I am coming into this discussion late, but as one of the old-timers around here (even if I do not visit quite as frequently as I once did), this feature struck me as odd, because I do consider it a nibbling tool. And, yes, I do find it wenie-like to be unable to decide what one's true max is.
That said, I was also wondering about Jabbergah's question. I was SHOCKED to see that a $30 "max" would be upped to the $83 to win! Like him, I had understood three increments to mean three bid increments above my max. But apparently three increments REALLY means three increments above the current high bidder's max, going into the last few seconds? Wow! With that in mind, then there would seem to be no limit to what one might be obligated to spend, in case of a win. This is especially true when there is a nuclear bidder involved in the auction.
Chatter, you need to read Cara’s post more carefully.quote:Originally posted by Chatter:
I was SHOCKED to see that a $30 "max" would be upped to the $83 to win! Like him, I had understood three increments to mean three bid increments above my max. But apparently three increments REALLY means three increments above the current high bidder's max, going into the last few seconds? Wow! With that in mind, then there would seem to be no limit to what one might be obligated to spend, in case of a win. This is especially true when there is a nuclear bidder involved in the auction.
I summarized it for you Chatter incase you’re too busy.quote:Originally posted by Auction Sniper Cara:
Bid Enhancement places a second bid if your first bid was too low. The number of bid increments is based on your maximum bid, not on the current high bid.
. . .
Instead we base the Bid Enhancement on your max bid.
quote:Chatter, you need to read Cara’s post more carefully.
Yes, I had to reread Cara's post several times. I found it quite confusing that in answer to a question about how the feature works, a detailed example of how it DOESN'T was given!
Yes - just to reiterate - the $83 example was there to explain why we didn't base the additional Bid Enhancement increments on current price.
Bid Enhancement places the second bid with your max bid + the number of bid increments you choose.
Bid Enhancement places the second bid with your max bid + the number of bid increments you choose.
I must be smarter than the average poster.quote:Yes, I had to reread Cara's post several times.
Hi Cara!
Sorry I misinterpreted your $83 example. Could you say what the BE feature would do in the following scenarios with a max snipe bid set at $50?
Now I'm still a little unclear about how the current system is setup to work? In the above case with a $50 snipe, if the bid enhancement is set to 2 bid increments what actually happens?
If the pre snipe winning bid is $49.01, what bid does AS place? $50.01? $51.01? $52?
If the pre snipe winning bid is $49.95, what bid does AS place? $50.95? $51.95? $52?
If the pre snipe winning bid is $50.08, what bid does AS place? $51.08? $52?
In all cases, I'm thinking there would one $52 bid placed. Please correct me if I'm wrong.
If the pre snipe winning bid is $48.50, what bid does AS place? $50? $52? or $50 THEN $52 if necessary?
And now for extra credit! LOL! Snipe max set to $24.45 and BE set to 3 bid increments. There is an ebay bid increment change at $25 from $0.50 to $1. Here is your extra credit question: What bid increment amount does the bid enhancement feature use? a) 3 x $0.50?, b)3 x $1?, c) 1 x $0.50 PLUS 2 x $1, d) 2 x $0.50 PLUS 1 x $1, e) Something else. (Consulting the program developers is OK)
Thanks!
Sorry I misinterpreted your $83 example. Could you say what the BE feature would do in the following scenarios with a max snipe bid set at $50?
Now I'm still a little unclear about how the current system is setup to work? In the above case with a $50 snipe, if the bid enhancement is set to 2 bid increments what actually happens?
If the pre snipe winning bid is $49.01, what bid does AS place? $50.01? $51.01? $52?
If the pre snipe winning bid is $49.95, what bid does AS place? $50.95? $51.95? $52?
If the pre snipe winning bid is $50.08, what bid does AS place? $51.08? $52?
In all cases, I'm thinking there would one $52 bid placed. Please correct me if I'm wrong.
If the pre snipe winning bid is $48.50, what bid does AS place? $50? $52? or $50 THEN $52 if necessary?
