Points to Consider When Choosing a Pattern to Help You Place Your Bids

By | May 30, 2019

pattern bidding

We’ve spoken about pattern bidding on our tips page. This is the process of choosing certain bids that form a pattern on the grid. For example, you might begin with a bid on the 1p amount, choosing to proceed with bids placed at 10p intervals. So, you would then bid on 11p, 21p, 31p, and so on.

There are some points to consider here though. For example, will you keep the amounts 10p apart each time or do you want to narrow down your options to place a bid every 5p? You could go for a penny, then bid on 5p, 10p, 15p, and so on from there. Obviously, the closer together your bids are, the more likely it is you are going to run out of bids to place before you have positioned all the ones you would like to use.

When will you use your bids?

Some people like to keep some in reserve for the later stages of an auction. That’s why it is best to work out your pattern bidding technique before you begin, so you can see how many you can place, where to put them, and how many bids you can retain for later. Remember, you do not need to place all your available bids in the early stages of an auction – if at all. We have seen people win prizes with just one or two bids placed.

You can practice different versions of your technique on different auctions

Don’t forget you could develop your own technique over the course of several auctions. You might want to bid on a few £5 bid pack auctions while doing this. It allows you to bid on real auctions where you could win a real prize (in this case a bid pack) and yet if you lose, you can pay the difference against your bid costs to get the bid pack anyway.

Each time you take part in an auction, you can choose a different pattern. Space out your bids by greater or lesser amounts each time and see what happens. You can always access finished auctions you have participated in to see how you fared. It may provide you with some clues to help you see where you could place bids in future auctions.

What might happen next time?

You never know how an auction is going to end. You could be the winner with the lowest unique bid, or you may place far lower. However, by using pattern bidding you can figure out roughly where other bids are likely to be. You can also get an idea of where the current leading bid is positioned. You may not always be able to knock it off and get your own bid to win, but it does give you more information to work with. Wishing you the best of luck in your next auction!

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