Hello ludicrusmax,
That is close to the way the tool operates, but not exactly.
If you add second shot to a snipe you have set up and it is immediately outbid by a proxy bid, you are enabling our service to raise your bid by a set number of bid increments. It would not use your Max Bid a repeated number of times. What it does is increase your Max Bid for one further bid using however many increments you selected. (eBay only uses the portion needed to put a bid into the high bidder position). So the additional amount will vary as the amount of an increment varies based on the current price of the item.
Your Max Bid is always placed first and if that is already outbid or immediately proxy outbid, we add the appropriate amount for the number of increments selected for another bid.
If you are unfamiliar with eBay's bid increments, you can see the details here.
- Craig
