Have you ever thought about when you place your bids on our auctions? You can place them whenever you wish, of course – when the auction goes live you can place bids to start things off. You can also place them at any time during the auction, right up to the moment it ends.
However, some players prefer to place bids early, while others prefer to leave things until the last moment. Have you ever tried doing the latter? Leaving things until the last possible second may not be a good idea, as you could miss out altogether. However, there are reasons why you might want to try experimenting with some bids in the last hour or less.
1: you can bid strategically
Early in an auction, you can place a bid anywhere and be confident it will turn green on the grid. If you are the first person to place bids on it, this is guaranteed. The further through an auction you go, the more likely it is you will get red amounts appearing when you put your bids on the grid. This means someone else has already bid on that amount. It knocks your bid out of the running and theirs as well.
Bid late and if a bid goes green, you can see where it is in the running. You might be first, you might be in the top five, or maybe the top 10 – and maybe nowhere. Use that information to gauge where to place your next bid. Bidding late is slower but it can be more strategic too.
2: it can be easier to guess where the current winning bid is placed
We hinted at this above. Depending on whether your bid goes red or green and the nature of the message you get when you place that bid, it can provide some clues to where the current lowest unique bid is placed. You can then consider your options for placing more bids to try and get the top spot.
3: you won’t have long to wait to find out whether you are a winner
This is good to know if you are impatient to find out the answer! If you start bidding in the last hour or less of an auction, you know the winner will be announced once the auction ends. It means you will know whether you have managed to win the auction item within an hour or so of getting started.
If you hadn’t thought about getting in on the action this late in the game before, now is your chance to give it a try. Good luck!