I think this link will answer your questions.
>Click Here<
quote:Are you sure? To lose by 10 to 20 cents the winning bid MUST have been recorded before yours, *OR* there were several bids after yours and the ending price was less than a dollar.
I will lose a snipe by .10 to .20 cents. That's very aggravating! And, no, someone isn't outbidding me on these. They are outsniping me.
(edit)... Nope you're right it could happen. Don't know what I was thinking.