Hover over the “My Snipes” tab (other than on this forum). Click “Manage Folders”. In the “Create a Folder” box enter a folder name and description and check “This folder is a bidgroup”.
Best to delete the bidgroup when you’re finished instead of reusing it.
A bidgroup folder keeps bidding on auctions until the number of wins specified in “Bid on the items in this folder until I win:” is reached then it stops bidding, but a non-bidgroup folder bids on everything, regardless of how many you win or lose.