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Just used for the first time and lost...not happy

Auction was at $461 with Reserve not met. I posted a snipe with a 3 second lead time. My max bid was $1002.50. Auction ended at $810 with reserve still not met. Why did it not bid my total $1002.50, which MAY or may not have made the reserve? Guess I should not have used this service the first time on an auction I have been salivating over for four days, but I just found out about Snipe a couple hours ago on another auction site I was watching. Am hesitant to try again, as I win a very high percentage of auctions I bid on, but thought this would be great for the ones I miss when at work....Please tell me what I did wrong. Thanks!
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