I emailed the guy and asked to have my bid cancelled. I didn't make up any random ass excuses, like people do. I straight told him why I wanted him to cancel my bid. I'm not dishonest like some other people out there. I've bought great stuff on the EE. But I have never committed to something that I wasn't set on buying. If the seller hadn't cancelled my bid, then I had won, I would have bought it and resold it either on the EE or on ebay again. But I didn't even have to worry about that because someone else outbid me.
Please don't judge people based on one post online. You can't possibly know what kind of person I am from one single question.
BTW: Last time I checked, you have 30 days (depends on the type of contract) to cancel a contract. I realize that on ebay, they adjusted their user agreement to make it safer to bid online, but I can still legally cancel the contract.