Quoted: Why? Whats the point? Its just like I said. Highest bid wins. Period. If my bid I enter 3 days from close is higher then your bid at the last second, I STILL win. And no one knows what a bidders highest potential bid is until its reached. In all reality not sniping is better because I can place my high bid and if its still not enough I have a few days to mull over if I really want to go for it and come back later with a higher bid.
And its funny, because I usually win more then I lose unless the item becomes more expensive then comparable items.
Like I said, earlier, theres 2 lines of thought with bidding.
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The reason sniping works so well on eBay is because the vast majority of eBayers are complete morons.
Specop_007 is correct that eBay is set up as a proxy bid and people
should just enter their highest bid at the beginning, but they don't. Instead they try and play it like a "real" auction where you enter a small bid just enough to outbid someone else, then wait to see if they outbid you, and then you place another slightly higher bid.
Of course, with eBay's absolute time cutoff, this is incredibly stupid. Then again, so are most eBayers. Because of this, sniping works like a charm. I can't tell you how many pieces of hatemail I've gotten from eBayers that I sniped crying that it wasn't fair of me to enter a bid at 3 sec. because they would've entered a higher bid. I usually just send a note back saying "it's an auction, high bid wins. I bid more than you, so I won. Quite whining."
So as long as stupidity runs rampant on eBay, sniping is going to be your best bet at buying goods cheaply. And I see no evidence of eBayers getting any smarter.