why people snipe, it's the better strategy.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1725313, member: 66"]True but lets try a simplified hypothetical example. We have a lot that only two people are interested in. It opens at $10 and you are willing to pay $200. So you put in your $200 bid and you are done. Now the other guy is a nickel and dime bidder who just bids a small amount over the current high bid until he is high and then bids again whenever he is out bid. But he is only willing to go to $180. So your high bid at $10 and he bids. Your proxy max bid out bids him so he keeps bidding until he is out at $180. You win at $185, less than your max bid and you are happy. Now this time same thing only I'm sniping and I am willing to go $200, the other guy is the same nickel and dimer but this time let's say he is will to go to $250. Well he starts the bid at $10 and it sits there. Then 3 seconds before the end of the auction my $200 snipe comes in and I am high bidder and the winner at $11 because the 5&10 guy doesn't have a change to counter. Even though in the long run he would have been willing to pay more than me, I win, and at $174 less than you did. Now if it had been you and I both at $200 with you doing a proxy max bid and me sniping then you win because as you said person willing to make the highest bid wins. and even though yours and mine are the same yours was placed earlier. So as I said earlier a sniper really doesn't have an advantage over a max bidder, but I do have an advantage over someone who DOESN'T snipe or use max bids, compared to someone who just uses max bids. That's why people snipe, it's the better strategy.[/QUOTE]
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