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Underbid because of bid increment?

 
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rickyk4



Joined: 06 May 2009
Posts: 23

PostPosted: Thu Nov 05, 2009 3:21 pm    Post subject: Underbid because of bid increment? Reply with quote

Looks like I finally ran into a bid increment-derived loss, that others have reported before. Item #220504562422, I bid $3.29, but yet the winning bidder won with only $3.10!

What was the solution to avoiding this problem? Did it have something to do with not setting the offset time too low? Or is it just something you can't get away from?
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Cupid



Joined: 09 Aug 2007
Posts: 6880
Location: Bristol, UK

PostPosted: Thu Nov 05, 2009 5:20 pm    Post subject: Reply with quote

Well, the winning bid was placed 7 seconds before the end of the auction, so anything less than 6 seconds offset was going to result in eBay rejecting your bid, if however you had chosen an offset greater than 7 seconds then your bid would have been accepted and the other bid would have been rejected when they tried to place it.

So in a long winded way, I'm just agreeing with you, a larger offset would have won you the auction... which is why I always go for an offset greater than the default (6 seconds) on at least one of the servers, for precisely this situation.
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Last edited by Cupid on Sat Nov 07, 2009 4:02 am; edited 1 time in total
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juangrande



Joined: 09 Aug 2007
Posts: 890
Location: San Diego, California, USA

PostPosted: Fri Nov 06, 2009 3:10 pm    Post subject: Reply with quote

This only comes up if you're trying to win this with a hair-thin margin. Another approach would be to simply bid more. Of course, then it costs more to win...
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If you don't know where you are going, you will wind up somewhere else.
--- Yogi Berra
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