Question: Sniping Bids...Just Below or Just Above a Whole Number?

JackWESQ

Quick question to the board about your sniping bids. Let say you were going to set your sniping bid at $100.00. Do you think it would make a difference if you set your sniping bid at $99.99, $100.00 or $100.01? I have no rhyme or reason for this question. It just came to me while I was looking at an auction. If you do set your snipe at a bid OTHER THAN a whole number, why do you do that? Thanks.

/s/ JackWESQ

Stone193

Jack

I stink at this but I set them a penny over - I have had someone bid 10.00 e.g. and I've won the auction at 10.01.

Don't know why or how it works but that's what happened.

mike

thenarcissus01

It seems to me that a lot of people like to bid nice round numbers, so I usually bid a few pennies over.

storm888

I always throw a few cents after the dollars.

It is a luck thing.

nightcrawler

I add my favorite number in pennies.

But whatever blows your hair back.

jmbkb4

$XX.69 is a good one.

clayshooter22

Porkchpper, turn away now!!

LOL, he and I butt heads a couple times on Puckett stuff...


I always seem to do well with this, figure what round dollar you want as a limit, then figure if someone bid that number what minimum raise would win above the round number...bid that amount plus a few cents to catch the guys that go a few pennies above. So, if a $6 bid max needs .25 min raise then I snipe at $6.35. I don't miss out on too much this way.

Publius

Just like the craps table, always go with 8's and 6's.

If I think its going to go for $100, I go with $108.60, or some semblence thereof.

It seems all of these dumb habits we all have, bidding on uneven numbers, is not a dumb habit, but a rampant dumb trait among men.

someone could write their entire thesis on male behavior by reading these boards.

joe

Estil

The idea is to, using your example, make your bid something like $102.07 thinking that most people will only bid up to exactly $100 and will help get past people who think they're clever bidding $100.01.

Griffins

a bid increment over if you want to win.
If the increment at say, $500. is $5. then bid 505.69
If you want to just run up a bid but not win, then go 499.99
I always look at the bids just under a whole number with a bit of suspicion.

MeteoriteGuy

The extra penny can be pretty powerful. $20.01 beats $20.00 all day long, and forces the other bidder to go up to the next amount, $21.00 to beat you.

Mark

themetalsign

Lets not give our sniper secrets out guys...........................

zef204

<< <i>Lets not give our sniper secrets out guys........................... >>

CDsNuts

I always bid $1,000,000 so I'll win it no matter what happens.

Lee

ping4u43

Then why didn't you win the 86 FB Rac Case??

calaban7

I only bid on certain items with basicly the same bunch of guys going at it. Its good to know what the general bid range is for the other collectors. When I know there are more than a handful of say a PSA10, I usually let the high roller go 1st, then wait for more to show up. Also I never understand why sellers will end an auction on a latter weekday night as most buyers hunt on the "BAY" on the weekends. These auctions tend to go cheaper.

To answer your question, being the calaban 7 man, all of my auctions end in some form of 7.

CDsNuts

I think the winner bid $1,000,001 ping. Or something like that.

Lee

Allen

I usually go with more than xx.51 over and usually make it random so people can't figure it out. Like 36.76 or 73.89

rbdjr1

add another 11%!

example:

$ 10.50

add 11%


$ 11.66

rd

JackWESQ

Genius - Extraordinary intellectual and creative power. Stephen Hawking - Genius. Galileo - Genius. Isaac Newton - Genius. And I dare say, the collective knowledge of this board on the hobby - Genius.

So there was an auction ending tonight and I was going to bid $200.00 exactly. And then I recalled my inquiry and response in this thread. The bidding increments for this action was $1.00. So I was going to bid $201.00. But then, I remembered what jmbkb4 said about "$XX.69" so I decided to bid $201.69. I put in my bid with about 5 seconds to go and I won the auction. The bid just below mine? $200.00 exactly. So if I had bid $200.00 exactly, I would have lost because I believe earlier bids of the same amount take precedent. Like I said, genius.

/s/ JackWESQ

Publius

<< <i>Genius - Extraordinary intellectual and creative power. Stephen Hawking - Genius. Galileo - Genius. Isaac Newton - Genius. And I dare say, the collective knowledge of this board on the hobby - Genius.

So there was an auction ending tonight and I was going to bid $200.00 exactly. And then I recalled my inquiry and response in this thread. The bidding increments for this action was $1.00. So I was going to bid $201.00. But then, I remembered what jmbkb4 said about "$XX.69" so I decided to bid $201.69. I put in my bid with about 5 seconds to go and I won the auction. The bid just below mine? $200.00 exactly. So if I had bid $200.00 exactly, I would have lost because I believe earlier bids of the same amount take precedent. Like I said, genius.

/s/ JackWESQ >>



Lets stop short of calling JMBK4 on the same plane with Isaac Newton for offering up a tidbit about ending snipes with 69

Stephen hawking genius.... yes, Fermet, no

joe

williplett

I always set my snipes XX.69 because I have a juvenile sense of humor.

Publius

<< <i>I always set my snipes XX.69 because I have a juvenile sense of humor. >>



I was reading some magazine a few years ago, I think it was maxim, or maybe the New Yorker.

amyway, they were talking about the slangs for good poker starting hands. You know, ducks = pair of dueces, hockey sticks = pair of sevens etc. but this was the dirty version of the slang hands

so most of you know ace/ king is known as big slick, well the slang name for 6 /9 off suit is the big lick.

I always bring that up in poker games when i show the hand.

joe