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<p>[QUOTE=&quot;Conder101, post: 1236757, member: 66&quot;]If you &quot;may have bid more than your max bid, then your max bid wasn&#039;t your max bid.</p><p><br /></p><p>The bid your max bid and forget it win or lose does mean that you can&#039;t be made to pay more than you think the coin is worth.&nbsp; And the amout of wins will be the same whether or not you place that max bid early or as a last second snipe.&nbsp; (Actually placing them early does give you a very slight chance at more wins.)&nbsp; But overall you will also most likely pay more money for your wins with early bidding than with last moment snipes using the same max bids.&nbsp; This is because you will often be bidding against less sophisticated ebay bidders who try and win by just bidding against the current high bid until they have the high bid and then stopping.</p><p><br /></p><p>For example say there is a coin starting at $40 that you think is worth $100 and someone else is worth $90.&nbsp; And for simplicity sake let&#039;s assume you are the only two bidders and you are just going to bid your max and forget it.&nbsp; In this case it doesn&#039;t matter if you bid early or late or if the other guy bids early or late you are going to win the auction.&nbsp; If the other guy also bids his max it doesn&#039;t matter when he bids you will win for $92.50.&nbsp; If he bids just enough to beat the current high bid and you bid early you win at $92.50 because he has the time to keep trying to beat your bid until it passes his max bid.&nbsp; If he bids just enough to beat the high bid and you bid your max at the last moment you win at $41 or $42. depending on whether or not he bids before or after you.&nbsp; This is because he doesn&#039;t have the chance to bid again</p><p><br /></p><p>Now suppose the other guy was willing to bid $125.&nbsp; If you both do max bids you lose the auction and it doesn&#039;t matter who bids first or when.&nbsp; If you bid your max early and he just bids to beat the current high bid, if he bids early you lose the auction because he keeps getting out bid by your max bad and so keeps increasing until he beats it.&nbsp; If he&nbsp; bids late&nbsp; you may or may not lose depending on whether or not he has enough time to keep bidding until he tops your max bid.&nbsp; On the other hand if you bid in the last few second you will win the auction because he doesn&#039;t have enough time to keep entering a higher bid.&nbsp; So you win at a low level even though he was willing to go 25% higher than you were.</p><p><br /></p><p>To summarize a max bid placed in the last few seconds always wins except against a max bid higher than your own.</p><p>A max bid placed in the last few seconds will win against an incremental bidder at a price often well below your max bid even if the other bidder is willing to go much higher than you are.</p><p>A max bid placed early always loses to a max bid higher than yours no matter when it is placed.</p><p>A max bid placed early always beats an incremental bidder whose maximum is less than yours at one increment over his maximum.</p><p>A max bid placed early always loses to an incremental bidder whose maximum is greater than yours.</p><p><br /></p><p>From these five possibilities it should be clear that your best chance of winning, and winning for less than your maximum bid is to place that maximum bid in the last few seconds.&nbsp; In other words by sniping.[/QUOTE]</p><p><br /></p>

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