Should You Try the Same Amounts on the Grid in Every Auction?

By | May 29, 2019

lowest unique bid auction

Our grids are always the same. In every auction we run, we give you a grid with 20 positions running horizontally across the screen and 15 positions vertically. That means you have 300 potential spots to bid on when trying to win an auction.

Of course, most auctions see a concentrated mix of bids placed at the lowest end of the bid amounts. Everyone is trying to win the auction with the lowest unique bid, so it makes sense you would try to get the lowest amount no one else has bothered with.

But here’s a question you may never have thought of before (or maybe you have). Do you bid on the same amounts in every auction or do you change things each time?

Do you approach an auction like the lottery?

Think of the lottery. A lot of people have favourite numbers – numbers they think might prove lucky to use. Birthdays, special numbers, notable dates… all these things can factor into the choices they make.

Have you ever thought about using BidGrid in the same way? It would likely rely on using lower numbers, as is usually the case in the lottery. If you are using days of the month, you’re not going to go higher than 31 (in this case, 0.31 or 31p on the grid).

What could happen if you always use the same numbers?

It could mean some auctions see all your numbers knocked out immediately. Conversely, they could all turn green, showing you that they are all in the running for the main prize. You might also get a mix of each. You could use this as a pattern bidding method of sorts, although it would work on a personal pattern rather than anything formulaic.

You might also benefit from using the same numbers each time as some might be knocked out of the running straightaway in some auctions yet remain in contention in others. Think of the number one, for example – 0.01 on the grid. It would be easy to assume everyone would try bidding on this in every auction. Sometimes that does happen, and the bid becomes non-unique in the first moments of the auction starting. At other times, the bid is in the running for the winning number to start with, before dropping out later.

However, sometimes it seems as if everyone assumes others will have bid on 0.01 and so no one else does. If someone decides to go for it anyway, that bid will be the lowest unique one to win the auction once it is over. So, you see, there is no way to tell whether one of your lucky numbers will end up as a winner at the end. It may not be in one auction, yet it could bring you success in another one.

This is just another way to think about bidding on our auctions. If you have lottery numbers you’ve always used in the past, why not try using them in our auctions as well. You never know, it might be the best decision you’ve ever made.

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