Reply to "Bid enhancement"

quote:
I'm still confused on how this works, just noticed the availability of the feature today, although I am a longtime user of auction sniper.

If I understand correctly this should protect against those instances where one is outbid by small amounts often of a dollar or two because of ebay's bid increments..


Mommom,

Tough to get any performance specifics or examples around here, but I'll tell you how I THINK it works.

Before Bid Enhancement (BE) feature, AuctionSniper (AS) was a one-shot deal. You set your max bid and AS attempted to execute that bid within the last several seconds of an auction.

The bid enhancement feature apparently turns AS into a 2-shot tool! If the first snipe fails, a second try is attempted based on user specified bid increments (2 - 6)over the max bid. Sort of like a main parachute plus a reserve chute.

For example:

You set a snipe for $50 with BE set to 3 bid increments. Ebay's bid increment at the $50 bid level is $1.

1) If current bid at snipe time is $49 or less, AS will place your $50 snipe. At that point, if you are proxy outbid, AS will attempt to place ANOTHER bid for $53 (3 bid increments above your max bid of $50).

2) If current bid at snipe time is $49.01 - $52, AS will place one bid of $53.

3) If current bid at snipe time is $52.01 or higher, NO bid will be executed.

4) If AS executes your max bid, you momentarily are winning the auction, then ANOTHER sniper exceeds your bid before the auction close, does AS monitor the auction between placing your bid and the end of the auction to try a second BE bid if necessary? WHO KNOWS? LOL! Big Grin

quote:

The increments go by bid increments, not max bids and should therefore be in the $1 to $2.50 dollar range, correct?


You select the number of bid increments (2 - 6) by which you wish to exceed your max bid if a SECOND bid is necessary.

The bid increments are established by ebay and vary according to the bid amount as follows (as of 8-3-2011):

for bids $0.01 to $0.99, bid increment = $0.05, BE (2 to 6) = $0.10 to $0.30,
for bids $1.00 to $4.99, bid increment = $0.25, BE (2 to 6) = $0.50 to $1.50,
for bids $5.00 to $24.99, bid increment = $0.50, BE (2 to 6) = $1 to $3,
for bids $25 to $99.99, bid increment = $1, BE (2 to 6) = $2 to $6,
for bids $100 to $249.99, bid increment = $2.50, BE (2 to 6) = $5 to $15,
for bids $250 to $499.99, bid increment = $5, BE (2 to 6) = $10 to $30,
for bids $500 to $999.99, bid increment = $10, BE (2 to 6) = $20 to $60,
for bids $1000 to $2499.99, bid increment = $25, BE (2 to 6) = $50 to $150,
for bids $2500 to $4999.99, bid increment = $50, BE (2 to 6) = $100 to $300,
for bids $5000 and up, bid increment = $100, BE (2 to 6) = $200 to $600.

I have no info what bid increment AS uses for snipes near bid increment transitions. For example, at a max snipe set to $24.75 the bid increment changes at $25 from $0.50 to $1. What does AS use for a bid increment? $0.50? $1? Some combination thereof? WHO KNOWS?! Big Grin If I had to guess, it would be the LOWER increment -- easier to program!

This is my understanding of how the feature is supposed to work. If I'm mistaken, somebody else may correct me, but don't count on it! Roll Eyes
×
×
×
×