And now for extra credit! LOL! Snipe max set to $24.45 and BE set to 3 bid increments. There is an ebay bid increment change at $25 from $0.50 to $1. Here is your extra credit question: What bid increment amount does the bid enhancement feature use? a) 3 x $0.50?, b)3 x $1?, c) 1 x $0.50 PLUS 2 x $1, d) 2 x $0.50 PLUS 1 x $1, e) Something else. (Consulting the program developers is OK)
Thanks!
quote:I must be smarter than the average poster.
Smarter?...questionable.
Ruder?.....not!
I was wondering if that was going to go unchallenged.quote:Smarter?...questionable.
Hi Jabbergah -
The only formula you need to remember when it comes to BE is the following:
Second snipe: Max bid + BE bid increments
You may win by less than this amount depending on what the current bid is when the second snipe fires. Or, you could lose if that amount is still not enough to beat the current bid.
If you end up using the feature, let us know how it goes.
Thanks!
Cara
The only formula you need to remember when it comes to BE is the following:
Second snipe: Max bid + BE bid increments
You may win by less than this amount depending on what the current bid is when the second snipe fires. Or, you could lose if that amount is still not enough to beat the current bid.
If you end up using the feature, let us know how it goes.
Thanks!
Cara
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.
It should alleviate the "oh, I lost by 50 cents" feeling we've all had.
The increments go by bid increments, not max bids and should therefore be in the $1 to $2.50 dollar range, correct?
Thank you.
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.
It should alleviate the "oh, I lost by 50 cents" feeling we've all had.
The increments go by bid increments, not max bids and should therefore be in the $1 to $2.50 dollar range, correct?
Thank you.
Hi mommom -
Yes - when you add Bid Enhancement you are choosing to add from 2-6 extra bid increments to your max bid.
Let us know if you try it.
Thanks!
Cara
Yes - when you add Bid Enhancement you are choosing to add from 2-6 extra bid increments to your max bid.
Let us know if you try it.
Thanks!
Cara
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!
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?! 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!
"Any"? I think Cara has been very helpful explaining this feature. AND, she's taken a good deal of time and patience doing it.quote:Tough to get any performance specifics or examples around here
I tried it today and I think it worked properly. The final bidding frenzy zoomed way past my incremental bid though. so it was still a loss.
Yep mommom -
We are working on a "never lose" feature too - of course it goes without saying that your max bid would have no limit in that case
Sorry you didn't win that one!
We are working on a "never lose" feature too - of course it goes without saying that your max bid would have no limit in that case
Sorry you didn't win that one!
Jabbergah -
You got it - with one caveat: BE may help you win by less than a bid increment depending on how the bidding plays out.
You got it - with one caveat: BE may help you win by less than a bid increment depending on how the bidding plays out.
I have decided to try this feature; when I selected 3 for the enhancement, the following text appeared below the selection box:
"Attempt 2nd bid if your snipe is within US $ 3.00 of winning."
As my max bid is 25, the "enhanced" bid should top out at 28. We will see, the auction ends in less than two hours.
Oh, a big NO on the ""never lose" feature"!
"Attempt 2nd bid if your snipe is within US $ 3.00 of winning."
As my max bid is 25, the "enhanced" bid should top out at 28. We will see, the auction ends in less than two hours.
Oh, a big NO on the ""never lose" feature"!
Long two hours.quote:auction ends in less than two hours.
I think this should have been a win and wasn't my max bid was $17.89 with 2 increment enhancement (wanted to try out the feature). The winning bid was $18.50. And it says Bid increment too low,
http://cgi.ebay.com/ws/eBayISA...em&item=300591446302
http://cgi.ebay.com/ws/eBayISA...em&item=300591446302
I tried BE. Another bidder sniped after AS placed my bid and won by 1 increment, even though I set BE to 3 increments. Apparently BE does not respond to bids placed by others after the AS snipes. I set AS to 8 seconds. I'm NOT impressed with BE.
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