Eric: "As long as you're the high bidder, the snipe will not snipe you."
Well, there are the two exceptions as Rick said: Your snipe can bump up the cost to you if either A) your existing bid was less than a full increment above the next competing bid or B) your existing bid was below a reserve price. I had
A) happen to me: I was winning something at $110, over another guy at 109.99. I sniped myself at something like $121 & had to pay 112.49, I think it was.