I have written in the past about the use of DealDash’s Bid Buddy system. It is a great tool, to win auctions.
However it is also a great tool to learn how and when other players bid. Over the past few months I have really watched the patterns that some players have, and I started all of this with the Bid Buddy.
As you know the Bid Buddy books automatic bids, so if you want to step away from an auction and still participate in the auction, you are able to. However I have began to use it for more than just that. Each auction has a countdown timer, as to when it will begin. It is important to pay attention to this timer. When it hits 10 seconds the auction is now live.
My secret is to enter my automatic bids as close to 10 seconds as possible. This gives me a point of reference in the auction. If I manage to enter my bids at 11 or 12 seconds, I should be the last automatic bidder. When my name comes up in the auction, it is fairly simple to tell how many automatic bidders there are which can be really valuable information.
If my first automatic bid comes up early (15 to 20 cents) I know that there are only a few other bidders that I need to beat out. If it happens to be between myself and another automatic bidder, I will jump on that bidder so that they use their automatic bids, and hopefully no one else enters the auction, and I can win. These are just suggestions, however they can be useful. Hope they are helpful when you’re planning your next penny auction bidding strategy on DealDash.com.
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