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Reply to "Lost Bid"

I have the same question. I lost a bid tonight on an item with no bids on it until AS submitted my bid at 5 sec. I got an email saying that I was the high bidder with 0 minutes remaining. My bid was $20.00. I lost to a bid of $20.50. The bid number was 4007803556. This is the second time this has happened. I'm not sure if $.50 was even an acceptable bid increment. It seems odd that before my $20.00 bid the starting bid was $5.95. Something does not seem right, or else I just don't understand how things work.
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