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London Coins-- another suspicions of shill bidding thread
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<p>[QUOTE="Heliodromus, post: 7875628, member: 120820"]Let's consider what the alternative outcomes are if you instead *live* bid 500 rather than pre-bid:</p><p><br /></p><p>1) You win coin for <= 500</p><p>2) Coin sells for <u>exactly</u> 500 to someone else's pre-bid (early bid takes precedence)</p><p>3) Coin sells for more than your max of 500</p><p><br /></p><p>Your "positioning/early" pre-bid strategy is only a winning tactic in the narrow case 2). In the broader case 1) it's a losing strategy in the event of shill bidding. and in case 3) it makes no difference.</p><p><br /></p><p>If you're really trying to avoid losing the coin for 500+1 increment, I'd just live bid; you may get lucky and win for < 500, or if it does reach exactly 500 you still have the option of going one increment higher.</p><p><br /></p><p><br /></p><p><br /></p><p>Even in that situation, if you think your bid does have a small chance of winning, then why not still give it the benefit of treating it as a "real bid" and not pre-bid unless you have to? I suppose it could make sense if you think your chance of winning is so small that it's not worth the inconvenience of live bidding, and you really just want to avoid the annoyance of seeing it go for less![/QUOTE]</p><p><br /></p>
[QUOTE="Heliodromus, post: 7875628, member: 120820"]Let's consider what the alternative outcomes are if you instead *live* bid 500 rather than pre-bid: 1) You win coin for <= 500 2) Coin sells for [U]exactly[/U] 500 to someone else's pre-bid (early bid takes precedence) 3) Coin sells for more than your max of 500 Your "positioning/early" pre-bid strategy is only a winning tactic in the narrow case 2). In the broader case 1) it's a losing strategy in the event of shill bidding. and in case 3) it makes no difference. If you're really trying to avoid losing the coin for 500+1 increment, I'd just live bid; you may get lucky and win for < 500, or if it does reach exactly 500 you still have the option of going one increment higher. Even in that situation, if you think your bid does have a small chance of winning, then why not still give it the benefit of treating it as a "real bid" and not pre-bid unless you have to? I suppose it could make sense if you think your chance of winning is so small that it's not worth the inconvenience of live bidding, and you really just want to avoid the annoyance of seeing it go for less![/QUOTE]
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London Coins-- another suspicions of shill bidding thread
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