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06-28-2010, 03:30 PM #11
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06-28-2010, 03:41 PM #12
That's an interesting theory -- but I researched that too, and I don't think it is correct.
If I can paraphrase, you're saying that even though his final, maximum bid is $300, eBay does not show his final, maximum bid in the bidding results because the winner's final, maximum bid was less than $5 greater, and $5 is the minimum increment at that time of the auction.
First, check out this auction, and you'll see that eBay does not work that way:
eBay.com Item Bid History
Instead, eBay's bidding results page shows the final, maximum amount bid by each losing bidder, even if the final, maximum amount bid is less than the minimum increment at the time. I agree that you never, ever get to see the winning bidder's final, maximum bid, but I think it's pretty clear that eBay displays the actual, final, maximum amount bid by each of the losing bidders, even when they are within the minimum increment amount.
And if you think about it, that makes sense too, because eBay also wants the seller to know the next highest bidder's bid in case the winning bidder does not pay or in case the seller wants to make a "second-chance" offer to the next highest bidder.
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06-28-2010, 03:58 PM #13
Because I've only found these two auctions where n***t actually lost, and the only reason he lost is, apparently, having multiple snipers participating in the auction thows off his strategy.
But even with this complication, his program is worth using, because it allows him to incorporate into his bids some of the information that is revealed by other competitive bidders, even when those bidders are sniping.
Think about the sniping for a sec. The true advantage of it could be summed up as follows -- sniping allows you to bid on items without revealing to other bidders the information that would otherwise be available to them by seeing your bid. There's nothing magical about bidding in the last 5 or 4 seconds, and you could get the same benefit of a sniper program if you simply had the rule that everyone's bid gets submitted in secret and then gets revealed once the auction is over.
The advantage of n***t's program is that it is able to react to from bids that are submitted so late that it is supposed to be impossible to react to them. Isn't that a benefit that you would want to know about?
Anyway, I don't mean to make a mountain out of molehill, but I wish that n***t, whoever he is, would educate us about how to make bids like this. Thanks.
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06-28-2010, 04:17 PM #14
I don't think there's anything high tech going on.
Suppose n**t's max bid is 400 USD, ebay allows minimum increments of 5 USD.
Suppose the current bid stands at 394.59 USD. When n**t puts in a max. bid of 400 USD ebay will put n**t's max bid at 399.59. The lowest bid allowed after that is 404.59. As this is above n**t's maximum of 400 USD, 400 USD will not be shown in the bid history.
My 2 cts.Plus ça change, plus c'est la même chose. Jean-Baptiste Alphonse Karr.
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JeffE (06-28-2010)
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06-28-2010, 04:29 PM #15
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Thanked: 1262I guess you could probably use the ebay api to write program to get the current high bidder and bid $5 over that. It would be easier to just have you sniper put in your max bid at 1 or 2 seconds.
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JeffE (06-28-2010)
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06-28-2010, 04:44 PM #16
Kees, look at the auction that I've referenced in post #12 above, or look at this one:
Vintage "ESCHER" WATER Razor Sharpening Hone/ Stone - eBay (item 260595484018 end time May-08-10 13:17:34 PDT)
In either case, you'll see auctions where the minimum bid increment was $5, but the difference between the highest and next highest bids is less than $5 -- even less than $2.
What you're suggesting is a good theory, and it's what I thought was going on here too, until I looked a little deeper. The bids being submitted by n***t just can't be explained in the way that you're suggesting.
The fact that he is the ONLY ONE I can see who is bidding this way is pretty amazing too, because if this were something caused by the way that eBay records bids, you'd expect to see it in other auctions by other bidders too.
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06-28-2010, 04:46 PM #17
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06-28-2010, 04:51 PM #18
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JeffE (06-28-2010)
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06-28-2010, 05:08 PM #19
The Ebay API they provide to developers isn't rocket science. Any programmer with a moderate skill level could easily write their own bidding software.
How fast you can submit bids is all based on your internet connection and the speed which you can communicate with Ebay. If you live close to wherever Ebay's servers are and you have a commercial super high speed internet connection (one that most programmers with the skill to write something like this are likely to have at their work) then you could easily pull off all kinds of sniping shenanigans. Obviously if you wrote something like that to succeed at sniping hones for cheap you wouldn't release it for others to use against you.
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JeffE (06-28-2010), Oldengaerde (06-29-2010)
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06-28-2010, 05:12 PM #20
I didn't realize that there was this much software support for trading functions on eBay. I think this is what n***t is using here, and it's probably not a very difficult program to write. Just read whatever is the current auction price (say $A) at t-:05 or so, and then submit a bid at t-:01 for $A+5.
You won't win when there's multiple snipers bidding or when the high bidder isn't near his maximum, but you'd end up stealing a few auctions where another sniping program would leave you out of the running.
Still pretty clever in my estimation anyway.