by knightkrawler » February 23rd, 2014, 7:42 am
Tasoe got it exactly right.
Wait for the right moment if you can. Ideally, that's about one minute before the end. Type in your maximum bid and click the button.
Random sums are important here as well as knowing what the outbidding steps are (1 cent/penny for under 50 bucks/quid; 1 buck/quid for over 50 bucks/quid; though I can't be sure about that -> inform yourself).
DO NOT CONFIRM THE BID YOU'VE JUST PLACED until 4 seconds before the end. And fret not, the timer is live all the time in this state before clicking confirm bid.
Example:
1) If you wanna pay 50 bucks including shipping for an item whose shipping is 4,80 bucks, type in 47,65, making your maximum price 52,45. You can live with that.
The psychology behind this is this: one other person will have the same argument I presented above and he will bid just over 45 pounds, outbidding two important thresholds at once: first, the 45 bucks for the item, which he thinks someone will bid; secondly, the 50 bucks for the item including the shipping. The likelihood of you winning the item climbs if you bid slightly more than your maximum wishful thinking, especially if these thresholds are involved.
2) Now Place your Bid.
3) Next window says Confirm Bid (I don't know the exact wording for ebay.co.uk). Don't. Wait for that until the timer shows 4 seconds to go. As tasoe says, the war is not worth it and raises the price because every bidder involved thinks he wants to raise his maximum more often the more often he sees he's outbid. The psychology is as simple as that.
4) Click the freakin' Button and wait for Ooohs or Aaahs. You'll be immediately notified of the outcome by pop-ups.
If this method doesn't work it's because I went ahead and posted my ingenious tactics for anyone to know.
Tasoe is also right in that the point in time when you bid is not that important as long as you know what I just presented and if you stick to your maximum-plus-random. If you can't wait for the auction to end to place your bid, which would be ideal, do it earlier whenever you want to or can. No auction should restrict your life and no item should raise your price.
And if you're interested in anything that anyone among us is interested in, too, announce the auction here. That has been going well for us for some time now.