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What happens when ebay receives multiple bids on an item that are in the same amount? The first bid to be placed wins the item, yes?

When no bid shows before the auction end, but judging from what similar items have sold for recently you just know bids will be placed in the last seconds is there any way to gain an advantage without tipping your hand? When you suspect that a number of people are using snipers do you just put in your sniped bid & hope you win? Can increasing your bid-placed time by a few seconds help?
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