The Pre-snipe snipe
I have not used the sniping programs, but do think chipping away at max bids is real. I prefer to place my max bid at 5-7 seconds before the end of the auction, the pre-snipe bid. This prevents manual bidders from topping me by rebidding. If I lose to Leon with his $10,000 max bids, so be it. But if I happen to match the snipe bid (and this has happened), my pre-snipe trumps the snipe.
As I tell my wife, if you lose at the casino, the money is no longer in your pocket, but if you lose to a snipe bid, you break even.
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