Very Upset With Myself

[travrosty]

Originally Posted by t206hound

The entire reason that sniping exists is to combat the bidders (or potentially shillers) who chip away at your max bid... essentially the less disciplined bidder who continually bids "just one more time" to see if he/she can be top bidder.

There was a card I sniped last night at a price roughly half of what I was willing to pay. If I had put in a max bid, I believe that I would have ultimately paid a higher price on that item as it would have given one or more people more time to chip away at my bid.

there is no chipping away at the bid.

Whether sniping or not, he put in the price he was willing to pay for the piece. that's it. you won it, because your bid was higher. if he wanted to pay more, you think he would have bid more before time ran out, right? he didn't, because he wasnt willing to pay more.

its a psychological balm only, this sniping, there is no sniping, you put in the most you are willing to pay, he puts in the most he is willing to pay, whether you both enter it right away or with one second left, and the highest bid takes it. if you are kicking yourself because you should have entered more, THEN ENTER MORE!

[t206hound]

Originally Posted by travrosty

its a psychological balm only, this sniping, there is no sniping, you put in the most you are willing to pay, he puts in the most he is willing to pay

I think this where your assumption is incorrect. Under your assumption, you would only see one bid on an item from each user id. Look at bid histories of some of the items that you've bid on. It's not uncommon to see the same user id place several bids on the same item. If he put in the most he was willing to pay, he wouldn't have to bid again. He is chipping (trying to find the lowest bid that will put them in the lead) or he is undisciplined and thinks maybe if I just go $X more, I'll win (and repeats this several times). In the end, it's my belief that I win more items (and pay less for them) by sniping.