This is from the front page of gavelsnipe.com:
GavelSnipe improves your odds to win auctions at lower prices. By not tipping your hand early, your bids won’t start as many costly bidding wars, or lose lots you’d have otherwise won.
Simply type, or copy and paste, the auction URL into your MY SNIPES page, and enter your bid. Or better yet, use the time-saving Snipe-It! Toolbar instead. GavelSnipe displays everything for you, with optional email updates nightly, and/or whenever you get outbid.
Seconds before each auction ends, GavelSnipe submits your bid from three bid servers (in
separate cities). Your computer does not have to be turned on.
If you ever want to retract any bid, you can do so up to five minutes before the auction closes.
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